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	1,685,000	15,411	SH		SOLE		0	0	15,411
ABBOTT LABORATORIES	COM	002824100	10,699,000	97,205	SH		SOLE		0	0	97,205
ABBVIE INC	COM	00287Y109	2,807,000	18,116	SH		SOLE		0	0	18,116
ADOBE SYSTEMS INCORPORATED	COM	00724F101	8,784,000	14,723	SH		SOLE		0	0	14,723
AFLAC INCORPORATED	COM	001055102	264,000	3,200	SH		SOLE		0	0	3,200
AIR PRODUCTS & CHEMICALS	COM	009158106	438,000	1,598	SH		SOLE		0	0	1,598
ALLSTATE CORPORATION	COM	020002101	687,000	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	18,159,000	128,849	SH		SOLE		0	0	128,849
ALPHABET INC VOTING CL A	COM	02079K305	1,673,000	11,980	SH		SOLE		0	0	11,980
AMAZON.COM INC	COM	023135106	16,331,000	107,483	SH		SOLE		0	0	107,483
AMERICAN ELECTRIC POWER	COM	025537101	240,000	2,961	SH		SOLE		0	0	2,961
AMERICAN EXPRESS INC	COM	025816109	5,131,000	27,389	SH		SOLE		0	0	27,389
AMGEN INC	COM	031162100	1,456,000	5,054	SH		SOLE		0	0	5,054
APPLE INC	COM	037833100	33,924,000	176,202	SH		SOLE		0	0	176,202
ARCHER DANIELS MIDLAND CO	COM	039483102	1,172,000	16,228	SH		SOLE		0	0	16,228
AT&T CORP NEW	COM	00206R102	496,000	29,532	SH		SOLE		0	0	29,532
ATMOS ENERGY CORP	COM	049560105	2,802,000	24,180	SH		SOLE		0	0	24,180
BALL CORP	COM	058498106	472,000	8,210	SH		SOLE		0	0	8,210
BANK OF AMERICA	COM	060505104	1,550,000	46,038	SH		SOLE		0	0	46,038
BANK OF NEW YORK MELLON CORP	COM	064058100	683,000	13,127	SH		SOLE		0	0	13,127
BECTON DICKINSON	COM	075887109	10,643,000	43,649	SH		SOLE		0	0	43,649
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,798,000	7	SH		SOLE		0	0	7
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	1,795,000	5,033	SH		SOLE		0	0	5,033
BOEING	COM	097023105	559,000	2,145	SH		SOLE		0	0	2,145
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	867,000	16,900	SH		SOLE		0	0	16,900
C S X CORPORATION	COM	126408103	872,000	25,151	SH		SOLE		0	0	25,151
CARRIER GLOBAL	COM	14448C104	617,000	10,733	SH		SOLE		0	0	10,733
CATERPILLAR INCORPORATED	COM	149123101	10,073,000	34,070	SH		SOLE		0	0	34,070
CHEMOURS CO	COM	163851108	21,442,000	679,826	SH		SOLE		0	0	679,826
CHEVRON CORP	COM	166764100	7,435,000	49,847	SH		SOLE		0	0	49,847
CHURCH & DWIGHT CO INC	COM	171340102	13,734,000	145,243	SH		SOLE		0	0	145,243
CIGNA CORP	COM	125509109	200,000	668	SH		SOLE		0	0	668
CISCO SYSTEMS INC	COM	17275R102	6,980,000	138,160	SH		SOLE		0	0	138,160
COCA-COLA COMPANY	COM	191216100	2,201,000	37,349	SH		SOLE		0	0	37,349
COLGATE-PALMOLIVE COMPANY	COM	194162103	433,000	5,434	SH		SOLE		0	0	5,434
COMCAST CORP NEW CL A	COM	20030N101	324,000	7,378	SH		SOLE		0	0	7,378
CONOCOPHILLIPS	COM	20825C104	687,000	5,922	SH		SOLE		0	0	5,922
CORNING INC.	COM	219350105	658,000	21,600	SH		SOLE		0	0	21,600
CORTEVA INC	COM	22052L104	62,744,000	1,309,354	SH		SOLE		0	0	1,309,354
COSTCO CO INC	COM	22160K105	364,000	552	SH		SOLE		0	0	552
CVS CAREMARK CORPORATION	COM	126650100	877,000	11,109	SH		SOLE		0	0	11,109
DANAHER CORP	COM	235851102	905,000	3,911	SH		SOLE		0	0	3,911
DEERE AND CO.	COM	244199105	537,000	1,344	SH		SOLE		0	0	1,344
DENTSPLY SIRONA INC	COM	24906P109	605,000	17,006	SH		SOLE		0	0	17,006
DISCOVER FINANCIAL SERVICES	COM	254709108	332,000	2,952	SH		SOLE		0	0	2,952
DOMINION RESOURCES INC OF VA	COM	25746U109	2,132,000	45,362	SH		SOLE		0	0	45,362
DOVER CORPORATION	COM	260003108	371,000	2,410	SH		SOLE		0	0	2,410
DOW CHEMICAL COMPANY (THE)	COM	260557103	67,570,000	1,232,131	SH		SOLE		0	0	1,232,131
DTE ENERGY	COM	233331107	235,000	2,135	SH		SOLE		0	0	2,135
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	80,572,000	1,047,340	SH		SOLE		0	0	1,047,340
DUKE ENERGY CORP	COM	26441C204	1,300,000	13,396	SH		SOLE		0	0	13,396
ELI LILLY & CO	COM	532457108	3,041,000	5,216	SH		SOLE		0	0	5,216
ELME COMMUNITIES	COM	939653101	300,000	20,547	SH		SOLE		0	0	20,547
EMERSON ELECTRIC CO.	COM	291011104	1,383,000	14,205	SH		SOLE		0	0	14,205
ENBRIDGE INC.	COM	29250N105	822,000	22,832	SH		SOLE		0	0	22,832
ESSENTIAL UTILITIES INC	COM	29670G102	6,982,000	186,922	SH		SOLE		0	0	186,922
EXXON MOBIL CORPORATION	COM	30231G102	8,843,000	88,449	SH		SOLE		0	0	88,449
FEDERAL REALTY INV TR S B I	COM	313745101	823,000	7,982	SH		SOLE		0	0	7,982
FEDEX CORP	COM	31428X106	5,234,000	20,689	SH		SOLE		0	0	20,689
FIRST SOLAR INC	COM	336433107	223,000	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	397,000	2,990	SH		SOLE		0	0	2,990
FORTREA HOLDINGS INC	COM	34965K107	206,000	5,896	SH		SOLE		0	0	5,896
FRANKLIN RESOURCES INC	COM	354613101	658,000	22,095	SH		SOLE		0	0	22,095
GE HEALTHCARE TECHNOLOGIES	COM	36266g107	218,000	2,823	SH		SOLE		0	0	2,823
GENERAL ELECTRIC COMPANY	COM	369604301	1,512,000	11,846	SH		SOLE		0	0	11,846
GENERAL MILLS INC	COM	370334104	947,000	14,534	SH		SOLE		0	0	14,534
GLOBALSTAR INC	COM	378973408	29,000	15,000	SH		SOLE		0	0	15,000
GRAHAM HOLDINGS CO.	COM	384637104	241,000	346	SH		SOLE		0	0	346
HERSHEY COMPANY	COM	427866108	2,250,000	12,067	SH		SOLE		0	0	12,067
HOME DEPOT	COM	437076102	2,129,000	6,143	SH		SOLE		0	0	6,143
HONEYWELL INTERNATIONAL INC	COM	438516106	6,416,000	30,593	SH		SOLE		0	0	30,593
HP INC	COM	40434L105	225,000	7,480	SH		SOLE		0	0	7,480
ILLINOIS TOOL WORKS INC.	COM	452308109	15,719,000	60,011	SH		SOLE		0	0	60,011
INTEL CORP COM	COM	458140100	6,161,000	122,605	SH		SOLE		0	0	122,605
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,214,000	13,536	SH		SOLE		0	0	13,536
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	12,217,000	150,884	SH		SOLE		0	0	150,884
INTUIT INC	COM	461202103	2,338,000	3,740	SH		SOLE		0	0	3,740
ISHARES MSCI EAFE INDEX	COM	464287465	229,000	3,035	SH		SOLE		0	0	3,035
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,883,000	65,386	SH		SOLE		0	0	65,386
ISHARES RUSSELL 2000 IDX	COM	464287655	5,693,000	28,366	SH		SOLE		0	0	28,366
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,432,000	108,480	SH		SOLE		0	0	108,480
JOHNSON & JOHNSON	COM	478160104	16,728,000	106,726	SH		SOLE		0	0	106,726
JPMORGAN CHASE & CO.	COM	46625H100	15,992,000	94,017	SH		SOLE		0	0	94,017
KELLANOVA	COM	487836108	2,049,000	36,641	SH		SOLE		0	0	36,641
KIMBERLY-CLARK CORP	COM	494368103	2,251,000	18,528	SH		SOLE		0	0	18,528
KIMCO REALTY CORP REIT	COM	49446R109	1,401,000	65,729	SH		SOLE		0	0	65,729
LABORATORY CORP OF AMERICA	COM	50540R409	1,490,000	6,556	SH		SOLE		0	0	6,556
LINDE PLC	COM	G54950103	526,000	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	874,000	1,929	SH		SOLE		0	0	1,929
LOWES COS	COM	548661107	18,702,000	84,036	SH		SOLE		0	0	84,036
M & T BANK CORP	COM	55261F104	1,857,000	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	375,000	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	13,502,000	59,871	SH		SOLE		0	0	59,871
MC DONALD'S CORPORATION	COM	580135101	16,305,000	54,991	SH		SOLE		0	0	54,991
MEDTRONIC INC	COM	G5960L103	418,000	5,068	SH		SOLE		0	0	5,068
MERCK & COMPANY INCORPORATED N	COM	58933Y105	8,625,000	79,117	SH		SOLE		0	0	79,117
META PLATFORMS INC	COM	30303M102	430,000	1,215	SH		SOLE		0	0	1,215
METTLER-TOLEDO INTL INC	COM	592688105	237,000	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	41,568,000	110,542	SH		SOLE		0	0	110,542
MONDELEZ INTL INC	COM	609207105	569,000	7,854	SH		SOLE		0	0	7,854
MORGAN STANLEY & CO	COM	617446448	822,000	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	372,000	1,187	SH		SOLE		0	0	1,187
NATIONAL FUEL GAS CO	COM	636180101	214,000	4,266	SH		SOLE		0	0	4,266
NESTLE SA REG ADR	COM	641069406	289,000	2,503	SH		SOLE		0	0	2,503
NEW YORK TIMES CL A	COM	650111107	309,000	6,310	SH		SOLE		0	0	6,310
NEXTERA ENERGY	COM	65339F101	7,200,000	118,543	SH		SOLE		0	0	118,543
NIKE INC CLASS B	COM	654106103	440,000	4,052	SH		SOLE		0	0	4,052
NORFOLK SOUTHERN CORP	COM	655844108	374,000	1,584	SH		SOLE		0	0	1,584
NORTHERN TRUST CORP	COM	665859104	878,000	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	322,000	687	SH		SOLE		0	0	687
NVIDIA CORP	COM	67066G104	3,833,000	7,741	SH		SOLE		0	0	7,741
ORACLE CORP	COM	68389X105	688,000	6,529	SH		SOLE		0	0	6,529
OTIS WORLDWIDE INC	COM	68902V107	585,000	6,539	SH		SOLE		0	0	6,539
PEPSICO INCORPORATED	COM	713448108	16,224,000	95,523	SH		SOLE		0	0	95,523
PFIZER INCORPORATED	COM	717081103	867,000	30,101	SH		SOLE		0	0	30,101
PHILIP MORRIS INTERNATIONAL	COM	718172109	381,000	4,050	SH		SOLE		0	0	4,050
PHILLIPS 66	COM	718546104	310,000	2,325	SH		SOLE		0	0	2,325
PIONEER NAT RES CO	COM	723787107	247,000	1,100	SH		SOLE		0	0	1,100
PNC FINANCIAL SERVICES GROUP	COM	693475105	830,000	5,361	SH		SOLE		0	0	5,361
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,390,000	5,837	SH		SOLE		0	0	5,837
PROCTER & GAMBLE COMPANY	COM	742718109	18,485,000	126,146	SH		SOLE		0	0	126,146
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	290,000	4,740	SH		SOLE		0	0	4,740
QUALCOMM INC	COM	747525103	228,000	1,577	SH		SOLE		0	0	1,577
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	7,730,000	91,865	SH		SOLE		0	0	91,865
SALESFORCE.COM INC	COM	79466L302	315,000	1,197	SH		SOLE		0	0	1,197
SAUL CENTERS INC.	COM	804395101	243,000	6,178	SH		SOLE		0	0	6,178
SMUCKER J.M. CO	COM	832696405	658,000	5,206	SH		SOLE		0	0	5,206
SOUTHERN COMPANY (THE)	COM	842587107	3,071,000	43,793	SH		SOLE		0	0	43,793
SPDR S&P 500 ETF	COM	78462F103	475,000	1,000	SH		SOLE		0	0	1,000
SUMMIT FINANCIAL GROUP	COM	86606G101	358,000	11,680	SH		SOLE		0	0	11,680
SYSCO CORPORATION	COM	871829107	1,139,000	15,580	SH		SOLE		0	0	15,580
T ROWE PRICE GROUP INC.	COM	74144T108	10,357,000	96,172	SH		SOLE		0	0	96,172
TARGET CORP	COM	87612E106	696,000	4,885	SH		SOLE		0	0	4,885
TESLA MOTORS INC	COM	88160R101	1,216,000	4,892	SH		SOLE		0	0	4,892
TEXAS INSTRUMENTS	COM	882508104	1,322,000	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	593,000	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	750,000	3,939	SH		SOLE		0	0	3,939
THERMO FISHER SCIENTIFIC	COM	883556102	523,000	986	SH		SOLE		0	0	986
TRUIST FINANCIAL CORP	COM	89832Q109	341,000	9,230	SH		SOLE		0	0	9,230
UDR INC	COM	902653104	739,000	19,290	SH		SOLE		0	0	19,290
UNILEVER PLC SPONS ADR	COM	904767704	233,000	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	7,996,000	32,553	SH		SOLE		0	0	32,553
UNITED HEALTHCARE CORP	COM	91324P102	12,519,000	23,779	SH		SOLE		0	0	23,779
UNITED PARCEL SERVICE INC CL B	COM	911312106	227,000	1,446	SH		SOLE		0	0	1,446
VANGUARD EMERGING MARKETS ETF	COM	922042858	529,000	12,864	SH		SOLE		0	0	12,864
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,018,000	21,263	SH		SOLE		0	0	21,263
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	91,390,000	188,821	SH		SOLE		0	0	188,821
VANGUARD MID CAP ETF	COM	922908629	7,828,000	33,648	SH		SOLE		0	0	33,648
VANGUARD REIT ETF	COM	922908553	1,878,000	21,252	SH		SOLE		0	0	21,252
VANGUARD S&P ETF	COM	922908363	681,000	1,559	SH		SOLE		0	0	1,559
VANGUARD SMALL CAP ETF	COM	922908751	5,816,000	27,264	SH		SOLE		0	0	27,264
VANGUARD TOTAL STOCK MARKET	COM	922908769	6,113,000	25,768	SH		SOLE		0	0	25,768
VERIZON COMMUNICATIONS	COM	92343V104	2,530,000	67,101	SH		SOLE		0	0	67,101
VESTAS WIND SYS UK ADR	COM	925458101	203,000	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	15,589,000	59,877	SH		SOLE		0	0	59,877
VULCAN MATERIALS CO	COM	929160109	567,000	2,499	SH		SOLE		0	0	2,499
WAL-MART STORES INC	COM	931142103	1,725,000	10,942	SH		SOLE		0	0	10,942
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	280,000	10,705	SH		SOLE		0	0	10,705
WALT DISNEY COMPANY	COM	254687106	7,096,000	78,593	SH		SOLE		0	0	78,593
WASTE CONNECTIONS INC	COM	94106B101	284,000	1,900	SH		SOLE		0	0	1,900
WASTE MANAGEMENT INC.	COM	94106L109	292,000	1,629	SH		SOLE		0	0	1,629
WELLS FARGO & CO. NEW	COM	949746101	4,458,000	90,570	SH		SOLE		0	0	90,570
WEYERHAEUSER CO	COM	962166104	234,000	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	299,000	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	270,000	2,066	SH		SOLE		0	0	2,066