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	1,646,672	12,756	SH		SOLE		0	0	12,756
ABBOTT LABORATORIES	COM	002824100	11,035,803	97,567	SH		SOLE		0	0	97,567
ABBVIE INC	COM	00287Y109	2,525,117	14,210	SH		SOLE		0	0	14,210
ADOBE SYSTEMS INCORPORATED	COM	00724F101	6,062,767	13,634	SH		SOLE		0	0	13,634
AFLAC INCORPORATED	COM	001055102	315,492	3,050	SH		SOLE		0	0	3,050
AIR PRODUCTS & CHEMICALS	COM	009158106	477,986	1,648	SH		SOLE		0	0	1,648
ALLSTATE CORPORATION	COM	020002101	886,834	4,600	SH		SOLE		0	0	4,600
ALPHABET INC NON-VOTING CL C	COM	02079K107	22,878,319	120,134	SH		SOLE		0	0	120,134
ALPHABET INC VOTING CL A	COM	02079K305	1,936,539	10,230	SH		SOLE		0	0	10,230
AMAZON.COM INC	COM	023135106	20,593,262	93,866	SH		SOLE		0	0	93,866
AMERICAN ELECTRIC POWER	COM	025537101	286,374	3,105	SH		SOLE		0	0	3,105
AMERICAN EXPRESS INC	COM	025816109	6,802,130	22,919	SH		SOLE		0	0	22,919
AMGEN INC	COM	031162100	1,322,227	5,073	SH		SOLE		0	0	5,073
APPLE INC	COM	037833100	38,811,845	154,987	SH		SOLE		0	0	154,987
ARCHER DANIELS MIDLAND CO	COM	039483102	664,035	13,144	SH		SOLE		0	0	13,144
AT&T CORP NEW	COM	00206R102	397,314	17,449	SH		SOLE		0	0	17,449
ATMOS ENERGY CORP	COM	049560105	3,423,117	24,579	SH		SOLE		0	0	24,579
BALL CORP	COM	058498106	502,400	9,113	SH		SOLE		0	0	9,113
BANK OF AMERICA	COM	060505104	1,528,317	34,774	SH		SOLE		0	0	34,774
BANK OF NEW YORK MELLON CORP	COM	064058100	757,006	9,853	SH		SOLE		0	0	9,853
BECTON DICKINSON	COM	075887109	8,849,518	39,007	SH		SOLE		0	0	39,007
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	2,723,680	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	4,015,154	8,858	SH		SOLE		0	0	8,858
BOEING	COM	097023105	294,174	1,662	SH		SOLE		0	0	1,662
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	737,203	13,034	SH		SOLE		0	0	13,034
BROADCOM LTD	COM	Y09827109	384,854	1,660	SH		SOLE		0	0	1,660
BURKE HERBERT CORP	COM	12135Y108	303,568	4,868	SH		SOLE		0	0	4,868
C S X CORPORATION	COM	126408103	789,034	24,451	SH		SOLE		0	0	24,451
CARRIER GLOBAL	COM	14448C104	652,361	9,557	SH		SOLE		0	0	9,557
CATERPILLAR INCORPORATED	COM	149123101	11,287,277	31,115	SH		SOLE		0	0	31,115
CHEMOURS CO	COM	163851108	11,232,940	664,671	SH		SOLE		0	0	664,671
CHEVRON CORP	COM	166764100	7,051,246	48,683	SH		SOLE		0	0	48,683
CHIPOTLE MEXICAN GRILL INC	COM	169656105	235,170	3,900	SH		SOLE		0	0	3,900
CHURCH & DWIGHT CO INC	COM	171340102	14,557,517	139,027	SH		SOLE		0	0	139,027
CISCO SYSTEMS INC	COM	17275R102	7,195,227	121,541	SH		SOLE		0	0	121,541
COCA-COLA COMPANY	COM	191216100	2,282,016	36,653	SH		SOLE		0	0	36,653
COLGATE-PALMOLIVE COMPANY	COM	194162103	519,460	5,714	SH		SOLE		0	0	5,714
COMCAST CORP NEW CL A	COM	20030N101	237,115	6,318	SH		SOLE		0	0	6,318
CONOCOPHILLIPS	COM	20825C104	544,146	5,487	SH		SOLE		0	0	5,487
CORNING INC.	COM	219350105	836,352	17,600	SH		SOLE		0	0	17,600
CORTEVA INC	COM	22052L104	72,722,769	1,276,734	SH		SOLE		0	0	1,276,734
COSTCO CO INC	COM	22160K105	514,944	562	SH		SOLE		0	0	562
CVS CAREMARK CORPORATION	COM	126650100	257,713	5,741	SH		SOLE		0	0	5,741
DANAHER CORP	COM	235851102	926,693	4,037	SH		SOLE		0	0	4,037
DEERE AND CO.	COM	244199105	477,086	1,126	SH		SOLE		0	0	1,126
DISCOVER FINANCIAL SERVICES	COM	254709108	368,633	2,128	SH		SOLE		0	0	2,128
DOMINION ENERGY	COM	25746U109	2,177,829	40,435	SH		SOLE		0	0	40,435
DOVER CORPORATION	COM	260003108	452,116	2,410	SH		SOLE		0	0	2,410
DOW CHEMICAL COMPANY (THE)	COM	260557103	47,818,507	1,191,590	SH		SOLE		0	0	1,191,590
DTE ENERGY	COM	233331107	244,760	2,027	SH		SOLE		0	0	2,027
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	75,019,554	983,863	SH		SOLE		0	0	983,863
DUKE ENERGY CORP	COM	26441C204	1,234,700	11,460	SH		SOLE		0	0	11,460
ELI LILLY & CO	COM	532457108	3,785,116	4,903	SH		SOLE		0	0	4,903
ELME COMMUNITIES	COM	939653101	202,236	13,244	SH		SOLE		0	0	13,244
EMERSON ELECTRIC CO.	COM	291011104	1,728,700	13,949	SH		SOLE		0	0	13,949
ENBRIDGE INC.	COM	29250N105	812,237	19,143	SH		SOLE		0	0	19,143
ESSENTIAL UTILITIES INC	COM	29670G102	7,333,952	201,926	SH		SOLE		0	0	201,926
EXXON MOBIL CORPORATION	COM	30231G102	9,125,163	84,830	SH		SOLE		0	0	84,830
FEDERAL REALTY INV TR S B I	COM	313745101	860,112	7,683	SH		SOLE		0	0	7,683
FEDEX CORP	COM	31428X106	5,424,042	19,280	SH		SOLE		0	0	19,280
FIRST SOLAR INC	COM	336433107	227,878	1,293	SH		SOLE		0	0	1,293
FISERV INC	COM	337738108	598,799	2,915	SH		SOLE		0	0	2,915
FRANKLIN RESOURCES INC	COM	354613101	445,264	21,945	SH		SOLE		0	0	21,945
GE VERNOVA INC	COM	36828A101	840,087	2,554	SH		SOLE		0	0	2,554
GENERAL ELECTRIC COMPANY	COM	369604301	1,727,611	10,358	SH		SOLE		0	0	10,358
GENERAL MILLS INC	COM	370334104	741,390	11,626	SH		SOLE		0	0	11,626
GRAHAM HOLDINGS CO.	COM	384637104	301,684	346	SH		SOLE		0	0	346
HERSHEY COMPANY	COM	427866108	1,625,252	9,597	SH		SOLE		0	0	9,597
HOME DEPOT	COM	437076102	2,182,234	5,610	SH		SOLE		0	0	5,610
HONEYWELL INTERNATIONAL INC	COM	438516106	6,539,516	28,950	SH		SOLE		0	0	28,950
HOWMET AEROSPACE	COM	443201108	209,006	1,911	SH		SOLE		0	0	1,911
HP INC	COM	40434L105	247,335	7,580	SH		SOLE		0	0	7,580
ILLINOIS TOOL WORKS INC.	COM	452308109	15,315,278	60,401	SH		SOLE		0	0	60,401
INTEL CORP COM	COM	458140100	718,452	35,833	SH		SOLE		0	0	35,833
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,679,068	12,187	SH		SOLE		0	0	12,187
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	10,621,171	125,620	SH		SOLE		0	0	125,620
INTUIT INC	COM	461202103	2,036,340	3,240	SH		SOLE		0	0	3,240
ISHARES MSCI EAFE INDEX	COM	464287465	203,391	2,690	SH		SOLE		0	0	2,690
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	8,628,025	65,260	SH		SOLE		0	0	65,260
ISHARES RUSSELL 2000 IDX	COM	464287655	6,029,777	27,289	SH		SOLE		0	0	27,289
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	9,159,478	103,614	SH		SOLE		0	0	103,614
JOHNSON & JOHNSON	COM	478160104	14,991,165	103,659	SH		SOLE		0	0	103,659
JPMORGAN CHASE & CO.	COM	46625H100	20,189,814	84,226	SH		SOLE		0	0	84,226
KELLANOVA	COM	487836108	2,387,481	29,486	SH		SOLE		0	0	29,486
KIMBERLY-CLARK CORP	COM	494368103	2,177,099	16,614	SH		SOLE		0	0	16,614
KIMCO REALTY CORP REIT	COM	49446R109	1,405,777	59,999	SH		SOLE		0	0	59,999
LABORATORY CORP OF AMERICA	COM	504922105	479,279	2,090	SH		SOLE		0	0	2,090
LINDE PLC	COM	G54950103	535,898	1,280	SH		SOLE		0	0	1,280
LOCKHEED MARTIN	COM	539830109	1,058,377	2,178	SH		SOLE		0	0	2,178
LOUISIANA PAC CORP	COM	546347105	246,863	2,384	SH		SOLE		0	0	2,384
LOWES COS	COM	548661107	19,418,471	78,681	SH		SOLE		0	0	78,681
M & T BANK CORP	COM	55261F104	2,331,324	12,400	SH		SOLE		0	0	12,400
MANPOWER INC WISCONSIN	COM	56418H100	260,664	4,516	SH		SOLE		0	0	4,516
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	16,454,671	58,990	SH		SOLE		0	0	58,990
MC DONALD'S CORPORATION	COM	580135101	15,432,584	53,236	SH		SOLE		0	0	53,236
MEDTRONIC INC	COM	G5960L103	386,699	4,841	SH		SOLE		0	0	4,841
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,905,006	69,411	SH		SOLE		0	0	69,411
META PLATFORMS INC	COM	30303M102	6,247,977	10,671	SH		SOLE		0	0	10,671
METTLER-TOLEDO INTL INC	COM	592688105	238,618	195	SH		SOLE		0	0	195
MICROSOFT CORPORATION	COM	594918104	40,313,103	95,642	SH		SOLE		0	0	95,642
MONDELEZ INTL INC	COM	609207105	416,915	6,980	SH		SOLE		0	0	6,980
MORGAN STANLEY & CO	COM	617446448	926,431	7,369	SH		SOLE		0	0	7,369
MOTOROLA SOLUTIONS, INC	COM	620076307	525,556	1,137	SH		SOLE		0	0	1,137
NEW YORK TIMES CL A	COM	650111107	311,259	5,980	SH		SOLE		0	0	5,980
NEXTERA ENERGY	COM	65339F101	8,616,421	120,190	SH		SOLE		0	0	120,190
NIKE INC CLASS B	COM	654106103	354,590	4,686	SH		SOLE		0	0	4,686
NORFOLK SOUTHERN CORP	COM	655844108	462,124	1,969	SH		SOLE		0	0	1,969
NORTHERN TRUST CORP	COM	665859104	1,066,000	10,400	SH		SOLE		0	0	10,400
NORTHROP GRUMMAN CORP	COM	666807102	448,172	955	SH		SOLE		0	0	955
NVIDIA CORP	COM	67066G104	8,032,153	59,812	SH		SOLE		0	0	59,812
ORACLE CORP	COM	68389X105	1,001,340	6,009	SH		SOLE		0	0	6,009
OTIS WORLDWIDE INC	COM	68902V107	542,972	5,863	SH		SOLE		0	0	5,863
PACKAGING CORP OF AMERICA	COM	695156109	547,066	2,430	SH		SOLE		0	0	2,430
PEPSICO INCORPORATED	COM	713448108	14,125,766	92,896	SH		SOLE		0	0	92,896
PFIZER INCORPORATED	COM	717081103	620,616	23,393	SH		SOLE		0	0	23,393
PHILIP MORRIS INTERNATIONAL	COM	718172109	494,037	4,105	SH		SOLE		0	0	4,105
PHILLIPS 66	COM	718546104	287,673	2,525	SH		SOLE		0	0	2,525
PNC FINANCIAL SERVICES GROUP	COM	693475105	1,069,739	5,547	SH		SOLE		0	0	5,547
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	3,239,665	6,337	SH		SOLE		0	0	6,337
PROCTER & GAMBLE COMPANY	COM	742718109	20,139,459	120,128	SH		SOLE		0	0	120,128
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	346,409	4,100	SH		SOLE		0	0	4,100
QUALCOMM INC	COM	747525103	261,922	1,705	SH		SOLE		0	0	1,705
RTX CORP.	COM	75513E101	10,786,724	93,214	SH		SOLE		0	0	93,214
SALESFORCE.COM INC	COM	79466L302	2,596,072	7,765	SH		SOLE		0	0	7,765
SAUL CENTERS INC.	COM	804395101	216,426	5,578	SH		SOLE		0	0	5,578
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	227,070	3,000	SH		SOLE		0	0	3,000
SMUCKER J.M. CO	COM	832696405	331,021	3,006	SH		SOLE		0	0	3,006
SOUTHERN COMPANY (THE)	COM	842587107	3,402,286	41,330	SH		SOLE		0	0	41,330
SPDR S&P 500 ETF	COM	78462F103	587,838	1,003	SH		SOLE		0	0	1,003
SYSCO CORPORATION	COM	871829107	904,063	11,824	SH		SOLE		0	0	11,824
T ROWE PRICE GROUP INC.	COM	74144T108	10,301,820	91,094	SH		SOLE		0	0	91,094
TARGET CORP	COM	87612E106	417,030	3,085	SH		SOLE		0	0	3,085
TESLA MOTORS INC	COM	88160R101	1,876,644	4,647	SH		SOLE		0	0	4,647
TEXAS INSTRUMENTS	COM	882508104	1,464,641	7,811	SH		SOLE		0	0	7,811
THE TJX COMPANIES	COM	872540109	764,002	6,324	SH		SOLE		0	0	6,324
THE TRAVELERS COS INC	COM	89417E109	698,340	2,899	SH		SOLE		0	0	2,899
THERMO FISHER SCIENTIFIC	COM	883556102	477,571	918	SH		SOLE		0	0	918
TRIMBLE NAVIGATION	COM	896239100	240,244	3,400	SH		SOLE		0	0	3,400
TRUIST FINANCIAL CORP	COM	89832Q109	368,079	8,485	SH		SOLE		0	0	8,485
UDR INC	COM	902653104	782,031	18,015	SH		SOLE		0	0	18,015
UNION PACIFIC CORP	COM	907818108	7,302,525	32,023	SH		SOLE		0	0	32,023
UNITED HEALTHCARE CORP	COM	91324P102	12,759,307	25,223	SH		SOLE		0	0	25,223
VANGUARD EMERGING MARKETS ETF	COM	922042858	455,241	10,337	SH		SOLE		0	0	10,337
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	896,195	18,741	SH		SOLE		0	0	18,741
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	113,117,856	181,920	SH		SOLE		0	0	181,920
VANGUARD MID CAP ETF	COM	922908629	8,734,251	33,068	SH		SOLE		0	0	33,068
VANGUARD REIT ETF	COM	922908553	1,617,247	18,155	SH		SOLE		0	0	18,155
VANGUARD S&P ETF	COM	922908363	854,553	1,586	SH		SOLE		0	0	1,586
VANGUARD SMALL CAP ETF	COM	922908751	6,379,434	26,550	SH		SOLE		0	0	26,550
VANGUARD TOTAL STOCK MARKET	COM	922908769	11,337,657	39,121	SH		SOLE		0	0	39,121
VERIZON COMMUNICATIONS	COM	92343V104	1,424,484	35,621	SH		SOLE		0	0	35,621
VESTAS WIND SYS UK ADR	COM	925458101	87,678	19,355	SH		SOLE		0	0	19,355
VISA INC CLASS A	COM	92826C839	17,989,945	56,923	SH		SOLE		0	0	56,923
VULCAN MATERIALS CO	COM	929160109	640,760	2,491	SH		SOLE		0	0	2,491
WAL-MART STORES INC	COM	931142103	2,941,886	32,561	SH		SOLE		0	0	32,561
WALT DISNEY COMPANY	COM	254687106	9,015,230	80,963	SH		SOLE		0	0	80,963
WASTE CONNECTIONS INC	COM	94106B101	308,682	1,800	SH		SOLE		0	0	1,800
WASTE MANAGEMENT INC.	COM	94106L109	389,253	1,929	SH		SOLE		0	0	1,929
WEC ENERGY GROUP	COM	92939U106	280,709	2,985	SH		SOLE		0	0	2,985
WELLS FARGO & CO. NEW	COM	949746101	5,367,390	76,415	SH		SOLE		0	0	76,415
WHITE MOUNTAINS INS.	COM	G9618E107	387,067	199	SH		SOLE		0	0	199
YUM BRANDS INC	COM	988498101	259,734	1,936	SH		SOLE		0	0	1,936