Tufton Capital Management
HUNT VALLEY, MD
$596m in 127 US stocks at the end of 30 June 2026. The top 10 are 38.0% of the money. It changed about 9.4% of the portfolio this quarter.
Value
$596m
Stocks
127
Top 10 share
38.0%
Turnover
9.4%
What changed this quarter
New
Bought for the first time this quarter.
- ExxonMobil HoldingsXOM1.9% of the fund
- DuPont de NemoursDD0.2% of the fund
- Dimensional ETF TrustDFIC<0.1% of the fund
- UnitedHealth GroupUNH<0.1% of the fund
- Dimensional ETF TrustDFIV<0.1% of the fund
- American Centy ETF TRAVEM<0.1% of the fund
- BroadcomAVGO<0.1% of the fund
- MongoDBMDB<0.1% of the fund
Added
Bought more of a stock they already held.
- Abbott LaboratoriesABT1.0% of the fund+4%
- Vanguard Tax-Managed FDSVEA0.3% of the fund+22%
- Vanguard Intl Equity Index FVWO0.3% of the fund+19%
- Vanguard Index FDSVOO0.1% of the fund+29%
- Dimensional ETF TrustDFAC<0.1% of the fund+23%
- Invesco QQQ TRQQQ<0.1% of the fund+6%
- Ishares TRMTUM<0.1% of the fund+25%
- BoeingBA<0.1% of the fund+5%
- Dimensional ETF TrustDFUV<0.1% of the fund+30%
- Dimensional ETF TrustDUHP<0.1% of the fund+15%
- ShellSHEL<0.1% of the fund+3%
Cut
Sold some of their stake.
- CorningGLW6.2% of the fund-11%
- AlphabetGOOG4.9% of the fund-3%
- AppleAAPL4.5% of the fund-2%
- CaterpillarCAT3.9% of the fund-9%
- TJX CompaniesTJX3.0% of the fund-2%
- Amazon.comAMZN2.7% of the fund-2%
- QualcommQCOM2.0% of the fund-6%
- Taiwan Semiconductor ManufacturingTSM1.9% of the fund-6%
- ChevronCVX1.7% of the fund-6%
- NXP SemiconductorsNXPI1.5% of the fund-4%
- AlphabetGOOGL1.2% of the fund-4%
- Digital Realty TrustDLR1.2% of the fund-2%
- IntelINTC1.0% of the fund-27%
- DanaherDHR0.9% of the fund-3%
- MedtronicMDT0.8% of the fund-4%
- Crown CastleCCI0.6% of the fund-5%
- Walt DisneyDIS0.6% of the fund-12%
- ZoetisZTS0.5% of the fund-3%
- State STR Spdr S&P 500 ETF TSPY0.5% of the fund-2%
- Chesapeake UtilitiesCPK0.5% of the fund-27%
- Qnity ElectronicsQ0.4% of the fund-4%
- Ishares TRIEFA0.3% of the fund-2%
- NikeNKE0.3% of the fund-40%
- Spdr Series TrustSDY0.3% of the fund-6%
- McCormickMKC0.2% of the fund-12%
Sold out
Sold their entire stake.
- ExxonMobil HoldingsXOM-100%
- DuPont de NemoursDD-100%
- Elevance HealthELV-100%
- Berkley W RWRB-100%
- Honeywell InternationalHON-100%
- BlackstoneBX-100%
- HersheyHSY-100%
Holdings
- Ishares TRIVV
- Share
- 0.9%
- Value
- $6m
- Shares
- 7,448
Held
- State STR Spdr DOW Jones INDDIA
- Share
- 0.7%
- Value
- $4m
- Shares
- 8,350
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.5%
- Value
- $3m
- Shares
- 4,162
-2%
- Vanguard Tax-Managed FDSVEA
- Share
- 0.3%
- Value
- $2m
- Shares
- 26,814
+22%
- Ishares TRIEFA
- Share
- 0.3%
- Value
- $2m
- Shares
- 19,067
-2%
- Vanguard Intl Equity Index FVWO
- Share
- 0.3%
- Value
- $2m
- Shares
- 27,528
+19%
- Spdr Series TrustSDY
- Share
- 0.3%
- Value
- $2m
- Shares
- 10,716
-6%
- Ishares TRIJH
- Share
- 0.2%
- Value
- $1m
- Shares
- 17,909
Held
- ARM HoldingsARM
- Share
- 0.2%
- Value
- $1m
- Shares
- 3,649
-10%
- Ishares TRIJR
- Share
- 0.2%
- Value
- $1m
- Shares
- 7,984
Held
- IsharesIEMG
- Share
- 0.2%
- Value
- $976,000
- Shares
- 11,793
Held
- Ishares TRIGM
- Share
- 0.2%
- Value
- $911,000
- Shares
- 5,575
Held
- Vanguard Index FDSVOO
- Share
- 0.1%
- Value
- $709,000
- Shares
- 1,033
+29%
- Select Sector Spdr TRXLK
- Share
- <0.1%
- Value
- $553,000
- Shares
- 2,906
Held
- Dimensional ETF TrustDFAC
- Share
- <0.1%
- Value
- $548,000
- Shares
- 12,360
+23%
- Invesco QQQ TRQQQ
- Share
- <0.1%
- Value
- $478,000
- Shares
- 649
+6%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CorningGLW | 6.2% | $37m | 143,707 | -11% |
| AlphabetGOOG | 4.9% | $29m | 82,589 | -3% |
| MicrosoftMSFT | 4.5% | $27m | 72,618 | Held |
| AppleAAPL | 4.5% | $27m | 93,351 | -2% |
| CaterpillarCAT | 3.9% | $23m | 21,801 | -9% |
| JPMorgan ChaseJPM | 3.8% | $23m | 69,812 | Held |
| TJX CompaniesTJX | 3.0% | $18m | 116,836 | -2% |
| Amazon.comAMZN | 2.7% | $16m | 66,916 | -2% |
| Johnson & JohnsonJNJ | 2.3% | $14m | 53,500 | Held |
| AbbVieABBV | 2.3% | $13m | 53,477 | Held |
| RTXRTX | 2.2% | $13m | 69,217 | Held |
| Bank of AmericaBAC | 2.1% | $13m | 223,305 | Held |
| MerckMRK | 2.1% | $13m | 98,272 | Held |
| QualcommQCOM | 2.0% | $12m | 63,264 | -6% |
| Taiwan Semiconductor ManufacturingTSM | 1.9% | $11m | 23,757 | -6% |
| ChubbCB | 1.9% | $11m | 33,011 | Held |
| ExxonMobil HoldingsXOM | 1.9% | $11m | 81,728 | New |
| Automatic Data ProcessingADP | 1.9% | $11m | 49,619 | Held |
| Norfolk SouthernNSC | 1.7% | $10m | 32,919 | Held |
| ChevronCVX | 1.7% | $10m | 61,965 | -6% |
| Emerson ElectricEMR | 1.7% | $10m | 70,618 | Held |
| Wells Fargo & CompanyWFC | 1.6% | $10m | 115,976 | Held |
| Lockheed MartinLMT | 1.6% | $9m | 18,197 | Held |
| Procter & GamblePG | 1.5% | $9m | 62,388 | Held |
| NXP SemiconductorsNXPI | 1.5% | $9m | 31,625 | -4% |
| TargetTGT | 1.4% | $8m | 63,678 | Held |
| International Business MachinesIBM | 1.2% | $7m | 26,364 | Held |
| AlphabetGOOGL | 1.2% | $7m | 20,496 | -4% |
| Philip Morris InternationalPM | 1.2% | $7m | 39,565 | Held |
| Digital Realty TrustDLR | 1.2% | $7m | 38,725 | -2% |
| Eli LillyLLY | 1.2% | $7m | 5,728 | Held |
| Carrier GlobalCARR | 1.1% | $6m | 88,589 | Held |
| Abbott LaboratoriesABT | 1.0% | $6m | 68,318 | +4% |
| Mondelez InternationalMDLZ | 1.0% | $6m | 101,380 | Held |
| IntelINTC | 1.0% | $6m | 41,740 | -27% |
| Ishares TRIVV | 0.9% | $6m | 7,448 | Held |
| Duke EnergyDUK | 0.9% | $5m | 42,390 | Held |
| DanaherDHR | 0.9% | $5m | 27,082 | -3% |
| United Parcel ServiceUPS | 0.9% | $5m | 47,813 | Held |
| 3MMMM | 0.8% | $5m | 30,071 | Held |
| Coca-ColaKO | 0.8% | $5m | 59,788 | Held |
| MedtronicMDT | 0.8% | $5m | 61,711 | -4% |
| State STR Spdr DOW Jones INDDIA | 0.7% | $4m | 8,350 | Held |
| Cisco SystemsCSCO | 0.7% | $4m | 35,797 | Held |
| PepsiCoPEP | 0.7% | $4m | 29,114 | Held |
| Bristol-Myers SquibbBMY | 0.6% | $4m | 64,310 | Held |
| Berkshire HathawayBRK-B | 0.6% | $4m | 7,364 | Held |
| Crown CastleCCI | 0.6% | $4m | 48,172 | -5% |
| Capital One FinancialCOF | 0.6% | $4m | 17,777 | Held |
| Walt DisneyDIS | 0.6% | $3m | 36,180 | -12% |
| Verizon CommunicationsVZ | 0.6% | $3m | 80,685 | Held |
| ZoetisZTS | 0.5% | $3m | 43,742 | -3% |
| State STR Spdr S&P 500 ETF TSPY | 0.5% | $3m | 4,162 | -2% |
| Chesapeake UtilitiesCPK | 0.5% | $3m | 25,375 | -27% |
| Enterprise Products Partners L.P.EPD | 0.5% | $3m | 82,230 | Held |
| Qnity ElectronicsQ | 0.4% | $2m | 14,729 | -4% |
| PNC Financial Services GroupPNC | 0.4% | $2m | 9,082 | Held |
| Costco WholesaleCOST | 0.4% | $2m | 2,260 | Held |
| Colgate-PalmoliveCL | 0.4% | $2m | 22,889 | Held |
| Vanguard Tax-Managed FDSVEA | 0.3% | $2m | 26,814 | +22% |
| Ishares TRIEFA | 0.3% | $2m | 19,067 | -2% |
| NikeNKE | 0.3% | $2m | 41,464 | -40% |
| Vanguard Intl Equity Index FVWO | 0.3% | $2m | 27,528 | +19% |
| DeereDE | 0.3% | $2m | 2,582 | Held |
| Spdr Series TrustSDY | 0.3% | $2m | 10,716 | -6% |
| American ExpressAXP | 0.3% | $2m | 4,445 | Held |
| Ishares TRIJH | 0.2% | $1m | 17,909 | Held |
| NvidiaNVDA | 0.2% | $1m | 6,710 | Held |
| DuPont de NemoursDD | 0.2% | $1m | 9,584 | New |
| McCormickMKC | 0.2% | $1m | 25,728 | -12% |
| ARM HoldingsARM | 0.2% | $1m | 3,649 | -10% |
| Meta PlatformsMETA | 0.2% | $1m | 2,153 | -3% |
| Ishares TRIJR | 0.2% | $1m | 7,984 | Held |
| SyscoSYY | 0.2% | $1m | 13,704 | -3% |
| Otis WorldwideOTIS | 0.2% | $1m | 14,218 | -3% |
| IsharesIEMG | 0.2% | $976,000 | 11,793 | Held |
| Chipotle Mexican GrillCMG | 0.2% | $967,000 | 28,455 | Held |
| SLB LimitedSLB | 0.2% | $933,000 | 20,086 | Held |
| VisaV | 0.2% | $917,000 | 2,674 | -3% |
| General ElectricGE | 0.2% | $915,000 | 2,450 | Held |
| Ishares TRIGM | 0.2% | $911,000 | 5,575 | Held |
| NextEra EnergyNEE | 0.1% | $828,000 | 9,438 | Held |
| WalmartWMT | 0.1% | $771,000 | 6,809 | Held |
| GE VernovaGEV | 0.1% | $741,000 | 631 | Held |
| Price T Rowe GroupTROW | 0.1% | $723,000 | 6,361 | -5% |
| Vanguard Index FDSVOO | 0.1% | $709,000 | 1,033 | +29% |
| Altria GroupMO | 0.1% | $666,000 | 9,264 | Held |
| Union PacificUNP | 0.1% | $658,000 | 2,421 | Held |
| Lowe's CompaniesLOW | 0.1% | $647,000 | 2,935 | Held |
| EatonETN | <0.1% | $568,000 | 1,334 | Held |
| Select Sector Spdr TRXLK | <0.1% | $553,000 | 2,906 | Held |
| Dimensional ETF TrustDFAC | <0.1% | $548,000 | 12,360 | +23% |
| Occidental PetroleumOXY | <0.1% | $540,000 | 11,137 | Held |
| CSXCSX | <0.1% | $526,000 | 11,072 | Held |
| PinterestPINS | <0.1% | $509,000 | 24,215 | -4% |
| NetflixNFLX | <0.1% | $499,000 | 6,990 | Held |
| Home DepotHD | <0.1% | $481,000 | 1,364 | Held |
| Goldman Sachs GroupGS | <0.1% | $480,000 | 475 | Held |
| Invesco QQQ TRQQQ | <0.1% | $478,000 | 649 | +6% |
| Intuitive SurgicalISRG | <0.1% | $451,000 | 1,135 | Held |
Showing the largest 100 of 127.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 13.3% since 30 June 2025.
Where the money is
Technology24.4%
Industrials17.1%
Health care11.9%
Financial services11.8%
Everyday goods8.0%
Media & telecom7.7%
Retail & consumer6.4%
Energy3.8%
Utilities2.1%
Real estate1.8%
Materials0.1%
Other4.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.