SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Tufton Capital Management

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

Reported Value
$585M
Q1 2021
Positions
129
Filings on Record
30
2019–present window
Filed
Apr 22, 2021
original filing

Summary

Tufton Capital Management reported $585M in U.S.-listed holdings across 129 positions for Q1 2021.

Its largest position, MSFT, represents 5.4% of the portfolio.

Compared with Q4 2020, the fund opened 7 new positions and exited 1.

Portfolio Metrics

Turnover
+1.6%
vs prior filed quarter
Top-10 Concentration
+32.7%
share of reported value
Largest Position
+5.4%
Microsoft
New / Exited
7 / 1
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: 59.3%Other: 37.0%ETP: 1.4%REIT: 0.9%ADR: 0.8%MLP: 0.5%
  • Common Stock · 59.3% · $347M
  • Other · 37.0% · $217M
  • ETP · 1.4% · $8M
  • REIT · 0.9% · $5M
  • ADR · 0.8% · $5M
  • MLP · 0.5% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BSXBOSTON SCIENTIFIC CORPNEW+9.6K9.6K+$369,000$369,000
BDRLQBLONDER TONGUE LAB INCNEW+188.9K188.9K+$277,000$277,000
RYROYAL BANK CANADA PV$1NEW+2.6K2.6K+$236,000$236,000
INTUINTUIT INCNEW+610610+$233,000$233,000
SALESFORCE COM INCNEW+1.1K1.1K+$224,000$224,000
TMOTHERMO FISHERSCIENTIFIC INCNEW+450450+$205,000$205,000
GENERAL ELECTRICNEW+14.0K14.0K+$183,000$183,000
WFCWELLS FARGO & CO NEW DELADDED+96.1K166.9K+$4M$7M

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

Holdings — Q1 2021

128 positions (from 129 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.44%$32M134.9K
2TARGET CORP COMCOM4.42%$26M130.6K
3ALPHABET INC SHS CL CCOM4.06%$24M11.5K
4JPMORGAN CHASE & COCOM3.40%$20M130.7K
5DISDISNEY (WALT) CO COM STKhistory →COM2.95%$17M93.5K
6AAPLAPPLE INChistory →COM2.68%$16M128.4K
7CATCATERPILLAR INC DELhistory →COM2.56%$15M64.5K
8ADPAUTOMATIC DATA PROChistory →COM2.55%$15M79.3K
9ABBVIE INC SHSCOM2.32%$14M125.4K
10MERCK AND CO INC SHSCOM2.32%$14M176.0K
11LMTLOCKHEED MARTIN CORPhistory →COM2.27%$13M36.0K
12NSCNORFOLK SOUTHERN CORPhistory →COM2.26%$13M49.3K
13JNJJOHNSON AND JOHNSON COMhistory →COM2.26%$13M80.3K
14GLWCORNING INChistory →COM2.25%$13M302.4K
15PGPROCTER & GAMBLE COhistory →COM2.18%$13M94.3K
16INTCINTEL CORPhistory →COM2.13%$12M195.1K
17CROWN CASTLE REIT INC SHSCOM2.07%$12M70.4K
18BMYBRISTOL-MYERS SQUIBB COhistory →COM2.05%$12M190.4K
19CPKCHESAPEAKE UTILS CORP COMhistory →COM2.01%$12M101.2K
20QCOMQUALCOMM INChistory →COM1.84%$11M81.4K
21EMREMERSON ELEC COhistory →COM1.78%$10M115.2K
22ABTABBOTT LABShistory →COM1.75%$10M85.7K
23MDLZMONDELEZ INTERNATIONAL INChistory →COM1.75%$10M175.2K
24TJXTJX COS INC NEWhistory →COM1.67%$10M148.2K
25BACBANK OF AMERICA CORPhistory →COM1.65%$10M249.6K
26CVXCHEVRON CORPhistory →COM1.64%$10M91.6K
27UPSUNITED PARCEL SVC CL Bhistory →COM1.45%$8M50.0K
28RAYTHEON TECHONOLOGIES CORPCOM1.43%$8M108.5K
293M COMPANYCOM1.43%$8M43.3K
30VFCV F CORPORATIONhistory →COM1.41%$8M103.4K
31VERIZON COMMUNICATNS COMCOM1.38%$8M138.7K
32NXP SEMICONDUCTORS N.V.COM1.31%$8M38.2K
33ZOETIS INCCOM1.29%$8M47.8K
34DUKE ENERGY CORP NEWCOM1.25%$7M75.8K
35EXXON MOBIL CORP COMCOM1.19%$7M124.7K
36CLCOLGATE PALMOLIVEhistory →COM1.13%$7M83.7K
37WFCWELLS FARGO & CO NEW DELhistory →COM1.11%$7M166.9K
38CHUBB LTD NewCOM1.09%$6M40.3K
39PEPPEPSICO INChistory →COM1.01%$6M41.8K
40AT&T INCCOM1.00%$6M193.4K
41PMPHILIP MORRIS INTL INCCOM0.91%$5M59.9K
42SPDR DOW JONES INDUST AVETF TRCOM0.87%$5M15.5K
43IBMINTL BUSINESS MACHINES CORP ICOM0.87%$5M38.4K
44DUPONT DE NEMOURS INCCOM0.83%$5M63.2K
45CARRIER GLOBAL CORPCOM0.83%$5M115.0K
46TSMTAIWAN S MANUFCTRING ADRINT0.80%$5M39.7K
47DLRDIGITAL RLTY TR INCCOM0.76%$4M31.5K
48DOWDOW INC REG SHSCOM0.70%$4M64.2K
49KOCOCA COLA COMCOM0.61%$4M67.2K
50EPDENTERPRISE PRDTS PRTN LPL PCOM0.54%$3M143.4K
51OTIS WORLDWIDE CORPCOM0.53%$3M45.8K
52OLNOLIN CORP $1 NEWCOM0.53%$3M82.5K
53VARIAN MEDICAL SYS INCCOM0.42%$2M13.9K
54CAPITAL ONE FINLCOM0.40%$2M18.5K
55ALTRIA GROUP INCCOM0.40%$2M45.5K
56SYYSYSCO CORPORATIONCOM0.39%$2M28.7K
57LEGLEGGETT&PLATT INC PV1CTCOM0.33%$2M42.5K
58COMPUTER SERVICES INC KYCOM0.32%$2M31.9K
59SPDR S&P 500 ETF TR TR UNITCOM0.31%$2M4.6K
60SPDR S&P DIVIDEND ETFCOM0.30%$2M15.0K
61PNCPNC FINCL SERVICES GROUPCOM0.28%$2M9.3K
62VWOVANGUARD FTSE EMERGING MARKETINT0.27%$2M30.7K
63BRK/BBERKSHIRE HATHAWAYINC DEL CLCOM0.26%$2M6.0K
64IVVISHARES CORE S&P 500 ETFCOM0.26%$2M3.8K
65ELVANTHEM INCCOM0.26%$2M4.2K
66PRICE T ROWE GROUP INCCOM0.19%$1M6.4K
67COSTCO WHOLESALE CRP DELCOM0.19%$1M3.1K
68PROLOGIS INCCOM0.18%$1M10.2K
69VEAVANGUARD FTSE DEVELOPED MARKETINT0.17%$1M20.6K
70IJHISHARES CORE S&P MID-CAPETFCOM0.17%$984,0003.8K
71STTSTATE STREET CORPCOM0.16%$943,00011.2K
72CMGCHIPOTLE MEXICAN GRILLCOM0.16%$943,000664
73ISHARES TR CORE MSCI EAFETFINT0.16%$938,00013.0K
74DEDEERE COCOM0.16%$933,0002.5K
75SLBSCHLUMBERGER LTDCOM0.15%$880,00032.4K
76IJRISHARES CORE S&P SMALL CAP ETCOM0.14%$822,0007.6K
77NEXTERA ENERGY INC SHSCOM0.13%$733,0009.7K
78PINTEREST INC REG SHS CL ACOM0.13%$732,0009.9K
79FRELFIDELITY MSCI REAL ESTATE INDECOM0.12%$715,00026.0K
80LOWLOWE'S COMPANIES INCCOM0.12%$675,0003.5K
81AXPAMERICAN EXPRESS CO COMCOM0.11%$669,0004.7K
82BF/BBROWN FORMAN CORP CL BCOM0.11%$659,0009.6K
83MKCMC CORMICK NON VTGCOM0.11%$653,0007.3K
84AMZNAMAZON COM INC COMCOM0.11%$618,000200
85VISA INC CL A SHRSCOM0.10%$586,0002.8K
86ELMEWASH R E INV TR SBI $.01REITCOM0.10%$570,00025.8K
87UNPUNION PAC CORP COMCOM0.10%$562,0002.5K
88FEDEX CORP DELAWARE COMCOM0.09%$512,0001.8K
89ISHARES INC CORE MSCI EMERGIINT0.09%$509,0007.9K
90CSXCSX CORPCOM0.08%$491,0005.1K
91BABOEING COMPANYCOM0.08%$485,0001.9K
92MEDTRONIC PLC SHSCOM0.08%$480,0004.1K
93VEUVANGUARD FTSE ALL WORLD EX USINT0.08%$476,0007.9K
94DHRDANAHER CORP DEL COMCOM0.08%$468,0002.1K
95SCZISHARES MSCI EAFE SMALL CAPINT0.08%$457,0006.4K
96HONHONEYWELL INTL INC COMCOM0.08%$448,0002.1K
97APDAIR PRODS & CHEMS INC COMCOM0.08%$440,0001.6K
98IGMISHARES TR NORTH AMERN TECH ETCOM0.07%$414,0001.1K
99NETFLIX COM INCCOM0.07%$385,000739
100BRK/ABERKSHIRE HATHAWAY INC DELAWACOM0.07%$385,0001

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 ↗.