# EDGAR Filing Document

**Accession Number:** 0001055963
**File Stem:** 0001055963-25-000005
**Filing Date:** 2025-10
**Character Count:** 14720
**Document Hash:** 271d80f3a94db08130a85c166630492a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001055963-25-000005.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0001055963-25-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tufton Capital Management
- **CENTRAL INDEX KEY:** 0001055963

**ORGANIZATION NAME:**
- **EIN:** 200409880
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06742
- **FILM NUMBER:** 251440175

**BUSINESS ADDRESS:**
- **STREET 1:** 303 INTERNATIONAL CIRCLE
- **CITY:** HUNT VALLEY
- **STATE:** MD
- **ZIP:** 21030
- **BUSINESS PHONE:** 410-400-8500

**MAIL ADDRESS:**
- **STREET 1:** 303 INTERNATIONAL CIRCLE
- **CITY:** HUNT VALLEY
- **STATE:** MD
- **ZIP:** 21030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARDESTY CAPITAL MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 19990330

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Tufton Capital Management<br>**Address:** 303 INTERNATIONAL CIRCLE<br>HUNT VALLEY, MD 21030

**Form 13F File Number:** 028-06742

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Charles Meyer<br>**Title:** Compliance Officer<br>**Phone:** 410-400-8500

**Signature, Place, and Date of Signing:**

Charles Meyer  Hunt Valley, MD  10-31-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 118

**Form 13F Information Table Value Total:** $561050000

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579y101 |  | 4755 | 30645 | SH |  | SOLE |  | 0 | 0 | 30645 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 8932 | 66691 | SH |  | SOLE |  | 0 | 0 | 66691 |
| ABBVIE INC | COM | 00287y109 |  | 12827 | 55400 | SH |  | SOLE |  | 0 | 0 | 55400 |
| AIR PRODS  CHEMS INC COM | COM | 009158106 |  | 411 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| ALPHABET INC CAP STK CL A | COM | 02079K305 |  | 5558 | 22864 | SH |  | SOLE |  | 0 | 0 | 22864 |
| ALPHABET INC. CLASS C | COM | 02079k107 |  | 21636 | 88837 | SH |  | SOLE |  | 0 | 0 | 88837 |
| ALTRIA GROUP INC | COM | 02209s103 |  | 647 | 9796 | SH |  | SOLE |  | 0 | 0 | 9796 |
| AMAZON COM INC COM | COM | 023135106 |  | 14861 | 67683 | SH |  | SOLE |  | 0 | 0 | 67683 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 1499 | 4513 | SH |  | SOLE |  | 0 | 0 | 4513 |
| AMERIPRISE FINANCIAL INC | COM | 03076c106 |  | 260 | 530 | SH |  | SOLE |  | 0 | 0 | 530 |
| APPLE INC COM | COM | 037833100 |  | 25496 | 100130 | SH |  | SOLE |  | 0 | 0 | 100130 |
| ARM HOLDINGS PLC | COM | 042068205 |  | 661 | 4675 | SH |  | SOLE |  | 0 | 0 | 4675 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 15102 | 51456 | SH |  | SOLE |  | 0 | 0 | 51456 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 12070 | 233967 | SH |  | SOLE |  | 0 | 0 | 233967 |
| BERKSHIRE HATHAWAYINC   DEL CL | COM | 084670702 |  | 3729 | 7419 | SH |  | SOLE |  | 0 | 0 | 7419 |
| BLACKROCK INC | COM | 09290d101 |  | 439 | 377 | SH |  | SOLE |  | 0 | 0 | 377 |
| BLACKSTONE INC | COM | 09260d107 |  | 242 | 1422 | SH |  | SOLE |  | 0 | 0 | 1422 |
| BOSTON SCIENTIFIC CO | COM | 101137107 |  | 997 | 10216 | SH |  | SOLE |  | 0 | 0 | 10216 |
| BRISTOL-MYERS SQUIBB | COM | 110122108 |  | 3234 | 71725 | SH |  | SOLE |  | 0 | 0 | 71725 |
| BROWN FORMAN CORP CL B | COM | 115637209 |  | 205 | 7575 | SH |  | SOLE |  | 0 | 0 | 7575 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 3711 | 17457 | SH |  | SOLE |  | 0 | 0 | 17457 |
| CARRIER GLOBAL CORP | COM | 14448c104 |  | 5558 | 93105 | SH |  | SOLE |  | 0 | 0 | 93105 |
| CATERPILLAR INC | COM | 149123101 |  | 11888 | 24915 | SH |  | SOLE |  | 0 | 0 | 24915 |
| CHESAPEAKE UTILS CORP COM | COM | 165303108 |  | 9596 | 71250 | SH |  | SOLE |  | 0 | 0 | 71250 |
| CHEVRON CORP | COM | 166764100 |  | 10352 | 66667 | SH |  | SOLE |  | 0 | 0 | 66667 |
| CHIPOTLE MEXICAN GRILL | COM | 169656105 |  | 1251 | 31930 | SH |  | SOLE |  | 0 | 0 | 31930 |
| CHUBB  LTD  New | COM | h1467j104 |  | 9722 | 34446 | SH |  | SOLE |  | 0 | 0 | 34446 |
| CISCO SYSTEMS INC | COM | 17275r102 |  | 2584 | 37778 | SH |  | SOLE |  | 0 | 0 | 37778 |
| COCA COLA COMPANY | COM | 191216100 |  | 4055 | 61148 | SH |  | SOLE |  | 0 | 0 | 61148 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 1963 | 24558 | SH |  | SOLE |  | 0 | 0 | 24558 |
| CORNING INC | COM | 219350105 |  | 15425 | 188043 | SH |  | SOLE |  | 0 | 0 | 188043 |
| COSTCO WHOLESALE CO | COM | 22160k105 |  | 2468 | 2667 | SH |  | SOLE |  | 0 | 0 | 2667 |
| CROWN CASTLE INC REIT | COM | 22822v101 |  | 6030 | 62502 | SH |  | SOLE |  | 0 | 0 | 62502 |
| CSX CORP COM | COM | 126408103 |  | 394 | 11108 | SH |  | SOLE |  | 0 | 0 | 11108 |
| DANAHER CORP | COM | 235851102 |  | 5721 | 28857 | SH |  | SOLE |  | 0 | 0 | 28857 |
| DEERE CO | COM | 244199105 |  | 1159 | 2536 | SH |  | SOLE |  | 0 | 0 | 2536 |
| DIGITAL REALTY TRUST REIT | COM | 253868103 |  | 6937 | 40128 | SH |  | SOLE |  | 0 | 0 | 40128 |
| DOW INC REG             SHS | COM | 260557103 |  | 735 | 32071 | SH |  | SOLE |  | 0 | 0 | 32071 |
| DUKE ENERGY CORP | COM | 26441c204 |  | 5276 | 42638 | SH |  | SOLE |  | 0 | 0 | 42638 |
| DUPONT DE NEMOURS INC IA | COM | 26614n102 |  | 3069 | 39405 | SH |  | SOLE |  | 0 | 0 | 39405 |
| EATON CORP PLC | COM | g29183103 |  | 495 | 1325 | SH |  | SOLE |  | 0 | 0 | 1325 |
| ECOSPHERE TECH INC COM | COM | 27922x105 |  | 0 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| ELEVANCE HEALTH INC COM | COM | 036752103 |  | 1332 | 4124 | SH |  | SOLE |  | 0 | 0 | 4124 |
| ELI LILLY AND CO | COM | 532457108 |  | 4373 | 5732 | SH |  | SOLE |  | 0 | 0 | 5732 |
| ELUTIA INC | COM | 05479k106 |  | 12 | 13700 | SH |  | SOLE |  | 0 | 0 | 13700 |
| EMERSON ELECTRIC CO | COM | 291011104 |  | 9572 | 72974 | SH |  | SOLE |  | 0 | 0 | 72974 |
| ENTERPRISE PRODS PART LP | COM | 293792107 |  | 2743 | 87737 | SH |  | SOLE |  | 0 | 0 | 87737 |
| EXXON MOBIL CORP | COM | 30231g102 |  | 9848 | 87352 | SH |  | SOLE |  | 0 | 0 | 87352 |
| FEDEX CORP | COM | 31428x106 |  | 279 | 1185 | SH |  | SOLE |  | 0 | 0 | 1185 |
| FIDELITY COVINGTON TR MSCI REA | COM | 316092857 |  | 245 | 8838 | SH |  | SOLE |  | 0 | 0 | 8838 |
| GE AEROSPACE COM NEW | COM | 369604301 |  | 729 | 2425 | SH |  | SOLE |  | 0 | 0 | 2425 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 383 | 623 | SH |  | SOLE |  | 0 | 0 | 623 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 378 | 475 | SH |  | SOLE |  | 0 | 0 | 475 |
| HOME DEPOT INC | COM | 437076102 |  | 552 | 1364 | SH |  | SOLE |  | 0 | 0 | 1364 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 347 | 1653 | SH |  | SOLE |  | 0 | 0 | 1653 |
| INTEL CORP | COM | 458140100 |  | 2077 | 61925 | SH |  | SOLE |  | 0 | 0 | 61925 |
| INTL BUSINESS MACHINES  CORP I | COM | 459200101 |  | 7653 | 27123 | SH |  | SOLE |  | 0 | 0 | 27123 |
| INTUIT INC | COM | 461202103 |  | 374 | 549 | SH |  | SOLE |  | 0 | 0 | 549 |
| INTUITIVE SURGICAL INC  NEW | COM | 46120e602 |  | 576 | 1288 | SH |  | SOLE |  | 0 | 0 | 1288 |
| INVESCO QQQ TR    SER 1 | COM | 46090e103 |  | 361 | 601 | SH |  | SOLE |  | 0 | 0 | 601 |
| ISHARES CORE S 500 ETF | COM | 464287200 |  | 4845 | 7240 | SH |  | SOLE |  | 0 | 0 | 7240 |
| ISHARES CORE S MID-CAP ETF | COM | 464287507 |  | 1139 | 17458 | SH |  | SOLE |  | 0 | 0 | 17458 |
| ISHARES CORE S SMALL-CAP ETF | COM | 464287804 |  | 907 | 7637 | SH |  | SOLE |  | 0 | 0 | 7637 |
| ISHARES TR NORTH AMERN TECH ET | COM | 464287549 |  | 702 | 5575 | SH |  | SOLE |  | 0 | 0 | 5575 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10265 | 55363 | SH |  | SOLE |  | 0 | 0 | 55363 |
| JPMORGAN CHASE  CO. COM | COM | 46625H100 |  | 23341 | 73999 | SH |  | SOLE |  | 0 | 0 | 73999 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 9444 | 18918 | SH |  | SOLE |  | 0 | 0 | 18918 |
| LOWES COS INC COM | COM | 548661107 |  | 755 | 3005 | SH |  | SOLE |  | 0 | 0 | 3005 |
| MASTERCARD INC CLASS A | COM | 57636q104 |  | 292 | 515 | SH |  | SOLE |  | 0 | 0 | 515 |
| MC CORMICK  CO INC | COM | 579780206 |  | 2229 | 33314 | SH |  | SOLE |  | 0 | 0 | 33314 |
| MCDONALDS CORP COM | COM | 580135101 |  | 369 | 1216 | SH |  | SOLE |  | 0 | 0 | 1216 |
| MEDTRONIC PLC SHS | COM | G5960L103 |  | 6364 | 66829 | SH |  | SOLE |  | 0 | 0 | 66829 |
| MERCK  CO. INC. | COM | 58933y105 |  | 8492 | 101182 | SH |  | SOLE |  | 0 | 0 | 101182 |
| META PLATFORMS INC CL A | COM | 30303M102 |  | 1808 | 2462 | SH |  | SOLE |  | 0 | 0 | 2462 |
| MICROSOFT CORP | COM | 594918104 |  | 38095 | 73550 | SH |  | SOLE |  | 0 | 0 | 73550 |
| MONDELEZ INTL CLASS A | COM | 609207105 |  | 6805 | 108933 | SH |  | SOLE |  | 0 | 0 | 108933 |
| NETFLIX INC COM | COM | 64110L106 |  | 790 | 659 | SH |  | SOLE |  | 0 | 0 | 659 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 732 | 9700 | SH |  | SOLE |  | 0 | 0 | 9700 |
| NIKE INC CL B | COM | 654106103 |  | 5822 | 83494 | SH |  | SOLE |  | 0 | 0 | 83494 |
| NORFOLK SOUTHERN CO | COM | 655844108 |  | 10246 | 34108 | SH |  | SOLE |  | 0 | 0 | 34108 |
| NVIDIA CORP COM | COM | 67066G104 |  | 2293 | 12290 | SH |  | SOLE |  | 0 | 0 | 12290 |
| NXP SEMICONDUCTORS F | COM | n6596x109 |  | 7544 | 33129 | SH |  | SOLE |  | 0 | 0 | 33129 |
| OCCIDENTAL PETE CORP CAL | COM | 674599105 |  | 1138 | 24095 | SH |  | SOLE |  | 0 | 0 | 24095 |
| OTIS WORLDWIDE CORP | COM | 68902v107 |  | 1381 | 15111 | SH |  | SOLE |  | 0 | 0 | 15111 |
| PEPSICO INC | COM | 713448108 |  | 4262 | 30348 | SH |  | SOLE |  | 0 | 0 | 30348 |
| PHILIP MORRIS INTL | COM | 718172109 |  | 6670 | 41128 | SH |  | SOLE |  | 0 | 0 | 41128 |
| PINTEREST INC CLASS A | COM | 72352l106 |  | 964 | 29985 | SH |  | SOLE |  | 0 | 0 | 29985 |
| PNC FINCL SERVICES GROUP | COM | 693475105 |  | 1812 | 9019 | SH |  | SOLE |  | 0 | 0 | 9019 |
| PRICE T ROWE GROUP INC COM | COM | 74144T108 |  | 832 | 8107 | SH |  | SOLE |  | 0 | 0 | 8107 |
| PROCTER  GAMBLE | COM | 742718109 |  | 9497 | 61814 | SH |  | SOLE |  | 0 | 0 | 61814 |
| QUALCOMM INC | COM | 747525103 |  | 11396 | 68506 | SH |  | SOLE |  | 0 | 0 | 68506 |
| RTX CORP | COM | 75513e101 |  | 12057 | 72060 | SH |  | SOLE |  | 0 | 0 | 72060 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 701 | 20396 | SH |  | SOLE |  | 0 | 0 | 20396 |
| SELECT SECTOR SPDR  SPDR TR TE | COM | 81369Y803 |  | 399 | 1419 | SH |  | SOLE |  | 0 | 0 | 1419 |
| SPDR DOW JONES INDL AVERAGE ET | COM | 78467X109 |  | 4047 | 8727 | SH |  | SOLE |  | 0 | 0 | 8727 |
| SPDR S 500 ETF TR TR UNIT | COM | 78462f103 |  | 3008 | 4516 | SH |  | SOLE |  | 0 | 0 | 4516 |
| SPDR S DIVIDEND ETF | COM | 78464a763 |  | 1721 | 12295 | SH |  | SOLE |  | 0 | 0 | 12295 |
| STRYKER CORP | COM | 863667101 |  | 354 | 959 | SH |  | SOLE |  | 0 | 0 | 959 |
| SYSCO CORP COM | COM | 871829107 |  | 1199 | 14568 | SH |  | SOLE |  | 0 | 0 | 14568 |
| TARGET CORP | COM | 87612e106 |  | 6156 | 68630 | SH |  | SOLE |  | 0 | 0 | 68630 |
| TESLA INC COM | COM | 88160R101 |  | 253 | 570 | SH |  | SOLE |  | 0 | 0 | 570 |
| TJX COMPANIES INC | COM | 872540109 |  | 18166 | 125684 | SH |  | SOLE |  | 0 | 0 | 125684 |
| UNION PAC CORP COM | COM | 907818108 |  | 648 | 2745 | SH |  | SOLE |  | 0 | 0 | 2745 |
| UNITED PARCEL SRVC CLASS B | COM | 911312106 |  | 4635 | 55497 | SH |  | SOLE |  | 0 | 0 | 55497 |
| VERIZON COMMUNICATIONS INC | COM | 92343v104 |  | 3834 | 87235 | SH |  | SOLE |  | 0 | 0 | 87235 |
| VISA INC CLASS A | COM | 92826c839 |  | 1009 | 2956 | SH |  | SOLE |  | 0 | 0 | 2956 |
| W R BERKLEY CORP | COM | 084423102 |  | 568 | 7425 | SH |  | SOLE |  | 0 | 0 | 7425 |
| WALMART INC COM | COM | 931142103 |  | 754 | 7318 | SH |  | SOLE |  | 0 | 0 | 7318 |
| WALT DISNEY CO | COM | 254687106 |  | 7016 | 61276 | SH |  | SOLE |  | 0 | 0 | 61276 |
| WELLS FARGO  CO | COM | 949746101 |  | 10115 | 120683 | SH |  | SOLE |  | 0 | 0 | 120683 |
| ZOETIS INC CLASS A | COM | 98978v103 |  | 7079 | 48381 | SH |  | SOLE |  | 0 | 0 | 48381 |
| ISHARES INC CORE MSCI   EMERGI | INT | 46434g103 |  | 750 | 11382 | SH |  | SOLE |  | 0 | 0 | 11382 |
| ISHARES TR CORE MSCI EAFE ETF | INT | 46432F842 |  | 1631 | 18687 | SH |  | SOLE |  | 0 | 0 | 18687 |
| SHELL PLC | INT | 780259305 |  | 228 | 3194 | SH |  | SOLE |  | 0 | 0 | 3194 |
| TAIWAN SEMICONDUCTR F SPONSORE | INT | 874039100 |  | 7584 | 27156 | SH |  | SOLE |  | 0 | 0 | 27156 |
| VANGUARD FTSE ALL WORLD EX US | INT | 922042775 |  | 233 | 3270 | SH |  | SOLE |  | 0 | 0 | 3270 |
| VANGUARD FTSE DEVELOPED MARKET | INT | 921943858 |  | 770 | 12851 | SH |  | SOLE |  | 0 | 0 | 12851 |
| VANGUARD FTSE EMERGING  MARKET | INT | 922042858 |  | 1067 | 19694 | SH |  | SOLE |  | 0 | 0 | 19694 |

---