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
3M CO.	COM	88579Y101	3,073	18,692	SH		SOLE		0	0	18,692
ABBOTT LABORATORIES	COM	002824100	7,808	93,323	SH		SOLE		0	0	93,323
ABBVIE INC	COM	00287Y109	1,403	18,526	SH		SOLE		0	0	18,526
ADOBE SYSTEMS INCORPORATED	COM	00724F101	3,995	14,461	SH		SOLE		0	0	14,461
AIR PRODUCTS & CHEMICALS	COM	009158106	304	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	705	6,483	SH		SOLE		0	0	6,483
ALPHABET INC NON-VOTING CL C	COM	02079K107	7,813	6,409	SH		SOLE		0	0	6,409
ALPHABET INC VOTING CL A	COM	02079K305	598	490	SH		SOLE		0	0	490
AMAZON.COM INC	COM	023135106	7,563	4,357	SH		SOLE		0	0	4,357
AMERICAN ELECTRIC POWER	COM	025537101	244	2,606	SH		SOLE		0	0	2,606
AMERICAN EXPRESS INC	COM	025816109	3,314	28,020	SH		SOLE		0	0	28,020
AMGEN INC	COM	031162100	1,003	5,183	SH		SOLE		0	0	5,183
APPLE INC	COM	037833100	9,594	42,837	SH		SOLE		0	0	42,837
AQUA AMERICA	COM	03836W103	7,395	164,949	SH		SOLE		0	0	164,949
ARCHER DANIELS MIDLAND CO	COM	039483102	1,022	24,876	SH		SOLE		0	0	24,876
AT&T CORP NEW	COM	00206R102	2,280	60,253	SH		SOLE		0	0	60,253
ATMOS ENERGY CORP	COM	049560105	2,032	17,840	SH		SOLE		0	0	17,840
BALL CORP	COM	058498106	284	3,900	SH		SOLE		0	0	3,900
BANK OF AMERICA	COM	060505104	1,207	41,367	SH		SOLE		0	0	41,367
BANK OF NEW YORK MELLON CORP	COM	064058100	912	20,179	SH		SOLE		0	0	20,179
BECTON DICKINSON	COM	075887109	10,909	43,127	SH		SOLE		0	0	43,127
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,054	13	SH		SOLE		0	0	13
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	730	3,510	SH		SOLE		0	0	3,510
BOEING	COM	097023105	3,747	9,848	SH		SOLE		0	0	9,848
BP PLC SPONS ADR	COM	055622104	266	7,000	SH		SOLE		0	0	7,000
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	813	16,023	SH		SOLE		0	0	16,023
C S X CORPORATION	COM	126408103	485	7,000	SH		SOLE		0	0	7,000
CABLE ONE INC	COM	12685J105	473	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	4,607	36,471	SH		SOLE		0	0	36,471
CHEMOURS CO	COM	163851108	10,846	725,976	SH		SOLE		0	0	725,976
CHEVRON CORP	COM	166764100	6,891	58,102	SH		SOLE		0	0	58,102
CHURCH & DWIGHT CO INC	COM	171340102	11,358	150,963	SH		SOLE		0	0	150,963
CISCO SYSTEMS INC	COM	17275R102	7,051	142,707	SH		SOLE		0	0	142,707
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	69,910	SH		SOLE		0	0	69,910
COCA-COLA COMPANY	COM	191216100	2,280	41,882	SH		SOLE		0	0	41,882
COLGATE-PALMOLIVE COMPANY	COM	194162103	460	6,252	SH		SOLE		0	0	6,252
COMCAST CORP NEW CL A	COM	20030N101	434	9,632	SH		SOLE		0	0	9,632
CONOCOPHILLIPS	COM	20825C104	315	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	693	24,300	SH		SOLE		0	0	24,300
CORTEVA INC	COM	22052L104	30,970	1,106,079	SH		SOLE		0	0	1,106,079
CVS CAREMARK CORPORATION	COM	126650100	508	8,050	SH		SOLE		0	0	8,050
DANAHER CORP	COM	235851102	610	4,225	SH		SOLE		0	0	4,225
DEERE AND CO.	COM	244199105	211	1,250	SH		SOLE		0	0	1,250
DENTSPLY SIRONA INC	COM	24906P109	2,220	41,650	SH		SOLE		0	0	41,650
DISCOVER FINANCIAL SERVICES	COM	254709108	478	5,892	SH		SOLE		0	0	5,892
DOMINION RESOURCES INC OF VA	COM	25746U109	4,519	55,757	SH		SOLE		0	0	55,757
DOVER CORPORATION	COM	260003108	227	2,285	SH		SOLE		0	0	2,285
DOW CHEMICAL COMPANY (THE)	COM	260543103	52,644	1,104,798	SH		SOLE		0	0	1,104,798
DTE ENERGY	COM	233331107	400	3,011	SH		SOLE		0	0	3,011
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	78,790	1,104,897	SH		SOLE		0	0	1,104,897
DUKE ENERGY CORP	COM	26441C204	1,599	16,677	SH		SOLE		0	0	16,677
ELI LILLY & CO	COM	532457108	540	4,833	SH		SOLE		0	0	4,833
EMERSON ELECTRIC CO.	COM	291011104	950	14,206	SH		SOLE		0	0	14,206
ENBRIDGE INC.	COM	29250N105	937	26,714	SH		SOLE		0	0	26,714
EXELON CORP	COM	30161N101	238	4,936	SH		SOLE		0	0	4,936
EXXON MOBIL CORPORATION	COM	30231G102	10,692	151,420	SH		SOLE		0	0	151,420
FEDERAL REALTY INV TR S B I	COM	313747206	1,549	11,374	SH		SOLE		0	0	11,374
FEDEX CORP	COM	31428X106	4,463	30,658	SH		SOLE		0	0	30,658
FISERV INC	COM	337738108	320	3,090	SH		SOLE		0	0	3,090
FORTIVE CORP	COM	34959J108	308	4,488	SH		SOLE		0	0	4,488
FRANKLIN RESOURCES INC	COM	354613101	652	22,585	SH		SOLE		0	0	22,585
GENERAL ELECTRIC COMPANY	COM	369604103	1,893	211,703	SH		SOLE		0	0	211,703
GENERAL MILLS INC	COM	370334104	750	13,614	SH		SOLE		0	0	13,614
GRAHAM HOLDINGS CO.	COM	384637104	232	349	SH		SOLE		0	0	349
HEALTH CARE PPTY INVS	COM	40414L109	268	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	1,827	11,787	SH		SOLE		0	0	11,787
HOME DEPOT	COM	437076102	1,135	4,891	SH		SOLE		0	0	4,891
HONEYWELL INTERNATIONAL INC	COM	438516106	2,885	17,052	SH		SOLE		0	0	17,052
ILLINOIS TOOL WORKS INC.	COM	452308109	10,222	65,324	SH		SOLE		0	0	65,324
INTEL CORP COM	COM	458140100	6,706	130,134	SH		SOLE		0	0	130,134
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,141	21,602	SH		SOLE		0	0	21,602
INTERNATIONAL PAPER CO	COM	460146103	239	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	957	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	364	5,584	SH		SOLE		0	0	5,584
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	5,428	54,551	SH		SOLE		0	0	54,551
ISHARES RUSSELL 2000 IDX	COM	464287655	4,655	30,762	SH		SOLE		0	0	30,762
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,673	119,273	SH		SOLE		0	0	119,273
JOHNSON & JOHNSON	COM	478160104	14,091	108,908	SH		SOLE		0	0	108,908
JPMORGAN CHASE & CO.	COM	46625H100	11,225	95,379	SH		SOLE		0	0	95,379
KELLOGG COMPANY	COM	487836108	2,648	41,146	SH		SOLE		0	0	41,146
KEYCORP	COM	493267108	225	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,931	20,633	SH		SOLE		0	0	20,633
LABORATORY CORP OF AMERICA	COM	50540R409	1,033	6,147	SH		SOLE		0	0	6,147
LINDE PLC	COM	G5494J103	369	1,907	SH		SOLE		0	0	1,907
LOCKHEED MARTIN	COM	539830109	941	2,412	SH		SOLE		0	0	2,412
LOWES COS	COM	548661107	11,731	106,681	SH		SOLE		0	0	106,681
M & T BANK CORP	COM	55261F104	2,140	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	398	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	6,804	54,706	SH		SOLE		0	0	54,706
MC DONALD'S CORPORATION	COM	580135101	12,385	57,684	SH		SOLE		0	0	57,684
MEDTRONIC INC	COM	G5960L103	483	4,442	SH		SOLE		0	0	4,442
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,328	75,178	SH		SOLE		0	0	75,178
MICROSOFT CORPORATION	COM	594918104	17,577	126,425	SH		SOLE		0	0	126,425
MONDELEZ INTL INC	COM	609207105	265	4,797	SH		SOLE		0	0	4,797
MORGAN STANLEY & CO	COM	617446448	516	12,088	SH		SOLE		0	0	12,088
MOTOROLA SOLUTIONS, INC	COM	620076307	883	5,184	SH		SOLE		0	0	5,184
NESTLE SA REG ADR	COM	641069406	250	2,303	SH		SOLE		0	0	2,303
NEXTERA ENERGY	COM	65339F101	5,268	22,608	SH		SOLE		0	0	22,608
NORFOLK SOUTHERN CORP	COM	655844108	275	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	971	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	437	7,949	SH		SOLE		0	0	7,949
PEPSICO INCORPORATED	COM	713448108	12,751	93,004	SH		SOLE		0	0	93,004
PFIZER INCORPORATED	COM	717081103	1,348	37,522	SH		SOLE		0	0	37,522
PHILIP MORRIS INTERNATIONAL	COM	718172109	377	4,968	SH		SOLE		0	0	4,968
PHILLIPS 66	COM	718546104	475	4,638	SH		SOLE		0	0	4,638
PNC FINANCIAL SERVICES GROUP	COM	693475105	513	3,659	SH		SOLE		0	0	3,659
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	1,173	6,211	SH		SOLE		0	0	6,211
PROCTER & GAMBLE COMPANY	COM	742718109	16,306	131,099	SH		SOLE		0	0	131,099
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	281	4,525	SH		SOLE		0	0	4,525
RAYTHEON COMPANY NEW	COM	755111507	216	1,100	SH		SOLE		0	0	1,100
SAUL CENTERS INC.	COM	804395101	380	6,978	SH		SOLE		0	0	6,978
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	291	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	551	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,242	52,487	SH		SOLE		0	0	52,487
SPDR S&P 500 ETF	COM	78462F103	335	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,387	17,467	SH		SOLE		0	0	17,467
T ROWE PRICE GROUP INC.	COM	74144T108	11,463	100,329	SH		SOLE		0	0	100,329
TARGET CORP	COM	87612E106	615	5,756	SH		SOLE		0	0	5,756
TEXAS INSTRUMENTS	COM	882508104	846	6,548	SH		SOLE		0	0	6,548
THE TJX COMPANIES	COM	872540109	223	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	614	4,127	SH		SOLE		0	0	4,127
THERMO FISHER SCIENTIFIC	COM	883556102	465	1,595	SH		SOLE		0	0	1,595
UDR INC	COM	902653104	996	20,549	SH		SOLE		0	0	20,549
UNILEVER	COM	904784709	288	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	5,958	36,783	SH		SOLE		0	0	36,783
UNITED HEALTHCARE CORP	COM	91324P102	5,296	24,368	SH		SOLE		0	0	24,368
UNITED TECHNOLOGIES CORP COM	COM	913017109	8,017	58,723	SH		SOLE		0	0	58,723
US BANCORP DEL (NEW)	COM	902973304	254	4,585	SH		SOLE		0	0	4,585
VANGUARD EMERGING MARKETS ETF	COM	922042858	722	17,924	SH		SOLE		0	0	17,924
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,138	27,699	SH		SOLE		0	0	27,699
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	45,359	210,434	SH		SOLE		0	0	210,434
VANGUARD MID CAP ETF	COM	922908629	5,812	34,679	SH		SOLE		0	0	34,679
VANGUARD REIT ETF	COM	922908553	663	7,110	SH		SOLE		0	0	7,110
VANGUARD S&P ETF	COM	922908363	913	3,350	SH		SOLE		0	0	3,350
VANGUARD SMALL CAP ETF	COM	922908751	4,256	27,658	SH		SOLE		0	0	27,658
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,760	18,280	SH		SOLE		0	0	18,280
VERIZON COMMUNICATIONS	COM	92343V104	4,380	72,563	SH		SOLE		0	0	72,563
VISA INC CLASS A	COM	92826C839	11,217	65,211	SH		SOLE		0	0	65,211
VULCAN MATERIALS CO	COM	929160109	363	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	414	3,492	SH		SOLE		0	0	3,492
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	4,209	76,100	SH		SOLE		0	0	76,100
WALT DISNEY COMPANY	COM	254687106	8,333	63,942	SH		SOLE		0	0	63,942
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,341	85,555	SH		SOLE		0	0	85,555
WASTE CONNECTIONS INC	COM	94106B101	350	3,800	SH		SOLE		0	0	3,800
WEINGARTEN REALTY INVS S B I	COM	948741103	2,283	78,382	SH		SOLE		0	0	78,382
WELLS FARGO & CO. NEW	COM	949746101	5,615	111,316	SH		SOLE		0	0	111,316
WEYERHAEUSER CO	COM	962166104	292	10,539	SH		SOLE		0	0	10,539
WHITE MOUNTAINS INS.	COM	G9618E107	215	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	226	1,995	SH		SOLE		0	0	1,995
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	458	3,340	SH		SOLE		0	0	3,340