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	3,234	20,729	SH		SOLE		0	0	20,729
ABBOTT LABORATORIES	COM	002824100	8,186	89,529	SH		SOLE		0	0	89,529
ABBVIE INC	COM	00287Y109	1,735	17,677	SH		SOLE		0	0	17,677
ADOBE SYSTEMS INCORPORATED	COM	00724F101	6,318	14,513	SH		SOLE		0	0	14,513
AIR PRODUCTS & CHEMICALS	COM	009158106	330	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	629	6,483	SH		SOLE		0	0	6,483
ALPHABET INC NON-VOTING CL C	COM	02079K107	8,892	6,290	SH		SOLE		0	0	6,290
ALPHABET INC VOTING CL A	COM	02079K305	692	488	SH		SOLE		0	0	488
AMAZON.COM INC	COM	023135106	11,968	4,338	SH		SOLE		0	0	4,338
AMERICAN ELECTRIC POWER	COM	025537101	208	2,606	SH		SOLE		0	0	2,606
AMERICAN EXPRESS INC	COM	025816109	2,569	26,980	SH		SOLE		0	0	26,980
AMGEN INC	COM	031162100	1,167	4,946	SH		SOLE		0	0	4,946
APPLE INC	COM	037833100	15,745	43,162	SH		SOLE		0	0	43,162
ARCHER DANIELS MIDLAND CO	COM	039483102	993	24,876	SH		SOLE		0	0	24,876
AT&T CORP NEW	COM	00206R102	1,839	60,842	SH		SOLE		0	0	60,842
ATMOS ENERGY CORP	COM	049560105	1,886	18,939	SH		SOLE		0	0	18,939
BANK OF AMERICA	COM	060505104	993	41,792	SH		SOLE		0	0	41,792
BANK OF NEW YORK MELLON CORP	COM	064058100	741	19,175	SH		SOLE		0	0	19,175
BECTON DICKINSON	COM	075887109	10,095	42,192	SH		SOLE		0	0	42,192
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	2,940	11	SH		SOLE		0	0	11
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	894	5,010	SH		SOLE		0	0	5,010
BOEING	COM	097023105	1,768	9,648	SH		SOLE		0	0	9,648
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	902	15,339	SH		SOLE		0	0	15,339
C S X CORPORATION	COM	126408103	488	7,000	SH		SOLE		0	0	7,000
CABLE ONE INC	COM	12685J105	669	377	SH		SOLE		0	0	377
CARRIER GLOBAL	COM	14448C104	422	18,992	SH		SOLE		0	0	18,992
CATERPILLAR INCORPORATED	COM	149123101	4,576	36,176	SH		SOLE		0	0	36,176
CHEMOURS CO	COM	163851108	10,789	702,885	SH		SOLE		0	0	702,885
CHEVRON CORP	COM	166764100	4,952	55,495	SH		SOLE		0	0	55,495
CHURCH & DWIGHT CO INC	COM	171340102	11,336	146,654	SH		SOLE		0	0	146,654
CISCO SYSTEMS INC	COM	17275R102	6,681	143,252	SH		SOLE		0	0	143,252
COCA-COLA COMPANY	COM	191216100	1,805	40,400	SH		SOLE		0	0	40,400
COLGATE-PALMOLIVE COMPANY	COM	194162103	447	6,102	SH		SOLE		0	0	6,102
COMCAST CORP NEW CL A	COM	20030N101	243	6,222	SH		SOLE		0	0	6,222
CONOCOPHILLIPS	COM	20825C104	233	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	629	24,300	SH		SOLE		0	0	24,300
CORTEVA INC	COM	22052L104	28,529	1,064,903	SH		SOLE		0	0	1,064,903
CVS CAREMARK CORPORATION	COM	126650100	517	7,950	SH		SOLE		0	0	7,950
DANAHER CORP	COM	235851102	739	4,180	SH		SOLE		0	0	4,180
DENTSPLY SIRONA INC	COM	24906P109	1,609	36,519	SH		SOLE		0	0	36,519
DISCOVER FINANCIAL SERVICES	COM	254709108	300	5,987	SH		SOLE		0	0	5,987
DOMINION RESOURCES INC OF VA	COM	25746U109	4,388	54,047	SH		SOLE		0	0	54,047
DOVER CORPORATION	COM	260003108	221	2,285	SH		SOLE		0	0	2,285
DOW CHEMICAL COMPANY (THE)	COM	260543103	44,886	1,101,223	SH		SOLE		0	0	1,101,223
DTE ENERGY	COM	233331107	324	3,011	SH		SOLE		0	0	3,011
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	58,585	1,102,680	SH		SOLE		0	0	1,102,680
DUKE ENERGY CORP	COM	26441C204	1,272	15,921	SH		SOLE		0	0	15,921
ELI LILLY & CO	COM	532457108	792	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	881	14,206	SH		SOLE		0	0	14,206
ENBRIDGE INC.	COM	29250N105	739	24,280	SH		SOLE		0	0	24,280
ESSENTIAL UTILITIES INC	COM	29670G102	6,805	161,105	SH		SOLE		0	0	161,105
EXXON MOBIL CORPORATION	COM	30231G102	6,474	144,768	SH		SOLE		0	0	144,768
FEDERAL REALTY INV TR S B I	COM	313747206	910	10,679	SH		SOLE		0	0	10,679
FEDEX CORP	COM	31428X106	3,982	28,399	SH		SOLE		0	0	28,399
FISERV INC	COM	337738108	302	3,090	SH		SOLE		0	0	3,090
FORTIVE CORP	COM	34959J108	266	3,938	SH		SOLE		0	0	3,938
FRANKLIN RESOURCES INC	COM	354613101	474	22,585	SH		SOLE		0	0	22,585
GENERAL ELECTRIC COMPANY	COM	369604103	1,189	174,031	SH		SOLE		0	0	174,031
GENERAL MILLS INC	COM	370334104	741	12,014	SH		SOLE		0	0	12,014
HEALTH PEAK PROPERTIES INC	COM	42250P103	207	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	1,525	11,762	SH		SOLE		0	0	11,762
HOME DEPOT	COM	437076102	1,195	4,770	SH		SOLE		0	0	4,770
HONEYWELL INTERNATIONAL INC	COM	438516106	2,836	19,613	SH		SOLE		0	0	19,613
ILLINOIS TOOL WORKS INC.	COM	452308109	10,894	62,303	SH		SOLE		0	0	62,303
INTEL CORP COM	COM	458140100	7,827	130,828	SH		SOLE		0	0	130,828
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,343	19,399	SH		SOLE		0	0	19,399
INTERNATIONAL PAPER CO	COM	460146103	201	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	1,066	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	330	5,424	SH		SOLE		0	0	5,424
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	7,279	53,251	SH		SOLE		0	0	53,251
ISHARES RUSSELL 2000 IDX	COM	464287655	4,369	30,514	SH		SOLE		0	0	30,514
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,331	118,119	SH		SOLE		0	0	118,119
JOHNSON & JOHNSON	COM	478160104	14,787	105,147	SH		SOLE		0	0	105,147
JPMORGAN CHASE & CO.	COM	46625H100	8,661	92,077	SH		SOLE		0	0	92,077
KELLOGG COMPANY	COM	487836108	2,678	40,536	SH		SOLE		0	0	40,536
KIMBERLY-CLARK CORP	COM	494368103	2,910	20,587	SH		SOLE		0	0	20,587
LABORATORY CORP OF AMERICA	COM	50540R409	1,074	6,467	SH		SOLE		0	0	6,467
LINDE PLC	COM	G5494J103	309	1,457	SH		SOLE		0	0	1,457
LOCKHEED MARTIN	COM	539830109	858	2,352	SH		SOLE		0	0	2,352
LOWES COS	COM	548661107	13,658	101,081	SH		SOLE		0	0	101,081
M & T BANK CORP	COM	55261F104	1,409	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	325	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	4,842	56,480	SH		SOLE		0	0	56,480
MC DONALD'S CORPORATION	COM	580135101	10,215	55,374	SH		SOLE		0	0	55,374
MEDTRONIC INC	COM	G5960L103	284	3,098	SH		SOLE		0	0	3,098
MERCK & COMPANY INCORPORATED N	COM	58933Y105	5,901	76,305	SH		SOLE		0	0	76,305
MICROSOFT CORPORATION	COM	594918104	25,173	123,695	SH		SOLE		0	0	123,695
MONDELEZ INTL INC	COM	609207105	245	4,797	SH		SOLE		0	0	4,797
MORGAN STANLEY & CO	COM	617446448	584	12,088	SH		SOLE		0	0	12,088
MOTOROLA SOLUTIONS, INC	COM	620076307	712	5,084	SH		SOLE		0	0	5,084
NESTLE SA REG ADR	COM	641069406	254	2,303	SH		SOLE		0	0	2,303
NEW YORK TIMES CL A	COM	650111107	202	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY	COM	65339F101	5,089	21,190	SH		SOLE		0	0	21,190
NIKE INC CLASS B	COM	654106103	203	2,073	SH		SOLE		0	0	2,073
NORFOLK SOUTHERN CORP	COM	655844108	269	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	825	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	439	7,949	SH		SOLE		0	0	7,949
OTIS WORLDWIDE INC	COM	68902V107	658	11,580	SH		SOLE		0	0	11,580
PEPSICO INCORPORATED	COM	713448108	11,927	90,180	SH		SOLE		0	0	90,180
PFIZER INCORPORATED	COM	717081103	1,208	36,945	SH		SOLE		0	0	36,945
PHILIP MORRIS INTERNATIONAL	COM	718172109	348	4,968	SH		SOLE		0	0	4,968
PHILLIPS 66	COM	718546104	327	4,542	SH		SOLE		0	0	4,542
PNC FINANCIAL SERVICES GROUP	COM	693475105	385	3,656	SH		SOLE		0	0	3,656
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	1,538	6,211	SH		SOLE		0	0	6,211
PROCTER & GAMBLE COMPANY	COM	742718109	15,235	127,417	SH		SOLE		0	0	127,417
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	221	4,490	SH		SOLE		0	0	4,490
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	4,977	80,766	SH		SOLE		0	0	80,766
SAUL CENTERS INC.	COM	804395101	225	6,978	SH		SOLE		0	0	6,978
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	254	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	530	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	2,604	50,231	SH		SOLE		0	0	50,231
SPDR S&P 500 ETF	COM	78462F103	348	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	999	18,282	SH		SOLE		0	0	18,282
T ROWE PRICE GROUP INC.	COM	74144T108	11,937	96,656	SH		SOLE		0	0	96,656
TARGET CORP	COM	87612E106	664	5,534	SH		SOLE		0	0	5,534
TEXAS INSTRUMENTS	COM	882508104	831	6,548	SH		SOLE		0	0	6,548
THE TJX COMPANIES	COM	872540109	202	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	453	3,969	SH		SOLE		0	0	3,969
THERMO FISHER SCIENTIFIC	COM	883556102	533	1,470	SH		SOLE		0	0	1,470
UDR INC	COM	902653104	715	19,117	SH		SOLE		0	0	19,117
UNILEVER	COM	904784709	256	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	5,766	34,107	SH		SOLE		0	0	34,107
UNITED HEALTHCARE CORP	COM	91324P102	6,908	23,421	SH		SOLE		0	0	23,421
VANGUARD EMERGING MARKETS ETF	COM	922042858	580	14,634	SH		SOLE		0	0	14,634
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	962	24,811	SH		SOLE		0	0	24,811
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	55,436	198,900	SH		SOLE		0	0	198,900
VANGUARD MID CAP ETF	COM	922908629	5,740	35,019	SH		SOLE		0	0	35,019
VANGUARD REIT ETF	COM	922908553	558	7,110	SH		SOLE		0	0	7,110
VANGUARD S&P ETF	COM	922908363	950	3,350	SH		SOLE		0	0	3,350
VANGUARD SMALL CAP ETF	COM	922908751	4,052	27,808	SH		SOLE		0	0	27,808
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,661	17,000	SH		SOLE		0	0	17,000
VERIZON COMMUNICATIONS	COM	92343V104	3,810	69,112	SH		SOLE		0	0	69,112
VISA INC CLASS A	COM	92826C839	12,152	62,909	SH		SOLE		0	0	62,909
VULCAN MATERIALS CO	COM	929160109	278	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	624	5,207	SH		SOLE		0	0	5,207
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	2,314	54,584	SH		SOLE		0	0	54,584
WALT DISNEY COMPANY	COM	254687106	6,888	61,767	SH		SOLE		0	0	61,767
WASH REAL ESTATE INV TRUST S B	COM	939653101	1,831	82,463	SH		SOLE		0	0	82,463
WASTE CONNECTIONS INC	COM	94106B101	280	3,000	SH		SOLE		0	0	3,000
WEINGARTEN REALTY INVS S B I	COM	948741103	1,417	74,881	SH		SOLE		0	0	74,881
WELLS FARGO & CO. NEW	COM	949746101	2,742	107,101	SH		SOLE		0	0	107,101
WEYERHAEUSER CO	COM	962166104	237	10,539	SH		SOLE		0	0	10,539
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	389	3,260	SH		SOLE		0	0	3,260