Tufton Capital Management

CIK

1055963

Location

HUNT VALLEY, MD

Portfolio Value

Small $510,981,339

Diversification

Diversified

Filing Date

Global Rank

#2,577 / 8,605 ▼ 12 · as of Mar 2026

Top Industry

Drug Manufacturers - General 9.2%

3Y Alpha vs SPY

-4.0%

Period ended 3 months ago

Filed May 12, 2026 · 59d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+58.4%

SPY

+75.5%

Annualised alpha

-4.1%

Max drawdown

−15.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

107 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.2%

−1.4 pts

Top 5

22.0%

−0.7 pts

Top 10

36.3%

+0.5 pts

HHI

226

Diversified−7

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	23.8%	$121,736,326	13
Industrials	15.8%	$80,937,128	18
Healthcare	14.0%	$71,759,952	14
Financial Services	12.9%	$65,750,271	17
Consumer Defensive	9.2%	$46,850,354	13
Consumer Cyclical	7.7%	$39,598,265	8
Energy	6.5%	$33,168,377	6
Communication Services	3.2%	$16,570,987	6
Real Estate	2.2%	$11,283,409	2
Utilities	2.1%	$10,794,534	3
Unclassified	1.4%	$7,274,251	4
Basic Materials	1.0%	$5,257,485	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
PINS	Pinterest, Inc.	+2,926	25,296	$463,928
BA	Boeing Co	+448	1,624	$323,224
CSX	Csx Corp	+132	11,072	$454,505
BRK-B	Berkshire Hathaway Inc	+45	7,364	$3,528,828
LOW	Lowes Companies Inc	+27	2,932	$692,772
ETN	Eaton Corp plc	+9	1,334	$477,131
TSLA	Tesla, Inc.	+9	579	$215,243
ISRG	Intuitive Surgical Inc	+4	1,125	$518,613
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CPK	Chesapeake Utilities Corp	−59,879	34,675	$4,381,879
GLW	Corning Inc /Ny	−22,024	161,795	$21,999,266
DIS	Walt Disney Co	−17,035	40,916	$3,943,484
BAC	Bank Of America Corp /De/	−6,200	226,397	$11,036,853
AAPL	Apple Inc.	−5,128	95,460	$24,226,793
TJX	Tjx Companies Inc /De/	−4,591	119,513	$19,086,226
CCI	Crown Castle Inc.	−2,988	50,937	$4,141,687
MDLZ	Mondelez International, Inc.	−2,626	102,907	$5,931,559
INTC	Intel Corp	−2,112	57,262	$2,526,972
Q	Qnity Electronics, Inc.	−2,067	15,345	$1,770,506
VZ	Verizon Communications Inc	−2,052	81,721	$4,102,394
WFC	Wells Fargo & Company/Mn	−1,887	117,636	$9,365,001
JPM	Jpmorgan Chase & Co	−1,867	71,178	$20,937,720
RTX	RTX Corp	−1,595	69,868	$13,477,537
MKC	Mccormick & Co Inc	−1,537	29,071	$1,466,341
DD	DuPont de Nemours, Inc.	−1,520	30,174	$4,145,907
TGT	Target Corp	−1,441	64,360	$7,800,432
CARR	CARRIER GLOBAL Corp	−1,415	90,085	$5,072,686
GOOGL	Alphabet Inc.	−1,386	21,263	$6,114,388
NKE	NIKE, Inc.	−1,344	68,815	$3,634,808
EMR	Emerson Electric Co	−1,259	71,459	$9,362,558
XOM	ExxonMobil Holdings Corp	−1,242	84,890	$14,402,437
MSFT	Microsoft Corp	−1,237	71,373	$26,420,143
MDT	Medtronic plc	−1,153	64,213	$5,564,056
MRK	Merck & Co., Inc.	−1,133	99,132	$11,924,588
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
HSY	Hershey Co	989	$205,603
FMAO	Farmers & Merchants Bancorp Inc	7,800	$200,226
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
INTU	Intuit Inc.	484	$320,611
MDB	MongoDB, Inc.	600	$251,814
CRM	Salesforce, Inc.	760	$201,331
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

107 positions · $510,981,339 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 107 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	71,373	-1,237	$26,420,143	−24.8%	5.17%
AAPL	Apple Inc. Technology	Reduced	95,460	-5,128	$24,226,793	−11.4%	4.74%
GLW	Corning Inc /Ny Technology	Reduced	161,795	-22,024	$21,999,266	+36.7%	4.31%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	71,178	-1,867	$20,937,720	−11.0%	4.10%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	119,513	-4,591	$19,086,226	+0.1%	3.74%
CAT	Caterpillar Inc Industrials	Reduced	23,957	-744	$16,972,576	+19.9%	3.32%
XOM	ExxonMobil Holdings Corp Energy	Reduced	84,890	-1,242	$14,402,437	+39.0%	2.82%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	68,432	-1,046	$14,252,332	−11.1%	2.79%
CVX	Chevron Corp Energy	Reduced	65,676	-1,021	$13,588,364	+33.7%	2.66%
RTX	RTX Corp Industrials	Reduced	69,868	-1,595	$13,477,537	+2.8%	2.64%
JNJ	Johnson & Johnson Healthcare	Reduced	54,238	-777	$13,257,936	+16.4%	2.59%
MRK	Merck & Co., Inc. Healthcare	Reduced	99,132	-1,133	$11,924,588	+13.0%	2.33%
ABBV	AbbVie Inc. Healthcare	Reduced	54,133	-959	$11,773,386	−6.5%	2.30%
LMT	Lockheed Martin Corp Industrials	Reduced	18,374	-368	$11,105,061	+22.5%	2.17%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	226,397	-6,200	$11,036,853	−13.7%	2.16%
CB	Chubb Ltd Financial Services	Reduced	33,382	-760	$10,880,195	+2.1%	2.13%
ADP	Automatic Data Processing Inc Technology	Reduced	50,155	-453	$10,190,492	−21.7%	1.99%
NSC	Norfolk Southern Corp Industrials	Reduced	33,344	-422	$9,569,728	−1.8%	1.87%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	117,636	-1,887	$9,365,001	−15.9%	1.83%
EMR	Emerson Electric Co Industrials	Reduced	71,459	-1,259	$9,362,558	−3.0%	1.83%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	62,973	-830	$9,095,820	−0.5%	1.78%
QCOM	Qualcomm Inc/De Technology	Reduced	67,297	-1,015	$8,666,507	−25.8%	1.70%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	25,239	-406	$8,529,520	+9.4%	1.67%
TGT	Target Corp Consumer Defensive	Reduced	64,360	-1,441	$7,800,432	+21.3%	1.53%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	39,630	-811	$7,141,722	+14.1%	1.40%
ABT	Abbott Laboratories Healthcare	Reduced	65,869	-620	$6,762,770	−18.8%	1.32%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	39,652	-897	$6,556,061	+0.8%	1.28%
NXPI	NXP Semiconductors N.V. Technology	Reduced	32,861	-633	$6,469,016	−11.0%	1.27%
IBM	International Business Machines Corp Technology	Reduced	26,218	-215	$6,354,981	−18.8%	1.24%
GOOGL	Alphabet Inc. Communication Services	Reduced	21,263	-1,386	$6,114,388	−13.7%	1.20%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	102,907	-2,626	$5,931,559	+4.4%	1.16%
MDT	Medtronic plc Healthcare	Reduced	64,213	-1,153	$5,564,056	−11.4%	1.09%
DUK	Duke Energy CORP Utilities	Reduced	42,285	-357	$5,536,797	+10.8%	1.08%
LLY	ELI LILLY & Co Healthcare	Reduced	5,815	-74	$5,348,462	−15.5%	1.05%
ZTS	Zoetis Inc. Healthcare	Reduced	45,091	-911	$5,330,207	−7.9%	1.04%
DHR	Danaher Corp /De/ Healthcare	Reduced	27,795	-120	$5,269,932	−17.5%	1.03%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	90,085	-1,415	$5,072,686	+4.9%	0.99%
UPS	United Parcel Service Inc Industrials	Reduced	48,279	-571	$4,749,688	−2.0%	0.93%
PEP	Pepsico Inc Consumer Defensive	Reduced	29,549	-649	$4,588,664	+5.9%	0.90%
KO	Coca Cola Co Consumer Defensive	Reduced	59,719	-500	$4,541,629	+7.9%	0.89%
CPK	Chesapeake Utilities Corp Utilities	Reduced	34,675	-59,879	$4,381,879	−62.9%	0.86%
MMM	3M Co Industrials	Reduced	30,059	-342	$4,365,468	−10.3%	0.85%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	30,174	-1,520	$4,145,907	+8.5%	0.81%
CCI	Crown Castle Inc. Real Estate	Reduced	50,937	-2,988	$4,141,687	−13.6%	0.81%
VZ	Verizon Communications Inc Communication Services	Reduced	81,721	-2,052	$4,102,394	+20.2%	0.80%
DIS	Walt Disney Co Communication Services	Reduced	40,916	-17,035	$3,943,484	−40.2%	0.77%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Reduced	8,454	-217	$3,915,808	−6.0%	0.77%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	64,370	-458	$3,904,040	+11.6%	0.76%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	68,815	-1,344	$3,634,808	−18.7%	0.71%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	7,364	+45	$3,528,828	−4.1%	0.69%