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	3,277	22,010	SH		SOLE		0	0	22,010
ABBOTT LABORATORIES	COM	002824100	10,689	90,310	SH		SOLE		0	0	90,310
ABBVIE INC	COM	00287Y109	2,856	17,615	SH		SOLE		0	0	17,615
ADOBE SYSTEMS INCORPORATED	COM	00724F101	6,699	14,702	SH		SOLE		0	0	14,702
AFLAC INCORPORATED	COM	001055102	219	3,400	SH		SOLE		0	0	3,400
AIR PRODUCTS & CHEMICALS	COM	009158106	342	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	732	5,287	SH		SOLE		0	0	5,287
ALPHABET INC NON-VOTING CL C	COM	02079K107	18,085	6,475	SH		SOLE		0	0	6,475
ALPHABET INC VOTING CL A	COM	02079K305	1,402	504	SH		SOLE		0	0	504
ALTRIA GROUP	COM	02209S103	230	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	16,045	4,922	SH		SOLE		0	0	4,922
AMERICAN ELECTRIC POWER	COM	025537101	292	2,922	SH		SOLE		0	0	2,922
AMERICAN EXPRESS INC	COM	025816109	5,127	27,418	SH		SOLE		0	0	27,418
AMGEN INC	COM	031162100	1,196	4,946	SH		SOLE		0	0	4,946
APPLE INC	COM	037833100	30,353	173,833	SH		SOLE		0	0	173,833
ARCHER DANIELS MIDLAND CO	COM	039483102	1,378	15,266	SH		SOLE		0	0	15,266
AT&T CORP NEW	COM	00206R102	813	34,425	SH		SOLE		0	0	34,425
ATMOS ENERGY CORP	COM	049560105	2,892	24,202	SH		SOLE		0	0	24,202
BANK OF AMERICA	COM	060505104	1,793	43,503	SH		SOLE		0	0	43,503
BANK OF NEW YORK MELLON CORP	COM	064058100	861	17,346	SH		SOLE		0	0	17,346
BECTON DICKINSON	COM	075887109	12,230	45,979	SH		SOLE		0	0	45,979
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,231	8	SH		SOLE		0	0	8
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,548	4,385	SH		SOLE		0	0	4,385
BOEING	COM	097023105	1,800	9,398	SH		SOLE		0	0	9,398
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,099	15,048	SH		SOLE		0	0	15,048
C S X CORPORATION	COM	126408103	942	25,151	SH		SOLE		0	0	25,151
CABLE ONE INC	COM	12685J105	458	313	SH		SOLE		0	0	313
CARRIER GLOBAL	COM	14448C104	569	12,405	SH		SOLE		0	0	12,405
CATERPILLAR INCORPORATED	COM	149123101	8,137	36,517	SH		SOLE		0	0	36,517
CHEMOURS CO	COM	163851108	20,652	656,023	SH		SOLE		0	0	656,023
CHEVRON CORP	COM	166764100	8,494	52,162	SH		SOLE		0	0	52,162
CHURCH & DWIGHT CO INC	COM	171340102	14,854	149,466	SH		SOLE		0	0	149,466
CINTAS CORP	COM	172908105	228	535	SH		SOLE		0	0	535
CISCO SYSTEMS INC	COM	17275R102	8,042	144,230	SH		SOLE		0	0	144,230
COCA-COLA COMPANY	COM	191216100	2,554	41,186	SH		SOLE		0	0	41,186
COLGATE-PALMOLIVE COMPANY	COM	194162103	429	5,652	SH		SOLE		0	0	5,652
COMCAST CORP NEW CL A	COM	20030N101	368	7,867	SH		SOLE		0	0	7,867
CONOCOPHILLIPS	COM	20825C104	483	4,834	SH		SOLE		0	0	4,834
CORNING INC.	COM	219350105	834	22,600	SH		SOLE		0	0	22,600
CORTEVA INC	COM	22052L104	58,664	1,020,593	SH		SOLE		0	0	1,020,593
CVS CAREMARK CORPORATION	COM	126650100	922	9,111	SH		SOLE		0	0	9,111
DANAHER CORP	COM	235851102	1,121	3,820	SH		SOLE		0	0	3,820
DEERE AND CO.	COM	244199105	557	1,341	SH		SOLE		0	0	1,341
DENTSPLY SIRONA INC	COM	24906P109	1,361	27,641	SH		SOLE		0	0	27,641
DISCOVER FINANCIAL SERVICES	COM	254709108	343	3,111	SH		SOLE		0	0	3,111
DOMINION RESOURCES INC OF VA	COM	25746U109	4,332	50,981	SH		SOLE		0	0	50,981
DOVER CORPORATION	COM	260003108	398	2,535	SH		SOLE		0	0	2,535
DOW CHEMICAL COMPANY (THE)	COM	260543103	67,274	1,055,774	SH		SOLE		0	0	1,055,774
DTE ENERGY	COM	233331107	397	3,004	SH		SOLE		0	0	3,004
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	65,530	890,595	SH		SOLE		0	0	890,595
DUKE ENERGY CORP	COM	26441C204	1,518	13,596	SH		SOLE		0	0	13,596
ELI LILLY & CO	COM	532457108	1,381	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	1,363	13,901	SH		SOLE		0	0	13,901
ENBRIDGE INC.	COM	29250N105	1,123	24,373	SH		SOLE		0	0	24,373
ESSENTIAL UTILITIES INC	COM	29670G102	9,043	176,863	SH		SOLE		0	0	176,863
EXXON MOBIL CORPORATION	COM	30231G102	10,046	121,642	SH		SOLE		0	0	121,642
FEDERAL REALTY INV TR S B I	COM	313745101	1,139	9,329	SH		SOLE		0	0	9,329
FEDEX CORP	COM	31428X106	6,515	28,154	SH		SOLE		0	0	28,154
FISERV INC	COM	337738108	313	3,090	SH		SOLE		0	0	3,090
FRANKLIN RESOURCES INC	COM	354613101	606	21,720	SH		SOLE		0	0	21,720
GENERAL ELECTRIC COMPANY	COM	369604301	1,309	14,309	SH		SOLE		0	0	14,309
GENERAL MILLS INC	COM	370334104	852	12,574	SH		SOLE		0	0	12,574
GRAHAM HOLDINGS CO.	COM	384637104	212	346	SH		SOLE		0	0	346
HEALTH PEAK PROPERTIES INC	COM	42250P103	258	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	2,705	12,487	SH		SOLE		0	0	12,487
HOME DEPOT	COM	437076102	1,747	5,837	SH		SOLE		0	0	5,837
HONEYWELL INTERNATIONAL INC	COM	438516106	5,020	25,801	SH		SOLE		0	0	25,801
HORMEL FOODS CORP	COM	440452100	206	4,000	SH		SOLE		0	0	4,000
HP INC	COM	40434L105	293	8,074	SH		SOLE		0	0	8,074
ILLINOIS TOOL WORKS INC.	COM	452308109	12,456	59,485	SH		SOLE		0	0	59,485
INTEL CORP COM	COM	458140100	6,436	129,861	SH		SOLE		0	0	129,861
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,090	16,074	SH		SOLE		0	0	16,074
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	15,971	121,613	SH		SOLE		0	0	121,613
INTERNATIONAL PAPER CO	COM	460146103	263	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	1,731	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	304	4,130	SH		SOLE		0	0	4,130
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,653	66,412	SH		SOLE		0	0	66,412
ISHARES RUSSELL 2000 IDX	COM	464287655	5,993	29,196	SH		SOLE		0	0	29,196
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,762	112,275	SH		SOLE		0	0	112,275
JOHNSON & JOHNSON	COM	478160104	18,978	107,082	SH		SOLE		0	0	107,082
JPMORGAN CHASE & CO.	COM	46625H100	12,880	94,483	SH		SOLE		0	0	94,483
KELLOGG COMPANY	COM	487836108	2,466	38,241	SH		SOLE		0	0	38,241
KIMBERLY-CLARK CORP	COM	494368103	2,321	18,844	SH		SOLE		0	0	18,844
KIMCO REALTY CORP REIT	COM	49446R109	1,484	60,088	SH		SOLE		0	0	60,088
LABORATORY CORP OF AMERICA	COM	50540R409	1,829	6,937	SH		SOLE		0	0	6,937
LINDE PLC	COM	G5494J103	425	1,330	SH		SOLE		0	0	1,330
LOCKHEED MARTIN	COM	539830109	1,021	2,312	SH		SOLE		0	0	2,312
LOWES COS	COM	548661107	18,539	91,689	SH		SOLE		0	0	91,689
M & T BANK CORP	COM	55261F104	2,297	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	444	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	11,037	62,799	SH		SOLE		0	0	62,799
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	280	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	13,975	56,515	SH		SOLE		0	0	56,515
MEDTRONIC INC	COM	G5960L103	638	5,752	SH		SOLE		0	0	5,752
MERCK & COMPANY INCORPORATED N	COM	58933Y105	7,160	87,266	SH		SOLE		0	0	87,266
MICROSOFT CORPORATION	COM	594918104	35,902	116,447	SH		SOLE		0	0	116,447
MONDELEZ INTL INC	COM	609207105	373	5,947	SH		SOLE		0	0	5,947
MORGAN STANLEY & CO	COM	617446448	771	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	1,212	5,004	SH		SOLE		0	0	5,004
NATIONAL FUEL GAS CO	COM	636180101	293	4,268	SH		SOLE		0	0	4,268
NESTLE SA REG ADR	COM	641069406	328	2,518	SH		SOLE		0	0	2,518
NEW YORK TIMES CL A	COM	650111107	220	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY	COM	65339F101	8,539	100,801	SH		SOLE		0	0	100,801
NIKE INC CLASS B	COM	654106103	228	1,698	SH		SOLE		0	0	1,698
NORFOLK SOUTHERN CORP	COM	655844108	437	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	1,211	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	503	1,125	SH		SOLE		0	0	1,125
NVIDIA CORP	COM	67066G104	1,876	6,876	SH		SOLE		0	0	6,876
ORACLE CORP	COM	68389X105	697	8,429	SH		SOLE		0	0	8,429
OTIS WORLDWIDE INC	COM	68902V107	618	8,027	SH		SOLE		0	0	8,027
PEPSICO INCORPORATED	COM	713448108	16,115	96,278	SH		SOLE		0	0	96,278
PFIZER INCORPORATED	COM	717081103	1,504	29,043	SH		SOLE		0	0	29,043
PHILIP MORRIS INTERNATIONAL	COM	718172109	414	4,410	SH		SOLE		0	0	4,410
PHILLIPS 66	COM	718546104	201	2,325	SH		SOLE		0	0	2,325
PIONEER NAT RES CO	COM	723787107	325	1,300	SH		SOLE		0	0	1,300
PNC FINANCIAL SERVICES GROUP	COM	693475105	1,004	5,446	SH		SOLE		0	0	5,446
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,279	6,286	SH		SOLE		0	0	6,286
PROCTER & GAMBLE COMPANY	COM	742718109	19,832	129,789	SH		SOLE		0	0	129,789
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	311	4,440	SH		SOLE		0	0	4,440
QUALCOMM INC	COM	747525103	242	1,581	SH		SOLE		0	0	1,581
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	8,365	84,436	SH		SOLE		0	0	84,436
SAUL CENTERS INC.	COM	804395101	355	6,728	SH		SOLE		0	0	6,728
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	335	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	678	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,249	44,810	SH		SOLE		0	0	44,810
SPDR S&P 500 ETF	COM	78462F103	509	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,423	17,432	SH		SOLE		0	0	17,432
T ROWE PRICE GROUP INC.	COM	74144T108	13,913	92,023	SH		SOLE		0	0	92,023
TARGET CORP	COM	87612E106	1,008	4,750	SH		SOLE		0	0	4,750
TESLA MOTORS INC	COM	88160R101	233	216	SH		SOLE		0	0	216
TEXAS INSTRUMENTS	COM	882508104	1,423	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	242	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	733	4,014	SH		SOLE		0	0	4,014
THERMO FISHER SCIENTIFIC	COM	883556102	688	1,164	SH		SOLE		0	0	1,164
TRIMBLE NAVIGATION	COM	896239100	245	3,400	SH		SOLE		0	0	3,400
TRUIST FINANCIAL CORP	COM	89832Q109	432	7,621	SH		SOLE		0	0	7,621
UDR INC	COM	902653104	1,129	19,679	SH		SOLE		0	0	19,679
UNILEVER PLC SPONS ADR	COM	904767704	228	5,000	SH		SOLE		0	0	5,000
UNION PACIFIC CORP	COM	907818108	8,744	32,005	SH		SOLE		0	0	32,005
UNITED HEALTHCARE CORP	COM	91324P102	11,749	23,038	SH		SOLE		0	0	23,038
UNITED PARCEL SERVICE INC CL B	COM	911312106	224	1,043	SH		SOLE		0	0	1,043
US BANCORP DEL (NEW)	COM	902973304	227	4,269	SH		SOLE		0	0	4,269
VANGUARD EMERGING MARKETS ETF	COM	922042858	770	16,685	SH		SOLE		0	0	16,685
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,295	26,953	SH		SOLE		0	0	26,953
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	82,640	198,425	SH		SOLE		0	0	198,425
VANGUARD MID CAP ETF	COM	922908629	8,272	34,780	SH		SOLE		0	0	34,780
VANGUARD REIT ETF	COM	922908553	2,374	21,902	SH		SOLE		0	0	21,902
VANGUARD S&P ETF	COM	922908363	1,017	2,450	SH		SOLE		0	0	2,450
VANGUARD SMALL CAP ETF	COM	922908751	5,977	28,122	SH		SOLE		0	0	28,122
VANGUARD TOTAL STOCK MARKET	COM	922908769	5,548	24,370	SH		SOLE		0	0	24,370
VERIZON COMMUNICATIONS	COM	92343V104	3,942	77,376	SH		SOLE		0	0	77,376
VISA INC CLASS A	COM	92826C839	12,686	57,203	SH		SOLE		0	0	57,203
VULCAN MATERIALS CO	COM	929160109	462	2,517	SH		SOLE		0	0	2,517
WAL-MART STORES INC	COM	931142103	1,372	9,213	SH		SOLE		0	0	9,213
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	720	16,085	SH		SOLE		0	0	16,085
WALT DISNEY COMPANY	COM	254687106	10,181	74,230	SH		SOLE		0	0	74,230
WASH REAL ESTATE INV TRUST S B	COM	939653101	1,489	58,390	SH		SOLE		0	0	58,390
WASTE CONNECTIONS INC	COM	94106B101	266	1,900	SH		SOLE		0	0	1,900
WELLS FARGO & CO. NEW	COM	949746101	5,084	104,919	SH		SOLE		0	0	104,919
WEYERHAEUSER CO	COM	962166104	255	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	226	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	262	2,214	SH		SOLE		0	0	2,214
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	302	2,360	SH		SOLE		0	0	2,360