Tufton Capital Management

CIK 1055963 · View on SEC EDGAR ↗

Portfolio value QoQ: -99.9% 13F does not disclose cash

Top 10 holdings weight38.04%

Top 25 holdings weight65.34%

Positions above 1%33

Effective number of positions42.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.01% Est. buys $15,843 · sells $18,059,272

Median holding: 4.0 quarters Tracked Q1 2025–Q2 2026 · 70.9% still held

New positions8

Increased26

Decreased71

Closed6

Portfolio value $596K #9,128 of 9,337 by 13F value · top 97.8%

Positions 127

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Industrials 23.0%

Technology 17.3%

Healthcare 11.8%

Financials 11.7%

Communication Services 8.4%

Retail 7.9%

Consumer Staples 4.0%

Energy 2.5%

Consumer products 1.9%

Real Estate 1.8%

Utilities 1.6%

Consumer Discretionary 0.5%

Materials 0.1%

Other/Unmapped 7.4%

Full portfolio 127 positions

Search positions by ticker or company name

					Streak
GLW Corning Incorporated Common Stock	$36,707	6.16%	143,707	$-21,962,293	Down ×6
GOOG Alphabet Inc. - Class C Capital Stock	$29,181	4.90%	82,589	$-24,305,819	Down ×1
MSFT Microsoft Corporation - Common Stock	$27,088	4.54%	72,618	$-26,392,912	Up ×1
AAPL Apple Inc. - Common Stock	$27,012	4.53%	93,351	$-24,198,988	Down ×2
CAT Caterpillar, Inc. Common Stock	$23,216	3.90%	21,801	$-16,948,784	Down ×5
JPM JP Morgan Chase & Co. Common Stock	$22,851	3.83%	69,812	$-20,914,149	Down ×6
TJX TJX Companies, Inc. (The) Common Stock	$17,700	2.97%	116,836	$-19,068,300	Down ×6
AMZN Amazon.com, Inc. - Common Stock	$15,948	2.68%	66,916	$-14,236,052	Down ×2
JNJ Johnson & Johnson Common Stock	$13,587	2.28%	53,500	$-13,243,413	Down ×3
ABBV AbbVie Inc. Common Stock	$13,457	2.26%	53,477	$-11,759,543	Down ×1
RTX RTX Corporation Common Stock	$13,132	2.20%	69,217	$-13,463,868	Down ×1
BAC Bank of America Corporation Common Stock	$12,723	2.13%	223,305	$-11,023,277	Down ×6
MRK Merck & Company, Inc. Common Stock (new)	$12,628	2.12%	98,272	$-11,911,372	Down ×1
QCOM QUALCOMM Incorporated - Common Stock	$11,690	1.96%	63,264	$-8,654,310	Down ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$11,346	1.90%	23,757	$-8,517,654	Down ×6
CB Chubb Limited Common Stock	$11,248	1.89%	33,011	$-10,868,752	Down ×1
Unknown issuer (CUSIP: 30233q108)	$11,173	1.87%	81,728		Up ×1
ADP Automatic Data Processing, Inc. - Common Stock	$11,112	1.86%	49,619	$-10,178,888	Down ×6
NSC Norfolk Southern Corporation Common Stock	$10,356	1.74%	32,919	$-9,558,644	Down ×6
CVX Chevron Corporation Common Stock	$10,271	1.72%	61,965	$-13,577,729	Down ×2
EMR Emerson Electric Company Common Stock	$10,109	1.70%	70,618	$-9,351,891	Down ×6
WFC Wells Fargo & Company Common Stock	$9,584	1.61%	115,976	$-9,355,416	Down ×6
LMT Lockheed Martin Corporation Common Stock	$9,270	1.56%	18,197	$-11,095,730	Down ×5
PG Procter & Gamble Company (The) Common Stock	$9,148	1.53%	62,388	$-9,085,852	Down ×2
NXPI NXP Semiconductors N.V. - Common Stock	$8,887	1.49%	31,625	$-6,460,113	Down ×1
TGT Target Corporation Common Stock	$8,317	1.40%	63,678	$-7,791,683	Down ×1
IBM International Business Machines Corporation Common Stock	$7,413	1.24%	26,364	$-6,346,587	Up ×1
GOOGL Alphabet Inc. - Class A Common Stock	$7,324	1.23%	20,496	$-6,106,676	Down ×6
PM Philip Morris International Inc Common Stock	$7,157	1.20%	39,565	$-6,548,843	Down ×5
DLR Digital Realty Trust, Inc. Common Stock	$6,954	1.17%	38,725	$-7,134,046	Down ×2
LLY Eli Lilly and Company Common Stock	$6,870	1.15%	5,728	$-5,341,130	Down ×2
CARR Carrier Global Corporation Common Stock	$6,498	1.09%	88,589	$-5,065,502	Down ×1
ABT Abbott Laboratories Common Stock	$6,199	1.04%	68,318	$-6,755,801	Up ×1
MDLZ Mondelez International, Inc. - Class A Common Stock	$5,863	0.98%	101,380	$-5,925,137	Down ×6
INTC Intel Corporation - Common Stock	$5,828	0.98%	41,740	$-2,520,172	Down ×6
IVV iShares Trust	$5,577	0.94%	7,448	$-4,893,423	Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock	$5,365	0.90%	42,390	$-5,530,635	Up ×1
DHR Danaher Corporation Common Stock	$5,158	0.87%	27,082	$-5,263,842	Down ×3
UPS United Parcel Service, Inc. Common Stock	$5,139	0.86%	47,813	$-4,743,861	Down ×6
MMM 3M Company Common Stock	$4,868	0.82%	30,071	$-4,360,132	Up ×1
KO Coca-Cola Company (The) Common Stock	$4,859	0.82%	59,788	$-4,536,141	Up ×1
MDT Medtronic plc. Ordinary Shares	$4,827	0.81%	61,711	$-5,559,173	Down ×6
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	$4,361	0.73%	8,350	$-3,910,639	Down ×5
CSCO Cisco Systems, Inc. - Common Stock	$4,204	0.71%	35,797	$-2,780,796	Down ×1
PEP PepsiCo, Inc. - Common Stock	$3,942	0.66%	29,114	$-4,584,058	Down ×6
BMY Bristol-Myers Squibb Company Common Stock	$3,705	0.62%	64,310	$-3,900,295	Down ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$3,684	0.62%	7,364	$-3,524,316
CCI Crown Castle Inc. Common Stock	$3,648	0.61%	48,172	$-4,137,352	Down ×1
COF Capital One Financial Corporation Common Stock	$3,566	0.60%	17,777	$-3,275,434	Down ×2
DIS Walt Disney Company (The) Common Stock	$3,482	0.58%	36,180	$-3,939,518	Down ×6
VZ Verizon Communications Inc. Common Stock	$3,416	0.57%	80,685	$-4,098,584	Down ×1
ZTS Zoetis Inc. Class A Common Stock	$3,143	0.53%	43,742	$-5,326,857	Down ×1
SPY SPY	$3,108	0.52%	4,162	$-2,761,892	Down ×1
CPK Chesapeake Utilities Corporation Common Stock	$3,107	0.52%	25,375	$-4,377,893	Down ×2
EPD Enterprise Products Partners L.P. Common Stock	$3,022	0.51%	82,230	$-3,129,978	Down ×5
Q Qnity Electronics, Inc. Common Stock	$2,405	0.40%	14,729	$-1,767,595	Down ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock	$2,236	0.38%	9,082	$-1,923,764	Down ×1
COST Costco Wholesale Corporation - Common Stock	$2,114	0.35%	2,260	$-2,238,886	Up ×1
CL Colgate-Palmolive Company Common Stock	$2,098	0.35%	22,889	$-1,965,902	Down ×5
VEA Vanguard FTSE Developed Markets ETF	$1,910	0.32%	26,814	$-1,406,090	Up ×3
IEFA iShares Core MSCI EAFE ETF	$1,841	0.31%	19,067	$-1,762,159	Down ×1
NKE Nike, Inc. Common Stock	$1,702	0.29%	41,464	$-3,632,298	Down ×3
VWO Vanguard FTSE Emerging Markets ETF	$1,643	0.28%	27,528	$-1,245,357	Up ×3
DE Deere & Company Common Stock	$1,638	0.27%	2,582	$-1,452,362
SDY SPDR SERIES TRUST	$1,630	0.27%	10,716	$-1,657,370	Down ×1
AXP American Express Company Common Stock	$1,503	0.25%	4,445	$-1,342,497
IJH iShares Trust	$1,380	0.23%	17,909	$-1,230,620	Down ×1
Unknown issuer (CUSIP: 67066g104)	$1,342	0.23%	6,710	$-1,182,658	Down ×1
Unknown issuer (CUSIP: 26614N201)	$1,300	0.22%	9,584		Up ×1
MKC McCormick & Company, Incorporated Common Stock	$1,297	0.22%	25,728	$-1,464,703	Down ×6
ARM Arm Holdings plc - American Depositary Shares	$1,293	0.22%	3,649	$-610,707	Down ×1
META Meta Platforms, Inc. - Class A Common Stock	$1,212	0.20%	2,153	$-1,272,788	Down ×4
IJR iShares Trust	$1,184	0.20%	7,984	$-1,007,816	Down ×1
SYY Sysco Corporation Common Stock	$1,145	0.19%	13,704	$-1,004,855	Down ×6
OTIS Otis Worldwide Corporation Common Stock	$1,018	0.17%	14,218	$-1,123,982	Down ×1
IEMG iShares, Inc.	$976	0.16%	11,793	$-832,024	Down ×1
CMG Chipotle Mexican Grill, Inc. Common Stock	$967	0.16%	28,455	$-911,033	Down ×3
SLB SLB Limited Common Shares	$933	0.16%	20,086	$-1,031,067
Unknown issuer (CUSIP: 92826c839)	$917	0.15%	2,674	$-834,083	Down ×3
GE GE Aerospace Common Stock	$915	0.15%	2,450	$-687,085	Up ×1
IGM iShares Expanded Tech Sector ETF	$911	0.15%	5,575	$-659,089
NEE NextEra Energy, Inc. Common Stock	$828	0.14%	9,438	$-874,172	Up ×1
WMT Walmart Inc. - Common Stock	$771	0.13%	6,809	$-843,229	Up ×1
GEV GE Vernova Inc. Common Stock	$741	0.12%	631	$-543,259	Up ×1
TROW T. Rowe Price Group, Inc. - Common Stock	$723	0.12%	6,361	$-603,277	Down ×1
VOO Vanguard S&P 500 ETF	$709	0.12%	1,033	$-478,291	Up ×1
MO Altria Group, Inc.	$666	0.11%	9,264	$-602,334	Up ×1
UNP Union Pacific Corporation Common Stock	$658	0.11%	2,421	$-580,342	Up ×1
LOW Lowe's Companies, Inc. Common Stock	$647	0.11%	2,935	$-691,353	Up ×2
ETN Eaton Corporation, PLC Ordinary Shares	$568	0.10%	1,334	$-476,432
XLK SELECT SECTOR SPDR TRUST	$553	0.09%	2,906	$-385,447
DFAC Dimensional ETF Trust	$548	0.09%	12,360	$-390,452	Up ×1
OXY Occidental Petroleum Corporation Common Stock	$540	0.09%	11,137	$-722,460
CSX CSX Corporation - Common Stock	$526	0.09%	11,072	$-453,474
PINS Pinterest, Inc. Class A Common Stock	$509	0.09%	24,215	$-462,491	Down ×1
NFLX Netflix, Inc. - Common Stock	$499	0.08%	6,990	$-671,501
HD Home Depot, Inc. (The) Common Stock	$481	0.08%	1,364	$-444,519	Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock	$480	0.08%	475	$-400,520
QQQ Invesco QQQ Trust, Series 1	$478	0.08%	649	$-353,522	Up ×1
Unknown issuer (CUSIP: 46120e602)	$451	0.08%	1,135	$-517,549	Up ×2
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
VEA	$1,910	0.32%	up ×3
VWO	$1,643	0.28%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
Unknown issuer (CUSIP: 30233q108)	$11,173	81,728	1.87%
Unknown issuer (CUSIP: 26614N201)	$1,300	9,584	0.22%
DFIC	$306	8,215	0.05%
UNH	$270	650	0.05%
DFIV	$231	4,290	0.04%
AVEM	$229	2,375	0.04%
AVGO	$214	568	0.04%
MDB	$201	600	0.03%

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
XOM	June 30, 2026	84,890	$14,402,000	20.3%
NVDA	March 31, 2026	7,780	$1,450,000	37.2%
DD	June 30, 2026	30,174	$1,382,000	-1.7%
ELV	June 30, 2026	4,124	$1,207,000	3.5%
TROW	Dec. 31, 2025	8,107	$832,000	1.2%
NFLX	Dec. 31, 2025	659	$790,000	-26.7%
WRB	June 30, 2026	7,385	$489,000	-1.2%
XLK	Dec. 31, 2025	1,419	$399,000	40.3%
HON	June 30, 2026	1,565	$353,000	-4.9%
INTU	March 31, 2026	484	$320,000	-33.0%
FREL	Dec. 31, 2025	8,838	$245,000
SCI	June 30, 2025	3,000	$240,600	-5.0%
MKCV	March 31, 2026	3,136	$213,000	No longer tracked
CPT	June 30, 2025	1,700	$207,910	-13.3%
BF-B (filed as BFB)	Dec. 31, 2025	7,575	$205,000	No longer tracked
HSY	June 30, 2026	989	$205,000	-8.3%
CAVA	Sept. 30, 2025	3,725	$313	-12.9%
PFE	Sept. 30, 2025	9,323	$225	7.9%