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	1,574,000	14,836	SH		SOLE		0	0	14,836
ABBOTT LABORATORIES	COM	002824100	11,722,000	103,136	SH		SOLE		0	0	103,136
ABBVIE INC	COM	00287Y109	3,292,000	18,078	SH		SOLE		0	0	18,078
ADOBE SYSTEMS INCORPORATED	COM	00724F101	7,432,000	14,729	SH		SOLE		0	0	14,729
AFLAC INCORPORATED	COM	001055102	262,000	3,050	SH		SOLE		0	0	3,050
AIR PRODUCTS & CHEMICALS	COM	009158106	387,000	1,598	SH		SOLE		0	0	1,598
ALLSTATE CORPORATION	COM	020002101	849,000	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	19,631,000	128,931	SH		SOLE		0	0	128,931
ALPHABET INC VOTING CL A	COM	02079K305	1,801,000	11,935	SH		SOLE		0	0	11,935
AMAZON.COM INC	COM	023135106	19,407,000	107,587	SH		SOLE		0	0	107,587
AMERICAN ELECTRIC POWER	COM	025537101	251,000	2,921	SH		SOLE		0	0	2,921
AMERICAN EXPRESS INC	COM	025816109	6,235,000	27,385	SH		SOLE		0	0	27,385
AMGEN INC	COM	031162100	1,437,000	5,054	SH		SOLE		0	0	5,054
APPLE INC	COM	037833100	30,087,000	175,457	SH		SOLE		0	0	175,457
ARCHER DANIELS MIDLAND CO	COM	039483102	1,019,000	16,228	SH		SOLE		0	0	16,228
AT&T CORP NEW	COM	00206R102	447,000	25,388	SH		SOLE		0	0	25,388
ATMOS ENERGY CORP	COM	049560105	2,887,000	24,285	SH		SOLE		0	0	24,285
BALL CORP	COM	058498106	551,000	8,185	SH		SOLE		0	0	8,185
BANK OF AMERICA	COM	060505104	1,662,000	43,839	SH		SOLE		0	0	43,839
BANK OF NEW YORK MELLON CORP	COM	064058100	729,000	12,657	SH		SOLE		0	0	12,657
BECTON DICKINSON	COM	075887109	10,413,000	42,083	SH		SOLE		0	0	42,083
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,441,000	7	SH		SOLE		0	0	7
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	2,077,000	4,938	SH		SOLE		0	0	4,938
BOEING	COM	097023105	390,000	2,020	SH		SOLE		0	0	2,020
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	892,000	16,445	SH		SOLE		0	0	16,445
C S X CORPORATION	COM	126408103	910,000	24,551	SH		SOLE		0	0	24,551
CARRIER GLOBAL	COM	14448C104	624,000	10,733	SH		SOLE		0	0	10,733
CATERPILLAR INCORPORATED	COM	149123101	12,429,000	33,918	SH		SOLE		0	0	33,918
CHEMOURS CO	COM	163851108	17,852,000	679,826	SH		SOLE		0	0	679,826
CHEVRON CORP	COM	166764100	7,873,000	49,914	SH		SOLE		0	0	49,914
CHIPOTLE MEXICAN GRILL INC	COM	169656105	227,000	78	SH		SOLE		0	0	78
CHURCH & DWIGHT CO INC	COM	171340102	15,106,000	144,818	SH		SOLE		0	0	144,818
CIGNA CORP	COM	125509109	243,000	668	SH		SOLE		0	0	668
CISCO SYSTEMS INC	COM	17275R102	6,883,000	137,912	SH		SOLE		0	0	137,912
COCA-COLA COMPANY	COM	191216100	2,241,000	36,623	SH		SOLE		0	0	36,623
COLGATE-PALMOLIVE COMPANY	COM	194162103	489,000	5,434	SH		SOLE		0	0	5,434
COMCAST CORP NEW CL A	COM	20030N101	298,000	6,879	SH		SOLE		0	0	6,879
CONOCOPHILLIPS	COM	20825C104	752,000	5,905	SH		SOLE		0	0	5,905
CORNING INC.	COM	219350105	679,000	20,600	SH		SOLE		0	0	20,600
CORTEVA INC	COM	22052L104	75,511,000	1,309,355	SH		SOLE		0	0	1,309,355
COSTCO CO INC	COM	22160K105	404,000	552	SH		SOLE		0	0	552
CVS CAREMARK CORPORATION	COM	126650100	870,000	10,910	SH		SOLE		0	0	10,910
DANAHER CORP	COM	235851102	989,000	3,961	SH		SOLE		0	0	3,961
DEERE AND CO.	COM	244199105	552,000	1,344	SH		SOLE		0	0	1,344
DENTSPLY SIRONA INC	COM	24906P109	468,000	14,091	SH		SOLE		0	0	14,091
DISCOVER FINANCIAL SERVICES	COM	254709108	387,000	2,952	SH		SOLE		0	0	2,952
DOMINION RESOURCES INC OF VA	COM	25746U109	2,195,000	44,627	SH		SOLE		0	0	44,627
DOVER CORPORATION	COM	260003108	427,000	2,410	SH		SOLE		0	0	2,410
DOW CHEMICAL COMPANY (THE)	COM	260557103	71,377,000	1,232,131	SH		SOLE		0	0	1,232,131
DTE ENERGY	COM	233331107	239,000	2,135	SH		SOLE		0	0	2,135
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	80,300,000	1,047,341	SH		SOLE		0	0	1,047,341
DUKE ENERGY CORP	COM	26441C204	1,296,000	13,396	SH		SOLE		0	0	13,396
ELI LILLY & CO	COM	532457108	4,050,000	5,206	SH		SOLE		0	0	5,206
ELME COMMUNITIES	COM	939653101	241,000	17,297	SH		SOLE		0	0	17,297
EMERSON ELECTRIC CO.	COM	291011104	1,608,000	14,181	SH		SOLE		0	0	14,181
ENBRIDGE INC.	COM	29250N105	828,000	22,885	SH		SOLE		0	0	22,885
ESSENTIAL UTILITIES INC	COM	29670G102	7,182,000	193,838	SH		SOLE		0	0	193,838
EXXON MOBIL CORPORATION	COM	30231G102	10,236,000	88,056	SH		SOLE		0	0	88,056
FEDERAL REALTY INV TR S B I	COM	313745101	806,000	7,897	SH		SOLE		0	0	7,897
FEDEX CORP	COM	31428X106	5,932,000	20,475	SH		SOLE		0	0	20,475
FIRST SOLAR INC	COM	336433107	218,000	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	475,000	2,975	SH		SOLE		0	0	2,975
FRANKLIN RESOURCES INC	COM	354613101	617,000	21,945	SH		SOLE		0	0	21,945
GE HEALTHCARE TECHNOLOGIES	COM	36266g107	257,000	2,827	SH		SOLE		0	0	2,827
GENERAL ELECTRIC COMPANY	COM	369604301	2,081,000	11,858	SH		SOLE		0	0	11,858
GENERAL MILLS INC	COM	370334104	947,000	13,539	SH		SOLE		0	0	13,539
GRAHAM HOLDINGS CO.	COM	384637104	266,000	346	SH		SOLE		0	0	346
HARLEY DAVIDSON INC	COM	412822108	217,000	4,966	SH		SOLE		0	0	4,966
HERSHEY COMPANY	COM	427866108	2,347,000	12,067	SH		SOLE		0	0	12,067
HOME DEPOT	COM	437076102	2,224,000	5,799	SH		SOLE		0	0	5,799
HONEYWELL INTERNATIONAL INC	COM	438516106	6,260,000	30,498	SH		SOLE		0	0	30,498
HP INC	COM	40434L105	226,000	7,480	SH		SOLE		0	0	7,480
ILLINOIS TOOL WORKS INC.	COM	452308109	16,115,000	60,057	SH		SOLE		0	0	60,057
INTEL CORP COM	COM	458140100	5,405,000	122,369	SH		SOLE		0	0	122,369
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,628,000	13,761	SH		SOLE		0	0	13,761
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	12,970,000	150,834	SH		SOLE		0	0	150,834
INTUIT INC	COM	461202103	2,431,000	3,740	SH		SOLE		0	0	3,740
ISHARES MSCI EAFE INDEX	COM	464287465	233,000	2,915	SH		SOLE		0	0	2,915
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	9,012,000	65,677	SH		SOLE		0	0	65,677
ISHARES RUSSELL 2000 IDX	COM	464287655	5,851,000	27,822	SH		SOLE		0	0	27,822
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,946,000	106,383	SH		SOLE		0	0	106,383
JOHNSON & JOHNSON	COM	478160104	16,902,000	106,848	SH		SOLE		0	0	106,848
JPMORGAN CHASE & CO.	COM	46625H100	18,794,000	93,831	SH		SOLE		0	0	93,831
KELLANOVA	COM	487836108	2,014,000	35,146	SH		SOLE		0	0	35,146
KIMBERLY-CLARK CORP	COM	494368103	2,351,000	18,178	SH		SOLE		0	0	18,178
KIMCO REALTY CORP REIT	COM	49446R109	1,299,000	66,227	SH		SOLE		0	0	66,227
LABORATORY CORP OF AMERICA	COM	50540R409	1,413,000	6,466	SH		SOLE		0	0	6,466
LINDE PLC	COM	G54950103	594,000	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	877,000	1,929	SH		SOLE		0	0	1,929
LOUISIANA PAC CORP	COM	546347105	200,000	2,384	SH		SOLE		0	0	2,384
LOWES COS	COM	548661107	21,270,000	83,500	SH		SOLE		0	0	83,500
M & T BANK CORP	COM	55261F104	1,971,000	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	367,000	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	14,926,000	59,156	SH		SOLE		0	0	59,156
MC DONALD'S CORPORATION	COM	580135101	15,485,000	54,922	SH		SOLE		0	0	54,922
MEDTRONIC INC	COM	G5960L103	413,000	4,743	SH		SOLE		0	0	4,743
MERCK & COMPANY INCORPORATED N	COM	58933Y105	10,367,000	78,568	SH		SOLE		0	0	78,568
META PLATFORMS INC	COM	30303M102	664,000	1,368	SH		SOLE		0	0	1,368
METTLER-TOLEDO INTL INC	COM	592688105	260,000	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	46,381,000	110,241	SH		SOLE		0	0	110,241
MONDELEZ INTL INC	COM	609207105	550,000	7,858	SH		SOLE		0	0	7,858
MORGAN STANLEY & CO	COM	617446448	830,000	8,820	SH		SOLE		0	0	8,820
MOTOROLA SOLUTIONS, INC	COM	620076307	421,000	1,187	SH		SOLE		0	0	1,187
NATIONAL FUEL GAS CO	COM	636180101	229,000	4,266	SH		SOLE		0	0	4,266
NESTLE SA REG ADR	COM	641069406	266,000	2,503	SH		SOLE		0	0	2,503
NEW YORK TIMES CL A	COM	650111107	273,000	6,310	SH		SOLE		0	0	6,310
NEXTERA ENERGY	COM	65339F101	8,116,000	126,989	SH		SOLE		0	0	126,989
NIKE INC CLASS B	COM	654106103	404,000	4,297	SH		SOLE		0	0	4,297
NORFOLK SOUTHERN CORP	COM	655844108	404,000	1,584	SH		SOLE		0	0	1,584
NORTHERN TRUST CORP	COM	665859104	925,000	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	312,000	652	SH		SOLE		0	0	652
NVIDIA CORP	COM	67066G104	7,037,000	7,788	SH		SOLE		0	0	7,788
ORACLE CORP	COM	68389X105	820,000	6,529	SH		SOLE		0	0	6,529
OTIS WORLDWIDE INC	COM	68902V107	649,000	6,539	SH		SOLE		0	0	6,539
PEPSICO INCORPORATED	COM	713448108	17,090,000	97,652	SH		SOLE		0	0	97,652
PFIZER INCORPORATED	COM	717081103	787,000	28,374	SH		SOLE		0	0	28,374
PHILIP MORRIS INTERNATIONAL	COM	718172109	366,000	4,000	SH		SOLE		0	0	4,000
PHILLIPS 66	COM	718546104	380,000	2,325	SH		SOLE		0	0	2,325
PIONEER NAT RES CO	COM	723787107	289,000	1,100	SH		SOLE		0	0	1,100
PNC FINANCIAL SERVICES GROUP	COM	693475105	855,000	5,289	SH		SOLE		0	0	5,289
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	2,592,000	5,837	SH		SOLE		0	0	5,837
PROCTER & GAMBLE COMPANY	COM	742718109	20,519,000	126,465	SH		SOLE		0	0	126,465
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	317,000	4,740	SH		SOLE		0	0	4,740
QUALCOMM INC	COM	747525103	267,000	1,578	SH		SOLE		0	0	1,578
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	9,048,000	92,776	SH		SOLE		0	0	92,776
SALESFORCE.COM INC	COM	79466L302	448,000	1,487	SH		SOLE		0	0	1,487
SAUL CENTERS INC.	COM	804395101	215,000	5,578	SH		SOLE		0	0	5,578
SMUCKER J.M. CO	COM	832696405	655,000	5,206	SH		SOLE		0	0	5,206
SOUTHERN COMPANY (THE)	COM	842587107	3,142,000	43,793	SH		SOLE		0	0	43,793
SPDR S&P 500 ETF	COM	78462F103	523,000	1,000	SH		SOLE		0	0	1,000
SUMMIT FINANCIAL GROUP	COM	86606G101	296,000	10,883	SH		SOLE		0	0	10,883
SYSCO CORPORATION	COM	871829107	1,232,000	15,181	SH		SOLE		0	0	15,181
T ROWE PRICE GROUP INC.	COM	74144T108	11,812,000	96,887	SH		SOLE		0	0	96,887
TARGET CORP	COM	87612E106	866,000	4,885	SH		SOLE		0	0	4,885
TESLA MOTORS INC	COM	88160R101	861,000	4,900	SH		SOLE		0	0	4,900
TEXAS INSTRUMENTS	COM	882508104	1,352,000	7,758	SH		SOLE		0	0	7,758
THE TJX COMPANIES	COM	872540109	641,000	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	907,000	3,939	SH		SOLE		0	0	3,939
THERMO FISHER SCIENTIFIC	COM	883556102	571,000	983	SH		SOLE		0	0	983
TRIMBLE NAVIGATION	COM	896239100	219,000	3,400	SH		SOLE		0	0	3,400
TRUIST FINANCIAL CORP	COM	89832Q109	319,000	8,180	SH		SOLE		0	0	8,180
UBER TECHNOLOGIES INC	COM	90353T100	239,000	3,100	SH		SOLE		0	0	3,100
UDR INC	COM	902653104	722,000	19,290	SH		SOLE		0	0	19,290
UNILEVER PLC SPONS ADR	COM	904767704	241,000	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	7,994,000	32,503	SH		SOLE		0	0	32,503
UNITED HEALTHCARE CORP	COM	91324P102	11,883,000	24,020	SH		SOLE		0	0	24,020
VANGUARD EMERGING MARKETS ETF	COM	922042858	504,000	12,062	SH		SOLE		0	0	12,062
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,043,000	20,786	SH		SOLE		0	0	20,786
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	97,729,000	186,385	SH		SOLE		0	0	186,385
VANGUARD MID CAP ETF	COM	922908629	8,294,000	33,195	SH		SOLE		0	0	33,195
VANGUARD REIT ETF	COM	922908553	1,818,000	21,027	SH		SOLE		0	0	21,027
VANGUARD S&P ETF	COM	922908363	749,000	1,559	SH		SOLE		0	0	1,559
VANGUARD SMALL CAP ETF	COM	922908751	6,114,000	26,748	SH		SOLE		0	0	26,748
VANGUARD TOTAL STOCK MARKET	COM	922908769	7,030,000	27,050	SH		SOLE		0	0	27,050
VERIZON COMMUNICATIONS	COM	92343V104	2,737,000	65,235	SH		SOLE		0	0	65,235
VESTAS WIND SYS UK ADR	COM	925458101	179,000	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	16,713,000	59,885	SH		SOLE		0	0	59,885
VULCAN MATERIALS CO	COM	929160109	682,000	2,499	SH		SOLE		0	0	2,499
WAL-MART STORES INC	COM	931142103	1,979,000	32,893	SH		SOLE		0	0	32,893
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	221,000	10,210	SH		SOLE		0	0	10,210
WALT DISNEY COMPANY	COM	254687106	9,911,000	80,997	SH		SOLE		0	0	80,997
WASTE CONNECTIONS INC	COM	94106B101	327,000	1,900	SH		SOLE		0	0	1,900
WASTE MANAGEMENT INC.	COM	94106L109	347,000	1,629	SH		SOLE		0	0	1,629
WELLS FARGO & CO. NEW	COM	949746101	5,085,000	87,738	SH		SOLE		0	0	87,738
WEYERHAEUSER CO	COM	962166104	242,000	6,729	SH		SOLE		0	0	6,729
WHITE MOUNTAINS INS.	COM	G9618E107	357,000	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	286,000	2,066	SH		SOLE		0	0	2,066