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	1,447,000	15,461	SH		SOLE		0	0	15,461
ABBOTT LABORATORIES	COM	002824100	9,497,000	98,056	SH		SOLE		0	0	98,056
ABBVIE INC	COM	00287Y109	2,720,000	18,251	SH		SOLE		0	0	18,251
ADOBE SYSTEMS INCORPORATED	COM	00724F101	7,492,000	14,694	SH		SOLE		0	0	14,694
AFLAC INCORPORATED	COM	001055102	246,000	3,200	SH		SOLE		0	0	3,200
AIR PRODUCTS & CHEMICALS	COM	009158106	458,000	1,615	SH		SOLE		0	0	1,615
ALLSTATE CORPORATION	COM	020002101	547,000	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	17,275,000	131,023	SH		SOLE		0	0	131,023
ALPHABET INC VOTING CL A	COM	02079K305	1,581,000	12,085	SH		SOLE		0	0	12,085
AMAZON.COM INC	COM	023135106	13,969,000	109,891	SH		SOLE		0	0	109,891
AMERICAN ELECTRIC POWER	COM	025537101	272,000	3,611	SH		SOLE		0	0	3,611
AMERICAN EXPRESS INC	COM	025816109	4,053,000	27,169	SH		SOLE		0	0	27,169
AMGEN INC	COM	031162100	1,362,000	5,069	SH		SOLE		0	0	5,069
APPLE INC	COM	037833100	30,341,000	177,217	SH		SOLE		0	0	177,217
ARCHER DANIELS MIDLAND CO	COM	039483102	1,224,000	16,228	SH		SOLE		0	0	16,228
AT&T CORP NEW	COM	00206R102	452,000	30,118	SH		SOLE		0	0	30,118
ATMOS ENERGY CORP	COM	049560105	2,567,000	24,237	SH		SOLE		0	0	24,237
BALL CORP	COM	058498106	385,000	7,730	SH		SOLE		0	0	7,730
BANK OF AMERICA	COM	060505104	1,302,000	47,560	SH		SOLE		0	0	47,560
BANK OF NEW YORK MELLON CORP	COM	064058100	581,000	13,627	SH		SOLE		0	0	13,627
BECTON DICKINSON	COM	075887109	11,401,000	44,098	SH		SOLE		0	0	44,098
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,252,000	8	SH		SOLE		0	0	8
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,406,000	4,013	SH		SOLE		0	0	4,013
BOEING	COM	097023105	411,000	2,145	SH		SOLE		0	0	2,145
BP PLC SPONS ADR	COM	055622104	200,000	5,176	SH		SOLE		0	0	5,176
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	984,000	16,946	SH		SOLE		0	0	16,946
C S X CORPORATION	COM	126408103	773,000	25,151	SH		SOLE		0	0	25,151
CARRIER GLOBAL	COM	14448C104	588,000	10,644	SH		SOLE		0	0	10,644
CATERPILLAR INCORPORATED	COM	149123101	9,514,000	34,850	SH		SOLE		0	0	34,850
CHEMOURS CO	COM	163851108	20,240,000	721,562	SH		SOLE		0	0	721,562
CHEVRON CORP	COM	166764100	8,560,000	50,767	SH		SOLE		0	0	50,767
CHURCH & DWIGHT CO INC	COM	171340102	13,481,000	147,127	SH		SOLE		0	0	147,127
CISCO SYSTEMS INC	COM	17275R102	7,572,000	140,855	SH		SOLE		0	0	140,855
COCA-COLA COMPANY	COM	191216100	2,313,000	41,317	SH		SOLE		0	0	41,317
COLGATE-PALMOLIVE COMPANY	COM	194162103	386,000	5,434	SH		SOLE		0	0	5,434
COMCAST CORP NEW CL A	COM	20030N101	327,000	7,378	SH		SOLE		0	0	7,378
CONOCOPHILLIPS	COM	20825C104	714,000	5,957	SH		SOLE		0	0	5,957
CORNING INC.	COM	219350105	673,000	22,100	SH		SOLE		0	0	22,100
CORTEVA INC	COM	22052L104	66,986,000	1,309,352	SH		SOLE		0	0	1,309,352
COSTCO CO INC	COM	22160K105	312,000	552	SH		SOLE		0	0	552
CVS CAREMARK CORPORATION	COM	126650100	776,000	11,107	SH		SOLE		0	0	11,107
DANAHER CORP	COM	235851102	1,003,000	4,041	SH		SOLE		0	0	4,041
DEERE AND CO.	COM	244199105	518,000	1,373	SH		SOLE		0	0	1,373
DENTSPLY SIRONA INC	COM	24906P109	581,000	17,006	SH		SOLE		0	0	17,006
DISCOVER FINANCIAL SERVICES	COM	254709108	256,000	2,952	SH		SOLE		0	0	2,952
DOMINION RESOURCES INC OF VA	COM	25746U109	2,151,000	48,158	SH		SOLE		0	0	48,158
DOVER CORPORATION	COM	260003108	336,000	2,411	SH		SOLE		0	0	2,411
DOW CHEMICAL COMPANY (THE)	COM	260557103	63,534,000	1,232,231	SH		SOLE		0	0	1,232,231
DTE ENERGY	COM	233331107	212,000	2,135	SH		SOLE		0	0	2,135
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	78,121,000	1,047,338	SH		SOLE		0	0	1,047,338
DUKE ENERGY CORP	COM	26441C204	1,191,000	13,496	SH		SOLE		0	0	13,496
ELI LILLY & CO	COM	532457108	2,829,000	5,266	SH		SOLE		0	0	5,266
ELME COMMUNITIES	COM	939653101	406,000	29,795	SH		SOLE		0	0	29,795
EMERSON ELECTRIC CO.	COM	291011104	1,372,000	14,204	SH		SOLE		0	0	14,204
ENBRIDGE INC.	COM	29250N105	795,000	23,867	SH		SOLE		0	0	23,867
ESSENTIAL UTILITIES INC	COM	29670G102	6,214,000	181,004	SH		SOLE		0	0	181,004
EXXON MOBIL CORPORATION	COM	30231G102	10,530,000	89,559	SH		SOLE		0	0	89,559
FEDERAL REALTY INV TR S B I	COM	313745101	739,000	8,155	SH		SOLE		0	0	8,155
FEDEX CORP	COM	31428X106	5,664,000	21,379	SH		SOLE		0	0	21,379
FIRST SOLAR INC	COM	336433107	209,000	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	338,000	2,990	SH		SOLE		0	0	2,990
FRANKLIN RESOURCES INC	COM	354613101	543,000	22,095	SH		SOLE		0	0	22,095
GE HEALTHCARE TECHNOLOGIES	COM	36266g107	201,000	2,953	SH		SOLE		0	0	2,953
GENERAL ELECTRIC COMPANY	COM	369604301	1,324,000	11,977	SH		SOLE		0	0	11,977
GENERAL MILLS INC	COM	370334104	955,000	14,926	SH		SOLE		0	0	14,926
GLOBALSTAR INC	COM	378973408	20,000	15,000	SH		SOLE		0	0	15,000
GRAHAM HOLDINGS CO.	COM	384637104	202,000	346	SH		SOLE		0	0	346
HERSHEY COMPANY	COM	427866108	2,416,000	12,077	SH		SOLE		0	0	12,077
HOME DEPOT	COM	437076102	1,856,000	6,144	SH		SOLE		0	0	6,144
HONEYWELL INTERNATIONAL INC	COM	438516106	5,756,000	31,158	SH		SOLE		0	0	31,158
ILLINOIS TOOL WORKS INC.	COM	452308109	13,950,000	60,570	SH		SOLE		0	0	60,570
INTEL CORP COM	COM	458140100	4,426,000	124,495	SH		SOLE		0	0	124,495
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,024,000	14,423	SH		SOLE		0	0	14,423
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	10,290,000	150,945	SH		SOLE		0	0	150,945
INTUIT INC	COM	461202103	1,911,000	3,740	SH		SOLE		0	0	3,740
ISHARES MSCI EAFE INDEX	COM	464287465	210,000	3,040	SH		SOLE		0	0	3,040
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,295,000	67,830	SH		SOLE		0	0	67,830
ISHARES RUSSELL 2000 IDX	COM	464287655	5,075,000	28,713	SH		SOLE		0	0	28,713
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	7,604,000	109,807	SH		SOLE		0	0	109,807
JOHNSON & JOHNSON	COM	478160104	16,843,000	108,140	SH		SOLE		0	0	108,140
JPMORGAN CHASE & CO.	COM	46625H100	13,765,000	94,916	SH		SOLE		0	0	94,916
KELLANOVA	COM	487836108	2,181,000	36,641	SH		SOLE		0	0	36,641
KIMBERLY-CLARK CORP	COM	494368103	2,287,000	18,928	SH		SOLE		0	0	18,928
KIMCO REALTY CORP REIT	COM	49446R109	1,175,000	66,782	SH		SOLE		0	0	66,782
LABORATORY CORP OF AMERICA	COM	50540R409	1,318,000	6,556	SH		SOLE		0	0	6,556
LINDE PLC	COM	G54950103	477,000	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	789,000	1,929	SH		SOLE		0	0	1,929
LOWES COS	COM	548661107	17,906,000	86,155	SH		SOLE		0	0	86,155
M & T BANK CORP	COM	55261F104	1,713,000	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	346,000	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	11,873,000	60,406	SH		SOLE		0	0	60,406
MC DONALD'S CORPORATION	COM	580135101	14,664,000	55,662	SH		SOLE		0	0	55,662
MEDTRONIC INC	COM	G5960L103	485,000	6,185	SH		SOLE		0	0	6,185
MERCK & COMPANY INCORPORATED N	COM	58933Y105	8,215,000	79,799	SH		SOLE		0	0	79,799
META PLATFORMS INC	COM	30303M102	420,000	1,400	SH		SOLE		0	0	1,400
METTLER-TOLEDO INTL INC	COM	592688105	216,000	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	35,672,000	112,975	SH		SOLE		0	0	112,975
MONDELEZ INTL INC	COM	609207105	545,000	7,851	SH		SOLE		0	0	7,851
MORGAN STANLEY & CO	COM	617446448	720,000	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	323,000	1,187	SH		SOLE		0	0	1,187
NATIONAL FUEL GAS CO	COM	636180101	222,000	4,268	SH		SOLE		0	0	4,268
NESTLE SA REG ADR	COM	641069406	283,000	2,503	SH		SOLE		0	0	2,503
NEW YORK TIMES CL A	COM	650111107	260,000	6,310	SH		SOLE		0	0	6,310
NEXTERA ENERGY	COM	65339F101	6,438,000	112,370	SH		SOLE		0	0	112,370
NIKE INC CLASS B	COM	654106103	368,000	3,847	SH		SOLE		0	0	3,847
NORFOLK SOUTHERN CORP	COM	655844108	312,000	1,584	SH		SOLE		0	0	1,584
NORTHERN TRUST CORP	COM	665859104	723,000	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	352,000	800	SH		SOLE		0	0	800
NVIDIA CORP	COM	67066G104	3,331,000	7,658	SH		SOLE		0	0	7,658
ORACLE CORP	COM	68389X105	819,000	7,729	SH		SOLE		0	0	7,729
OTIS WORLDWIDE INC	COM	68902V107	561,000	6,989	SH		SOLE		0	0	6,989
PEPSICO INCORPORATED	COM	713448108	16,089,000	94,956	SH		SOLE		0	0	94,956
PFIZER INCORPORATED	COM	717081103	1,092,000	32,925	SH		SOLE		0	0	32,925
PHILIP MORRIS INTERNATIONAL	COM	718172109	384,000	4,150	SH		SOLE		0	0	4,150
PHILLIPS 66	COM	718546104	279,000	2,325	SH		SOLE		0	0	2,325
PIONEER NAT RES CO	COM	723787107	253,000	1,100	SH		SOLE		0	0	1,100
PNC FINANCIAL SERVICES GROUP	COM	693475105	658,000	5,359	SH		SOLE		0	0	5,359
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,270,000	6,337	SH		SOLE		0	0	6,337
PROCTER & GAMBLE COMPANY	COM	742718109	18,623,000	127,681	SH		SOLE		0	0	127,681
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	275,000	4,840	SH		SOLE		0	0	4,840
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	6,528,000	90,703	SH		SOLE		0	0	90,703
SALESFORCE.COM INC	COM	79466L302	209,000	1,032	SH		SOLE		0	0	1,032
SAUL CENTERS INC.	COM	804395101	226,000	6,401	SH		SOLE		0	0	6,401
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	221,000	3,750	SH		SOLE		0	0	3,750
SMUCKER J.M. CO	COM	832696405	640,000	5,206	SH		SOLE		0	0	5,206
SOUTHERN COMPANY (THE)	COM	842587107	2,790,000	43,106	SH		SOLE		0	0	43,106
SPDR S&P 500 ETF	COM	78462F103	427,000	1,000	SH		SOLE		0	0	1,000
SUMMIT FINANCIAL GROUP	COM	86606G101	265,000	11,750	SH		SOLE		0	0	11,750
SYSCO CORPORATION	COM	871829107	1,097,000	16,604	SH		SOLE		0	0	16,604
T ROWE PRICE GROUP INC.	COM	74144T108	10,236,000	97,611	SH		SOLE		0	0	97,611
TARGET CORP	COM	87612E106	542,000	4,900	SH		SOLE		0	0	4,900
TESLA MOTORS INC	COM	88160R101	1,224,000	4,892	SH		SOLE		0	0	4,892
TEXAS INSTRUMENTS	COM	882508104	1,234,000	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	562,000	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	643,000	3,939	SH		SOLE		0	0	3,939
THERMO FISHER SCIENTIFIC	COM	883556102	512,000	1,011	SH		SOLE		0	0	1,011
TRUIST FINANCIAL CORP	COM	89832Q109	266,000	9,305	SH		SOLE		0	0	9,305
UDR INC	COM	902653104	687,000	19,272	SH		SOLE		0	0	19,272
UNILEVER PLC SPONS ADR	COM	904767704	237,000	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	6,675,000	32,778	SH		SOLE		0	0	32,778
UNITED HEALTHCARE CORP	COM	91324P102	12,114,000	24,026	SH		SOLE		0	0	24,026
UNITED PARCEL SERVICE INC CL B	COM	911312106	229,000	1,471	SH		SOLE		0	0	1,471
VANGUARD EMERGING MARKETS ETF	COM	922042858	504,000	12,857	SH		SOLE		0	0	12,857
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	928,000	21,221	SH		SOLE		0	0	21,221
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	79,458,000	191,510	SH		SOLE		0	0	191,510
VANGUARD MID CAP ETF	COM	922908629	7,240,000	34,766	SH		SOLE		0	0	34,766
VANGUARD REIT ETF	COM	922908553	1,616,000	21,357	SH		SOLE		0	0	21,357
VANGUARD S&P ETF	COM	922908363	980,000	2,495	SH		SOLE		0	0	2,495
VANGUARD SMALL CAP ETF	COM	922908751	5,312,000	28,093	SH		SOLE		0	0	28,093
VANGUARD TOTAL STOCK MARKET	COM	922908769	5,283,000	24,870	SH		SOLE		0	0	24,870
VERIZON COMMUNICATIONS	COM	92343V104	2,309,000	71,229	SH		SOLE		0	0	71,229
VESTAS WIND SYS UK ADR	COM	925458101	137,000	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	13,918,000	60,511	SH		SOLE		0	0	60,511
VULCAN MATERIALS CO	COM	929160109	505,000	2,499	SH		SOLE		0	0	2,499
WAL-MART STORES INC	COM	931142103	1,755,000	10,974	SH		SOLE		0	0	10,974
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	240,000	10,805	SH		SOLE		0	0	10,805
WALT DISNEY COMPANY	COM	254687106	6,741,000	83,177	SH		SOLE		0	0	83,177
WASTE CONNECTIONS INC	COM	94106B101	256,000	1,900	SH		SOLE		0	0	1,900
WASTE MANAGEMENT INC.	COM	94106L109	248,000	1,629	SH		SOLE		0	0	1,629
WELLS FARGO & CO. NEW	COM	949746101	3,782,000	92,563	SH		SOLE		0	0	92,563
WEYERHAEUSER CO	COM	962166104	206,000	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	298,000	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	258,000	2,066	SH		SOLE		0	0	2,066