Tufton Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M COMPANY	COM	88579y101	6,217	37,817	SH		SOLE		0	0	37,817
ABBOTT LABS	COM	002824100	7,724	92,316	SH		SOLE		0	0	92,316
ABBVIE INC SHS	COM	00287y109	8,683	114,678	SH		SOLE		0	0	114,678
AIR PRODS & CHEMS INC COM	COM	009158106	388	1,750	SH		SOLE		0	0	1,750
ALPHABET INC SHS CL A	COM	02079k305	2,067	1,693	SH		SOLE		0	0	1,693
ALPHABET INC SHS CL C	COM	02079k107	12,176	9,989	SH		SOLE		0	0	9,989
ALTRIA GROUP INC	COM	02209s103	1,776	43,445	SH		SOLE		0	0	43,445
AMAZON COM INC COM	COM	023135106	506	292	SH		SOLE		0	0	292
AMERICAN EXPRESS CO COM	COM	025816109	600	5,078	SH		SOLE		0	0	5,078
ANTHEM INC	COM	036752103	1,062	4,425	SH		SOLE		0	0	4,425
APPLE INC	COM	037833100	7,186	32,086	SH		SOLE		0	0	32,086
AT&T INC	COM	00206r102	6,350	167,834	SH		SOLE		0	0	167,834
AUTOMATIC DATA PROC	COM	053015103	12,069	74,770	SH		SOLE		0	0	74,770
BANK OF AMERICA CORP	COM	060505104	4,826	165,450	SH		SOLE		0	0	165,450
BERKSHIRE HATHAWAY INC DELAWA	COM	084670108	311	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAYINC DEL CL	COM	084670702	1,347	6,476	SH		SOLE		0	0	6,476
BOEING COMPANY	COM	097023105	4,840	12,722	SH		SOLE		0	0	12,722
BRISTOL-MYERS SQUIBB CO	COM	110122108	8,667	170,918	SH		SOLE		0	0	170,918
BROWN FORMAN CORP CL B	COM	115637209	600	9,563	SH		SOLE		0	0	9,563
CAPITAL ONE FINL	COM	14040h105	1,594	17,523	SH		SOLE		0	0	17,523
CATERPILLAR INC DEL	COM	149123101	8,356	66,161	SH		SOLE		0	0	66,161
CELGENE CORP COM	COM	151020104	1,589	16,010	SH		SOLE		0	0	16,010
CHESAPEAKE UTILS CORP COM	COM	165303108	10,263	107,679	SH		SOLE		0	0	107,679
CHEVRON CORP	COM	166764100	10,718	90,373	SH		SOLE		0	0	90,373
CHIPOTLE MEXICAN GRILL	COM	169656105	550	655	SH		SOLE		0	0	655
CHUBB LTD New	COM	h1467j104	4,895	30,325	SH		SOLE		0	0	30,325
CISCO SYSTEMS INC COM	COM	17275r102	353	7,156	SH		SOLE		0	0	7,156
COCA COLA COM	COM	191216100	3,925	72,112	SH		SOLE		0	0	72,112
COLGATE PALMOLIVE	COM	194162103	6,090	82,854	SH		SOLE		0	0	82,854
COMPUTER SERVICES INC KY	COM	20539a105	1,474	32,408	SH		SOLE		0	0	32,408
CORNING INC	COM	219350105	6,959	244,038	SH		SOLE		0	0	244,038
CORTEVA INC REG SHS	COM	22052l104	1,406	50,217	SH		SOLE		0	0	50,217
COSTCO WHOLESALE CRP DEL	COM	22160k105	684	2,375	SH		SOLE		0	0	2,375
CROWN CASTLE REIT INC SHS	COM	22822v101	5,427	39,043	SH		SOLE		0	0	39,043
CSX CORP	COM	126408103	367	5,300	SH		SOLE		0	0	5,300
DANAHER CORP DEL COM	COM	235851102	337	2,335	SH		SOLE		0	0	2,335
DEERE CO	COM	244199105	436	2,590	SH		SOLE		0	0	2,590
DIGITAL RLTY TR INC	COM	253868103	207	1,600	SH		SOLE		0	0	1,600
DISNEY (WALT) CO COM STK	COM	254687106	11,062	84,886	SH		SOLE		0	0	84,886
DOW INC REG SHS	COM	260557103	2,677	56,197	SH		SOLE		0	0	56,197
DUKE ENERGY CORP NEW	COM	26441c204	7,087	73,939	SH		SOLE		0	0	73,939
DUPONT DE NEMOURS INC	COM	26614n102	3,480	48,813	SH		SOLE		0	0	48,813
ECOSPHERE TECH INC COM	COM	27922X105	0	10,500	SH		SOLE		0	0	10,500
EMERSON ELEC CO	COM	291011104	7,579	113,361	SH		SOLE		0	0	113,361
ENTERPRISE PRDTS PRTN LPL P	COM	293792107	3,874	135,551	SH		SOLE		0	0	135,551
EXXON MOBIL CORP COM	COM	30231g102	11,993	169,857	SH		SOLE		0	0	169,857
FARMER & MERCHANTS BANCORP INC	COM	30779N105	272	10,500	SH		SOLE		0	0	10,500
FIDELITY MSCI REAL ESTATE INDE	COM	316092857	733	26,276	SH		SOLE		0	0	26,276
HARLEY DAVIDSON INC WIS	COM	412822108	329	9,169	SH		SOLE		0	0	9,169
HELMERICH PAYNE INC	COM	423452101	2,782	69,446	SH		SOLE		0	0	69,446
HOME DEPOT INC	COM	437076102	259	1,117	SH		SOLE		0	0	1,117
HONEYWELL INTL INC COM	COM	438516106	381	2,252	SH		SOLE		0	0	2,252
HP INC	COM	40434l105	529	28,001	SH		SOLE		0	0	28,001
INTEL CORP	COM	458140100	11,407	221,366	SH		SOLE		0	0	221,366
INTL BUSINESS MACHINES CORP I	COM	459200101	7,063	48,573	SH		SOLE		0	0	48,573
INVESCO S&P 500 LOW VOLATILITY	COM	46138e354	460	7,960	SH		SOLE		0	0	7,960
ISHARES CORE S&P 500 ETF	COM	464287200	826	2,767	SH		SOLE		0	0	2,767
ISHARES CORE S&P MID-CAPETF	COM	464287507	622	3,220	SH		SOLE		0	0	3,220
ISHARES CORE S&P SMALL CAP ET	COM	464287804	535	6,878	SH		SOLE		0	0	6,878
ISHARES RUSSELL 1000 VALUE ETF	COM	464287598	208	1,626	SH		SOLE		0	0	1,626
ISHARES TR NORTH AMERN TECH ET	COM	464287549	434	2,000	SH		SOLE		0	0	2,000
JOHNSON AND JOHNSON COM	COM	478160104	10,087	77,970	SH		SOLE		0	0	77,970
JPMORGAN CHASE & CO	COM	46625h100	15,550	132,132	SH		SOLE		0	0	132,132
KIPS BAY MED INC COM	COM	49726k105	0	10,000	SH		SOLE		0	0	10,000
KONTOOR BRANDS INC REG SHS	COM	50050n103	498	14,188	SH		SOLE		0	0	14,188
KRAFT (THE) HEINZ CO SHS	COM	500754106	775	27,748	SH		SOLE		0	0	27,748
LEGGETT&PLATT INC PV1CT	COM	524660107	1,743	42,588	SH		SOLE		0	0	42,588
LOCKHEED MARTIN CORP	COM	539830109	12,017	30,810	SH		SOLE		0	0	30,810
LOWE'S COMPANIES INC	COM	548661107	514	4,675	SH		SOLE		0	0	4,675
M&T BANK CORPORATION	COM	55261f104	200	1,267	SH		SOLE		0	0	1,267
MC CORMICK NON VTG	COM	579780206	561	3,591	SH		SOLE		0	0	3,591
MCCORMICK & CO INC COM VTG	COM	579780107	5,807	37,275	SH		SOLE		0	0	37,275
MCDONALDS CORP COM	COM	580135101	311	1,451	SH		SOLE		0	0	1,451
MERCK AND CO INC SHS	COM	58933y105	14,537	172,694	SH		SOLE		0	0	172,694
MICROSOFT CORP	COM	594918104	23,968	172,401	SH		SOLE		0	0	172,401
MONDELEZ INTERNATIONAL INC	COM	609207105	9,535	172,374	SH		SOLE		0	0	172,374
NEXTERA ENERGY INC SHS	COM	65339f101	521	2,240	SH		SOLE		0	0	2,240
NOBLE ENERGY INC	COM	655044105	359	16,000	SH		SOLE		0	0	16,000
NORFOLK SOUTHERN CORP	COM	655844108	9,164	51,008	SH		SOLE		0	0	51,008
OLIN CORP $1 NEW	COM	680665205	1,660	88,688	SH		SOLE		0	0	88,688
ORACLE CORP $0.01 DEL	COM	68389x105	6,266	113,868	SH		SOLE		0	0	113,868
PEPSICO INC	COM	713448108	5,788	42,220	SH		SOLE		0	0	42,220
PFIZER INC	COM	717081103	205	5,733	SH		SOLE		0	0	5,733
PHILIP MORRIS INTL INC	COM	718172109	3,866	50,917	SH		SOLE		0	0	50,917
PNC FINCL SERVICES GROUP	COM	693475105	1,320	9,422	SH		SOLE		0	0	9,422
PRICE T ROWE GROUP INC	COM	74144t108	844	7,392	SH		SOLE		0	0	7,392
PROCTER & GAMBLE CO	COM	742718109	12,171	97,856	SH		SOLE		0	0	97,856
QUALCOMM INC	COM	747525103	6,388	83,757	SH		SOLE		0	0	83,757
SCHLUMBERGER LTD	COM	806857108	288	8,439	SH		SOLE		0	0	8,439
SERVICE CORP INTL COM	COM	817565104	239	5,000	SH		SOLE		0	0	5,000
SOUTHERN COMPANY	COM	842587107	299	4,842	SH		SOLE		0	0	4,842
SPDR DOW JONES INDUST AVETF TR	COM	78467x109	4,630	17,203	SH		SOLE		0	0	17,203
SPDR S&P 500 ETF TR TR UNIT	COM	78462F103	1,466	4,940	SH		SOLE		0	0	4,940
SPDR S&P DIVIDEND ETF	COM	78464a763	1,647	16,056	SH		SOLE		0	0	16,056
STATE STREET CORP	COM	857477103	986	16,673	SH		SOLE		0	0	16,673
SYSCO CORPORATION	COM	871829107	2,472	31,141	SH		SOLE		0	0	31,141
TARGET CORP COM	COM	87612e106	15,630	146,201	SH		SOLE		0	0	146,201
THERMO FISHERSCIENTIFIC INC	COM	883556102	230	790	SH		SOLE		0	0	790
TIFFANY & CO NEW	COM	886547108	1,061	11,460	SH		SOLE		0	0	11,460
TJX COS INC NEW	COM	872540109	11,972	214,796	SH		SOLE		0	0	214,796
UNION PAC CORP COM	COM	907818108	388	2,400	SH		SOLE		0	0	2,400
UNITED PARCEL SVC CL B	COM	911312106	6,624	55,285	SH		SOLE		0	0	55,285
UNITED TECHS CORP COM	COM	913017109	9,162	67,114	SH		SOLE		0	0	67,114
V F CORPORATION	COM	918204108	9,502	106,782	SH		SOLE		0	0	106,782
VARIAN MEDICAL SYS INC	COM	92220p105	1,734	14,565	SH		SOLE		0	0	14,565
VERIZON COMMUNICATNS COM	COM	92343v104	8,092	134,073	SH		SOLE		0	0	134,073
WALMART INC	COM	931142103	356	3,006	SH		SOLE		0	0	3,006
WASH R E INV TR SBI $.01REIT	COM	939653101	3,632	132,775	SH		SOLE		0	0	132,775
WELLS FARGO & CO NEW DEL	COM	949746101	8,745	173,376	SH		SOLE		0	0	173,376
ZOETIS INC	COM	98978v103	6,061	48,655	SH		SOLE		0	0	48,655
ISHARES INC CORE MSCI EMERGI	INT	46434g103	258	5,266	SH		SOLE		0	0	5,266
ISHARES MSCI EAFE MIN VOL ETF	INT	46429b689	304	4,151	SH		SOLE		0	0	4,151
ISHARES MSCI EAFE SMALL CAP	INT	464288273	320	5,605	SH		SOLE		0	0	5,605
ISHARES TR CORE MSCI EAFETF	INT	46432f842	661	10,834	SH		SOLE		0	0	10,834
ISHARES TR MSCI EAFE VALUE	INT	464288877	240	5,082	SH		SOLE		0	0	5,082
ROYAL DUTCH SHELL PLC SPONS	INT	780259206	233	3,961	SH		SOLE		0	0	3,961
TAIWAN S MANUFCTRING ADR	INT	874039100	1,964	42,274	SH		SOLE		0	0	42,274
VANGUARD FTSE ALL WORLD EX US	INT	922042775	305	6,122	SH		SOLE		0	0	6,122
VANGUARD FTSE DEVELOPED MARKET	INT	921943858	844	20,564	SH		SOLE		0	0	20,564
VANGUARD FTSE EMERGING MARKET	INT	922042858	1,259	31,280	SH		SOLE		0	0	31,280