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	1,695,000	16,131	SH		SOLE		0	0	16,131
ABBOTT LABORATORIES	COM	002824100	9,622,000	95,020	SH		SOLE		0	0	95,020
ABBVIE INC	COM	00287Y109	3,125,000	19,610	SH		SOLE		0	0	19,610
ADOBE SYSTEMS INCORPORATED	COM	00724F101	5,729,000	14,867	SH		SOLE		0	0	14,867
AFLAC INCORPORATED	COM	001055102	219,000	3,400	SH		SOLE		0	0	3,400
AIR PRODUCTS & CHEMICALS	COM	009158106	393,000	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	544,000	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	13,442,000	129,254	SH		SOLE		0	0	129,254
ALPHABET INC VOTING CL A	COM	02079K305	1,066,000	10,280	SH		SOLE		0	0	10,280
ALTRIA GROUP	COM	02209S103	228,000	5,110	SH		SOLE		0	0	5,110
AMAZON.COM INC	COM	023135106	10,902,000	105,546	SH		SOLE		0	0	105,546
AMERICAN ELECTRIC POWER	COM	025537101	329,000	3,611	SH		SOLE		0	0	3,611
AMERICAN EXPRESS INC	COM	025816109	4,438,000	26,907	SH		SOLE		0	0	26,907
AMGEN INC	COM	031162100	1,196,000	4,946	SH		SOLE		0	0	4,946
APPLE INC	COM	037833100	28,491,000	172,776	SH		SOLE		0	0	172,776
ARCHER DANIELS MIDLAND CO	COM	039483102	1,216,000	15,266	SH		SOLE		0	0	15,266
AT&T CORP NEW	COM	00206R102	705,000	36,627	SH		SOLE		0	0	36,627
ATMOS ENERGY CORP	COM	049560105	2,719,000	24,196	SH		SOLE		0	0	24,196
BALL CORP	COM	058498106	230,000	4,166	SH		SOLE		0	0	4,166
BANK OF AMERICA	COM	060505104	1,394,000	48,756	SH		SOLE		0	0	48,756
BANK OF NEW YORK MELLON CORP	COM	064058100	618,000	13,596	SH		SOLE		0	0	13,596
BECTON DICKINSON	COM	075887109	10,848,000	43,822	SH		SOLE		0	0	43,822
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,725,000	8	SH		SOLE		0	0	8
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,190,000	3,855	SH		SOLE		0	0	3,855
BOEING	COM	097023105	2,050,000	9,648	SH		SOLE		0	0	9,648
BP PLC SPONS ADR	COM	055622104	208,000	5,476	SH		SOLE		0	0	5,476
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,199,000	17,303	SH		SOLE		0	0	17,303
C S X CORPORATION	COM	126408103	753,000	25,151	SH		SOLE		0	0	25,151
CABLE ONE INC	COM	12685J105	220,000	313	SH		SOLE		0	0	313
CARRIER GLOBAL	COM	14448C104	520,000	11,360	SH		SOLE		0	0	11,360
CATERPILLAR INCORPORATED	COM	149123101	8,129,000	35,523	SH		SOLE		0	0	35,523
CHEMOURS CO	COM	163851108	21,621,000	722,141	SH		SOLE		0	0	722,141
CHEVRON CORP	COM	166764100	8,244,000	50,525	SH		SOLE		0	0	50,525
CHURCH & DWIGHT CO INC	COM	171340102	13,029,000	147,373	SH		SOLE		0	0	147,373
CISCO SYSTEMS INC	COM	17275R102	7,378,000	141,129	SH		SOLE		0	0	141,129
COCA-COLA COMPANY	COM	191216100	2,553,000	41,153	SH		SOLE		0	0	41,153
COLGATE-PALMOLIVE COMPANY	COM	194162103	417,000	5,552	SH		SOLE		0	0	5,552
COMCAST CORP NEW CL A	COM	20030N101	299,000	7,876	SH		SOLE		0	0	7,876
CONOCOPHILLIPS	COM	20825C104	611,000	6,155	SH		SOLE		0	0	6,155
CORNING INC.	COM	219350105	833,000	23,600	SH		SOLE		0	0	23,600
CORTEVA INC	COM	22052L104	71,370,000	1,183,391	SH		SOLE		0	0	1,183,391
CVS CAREMARK CORPORATION	COM	126650100	826,000	11,115	SH		SOLE		0	0	11,115
DANAHER CORP	COM	235851102	912,000	3,620	SH		SOLE		0	0	3,620
DEERE AND CO.	COM	244199105	569,000	1,377	SH		SOLE		0	0	1,377
DENTSPLY SIRONA INC	COM	24906P109	782,000	19,896	SH		SOLE		0	0	19,896
DISCOVER FINANCIAL SERVICES	COM	254709108	308,000	3,111	SH		SOLE		0	0	3,111
DOMINION RESOURCES INC OF VA	COM	25746U109	2,794,000	49,969	SH		SOLE		0	0	49,969
DOVER CORPORATION	COM	260003108	416,000	2,735	SH		SOLE		0	0	2,735
DOW CHEMICAL COMPANY (THE)	COM	260557103	66,837,000	1,219,205	SH		SOLE		0	0	1,219,205
DTE ENERGY	COM	233331107	332,000	3,033	SH		SOLE		0	0	3,033
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	73,761,000	1,027,736	SH		SOLE		0	0	1,027,736
DUKE ENERGY CORP	COM	26441C204	1,310,000	13,578	SH		SOLE		0	0	13,578
ELI LILLY & CO	COM	532457108	1,828,000	5,322	SH		SOLE		0	0	5,322
ELME COMMUNITIES	COM	939653101	918,000	51,390	SH		SOLE		0	0	51,390
EMERSON ELECTRIC CO.	COM	291011104	1,227,000	14,077	SH		SOLE		0	0	14,077
ENBRIDGE INC.	COM	29250N105	913,000	23,982	SH		SOLE		0	0	23,982
ESSENTIAL UTILITIES INC	COM	29670G102	7,465,000	171,018	SH		SOLE		0	0	171,018
EXXON MOBIL CORPORATION	COM	30231G102	12,557,000	114,505	SH		SOLE		0	0	114,505
FEDERAL REALTY INV TR S B I	COM	313745101	813,000	8,229	SH		SOLE		0	0	8,229
FEDEX CORP	COM	31428X106	5,004,000	21,899	SH		SOLE		0	0	21,899
FISERV INC	COM	337738108	349,000	3,090	SH		SOLE		0	0	3,090
FNB CORP	COM	302520101	145,000	12,510	SH		SOLE		0	0	12,510
FRANKLIN RESOURCES INC	COM	354613101	585,000	21,720	SH		SOLE		0	0	21,720
GE HEALTHCARE TECHNOLOGIES	COM	36266g107	321,000	3,909	SH		SOLE		0	0	3,909
GENERAL ELECTRIC COMPANY	COM	369604301	1,247,000	13,048	SH		SOLE		0	0	13,048
GENERAL MILLS INC	COM	370334104	1,223,000	14,315	SH		SOLE		0	0	14,315
GLOBALSTAR INC	COM	378973408	17,000	15,000	SH		SOLE		0	0	15,000
GRAHAM HOLDINGS CO.	COM	384637104	206,000	346	SH		SOLE		0	0	346
HERSHEY COMPANY	COM	427866108	3,075,000	12,087	SH		SOLE		0	0	12,087
HOME DEPOT	COM	437076102	1,711,000	5,798	SH		SOLE		0	0	5,798
HONEYWELL INTERNATIONAL INC	COM	438516106	5,758,000	30,128	SH		SOLE		0	0	30,128
HP INC	COM	40434L105	229,000	7,819	SH		SOLE		0	0	7,819
ILLINOIS TOOL WORKS INC.	COM	452308109	14,530,000	59,683	SH		SOLE		0	0	59,683
INTEL CORP COM	COM	458140100	4,151,000	127,058	SH		SOLE		0	0	127,058
INTERNATIONAL BUSINESS MACHINE	COM	459200101	1,886,000	14,386	SH		SOLE		0	0	14,386
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	12,872,000	139,978	SH		SOLE		0	0	139,978
INTERNATIONAL PAPER CO	COM	460146103	206,000	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	1,605,000	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	239,000	3,340	SH		SOLE		0	0	3,340
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,555,000	66,239	SH		SOLE		0	0	66,239
ISHARES RUSSELL 2000 IDX	COM	464287655	5,184,000	29,058	SH		SOLE		0	0	29,058
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	7,764,000	111,035	SH		SOLE		0	0	111,035
JOHNSON & JOHNSON	COM	478160104	16,641,000	107,358	SH		SOLE		0	0	107,358
JPMORGAN CHASE & CO.	COM	46625H100	12,652,000	97,092	SH		SOLE		0	0	97,092
KELLOGG COMPANY	COM	487836108	2,475,000	36,966	SH		SOLE		0	0	36,966
KIMBERLY-CLARK CORP	COM	494368103	2,498,000	18,611	SH		SOLE		0	0	18,611
KIMCO REALTY CORP REIT	COM	49446R109	1,158,000	59,309	SH		SOLE		0	0	59,309
LABORATORY CORP OF AMERICA	COM	50540R409	1,574,000	6,862	SH		SOLE		0	0	6,862
LINDE PLC	COM	G54950103	451,000	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	972,000	2,057	SH		SOLE		0	0	2,057
LOWES COS	COM	548661107	17,544,000	87,731	SH		SOLE		0	0	87,731
M & T BANK CORP	COM	55261F104	1,620,000	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	390,000	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	10,257,000	61,775	SH		SOLE		0	0	61,775
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	239,000	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	15,578,000	55,714	SH		SOLE		0	0	55,714
MEDTRONIC INC	COM	G5960L103	497,000	6,165	SH		SOLE		0	0	6,165
MERCK & COMPANY INCORPORATED N	COM	58933Y105	9,587,000	90,112	SH		SOLE		0	0	90,112
META PLATFORMS INC	COM	30303M102	307,000	1,450	SH		SOLE		0	0	1,450
MICROSOFT CORPORATION	COM	594918104	32,536,000	112,855	SH		SOLE		0	0	112,855
MONDELEZ INTL INC	COM	609207105	548,000	7,865	SH		SOLE		0	0	7,865
MORGAN STANLEY & CO	COM	617446448	774,000	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	1,432,000	5,004	SH		SOLE		0	0	5,004
NATIONAL FUEL GAS CO	COM	636180101	246,000	4,268	SH		SOLE		0	0	4,268
NESTLE SA REG ADR	COM	641069406	305,000	2,503	SH		SOLE		0	0	2,503
NEXTERA ENERGY	COM	65339F101	8,285,000	107,491	SH		SOLE		0	0	107,491
NIKE INC CLASS B	COM	654106103	250,000	2,037	SH		SOLE		0	0	2,037
NORFOLK SOUTHERN CORP	COM	655844108	293,000	1,381	SH		SOLE		0	0	1,381
NORTHERN TRUST CORP	COM	665859104	917,000	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	425,000	920	SH		SOLE		0	0	920
NVIDIA CORP	COM	67066G104	2,114,000	7,612	SH		SOLE		0	0	7,612
ORACLE CORP	COM	68389X105	718,000	7,729	SH		SOLE		0	0	7,729
OTIS WORLDWIDE INC	COM	68902V107	631,000	7,481	SH		SOLE		0	0	7,481
PEPSICO INCORPORATED	COM	713448108	17,152,000	94,084	SH		SOLE		0	0	94,084
PFIZER INCORPORATED	COM	717081103	1,463,000	35,859	SH		SOLE		0	0	35,859
PHILIP MORRIS INTERNATIONAL	COM	718172109	410,000	4,217	SH		SOLE		0	0	4,217
PHILLIPS 66	COM	718546104	236,000	2,325	SH		SOLE		0	0	2,325
PIONEER NAT RES CO	COM	723787107	225,000	1,100	SH		SOLE		0	0	1,100
PNC FINANCIAL SERVICES GROUP	COM	693475105	681,000	5,356	SH		SOLE		0	0	5,356
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,017,000	6,286	SH		SOLE		0	0	6,286
PROCTER & GAMBLE COMPANY	COM	742718109	18,813,000	126,528	SH		SOLE		0	0	126,528
PSB HOLDING CORP	COM	69362L100	273,000	10,772	SH		SOLE		0	0	10,772
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	302,000	4,840	SH		SOLE		0	0	4,840
QUALCOMM INC	COM	747525103	202,000	1,584	SH		SOLE		0	0	1,584
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	8,341,000	85,176	SH		SOLE		0	0	85,176
SAUL CENTERS INC.	COM	804395101	254,000	6,501	SH		SOLE		0	0	6,501
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	254,000	3,750	SH		SOLE		0	0	3,750
SMUCKER J.M. CO	COM	832696405	819,000	5,206	SH		SOLE		0	0	5,206
SOUTHERN COMPANY (THE)	COM	842587107	3,059,000	43,963	SH		SOLE		0	0	43,963
SPDR S&P 500 ETF	COM	78462F103	462,000	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,224,000	15,852	SH		SOLE		0	0	15,852
T ROWE PRICE GROUP INC.	COM	74144T108	10,547,000	93,419	SH		SOLE		0	0	93,419
TARGET CORP	COM	87612E106	902,000	5,445	SH		SOLE		0	0	5,445
TEXAS INSTRUMENTS	COM	882508104	1,443,000	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	313,000	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	675,000	3,939	SH		SOLE		0	0	3,939
THERMO FISHER SCIENTIFIC	COM	883556102	612,000	1,061	SH		SOLE		0	0	1,061
TRUIST FINANCIAL CORP	COM	89832Q109	326,000	9,571	SH		SOLE		0	0	9,571
UDR INC	COM	902653104	804,000	19,571	SH		SOLE		0	0	19,571
UNILEVER PLC SPONS ADR	COM	904767704	249,000	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	6,432,000	31,957	SH		SOLE		0	0	31,957
UNITED HEALTHCARE CORP	COM	91324P102	10,776,000	22,801	SH		SOLE		0	0	22,801
UNITED PARCEL SERVICE INC CL B	COM	911312106	285,000	1,471	SH		SOLE		0	0	1,471
VANGUARD EMERGING MARKETS ETF	COM	922042858	596,000	14,742	SH		SOLE		0	0	14,742
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,097,000	24,281	SH		SOLE		0	0	24,281
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	75,765,000	196,552	SH		SOLE		0	0	196,552
VANGUARD MID CAP ETF	COM	922908629	7,370,000	34,943	SH		SOLE		0	0	34,943
VANGUARD REIT ETF	COM	922908553	1,773,000	21,355	SH		SOLE		0	0	21,355
VANGUARD S&P ETF	COM	922908363	921,000	2,450	SH		SOLE		0	0	2,450
VANGUARD SMALL CAP ETF	COM	922908751	5,375,000	28,357	SH		SOLE		0	0	28,357
VANGUARD TOTAL STOCK MARKET	COM	922908769	4,967,000	24,337	SH		SOLE		0	0	24,337
VERIZON COMMUNICATIONS	COM	92343V104	2,887,000	74,238	SH		SOLE		0	0	74,238
VISA INC CLASS A	COM	92826C839	13,036,000	57,818	SH		SOLE		0	0	57,818
VULCAN MATERIALS CO	COM	929160109	429,000	2,498	SH		SOLE		0	0	2,498
WAL-MART STORES INC	COM	931142103	1,554,000	10,538	SH		SOLE		0	0	10,538
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	426,000	12,305	SH		SOLE		0	0	12,305
WALT DISNEY COMPANY	COM	254687106	7,975,000	79,651	SH		SOLE		0	0	79,651
WASTE CONNECTIONS INC	COM	94106B101	264,000	1,900	SH		SOLE		0	0	1,900
WASTE MANAGEMENT INC.	COM	94106L109	210,000	1,288	SH		SOLE		0	0	1,288
WELLS FARGO & CO. NEW	COM	949746101	3,689,000	98,693	SH		SOLE		0	0	98,693
WEYERHAEUSER CO	COM	962166104	203,000	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	274,000	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	228,000	1,726	SH		SOLE		0	0	1,726
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	215,000	1,665	SH		SOLE		0	0	1,665