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	1,731,579	12,667	SH		SOLE		0	0	12,667
ABBOTT LABORATORIES	COM	002824100	11,562,666	101,418	SH		SOLE		0	0	101,418
ABBVIE INC	COM	00287Y109	2,888,145	14,625	SH		SOLE		0	0	14,625
ADOBE SYSTEMS INCORPORATED	COM	00724F101	7,659,520	14,793	SH		SOLE		0	0	14,793
AEROVIRONMENT INC.	COM	008073108	200,500	1,000	SH		SOLE		0	0	1,000
AFLAC INCORPORATED	COM	001055102	340,990	3,050	SH		SOLE		0	0	3,050
AIR PRODUCTS & CHEMICALS	COM	009158106	490,676	1,648	SH		SOLE		0	0	1,648
ALLSTATE CORPORATION	COM	020002101	872,390	4,600	SH		SOLE		0	0	4,600
ALPHABET INC NON-VOTING CL C	COM	02079K107	20,791,247	124,357	SH		SOLE		0	0	124,357
ALPHABET INC VOTING CL A	COM	02079K305	1,980,249	11,940	SH		SOLE		0	0	11,940
AMAZON.COM INC	COM	023135106	19,077,211	102,384	SH		SOLE		0	0	102,384
AMERICAN ELECTRIC POWER	COM	025537101	307,082	2,993	SH		SOLE		0	0	2,993
AMERICAN EXPRESS INC	COM	025816109	7,003,740	25,825	SH		SOLE		0	0	25,825
AMGEN INC	COM	031162100	1,642,627	5,098	SH		SOLE		0	0	5,098
APPLE INC	COM	037833100	37,821,492	162,324	SH		SOLE		0	0	162,324
ARCHER DANIELS MIDLAND CO	COM	039483102	764,314	12,794	SH		SOLE		0	0	12,794
AT&T CORP NEW	COM	00206R102	384,714	17,487	SH		SOLE		0	0	17,487
ATMOS ENERGY CORP	COM	049560105	3,401,447	24,522	SH		SOLE		0	0	24,522
BALL CORP	COM	058498106	640,120	9,426	SH		SOLE		0	0	9,426
BANK OF AMERICA	COM	060505104	1,511,768	38,099	SH		SOLE		0	0	38,099
BANK OF NEW YORK MELLON CORP	COM	064058100	828,905	11,535	SH		SOLE		0	0	11,535
BECTON DICKINSON	COM	075887109	9,681,371	40,155	SH		SOLE		0	0	40,155
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	2,764,720	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	4,254,183	9,243	SH		SOLE		0	0	9,243
BOEING	COM	097023105	285,379	1,877	SH		SOLE		0	0	1,877
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	670,706	12,963	SH		SOLE		0	0	12,963
BROADCOM LTD	COM	Y09827109	200,100	1,160	SH		SOLE		0	0	1,160
BURKE HERBERT CORP	COM	12135Y108	335,018	5,493	SH		SOLE		0	0	5,493
C S X CORPORATION	COM	126408103	828,755	24,001	SH		SOLE		0	0	24,001
CARRIER GLOBAL	COM	14448C104	787,836	9,788	SH		SOLE		0	0	9,788
CATERPILLAR INCORPORATED	COM	149123101	12,388,726	31,675	SH		SOLE		0	0	31,675
CHEMOURS CO	COM	163851108	13,506,115	664,671	SH		SOLE		0	0	664,671
CHEVRON CORP	COM	166764100	7,024,926	47,701	SH		SOLE		0	0	47,701
CHIPOTLE MEXICAN GRILL INC	COM	169656105	224,718	3,900	SH		SOLE		0	0	3,900
CHURCH & DWIGHT CO INC	COM	171340102	14,879,246	142,086	SH		SOLE		0	0	142,086
CIGNA CORP	COM	125509109	231,422	668	SH		SOLE		0	0	668
CISCO SYSTEMS INC	COM	17275R102	6,827,487	128,288	SH		SOLE		0	0	128,288
COCA-COLA COMPANY	COM	191216100	2,589,331	36,033	SH		SOLE		0	0	36,033
COLGATE-PALMOLIVE COMPANY	COM	194162103	558,913	5,384	SH		SOLE		0	0	5,384
COMCAST CORP NEW CL A	COM	20030N101	266,242	6,374	SH		SOLE		0	0	6,374
CONOCOPHILLIPS	COM	20825C104	620,310	5,892	SH		SOLE		0	0	5,892
CORNING INC.	COM	219350105	884,940	19,600	SH		SOLE		0	0	19,600
CORTEVA INC	COM	22052L104	76,974,746	1,309,317	SH		SOLE		0	0	1,309,317
COSTCO CO INC	COM	22160K105	498,224	562	SH		SOLE		0	0	562
CVS CAREMARK CORPORATION	COM	126650100	431,608	6,864	SH		SOLE		0	0	6,864
DANAHER CORP	COM	235851102	1,089,004	3,917	SH		SOLE		0	0	3,917
DEERE AND CO.	COM	244199105	561,309	1,345	SH		SOLE		0	0	1,345
DENTSPLY SIRONA INC	COM	24906P109	256,285	9,471	SH		SOLE		0	0	9,471
DISCOVER FINANCIAL SERVICES	COM	254709108	356,337	2,540	SH		SOLE		0	0	2,540
DOMINION RESOURCES INC OF VA	COM	25746U109	2,465,032	42,655	SH		SOLE		0	0	42,655
DOVER CORPORATION	COM	260003108	462,093	2,410	SH		SOLE		0	0	2,410
DOW CHEMICAL COMPANY (THE)	COM	260557103	65,119,834	1,192,016	SH		SOLE		0	0	1,192,016
DTE ENERGY	COM	233331107	270,945	2,110	SH		SOLE		0	0	2,110
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	89,951,911	1,009,448	SH		SOLE		0	0	1,009,448
DUKE ENERGY CORP	COM	26441C204	1,327,103	11,510	SH		SOLE		0	0	11,510
ELI LILLY & CO	COM	532457108	4,536,899	5,121	SH		SOLE		0	0	5,121
ELME COMMUNITIES	COM	939653101	272,539	15,494	SH		SOLE		0	0	15,494
EMERSON ELECTRIC CO.	COM	291011104	1,517,290	13,873	SH		SOLE		0	0	13,873
ENBRIDGE INC.	COM	29250N105	804,168	19,773	SH		SOLE		0	0	19,773
ESSENTIAL UTILITIES INC	COM	29670G102	7,721,984	200,207	SH		SOLE		0	0	200,207
EXXON MOBIL CORPORATION	COM	30231G102	10,162,974	86,700	SH		SOLE		0	0	86,700
FEDERAL REALTY INV TR S B I	COM	313745101	890,213	7,743	SH		SOLE		0	0	7,743
FEDEX CORP	COM	31428X106	5,320,339	19,440	SH		SOLE		0	0	19,440
FIRST SOLAR INC	COM	336433107	322,526	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	532,662	2,965	SH		SOLE		0	0	2,965
FRANKLIN RESOURCES INC	COM	354613101	442,192	21,945	SH		SOLE		0	0	21,945
GE HEALTHCARE TECHNOLOGIES	COM	36266g107	220,923	2,354	SH		SOLE		0	0	2,354
GE VERNOVA INC	COM	36828A101	666,518	2,614	SH		SOLE		0	0	2,614
GENERAL ELECTRIC COMPANY	COM	369604301	1,991,593	10,561	SH		SOLE		0	0	10,561
GENERAL MILLS INC	COM	370334104	912,638	12,358	SH		SOLE		0	0	12,358
GRAHAM HOLDINGS CO.	COM	384637104	284,315	346	SH		SOLE		0	0	346
HERSHEY COMPANY	COM	427866108	1,853,937	9,667	SH		SOLE		0	0	9,667
HOME DEPOT	COM	437076102	2,278,034	5,622	SH		SOLE		0	0	5,622
HONEYWELL INTERNATIONAL INC	COM	438516106	5,987,355	28,965	SH		SOLE		0	0	28,965
HP INC	COM	40434L105	268,308	7,480	SH		SOLE		0	0	7,480
ILLINOIS TOOL WORKS INC.	COM	452308109	15,951,415	60,867	SH		SOLE		0	0	60,867
INTEL CORP COM	COM	458140100	2,265,814	96,582	SH		SOLE		0	0	96,582
INTERNATIONAL BUSINESS MACHINE CORP	COM	459200101	2,804,179	12,684	SH		SOLE		0	0	12,684
INTERNATIONAL FLAVORS & FRAGRANCES	COM	459506101	14,291,676	136,202	SH		SOLE		0	0	136,202
INTUIT INC	COM	461202103	2,012,040	3,240	SH		SOLE		0	0	3,240
ISHARES MSCI EAFE INDEX	COM	464287465	225,801	2,700	SH		SOLE		0	0	2,700
ISHARES NASDAQ BIOTECH INDEX FD	COM	464287556	9,705,696	66,660	SH		SOLE		0	0	66,660
ISHARES RUSSELL 2000 IDX	COM	464287655	6,062,547	27,446	SH		SOLE		0	0	27,446
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	9,287,576	105,373	SH		SOLE		0	0	105,373
JOHNSON & JOHNSON	COM	478160104	17,144,165	105,789	SH		SOLE		0	0	105,789
JPMORGAN CHASE & CO.	COM	46625H100	18,862,903	89,457	SH		SOLE		0	0	89,457
KELLANOVA	COM	487836108	2,507,337	31,066	SH		SOLE		0	0	31,066
KIMBERLY-CLARK CORP	COM	494368103	2,336,095	16,419	SH		SOLE		0	0	16,419
KIMCO REALTY CORP REIT	COM	49446R109	1,408,665	60,666	SH		SOLE		0	0	60,666
LABORATORY CORP OF AMERICA	COM	504922105	1,047,227	4,686	SH		SOLE		0	0	4,686
LINDE PLC	COM	G54950103	610,381	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	1,156,260	1,978	SH		SOLE		0	0	1,978
LOUISIANA PAC CORP	COM	546347105	256,185	2,384	SH		SOLE		0	0	2,384
LOWES COS	COM	548661107	21,769,840	80,376	SH		SOLE		0	0	80,376
M & T BANK CORP	COM	55261F104	2,173,064	12,200	SH		SOLE		0	0	12,200
MANPOWER INC WISCONSIN	COM	56418H100	332,016	4,516	SH		SOLE		0	0	4,516
MARRIOTT INTERNATIONAL, NEW INC CL A	COM	571903202	14,696,486	59,117	SH		SOLE		0	0	59,117
MC DONALD'S CORPORATION	COM	580135101	16,534,893	54,300	SH		SOLE		0	0	54,300
MEDTRONIC INC	COM	G5960L103	446,639	4,961	SH		SOLE		0	0	4,961
MERCK & COMPANY INCORPORATED NEW	COM	58933Y105	8,547,093	75,265	SH		SOLE		0	0	75,265
META PLATFORMS INC	COM	30303M102	5,406,123	9,444	SH		SOLE		0	0	9,444
METTLER-TOLEDO INTL INC	COM	592688105	292,442	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	43,167,696	100,320	SH		SOLE		0	0	100,320
MONDELEZ INTL INC	COM	609207105	576,541	7,826	SH		SOLE		0	0	7,826
MORGAN STANLEY & CO	COM	617446448	854,038	8,193	SH		SOLE		0	0	8,193
MOTOROLA SOLUTIONS, INC	COM	620076307	533,711	1,187	SH		SOLE		0	0	1,187
NESTLE SA REG ADR	COM	641069406	248,957	2,473	SH		SOLE		0	0	2,473
NEW YORK TIMES CL A	COM	650111107	342,927	6,160	SH		SOLE		0	0	6,160
NEXTERA ENERGY	COM	65339F101	10,621,533	125,654	SH		SOLE		0	0	125,654
NIKE INC CLASS B	COM	654106103	461,006	5,215	SH		SOLE		0	0	5,215
NORFOLK SOUTHERN CORP	COM	655844108	389,897	1,569	SH		SOLE		0	0	1,569
NORTHERN TRUST CORP	COM	665859104	936,312	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	451,500	855	SH		SOLE		0	0	855
NVIDIA CORP	COM	67066G104	9,185,964	75,642	SH		SOLE		0	0	75,642
ORACLE CORP	COM	68389X105	1,112,542	6,529	SH		SOLE		0	0	6,529
OTIS WORLDWIDE INC	COM	68902V107	627,278	6,035	SH		SOLE		0	0	6,035
PEPSICO INCORPORATED	COM	713448108	16,093,362	94,639	SH		SOLE		0	0	94,639
PFIZER INCORPORATED	COM	717081103	746,565	25,797	SH		SOLE		0	0	25,797
PHILIP MORRIS INTERNATIONAL	COM	718172109	490,092	4,037	SH		SOLE		0	0	4,037
PHILLIPS 66	COM	718546104	305,621	2,325	SH		SOLE		0	0	2,325
PNC FINANCIAL SERVICES GROUP	COM	693475105	963,808	5,214	SH		SOLE		0	0	5,214
POWERSHARES QQQ TR ETF SERIES 1	COM	73935A104	3,092,900	6,337	SH		SOLE		0	0	6,337
PROCTER & GAMBLE COMPANY	COM	742718109	21,244,712	122,660	SH		SOLE		0	0	122,660
PUBLIC SERVICE ENTERPRISE GROUP INC	COM	744573106	414,827	4,650	SH		SOLE		0	0	4,650
QUALCOMM INC	COM	747525103	289,935	1,705	SH		SOLE		0	0	1,705
RTX CORP.	COM	75513E101	11,344,695	93,634	SH		SOLE		0	0	93,634
SALESFORCE.COM INC	COM	79466L302	1,259,340	4,601	SH		SOLE		0	0	4,601
SAUL CENTERS INC.	COM	804395101	234,053	5,578	SH		SOLE		0	0	5,578
SELECT SECTOR SPDR TR UTILITIES	COM	81369Y886	242,340	3,000	SH		SOLE		0	0	3,000
SMUCKER J.M. CO	COM	832696405	509,347	4,206	SH		SOLE		0	0	4,206
SOUTHERN COMPANY (THE)	COM	842587107	3,725,516	41,312	SH		SOLE		0	0	41,312
SPDR S&P 500 ETF	COM	78462F103	575,481	1,003	SH		SOLE		0	0	1,003
SYSCO CORPORATION	COM	871829107	932,661	11,948	SH		SOLE		0	0	11,948
T ROWE PRICE GROUP INC.	COM	74144T108	10,265,345	94,238	SH		SOLE		0	0	94,238
TARGET CORP	COM	87612E106	621,102	3,985	SH		SOLE		0	0	3,985
TESLA MOTORS INC	COM	88160R101	1,319,138	5,042	SH		SOLE		0	0	5,042
TEXAS INSTRUMENTS	COM	882508104	1,619,302	7,839	SH		SOLE		0	0	7,839
THE TJX COMPANIES	COM	872540109	743,323	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	800,456	3,419	SH		SOLE		0	0	3,419
THERMO FISHER SCIENTIFIC	COM	883556102	567,847	918	SH		SOLE		0	0	918
TRIMBLE NAVIGATION	COM	896239100	211,106	3,400	SH		SOLE		0	0	3,400
TRUIST FINANCIAL CORP	COM	89832Q109	332,964	7,785	SH		SOLE		0	0	7,785
UBER TECHNOLOGIES INC	COM	90353T100	232,996	3,100	SH		SOLE		0	0	3,100
UDR INC	COM	902653104	820,201	18,090	SH		SOLE		0	0	18,090
UNILEVER PLC SPONS ADR	COM	904767704	329,737	5,076	SH		SOLE		0	0	5,076
UNION PACIFIC CORP	COM	907818108	7,898,205	32,044	SH		SOLE		0	0	32,044
UNITED HEALTHCARE CORP	COM	91324P102	14,494,802	24,791	SH		SOLE		0	0	24,791
VANGUARD EMERGING MARKETS ETF	COM	922042858	497,496	10,397	SH		SOLE		0	0	10,397
VANGUARD FTSE DEVELOPED MARKETS ETF	COM	921943858	992,353	18,791	SH		SOLE		0	0	18,791
VANGUARD INFORMATION TECHNOLOGY VIPERS	COM	92204A702	107,535,509	183,345	SH		SOLE		0	0	183,345
VANGUARD MID CAP ETF	COM	922908629	8,726,441	33,076	SH		SOLE		0	0	33,076
VANGUARD REIT ETF	COM	922908553	1,938,073	19,894	SH		SOLE		0	0	19,894
VANGUARD S&P ETF	COM	922908363	836,885	1,586	SH		SOLE		0	0	1,586
VANGUARD SMALL CAP ETF	COM	922908751	6,273,967	26,449	SH		SOLE		0	0	26,449
VANGUARD TOTAL STOCK MARKET	COM	922908769	10,935,922	38,621	SH		SOLE		0	0	38,621
VERIZON COMMUNICATIONS	COM	92343V104	1,599,470	35,615	SH		SOLE		0	0	35,615
VESTAS WIND SYS UK ADR	COM	925458101	141,679	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	16,564,638	60,246	SH		SOLE		0	0	60,246
VULCAN MATERIALS CO	COM	929160109	623,571	2,490	SH		SOLE		0	0	2,490
WAL-MART STORES INC	COM	931142103	2,686,714	33,272	SH		SOLE		0	0	33,272
WALT DISNEY COMPANY	COM	254687106	7,998,391	83,152	SH		SOLE		0	0	83,152
WASTE CONNECTIONS INC	COM	94106B101	322,146	1,800	SH		SOLE		0	0	1,800
WASTE MANAGEMENT INC.	COM	94106L109	338,180	1,629	SH		SOLE		0	0	1,629
WELLS FARGO & CO. NEW	COM	949746101	4,581,395	81,101	SH		SOLE		0	0	81,101
WEYERHAEUSER CO	COM	962166104	205,225	6,061	SH		SOLE		0	0	6,061
WHITE MOUNTAINS INS.	COM	G9618E107	337,544	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	288,641	2,066	SH		SOLE		0	0	2,066