2026 Q1 Portfolio Activity
In 2026 Q1, Tufton Capital Management maintained a portfolio of 129 distinct positions. The most significant new addition was VANGUARD INDEX FDS S&P 500 ETF, now representing 0.09% of the total fund value. They heavily accumulated shares in VANGUARD TAX-MANAGED FDS VAN F, increasing the position by 24.3%. The fund also reduced its exposure to CHESAPEAKE UTILS CORP COM by 63.3%.
Position History
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Total Positions
129
Quarter
2026 Q1
Top Holding
MSFT (4.8%)
Top 10 Concentration
35.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 129
Tufton Capital Management Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
MSFT
MICROSOFT CORP ...
|
Technology | 4.81% | 6.14% |
#1
Prev: #1
|
4.4 |
—
|
-1,237 | -1.7% |
P
S
|
71,373 | $26,420,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
GOOG
ALPHABET INC CA...
|
Communication Services | 4.43% | 4.83% |
#2
Prev: #2
|
3.8 |
—
|
-3,258 | -3.7% |
P
S
|
84,833 | $24,335,000 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
AAPL
APPLE INC COM
|
Technology | 4.41% | 4.78% |
#3
Prev: #3
|
3.3 |
—
|
-5,128 | -5.1% |
P
S
|
95,460 | $24,226,000 | 2011 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
GLW
CORNING INC COM
|
Technology | 4.00% | 2.81% |
#4
2
Prev: #6
|
2.6 |
—
|
-22,024 | -12.0% |
P
S
|
161,795 | $21,999,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
JPM
JPMORGAN CHASE ...
|
Financial Services | 3.81% | 4.11% |
#5
1
Prev: #4
|
2.5 |
—
|
-1,867 | -2.6% |
P
S
|
71,178 | $20,937,000 | 1999 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
TJX
TJX COS INC NEW...
|
Consumer Cyclical | 3.47% | 3.33% |
#6
1
Prev: #5
|
1.9 |
—
|
-4,591 | -3.7% |
P
S
|
119,513 | $19,086,000 | 2009 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
CAT
CATERPILLAR INC...
|
Industrials | 3.09% | 2.47% |
#7
1
Prev: #8
|
1.7 |
—
|
-744 | -3.0% |
P
S
|
23,957 | $16,972,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
XOM
EXXON MOBIL COR...
|
Energy | 2.62% | 1.81% |
#8
11
Prev: #19
|
1.5 |
—
|
-1,242 | -1.4% |
P
S
|
84,890 | $14,402,000 | 1999 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
AMZN
AMAZON COM INC ...
|
Consumer Cyclical | 2.59% | 2.80% |
#9
2
Prev: #7
|
1.5 |
—
|
-1,046 | -1.5% |
P
S
|
68,432 | $14,252,000 | 2010 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
CVX
CHEVRON CORPORA...
|
Energy | 2.47% | 1.78% |
#10
10
Prev: #20
|
1.5 |
—
|
-1,021 | -1.5% |
P
S
|
65,676 | $13,588,000 | 2001 Q3 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
RTX
RTX CORPORATION...
|
Industrials | 2.45% | 2.29% |
#11
2
Prev: #9
|
1.5 |
—
|
-1,595 | -2.2% |
P
S
|
69,868 | $13,477,000 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
JNJ
JOHNSON & JOHNS...
|
Healthcare | 2.41% | 1.99% |
#12
3
Prev: #15
|
1.5 |
—
|
-777 | -1.4% |
P
S
|
54,238 | $13,257,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
MRK
MERCK & CO INC ...
|
Healthcare | 2.17% | 1.84% |
#13
5
Prev: #18
|
1.4 |
—
|
-1,133 | -1.1% |
P
S
|
99,132 | $11,924,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
ABBV
ABBVIE INC COM
|
Healthcare | 2.14% | 2.20% |
#14
2
Prev: #12
|
1.4 |
—
|
-959 | -1.7% |
P
S
|
54,133 | $11,773,000 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
LMT
LOCKHEED MARTIN...
|
Industrials | 2.02% | 1.58% |
#15
9
Prev: #24
|
1.3 |
—
|
-368 | -2.0% |
P
S
|
18,374 | $11,105,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
BAC
BANK AMERICA CO...
|
Financial Services | 2.01% | 2.24% |
#16
5
Prev: #11
|
1.3 |
—
|
-6,200 | -2.7% |
P
S
|
226,397 | $11,036,000 | 2001 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
CB
CHUBB LTD SWITZ...
|
Financial Services | 1.98% | 1.86% |
#17
Prev: #17
|
1.3 |
—
|
-760 | -2.2% |
P
S
|
33,382 | $10,880,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
ADP
AUTOMATIC DATA ...
|
Technology | 1.85% | 2.28% |
#18
8
Prev: #10
|
1.2 |
—
|
-453 | -0.9% |
P
S
|
50,155 | $10,190,000 | 2003 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
NSC
NORFOLK SOUTHN ...
|
Industrials | 1.74% | 1.70% |
#19
2
Prev: #21
|
1.2 |
—
|
-422 | -1.2% |
P
S
|
33,344 | $9,569,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
WFC
WELLS FARGO & C...
|
Financial Services | 1.70% | 1.95% |
#20
4
Prev: #16
|
1.2 |
—
|
-1,887 | -1.6% |
P
S
|
117,636 | $9,365,000 | 2000 Q3 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
EMR
EMERSON ELEC CO...
|
Industrials | 1.70% | 1.69% |
#21
1
Prev: #22
|
1.2 |
—
|
-1,259 | -1.7% |
P
S
|
71,459 | $9,362,000 | 2000 Q3 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
PG
PROCTER & GAMBL...
|
Consumer Defensive | 1.65% | 1.60% |
#22
1
Prev: #23
|
1.2 |
—
|
-830 | -1.3% |
P
S
|
62,973 | $9,095,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
QCOM
QUALCOMM INC CO...
|
Technology | 1.58% | 2.04% |
#23
9
Prev: #14
|
1.1 |
—
|
-1,015 | -1.5% |
P
S
|
67,297 | $8,666,000 | 2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
TSM
TAIWAN SEMICOND...
|
Bond/Debt | 1.55% | 1.36% |
#24
3
Prev: #27
|
1.1 |
—
|
-406 | -1.6% |
P
S
|
25,239 | $8,529,000 | 2008 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
TGT
TARGET CORP COM
|
Consumer Defensive | 1.42% | 1.12% |
#25
7
Prev: #32
|
1.1 |
—
|
-1,441 | -2.2% |
P
S
|
64,360 | $7,800,000 | 2000 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
DLR
DIGITAL RLTY TR...
|
Real Estate | 1.30% | 1.09% |
#26
10
Prev: #36
|
1.0 |
—
|
-811 | -2.0% |
P
S
|
39,630 | $7,141,000 | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
ABT
ABBOTT LABORATO...
|
Healthcare | 1.23% | 1.46% |
#27
2
Prev: #25
|
1.0 |
—
|
-620 | -0.9% |
P
S
|
65,869 | $6,762,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
PM
PHILIP MORRIS I...
|
Consumer Defensive | 1.19% | 1.14% |
#28
3
Prev: #31
|
1.0 |
—
|
-897 | -2.2% |
P
S
|
39,652 | $6,556,000 | 2008 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
NXPI
NXP SEMICONDUCT...
|
Technology | 1.18% | 1.27% |
#29
1
Prev: #28
|
1.0 |
—
|
-633 | -1.9% |
P
S
|
32,861 | $6,469,000 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
IBM
INTERNATIONAL B...
|
Technology | 1.16% | 1.37% |
#30
4
Prev: #26
|
1.0 |
—
|
-215 | -0.8% |
P
S
|
26,218 | $6,354,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
GOOGL
ALPHABET INC CA...
|
Communication Services | 1.11% | 1.24% |
#31
2
Prev: #29
|
0.9 |
—
|
-1,386 | -6.1% |
P
S
|
21,263 | $6,114,000 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
MDLZ
MONDELEZ INTL I...
|
Consumer Defensive | 1.08% | 0.99% |
#32
6
Prev: #38
|
0.9 |
—
|
-2,626 | -2.5% |
P
S
|
102,907 | $5,931,000 | 2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
MDT
MEDTRONIC PLC S...
|
Healthcare | 1.01% | 1.10% |
#33
2
Prev: #35
|
0.9 |
—
|
-1,153 | -1.8% |
P
S
|
64,213 | $5,564,000 | 2010 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
DUK
DUKE ENERGY COR...
|
Utilities | 1.01% | 0.87% |
#34
5
Prev: #39
|
0.9 |
—
|
-357 | -0.8% |
P
S
|
42,285 | $5,536,000 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
LLY
ELI LILLY & CO ...
|
Healthcare | 0.97% | 1.11% |
#35
1
Prev: #34
|
0.9 |
—
|
-74 | -1.3% |
P
S
|
5,815 | $5,348,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
ZTS
ZOETIS INC CL A
|
Healthcare | 0.97% | 1.01% |
#36
1
Prev: #37
|
0.9 |
—
|
-911 | -2.0% |
P
S
|
45,091 | $5,330,000 | 2014 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
DHR
DANAHER CORP DE...
|
Healthcare | 0.96% | 1.12% |
#37
4
Prev: #33
|
0.9 |
—
|
-120 | -0.4% |
P
S
|
27,795 | $5,269,000 | 2011 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
CARR
CARRIER GLOBAL ...
|
Industrials | 0.92% | 0.84% |
#38
5
Prev: #43
|
0.9 |
—
|
-1,415 | -1.5% |
P
S
|
90,085 | $5,072,000 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
IVV
ISHARES TR CORE...
|
ETF | 0.89% | 0.87% |
#39
1
Prev: #40
|
0.9 |
—
|
238 | 3.3% |
P
S
|
7,501 | $4,899,000 | 2017 Q3 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
UPS
UNITED PARCEL S...
|
Industrials | 0.86% | 0.85% |
#40
2
Prev: #42
|
0.8 |
—
|
-571 | -1.2% |
P
S
|
48,279 | $4,749,000 | 2007 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
PEP
PEPSICO INC COM
|
Consumer Defensive | 0.83% | 0.76% |
#41
6
Prev: #47
|
0.8 |
—
|
-649 | -2.1% |
P
S
|
29,549 | $4,588,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
KO
COCA COLA CO CO...
|
Consumer Defensive | 0.83% | 0.74% |
#42
6
Prev: #48
|
0.8 |
—
|
-500 | -0.8% |
P
S
|
59,719 | $4,541,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
CPK
CHESAPEAKE UTIL...
|
Utilities | 0.80% | 2.06% |
#43
30
Prev: #13
|
0.3 |
—
|
-59,879 | -63.3% |
P
S
|
34,675 | $4,381,000 | 1999 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
MMM
3M CO COM
|
Industrials | 0.79% | 0.85% |
#44
3
Prev: #41
|
0.8 |
—
|
-342 | -1.1% |
P
S
|
30,059 | $4,365,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
CCI
CROWN CASTLE IN...
|
Real Estate | 0.75% | 0.84% |
#45
1
Prev: #44
|
0.8 |
—
|
-2,988 | -5.5% |
P
S
|
50,937 | $4,141,000 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
VZ
VERIZON COMMUNI...
|
Communication Services | 0.75% | 0.60% |
#46
6
Prev: #52
|
0.8 |
—
|
-2,052 | -2.4% |
P
S
|
81,721 | $4,102,000 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
DIS
DISNEY WALT CO ...
|
Communication Services | 0.72% | 1.15% |
#47
17
Prev: #30
|
0.3 |
—
|
-17,035 | -29.4% |
P
S
|
40,916 | $3,943,000 | 1999 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
DIA
STATE STR SPDR ...
|
ETF | 0.71% | 0.73% |
#48
1
Prev: #49
|
0.8 |
—
|
-217 | -2.5% |
P
S
|
8,454 | $3,915,000 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
BMY
BRISTOL-MYERS S...
|
Healthcare | 0.71% | 0.61% |
#49
2
Prev: #51
|
0.8 |
—
|
-458 | -0.7% |
P
S
|
64,370 | $3,904,000 | 1999 Q1 | 13F Filing | 2026-03-31 | 2026-05-12 | |||
|
NKE
NIKE INC CL B
|
Consumer Cyclical | 0.66% | 0.78% |
#50
5
Prev: #45
|
0.8 |
—
|
-1,344 | -1.9% |
P
S
|
68,815 | $3,634,000 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-12 |
Showing 1-50 of 129 holdings