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

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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	4,524	22,774	SH		SOLE		0	0	22,774
ABBOTT LABORATORIES	COM	002824100	10,204	88,016	SH		SOLE		0	0	88,016
ABBVIE INC	COM	00287Y109	1,952	17,332	SH		SOLE		0	0	17,332
ADOBE SYSTEMS INCORPORATED	COM	00724F101	9,008	15,382	SH		SOLE		0	0	15,382
AIR PRODUCTS & CHEMICALS	COM	009158106	394	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	640	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	16,093	6,421	SH		SOLE		0	0	6,421
ALPHABET INC VOTING CL A	COM	02079K305	1,240	508	SH		SOLE		0	0	508
ALTRIA GROUP	COM	02209S103	210	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	15,704	4,565	SH		SOLE		0	0	4,565
AMERICAN ELECTRIC POWER	COM	025537101	220	2,606	SH		SOLE		0	0	2,606
AMERICAN EXPRESS INC	COM	025816109	4,620	27,958	SH		SOLE		0	0	27,958
AMGEN INC	COM	031162100	1,206	4,946	SH		SOLE		0	0	4,946
APPLE INC	COM	037833100	24,769	180,850	SH		SOLE		0	0	180,850
ARCHER DANIELS MIDLAND CO	COM	039483102	1,137	18,766	SH		SOLE		0	0	18,766
AT&T CORP NEW	COM	00206R102	1,477	51,321	SH		SOLE		0	0	51,321
ATMOS ENERGY CORP	COM	049560105	2,201	22,902	SH		SOLE		0	0	22,902
BANK OF AMERICA	COM	060505104	1,691	41,002	SH		SOLE		0	0	41,002
BANK OF NEW YORK MELLON CORP	COM	064058100	935	18,245	SH		SOLE		0	0	18,245
BECTON DICKINSON	COM	075887109	10,834	44,551	SH		SOLE		0	0	44,551
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,767	9	SH		SOLE		0	0	9
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,358	4,885	SH		SOLE		0	0	4,885
BOEING	COM	097023105	2,306	9,628	SH		SOLE		0	0	9,628
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	932	13,953	SH		SOLE		0	0	13,953
C S X CORPORATION	COM	126408103	674	21,000	SH		SOLE		0	0	21,000
CABLE ONE INC	COM	12685J105	738	386	SH		SOLE		0	0	386
CARRIER GLOBAL	COM	14448C104	723	14,876	SH		SOLE		0	0	14,876
CATERPILLAR INCORPORATED	COM	149123101	7,640	35,105	SH		SOLE		0	0	35,105
CHEMOURS CO	COM	163851108	23,936	687,812	SH		SOLE		0	0	687,812
CHEVRON CORP	COM	166764100	5,731	54,718	SH		SOLE		0	0	54,718
CHURCH & DWIGHT CO INC	COM	171340102	12,674	148,721	SH		SOLE		0	0	148,721
CIMAREX ENERGY CO.	COM	171798101	266	3,665	SH		SOLE		0	0	3,665
CINTAS CORP	COM	172908105	206	540	SH		SOLE		0	0	540
CISCO SYSTEMS INC	COM	17275R102	7,649	144,326	SH		SOLE		0	0	144,326
COCA-COLA COMPANY	COM	191216100	2,117	39,123	SH		SOLE		0	0	39,123
COLGATE-PALMOLIVE COMPANY	COM	194162103	460	5,652	SH		SOLE		0	0	5,652
COMCAST CORP NEW CL A	COM	20030N101	355	6,222	SH		SOLE		0	0	6,222
CONOCOPHILLIPS	COM	20825C104	331	5,434	SH		SOLE		0	0	5,434
CORNING INC.	COM	219350105	994	24,300	SH		SOLE		0	0	24,300
CORTEVA INC	COM	22052L104	47,095	1,061,895	SH		SOLE		0	0	1,061,895
CVS CAREMARK CORPORATION	COM	126650100	736	8,820	SH		SOLE		0	0	8,820
DANAHER CORP	COM	235851102	1,041	3,880	SH		SOLE		0	0	3,880
DEERE AND CO.	COM	244199105	432	1,225	SH		SOLE		0	0	1,225
DENTSPLY SIRONA INC	COM	24906P109	2,054	32,464	SH		SOLE		0	0	32,464
DISCOVER FINANCIAL SERVICES	COM	254709108	447	3,777	SH		SOLE		0	0	3,777
DOMINION RESOURCES INC OF VA	COM	25746U109	4,016	54,583	SH		SOLE		0	0	54,583
DOVER CORPORATION	COM	260003108	344	2,285	SH		SOLE		0	0	2,285
DOW CHEMICAL COMPANY (THE)	COM	260543103	69,420	1,097,033	SH		SOLE		0	0	1,097,033
DTE ENERGY	COM	233331107	389	3,004	SH		SOLE		0	0	3,004
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	71,696	926,189	SH		SOLE		0	0	926,189
DUKE ENERGY CORP	COM	26441C204	1,441	14,599	SH		SOLE		0	0	14,599
ELI LILLY & CO	COM	532457108	1,107	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	1,338	13,901	SH		SOLE		0	0	13,901
ENBRIDGE INC.	COM	29250N105	1,002	24,992	SH		SOLE		0	0	24,992
ESSENTIAL UTILITIES INC	COM	29670G102	7,643	167,242	SH		SOLE		0	0	167,242
EXXON MOBIL CORPORATION	COM	30231G102	7,904	125,295	SH		SOLE		0	0	125,295
FEDERAL REALTY INV TR S B I	COM	313747206	1,157	9,874	SH		SOLE		0	0	9,874
FEDEX CORP	COM	31428X106	8,263	27,698	SH		SOLE		0	0	27,698
FISERV INC	COM	337738108	330	3,090	SH		SOLE		0	0	3,090
FRANKLIN RESOURCES INC	COM	354613101	710	22,210	SH		SOLE		0	0	22,210
GENERAL ELECTRIC COMPANY	COM	369604103	1,871	139,016	SH		SOLE		0	0	139,016
GENERAL MILLS INC	COM	370334104	742	12,174	SH		SOLE		0	0	12,174
GRAHAM HOLDINGS CO.	COM	384637104	219	346	SH		SOLE		0	0	346
HARLEY DAVIDSON INC	COM	412822108	211	4,600	SH		SOLE		0	0	4,600
HEALTH PEAK PROPERTIES INC	COM	42250P103	250	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	2,040	11,712	SH		SOLE		0	0	11,712
HOME DEPOT	COM	437076102	1,607	5,040	SH		SOLE		0	0	5,040
HONEYWELL INTERNATIONAL INC	COM	438516106	4,897	22,326	SH		SOLE		0	0	22,326
HP INC	COM	40434L105	236	7,819	SH		SOLE		0	0	7,819
ILLINOIS TOOL WORKS INC.	COM	452308109	13,401	59,946	SH		SOLE		0	0	59,946
INTEL CORP COM	COM	458140100	7,015	124,948	SH		SOLE		0	0	124,948
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,607	17,787	SH		SOLE		0	0	17,787
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	19,050	127,508	SH		SOLE		0	0	127,508
INTERNATIONAL PAPER CO	COM	460146103	350	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	1,765	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	350	4,440	SH		SOLE		0	0	4,440
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	9,924	60,643	SH		SOLE		0	0	60,643
ISHARES RUSSELL 2000 IDX	COM	464287655	6,803	29,660	SH		SOLE		0	0	29,660
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	9,072	114,485	SH		SOLE		0	0	114,485
JOHNSON & JOHNSON	COM	478160104	17,213	104,483	SH		SOLE		0	0	104,483
JPMORGAN CHASE & CO.	COM	46625H100	14,574	93,698	SH		SOLE		0	0	93,698
KELLOGG COMPANY	COM	487836108	2,682	41,691	SH		SOLE		0	0	41,691
KIMBERLY-CLARK CORP	COM	494368103	2,532	18,927	SH		SOLE		0	0	18,927
LABORATORY CORP OF AMERICA	COM	50540R409	1,918	6,952	SH		SOLE		0	0	6,952
LINDE PLC	COM	G5494J103	399	1,380	SH		SOLE		0	0	1,380
LOCKHEED MARTIN	COM	539830109	875	2,312	SH		SOLE		0	0	2,312
LOWES COS	COM	548661107	18,502	95,385	SH		SOLE		0	0	95,385
M & T BANK CORP	COM	55261F104	1,969	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	562	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	8,415	61,639	SH		SOLE		0	0	61,639
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	283	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	12,862	55,684	SH		SOLE		0	0	55,684
MEDTRONIC INC	COM	G5960L103	438	3,527	SH		SOLE		0	0	3,527
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,258	80,462	SH		SOLE		0	0	80,462
MICROSOFT CORPORATION	COM	594918104	32,517	120,033	SH		SOLE		0	0	120,033
MONDELEZ INTL INC	COM	609207105	296	4,747	SH		SOLE		0	0	4,747
MORGAN STANLEY & CO	COM	617446448	809	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	1,102	5,084	SH		SOLE		0	0	5,084
NESTLE SA REG ADR	COM	641069406	314	2,518	SH		SOLE		0	0	2,518
NEW YORK TIMES CL A	COM	650111107	209	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY	COM	65339F101	6,777	92,478	SH		SOLE		0	0	92,478
NIKE INC CLASS B	COM	654106103	251	1,623	SH		SOLE		0	0	1,623
NORFOLK SOUTHERN CORP	COM	655844108	406	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	1,202	10,400	SH		SOLE		0	0	10,400
NVIDIA CORP	COM	67066G104	599	749	SH		SOLE		0	0	749
ORACLE CORP	COM	68389X105	656	8,429	SH		SOLE		0	0	8,429
ORGANON & CO	COM	68622V106	238	7,868	SH		SOLE		0	0	7,868
OTIS WORLDWIDE INC	COM	68902V107	725	8,862	SH		SOLE		0	0	8,862
PEPSICO INCORPORATED	COM	713448108	13,882	93,689	SH		SOLE		0	0	93,689
PFIZER INCORPORATED	COM	717081103	1,265	32,295	SH		SOLE		0	0	32,295
PHILIP MORRIS INTERNATIONAL	COM	718172109	437	4,410	SH		SOLE		0	0	4,410
PHILLIPS 66	COM	718546104	390	4,542	SH		SOLE		0	0	4,542
PIONEER NAT RES CO	COM	723787107	244	1,500	SH		SOLE		0	0	1,500
PNC FINANCIAL SERVICES GROUP	COM	693475105	686	3,594	SH		SOLE		0	0	3,594
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,228	6,286	SH		SOLE		0	0	6,286
PROCTER & GAMBLE COMPANY	COM	742718109	17,358	128,644	SH		SOLE		0	0	128,644
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	267	4,465	SH		SOLE		0	0	4,465
QUALCOMM INC	COM	747525103	207	1,450	SH		SOLE		0	0	1,450
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	6,978	81,798	SH		SOLE		0	0	81,798
SAUL CENTERS INC.	COM	804395101	306	6,728	SH		SOLE		0	0	6,728
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	285	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	649	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	2,838	46,907	SH		SOLE		0	0	46,907
SPDR S&P 500 ETF	COM	78462F103	483	1,128	SH		SOLE		0	0	1,128
STANLEY BLACK & DECKER	COM	854502101	214	1,046	SH		SOLE		0	0	1,046
SYSCO CORPORATION	COM	871829107	1,379	17,732	SH		SOLE		0	0	17,732
T ROWE PRICE GROUP INC.	COM	74144T108	18,364	92,760	SH		SOLE		0	0	92,760
TARGET CORP	COM	87612E106	1,174	4,856	SH		SOLE		0	0	4,856
TEXAS INSTRUMENTS	COM	882508104	1,492	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	270	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	612	4,089	SH		SOLE		0	0	4,089
THERMO FISHER SCIENTIFIC	COM	883556102	702	1,391	SH		SOLE		0	0	1,391
TRIMBLE NAVIGATION	COM	896239100	278	3,400	SH		SOLE		0	0	3,400
UDR INC	COM	902653104	964	19,679	SH		SOLE		0	0	19,679
UNILEVER PLC SPONS ADR	COM	904767704	292	5,000	SH		SOLE		0	0	5,000
UNION PACIFIC CORP	COM	907818108	7,247	32,953	SH		SOLE		0	0	32,953
UNITED HEALTHCARE CORP	COM	91324P102	9,283	23,181	SH		SOLE		0	0	23,181
US BANCORP DEL (NEW)	COM	902973304	266	4,674	SH		SOLE		0	0	4,674
VANGUARD EMERGING MARKETS ETF	COM	922042858	844	15,549	SH		SOLE		0	0	15,549
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,338	25,961	SH		SOLE		0	0	25,961
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	78,676	197,297	SH		SOLE		0	0	197,297
VANGUARD MID CAP ETF	COM	922908629	8,358	35,215	SH		SOLE		0	0	35,215
VANGUARD REIT ETF	COM	922908553	2,071	20,342	SH		SOLE		0	0	20,342
VANGUARD S&P ETF	COM	922908363	1,120	2,845	SH		SOLE		0	0	2,845
VANGUARD SMALL CAP ETF	COM	922908751	6,335	28,122	SH		SOLE		0	0	28,122
VANGUARD TOTAL STOCK MARKET	COM	922908769	4,470	20,062	SH		SOLE		0	0	20,062
VERIZON COMMUNICATIONS	COM	92343V104	4,071	72,654	SH		SOLE		0	0	72,654
VISA INC CLASS A	COM	92826C839	13,318	56,958	SH		SOLE		0	0	56,958
VULCAN MATERIALS CO	COM	929160109	418	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	1,054	7,471	SH		SOLE		0	0	7,471
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	1,231	23,404	SH		SOLE		0	0	23,404
WALT DISNEY COMPANY	COM	254687106	11,508	65,474	SH		SOLE		0	0	65,474
WASH REAL ESTATE INV TRUST S B	COM	939653101	1,395	60,652	SH		SOLE		0	0	60,652
WASTE CONNECTIONS INC	COM	94106B101	239	2,000	SH		SOLE		0	0	2,000
WEINGARTEN REALTY INVS S B I	COM	948741103	1,435	44,746	SH		SOLE		0	0	44,746
WELLS FARGO & CO. NEW	COM	949746101	4,875	107,633	SH		SOLE		0	0	107,633
WEYERHAEUSER CO	COM	962166104	232	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	228	199	SH		SOLE		0	0	199
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	524	3,260	SH		SOLE		0	0	3,260