SEC 13F Intelligence

Managers / Q1 2026

Tufton Capital Management

CIK 0001055963 · 303 INTERNATIONAL CIRCLE, HUNT VALLEY, MD, 21030 · 410-400-8500

Reported Value
$550M
Q1 2026
Positions
126
Filings on Record
30
2019–present window
Filed
May 12, 2026
original filing

Summary

Tufton Capital Management reported $550M in U.S.-listed holdings across 126 positions for Q1 2026.

Its largest position, GOOG, represents 5.5% of the portfolio.

Compared with Q4 2025, the fund opened 44 new positions and exited 40.

Portfolio Metrics

Turnover
+31.2%
vs prior filed quarter
Top-10 Concentration
+36.8%
share of reported value
Largest Position
+5.5%
Alphabet Inc Cap Stk
New / Exited
44 / 40
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $470MQ1 ’19Q2 ’19: $473MQ3 ’19: $474MQ4 ’19: $508MQ1 ’20: $390MQ1 ’20Q2 ’20: $454MQ3 ’20: $484MQ4 ’20: $542MQ1 ’21: $585MQ1 ’21Q2 ’21: $609MQ3 ’21: $591MQ4 ’21: $651MQ1 ’22: $619MQ1 ’22Q2 ’22: $535MQ3 ’22: $414MQ4 ’22: $455MQ1 ’23: $462MQ1 ’23Q2 ’23: $464MQ3 ’23: $448MQ4 ’23: $477MQ1 ’24: $509MQ1 ’24Q2 ’24: $514MQ3 ’24: $533MQ4 ’24: $529MQ1 ’25: $519MQ1 ’25Q2 ’25: $526MQ3 ’25: $561MQ4 ’25: $572MQ1 ’26: $550MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 90.8%ETP: 4.4%REIT: 2.1%ADR: 1.7%MLP: 0.6%Other: 0.5%
  • Common Stock · 90.8% · $499M
  • ETP · 4.4% · $24M
  • REIT · 2.1% · $11M
  • ADR · 1.7% · $9M
  • MLP · 0.6% · $3M
  • Other · 0.5% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGALPHABET INC CAP STK CL CNEW+84.8K84.8K+$24M$24M
EXMOCEXXON MOBIL CORP COMNEW+84.9K84.9K+$14M$14M
RTXRTX CORPORATION COMNEW+69.9K69.9K+$13M$13M
MRKMERCK & CO INC COMNEW+99.1K99.1K+$12M$12M
ABBVABBVIE INC COMNEW+54.1K54.1K+$12M$12M
CBCHUBB LTD SWITZ COMNEW+33.4K33.4K+$11M$11M
TGTTARGET CORP COMNEW+64.4K64.4K+$8M$8M
NXPINXP SEMICONDUCTORS N V COMNEW+32.9K32.9K+$6M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

124 positions (from 126 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGALPHABET INC CAP STK CL CCOM5.54%$30M106.1K
2MSFTMICROSOFT CORP COMhistory →COM4.81%$26M71.4K
3AAPLAPPLE INC COMhistory →COM4.41%$24M95.5K
4GLWCORNING INC COMhistory →COM4.00%$22M161.8K
5JPMJPMORGAN CHASE & CO COMhistory →COM3.81%$21M71.2K
6TJXTJX COS INC NEW COMhistory →COM3.47%$19M119.5K
7CATCATERPILLAR INC COMhistory →COM3.09%$17M24.0K
8EXMOCEXXON MOBIL CORP COMhistory →COM2.62%$14M84.9K
9AMZNAMAZON COM INC COMhistory →COM2.59%$14M68.4K
10CVXCHEVRON CORPORATION COMhistory →COM2.47%$14M65.7K
11RTXRTX CORPORATION COMhistory →COM2.45%$13M69.9K
12JNJJOHNSON & JOHNSON COMhistory →COM2.41%$13M54.2K
13MRKMERCK & CO INC COMhistory →COM2.17%$12M99.1K
14ABBVABBVIE INC COMhistory →COM2.14%$12M54.1K
15LMTLOCKHEED MARTIN CORP COMhistory →COM2.02%$11M18.4K
16BACBANK AMERICA CORP COMhistory →COM2.01%$11M226.4K
17CBCHUBB LTD SWITZ COMhistory →COM1.98%$11M33.4K
18ADPAUTOMATIC DATA PROCESSING INChistory →COM1.85%$10M50.2K
19NSCNORFOLK SOUTHN CORP COMhistory →COM1.74%$10M33.3K
20WFCWELLS FARGO & CO COMhistory →COM1.70%$9M117.6K
21EMREMERSON ELEC CO COMhistory →COM1.70%$9M71.5K
22PGPROCTER & GAMBLE CO COMhistory →COM1.65%$9M63.0K
23QCOMQUALCOMM INC COMhistory →COM1.58%$9M67.3K
24TSMTAIWAN SEMICONDUCTOR MANUFACThistory →INT1.55%$9M25.2K
25TGTTARGET CORP COMhistory →COM1.42%$8M64.4K
26DLRDIGITAL RLTY TR INC COMhistory →COM1.30%$7M39.6K
27ABTABBOTT LABORATORIES COMhistory →COM1.23%$7M65.9K
28PMPHILIP MORRIS INTL INC COMhistory →COM1.19%$7M39.7K
29NXPINXP SEMICONDUCTORS N V COMhistory →COM1.18%$6M32.9K
30IBMINTERNATIONAL BUSINESS MACHS Chistory →COM1.16%$6M26.2K
31MDLZMONDELEZ INTL INC CL Ahistory →COM1.08%$6M102.9K
32MDTMEDTRONIC PLC SHShistory →COM1.01%$6M64.2K
33DUKDUKE ENERGY CORP NEW COM NEWhistory →COM1.01%$6M42.3K
34LLYELI LILLY & CO COMCOM0.97%$5M5.8K
35ZTSZOETIS INC CL ACOM0.97%$5M45.1K
36DHRDANAHER CORP DEL COMCOM0.96%$5M27.8K
37CARRCARRIER GLOBAL CORPORATION COMCOM0.92%$5M90.1K
38IVVISHARES TR CORE S&P500 ETFCOM0.89%$5M7.5K
39UPSUNITED PARCEL SVCS INC CL BCOM0.86%$5M48.3K
40PEPPEPSICO INC COMCOM0.83%$5M29.5K
41KOCOCA COLA CO COMCOM0.83%$5M59.7K
42CPKCHESAPEAKE UTILS CORP COMCOM0.80%$4M34.7K
43MMM3M CO COMCOM0.79%$4M30.1K
44CCICROWN CASTLE INC COMCOM0.75%$4M50.9K
45VZVERIZON COMMUNICATIONS INC COMCOM0.75%$4M81.7K
46DISDISNEY WALT CO COMCOM0.72%$4M40.9K
47DIASTATE STR SPDR DOW JONES INDLCOM0.71%$4M8.5K
48BMYBRISTOL-MYERS SQUIBB CO COMCOM0.71%$4M64.4K
49NKENIKE INC CL BCOM0.66%$4M68.8K
50BRK/BBERKSHIRE HATHAWAY INC DEL CLCOM0.64%$4M7.4K
51COFCAPITAL ONE FINL CORP COMCOM0.60%$3M18.0K
52EPDENTERPRISE PRODS PARTNERS L PCOM0.57%$3M82.8K
53CSCOCISCO SYS INC COMCOM0.51%$3M35.9K
54SPYSTATE STR SPDR S&P 500 ETF TRCOM0.50%$3M4.3K
55INTCINTEL CORP COMCOM0.46%$3M57.3K
56COSTCOSTCO WHOLESALE CORPORATION CCOM0.41%$2M2.3K
57CLCOLGATE PALMOLIVE CO COMCOM0.36%$2M23.1K
58PNCPNC FINL SVCS GROUP INC COMCOM0.35%$2M9.3K
59QQNITY ELECTRONICS INC COMMON SCOM0.32%$2M15.3K
60IEFAISHARES TR CORE MSCI EAFEINT0.32%$2M19.5K
61SDYSPDR SERIES TRUST STATE STREETCOM0.30%$2M11.4K
62VWOVANGUARD INTL EQUITY INDEX FDSINT0.27%$1M26.4K
63MKCMCCORMICK & CO INC COM NON VTGCOM0.27%$1M29.1K
64DEDEERE & CO COMCOM0.26%$1M2.6K
65VEAVANGUARD TAX-MANAGED FDS VAN FINT0.26%$1M22.0K
66DDDUPONT DE NEMOURS INC COMCOM0.25%$1M30.2K
67AXPAMERICAN EXPRESS CO COMCOM0.24%$1M4.4K
68METAMETA PLATFORMS INC CL ACOM0.23%$1M2.2K
69IJHISHARES TR CORE S&P MCP ETFCOM0.22%$1M18.3K
70ELVELEVANCE HEALTH INC FORMERLY ACOM0.22%$1M4.1K
71NVIDIA CORPORATION COMCOM0.22%$1M6.8K
72OTISOTIS WORLDWIDE CORP COMCOM0.20%$1M14.6K
73SLBSLB LIMITED COM STKCOM0.19%$1M20.1K
74IJRISHARES TR CORE S&P SCP ETFCOM0.18%$1M8.1K
75SYYSYSCO CORP COMCOM0.18%$1M14.1K
76CMGCHIPOTLE MEXICAN GRILL INC COMCOM0.17%$912,00028.5K
77NEENEXTERA ENERGY INC COMCOM0.16%$875,0009.4K
78WMTWALMART INC COMCOM0.15%$844,0006.8K
79VISA INC COM CL ACOM0.15%$835,0002.8K
80IEMGISHARES INC CORE MSCI EMKTINT0.15%$833,00011.9K
81OXYOCCIDENTAL PETE CORP COMCOM0.13%$723,00011.1K
82LOWLOWES COS INC COMCOM0.13%$692,0002.9K
83GE AEROSPACE COM NEWCOM0.13%$688,0002.4K
84NFLXNETFLIX INC. COMCOM0.12%$672,0007.0K
85DOWDOW HLDGS INC COMCOM0.12%$672,00016.2K
86IGMISHARES TR EXPND TEC SC ETFCOM0.12%$660,0005.6K
87ARMARM HOLDINGS PLC SPONSORED ADSCOM0.11%$612,0004.0K
88TROWPRICE T ROWE GROUP INC COMCOM0.11%$604,0006.7K
89MOALTRIA GROUP INC COMCOM0.11%$603,0009.1K
90UNPUNION PAC CORP COMCOM0.11%$581,0002.4K
91BSXBOSTON SCIENTIFIC COCOM0.10%$569,0009.1K
92GEVGE VERNOVA INC COMCOM0.10%$544,000623
93INTUITIVE SURGICAL INC COM NEWCOM0.09%$518,0001.1K
94WRBBERKLEY W R CORP COMCOM0.09%$489,0007.4K
95VOOVANGUARD INDEX FDS S&P 500 ETFCOM0.09%$479,000803
96ETNEATON CORP PLC SHSCOM0.09%$477,0001.3K
97PINSPINTEREST INC CL ACOM0.08%$463,00025.3K
98CSXCSX CORP COMCOM0.08%$454,00011.1K
99HDHOME DEPOT INC COMCOM0.08%$445,0001.4K
100APDAIR PRODUCTS AND CHEMICALS INCCOM0.08%$438,0001.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$550M126May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$572M122Jan 28, 202613F-HRchanges · EDGAR ↗
Q3 2025$561M118Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$526M118Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$519M120May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$529M120Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$533M121Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$514M119Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$509M118May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$477M123Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$448M120Oct 30, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2023$464M120Jul 28, 202313F-HRchanges · EDGAR ↗
Q1 2023$462M119Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$455M115Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$414M112Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$535M113Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$619M126Apr 25, 202213F-HRchanges · EDGAR ↗
Q4 2021$651M132Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$591M125Oct 21, 202113F-HRchanges · EDGAR ↗
Q2 2021$609M127Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$585M129Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$542M123Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$484M118Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$454M113Jul 27, 202013F-HRchanges · EDGAR ↗
Q1 2020$390M108Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$508M120Jan 24, 202013F-HRchanges · EDGAR ↗
Q3 2019$474M120Oct 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$473M125Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$470M123Apr 29, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.