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	1,569,000	15,674	SH		SOLE		0	0	15,674
ABBOTT LABORATORIES	COM	002824100	10,696,000	98,110	SH		SOLE		0	0	98,110
ABBVIE INC	COM	00287Y109	2,558,000	18,988	SH		SOLE		0	0	18,988
ADOBE SYSTEMS INCORPORATED	COM	00724F101	7,233,000	14,792	SH		SOLE		0	0	14,792
AFLAC INCORPORATED	COM	001055102	237,000	3,400	SH		SOLE		0	0	3,400
AIR PRODUCTS & CHEMICALS	COM	009158106	484,000	1,615	SH		SOLE		0	0	1,615
ALLSTATE CORPORATION	COM	020002101	545,000	4,994	SH		SOLE		0	0	4,994
ALPHABET INC NON-VOTING CL C	COM	02079K107	15,880,000	131,269	SH		SOLE		0	0	131,269
ALPHABET INC VOTING CL A	COM	02079K305	1,447,000	12,085	SH		SOLE		0	0	12,085
ALTRIA GROUP	COM	02209S103	214,000	4,719	SH		SOLE		0	0	4,719
AMAZON.COM INC	COM	023135106	14,333,000	109,947	SH		SOLE		0	0	109,947
AMERICAN ELECTRIC POWER	COM	025537101	304,000	3,611	SH		SOLE		0	0	3,611
AMERICAN EXPRESS INC	COM	025816109	4,723,000	27,115	SH		SOLE		0	0	27,115
AMGEN INC	COM	031162100	1,125,000	5,069	SH		SOLE		0	0	5,069
APPLE INC	COM	037833100	34,462,000	177,666	SH		SOLE		0	0	177,666
ARCHER DANIELS MIDLAND CO	COM	039483102	1,226,000	16,228	SH		SOLE		0	0	16,228
AT&T CORP NEW	COM	00206R102	586,000	36,759	SH		SOLE		0	0	36,759
ATMOS ENERGY CORP	COM	049560105	2,827,000	24,302	SH		SOLE		0	0	24,302
BALL CORP	COM	058498106	383,000	6,585	SH		SOLE		0	0	6,585
BANK OF AMERICA	COM	060505104	1,405,000	48,954	SH		SOLE		0	0	48,954
BANK OF NEW YORK MELLON CORP	COM	064058100	607,000	13,627	SH		SOLE		0	0	13,627
BECTON DICKINSON	COM	075887109	11,704,000	44,333	SH		SOLE		0	0	44,333
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,142,000	8	SH		SOLE		0	0	8
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,372,000	4,023	SH		SOLE		0	0	4,023
BOEING	COM	097023105	2,027,000	9,598	SH		SOLE		0	0	9,598
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,117,000	17,472	SH		SOLE		0	0	17,472
C S X CORPORATION	COM	126408103	858,000	25,151	SH		SOLE		0	0	25,151
CABLE ONE INC	COM	12685J105	206,000	313	SH		SOLE		0	0	313
CARRIER GLOBAL	COM	14448C104	547,000	11,008	SH		SOLE		0	0	11,008
CATERPILLAR INCORPORATED	COM	149123101	8,724,000	35,456	SH		SOLE		0	0	35,456
CHEMOURS CO	COM	163851108	26,618,000	721,562	SH		SOLE		0	0	721,562
CHEVRON CORP	COM	166764100	8,016,000	50,942	SH		SOLE		0	0	50,942
CHURCH & DWIGHT CO INC	COM	171340102	14,771,000	147,368	SH		SOLE		0	0	147,368
CISCO SYSTEMS INC	COM	17275R102	7,407,000	143,165	SH		SOLE		0	0	143,165
COCA-COLA COMPANY	COM	191216100	2,604,000	43,234	SH		SOLE		0	0	43,234
COLGATE-PALMOLIVE COMPANY	COM	194162103	426,000	5,534	SH		SOLE		0	0	5,534
COMCAST CORP NEW CL A	COM	20030N101	309,000	7,427	SH		SOLE		0	0	7,427
CONOCOPHILLIPS	COM	20825C104	631,000	6,087	SH		SOLE		0	0	6,087
CORNING INC.	COM	219350105	827,000	23,600	SH		SOLE		0	0	23,600
CORTEVA INC	COM	22052L104	74,971,000	1,308,389	SH		SOLE		0	0	1,308,389
COSTCO CO INC	COM	22160K105	297,000	552	SH		SOLE		0	0	552
CVS CAREMARK CORPORATION	COM	126650100	768,000	11,106	SH		SOLE		0	0	11,106
DANAHER CORP	COM	235851102	979,000	4,080	SH		SOLE		0	0	4,080
DEERE AND CO.	COM	244199105	556,000	1,373	SH		SOLE		0	0	1,373
DENTSPLY SIRONA INC	COM	24906P109	732,000	18,291	SH		SOLE		0	0	18,291
DISCOVER FINANCIAL SERVICES	COM	254709108	377,000	3,226	SH		SOLE		0	0	3,226
DOMINION RESOURCES INC OF VA	COM	25746U109	2,597,000	50,144	SH		SOLE		0	0	50,144
DOVER CORPORATION	COM	260003108	374,000	2,535	SH		SOLE		0	0	2,535
DOW CHEMICAL COMPANY (THE)	COM	260557103	65,628,000	1,232,222	SH		SOLE		0	0	1,232,222
DTE ENERGY	COM	233331107	326,000	2,960	SH		SOLE		0	0	2,960
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	74,791,000	1,046,906	SH		SOLE		0	0	1,046,906
DUKE ENERGY CORP	COM	26441C204	1,251,000	13,935	SH		SOLE		0	0	13,935
ELI LILLY & CO	COM	532457108	2,493,000	5,316	SH		SOLE		0	0	5,316
ELME COMMUNITIES	COM	939653101	627,000	38,120	SH		SOLE		0	0	38,120
EMERSON ELECTRIC CO.	COM	291011104	1,284,000	14,203	SH		SOLE		0	0	14,203
ENBRIDGE INC.	COM	29250N105	904,000	24,324	SH		SOLE		0	0	24,324
ESSENTIAL UTILITIES INC	COM	29670G102	7,009,000	175,629	SH		SOLE		0	0	175,629
EXXON MOBIL CORPORATION	COM	30231G102	12,222,000	113,957	SH		SOLE		0	0	113,957
FEDERAL REALTY INV TR S B I	COM	313745101	802,000	8,289	SH		SOLE		0	0	8,289
FEDEX CORP	COM	31428X106	5,402,000	21,792	SH		SOLE		0	0	21,792
FIRST SOLAR INC	COM	336433107	246,000	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	377,000	2,990	SH		SOLE		0	0	2,990
FNB CORP	COM	302520101	139,000	12,110	SH		SOLE		0	0	12,110
FRANKLIN RESOURCES INC	COM	354613101	590,000	22,095	SH		SOLE		0	0	22,095
GE HEALTHCARE TECHNOLOGIES	COM	36266g107	277,000	3,404	SH		SOLE		0	0	3,404
GENERAL ELECTRIC COMPANY	COM	369604301	1,423,000	12,953	SH		SOLE		0	0	12,953
GENERAL MILLS INC	COM	370334104	1,167,000	15,220	SH		SOLE		0	0	15,220
GLOBALSTAR INC	COM	378973408	16,000	15,000	SH		SOLE		0	0	15,000
HERSHEY COMPANY	COM	427866108	3,016,000	12,077	SH		SOLE		0	0	12,077
HOME DEPOT	COM	437076102	1,982,000	6,380	SH		SOLE		0	0	6,380
HONEYWELL INTERNATIONAL INC	COM	438516106	6,407,000	30,876	SH		SOLE		0	0	30,876
HP INC	COM	40434L105	240,000	7,819	SH		SOLE		0	0	7,819
ILLINOIS TOOL WORKS INC.	COM	452308109	15,081,000	60,286	SH		SOLE		0	0	60,286
INTEL CORP COM	COM	458140100	4,269,000	127,658	SH		SOLE		0	0	127,658
INTERNATIONAL BUSINESS MACHINE	COM	459200101	1,934,000	14,453	SH		SOLE		0	0	14,453
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	12,037,000	151,233	SH		SOLE		0	0	151,233
INTUIT INC	COM	461202103	1,714,000	3,740	SH		SOLE		0	0	3,740
ISHARES MSCI EAFE INDEX	COM	464287465	240,000	3,315	SH		SOLE		0	0	3,315
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,528,000	67,167	SH		SOLE		0	0	67,167
ISHARES RUSSELL 2000 IDX	COM	464287655	5,419,000	28,937	SH		SOLE		0	0	28,937
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,040,000	110,093	SH		SOLE		0	0	110,093
JOHNSON & JOHNSON	COM	478160104	18,011,000	108,816	SH		SOLE		0	0	108,816
JPMORGAN CHASE & CO.	COM	46625H100	14,216,000	97,745	SH		SOLE		0	0	97,745
KELLOGG COMPANY	COM	487836108	2,521,000	37,406	SH		SOLE		0	0	37,406
KIMBERLY-CLARK CORP	COM	494368103	2,620,000	18,978	SH		SOLE		0	0	18,978
KIMCO REALTY CORP REIT	COM	49446R109	1,297,000	65,761	SH		SOLE		0	0	65,761
LABORATORY CORP OF AMERICA	COM	50540R409	1,588,000	6,582	SH		SOLE		0	0	6,582
LINDE PLC	COM	G54950103	488,000	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	895,000	1,945	SH		SOLE		0	0	1,945
LOWES COS	COM	548661107	19,781,000	87,643	SH		SOLE		0	0	87,643
M & T BANK CORP	COM	55261F104	1,677,000	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	380,000	4,782	SH		SOLE		0	0	4,782
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	11,189,000	60,915	SH		SOLE		0	0	60,915
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	218,000	1,775	SH		SOLE		0	0	1,775
MC DONALD'S CORPORATION	COM	580135101	16,647,000	55,784	SH		SOLE		0	0	55,784
MEDTRONIC INC	COM	G5960L103	553,000	6,275	SH		SOLE		0	0	6,275
MERCK & COMPANY INCORPORATED N	COM	58933Y105	10,504,000	91,027	SH		SOLE		0	0	91,027
META PLATFORMS INC	COM	30303M102	416,000	1,450	SH		SOLE		0	0	1,450
METTLER-TOLEDO INTL INC	COM	592688105	256,000	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	39,040,000	114,641	SH		SOLE		0	0	114,641
MONDELEZ INTL INC	COM	609207105	572,000	7,848	SH		SOLE		0	0	7,848
MORGAN STANLEY & CO	COM	617446448	773,000	9,051	SH		SOLE		0	0	9,051
MOTOROLA SOLUTIONS, INC	COM	620076307	1,468,000	5,004	SH		SOLE		0	0	5,004
NATIONAL FUEL GAS CO	COM	636180101	219,000	4,268	SH		SOLE		0	0	4,268
NESTLE SA REG ADR	COM	641069406	301,000	2,503	SH		SOLE		0	0	2,503
NEXTERA ENERGY	COM	65339F101	8,218,000	110,759	SH		SOLE		0	0	110,759
NIKE INC CLASS B	COM	654106103	354,000	3,207	SH		SOLE		0	0	3,207
NORFOLK SOUTHERN CORP	COM	655844108	359,000	1,584	SH		SOLE		0	0	1,584
NORTHERN TRUST CORP	COM	665859104	771,000	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	376,000	825	SH		SOLE		0	0	825
NVIDIA CORP	COM	67066G104	3,239,000	7,657	SH		SOLE		0	0	7,657
ORACLE CORP	COM	68389X105	931,000	7,820	SH		SOLE		0	0	7,820
OTIS WORLDWIDE INC	COM	68902V107	652,000	7,321	SH		SOLE		0	0	7,321
PEPSICO INCORPORATED	COM	713448108	17,471,000	94,325	SH		SOLE		0	0	94,325
PFIZER INCORPORATED	COM	717081103	1,261,000	34,376	SH		SOLE		0	0	34,376
PHILIP MORRIS INTERNATIONAL	COM	718172109	405,000	4,150	SH		SOLE		0	0	4,150
PHILLIPS 66	COM	718546104	222,000	2,325	SH		SOLE		0	0	2,325
PIONEER NAT RES CO	COM	723787107	228,000	1,100	SH		SOLE		0	0	1,100
PNC FINANCIAL SERVICES GROUP	COM	693475105	680,000	5,401	SH		SOLE		0	0	5,401
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,341,000	6,337	SH		SOLE		0	0	6,337
PROCTER & GAMBLE COMPANY	COM	742718109	19,469,000	128,302	SH		SOLE		0	0	128,302
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	303,000	4,840	SH		SOLE		0	0	4,840
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	8,683,000	88,638	SH		SOLE		0	0	88,638
SALESFORCE.COM INC	COM	79466L302	203,000	962	SH		SOLE		0	0	962
SAUL CENTERS INC.	COM	804395101	236,000	6,401	SH		SOLE		0	0	6,401
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	245,000	3,750	SH		SOLE		0	0	3,750
SMUCKER J.M. CO	COM	832696405	769,000	5,206	SH		SOLE		0	0	5,206
SOUTHERN COMPANY (THE)	COM	842587107	3,115,000	44,343	SH		SOLE		0	0	44,343
SPDR S&P 500 ETF	COM	78462F103	443,000	1,000	SH		SOLE		0	0	1,000
SUMMIT FINANCIAL GROUP	COM	86606G101	270,000	13,069	SH		SOLE		0	0	13,069
SYSCO CORPORATION	COM	871829107	1,232,000	16,603	SH		SOLE		0	0	16,603
T ROWE PRICE GROUP INC.	COM	74144T108	10,835,000	96,725	SH		SOLE		0	0	96,725
TARGET CORP	COM	87612E106	705,000	5,345	SH		SOLE		0	0	5,345
TESLA MOTORS INC	COM	88160R101	1,274,000	4,867	SH		SOLE		0	0	4,867
TEXAS INSTRUMENTS	COM	882508104	1,397,000	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	536,000	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	704,000	4,054	SH		SOLE		0	0	4,054
THERMO FISHER SCIENTIFIC	COM	883556102	538,000	1,031	SH		SOLE		0	0	1,031
TRUIST FINANCIAL CORP	COM	89832Q109	282,000	9,305	SH		SOLE		0	0	9,305
UDR INC	COM	902653104	832,000	19,371	SH		SOLE		0	0	19,371
UNILEVER PLC SPONS ADR	COM	904767704	250,000	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	6,741,000	32,944	SH		SOLE		0	0	32,944
UNITED HEALTHCARE CORP	COM	91324P102	11,405,000	23,729	SH		SOLE		0	0	23,729
UNITED PARCEL SERVICE INC CL B	COM	911312106	264,000	1,471	SH		SOLE		0	0	1,471
VANGUARD EMERGING MARKETS ETF	COM	922042858	552,000	13,567	SH		SOLE		0	0	13,567
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,012,000	21,906	SH		SOLE		0	0	21,906
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	85,914,000	194,305	SH		SOLE		0	0	194,305
VANGUARD MID CAP ETF	COM	922908629	7,729,000	35,108	SH		SOLE		0	0	35,108
VANGUARD REIT ETF	COM	922908553	1,785,000	21,361	SH		SOLE		0	0	21,361
VANGUARD S&P ETF	COM	922908363	998,000	2,450	SH		SOLE		0	0	2,450
VANGUARD SMALL CAP ETF	COM	922908751	5,677,000	28,542	SH		SOLE		0	0	28,542
VANGUARD TOTAL STOCK MARKET	COM	922908769	5,448,000	24,730	SH		SOLE		0	0	24,730
VERIZON COMMUNICATIONS	COM	92343V104	2,781,000	74,783	SH		SOLE		0	0	74,783
VESTAS WIND SYS UK ADR	COM	925458101	170,000	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	14,109,000	59,412	SH		SOLE		0	0	59,412
VULCAN MATERIALS CO	COM	929160109	563,000	2,499	SH		SOLE		0	0	2,499
WAL-MART STORES INC	COM	931142103	1,727,000	10,985	SH		SOLE		0	0	10,985
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	330,000	11,600	SH		SOLE		0	0	11,600
WALT DISNEY COMPANY	COM	254687106	7,379,000	82,654	SH		SOLE		0	0	82,654
WASTE CONNECTIONS INC	COM	94106B101	272,000	1,900	SH		SOLE		0	0	1,900
WASTE MANAGEMENT INC.	COM	94106L109	289,000	1,666	SH		SOLE		0	0	1,666
WELLS FARGO & CO. NEW	COM	949746101	4,162,000	97,516	SH		SOLE		0	0	97,516
WEYERHAEUSER CO	COM	962166104	236,000	7,037	SH		SOLE		0	0	7,037
WHITE MOUNTAINS INS.	COM	G9618E107	276,000	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	286,000	2,066	SH		SOLE		0	0	2,066
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	242,000	1,665	SH		SOLE		0	0	1,665