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	6,628	37,574	SH		SOLE		0	0	37,574
ABBOTT LABS	COM	002824100	7,833	90,190	SH		SOLE		0	0	90,190
ABBVIE INC SHS	COM	00287y109	10,233	115,576	SH		SOLE		0	0	115,576
AIR PRODS & CHEMS INC COM	COM	009158106	411	1,750	SH		SOLE		0	0	1,750
ALPHABET INC SHS CL A	COM	02079k305	2,251	1,681	SH		SOLE		0	0	1,681
ALPHABET INC SHS CL C	COM	02079k107	13,281	9,934	SH		SOLE		0	0	9,934
ALTRIA GROUP INC	COM	02209s103	2,173	43,550	SH		SOLE		0	0	43,550
AMAZON COM INC COM	COM	023135106	521	282	SH		SOLE		0	0	282
AMERICAN EXPRESS CO COM	COM	025816109	632	5,078	SH		SOLE		0	0	5,078
ANTHEM INC	COM	036752103	1,316	4,360	SH		SOLE		0	0	4,360
APPLE INC	COM	037833100	9,327	31,765	SH		SOLE		0	0	31,765
AT&T INC	COM	00206r102	6,438	164,742	SH		SOLE		0	0	164,742
AUTOMATIC DATA PROC	COM	053015103	12,734	74,689	SH		SOLE		0	0	74,689
BANK OF AMERICA CORP	COM	060505104	6,631	188,291	SH		SOLE		0	0	188,291
BERKSHIRE HATHAWAY INC DELAWA	COM	084670108	339	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAYINC DEL CL	COM	084670702	1,466	6,476	SH		SOLE		0	0	6,476
BLACKROCK INC	COM	09247x101	224	447	SH		SOLE		0	0	447
BOEING COMPANY	COM	097023105	4,032	12,378	SH		SOLE		0	0	12,378
BRISTOL-MYERS SQUIBB CO	COM	110122108	11,905	185,472	SH		SOLE		0	0	185,472
BROWN FORMAN CORP CL B	COM	115637209	646	9,563	SH		SOLE		0	0	9,563
CAPITAL ONE FINL	COM	14040h105	1,797	17,468	SH		SOLE		0	0	17,468
CATERPILLAR INC DEL	COM	149123101	9,713	65,775	SH		SOLE		0	0	65,775
CHESAPEAKE UTILS CORP COM	COM	165303108	9,878	103,079	SH		SOLE		0	0	103,079
CHEVRON CORP	COM	166764100	11,067	91,836	SH		SOLE		0	0	91,836
CHIPOTLE MEXICAN GRILL	COM	169656105	552	660	SH		SOLE		0	0	660
CHUBB LTD New	COM	h1467j104	4,704	30,222	SH		SOLE		0	0	30,222
CISCO SYSTEMS INC COM	COM	17275r102	343	7,156	SH		SOLE		0	0	7,156
COCA COLA COM	COM	191216100	3,966	71,654	SH		SOLE		0	0	71,654
COLGATE PALMOLIVE	COM	194162103	5,813	84,447	SH		SOLE		0	0	84,447
COMPUTER SERVICES INC KY	COM	20539a105	1,442	32,408	SH		SOLE		0	0	32,408
CORNING INC	COM	219350105	7,121	244,636	SH		SOLE		0	0	244,636
CORTEVA INC REG SHS	COM	22052l104	1,646	55,711	SH		SOLE		0	0	55,711
COSTCO WHOLESALE CRP DEL	COM	22160k105	698	2,375	SH		SOLE		0	0	2,375
CROWN CASTLE REIT INC SHS	COM	22822v101	5,550	39,046	SH		SOLE		0	0	39,046
CSX CORP	COM	126408103	383	5,300	SH		SOLE		0	0	5,300
DANAHER CORP DEL COM	COM	235851102	358	2,335	SH		SOLE		0	0	2,335
DEERE CO	COM	244199105	448	2,590	SH		SOLE		0	0	2,590
DISNEY (WALT) CO COM STK	COM	254687106	14,229	98,387	SH		SOLE		0	0	98,387
DOW INC REG SHS	COM	260557103	3,023	55,244	SH		SOLE		0	0	55,244
DUKE ENERGY CORP NEW	COM	26441c204	6,737	73,867	SH		SOLE		0	0	73,867
DUPONT DE NEMOURS INC	COM	26614n102	2,878	44,841	SH		SOLE		0	0	44,841
ECOSPHERE TECH INC COM	COM	27922X105	0	10,500	SH		SOLE		0	0	10,500
EMERSON ELEC CO	COM	291011104	8,591	112,658	SH		SOLE		0	0	112,658
ENTERPRISE PRDTS PRTN LPL P	COM	293792107	3,866	137,320	SH		SOLE		0	0	137,320
EXXON MOBIL CORP COM	COM	30231g102	11,889	170,385	SH		SOLE		0	0	170,385
FARMER & MERCHANTS BANCORP INC	COM	30779N105	316	10,500	SH		SOLE		0	0	10,500
FIDELITY MSCI REAL ESTATE INDE	COM	316092857	745	26,742	SH		SOLE		0	0	26,742
HARLEY DAVIDSON INC WIS	COM	412822108	334	9,007	SH		SOLE		0	0	9,007
HELMERICH PAYNE INC	COM	423452101	210	4,632	SH		SOLE		0	0	4,632
HOME DEPOT INC	COM	437076102	243	1,117	SH		SOLE		0	0	1,117
HONEYWELL INTL INC COM	COM	438516106	398	2,252	SH		SOLE		0	0	2,252
HP INC	COM	40434l105	620	30,180	SH		SOLE		0	0	30,180
INTEL CORP	COM	458140100	13,083	218,610	SH		SOLE		0	0	218,610
INTL BUSINESS MACHINES CORP I	COM	459200101	6,404	47,783	SH		SOLE		0	0	47,783
INVESCO S&P 500 LOW VOLATILITY	COM	46138e354	464	7,960	SH		SOLE		0	0	7,960
ISHARES CORE S&P 500 ETF	COM	464287200	934	2,889	SH		SOLE		0	0	2,889
ISHARES CORE S&P MID-CAPETF	COM	464287507	693	3,370	SH		SOLE		0	0	3,370
ISHARES CORE S&P SMALL CAP ET	COM	464287804	591	7,057	SH		SOLE		0	0	7,057
ISHARES RUSSELL 1000 VALUE ETF	COM	464287598	221	1,626	SH		SOLE		0	0	1,626
ISHARES TR NORTH AMERN TECH ET	COM	464287549	484	2,000	SH		SOLE		0	0	2,000
JOHNSON AND JOHNSON COM	COM	478160104	11,672	80,019	SH		SOLE		0	0	80,019
JPMORGAN CHASE & CO	COM	46625h100	18,353	131,662	SH		SOLE		0	0	131,662
KIPS BAY MED INC COM	COM	49726k105	0	10,000	SH		SOLE		0	0	10,000
KONTOOR BRANDS INC REG SHS	COM	50050n103	463	11,027	SH		SOLE		0	0	11,027
LEGGETT&PLATT INC PV1CT	COM	524660107	2,116	41,644	SH		SOLE		0	0	41,644
LOCKHEED MARTIN CORP	COM	539830109	11,958	30,711	SH		SOLE		0	0	30,711
LOWE'S COMPANIES INC	COM	548661107	559	4,675	SH		SOLE		0	0	4,675
M&T BANK CORPORATION	COM	55261f104	215	1,267	SH		SOLE		0	0	1,267
MC CORMICK NON VTG	COM	579780206	562	3,313	SH		SOLE		0	0	3,313
MCCORMICK & CO INC COM VTG	COM	579780107	6,376	37,275	SH		SOLE		0	0	37,275
MCDONALDS CORP COM	COM	580135101	286	1,451	SH		SOLE		0	0	1,451
MERCK AND CO INC SHS	COM	58933y105	15,552	171,003	SH		SOLE		0	0	171,003
MICROSOFT CORP	COM	594918104	27,029	171,399	SH		SOLE		0	0	171,399
MONDELEZ INTERNATIONAL INC	COM	609207105	9,676	175,680	SH		SOLE		0	0	175,680
NETFLIX COM INC	COM	64110l106	220	680	SH		SOLE		0	0	680
NEXTERA ENERGY INC SHS	COM	65339f101	542	2,240	SH		SOLE		0	0	2,240
NOBLE ENERGY INC	COM	655044105	397	16,000	SH		SOLE		0	0	16,000
NORFOLK SOUTHERN CORP	COM	655844108	9,898	50,987	SH		SOLE		0	0	50,987
OLIN CORP $1 NEW	COM	680665205	1,501	87,043	SH		SOLE		0	0	87,043
ORACLE CORP $0.01 DEL	COM	68389x105	5,859	110,598	SH		SOLE		0	0	110,598
PEPSICO INC	COM	713448108	5,647	41,325	SH		SOLE		0	0	41,325
PFIZER INC	COM	717081103	224	5,733	SH		SOLE		0	0	5,733
PHILIP MORRIS INTL INC	COM	718172109	4,225	49,657	SH		SOLE		0	0	49,657
PNC FINCL SERVICES GROUP	COM	693475105	1,500	9,397	SH		SOLE		0	0	9,397
PRICE T ROWE GROUP INC	COM	74144t108	841	6,903	SH		SOLE		0	0	6,903
PROCTER & GAMBLE CO	COM	742718109	12,038	96,385	SH		SOLE		0	0	96,385
QUALCOMM INC	COM	747525103	7,270	82,406	SH		SOLE		0	0	82,406
SCHLUMBERGER LTD	COM	806857108	1,049	26,114	SH		SOLE		0	0	26,114
SERVICE CORP INTL COM	COM	817565104	230	5,000	SH		SOLE		0	0	5,000
SOUTHERN COMPANY	COM	842587107	308	4,842	SH		SOLE		0	0	4,842
SPDR DOW JONES INDUST AVETF TR	COM	78467x109	4,501	15,789	SH		SOLE		0	0	15,789
SPDR S&P 500 ETF TR TR UNIT	COM	78462F103	1,589	4,940	SH		SOLE		0	0	4,940
SPDR S&P DIVIDEND ETF	COM	78464a763	1,664	15,476	SH		SOLE		0	0	15,476
STATE STREET CORP	COM	857477103	1,238	15,658	SH		SOLE		0	0	15,658
SYSCO CORPORATION	COM	871829107	2,629	30,739	SH		SOLE		0	0	30,739
TARGET CORP COM	COM	87612e106	17,622	137,452	SH		SOLE		0	0	137,452
THERMO FISHERSCIENTIFIC INC	COM	883556102	256	790	SH		SOLE		0	0	790
TIFFANY & CO NEW	COM	886547108	1,400	10,476	SH		SOLE		0	0	10,476
TJX COS INC NEW	COM	872540109	13,067	214,013	SH		SOLE		0	0	214,013
UNION PAC CORP COM	COM	907818108	433	2,400	SH		SOLE		0	0	2,400
UNITED PARCEL SVC CL B	COM	911312106	6,446	55,070	SH		SOLE		0	0	55,070
UNITED TECHS CORP COM	COM	913017109	9,977	66,623	SH		SOLE		0	0	66,623
V F CORPORATION	COM	918204108	11,756	117,962	SH		SOLE		0	0	117,962
VANECK VECTORS BIOTECH ETF	COM	92189f726	230	1,650	SH		SOLE		0	0	1,650
VARIAN MEDICAL SYS INC	COM	92220p105	2,068	14,565	SH		SOLE		0	0	14,565
VERIZON COMMUNICATNS COM	COM	92343v104	8,178	133,199	SH		SOLE		0	0	133,199
WALMART INC	COM	931142103	345	2,906	SH		SOLE		0	0	2,906
WASH R E INV TR SBI $.01REIT	COM	939653101	3,808	130,502	SH		SOLE		0	0	130,502
WELLS FARGO & CO NEW DEL	COM	949746101	9,316	173,171	SH		SOLE		0	0	173,171
ZOETIS INC	COM	98978v103	6,424	48,538	SH		SOLE		0	0	48,538
ISHARES INC CORE MSCI EMERGI	INT	46434g103	298	5,558	SH		SOLE		0	0	5,558
ISHARES MSCI EAFE MIN VOL ETF	INT	46429b689	309	4,151	SH		SOLE		0	0	4,151
ISHARES MSCI EAFE SMALL CAP	INT	464288273	368	5,918	SH		SOLE		0	0	5,918
ISHARES TR CORE MSCI EAFETF	INT	46432f842	737	11,304	SH		SOLE		0	0	11,304
ISHARES TR MSCI EAFE VALUE	INT	464288877	253	5,082	SH		SOLE		0	0	5,082
ROYAL DUTCH SHELL PLC SPONS	INT	780259206	233	3,962	SH		SOLE		0	0	3,962
TAIWAN S MANUFCTRING ADR	INT	874039100	2,377	40,922	SH		SOLE		0	0	40,922
VANGUARD FTSE ALL WORLD EX US	INT	922042775	329	6,122	SH		SOLE		0	0	6,122
VANGUARD FTSE DEVELOPED MARKET	INT	921943858	915	20,779	SH		SOLE		0	0	20,779
VANGUARD FTSE EMERGING MARKET	INT	922042858	1,348	30,325	SH		SOLE		0	0	30,325