Tufton Capital Management Q4 2025 Filing

Filed January 28, 2026

Portfolio Value

$572.1B

Holdings

122

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (122 positions)

#StockSharesValue% PortfolioType
1
MSFTMICROSOFT CORP
72,610$35.1B6.14%
2
ALPHABET INC. CLASS C
88,091$27.6B4.83%
3
AAPLAPPLE INC COM
100,588$27.3B4.78%
4
JPMJPMORGAN CHASE & CO. COM
73,045$23.5B4.11%
5
TJXTJX COMPANIES INC
124,104$19.1B3.33%
6
GLWCORNING INC
183,819$16.1B2.81%
7
AMZNAMAZON COM INC COM
69,478$16.0B2.80%
8
CATCATERPILLAR INC
24,701$14.2B2.47%
9
RTXRTX CORP
71,463$13.1B2.29%
10
ADPAUTO DATA PROCESSING
50,608$13.0B2.28%
11
BACBANK OF AMERICA CORP
232,597$12.8B2.24%
12
ABBVABBVIE INC
55,092$12.6B2.20%
13
CPKCHESAPEAKE UTILS CORP COM
94,554$11.8B2.06%
14
QCOMQUALCOMM INC
68,312$11.7B2.04%
15
JNJJOHNSON & JOHNSON
55,015$11.4B1.99%
16
WFCWELLS FARGO & CO
119,523$11.1B1.95%
17
CBCHUBB LTD COM
34,142$10.7B1.86%
18
MRKMERCK & CO. INC.
100,265$10.6B1.84%
19
XOMEXXON MOBIL CORP
86,132$10.4B1.81%
20
CVXCHEVRON CORP
66,697$10.2B1.78%
21
NSCNORFOLK SOUTHERN CO
33,766$9.7B1.70%
22
EMREMERSON ELECTRIC CO
72,718$9.7B1.69%
23
PGPROCTER & GAMBLE
63,803$9.1B1.60%
24
LMTLOCKHEED MARTIN CORP
18,742$9.1B1.58%
25
ABTABBOTT LABORATORIES
66,489$8.3B1.46%
26
IBMINTL BUSINESS MACHINES CORP I
26,433$7.8B1.37%
27
TSMTAIWAN SEMICONDUCTR F SPONSORE
25,645$7.8B1.36%
28
NXPINXP SEMICONDUCTORS F
33,494$7.3B1.27%
29
GOOGLALPHABET INC CAP STK CL A
22,649$7.1B1.24%
30
DISWALT DISNEY CO
57,951$6.6B1.15%
31
4I1PHILIP MORRIS INTL
40,549$6.5B1.14%
32
TGTTARGET CORP
65,801$6.4B1.12%
33
DHRDANAHER CORP
27,915$6.4B1.12%
34
LLYELI LILLY AND CO
5,889$6.3B1.11%
35
MDTMEDTRONIC PLC SHS
65,366$6.3B1.10%
36
FQIDIGITAL REALTY TRUST REIT
40,441$6.3B1.09%
37
ZTSZOETIS INC CLASS A
46,002$5.8B1.01%
38
MDLZMONDELEZ INTL CLASS A
105,533$5.7B0.99%
39
DUKDUKE ENERGY CORP
42,642$5.0B0.87%
40
IVVISHARES CORE S&P 500 ETF
7,263$5.0B0.87%
41
MMM3M CO
30,401$4.9B0.85%
42
UPSUNITED PARCEL SRVC CLASS B
48,850$4.8B0.85%
43
CARRCARRIER GLOBAL CORP
91,500$4.8B0.84%
44
CCICROWN CASTLE INC REIT
53,925$4.8B0.84%
45
NKENIKE INC CL B
70,159$4.5B0.78%
46
COFCAPITAL ONE FINL CORP COM
18,184$4.4B0.77%
47
PEPPEPSICO INC
30,198$4.3B0.76%
48
KOCOCA COLA COMPANY
60,219$4.2B0.74%
49
DONSPDR DOW JONES INDL AVERAGE ET
8,671$4.2B0.73%
50
BRK/BBERKSHIRE HATHAWAY INC DEL CL
7,319$3.7B0.64%
51
BMYBRISTOL-MYERS SQUIBB
64,828$3.5B0.61%
52
VZVERIZON COMMUNICATIONS INC
83,773$3.4B0.60%
53
SPYSPDR S&P 500 ETF TR TR UNIT
4,312$2.9B0.51%
54
CISCO SYSTEMS INC
36,354$2.8B0.49%
55
EPDENTERPRISE PRODS PART LP
83,046$2.7B0.47%
56
INTCINTEL CORP
59,374$2.2B0.38%
57
COSTCOSTCO WHOLESALE CO
2,505$2.2B0.38%
58
MCXMC CORMICK & CO INC
30,608$2.1B0.36%
59
PNCPNC FINCL SERVICES GROUP
9,257$1.9B0.34%
60
CLCOLGATE-PALMOLIVE CO
23,618$1.9B0.33%
61
AQLTISHARES TR CORE MSCI EAFE ETF
18,853$1.7B0.29%
62
AXPAMERICAN EXPRESS CO COM
4,448$1.6B0.29%
63
SPDR S&P DIVIDEND ETF
11,365$1.6B0.28%
64
METAMETA PLATFORMS INC CL A
2,324$1.5B0.27%
65
NVDANVIDIA CORP COM
7,780$1.4B0.25%
66
ELVELEVANCE HEALTH INC COM
4,124$1.4B0.25%
67
QQNITY ELECTRONICS INC COM
17,412$1.4B0.25%
68
OTISOTIS WORLDWIDE CORP
15,533$1.4B0.24%
69
DDDUPONT DE NEMOURS INC IA
31,694$1.3B0.22%
70
DEDEERE CO
2,582$1.2B0.21%
71
IJHISHARES CORE S&P MID-CAP ETF
17,383$1.1B0.20%
72
VWOVANGUARD INTL EQUITY INDEX FDS
20,658$1.1B0.19%
73
VEAVANGUARD FTSE DEVELOPED MARKET
17,681$1.1B0.19%
74
CMGCHIPOTLE MEXICAN GRILL
28,980$1.1B0.19%
75
SYYSYSCO CORP COM
14,148$1.0B0.18%
76
VVISA INC CLASS A
2,930$1.0B0.18%
77
IJRISHARES CORE S&P SMALL-CAP ETF
7,683$923.0M0.16%
78
BSXBOSTON SCIENTIFIC CO
9,177$875.0M0.15%
79
WMTWALMART INC COM
7,249$807.0M0.14%
80
SLBSCHLUMBERGER LTD
20,459$785.0M0.14%
81
NEENEXTERA ENERGY INC COM
9,700$778.0M0.14%
82
IEMGISHARES INC CORE MSCI EMERGI
11,274$757.0M0.13%
83
GEGE AEROSPACE COM NEW
2,425$747.0M0.13%
84
IGMISHARES TR NORTH AMERN TECH ET
5,575$720.0M0.13%
85
LOWLOWES COS INC COM
2,905$700.0M0.12%
86
NFLXNETFLIX INC COM
7,410$694.0M0.12%
87
TROWPRICE T ROWE GROUP INC COM
6,711$687.0M0.12%
88
ISRGINTUITIVE SURGICAL INC NEW
1,121$634.0M0.11%
89
UNPUNION PAC CORP COM
2,695$623.0M0.11%
90
PINSPINTEREST INC CLASS A
22,370$579.0M0.10%
91
MOALTRIA GROUP INC
9,380$540.0M0.09%
92
WRBW R BERKLEY CORP
7,385$517.0M0.09%
93
HDHOME DEPOT INC
1,356$466.0M0.08%
94
OXYOCCIDENTAL PETE CORP CAL
11,219$461.0M0.08%
95
ARMARM HOLDINGS PLC
4,049$442.0M0.08%
96
ETNEATON CORP PLC
1,325$422.0M0.07%
97
XLFISELECT SECTOR SPDR TR STATE ST
2,906$418.0M0.07%
98
GSGOLDMAN SACHS GROUP INC COM
475$417.0M0.07%
99
GEVGE VERNOVA INC COM
623$407.0M0.07%
100
CSXCSX CORP COM
10,940$396.0M0.07%
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