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	4,045	23,059	SH		SOLE		0	0	23,059
ABBOTT LABORATORIES	COM	002824100	10,639	90,059	SH		SOLE		0	0	90,059
ABBVIE INC	COM	00287Y109	1,831	16,972	SH		SOLE		0	0	16,972
ADOBE SYSTEMS INCORPORATED	COM	00724F101	9,325	16,197	SH		SOLE		0	0	16,197
AIR PRODUCTS & CHEMICALS	COM	009158106	350	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	625	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	17,359	6,513	SH		SOLE		0	0	6,513
ALPHABET INC VOTING CL A	COM	02079K305	1,347	504	SH		SOLE		0	0	504
AMAZON.COM INC	COM	023135106	15,167	4,617	SH		SOLE		0	0	4,617
AMERICAN ELECTRIC POWER	COM	025537101	212	2,606	SH		SOLE		0	0	2,606
AMERICAN EXPRESS INC	COM	025816109	4,756	28,387	SH		SOLE		0	0	28,387
AMGEN INC	COM	031162100	1,052	4,946	SH		SOLE		0	0	4,946
APPLE INC	COM	037833100	25,761	182,055	SH		SOLE		0	0	182,055
ARCHER DANIELS MIDLAND CO	COM	039483102	1,126	18,766	SH		SOLE		0	0	18,766
AT&T CORP NEW	COM	00206R102	1,199	44,377	SH		SOLE		0	0	44,377
ATMOS ENERGY CORP	COM	049560105	2,292	25,992	SH		SOLE		0	0	25,992
BANK OF AMERICA	COM	060505104	1,741	41,002	SH		SOLE		0	0	41,002
BANK OF NEW YORK MELLON CORP	COM	064058100	944	18,215	SH		SOLE		0	0	18,215
BECTON DICKINSON	COM	075887109	11,332	46,100	SH		SOLE		0	0	46,100
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,702	9	SH		SOLE		0	0	9
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,333	4,885	SH		SOLE		0	0	4,885
BOEING	COM	097023105	2,118	9,628	SH		SOLE		0	0	9,628
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	802	13,553	SH		SOLE		0	0	13,553
C S X CORPORATION	COM	126408103	625	21,000	SH		SOLE		0	0	21,000
CABLE ONE INC	COM	12685J105	700	386	SH		SOLE		0	0	386
CAPITAL ONE FINANCIAL	COM	14040H105	209	1,290	SH		SOLE		0	0	1,290
CARRIER GLOBAL	COM	14448C104	741	14,317	SH		SOLE		0	0	14,317
CATERPILLAR INCORPORATED	COM	149123101	6,734	35,080	SH		SOLE		0	0	35,080
CHEMOURS CO	COM	163851108	19,561	673,112	SH		SOLE		0	0	673,112
CHEVRON CORP	COM	166764100	5,460	53,817	SH		SOLE		0	0	53,817
CHURCH & DWIGHT CO INC	COM	171340102	12,452	150,806	SH		SOLE		0	0	150,806
CINTAS CORP	COM	172908105	204	535	SH		SOLE		0	0	535
CISCO SYSTEMS INC	COM	17275R102	7,894	145,025	SH		SOLE		0	0	145,025
COCA-COLA COMPANY	COM	191216100	2,053	39,123	SH		SOLE		0	0	39,123
COLGATE-PALMOLIVE COMPANY	COM	194162103	427	5,652	SH		SOLE		0	0	5,652
COMCAST CORP NEW CL A	COM	20030N101	348	6,222	SH		SOLE		0	0	6,222
CONOCOPHILLIPS	COM	20825C104	328	4,834	SH		SOLE		0	0	4,834
CORNING INC.	COM	219350105	850	23,300	SH		SOLE		0	0	23,300
CORTEVA INC	COM	22052L104	42,921	1,019,982	SH		SOLE		0	0	1,019,982
CVS CAREMARK CORPORATION	COM	126650100	743	8,750	SH		SOLE		0	0	8,750
DANAHER CORP	COM	235851102	1,163	3,820	SH		SOLE		0	0	3,820
DEERE AND CO.	COM	244199105	407	1,215	SH		SOLE		0	0	1,215
DENTSPLY SIRONA INC	COM	24906P109	1,752	30,184	SH		SOLE		0	0	30,184
DISCOVER FINANCIAL SERVICES	COM	254709108	464	3,777	SH		SOLE		0	0	3,777
DOMINION RESOURCES INC OF VA	COM	25746U109	3,966	54,308	SH		SOLE		0	0	54,308
DOVER CORPORATION	COM	260003108	355	2,285	SH		SOLE		0	0	2,285
DOW CHEMICAL COMPANY (THE)	COM	260543103	60,745	1,055,333	SH		SOLE		0	0	1,055,333
DTE ENERGY	COM	233331107	336	3,004	SH		SOLE		0	0	3,004
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	60,565	890,797	SH		SOLE		0	0	890,797
DUKE ENERGY CORP	COM	26441C204	1,425	14,599	SH		SOLE		0	0	14,599
ELI LILLY & CO	COM	532457108	1,114	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	1,309	13,901	SH		SOLE		0	0	13,901
ENBRIDGE INC.	COM	29250N105	977	24,534	SH		SOLE		0	0	24,534
ESSENTIAL UTILITIES INC	COM	29670G102	8,114	176,076	SH		SOLE		0	0	176,076
EXXON MOBIL CORPORATION	COM	30231G102	7,274	123,670	SH		SOLE		0	0	123,670
FEDERAL REALTY INV TR S B I	COM	313747206	1,117	9,464	SH		SOLE		0	0	9,464
FEDEX CORP	COM	31428X106	6,087	27,759	SH		SOLE		0	0	27,759
FISERV INC	COM	337738108	335	3,090	SH		SOLE		0	0	3,090
FRANKLIN RESOURCES INC	COM	354613101	660	22,210	SH		SOLE		0	0	22,210
GENERAL ELECTRIC COMPANY	COM	369604301	1,703	16,526	SH		SOLE		0	0	16,526
GENERAL MILLS INC	COM	370334104	728	12,174	SH		SOLE		0	0	12,174
GRAHAM HOLDINGS CO.	COM	384637104	204	346	SH		SOLE		0	0	346
HEALTH PEAK PROPERTIES INC	COM	42250P103	252	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	1,982	11,712	SH		SOLE		0	0	11,712
HOME DEPOT	COM	437076102	1,622	4,940	SH		SOLE		0	0	4,940
HONEYWELL INTERNATIONAL INC	COM	438516106	4,951	23,321	SH		SOLE		0	0	23,321
HP INC	COM	40434L105	214	7,819	SH		SOLE		0	0	7,819
ILLINOIS TOOL WORKS INC.	COM	452308109	12,307	59,560	SH		SOLE		0	0	59,560
INTEL CORP COM	COM	458140100	6,763	126,928	SH		SOLE		0	0	126,928
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,301	16,561	SH		SOLE		0	0	16,561
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	16,405	122,683	SH		SOLE		0	0	122,683
INTERNATIONAL PAPER CO	COM	460146103	319	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	1,942	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	331	4,237	SH		SOLE		0	0	4,237
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	10,112	62,541	SH		SOLE		0	0	62,541
ISHARES RUSSELL 2000 IDX	COM	464287655	6,425	29,373	SH		SOLE		0	0	29,373
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,856	113,215	SH		SOLE		0	0	113,215
JOHNSON & JOHNSON	COM	478160104	17,164	106,280	SH		SOLE		0	0	106,280
JPMORGAN CHASE & CO.	COM	46625H100	15,399	94,076	SH		SOLE		0	0	94,076
KELLOGG COMPANY	COM	487836108	2,598	40,641	SH		SOLE		0	0	40,641
KIMBERLY-CLARK CORP	COM	494368103	2,507	18,927	SH		SOLE		0	0	18,927
KIMCO REALTY CORP REIT	COM	49446R109	1,269	61,154	SH		SOLE		0	0	61,154
LABORATORY CORP OF AMERICA	COM	50540R409	2,007	7,132	SH		SOLE		0	0	7,132
LINDE PLC	COM	G5494J103	390	1,330	SH		SOLE		0	0	1,330
LOCKHEED MARTIN	COM	539830109	798	2,312	SH		SOLE		0	0	2,312
LOWES COS	COM	548661107	19,117	94,237	SH		SOLE		0	0	94,237
M & T BANK CORP	COM	55261F104	2,024	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	512	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	9,297	62,781	SH		SOLE		0	0	62,781
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	279	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	13,512	56,043	SH		SOLE		0	0	56,043
MEDTRONIC INC	COM	G5960L103	574	4,577	SH		SOLE		0	0	4,577
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,549	87,197	SH		SOLE		0	0	87,197
MICROSOFT CORPORATION	COM	594918104	33,781	119,825	SH		SOLE		0	0	119,825
MONDELEZ INTL INC	COM	609207105	276	4,747	SH		SOLE		0	0	4,747
MORGAN STANLEY & CO	COM	617446448	858	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	1,181	5,084	SH		SOLE		0	0	5,084
NESTLE SA REG ADR	COM	641069406	303	2,518	SH		SOLE		0	0	2,518
NEW YORK TIMES CL A	COM	650111107	236	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY	COM	65339F101	7,469	95,128	SH		SOLE		0	0	95,128
NIKE INC CLASS B	COM	654106103	237	1,633	SH		SOLE		0	0	1,633
NORFOLK SOUTHERN CORP	COM	655844108	366	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	1,121	10,400	SH		SOLE		0	0	10,400
NVIDIA CORP	COM	67066G104	1,348	6,506	SH		SOLE		0	0	6,506
ORACLE CORP	COM	68389X105	734	8,429	SH		SOLE		0	0	8,429
OTIS WORLDWIDE INC	COM	68902V107	714	8,682	SH		SOLE		0	0	8,682
PEPSICO INCORPORATED	COM	713448108	14,230	94,606	SH		SOLE		0	0	94,606
PFIZER INCORPORATED	COM	717081103	1,383	32,145	SH		SOLE		0	0	32,145
PHILIP MORRIS INTERNATIONAL	COM	718172109	418	4,410	SH		SOLE		0	0	4,410
PIONEER NAT RES CO	COM	723787107	233	1,400	SH		SOLE		0	0	1,400
PNC FINANCIAL SERVICES GROUP	COM	693475105	703	3,594	SH		SOLE		0	0	3,594
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,250	6,286	SH		SOLE		0	0	6,286
PROCTER & GAMBLE COMPANY	COM	742718109	18,052	129,128	SH		SOLE		0	0	129,128
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	270	4,440	SH		SOLE		0	0	4,440
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	7,216	83,949	SH		SOLE		0	0	83,949
SAUL CENTERS INC.	COM	804395101	296	6,728	SH		SOLE		0	0	6,728
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	287	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	601	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	2,867	46,272	SH		SOLE		0	0	46,272
SPDR S&P 500 ETF	COM	78462F103	484	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,392	17,732	SH		SOLE		0	0	17,732
T ROWE PRICE GROUP INC.	COM	74144T108	18,120	92,120	SH		SOLE		0	0	92,120
TARGET CORP	COM	87612E106	1,111	4,856	SH		SOLE		0	0	4,856
TEXAS INSTRUMENTS	COM	882508104	1,491	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	264	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	622	4,089	SH		SOLE		0	0	4,089
THERMO FISHER SCIENTIFIC	COM	883556102	756	1,323	SH		SOLE		0	0	1,323
TRIMBLE NAVIGATION	COM	896239100	280	3,400	SH		SOLE		0	0	3,400
UDR INC	COM	902653104	1,043	19,679	SH		SOLE		0	0	19,679
UNILEVER PLC SPONS ADR	COM	904767704	271	5,000	SH		SOLE		0	0	5,000
UNION PACIFIC CORP	COM	907818108	6,499	33,159	SH		SOLE		0	0	33,159
UNITED HEALTHCARE CORP	COM	91324P102	9,024	23,094	SH		SOLE		0	0	23,094
US BANCORP DEL (NEW)	COM	902973304	254	4,269	SH		SOLE		0	0	4,269
VANGUARD EMERGING MARKETS ETF	COM	922042858	777	15,545	SH		SOLE		0	0	15,545
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,289	25,523	SH		SOLE		0	0	25,523
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	79,153	197,245	SH		SOLE		0	0	197,245
VANGUARD MID CAP ETF	COM	922908629	8,341	35,230	SH		SOLE		0	0	35,230
VANGUARD REIT ETF	COM	922908553	2,258	22,182	SH		SOLE		0	0	22,182
VANGUARD S&P ETF	COM	922908363	1,122	2,845	SH		SOLE		0	0	2,845
VANGUARD SMALL CAP ETF	COM	922908751	6,142	28,087	SH		SOLE		0	0	28,087
VANGUARD TOTAL STOCK MARKET	COM	922908769	4,457	20,070	SH		SOLE		0	0	20,070
VERIZON COMMUNICATIONS	COM	92343V104	4,085	75,643	SH		SOLE		0	0	75,643
VISA INC CLASS A	COM	92826C839	12,784	57,393	SH		SOLE		0	0	57,393
VULCAN MATERIALS CO	COM	929160109	406	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	1,078	7,731	SH		SOLE		0	0	7,731
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	868	18,445	SH		SOLE		0	0	18,445
WALT DISNEY COMPANY	COM	254687106	11,358	67,138	SH		SOLE		0	0	67,138
WASH REAL ESTATE INV TRUST S B	COM	939653101	1,475	59,590	SH		SOLE		0	0	59,590
WASTE CONNECTIONS INC	COM	94106B101	252	2,000	SH		SOLE		0	0	2,000
WELLS FARGO & CO. NEW	COM	949746101	4,882	105,196	SH		SOLE		0	0	105,196
WEYERHAEUSER CO	COM	962166104	239	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	213	199	SH		SOLE		0	0	199
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	477	3,260	SH		SOLE		0	0	3,260