Folger Nolan Fleming Douglas 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

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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
AMERICAN FUNDS WASHINGTON MUTU	MF	939330825	808	17,317	SH		SOLE		0	0	17,317
FIDELITY 500 INDEX CL I	MF	315911768	1,233	12,057	SH		SOLE		0	0	12,057
FIDELITY CONTRAFUND	MF	316071109	1,012	71,793	SH		SOLE		0	0	71,793
FRANKLIN INCOME ADV CL AD	MF	353496847	76	33,257	SH		SOLE		0	0	33,257
INVESCO GLOBAL CORE EQUITY CL	MF	00141L798	217	13,481	SH		SOLE		0	0	13,481
MFS MASSACHUSETTS INV TRUST CL	MF	575736400	696	20,617	SH		SOLE		0	0	20,617
MFS SER GROWTH FUND CL I	MF	552985863	203	1,767	SH		SOLE		0	0	1,767
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	625	42,948	SH		SOLE		0	0	42,948
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	271	23,025	SH		SOLE		0	0	23,025
PUTNAM MUNI OPPORTUNITIES TR S	MF	746922103	140	12,262	SH		SOLE		0	0	12,262
T ROWE PRICE ST TAX FREE INCOM	MF	77957R101	252	23,997	SH		SOLE		0	0	23,997
T. ROWE PRICE BLUE CHIP GROWTH	MF	77954Q106	237	2,071	SH		SOLE		0	0	2,071
T. ROWE PRICE HIGH-YIELD	MF	741481105	74	11,268	SH		SOLE		0	0	11,268
T. ROWE PRICE SMALL-CAP VALUE	MF	77957Q103	474	8,846	SH		SOLE		0	0	8,846
3M CO.	COM	88579Y101	3,868	18,357	SH		SOLE		0	0	18,357
ABBOTT LABORATORIES	COM	002824100	7,168	97,710	SH		SOLE		0	0	97,710
ABBVIE INC	COM	00287Y109	1,771	18,727	SH		SOLE		0	0	18,727
ADOBE SYSTEMS INCORPORATED	COM	00724F101	3,711	13,747	SH		SOLE		0	0	13,747
AIR PRODUCTS & CHEMICALS	COM	009158106	226	1,351	SH		SOLE		0	0	1,351
ALLSTATE CORPORATION	COM	020002101	795	8,058	SH		SOLE		0	0	8,058
ALPHABET INC NON-VOTING CL C	COM	02079K107	4,220	3,536	SH		SOLE		0	0	3,536
ALPHABET INC VOTING CL A	COM	02079K305	612	507	SH		SOLE		0	0	507
ALTRIA GROUP	COM	02209S103	265	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	7,623	3,806	SH		SOLE		0	0	3,806
AMERICAN EXPRESS INC	COM	025816109	2,657	24,950	SH		SOLE		0	0	24,950
AMGEN INC	COM	031162100	1,083	5,226	SH		SOLE		0	0	5,226
ANADARKO PETROLEUM CORP	COM	032511107	521	7,734	SH		SOLE		0	0	7,734
APACHE CORP	COM	037411105	244	5,110	SH		SOLE		0	0	5,110
APPLE INC	COM	037833100	9,091	40,271	SH		SOLE		0	0	40,271
AQUA AMERICA	COM	03836W103	5,761	156,135	SH		SOLE		0	0	156,135
ARCHER DANIELS MIDLAND CO	COM	039483102	1,413	28,111	SH		SOLE		0	0	28,111
AT&T CORP NEW	COM	00206R102	3,074	91,530	SH		SOLE		0	0	91,530
ATMOS ENERGY CORP	COM	049560105	1,554	16,545	SH		SOLE		0	0	16,545
BANK OF AMERICA	COM	060505104	1,132	38,428	SH		SOLE		0	0	38,428
BANK OF NEW YORK MELLON CORP	COM	064058100	1,064	20,864	SH		SOLE		0	0	20,864
BECTON DICKINSON	COM	075887109	11,267	43,170	SH		SOLE		0	0	43,170
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,480	14	SH		SOLE		0	0	14
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	748	3,494	SH		SOLE		0	0	3,494
BOEING	COM	097023105	3,681	9,898	SH		SOLE		0	0	9,898
BP PLC SPONS ADR	COM	055622104	376	8,164	SH		SOLE		0	0	8,164
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	995	16,023	SH		SOLE		0	0	16,023
C S X CORPORATION	COM	126408103	533	7,200	SH		SOLE		0	0	7,200
CABLE ONE INC	COM	12685J105	333	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	5,501	36,076	SH		SOLE		0	0	36,076
CHEMOURS CO	COM	163851108	28,917	733,185	SH		SOLE		0	0	733,185
CHEVRON CORP	COM	166764100	7,493	61,279	SH		SOLE		0	0	61,279
CHURCH & DWIGHT CO INC	COM	171340102	9,212	155,158	SH		SOLE		0	0	155,158
CIMAREX ENERGY CO.	COM	171798101	372	4,000	SH		SOLE		0	0	4,000
CISCO SYSTEMS INC	COM	17275R102	6,737	138,484	SH		SOLE		0	0	138,484
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	69,910	SH		SOLE		0	0	69,910
COCA-COLA COMPANY	COM	191216100	1,949	42,200	SH		SOLE		0	0	42,200
COLGATE-PALMOLIVE COMPANY	COM	194162103	426	6,357	SH		SOLE		0	0	6,357
COMCAST CORP NEW CL A	COM	20030N101	436	12,320	SH		SOLE		0	0	12,320
CONOCOPHILLIPS	COM	20825C104	428	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	858	24,300	SH		SOLE		0	0	24,300
CVS CAREMARK CORPORATION	COM	126650100	642	8,150	SH		SOLE		0	0	8,150
DANAHER CORP	COM	235851102	460	4,236	SH		SOLE		0	0	4,236
DELL TECHNOLOGIES CL V	COM	24703L103	291	2,993	SH		SOLE		0	0	2,993
DENTSPLY SIRONA INC	COM	24906P109	2,287	60,595	SH		SOLE		0	0	60,595
DISCOVER FINANCIAL SERVICES	COM	254709108	663	8,677	SH		SOLE		0	0	8,677
DOMINION RESOURCES INC OF VA	COM	25746U109	3,588	51,056	SH		SOLE		0	0	51,056
DOVER CORPORATION	COM	260003108	202	2,285	SH		SOLE		0	0	2,285
DOWDUPONT INC.	COM	26078J100	213,375	3,317,915	SH		SOLE		0	0	3,317,915
DTE ENERGY	COM	233331107	329	3,011	SH		SOLE		0	0	3,011
DUKE ENERGY CORP	COM	26441C204	1,314	16,417	SH		SOLE		0	0	16,417
ELI LILLY & CO	COM	532457108	517	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	1,099	14,354	SH		SOLE		0	0	14,354
ENBRIDGE INC.	COM	29250N105	893	27,649	SH		SOLE		0	0	27,649
EXELON CORP	COM	30161N101	215	4,922	SH		SOLE		0	0	4,922
EXPRESS SCRIPTS HLDG CO	COM	30219G108	337	3,550	SH		SOLE		0	0	3,550
EXXON MOBIL CORPORATION	COM	30231G102	13,006	152,970	SH		SOLE		0	0	152,970
FEDERAL REALTY INV TR S B I	COM	313747206	1,353	10,694	SH		SOLE		0	0	10,694
FEDEX CORP	COM	31428X106	6,848	28,440	SH		SOLE		0	0	28,440
FISERV INC	COM	337738108	247	3,000	SH		SOLE		0	0	3,000
FORTIVE CORP	COM	34959J108	274	3,255	SH		SOLE		0	0	3,255
FRANKLIN RESOURCES INC	COM	354613101	706	23,219	SH		SOLE		0	0	23,219
GENERAL ELECTRIC COMPANY	COM	369604103	3,797	336,286	SH		SOLE		0	0	336,286
GENERAL MILLS INC	COM	370334104	620	14,434	SH		SOLE		0	0	14,434
GRAHAM HOLDINGS CO.	COM	384637104	202	349	SH		SOLE		0	0	349
HARLEY DAVIDSON INC	COM	412822108	208	4,600	SH		SOLE		0	0	4,600
HERSHEY COMPANY	COM	427866108	1,240	12,152	SH		SOLE		0	0	12,152
HOME DEPOT	COM	437076102	1,021	4,930	SH		SOLE		0	0	4,930
HONEYWELL INTERNATIONAL INC	COM	438516106	2,833	17,028	SH		SOLE		0	0	17,028
ILLINOIS TOOL WORKS INC.	COM	452308109	9,285	65,792	SH		SOLE		0	0	65,792
INTEL CORP COM	COM	458140100	5,886	124,458	SH		SOLE		0	0	124,458
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,814	25,221	SH		SOLE		0	0	25,221
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	209	1,500	SH		SOLE		0	0	1,500
INTERNATIONAL PAPER CO	COM	460146103	281	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	819	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	445	6,539	SH		SOLE		0	0	6,539
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	5,893	48,331	SH		SOLE		0	0	48,331
ISHARES RUSSELL 2000 IDX	COM	464287655	5,532	32,824	SH		SOLE		0	0	32,824
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,869	31,151	SH		SOLE		0	0	31,151
JOHNSON & JOHNSON	COM	478160104	15,757	114,042	SH		SOLE		0	0	114,042
JPMORGAN CHASE & CO.	COM	46625H100	10,320	91,457	SH		SOLE		0	0	91,457
KELLOGG COMPANY	COM	487836108	3,056	43,641	SH		SOLE		0	0	43,641
KEYCORP	COM	493267108	251	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,554	22,472	SH		SOLE		0	0	22,472
LABORATORY CORP OF AMERICA	COM	50540R409	791	4,557	SH		SOLE		0	0	4,557
LOCKHEED MARTIN	COM	539830109	675	1,950	SH		SOLE		0	0	1,950
LOWES COS	COM	548661107	12,715	110,738	SH		SOLE		0	0	110,738
M & T BANK CORP	COM	55261F104	2,230	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	406	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	6,748	51,106	SH		SOLE		0	0	51,106
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	206	1,846	SH		SOLE		0	0	1,846
MC DONALD'S CORPORATION	COM	580135101	9,797	58,564	SH		SOLE		0	0	58,564
MEDTRONIC INC	COM	G5960L103	456	4,632	SH		SOLE		0	0	4,632
MERCK & COMPANY INCORPORATED N	COM	58933Y105	5,108	71,999	SH		SOLE		0	0	71,999
MICROSOFT CORPORATION	COM	594918104	15,014	131,277	SH		SOLE		0	0	131,277
MONDELEZ INTL INC	COM	609207105	204	4,747	SH		SOLE		0	0	4,747
MORGAN STANLEY & CO	COM	617446448	694	14,908	SH		SOLE		0	0	14,908
MOTOROLA SOLUTIONS, INC	COM	620076307	675	5,184	SH		SOLE		0	0	5,184
NATIONAL FUEL GAS CO	COM	636180101	217	3,868	SH		SOLE		0	0	3,868
NEXTERA ENERGY	COM	65339F101	3,652	21,792	SH		SOLE		0	0	21,792
NORFOLK SOUTHERN CORP	COM	655844108	325	1,800	SH		SOLE		0	0	1,800
NORTHERN TRUST CORP	COM	665859104	1,062	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	457	8,868	SH		SOLE		0	0	8,868
PEPSICO INCORPORATED	COM	713448108	10,446	93,431	SH		SOLE		0	0	93,431
PFIZER INCORPORATED	COM	717081103	1,670	37,895	SH		SOLE		0	0	37,895
PHILIP MORRIS INTERNATIONAL	COM	718172109	410	5,025	SH		SOLE		0	0	5,025
PHILLIPS 66	COM	718546104	521	4,626	SH		SOLE		0	0	4,626
PIONEER NAT RES CO	COM	723787107	261	1,500	SH		SOLE		0	0	1,500
PNC FINANCIAL SERVICES GROUP	COM	693475105	499	3,664	SH		SOLE		0	0	3,664
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	1,154	6,211	SH		SOLE		0	0	6,211
PRAXAIR INC	COM	74005P104	385	2,396	SH		SOLE		0	0	2,396
PROCTER & GAMBLE COMPANY	COM	742718109	11,321	136,022	SH		SOLE		0	0	136,022
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	277	5,250	SH		SOLE		0	0	5,250
RAYTHEON COMPANY NEW	COM	755111507	227	1,100	SH		SOLE		0	0	1,100
ROYAL DUTCH SHELL PLC CL A	COM	780259206	205	3,009	SH		SOLE		0	0	3,009
SAUL CENTERS INC.	COM	804395101	391	6,978	SH		SOLE		0	0	6,978
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	253	4,800	SH		SOLE		0	0	4,800
SMUCKER J.M. CO	COM	832696405	514	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	2,616	60,011	SH		SOLE		0	0	60,011
SPDR S&P 500 ETF	COM	78462F103	328	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,278	17,450	SH		SOLE		0	0	17,450
T ROWE PRICE GROUP INC.	COM	74144T108	10,998	100,729	SH		SOLE		0	0	100,729
TARGET CORP	COM	87612E106	554	6,280	SH		SOLE		0	0	6,280
TEXAS INSTRUMENTS	COM	882508104	694	6,465	SH		SOLE		0	0	6,465
THE TJX COMPANIES	COM	872540109	224	2,000	SH		SOLE		0	0	2,000
THE TRAVELERS COS INC	COM	89417E109	537	4,137	SH		SOLE		0	0	4,137
THERMO FISHER SCIENTIFIC	COM	883556102	414	1,695	SH		SOLE		0	0	1,695
UDR INC	COM	902653104	835	20,649	SH		SOLE		0	0	20,649
UNILEVER	COM	904784709	267	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	5,893	36,193	SH		SOLE		0	0	36,193
UNITED HEALTHCARE CORP	COM	91324P102	6,586	24,756	SH		SOLE		0	0	24,756
UNITED TECHNOLOGIES CORP COM	COM	913017109	8,384	59,970	SH		SOLE		0	0	59,970
US BANCORP DEL (NEW)	COM	902973304	253	4,781	SH		SOLE		0	0	4,781
VANGUARD EMERGING MARKETS ETF	COM	922042858	753	18,354	SH		SOLE		0	0	18,354
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,358	31,394	SH		SOLE		0	0	31,394
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	45,189	223,089	SH		SOLE		0	0	223,089
VANGUARD MID CAP ETF	COM	922908629	5,341	32,527	SH		SOLE		0	0	32,527
VANGUARD REIT ETF	COM	922908553	407	5,050	SH		SOLE		0	0	5,050
VANGUARD S&P ETF	COM	922908363	1,066	3,992	SH		SOLE		0	0	3,992
VANGUARD SMALL CAP ETF	COM	922908751	4,302	26,459	SH		SOLE		0	0	26,459
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,377	15,885	SH		SOLE		0	0	15,885
VERIZON COMMUNICATIONS	COM	92343V104	2,821	52,837	SH		SOLE		0	0	52,837
VISA INC CLASS A	COM	92826C839	10,555	70,325	SH		SOLE		0	0	70,325
VULCAN MATERIALS CO	COM	929160109	267	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	300	3,192	SH		SOLE		0	0	3,192
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	5,957	81,712	SH		SOLE		0	0	81,712
WALT DISNEY COMPANY	COM	254687106	6,776	57,946	SH		SOLE		0	0	57,946
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,729	89,025	SH		SOLE		0	0	89,025
WASTE CONNECTIONS INC	COM	94106B101	319	4,000	SH		SOLE		0	0	4,000
WEINGARTEN REALTY INVS S B I	COM	948741103	2,468	82,944	SH		SOLE		0	0	82,944
WELLS FARGO & CO. NEW	COM	949746101	6,879	130,870	SH		SOLE		0	0	130,870
WEYERHAEUSER CO	COM	962166104	469	14,538	SH		SOLE		0	0	14,538
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	479	3,642	SH		SOLE		0	0	3,642