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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	4,342	22,534	SH		SOLE		0	0	22,534
ABBOTT LABORATORIES	COM	002824100	10,725	89,495	SH		SOLE		0	0	89,495
ABBVIE INC	COM	00287Y109	1,913	17,677	SH		SOLE		0	0	17,677
ADOBE SYSTEMS INCORPORATED	COM	00724F101	7,191	15,127	SH		SOLE		0	0	15,127
AIR PRODUCTS & CHEMICALS	COM	009158106	385	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	745	6,483	SH		SOLE		0	0	6,483
ALPHABET INC NON-VOTING CL C	COM	02079K107	13,138	6,351	SH		SOLE		0	0	6,351
ALPHABET INC VOTING CL A	COM	02079K305	1,062	515	SH		SOLE		0	0	515
ALTRIA GROUP	COM	02209S103	225	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	13,923	4,500	SH		SOLE		0	0	4,500
AMERICAN ELECTRIC POWER	COM	025537101	221	2,606	SH		SOLE		0	0	2,606
AMERICAN EXPRESS INC	COM	025816109	3,886	27,472	SH		SOLE		0	0	27,472
AMGEN INC	COM	031162100	1,241	4,986	SH		SOLE		0	0	4,986
APPLE INC	COM	037833100	22,105	180,965	SH		SOLE		0	0	180,965
ARCHER DANIELS MIDLAND CO	COM	039483102	1,418	24,876	SH		SOLE		0	0	24,876
AT&T CORP NEW	COM	00206R102	1,691	55,876	SH		SOLE		0	0	55,876
ATMOS ENERGY CORP	COM	049560105	2,124	21,492	SH		SOLE		0	0	21,492
BANK OF AMERICA	COM	060505104	1,582	40,902	SH		SOLE		0	0	40,902
BANK OF NEW YORK MELLON CORP	COM	064058100	906	19,150	SH		SOLE		0	0	19,150
BECTON DICKINSON	COM	075887109	10,525	43,286	SH		SOLE		0	0	43,286
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,471	9	SH		SOLE		0	0	9
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,248	4,885	SH		SOLE		0	0	4,885
BOEING	COM	097023105	2,452	9,628	SH		SOLE		0	0	9,628
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	903	14,303	SH		SOLE		0	0	14,303
C S X CORPORATION	COM	126408103	675	7,000	SH		SOLE		0	0	7,000
CABLE ONE INC	COM	12685J105	706	386	SH		SOLE		0	0	386
CARRIER GLOBAL	COM	14448C104	657	15,571	SH		SOLE		0	0	15,571
CATERPILLAR INCORPORATED	COM	149123101	8,138	35,097	SH		SOLE		0	0	35,097
CHEMOURS CO	COM	163851108	19,197	687,812	SH		SOLE		0	0	687,812
CHEVRON CORP	COM	166764100	5,834	55,670	SH		SOLE		0	0	55,670
CHURCH & DWIGHT CO INC	COM	171340102	12,630	144,586	SH		SOLE		0	0	144,586
CIMAREX ENERGY CO.	COM	171798101	218	3,665	SH		SOLE		0	0	3,665
CISCO SYSTEMS INC	COM	17275R102	7,434	143,762	SH		SOLE		0	0	143,762
COCA-COLA COMPANY	COM	191216100	2,068	39,228	SH		SOLE		0	0	39,228
COLGATE-PALMOLIVE COMPANY	COM	194162103	446	5,652	SH		SOLE		0	0	5,652
COMCAST CORP NEW CL A	COM	20030N101	337	6,222	SH		SOLE		0	0	6,222
CONOCOPHILLIPS	COM	20825C104	288	5,434	SH		SOLE		0	0	5,434
CORNING INC.	COM	219350105	1,057	24,300	SH		SOLE		0	0	24,300
CORTEVA INC	COM	22052L104	49,616	1,064,267	SH		SOLE		0	0	1,064,267
CVS CAREMARK CORPORATION	COM	126650100	648	8,620	SH		SOLE		0	0	8,620
DANAHER CORP	COM	235851102	873	3,880	SH		SOLE		0	0	3,880
DEERE AND CO.	COM	244199105	458	1,225	SH		SOLE		0	0	1,225
DENTSPLY SIRONA INC	COM	24906P109	2,107	33,025	SH		SOLE		0	0	33,025
DISCOVER FINANCIAL SERVICES	COM	254709108	560	5,892	SH		SOLE		0	0	5,892
DOMINION RESOURCES INC OF VA	COM	25746U109	4,092	53,864	SH		SOLE		0	0	53,864
DOVER CORPORATION	COM	260003108	313	2,285	SH		SOLE		0	0	2,285
DOW CHEMICAL COMPANY (THE)	COM	260543103	70,296	1,099,405	SH		SOLE		0	0	1,099,405
DTE ENERGY	COM	233331107	401	3,011	SH		SOLE		0	0	3,011
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	71,672	927,431	SH		SOLE		0	0	927,431
DUKE ENERGY CORP	COM	26441C204	1,425	14,767	SH		SOLE		0	0	14,767
ELI LILLY & CO	COM	532457108	901	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	1,254	13,901	SH		SOLE		0	0	13,901
ENBRIDGE INC.	COM	29250N105	900	24,738	SH		SOLE		0	0	24,738
ESSENTIAL UTILITIES INC	COM	29670G102	7,399	165,350	SH		SOLE		0	0	165,350
EXXON MOBIL CORPORATION	COM	30231G102	7,569	135,574	SH		SOLE		0	0	135,574
FEDERAL REALTY INV TR S B I	COM	313747206	1,002	9,874	SH		SOLE		0	0	9,874
FEDEX CORP	COM	31428X106	7,873	27,718	SH		SOLE		0	0	27,718
FISERV INC	COM	337738108	368	3,090	SH		SOLE		0	0	3,090
FRANKLIN RESOURCES INC	COM	354613101	657	22,210	SH		SOLE		0	0	22,210
GENERAL ELECTRIC COMPANY	COM	369604103	2,045	155,764	SH		SOLE		0	0	155,764
GENERAL MILLS INC	COM	370334104	747	12,174	SH		SOLE		0	0	12,174
HEALTH PEAK PROPERTIES INC	COM	42250P103	239	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	1,860	11,762	SH		SOLE		0	0	11,762
HOME DEPOT	COM	437076102	1,569	5,140	SH		SOLE		0	0	5,140
HONEYWELL INTERNATIONAL INC	COM	438516106	4,764	21,946	SH		SOLE		0	0	21,946
HP INC	COM	40434L105	248	7,819	SH		SOLE		0	0	7,819
ILLINOIS TOOL WORKS INC.	COM	452308109	13,383	60,416	SH		SOLE		0	0	60,416
INTEL CORP COM	COM	458140100	8,369	130,759	SH		SOLE		0	0	130,759
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,542	19,077	SH		SOLE		0	0	19,077
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	17,822	127,658	SH		SOLE		0	0	127,658
INTERNATIONAL PAPER CO	COM	460146103	309	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	1,379	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	356	4,695	SH		SOLE		0	0	4,695
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,756	58,159	SH		SOLE		0	0	58,159
ISHARES RUSSELL 2000 IDX	COM	464287655	6,597	29,858	SH		SOLE		0	0	29,858
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,539	115,499	SH		SOLE		0	0	115,499
JOHNSON & JOHNSON	COM	478160104	17,386	105,788	SH		SOLE		0	0	105,788
JPMORGAN CHASE & CO.	COM	46625H100	14,110	92,689	SH		SOLE		0	0	92,689
KELLOGG COMPANY	COM	487836108	2,605	41,157	SH		SOLE		0	0	41,157
KIMBERLY-CLARK CORP	COM	494368103	2,863	20,587	SH		SOLE		0	0	20,587
LABORATORY CORP OF AMERICA	COM	50540R409	1,709	6,701	SH		SOLE		0	0	6,701
LINDE PLC	COM	G5494J103	387	1,380	SH		SOLE		0	0	1,380
LOCKHEED MARTIN	COM	539830109	867	2,347	SH		SOLE		0	0	2,347
LOWES COS	COM	548661107	18,204	95,721	SH		SOLE		0	0	95,721
M & T BANK CORP	COM	55261F104	2,054	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	467	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	8,971	60,569	SH		SOLE		0	0	60,569
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	309	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	12,249	54,649	SH		SOLE		0	0	54,649
MEDTRONIC INC	COM	G5960L103	410	3,468	SH		SOLE		0	0	3,468
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,055	78,547	SH		SOLE		0	0	78,547
MICROSOFT CORPORATION	COM	594918104	28,494	120,853	SH		SOLE		0	0	120,853
MONDELEZ INTL INC	COM	609207105	278	4,747	SH		SOLE		0	0	4,747
MORGAN STANLEY & CO	COM	617446448	996	12,820	SH		SOLE		0	0	12,820
MOTOROLA SOLUTIONS, INC	COM	620076307	956	5,084	SH		SOLE		0	0	5,084
NESTLE SA REG ADR	COM	641069406	281	2,518	SH		SOLE		0	0	2,518
NEW YORK TIMES CL A	COM	650111107	243	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY	COM	65339F101	6,339	83,840	SH		SOLE		0	0	83,840
NIKE INC CLASS B	COM	654106103	210	1,578	SH		SOLE		0	0	1,578
NORFOLK SOUTHERN CORP	COM	655844108	411	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	1,093	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	591	8,429	SH		SOLE		0	0	8,429
OTIS WORLDWIDE INC	COM	68902V107	642	9,375	SH		SOLE		0	0	9,375
PEPSICO INCORPORATED	COM	713448108	12,950	91,554	SH		SOLE		0	0	91,554
PFIZER INCORPORATED	COM	717081103	1,234	34,049	SH		SOLE		0	0	34,049
PHILIP MORRIS INTERNATIONAL	COM	718172109	391	4,410	SH		SOLE		0	0	4,410
PHILLIPS 66	COM	718546104	370	4,542	SH		SOLE		0	0	4,542
PIONEER NAT RES CO	COM	723787107	238	1,500	SH		SOLE		0	0	1,500
PNC FINANCIAL SERVICES GROUP	COM	693475105	630	3,594	SH		SOLE		0	0	3,594
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,006	6,286	SH		SOLE		0	0	6,286
PROCTER & GAMBLE COMPANY	COM	742718109	17,230	127,227	SH		SOLE		0	0	127,227
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	269	4,465	SH		SOLE		0	0	4,465
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	6,238	80,730	SH		SOLE		0	0	80,730
SAUL CENTERS INC.	COM	804395101	270	6,728	SH		SOLE		0	0	6,728
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	288	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	633	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,034	48,815	SH		SOLE		0	0	48,815
SPDR S&P 500 ETF	COM	78462F103	447	1,128	SH		SOLE		0	0	1,128
STANLEY BLACK & DECKER	COM	854502101	209	1,046	SH		SOLE		0	0	1,046
SYSCO CORPORATION	COM	871829107	1,396	17,732	SH		SOLE		0	0	17,732
T ROWE PRICE GROUP INC.	COM	74144T108	15,979	93,117	SH		SOLE		0	0	93,117
TARGET CORP	COM	87612E106	1,020	5,152	SH		SOLE		0	0	5,152
TEXAS INSTRUMENTS	COM	882508104	1,466	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	265	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	615	4,089	SH		SOLE		0	0	4,089
THERMO FISHER SCIENTIFIC	COM	883556102	659	1,445	SH		SOLE		0	0	1,445
TRIMBLE NAVIGATION	COM	896239100	264	3,400	SH		SOLE		0	0	3,400
UDR INC	COM	902653104	863	19,679	SH		SOLE		0	0	19,679
UNILEVER PLC SPONS ADR	COM	904767704	279	5,000	SH		SOLE		0	0	5,000
UNION PACIFIC CORP	COM	907818108	7,217	32,743	SH		SOLE		0	0	32,743
UNITED HEALTHCARE CORP	COM	91324P102	8,628	23,190	SH		SOLE		0	0	23,190
US BANCORP DEL (NEW)	COM	902973304	247	4,474	SH		SOLE		0	0	4,474
VANGUARD EMERGING MARKETS ETF	COM	922042858	798	15,339	SH		SOLE		0	0	15,339
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,258	25,621	SH		SOLE		0	0	25,621
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	70,481	196,606	SH		SOLE		0	0	196,606
VANGUARD MID CAP ETF	COM	922908629	7,718	34,870	SH		SOLE		0	0	34,870
VANGUARD REIT ETF	COM	922908553	1,768	19,242	SH		SOLE		0	0	19,242
VANGUARD S&P ETF	COM	922908363	1,036	2,845	SH		SOLE		0	0	2,845
VANGUARD SMALL CAP ETF	COM	922908751	5,980	27,932	SH		SOLE		0	0	27,932
VANGUARD TOTAL STOCK MARKET	COM	922908769	3,628	17,552	SH		SOLE		0	0	17,552
VERIZON COMMUNICATIONS	COM	92343V104	4,276	73,534	SH		SOLE		0	0	73,534
VISA INC CLASS A	COM	92826C839	12,866	60,766	SH		SOLE		0	0	60,766
VULCAN MATERIALS CO	COM	929160109	405	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	973	7,161	SH		SOLE		0	0	7,161
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	1,415	25,781	SH		SOLE		0	0	25,781
WALT DISNEY COMPANY	COM	254687106	11,411	61,839	SH		SOLE		0	0	61,839
WASH REAL ESTATE INV TRUST S B	COM	939653101	1,382	62,552	SH		SOLE		0	0	62,552
WASTE CONNECTIONS INC	COM	94106B101	216	2,000	SH		SOLE		0	0	2,000
WEINGARTEN REALTY INVS S B I	COM	948741103	1,267	47,084	SH		SOLE		0	0	47,084
WELLS FARGO & CO. NEW	COM	949746101	4,199	107,475	SH		SOLE		0	0	107,475
WEYERHAEUSER CO	COM	962166104	375	10,539	SH		SOLE		0	0	10,539
WHITE MOUNTAINS INS.	COM	G9618E107	222	199	SH		SOLE		0	0	199
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	522	3,260	SH		SOLE		0	0	3,260