Tufton Capital Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 27, 2026), Tufton Capital Management reported 127 stock positions worth $596.0 million. Its top holding was Corning (GLW) at 6.2% of the portfolio, followed by Alphabet Class C (GOOG, 4.9%) and Microsoft (MSFT, 4.5%). Compared with Q1 2026, it opened 6 new positions, sold out of 5, added to 26 and reduced 73. The biggest buy was Intl Business Machines (IBM, shares +1%) and the biggest sale Chevron (CVX, shares −6%).

Most Recent 13F
Q2 2026
Location
HUNT VALLEY, MD
CIK
0001055963
Portfolio Value
$596.0M (Q2 2026)
SEC Filing
0001055963-26-000003 ↗ filed Jul 27, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $509.2M Q1 2024 Q2 2024: $514.2M Q2 2024 Q3 2024: $533.4M Q3 2024 Q4 2024: $528.7M Q4 2024 Q1 2025: $519.2M Q1 2025 Q2 2025: $525.9M Q2 2025 Q3 2025: $561.0M Q3 2025 Q4 2025: $572.1M Q4 2025 Q1 2026: $549.7M Q1 2026 Q2 2026: $596.0M $596.0M Q2 2026

Holdings 127 stocks · $596.0M
GLW Corning Inc. 6.16% 143,707 $36.7M Reduce -11.2%
GOOG Alphabet Inc. Class C 4.90% 82,589 $29.2M Reduce -2.6%
MSFT Microsoft Corp. 4.54% 72,618 $27.1M Add +1.7%
AAPL Apple Inc. 4.53% 93,351 $27.0M Reduce -2.2%
CAT Caterpillar Inc. 3.90% 21,801 $23.2M Reduce -9.0%
JPM JPMorgan Chase & Co. 3.83% 69,812 $22.9M Reduce -1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.97% 116,836 $17.7M Reduce -2.2%
AMZN Amazon.com Inc. 2.68% 66,916 $15.9M Reduce -2.2%
JNJ Johnson & Johnson 2.28% 53,500 $13.6M Reduce -1.4%
ABBV Abbvie Inc. 2.26% 53,477 $13.5M Reduce -1.2%
RTX RTX Corp. 2.20% 69,217 $13.1M Reduce -0.9%
BAC Bank of America Corp. 2.13% 223,305 $12.7M Reduce -1.4%
MRK Merck & Co. Inc. 2.12% 98,272 $12.6M Reduce -0.9%
QCOM Qualcomm Inc. 1.96% 63,264 $11.7M Reduce -6.0%
TSM Taiwan Semiconductor-SP ADR 1.90% 23,757 $11.3M Reduce -5.9%
CB Chubb Ltd. 1.89% 33,011 $11.2M Reduce -1.1%
XOM Exxonmobil Holdings Corp. 1.87% 81,728 $11.2M Reduce -3.7%
ADP Automatic Data Processing 1.86% 49,619 $11.1M Reduce -1.1%
NSC Norfolk Southern Corp. 1.74% 32,919 $10.4M Reduce -1.3%
CVX Chevron Corp. 1.72% 61,965 $10.3M Reduce -5.7%
EMR Emerson Electric Co. 1.70% 70,618 $10.1M Reduce -1.2%
WFC Wells Fargo & Co. 1.61% 115,976 $9.6M Reduce -1.4%
LMT Lockheed Martin Corp. 1.56% 18,197 $9.3M Reduce -1.0%
PG The Procter & Gamble Co. 1.53% 62,388 $9.1M Reduce -0.9%
NXPI NXP Semiconductors NV 1.49% 31,625 $8.9M Reduce -3.8%
TGT Target Corp. 1.40% 63,678 $8.3M Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.24% 26,364 $7.4M Add +0.6%
GOOGL Alphabet Inc. Class A 1.23% 20,496 $7.3M Reduce -3.6%
PM Philip Morris International 1.20% 39,565 $7.2M Reduce -0.2%
DLR Digital Realty Trust Inc. 1.17% 38,725 $7.0M Reduce -2.3%
LLY Eli Lilly & Co. 1.15% 5,728 $6.9M Reduce -1.5%
CARR Carrier Global Corp. 1.09% 88,589 $6.5M Reduce -1.7%
ABT Abbott Laboratories 1.04% 68,318 $6.2M Add +3.7%
MDLZ Mondelez International Inc. Class A 0.98% 101,380 $5.9M Reduce -1.5%
INTC Intel Corp. 0.98% 41,740 $5.8M Reduce -27.1%
IVV iShares Core S&P 500 ETF 0.94% 7,448 $5.6M Reduce -0.7%
DUK Duke Energy Corp. 0.90% 42,390 $5.4M Add +0.3%
DHR Danaher Corp. 0.87% 27,082 $5.2M Reduce -2.6%
UPS United Parcel Service Class B 0.86% 47,813 $5.1M Reduce -1.0%
MMM 3M Co. 0.82% 30,071 $4.9M Add +0.0%
KO The Coca-Cola Co. 0.82% 59,788 $4.9M Add +0.1%
MDT Medtronic PLC 0.81% 61,711 $4.8M Reduce -3.9%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.73% 8,350 $4.4M Reduce -1.2%
CSCO Cisco Systems Inc. 0.71% 35,797 $4.2M Reduce -0.3%
PEP Pepsico Inc. 0.66% 29,114 $3.9M Reduce -1.5%
BMY Bristol-Myers Squibb Co. 0.62% 64,310 $3.7M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.62% 7,364 $3.7M No change
CCI Crown Castle Inc. 0.61% 48,172 $3.6M Reduce -5.4%
COF Capital One Financial Corp. 0.60% 17,777 $3.6M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.58% 36,180 $3.5M Reduce -11.6%
VZ Verizon Communications Inc. 0.57% 80,685 $3.4M Reduce -1.3%
ZTS Zoetis Inc. 0.53% 43,742 $3.1M Reduce -3.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.52% 4,162 $3.1M Reduce -2.1%
CPK Chesapeake Utilities Corp. 0.52% 25,375 $3.1M Reduce -26.8%
EPD Enterprise Products Partners 0.51% 82,230 $3.0M Reduce -0.7%
Q Qnity Electronics Inc. 0.40% 14,729 $2.4M Reduce -4.0%
PNC PNC Financial Services Group 0.38% 9,082 $2.2M Reduce -1.9%
COST Costco Wholesale Corp. 0.35% 2,260 $2.1M Add +0.4%
CL Colgate-Palmolive Co. 0.35% 22,889 $2.1M Reduce -0.9%
VEA Vanguard Ftse Developed ETF 0.32% 26,814 $1.9M Add +22.0%
IEFA iShares Core MSCI Eafe ETF 0.31% 19,067 $1.8M Reduce -2.2%
NKE Nike Inc. Class B 0.29% 41,464 $1.7M Reduce -39.8%
VWO Vanguard Ftse Emerging Marke 0.28% 27,528 $1.6M Add +19.2%
DE Deere & Co. 0.27% 2,582 $1.6M No change
SDY SS SPDR S&P Dividend ETF 0.27% 10,716 $1.6M Reduce -5.8%
AXP American Express Co. 0.25% 4,445 $1.5M No change
IJH iShares Core S&P Midcap ETF 0.23% 17,909 $1.4M Reduce -1.9%
NVDA Nvidia Corp. 0.23% 6,710 $1.3M Reduce -1.2%
DD Dupont DE Nemours Inc. 0.22% 9,584 $1.3M Reduce -4.7%
MKC McCormick & Co.-Non VTG SHRS 0.22% 25,728 $1.3M Reduce -11.5%
ARM Arm Holdings PLC-ADR 0.22% 3,649 $1.3M Reduce -9.9%
META Meta Platforms Inc. Class A 0.20% 2,153 $1.2M Reduce -3.4%
IJR iShares Core S&P Small-Cap E 0.20% 7,984 $1.2M Reduce -1.7%
SYY Sysco Corp. 0.19% 13,704 $1.1M Reduce -2.9%
OTIS Otis Worldwide Corp. 0.17% 14,218 $1.0M Reduce -2.7%
IEMG iShares Core MSCI Emerging 0.16% 11,793 $976K Reduce -1.3%
CMG Chipotle Mexican Grill Inc. 0.16% 28,455 $967K Reduce -0.2%
SLB SLB Ltd. filed as SLB LIMITED 0.16% 20,086 $933K No change
V Visa Inc. Class A 0.15% 2,674 $917K Reduce -3.2%
GE General Electric filed as GE AEROSPACE 0.15% 2,450 $915K Add +1.0%
IGM iShares Expanded Tech Sector 0.15% 5,575 $911K No change
NEE Nextera Energy Inc. 0.14% 9,438 $828K Add +0.1%
WMT Walmart Inc. 0.13% 6,809 $771K Add +0.1%
GEV GE Vernova Inc. 0.12% 631 $741K Add +1.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.12% 6,361 $723K Reduce -5.2%
VOO Vanguard S&P 500 ETF 0.12% 1,033 $709K Add +28.6%
MO Altria Group Inc. 0.11% 9,264 $666K Add +1.4%
UNP Union Pacific Corp. 0.11% 2,421 $658K Add +1.1%
LOW Lowe's Cos Inc. 0.11% 2,935 $647K Add +0.1%
ETN Eaton Corp. PLC 0.10% 1,334 $568K No change
XLK SS Technology Select Sector 0.09% 2,906 $553K No change
DFAC Dimensional US Core Equity 2 0.09% 12,360 $548K Add +22.6%
OXY Occidental Petroleum Corp. 0.09% 11,137 $540K No change
CSX CSX Corp. 0.09% 11,072 $526K No change
PINS Pinterest Inc. Class A 0.09% 24,215 $509K Reduce -4.3%
NFLX Netflix Inc. 0.08% 6,990 $499K No change
HD Home Depot Inc. 0.08% 1,364 $481K Add +0.7%
GS Goldman Sachs Group Inc. 0.08% 475 $480K No change
QQQ Invesco QQQ Trust Series 1 0.08% 649 $478K Add +5.7%
ISRG Intuitive Surgical Inc. 0.08% 1,135 $451K Add +0.9%

Show all 127 holdings

Portfolio Sells Q1 2026 → Q2 2026
CVX Chevron Corp. Reduce -5.7% 1.72% −0.75
XOM Exxonmobil Holdings Corp. Reduce -3.7% 1.87% −0.75
TJX TJX Companies Inc. Reduce -2.2% 2.97% −0.50
LMT Lockheed Martin Corp. Reduce -1.0% 1.56% −0.46
ZTS Zoetis Inc. Reduce -3.0% 0.53% −0.44
NKE Nike Inc. Class B Reduce -39.8% 0.29% −0.38
CPK Chesapeake Utilities Corp. Reduce -26.8% 0.52% −0.28
RTX RTX Corp. Reduce -0.9% 2.20% −0.25
ELV Elevance Health Inc. Sold out 0.00% −0.22
MDT Medtronic PLC Reduce -3.9% 0.81% −0.20
PEP Pepsico Inc. Reduce -1.5% 0.66% −0.17
VZ Verizon Communications Inc. Reduce -1.3% 0.57% −0.17
CCI Crown Castle Inc. Reduce -5.4% 0.61% −0.14
DIS The Walt Disney Co. Reduce -11.6% 0.58% −0.13
DLR Digital Realty Trust Inc. Reduce -2.3% 1.17% −0.13
JNJ Johnson & Johnson Reduce -1.4% 2.28% −0.13
PG The Procter & Gamble Co. Reduce -0.9% 1.53% −0.12
WFC Wells Fargo & Co. Reduce -1.4% 1.61% −0.10
MDLZ Mondelez International Inc. Class A Reduce -1.5% 0.98% −0.10
DHR Danaher Corp. Reduce -2.6% 0.87% −0.09
CB Chubb Ltd. Reduce -1.1% 1.89% −0.09
WRB WR Berkley Corp. Sold out 0.00% −0.09
BMY Bristol-Myers Squibb Co. Reduce -0.1% 0.62% −0.09
HON Honeywell International Inc. Sold out 0.00% −0.06
EPD Enterprise Products Partners Reduce -0.7% 0.51% −0.06
MRK Merck & Co. Inc. Reduce -0.9% 2.12% −0.05
MKC McCormick & Co.-Non VTG SHRS Reduce -11.5% 0.22% −0.05
BSX Boston Scientific Corp. Reduce -3.9% 0.06% −0.04
BX Blackstone Inc. Sold out 0.00% −0.04
HSY The Hershey Co. Sold out 0.00% −0.04
OTIS Otis Worldwide Corp. Reduce -2.7% 0.17% −0.03
DD Dupont DE Nemours Inc. Reduce -4.7% 0.22% −0.03
META Meta Platforms Inc. Class A Reduce -3.4% 0.20% −0.03
SDY SS SPDR S&P Dividend ETF Reduce -5.8% 0.27% −0.03
TGT Target Corp. Reduce -1.1% 1.40% −0.02
FDX FedEx Corp. Reduce -11.2% 0.04% −0.02
IEFA iShares Core MSCI Eafe ETF Reduce -2.2% 0.31% −0.01
BLK BlackRock Inc. Reduce -9.6% 0.05% −0.01
EMR Emerson Electric Co. Reduce -1.2% 1.70% −0.01
BF.B Brown-Forman Corp. Class B Reduce -8.3% 0.04% −0.01
CL Colgate-Palmolive Co. Reduce -0.9% 0.35% −0.01
CMG Chipotle Mexican Grill Inc. Reduce -0.2% 0.16% −0.00
MA Mastercard Inc. Class A Reduce -4.7% 0.03% −0.00
NSC Norfolk Southern Corp. Reduce -1.3% 1.74% −0.00
UPS United Parcel Service Class B Reduce -1.0% 0.86% −0.00
PINS Pinterest Inc. Class A Reduce -4.3% 0.09% +0.00
COF Capital One Financial Corp. Reduce -1.1% 0.60% +0.00
V Visa Inc. Class A Reduce -3.2% 0.15% +0.00
IJH iShares Core S&P Midcap ETF Reduce -1.9% 0.23% +0.01
PM Philip Morris International Reduce -0.2% 1.20% +0.01

Portfolio Buys Q1 2026 → Q2 2026
IBM Intl Business Machines Corp. Add +0.6% 1.24% +0.09
VEA Vanguard Ftse Developed ETF Add +22.0% 0.32% +0.06
DFIC Dimensional International Co. New 0.05% +0.05
VWO Vanguard Ftse Emerging Marke Add +19.2% 0.28% +0.05
UNH Unitedhealth Group Inc. New 0.05% +0.05
DFIV Dimensional International Va New 0.04% +0.04
AVEM Avantis Emerging Markets Eq New 0.04% +0.04
AVGO Broadcom Inc. New 0.04% +0.04
MDB Mongodb Inc. New 0.03% +0.03
VOO Vanguard S&P 500 ETF Add +28.6% 0.12% +0.03
GE General Electric Add +1.0% 0.15% +0.03
MTUM iShares MSCI USA Momentum Fa Add +25.5% 0.07% +0.03
GEV GE Vernova Inc. Add +1.3% 0.12% +0.03
MMM 3M Co. Add +0.0% 0.82% +0.02
DFAC Dimensional US Core Equity 2 Add +22.6% 0.09% +0.02
QQQ Invesco QQQ Trust Series 1 Add +5.7% 0.08% +0.02
DFUV Dimensional US Marketwide Va Add +29.8% 0.06% +0.01
DUHP Dimensional US High Profi Et Add +14.9% 0.05% +0.01
UNP Union Pacific Corp. Add +1.1% 0.11% +0.00
BA The Boeing Co. Add +5.3% 0.06% +0.00
MO Altria Group Inc. Add +1.4% 0.11% +0.00
HD Home Depot Inc. Add +0.7% 0.08% −0.00
KO The Coca-Cola Co. Add +0.1% 0.82% −0.01
SHEL Shell PLC-ADR Add +2.5% 0.04% −0.01
LOW Lowe's Cos Inc. Add +0.1% 0.11% −0.02
ISRG Intuitive Surgical Inc. Add +0.9% 0.08% −0.02
NEE Nextera Energy Inc. Add +0.1% 0.14% −0.02
WMT Walmart Inc. Add +0.1% 0.13% −0.02
COST Costco Wholesale Corp. Add +0.4% 0.35% −0.05
DUK Duke Energy Corp. Add +0.3% 0.90% −0.11
ABT Abbott Laboratories Add +3.7% 1.04% −0.19
MSFT Microsoft Corp. Add +1.7% 4.54% −0.26

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 127$596.0MGLW, GOOG, MSFT, AAPL, CAT
Q1 2026 126$549.7MMSFT, GOOG, AAPL, GLW, JPM
Q4 2025 122$572.1MMSFT, GOOG, AAPL, JPM, TJX
Q3 2025 118$561.0MMSFT, AAPL, JPM, GOOG, TJX
Q2 2025 118$525.9MMSFT, JPM, AAPL, ADP, GOOG
Q1 2025 120$519.2MMSFT, AAPL, JPM, ADP, GOOG
Q4 2024 120$528.7MMSFT, AAPL, GOOG, JPM, TJX
Q3 2024 121$533.4MMSFT, AAPL, GOOG, JPM, TJX
Q2 2024 119$514.2MMSFT, AAPL, GOOG, JPM, TJX
Q1 2024 118$509.2MMSFT, AAPL, GOOG, JPM, ADP