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	692	692	SH		SOLE		0	0	692
FIDELITY 500 INDEX FUND	MF	315911750	1,050	1,050	SH		SOLE		0	0	1,050
FIDELITY CONTRAFUND	MF	316071109	847	847	SH		SOLE		0	0	847
FRANKLIN INCOME ADV CL AD	MF	353496847	71	71	SH		SOLE		0	0	71
INVESCO GLOBAL CORE EQUITY CL	MF	00141L798	183	183	SH		SOLE		0	0	183
MFS MASSACHUSETTS INV TRUST CL	MF	575736400	580	580	SH		SOLE		0	0	580
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	600	600	SH		SOLE		0	0	600
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	270	270	SH		SOLE		0	0	270
PUTNAM MUNI OPPORTUNITIES TR S	MF	746922103	138	138	SH		SOLE		0	0	138
T ROWE PRICE ST TAX FREE INCOM	MF	77957R101	253	253	SH		SOLE		0	0	253
T. ROWE PRICE HIGH-YIELD	MF	741481105	69	69	SH		SOLE		0	0	69
T. ROWE PRICE SMALL-CAP VALUE	MF	77957Q103	353	353	SH		SOLE		0	0	353
VANGUARD WINDSOR FUND ADMIRAL	MF	922018304	441	441	SH		SOLE		0	0	441
3M CO.	COM	88579Y101	3,500	3,500	SH		SOLE		0	0	3,500
ABBOTT LABORATORIES	COM	002824100	7,098	7,098	SH		SOLE		0	0	7,098
ABBVIE INC	COM	00287Y109	1,706	1,706	SH		SOLE		0	0	1,706
ADOBE SYSTEMS INCORPORATED	COM	00724F101	3,199	3,199	SH		SOLE		0	0	3,199
AIR PRODUCTS & CHEMICALS	COM	009158106	216	216	SH		SOLE		0	0	216
ALLSTATE CORPORATION	COM	020002101	666	666	SH		SOLE		0	0	666
ALPHABET INC NON-VOTING CL C	COM	02079K107	5,184	5,184	SH		SOLE		0	0	5,184
ALPHABET INC VOTING CL A	COM	02079K305	510	510	SH		SOLE		0	0	510
ALTRIA GROUP	COM	02209S103	217	217	SH		SOLE		0	0	217
AMAZON.COM INC	COM	023135106	5,976	5,976	SH		SOLE		0	0	5,976
AMERICAN EXPRESS INC	COM	025816109	2,434	2,434	SH		SOLE		0	0	2,434
AMGEN INC	COM	031162100	1,008	1,008	SH		SOLE		0	0	1,008
ANADARKO PETROLEUM CORP	COM	032511107	393	393	SH		SOLE		0	0	393
APPLE INC	COM	037833100	6,533	6,533	SH		SOLE		0	0	6,533
AQUA AMERICA	COM	03836W103	5,474	5,474	SH		SOLE		0	0	5,474
ARCHER DANIELS MIDLAND CO	COM	039483102	1,152	1,152	SH		SOLE		0	0	1,152
AT&T CORP NEW	COM	00206R102	2,306	2,306	SH		SOLE		0	0	2,306
ATMOS ENERGY CORP	COM	049560105	1,550	1,550	SH		SOLE		0	0	1,550
BANK OF AMERICA	COM	060505104	952	952	SH		SOLE		0	0	952
BANK OF NEW YORK MELLON CORP	COM	064058100	982	982	SH		SOLE		0	0	982
BECTON DICKINSON	COM	075887109	9,813	9,813	SH		SOLE		0	0	9,813
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,284	4,284	SH		SOLE		0	0	4,284
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	713	713	SH		SOLE		0	0	713
BOEING	COM	097023105	3,192	3,192	SH		SOLE		0	0	3,192
BP PLC SPONS ADR	COM	055622104	310	310	SH		SOLE		0	0	310
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	833	833	SH		SOLE		0	0	833
C S X CORPORATION	COM	126408103	447	447	SH		SOLE		0	0	447
CABLE ONE INC	COM	12685J105	309	309	SH		SOLE		0	0	309
CATERPILLAR INCORPORATED	COM	149123101	4,664	4,664	SH		SOLE		0	0	4,664
CHEMOURS CO	COM	163851108	20,484	20,484	SH		SOLE		0	0	20,484
CHEVRON CORP	COM	166764100	6,693	6,693	SH		SOLE		0	0	6,693
CHURCH & DWIGHT CO INC	COM	171340102	10,172	10,172	SH		SOLE		0	0	10,172
CIMAREX ENERGY CO.	COM	171798101	247	247	SH		SOLE		0	0	247
CISCO SYSTEMS INC	COM	17275R102	6,060	6,060	SH		SOLE		0	0	6,060
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	0	SH		SOLE		0	0	0
COCA-COLA COMPANY	COM	191216100	1,993	1,993	SH		SOLE		0	0	1,993
COLGATE-PALMOLIVE COMPANY	COM	194162103	372	372	SH		SOLE		0	0	372
COMCAST CORP NEW CL A	COM	20030N101	285	285	SH		SOLE		0	0	285
CONOCOPHILLIPS	COM	20825C104	345	345	SH		SOLE		0	0	345
CORNING INC.	COM	219350105	734	734	SH		SOLE		0	0	734
CVS CAREMARK CORPORATION	COM	126650100	560	560	SH		SOLE		0	0	560
DANAHER CORP	COM	235851102	447	447	SH		SOLE		0	0	447
DENTSPLY SIRONA INC	COM	24906P109	1,792	1,792	SH		SOLE		0	0	1,792
DISCOVER FINANCIAL SERVICES	COM	254709108	512	512	SH		SOLE		0	0	512
DOMINION RESOURCES INC OF VA	COM	25746U109	3,730	3,730	SH		SOLE		0	0	3,730
DOWDUPONT INC.	COM	26078J100	177,401	177,401	SH		SOLE		0	0	177,401
DTE ENERGY	COM	233331107	332	332	SH		SOLE		0	0	332
DUKE ENERGY CORP	COM	26441C204	1,415	1,415	SH		SOLE		0	0	1,415
ELI LILLY & CO	COM	532457108	558	558	SH		SOLE		0	0	558
EMERSON ELECTRIC CO.	COM	291011104	856	856	SH		SOLE		0	0	856
ENBRIDGE INC.	COM	29250N105	845	845	SH		SOLE		0	0	845
EXELON CORP	COM	30161N101	220	220	SH		SOLE		0	0	220
EXXON MOBIL CORPORATION	COM	30231G102	10,618	10,618	SH		SOLE		0	0	10,618
FEDERAL REALTY INV TR S B I	COM	313747206	1,304	1,304	SH		SOLE		0	0	1,304
FEDEX CORP	COM	31428X106	4,846	4,846	SH		SOLE		0	0	4,846
FISERV INC	COM	337738108	220	220	SH		SOLE		0	0	220
FORTIVE CORP	COM	34959J108	237	237	SH		SOLE		0	0	237
FRANKLIN RESOURCES INC	COM	354613101	675	675	SH		SOLE		0	0	675
GENERAL ELECTRIC COMPANY	COM	369604103	1,811	1,811	SH		SOLE		0	0	1,811
GENERAL MILLS INC	COM	370334104	548	548	SH		SOLE		0	0	548
GRAHAM HOLDINGS CO.	COM	384637104	224	224	SH		SOLE		0	0	224
HERSHEY COMPANY	COM	427866108	1,301	1,301	SH		SOLE		0	0	1,301
HOME DEPOT	COM	437076102	847	847	SH		SOLE		0	0	847
HONEYWELL INTERNATIONAL INC	COM	438516106	2,250	2,250	SH		SOLE		0	0	2,250
ILLINOIS TOOL WORKS INC.	COM	452308109	8,474	8,474	SH		SOLE		0	0	8,474
INTEL CORP COM	COM	458140100	5,860	5,860	SH		SOLE		0	0	5,860
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,591	2,591	SH		SOLE		0	0	2,591
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	201	201	SH		SOLE		0	0	201
INTERNATIONAL PAPER CO	COM	460146103	230	230	SH		SOLE		0	0	230
INTUIT INC	COM	461202103	709	709	SH		SOLE		0	0	709
ISHARES MSCI EAFE INDEX	COM	464287465	384	384	SH		SOLE		0	0	384
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	4,756	4,756	SH		SOLE		0	0	4,756
ISHARES RUSSELL 2000 IDX	COM	464287655	4,392	4,392	SH		SOLE		0	0	4,392
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	5,863	5,863	SH		SOLE		0	0	5,863
JOHNSON & JOHNSON	COM	478160104	14,769	14,769	SH		SOLE		0	0	14,769
JPMORGAN CHASE & CO.	COM	46625H100	9,010	9,010	SH		SOLE		0	0	9,010
KELLOGG COMPANY	COM	487836108	2,472	2,472	SH		SOLE		0	0	2,472
KEYCORP	COM	493267108	186	186	SH		SOLE		0	0	186
KIMBERLY-CLARK CORP	COM	494368103	2,560	2,560	SH		SOLE		0	0	2,560
LABORATORY CORP OF AMERICA	COM	50540R409	643	643	SH		SOLE		0	0	643
LINDE PLC	COM	G5494J103	359	359	SH		SOLE		0	0	359
LOCKHEED MARTIN	COM	539830109	511	511	SH		SOLE		0	0	511
LOWES COS	COM	548661107	10,267	10,267	SH		SOLE		0	0	10,267
M & T BANK CORP	COM	55261F104	1,939	1,939	SH		SOLE		0	0	1,939
MANPOWER INC WISCONSIN	COM	56418H100	306	306	SH		SOLE		0	0	306
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	5,799	5,799	SH		SOLE		0	0	5,799
MC DONALD'S CORPORATION	COM	580135101	10,309	10,309	SH		SOLE		0	0	10,309
MEDTRONIC INC	COM	G5960L103	421	421	SH		SOLE		0	0	421
MERCK & COMPANY INCORPORATED N	COM	58933Y105	5,553	5,553	SH		SOLE		0	0	5,553
MICROSOFT CORPORATION	COM	594918104	13,202	13,202	SH		SOLE		0	0	13,202
MORGAN STANLEY & CO	COM	617446448	591	591	SH		SOLE		0	0	591
MOTOROLA SOLUTIONS, INC	COM	620076307	596	596	SH		SOLE		0	0	596
NEXTERA ENERGY	COM	65339F101	3,797	3,797	SH		SOLE		0	0	3,797
NORFOLK SOUTHERN CORP	COM	655844108	265	265	SH		SOLE		0	0	265
NORTHERN TRUST CORP	COM	665859104	869	869	SH		SOLE		0	0	869
ORACLE CORP	COM	68389X105	355	355	SH		SOLE		0	0	355
PEPSICO INCORPORATED	COM	713448108	10,339	10,339	SH		SOLE		0	0	10,339
PFIZER INCORPORATED	COM	717081103	1,643	1,643	SH		SOLE		0	0	1,643
PHILIP MORRIS INTERNATIONAL	COM	718172109	335	335	SH		SOLE		0	0	335
PHILLIPS 66	COM	718546104	399	399	SH		SOLE		0	0	399
PNC FINANCIAL SERVICES GROUP	COM	693475105	428	428	SH		SOLE		0	0	428
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	958	958	SH		SOLE		0	0	958
PROCTER & GAMBLE COMPANY	COM	742718109	12,497	12,497	SH		SOLE		0	0	12,497
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	255	255	SH		SOLE		0	0	255
SAUL CENTERS INC.	COM	804395101	330	330	SH		SOLE		0	0	330
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	254	254	SH		SOLE		0	0	254
SMUCKER J.M. CO	COM	832696405	468	468	SH		SOLE		0	0	468
SOUTHERN COMPANY (THE)	COM	842587107	2,447	2,447	SH		SOLE		0	0	2,447
SPDR S&P 500 ETF	COM	78462F103	282	282	SH		SOLE		0	0	282
SYSCO CORPORATION	COM	871829107	1,093	1,093	SH		SOLE		0	0	1,093
T ROWE PRICE GROUP INC.	COM	74144T108	9,401	9,401	SH		SOLE		0	0	9,401
TARGET CORP	COM	87612E106	411	411	SH		SOLE		0	0	411
TEXAS INSTRUMENTS	COM	882508104	611	611	SH		SOLE		0	0	611
THE TRAVELERS COS INC	COM	89417E109	495	495	SH		SOLE		0	0	495
THERMO FISHER SCIENTIFIC	COM	883556102	368	368	SH		SOLE		0	0	368
UDR INC	COM	902653104	814	814	SH		SOLE		0	0	814
UNILEVER	COM	904784709	258	258	SH		SOLE		0	0	258
UNION PACIFIC CORP	COM	907818108	5,074	5,074	SH		SOLE		0	0	5,074
UNITED HEALTHCARE CORP	COM	91324P102	6,166	6,166	SH		SOLE		0	0	6,166
UNITED TECHNOLOGIES CORP COM	COM	913017109	6,383	6,383	SH		SOLE		0	0	6,383
US BANCORP DEL (NEW)	COM	902973304	219	219	SH		SOLE		0	0	219
VANGUARD EMERGING MARKETS ETF	COM	922042858	711	711	SH		SOLE		0	0	711
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,169	1,169	SH		SOLE		0	0	1,169
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	36,647	36,647	SH		SOLE		0	0	36,647
VANGUARD MID CAP ETF	COM	922908629	4,634	4,634	SH		SOLE		0	0	4,634
VANGUARD REIT ETF	COM	922908553	434	434	SH		SOLE		0	0	434
VANGUARD S&P ETF	COM	922908363	917	917	SH		SOLE		0	0	917
VANGUARD SMALL CAP ETF	COM	922908751	3,586	3,586	SH		SOLE		0	0	3,586
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,091	2,091	SH		SOLE		0	0	2,091
VERIZON COMMUNICATIONS	COM	92343V104	3,288	3,288	SH		SOLE		0	0	3,288
VISA INC CLASS A	COM	92826C839	9,241	9,241	SH		SOLE		0	0	9,241
VULCAN MATERIALS CO	COM	929160109	237	237	SH		SOLE		0	0	237
WAL-MART STORES INC	COM	931142103	297	297	SH		SOLE		0	0	297
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	5,581	5,581	SH		SOLE		0	0	5,581
WALT DISNEY COMPANY	COM	254687106	6,443	6,443	SH		SOLE		0	0	6,443
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,054	2,054	SH		SOLE		0	0	2,054
WASTE CONNECTIONS INC	COM	94106B101	297	297	SH		SOLE		0	0	297
WEINGARTEN REALTY INVS S B I	COM	948741103	2,016	2,016	SH		SOLE		0	0	2,016
WELLS FARGO & CO. NEW	COM	949746101	6,023	6,023	SH		SOLE		0	0	6,023
WEYERHAEUSER CO	COM	962166104	299	299	SH		SOLE		0	0	299
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	357	357	SH		SOLE		0	0	357