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
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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	4,286,871	42,830	SH		SOLE		0	0	42,830
ABBOTT LABS	COM	002824100	7,752,521	71,111	SH		SOLE		0	0	71,111
ABBVIE INC COM	COM	00287Y109	8,133,986	60,372	SH		SOLE		0	0	60,372
AIR PRODS & CHEMS INC COM	COM	009158106	469,063	1,566	SH		SOLE		0	0	1,566
ALPHABET INC SHS CL A	COM	02079k305	2,945,218	24,605	SH		SOLE		0	0	24,605
ALPHABET INC SHS CL C	COM	02079k107	13,527,833	111,828	SH		SOLE		0	0	111,828
ALTRIA GROUP INC	COM	02209s103	752,614	16,614	SH		SOLE		0	0	16,614
AMAZON COM INC COM	COM	023135106	7,965,387	61,103	SH		SOLE		0	0	61,103
AMERICAN EXPRESS CO COM	COM	025816109	824,837	4,735	SH		SOLE		0	0	4,735
AMERICAN TOWER REIT INC (HLDG	COM	03027x100	350,061	1,805	SH		SOLE		0	0	1,805
APPLE INC COM	COM	037833100	21,853,242	112,663	SH		SOLE		0	0	112,663
AUTOMATIC DATA PROC	COM	053015103	12,925,520	58,808	SH		SOLE		0	0	58,808
BANK OF AMERICA CORP	COM	060505104	7,206,239	251,176	SH		SOLE		0	0	251,176
BERKSHIRE HATHAWAYINC DEL CL	COM	084670702	2,686,398	7,878	SH		SOLE		0	0	7,878
BOEING COMPANY	COM	097023105	582,379	2,758	SH		SOLE		0	0	2,758
BOSTON SCIENTIFIC CORP	COM	101137107	599,858	11,090	SH		SOLE		0	0	11,090
BRISTOL-MYERS SQUIBB CO	COM	110122108	9,135,513	142,854	SH		SOLE		0	0	142,854
BROWN FORMAN CORP CL B	COM	115637209	632,874	9,477	SH		SOLE		0	0	9,477
CAPITAL ONE FINL CORP COM	COM	14040H105	2,156,885	19,721	SH		SOLE		0	0	19,721
CARRIER GLOBAL CORP	COM	14448c104	5,341,263	107,448	SH		SOLE		0	0	107,448
CATERPILLAR INS COM	COM	149123101	8,628,050	35,066	SH		SOLE		0	0	35,066
CHESAPEAKE UTILS CORP COM	COM	165303108	8,478,750	71,250	SH		SOLE		0	0	71,250
CHEVRON CORP	COM	166764100	11,103,291	70,564	SH		SOLE		0	0	70,564
CHIPOTLE MEXICAN GRILL	COM	169656105	1,516,551	709	SH		SOLE		0	0	709
CHUBB LTD New	COM	h1467j104	7,678,185	39,874	SH		SOLE		0	0	39,874
CISCO SYSTEMS INC	COM	17275R102	6,262,195	121,032	SH		SOLE		0	0	121,032
COCA COLA COMPANY	COM	191216100	4,366,224	72,504	SH		SOLE		0	0	72,504
COLGATE PALMOLIVE	COM	194162103	3,627,196	47,081	SH		SOLE		0	0	47,081
CONSTELLATION BRANDS INC CL A	COM	21036P108	414,236	1,683	SH		SOLE		0	0	1,683
CORNING INC COM	COM	219350105	8,349,453	238,283	SH		SOLE		0	0	238,283
COSTCO WHOLESALE CRP DEL	COM	22160k105	1,506,925	2,799	SH		SOLE		0	0	2,799
CROWN CASTLE INC.	COM	22822v101	7,432,961	65,235	SH		SOLE		0	0	65,235
CSX CORP COM	COM	126408103	386,694	11,340	SH		SOLE		0	0	11,340
DANAHER CORP DEL COM	COM	235851102	631,920	2,633	SH		SOLE		0	0	2,633
DEERE CO	COM	244199105	1,036,070	2,557	SH		SOLE		0	0	2,557
DIGITAL RLTY TR INC COM	COM	253868103	2,968,477	26,069	SH		SOLE		0	0	26,069
DISNEY (WALT) CO COM STK	COM	254687106	6,197,125	69,412	SH		SOLE		0	0	69,412
DOW INC REG SHS	COM	260557103	2,468,005	46,338	SH		SOLE		0	0	46,338
DUKE ENERGY CORP NEW	COM	26441c204	4,608,418	51,353	SH		SOLE		0	0	51,353
DUPONT DE NEMOURS INC COM	COM	26614N102	3,509,952	49,131	SH		SOLE		0	0	49,131
EATON CORP PLC	COM	g29183103	251,375	1,250	SH		SOLE		0	0	1,250
ECOSPHERE TECH INC COM	COM	27922x105	0	10,500	SH		SOLE		0	0	10,500
ELEVANCE HEALTH INC COM	COM	036752103	1,832,251	4,124	SH		SOLE		0	0	4,124
EMERSON ELEC CO COM	COM	291011104	7,499,832	82,971	SH		SOLE		0	0	82,971
ENTERPRISE PRODS PARTNERS L P	COM	293792107	3,081,737	116,954	SH		SOLE		0	0	116,954
EXXON MOBIL CORP COM	COM	30231g102	10,508,163	97,978	SH		SOLE		0	0	97,978
FARMER & MERCHANTS BANCORP INC	COM	30779N105	219,472	9,750	SH		SOLE		0	0	9,750
FEDEX CORP DELAWARE COM	COM	31428x106	449,690	1,814	SH		SOLE		0	0	1,814
FIDELITY MSCI REAL ESTATE INDE	COM	316092857	619,572	24,694	SH		SOLE		0	0	24,694
GENERAL ELECTRIC	COM	369604301	210,582	1,917	SH		SOLE		0	0	1,917
HOME DEPOT INC	COM	437076102	411,908	1,326	SH		SOLE		0	0	1,326
HONEYWELL INTL INC COM	COM	438516106	397,985	1,918	SH		SOLE		0	0	1,918
INTEL CORP	COM	458140100	3,438,337	102,821	SH		SOLE		0	0	102,821
INTL BUSINESS MACHINES CORP I	COM	459200101	3,968,670	29,659	SH		SOLE		0	0	29,659
INTUIT INC	COM	461202103	235,967	515	SH		SOLE		0	0	515
INTUITIVE SURGICAL INC NEW	COM	46120e602	282,100	825	SH		SOLE		0	0	825
INVESCO EXCHANGE-TRADED FD TR	COM	46138E354	322,717	5,138	SH		SOLE		0	0	5,138
ISHARES CORE S&P 500 ETF	COM	464287200	2,301,200	5,163	SH		SOLE		0	0	5,163
ISHARES CORE S&P MID-CAPETF	COM	464287507	1,140,575	4,362	SH		SOLE		0	0	4,362
ISHARES CORE S&P SMALL CAP ET	COM	464287804	927,143	9,304	SH		SOLE		0	0	9,304
ISHARES TR DOW JONES US MEDICA	COM	464288810	221,605	3,925	SH		SOLE		0	0	3,925
ISHARES TR NORTH AMERN TECH ET	COM	464287549	392,870	1,000	SH		SOLE		0	0	1,000
JOHNSON AND JOHNSON COM	COM	478160104	9,584,616	57,906	SH		SOLE		0	0	57,906
JPMORGAN CHASE & CO	COM	46625h100	12,658,043	87,032	SH		SOLE		0	0	87,032
LILLY ELI & CO COM	COM	532457108	206,351	440	SH		SOLE		0	0	440
LOCKHEED MARTIN CORP	COM	539830109	9,535,735	20,712	SH		SOLE		0	0	20,712
LOWES COS INC COM	COM	548661107	712,083	3,155	SH		SOLE		0	0	3,155
MASTERCARD INC	COM	57636q104	216,315	550	SH		SOLE		0	0	550
MC CORMICK NON VTG	COM	579780206	973,050	11,155	SH		SOLE		0	0	11,155
MCDONALDS CORP COM	COM	580135101	416,281	1,395	SH		SOLE		0	0	1,395
MEDTRONIC PLC SHS	COM	G5960L103	6,853,739	77,795	SH		SOLE		0	0	77,795
MERCK AND CO INC SHS	COM	58933y105	12,501,496	108,341	SH		SOLE		0	0	108,341
META PLATFORMS INC CL A	COM	30303m102	598,353	2,085	SH		SOLE		0	0	2,085
MICROSOFT CORP	COM	594918104	28,120,461	82,576	SH		SOLE		0	0	82,576
MONDELEZ INTERNATIONAL INC	COM	609207105	8,175,425	112,084	SH		SOLE		0	0	112,084
NETFLIX COM INC	COM	64110l106	301,295	684	SH		SOLE		0	0	684
NEXTERA ENERGY INC COM	COM	65339F101	749,420	10,100	SH		SOLE		0	0	10,100
NORFOLK SOUTHERN CORP	COM	655844108	8,428,385	37,168	SH		SOLE		0	0	37,168
NVIDIA CORP COM	COM	67066G104	226,315	535	SH		SOLE		0	0	535
NXP SEMICONDUCTORS NV COM STK	COM	N6596X109	7,475,322	36,522	SH		SOLE		0	0	36,522
OTIS WORLDWIDE CORP	COM	68902v107	2,352,979	26,435	SH		SOLE		0	0	26,435
PEPSICO INC	COM	713448108	6,569,475	35,468	SH		SOLE		0	0	35,468
PFIZER INC COM	COM	717081103	371,495	10,128	SH		SOLE		0	0	10,128
PHILIP MORRIS INTL INC	COM	718172109	4,680,098	47,942	SH		SOLE		0	0	47,942
PINTEREST INC REG SHS CL A	COM	72352l106	263,147	9,625	SH		SOLE		0	0	9,625
PNC FINCL SERVICES GROUP	COM	693475105	1,256,099	9,973	SH		SOLE		0	0	9,973
PRICE T ROWE GROUP INC COM	COM	74144T108	667,191	5,956	SH		SOLE		0	0	5,956
PROCTER & GAMBLE CO	COM	742718109	10,500,156	69,198	SH		SOLE		0	0	69,198
PROLOGIS INC	COM	743410103	667,965	5,447	SH		SOLE		0	0	5,447
QUALCOMM INC	COM	747525103	9,891,688	83,095	SH		SOLE		0	0	83,095
RAYTHEON TECHNOLOGIES CORP COM	COM	75513E101	8,364,893	85,390	SH		SOLE		0	0	85,390
SCHLUMBERGER LTD	COM	806857108	1,127,549	22,955	SH		SOLE		0	0	22,955
SELECT SECTOR SPDR SPDR TR TE	COM	81369Y803	229,321	1,319	SH		SOLE		0	0	1,319
SERVICE CORP INTL COM	COM	817565104	322,950	5,000	SH		SOLE		0	0	5,000
SPDR DOW JONES INDL AVERAGE ET	COM	78467X109	3,895,132	11,328	SH		SOLE		0	0	11,328
SPDR S&P 500 ETF TR TR UNIT	COM	78462f103	1,856,899	4,189	SH		SOLE		0	0	4,189
SPDR S&P DIVIDEND ETF	COM	78464a763	1,398,515	11,409	SH		SOLE		0	0	11,409
STRYKER CORP	COM	863667101	317,293	1,040	SH		SOLE		0	0	1,040
SYSCO CORP COM	COM	871829107	1,443,115	19,449	SH		SOLE		0	0	19,449
TARGET CORP COM	COM	87612e106	9,657,124	73,215	SH		SOLE		0	0	73,215
TESLA INC	COM	88160r101	246,063	940	SH		SOLE		0	0	940
TJX COS INC NEW	COM	872540109	12,268,455	144,692	SH		SOLE		0	0	144,692
UNION PAC CORP COM	COM	907818108	694,480	3,394	SH		SOLE		0	0	3,394
UNITED PARCEL SVC CL B	COM	911312106	8,388,362	46,797	SH		SOLE		0	0	46,797
V F CORPORATION	COM	918204108	1,592,525	83,422	SH		SOLE		0	0	83,422
VERIZON COMMUNICATNS COM	COM	92343v104	4,498,297	120,954	SH		SOLE		0	0	120,954
VISA INC CL A SHRS	COM	92826c839	768,010	3,234	SH		SOLE		0	0	3,234
W R BERKLEY CORP	COM	084423102	297,800	5,000	SH		SOLE		0	0	5,000
WALMART INC COM	COM	931142103	373,459	2,376	SH		SOLE		0	0	2,376
WELLS FARGO & CO NEW DEL	COM	949746101	6,063,046	142,058	SH		SOLE		0	0	142,058
ZOETIS INC	COM	98978v103	7,744,111	44,969	SH		SOLE		0	0	44,969
ISHARES INC CORE MSCI EMERGI	INT	46434g103	460,713	9,347	SH		SOLE		0	0	9,347
ISHARES MSCI EAFE SMALL CAP	INT	464288273	304,749	5,167	SH		SOLE		0	0	5,167
ISHARES TR CORE MSCI EAFE ETF	INT	46432F842	895,860	13,272	SH		SOLE		0	0	13,272
SHELL PLC	INT	780259305	214,047	3,545	SH		SOLE		0	0	3,545
TAIWAN S MANUFCTRING ADR	INT	874039100	3,341,461	33,110	SH		SOLE		0	0	33,110
TRANSOCEAN LTD	INT	h8817h100	100,243	14,300	SH		SOLE		0	0	14,300
VANGUARD FTSE ALL WORLD EX US	INT	922042775	212,471	3,905	SH		SOLE		0	0	3,905
VANGUARD FTSE DEVELOPED MARKET	INT	921943858	576,649	12,487	SH		SOLE		0	0	12,487
VANGUARD FTSE EMERGING MARKET	INT	922042858	907,692	22,313	SH		SOLE		0	0	22,313