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	1,386,616	13,569	SH		SOLE		0	0	13,569
ABBOTT LABORATORIES	COM	002824100	10,514,445	101,188	SH		SOLE		0	0	101,188
ABBVIE INC	COM	00287Y109	2,547,415	14,852	SH		SOLE		0	0	14,852
ADOBE SYSTEMS INCORPORATED	COM	00724F101	8,231,436	14,817	SH		SOLE		0	0	14,817
AFLAC INCORPORATED	COM	001055102	272,396	3,050	SH		SOLE		0	0	3,050
AIR PRODUCTS & CHEMICALS	COM	009158106	425,266	1,648	SH		SOLE		0	0	1,648
ALLSTATE CORPORATION	COM	020002101	783,611	4,908	SH		SOLE		0	0	4,908
ALPHABET INC NON-VOTING CL C	COM	02079K107	23,469,506	127,955	SH		SOLE		0	0	127,955
ALPHABET INC VOTING CL A	COM	02079K305	2,174,871	11,940	SH		SOLE		0	0	11,940
AMAZON.COM INC	COM	023135106	20,905,785	108,180	SH		SOLE		0	0	108,180
AMERICAN ELECTRIC POWER	COM	025537101	262,606	2,993	SH		SOLE		0	0	2,993
AMERICAN EXPRESS INC	COM	025816109	6,295,845	27,190	SH		SOLE		0	0	27,190
AMGEN INC	COM	031162100	1,592,870	5,098	SH		SOLE		0	0	5,098
APPLE INC	COM	037833100	36,842,072	174,922	SH		SOLE		0	0	174,922
ARCHER DANIELS MIDLAND CO	COM	039483102	980,983	16,228	SH		SOLE		0	0	16,228
AT&T CORP NEW	COM	00206R102	399,074	20,883	SH		SOLE		0	0	20,883
ATMOS ENERGY CORP	COM	049560105	2,941,330	25,215	SH		SOLE		0	0	25,215
BALL CORP	COM	058498106	530,637	8,841	SH		SOLE		0	0	8,841
BANK OF AMERICA	COM	060505104	1,631,445	41,022	SH		SOLE		0	0	41,022
BANK OF NEW YORK MELLON CORP	COM	064058100	723,890	12,087	SH		SOLE		0	0	12,087
BECTON DICKINSON	COM	075887109	9,703,873	41,521	SH		SOLE		0	0	41,521
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	2,448,964	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	3,833,276	9,423	SH		SOLE		0	0	9,423
BOEING	COM	097023105	369,844	2,032	SH		SOLE		0	0	2,032
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	580,257	13,972	SH		SOLE		0	0	13,972
BURKE HERBERT CORP	COM	12135Y108	279,829	5,489	SH		SOLE		0	0	5,489
C S X CORPORATION	COM	126408103	821,231	24,551	SH		SOLE		0	0	24,551
CARRIER GLOBAL	COM	14448C104	677,038	10,733	SH		SOLE		0	0	10,733
CATERPILLAR INCORPORATED	COM	149123101	11,074,909	33,248	SH		SOLE		0	0	33,248
CHEMOURS CO	COM	163851108	15,065,272	667,491	SH		SOLE		0	0	667,491
CHEVRON CORP	COM	166764100	7,572,605	48,412	SH		SOLE		0	0	48,412
CHIPOTLE MEXICAN GRILL INC	COM	169656105	244,335	3,900	SH		SOLE		0	0	3,900
CHURCH & DWIGHT CO INC	COM	171340102	14,990,262	144,582	SH		SOLE		0	0	144,582
CIGNA CORP	COM	125509109	220,821	668	SH		SOLE		0	0	668
CISCO SYSTEMS INC	COM	17275R102	6,307,285	132,757	SH		SOLE		0	0	132,757
COCA-COLA COMPANY	COM	191216100	2,305,912	36,228	SH		SOLE		0	0	36,228
COLGATE-PALMOLIVE COMPANY	COM	194162103	527,315	5,434	SH		SOLE		0	0	5,434
COMCAST CORP NEW CL A	COM	20030N101	263,312	6,724	SH		SOLE		0	0	6,724
CONOCOPHILLIPS	COM	20825C104	678,159	5,929	SH		SOLE		0	0	5,929
CORNING INC.	COM	219350105	761,460	19,600	SH		SOLE		0	0	19,600
CORTEVA INC	COM	22052L104	70,624,451	1,309,315	SH		SOLE		0	0	1,309,315
COSTCO CO INC	COM	22160K105	477,694	562	SH		SOLE		0	0	562
CVS CAREMARK CORPORATION	COM	126650100	411,176	6,962	SH		SOLE		0	0	6,962
DANAHER CORP	COM	235851102	998,401	3,996	SH		SOLE		0	0	3,996
DEERE AND CO.	COM	244199105	502,532	1,345	SH		SOLE		0	0	1,345
DENTSPLY SIRONA INC	COM	24906P109	298,322	11,976	SH		SOLE		0	0	11,976
DISCOVER FINANCIAL SERVICES	COM	254709108	386,151	2,952	SH		SOLE		0	0	2,952
DOMINION RESOURCES INC OF VA	COM	25746U109	2,160,802	44,098	SH		SOLE		0	0	44,098
DOVER CORPORATION	COM	260003108	434,885	2,410	SH		SOLE		0	0	2,410
DOW CHEMICAL COMPANY (THE)	COM	260557103	65,338,025	1,231,631	SH		SOLE		0	0	1,231,631
DTE ENERGY	COM	233331107	237,006	2,135	SH		SOLE		0	0	2,135
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	83,195,832	1,033,617	SH		SOLE		0	0	1,033,617
DUKE ENERGY CORP	COM	26441C204	1,275,527	12,726	SH		SOLE		0	0	12,726
ELI LILLY & CO	COM	532457108	4,681,720	5,171	SH		SOLE		0	0	5,171
ELME COMMUNITIES	COM	939653101	251,598	15,794	SH		SOLE		0	0	15,794
EMERSON ELECTRIC CO.	COM	291011104	1,528,140	13,872	SH		SOLE		0	0	13,872
ENBRIDGE INC.	COM	29250N105	731,426	20,563	SH		SOLE		0	0	20,563
ESSENTIAL UTILITIES INC	COM	29670G102	7,440,765	199,324	SH		SOLE		0	0	199,324
EXXON MOBIL CORPORATION	COM	30231G102	10,273,769	89,244	SH		SOLE		0	0	89,244
FEDERAL REALTY INV TR S B I	COM	313745101	793,826	7,862	SH		SOLE		0	0	7,862
FEDEX CORP	COM	31428X106	5,882,561	19,619	SH		SOLE		0	0	19,619
FIRST SOLAR INC	COM	336433107	291,520	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	441,904	2,965	SH		SOLE		0	0	2,965
FRANKLIN RESOURCES INC	COM	354613101	490,471	21,945	SH		SOLE		0	0	21,945
GE VERNOVA INC	COM	36828A101	465,135	2,712	SH		SOLE		0	0	2,712
GENERAL ELECTRIC COMPANY	COM	369604301	1,736,747	10,925	SH		SOLE		0	0	10,925
GENERAL MILLS INC	COM	370334104	844,774	13,354	SH		SOLE		0	0	13,354
GRAHAM HOLDINGS CO.	COM	384637104	242,044	346	SH		SOLE		0	0	346
HERSHEY COMPANY	COM	427866108	1,777,085	9,667	SH		SOLE		0	0	9,667
HOME DEPOT	COM	437076102	1,963,545	5,704	SH		SOLE		0	0	5,704
HONEYWELL INTERNATIONAL INC	COM	438516106	6,509,980	30,486	SH		SOLE		0	0	30,486
HP INC	COM	40434L105	261,950	7,480	SH		SOLE		0	0	7,480
ILLINOIS TOOL WORKS INC.	COM	452308109	14,338,450	60,510	SH		SOLE		0	0	60,510
INTEL CORP COM	COM	458140100	3,666,260	118,381	SH		SOLE		0	0	118,381
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,540,117	14,687	SH		SOLE		0	0	14,687
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	14,262,553	149,801	SH		SOLE		0	0	149,801
INTUIT INC	COM	461202103	2,457,965	3,740	SH		SOLE		0	0	3,740
ISHARES MSCI EAFE INDEX	COM	464287465	211,491	2,700	SH		SOLE		0	0	2,700
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	9,107,476	66,352	SH		SOLE		0	0	66,352
ISHARES RUSSELL 2000 IDX	COM	464287655	5,623,299	27,716	SH		SOLE		0	0	27,716
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	8,612,155	106,218	SH		SOLE		0	0	106,218
JOHNSON & JOHNSON	COM	478160104	15,667,621	107,195	SH		SOLE		0	0	107,195
JPMORGAN CHASE & CO.	COM	46625H100	18,961,875	93,750	SH		SOLE		0	0	93,750
KELLANOVA	COM	487836108	1,955,986	33,911	SH		SOLE		0	0	33,911
KIMBERLY-CLARK CORP	COM	494368103	2,512,200	18,178	SH		SOLE		0	0	18,178
KIMCO REALTY CORP REIT	COM	49446R109	1,203,270	61,833	SH		SOLE		0	0	61,833
LABORATORY CORP OF AMERICA	COM	504922105	1,266,036	6,221	SH		SOLE		0	0	6,221
LINDE PLC	COM	G54950103	561,677	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	923,924	1,978	SH		SOLE		0	0	1,978
LOWES COS	COM	548661107	18,270,402	82,874	SH		SOLE		0	0	82,874
M & T BANK CORP	COM	55261F104	2,050,928	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	329,735	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	14,241,945	58,907	SH		SOLE		0	0	58,907
MC DONALD'S CORPORATION	COM	580135101	13,898,464	54,538	SH		SOLE		0	0	54,538
MEDTRONIC INC	COM	G5960L103	378,674	4,811	SH		SOLE		0	0	4,811
MERCK & COMPANY INCORPORATED N	COM	58933Y105	9,618,765	77,696	SH		SOLE		0	0	77,696
META PLATFORMS INC	COM	30303M102	3,922,327	7,779	SH		SOLE		0	0	7,779
METTLER-TOLEDO INTL INC	COM	592688105	272,530	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	46,606,158	104,276	SH		SOLE		0	0	104,276
MONDELEZ INTL INC	COM	609207105	514,489	7,862	SH		SOLE		0	0	7,862
MORGAN STANLEY & CO	COM	617446448	876,362	9,017	SH		SOLE		0	0	9,017
MOTOROLA SOLUTIONS, INC	COM	620076307	458,241	1,187	SH		SOLE		0	0	1,187
NESTLE SA REG ADR	COM	641069406	253,359	2,473	SH		SOLE		0	0	2,473
NEW YORK TIMES CL A	COM	650111107	315,454	6,160	SH		SOLE		0	0	6,160
NEXTERA ENERGY	COM	65339F101	9,063,751	128,001	SH		SOLE		0	0	128,001
NIKE INC CLASS B	COM	654106103	372,328	4,940	SH		SOLE		0	0	4,940
NORFOLK SOUTHERN CORP	COM	655844108	340,069	1,584	SH		SOLE		0	0	1,584
NORTHERN TRUST CORP	COM	665859104	873,392	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	372,737	855	SH		SOLE		0	0	855
NVIDIA CORP	COM	67066G104	9,884,435	80,010	SH		SOLE		0	0	80,010
ORACLE CORP	COM	68389X105	921,895	6,529	SH		SOLE		0	0	6,529
OTIS WORLDWIDE INC	COM	68902V107	626,364	6,507	SH		SOLE		0	0	6,507
PEPSICO INCORPORATED	COM	713448108	15,810,850	95,864	SH		SOLE		0	0	95,864
PFIZER INCORPORATED	COM	717081103	768,079	27,451	SH		SOLE		0	0	27,451
PHILIP MORRIS INTERNATIONAL	COM	718172109	419,202	4,137	SH		SOLE		0	0	4,137
PHILLIPS 66	COM	718546104	328,220	2,325	SH		SOLE		0	0	2,325
PNC FINANCIAL SERVICES GROUP	COM	693475105	838,037	5,390	SH		SOLE		0	0	5,390
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	3,036,120	6,337	SH		SOLE		0	0	6,337
PROCTER & GAMBLE COMPANY	COM	742718109	20,669,094	125,328	SH		SOLE		0	0	125,328
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	342,705	4,650	SH		SOLE		0	0	4,650
QUALCOMM INC	COM	747525103	339,403	1,704	SH		SOLE		0	0	1,704
RTX CORP.	COM	75513E101	9,437,162	94,005	SH		SOLE		0	0	94,005
SALESFORCE.COM INC	COM	79466L302	738,391	2,872	SH		SOLE		0	0	2,872
SAUL CENTERS INC.	COM	804395101	205,103	5,578	SH		SOLE		0	0	5,578
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	204,420	3,000	SH		SOLE		0	0	3,000
SHELL PLC ADR	COM	780259305	206,002	2,854	SH		SOLE		0	0	2,854
SMUCKER J.M. CO	COM	832696405	567,662	5,206	SH		SOLE		0	0	5,206
SOUTHERN COMPANY (THE)	COM	842587107	3,235,910	41,716	SH		SOLE		0	0	41,716
SPDR S&P 500 ETF	COM	78462F103	545,853	1,003	SH		SOLE		0	0	1,003
SYSCO CORPORATION	COM	871829107	1,012,453	14,182	SH		SOLE		0	0	14,182
T ROWE PRICE GROUP INC.	COM	74144T108	11,046,929	95,802	SH		SOLE		0	0	95,802
TARGET CORP	COM	87612E106	689,126	4,655	SH		SOLE		0	0	4,655
TESLA MOTORS INC	COM	88160R101	969,612	4,900	SH		SOLE		0	0	4,900
TEXAS INSTRUMENTS	COM	882508104	1,524,921	7,839	SH		SOLE		0	0	7,839
THE TJX COMPANIES	COM	872540109	696,272	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	800,956	3,939	SH		SOLE		0	0	3,939
THERMO FISHER SCIENTIFIC	COM	883556102	532,539	963	SH		SOLE		0	0	963
TRUIST FINANCIAL CORP	COM	89832Q109	303,224	7,805	SH		SOLE		0	0	7,805
UBER TECHNOLOGIES INC	COM	90353T100	225,308	3,100	SH		SOLE		0	0	3,100
UDR INC	COM	902653104	748,519	18,190	SH		SOLE		0	0	18,190
UNILEVER PLC SPONS ADR	COM	904767704	279,129	5,076	SH		SOLE		0	0	5,076
UNION PACIFIC CORP	COM	907818108	7,410,920	32,754	SH		SOLE		0	0	32,754
UNITED HEALTHCARE CORP	COM	91324P102	12,478,907	24,504	SH		SOLE		0	0	24,504
VANGUARD EMERGING MARKETS ETF	COM	922042858	479,697	10,962	SH		SOLE		0	0	10,962
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	942,489	19,071	SH		SOLE		0	0	19,071
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	106,518,660	184,739	SH		SOLE		0	0	184,739
VANGUARD MID CAP ETF	COM	922908629	8,095,340	33,438	SH		SOLE		0	0	33,438
VANGUARD REIT ETF	COM	922908553	1,806,033	21,562	SH		SOLE		0	0	21,562
VANGUARD S&P ETF	COM	922908363	779,703	1,559	SH		SOLE		0	0	1,559
VANGUARD SMALL CAP ETF	COM	922908751	5,840,419	26,786	SH		SOLE		0	0	26,786
VANGUARD TOTAL STOCK MARKET	COM	922908769	8,916,108	33,330	SH		SOLE		0	0	33,330
VERIZON COMMUNICATIONS	COM	92343V104	1,756,494	42,592	SH		SOLE		0	0	42,592
VESTAS WIND SYS UK ADR	COM	925458101	148,453	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	15,983,373	60,896	SH		SOLE		0	0	60,896
VULCAN MATERIALS CO	COM	929160109	621,451	2,499	SH		SOLE		0	0	2,499
WAL-MART STORES INC	COM	931142103	2,255,149	33,306	SH		SOLE		0	0	33,306
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	124,950	10,335	SH		SOLE		0	0	10,335
WALT DISNEY COMPANY	COM	254687106	8,163,227	82,216	SH		SOLE		0	0	82,216
WASTE CONNECTIONS INC	COM	94106B101	315,774	1,800	SH		SOLE		0	0	1,800
WASTE MANAGEMENT INC.	COM	94106L109	347,531	1,629	SH		SOLE		0	0	1,629
WELLS FARGO & CO. NEW	COM	949746101	5,005,092	84,275	SH		SOLE		0	0	84,275
WHITE MOUNTAINS INS.	COM	G9618E107	361,673	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	273,662	2,066	SH		SOLE		0	0	2,066