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	742	16,453	SH		SOLE		0	0	16,453
FIDELITY 500 INDEX FUND	MF	315911750	1,194	12,057	SH		SOLE		0	0	12,057
FIDELITY CONTRAFUND	MF	316071109	971	77,642	SH		SOLE		0	0	77,642
FRANKLIN INCOME ADV CL AD	MF	353496847	76	33,257	SH		SOLE		0	0	33,257
INVESCO GLOBAL CORE EQUITY CL	MF	00141L798	206	14,415	SH		SOLE		0	0	14,415
MFS MASSACHUSETTS INV TRUST CL	MF	575736400	666	22,345	SH		SOLE		0	0	22,345
MFS SER GROWTH FUND CL I	MF	552985863	203	1,832	SH		SOLE		0	0	1,832
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	649	42,948	SH		SOLE		0	0	42,948
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	288	23,025	SH		SOLE		0	0	23,025
PUTNAM MUNI OPPORTUNITIES TR S	MF	746922103	150	12,262	SH		SOLE		0	0	12,262
T ROWE PRICE ST TAX FREE INCOM	MF	77957R101	258	23,997	SH		SOLE		0	0	23,997
T. ROWE PRICE BLUE CHIP GROWTH	MF	77954Q106	231	2,071	SH		SOLE		0	0	2,071
T. ROWE PRICE HIGH-YIELD	MF	741481105	73	11,268	SH		SOLE		0	0	11,268
T. ROWE PRICE SMALL-CAP VALUE	MF	77957Q103	398	8,846	SH		SOLE		0	0	8,846
VANGUARD WINDSOR FUND ADMIRAL	MF	922018304	601	9,719	SH		SOLE		0	0	9,719
3M CO.	COM	88579Y101	3,801	18,292	SH		SOLE		0	0	18,292
ABBOTT LABORATORIES	COM	002824100	7,806	97,652	SH		SOLE		0	0	97,652
ABBVIE INC	COM	00287Y109	1,475	18,302	SH		SOLE		0	0	18,302
ADOBE SYSTEMS INCORPORATED	COM	00724F101	3,796	14,245	SH		SOLE		0	0	14,245
AIR PRODUCTS & CHEMICALS	COM	009158106	258	1,351	SH		SOLE		0	0	1,351
ALLSTATE CORPORATION	COM	020002101	759	8,058	SH		SOLE		0	0	8,058
ALPHABET INC NON-VOTING CL C	COM	02079K107	6,535	5,570	SH		SOLE		0	0	5,570
ALPHABET INC VOTING CL A	COM	02079K305	574	488	SH		SOLE		0	0	488
ALTRIA GROUP	COM	02209S103	253	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	7,533	4,230	SH		SOLE		0	0	4,230
AMERICAN EXPRESS INC	COM	025816109	2,842	26,000	SH		SOLE		0	0	26,000
AMGEN INC	COM	031162100	983	5,176	SH		SOLE		0	0	5,176
ANADARKO PETROLEUM CORP	COM	032511107	425	9,344	SH		SOLE		0	0	9,344
APPLE INC	COM	037833100	7,911	41,647	SH		SOLE		0	0	41,647
AQUA AMERICA	COM	03836W103	5,900	161,919	SH		SOLE		0	0	161,919
ARCHER DANIELS MIDLAND CO	COM	039483102	1,212	28,111	SH		SOLE		0	0	28,111
AT&T CORP NEW	COM	00206R102	1,929	61,527	SH		SOLE		0	0	61,527
ATMOS ENERGY CORP	COM	049560105	1,743	16,935	SH		SOLE		0	0	16,935
BALL CORP	COM	058498106	226	3,900	SH		SOLE		0	0	3,900
BANK OF AMERICA	COM	060505104	1,123	40,718	SH		SOLE		0	0	40,718
BANK OF NEW YORK MELLON CORP	COM	064058100	1,052	20,864	SH		SOLE		0	0	20,864
BECTON DICKINSON	COM	075887109	10,847	43,436	SH		SOLE		0	0	43,436
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,916	13	SH		SOLE		0	0	13
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	702	3,494	SH		SOLE		0	0	3,494
BOEING	COM	097023105	3,775	9,898	SH		SOLE		0	0	9,898
BP PLC SPONS ADR	COM	055622104	331	7,567	SH		SOLE		0	0	7,567
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	764	16,023	SH		SOLE		0	0	16,023
C S X CORPORATION	COM	126408103	539	7,200	SH		SOLE		0	0	7,200
CABLE ONE INC	COM	12685J105	370	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	4,991	36,836	SH		SOLE		0	0	36,836
CHEMOURS CO	COM	163851108	26,974	725,884	SH		SOLE		0	0	725,884
CHEVRON CORP	COM	166764100	7,566	61,424	SH		SOLE		0	0	61,424
CHURCH & DWIGHT CO INC	COM	171340102	10,909	153,158	SH		SOLE		0	0	153,158
CIMAREX ENERGY CO.	COM	171798101	265	3,795	SH		SOLE		0	0	3,795
CISCO SYSTEMS INC	COM	17275R102	7,565	140,109	SH		SOLE		0	0	140,109
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	69,910	SH		SOLE		0	0	69,910
COCA-COLA COMPANY	COM	191216100	1,935	41,300	SH		SOLE		0	0	41,300
COLGATE-PALMOLIVE COMPANY	COM	194162103	429	6,252	SH		SOLE		0	0	6,252
COMCAST CORP NEW CL A	COM	20030N101	335	8,380	SH		SOLE		0	0	8,380
CONOCOPHILLIPS	COM	20825C104	369	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	804	24,300	SH		SOLE		0	0	24,300
CVS CAREMARK CORPORATION	COM	126650100	456	8,450	SH		SOLE		0	0	8,450
DANAHER CORP	COM	235851102	558	4,225	SH		SOLE		0	0	4,225
DENTSPLY SIRONA INC	COM	24906P109	2,232	45,007	SH		SOLE		0	0	45,007
DISCOVER FINANCIAL SERVICES	COM	254709108	617	8,677	SH		SOLE		0	0	8,677
DOMINION RESOURCES INC OF VA	COM	25746U109	4,057	52,926	SH		SOLE		0	0	52,926
DOVER CORPORATION	COM	260003108	214	2,285	SH		SOLE		0	0	2,285
DOWDUPONT INC.	COM	26078J100	176,837	3,317,146	SH		SOLE		0	0	3,317,146
DTE ENERGY	COM	233331107	376	3,011	SH		SOLE		0	0	3,011
DUKE ENERGY CORP	COM	26441C204	1,471	16,347	SH		SOLE		0	0	16,347
ELI LILLY & CO	COM	532457108	626	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	981	14,331	SH		SOLE		0	0	14,331
ENBRIDGE INC.	COM	29250N105	983	27,097	SH		SOLE		0	0	27,097
EXELON CORP	COM	30161N101	244	4,876	SH		SOLE		0	0	4,876
EXXON MOBIL CORPORATION	COM	30231G102	12,470	154,332	SH		SOLE		0	0	154,332
FEDERAL REALTY INV TR S B I	COM	313747206	1,533	11,119	SH		SOLE		0	0	11,119
FEDEX CORP	COM	31428X106	5,532	30,493	SH		SOLE		0	0	30,493
FISERV INC	COM	337738108	265	3,000	SH		SOLE		0	0	3,000
FORTIVE CORP	COM	34959J108	298	3,550	SH		SOLE		0	0	3,550
FRANKLIN RESOURCES INC	COM	354613101	751	22,669	SH		SOLE		0	0	22,669
GENERAL ELECTRIC COMPANY	COM	369604103	2,319	232,108	SH		SOLE		0	0	232,108
GENERAL MILLS INC	COM	370334104	729	14,079	SH		SOLE		0	0	14,079
GRAHAM HOLDINGS CO.	COM	384637104	238	349	SH		SOLE		0	0	349
HEALTH CARE PPTY INVS	COM	40414L109	207	6,624	SH		SOLE		0	0	6,624
HERSHEY COMPANY	COM	427866108	1,390	12,102	SH		SOLE		0	0	12,102
HOME DEPOT	COM	437076102	946	4,930	SH		SOLE		0	0	4,930
HONEYWELL INTERNATIONAL INC	COM	438516106	2,706	17,028	SH		SOLE		0	0	17,028
ILLINOIS TOOL WORKS INC.	COM	452308109	9,653	67,257	SH		SOLE		0	0	67,257
INTEL CORP COM	COM	458140100	6,708	124,908	SH		SOLE		0	0	124,908
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,184	22,567	SH		SOLE		0	0	22,567
INTERNATIONAL PAPER CO	COM	460146103	264	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	941	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	388	5,984	SH		SOLE		0	0	5,984
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	5,780	51,701	SH		SOLE		0	0	51,701
ISHARES RUSSELL 2000 IDX	COM	464287655	4,993	32,612	SH		SOLE		0	0	32,612
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,773	125,533	SH		SOLE		0	0	125,533
JOHNSON & JOHNSON	COM	478160104	15,901	113,749	SH		SOLE		0	0	113,749
JPMORGAN CHASE & CO.	COM	46625H100	9,478	93,632	SH		SOLE		0	0	93,632
KELLOGG COMPANY	COM	487836108	2,438	42,496	SH		SOLE		0	0	42,496
KEYCORP	COM	493267108	198	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,772	22,372	SH		SOLE		0	0	22,372
LABORATORY CORP OF AMERICA	COM	50540R409	824	5,387	SH		SOLE		0	0	5,387
LINDE PLC	COM	G5494J103	378	2,150	SH		SOLE		0	0	2,150
LOCKHEED MARTIN	COM	539830109	579	1,930	SH		SOLE		0	0	1,930
LOWES COS	COM	548661107	11,913	108,823	SH		SOLE		0	0	108,823
M & T BANK CORP	COM	55261F104	2,128	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	391	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	6,718	53,706	SH		SOLE		0	0	53,706
MC DONALD'S CORPORATION	COM	580135101	10,952	57,672	SH		SOLE		0	0	57,672
MEDTRONIC INC	COM	G5960L103	426	4,682	SH		SOLE		0	0	4,682
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,060	72,864	SH		SOLE		0	0	72,864
MICROSOFT CORPORATION	COM	594918104	15,281	129,564	SH		SOLE		0	0	129,564
MONDELEZ INTL INC	COM	609207105	237	4,747	SH		SOLE		0	0	4,747
MORGAN STANLEY & CO	COM	617446448	629	14,908	SH		SOLE		0	0	14,908
MOTOROLA SOLUTIONS, INC	COM	620076307	728	5,184	SH		SOLE		0	0	5,184
NATIONAL FUEL GAS CO	COM	636180101	233	3,818	SH		SOLE		0	0	3,818
NESTLE SA REG ADR	COM	641069406	210	2,200	SH		SOLE		0	0	2,200
NEXTERA ENERGY	COM	65339F101	4,250	21,982	SH		SOLE		0	0	21,982
NORFOLK SOUTHERN CORP	COM	655844108	327	1,750	SH		SOLE		0	0	1,750
NORTHERN TRUST CORP	COM	665859104	940	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	423	7,868	SH		SOLE		0	0	7,868
PEPSICO INCORPORATED	COM	713448108	11,520	93,999	SH		SOLE		0	0	93,999
PFIZER INCORPORATED	COM	717081103	1,590	37,445	SH		SOLE		0	0	37,445
PHILIP MORRIS INTERNATIONAL	COM	718172109	431	4,875	SH		SOLE		0	0	4,875
PHILLIPS 66	COM	718546104	440	4,626	SH		SOLE		0	0	4,626
PIONEER NAT RES CO	COM	723787107	228	1,500	SH		SOLE		0	0	1,500
PNC FINANCIAL SERVICES GROUP	COM	693475105	447	3,644	SH		SOLE		0	0	3,644
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	1,116	6,211	SH		SOLE		0	0	6,211
PROCTER & GAMBLE COMPANY	COM	742718109	14,114	135,649	SH		SOLE		0	0	135,649
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	285	4,800	SH		SOLE		0	0	4,800
RAYTHEON COMPANY NEW	COM	755111507	200	1,100	SH		SOLE		0	0	1,100
SAUL CENTERS INC.	COM	804395101	358	6,978	SH		SOLE		0	0	6,978
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	262	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	583	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	2,809	54,358	SH		SOLE		0	0	54,358
SPDR S&P 500 ETF	COM	78462F103	319	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,165	17,450	SH		SOLE		0	0	17,450
T ROWE PRICE GROUP INC.	COM	74144T108	10,194	101,814	SH		SOLE		0	0	101,814
TARGET CORP	COM	87612E106	499	6,220	SH		SOLE		0	0	6,220
TEXAS INSTRUMENTS	COM	882508104	686	6,465	SH		SOLE		0	0	6,465
THE TJX COMPANIES	COM	872540109	213	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	566	4,127	SH		SOLE		0	0	4,127
THERMO FISHER SCIENTIFIC	COM	883556102	450	1,645	SH		SOLE		0	0	1,645
UDR INC	COM	902653104	934	20,549	SH		SOLE		0	0	20,549
UNILEVER	COM	904784709	280	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	6,150	36,783	SH		SOLE		0	0	36,783
UNITED HEALTHCARE CORP	COM	91324P102	6,132	24,798	SH		SOLE		0	0	24,798
UNITED TECHNOLOGIES CORP COM	COM	913017109	7,717	59,870	SH		SOLE		0	0	59,870
US BANCORP DEL (NEW)	COM	902973304	230	4,781	SH		SOLE		0	0	4,781
VANGUARD EMERGING MARKETS ETF	COM	922042858	799	18,789	SH		SOLE		0	0	18,789
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,257	30,754	SH		SOLE		0	0	30,754
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	43,420	216,417	SH		SOLE		0	0	216,417
VANGUARD MID CAP ETF	COM	922908629	5,448	33,888	SH		SOLE		0	0	33,888
VANGUARD REIT ETF	COM	922908553	505	5,815	SH		SOLE		0	0	5,815
VANGUARD S&P ETF	COM	922908363	869	3,350	SH		SOLE		0	0	3,350
VANGUARD SMALL CAP ETF	COM	922908751	4,176	27,328	SH		SOLE		0	0	27,328
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,587	17,880	SH		SOLE		0	0	17,880
VERIZON COMMUNICATIONS	COM	92343V104	3,883	65,675	SH		SOLE		0	0	65,675
VISA INC CLASS A	COM	92826C839	10,729	68,691	SH		SOLE		0	0	68,691
VULCAN MATERIALS CO	COM	929160109	284	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	311	3,192	SH		SOLE		0	0	3,192
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	5,078	80,257	SH		SOLE		0	0	80,257
WALT DISNEY COMPANY	COM	254687106	6,923	62,352	SH		SOLE		0	0	62,352
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,521	88,825	SH		SOLE		0	0	88,825
WASTE CONNECTIONS INC	COM	94106B101	337	3,800	SH		SOLE		0	0	3,800
WEINGARTEN REALTY INVS S B I	COM	948741103	2,388	81,309	SH		SOLE		0	0	81,309
WELLS FARGO & CO. NEW	COM	949746101	5,917	122,465	SH		SOLE		0	0	122,465
WEYERHAEUSER CO	COM	962166104	338	12,837	SH		SOLE		0	0	12,837
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	427	3,340	SH		SOLE		0	0	3,340