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	4,287	24,132	SH		SOLE		0	0	24,132
ABBOTT LABORATORIES	COM	002824100	12,558	89,230	SH		SOLE		0	0	89,230
ABBVIE INC	COM	00287Y109	2,376	17,548	SH		SOLE		0	0	17,548
ADOBE SYSTEMS INCORPORATED	COM	00724F101	8,326	14,682	SH		SOLE		0	0	14,682
AIR PRODUCTS & CHEMICALS	COM	009158106	416	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	622	5,287	SH		SOLE		0	0	5,287
ALPHABET INC NON-VOTING CL C	COM	02079K107	18,476	6,385	SH		SOLE		0	0	6,385
ALPHABET INC VOTING CL A	COM	02079K305	1,460	504	SH		SOLE		0	0	504
ALTRIA GROUP	COM	02209S103	209	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	15,425	4,626	SH		SOLE		0	0	4,626
AMERICAN ELECTRIC POWER	COM	025537101	273	3,067	SH		SOLE		0	0	3,067
AMERICAN EXPRESS INC	COM	025816109	4,487	27,428	SH		SOLE		0	0	27,428
AMETEK INC	COM	031100100	224	1,522	SH		SOLE		0	0	1,522
AMGEN INC	COM	031162100	1,113	4,946	SH		SOLE		0	0	4,946
APPLE INC	COM	037833100	30,896	173,992	SH		SOLE		0	0	173,992
ARCHER DANIELS MIDLAND CO	COM	039483102	1,032	15,266	SH		SOLE		0	0	15,266
AT&T CORP NEW	COM	00206R102	1,087	44,197	SH		SOLE		0	0	44,197
ATMOS ENERGY CORP	COM	049560105	2,533	24,177	SH		SOLE		0	0	24,177
BANK OF AMERICA	COM	060505104	1,913	43,005	SH		SOLE		0	0	43,005
BANK OF NEW YORK MELLON CORP	COM	064058100	1,009	17,366	SH		SOLE		0	0	17,366
BECTON DICKINSON	COM	075887109	11,559	45,964	SH		SOLE		0	0	45,964
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,056	9	SH		SOLE		0	0	9
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,311	4,385	SH		SOLE		0	0	4,385
BOEING	COM	097023105	1,938	9,628	SH		SOLE		0	0	9,628
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	939	15,053	SH		SOLE		0	0	15,053
C S X CORPORATION	COM	126408103	951	25,303	SH		SOLE		0	0	25,303
CABLE ONE INC	COM	12685J105	552	313	SH		SOLE		0	0	313
CARRIER GLOBAL	COM	14448C104	711	13,117	SH		SOLE		0	0	13,117
CATERPILLAR INCORPORATED	COM	149123101	7,539	36,468	SH		SOLE		0	0	36,468
CHEMOURS CO	COM	163851108	22,016	656,023	SH		SOLE		0	0	656,023
CHEVRON CORP	COM	166764100	6,337	54,003	SH		SOLE		0	0	54,003
CHURCH & DWIGHT CO INC	COM	171340102	15,411	150,351	SH		SOLE		0	0	150,351
CINTAS CORP	COM	172908105	237	535	SH		SOLE		0	0	535
CISCO SYSTEMS INC	COM	17275R102	9,146	144,324	SH		SOLE		0	0	144,324
COCA-COLA COMPANY	COM	191216100	2,407	40,646	SH		SOLE		0	0	40,646
COLGATE-PALMOLIVE COMPANY	COM	194162103	482	5,652	SH		SOLE		0	0	5,652
COMCAST CORP NEW CL A	COM	20030N101	387	7,682	SH		SOLE		0	0	7,682
CONOCOPHILLIPS	COM	20825C104	349	4,834	SH		SOLE		0	0	4,834
CORNING INC.	COM	219350105	841	22,600	SH		SOLE		0	0	22,600
CORTEVA INC	COM	22052L104	48,230	1,020,098	SH		SOLE		0	0	1,020,098
CVS CAREMARK CORPORATION	COM	126650100	903	8,750	SH		SOLE		0	0	8,750
DANAHER CORP	COM	235851102	1,257	3,820	SH		SOLE		0	0	3,820
DEERE AND CO.	COM	244199105	415	1,210	SH		SOLE		0	0	1,210
DENTSPLY SIRONA INC	COM	24906P109	1,585	28,414	SH		SOLE		0	0	28,414
DISCOVER FINANCIAL SERVICES	COM	254709108	360	3,111	SH		SOLE		0	0	3,111
DOMINION RESOURCES INC OF VA	COM	25746U109	4,259	54,217	SH		SOLE		0	0	54,217
DOVER CORPORATION	COM	260003108	460	2,535	SH		SOLE		0	0	2,535
DOW CHEMICAL COMPANY (THE)	COM	260543103	59,858	1,055,333	SH		SOLE		0	0	1,055,333
DTE ENERGY	COM	233331107	359	3,004	SH		SOLE		0	0	3,004
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	71,951	890,697	SH		SOLE		0	0	890,697
DUKE ENERGY CORP	COM	26441C204	1,487	14,171	SH		SOLE		0	0	14,171
ELI LILLY & CO	COM	532457108	1,332	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	1,292	13,901	SH		SOLE		0	0	13,901
ENBRIDGE INC.	COM	29250N105	953	24,373	SH		SOLE		0	0	24,373
ESSENTIAL UTILITIES INC	COM	29670G102	9,427	175,591	SH		SOLE		0	0	175,591
EXXON MOBIL CORPORATION	COM	30231G102	7,510	122,735	SH		SOLE		0	0	122,735
FEDERAL REALTY INV TR S B I	COM	313745101	1,290	9,464	SH		SOLE		0	0	9,464
FEDEX CORP	COM	31428X106	7,211	27,879	SH		SOLE		0	0	27,879
FISERV INC	COM	337738108	321	3,090	SH		SOLE		0	0	3,090
FRANKLIN RESOURCES INC	COM	354613101	727	21,720	SH		SOLE		0	0	21,720
GENERAL ELECTRIC COMPANY	COM	369604301	1,546	16,361	SH		SOLE		0	0	16,361
GENERAL MILLS INC	COM	370334104	847	12,574	SH		SOLE		0	0	12,574
GRAHAM HOLDINGS CO.	COM	384637104	218	346	SH		SOLE		0	0	346
HEALTH PEAK PROPERTIES INC	COM	42250P103	272	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	2,421	12,512	SH		SOLE		0	0	12,512
HOME DEPOT	COM	437076102	2,465	5,940	SH		SOLE		0	0	5,940
HONEYWELL INTERNATIONAL INC	COM	438516106	4,970	23,836	SH		SOLE		0	0	23,836
HP INC	COM	40434L105	295	7,819	SH		SOLE		0	0	7,819
ILLINOIS TOOL WORKS INC.	COM	452308109	14,438	58,502	SH		SOLE		0	0	58,502
INTEL CORP COM	COM	458140100	6,666	129,444	SH		SOLE		0	0	129,444
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,197	16,437	SH		SOLE		0	0	16,437
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	18,321	121,613	SH		SOLE		0	0	121,613
INTERNATIONAL PAPER CO	COM	460146103	268	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	2,316	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	333	4,230	SH		SOLE		0	0	4,230
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	9,741	63,822	SH		SOLE		0	0	63,822
ISHARES RUSSELL 2000 IDX	COM	464287655	6,512	29,275	SH		SOLE		0	0	29,275
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	9,350	112,640	SH		SOLE		0	0	112,640
JOHNSON & JOHNSON	COM	478160104	18,304	106,997	SH		SOLE		0	0	106,997
JPMORGAN CHASE & CO.	COM	46625H100	14,761	93,220	SH		SOLE		0	0	93,220
KELLOGG COMPANY	COM	487836108	2,621	40,691	SH		SOLE		0	0	40,691
KIMBERLY-CLARK CORP	COM	494368103	2,705	18,927	SH		SOLE		0	0	18,927
KIMCO REALTY CORP REIT	COM	49446R109	1,517	61,546	SH		SOLE		0	0	61,546
LABORATORY CORP OF AMERICA	COM	50540R409	2,125	6,762	SH		SOLE		0	0	6,762
LINDE PLC	COM	G5494J103	461	1,330	SH		SOLE		0	0	1,330
LOCKHEED MARTIN	COM	539830109	822	2,312	SH		SOLE		0	0	2,312
LOWES COS	COM	548661107	23,954	92,673	SH		SOLE		0	0	92,673
M & T BANK CORP	COM	55261F104	2,081	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	460	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	10,424	63,086	SH		SOLE		0	0	63,086
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	300	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	15,112	56,375	SH		SOLE		0	0	56,375
MEDTRONIC INC	COM	G5960L103	555	5,367	SH		SOLE		0	0	5,367
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,678	87,137	SH		SOLE		0	0	87,137
MICROSOFT CORPORATION	COM	594918104	39,331	116,944	SH		SOLE		0	0	116,944
MONDELEZ INTL INC	COM	609207105	394	5,947	SH		SOLE		0	0	5,947
MORGAN STANLEY & CO	COM	617446448	866	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	1,381	5,084	SH		SOLE		0	0	5,084
NATIONAL FUEL GAS CO	COM	636180101	273	4,268	SH		SOLE		0	0	4,268
NESTLE SA REG ADR	COM	641069406	353	2,518	SH		SOLE		0	0	2,518
NEW YORK TIMES CL A	COM	650111107	232	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY	COM	65339F101	8,745	93,673	SH		SOLE		0	0	93,673
NIKE INC CLASS B	COM	654106103	273	1,638	SH		SOLE		0	0	1,638
NORFOLK SOUTHERN CORP	COM	655844108	456	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	1,244	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	503	1,300	SH		SOLE		0	0	1,300
NVIDIA CORP	COM	67066G104	2,003	6,811	SH		SOLE		0	0	6,811
ORACLE CORP	COM	68389X105	735	8,429	SH		SOLE		0	0	8,429
OTIS WORLDWIDE INC	COM	68902V107	704	8,082	SH		SOLE		0	0	8,082
PEPSICO INCORPORATED	COM	713448108	16,666	95,942	SH		SOLE		0	0	95,942
PFIZER INCORPORATED	COM	717081103	1,766	29,900	SH		SOLE		0	0	29,900
PHILIP MORRIS INTERNATIONAL	COM	718172109	419	4,410	SH		SOLE		0	0	4,410
PIONEER NAT RES CO	COM	723787107	255	1,400	SH		SOLE		0	0	1,400
PNC FINANCIAL SERVICES GROUP	COM	693475105	1,054	5,258	SH		SOLE		0	0	5,258
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,501	6,286	SH		SOLE		0	0	6,286
PROCTER & GAMBLE COMPANY	COM	742718109	21,202	129,613	SH		SOLE		0	0	129,613
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	296	4,440	SH		SOLE		0	0	4,440
QUALCOMM INC	COM	747525103	265	1,450	SH		SOLE		0	0	1,450
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	7,241	84,139	SH		SOLE		0	0	84,139
SAUL CENTERS INC.	COM	804395101	357	6,728	SH		SOLE		0	0	6,728
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	322	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	680	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,154	45,985	SH		SOLE		0	0	45,985
SPDR S&P 500 ETF	COM	78462F103	536	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,393	17,732	SH		SOLE		0	0	17,732
T ROWE PRICE GROUP INC.	COM	74144T108	17,771	90,372	SH		SOLE		0	0	90,372
TARGET CORP	COM	87612E106	1,099	4,750	SH		SOLE		0	0	4,750
TESLA MOTORS INC	COM	88160R101	230	218	SH		SOLE		0	0	218
TEXAS INSTRUMENTS	COM	882508104	1,462	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	304	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	632	4,039	SH		SOLE		0	0	4,039
THERMO FISHER SCIENTIFIC	COM	883556102	827	1,239	SH		SOLE		0	0	1,239
TRIMBLE NAVIGATION	COM	896239100	296	3,400	SH		SOLE		0	0	3,400
UDR INC	COM	902653104	1,181	19,679	SH		SOLE		0	0	19,679
UNILEVER PLC SPONS ADR	COM	904767704	269	5,000	SH		SOLE		0	0	5,000
UNION PACIFIC CORP	COM	907818108	8,088	32,104	SH		SOLE		0	0	32,104
UNITED HEALTHCARE CORP	COM	91324P102	11,589	23,079	SH		SOLE		0	0	23,079
UNITED PARCEL SERVICE INC CL B	COM	911312106	202	943	SH		SOLE		0	0	943
US BANCORP DEL (NEW)	COM	902973304	240	4,269	SH		SOLE		0	0	4,269
VANGUARD EMERGING MARKETS ETF	COM	922042858	838	16,935	SH		SOLE		0	0	16,935
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,415	27,703	SH		SOLE		0	0	27,703
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	90,202	196,873	SH		SOLE		0	0	196,873
VANGUARD MID CAP ETF	COM	922908629	8,795	34,520	SH		SOLE		0	0	34,520
VANGUARD REIT ETF	COM	922908553	2,532	21,827	SH		SOLE		0	0	21,827
VANGUARD S&P ETF	COM	922908363	1,242	2,845	SH		SOLE		0	0	2,845
VANGUARD SMALL CAP ETF	COM	922908751	6,310	27,917	SH		SOLE		0	0	27,917
VANGUARD TOTAL STOCK MARKET	COM	922908769	5,820	24,105	SH		SOLE		0	0	24,105
VERIZON COMMUNICATIONS	COM	92343V104	4,039	77,733	SH		SOLE		0	0	77,733
VISA INC CLASS A	COM	92826C839	12,466	57,523	SH		SOLE		0	0	57,523
VULCAN MATERIALS CO	COM	929160109	498	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	1,179	8,146	SH		SOLE		0	0	8,146
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	902	17,285	SH		SOLE		0	0	17,285
WALT DISNEY COMPANY	COM	254687106	11,022	71,157	SH		SOLE		0	0	71,157
WASH REAL ESTATE INV TRUST S B	COM	939653101	1,557	60,240	SH		SOLE		0	0	60,240
WASTE CONNECTIONS INC	COM	94106B101	259	1,900	SH		SOLE		0	0	1,900
WELLS FARGO & CO. NEW	COM	949746101	5,131	106,948	SH		SOLE		0	0	106,948
WEYERHAEUSER CO	COM	962166104	277	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	202	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	307	2,214	SH		SOLE		0	0	2,214
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	381	3,000	SH		SOLE		0	0	3,000