# EDGAR Filing Document

**Accession Number:** 0001055963
**File Stem:** 0001055963-26-000002
**Filing Date:** 2026-5
**Character Count:** 15810
**Document Hash:** 079d4cb4d105267924ae93e7c40e85c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001055963-26-000002.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001055963-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**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:** 26966242

**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:** 03-31-2026

**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  05-12-2026<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:** 126

**Form 13F Information Table Value Total:** $549743000

      (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 | COM | 88579Y101 |  | 4365 | 30059 | SH |  | SOLE |  | 0 | 0 | 30059 |
| ABBOTT LABORATORIES COM | COM | 002824100 |  | 6762 | 65869 | SH |  | SOLE |  | 0 | 0 | 65869 |
| ABBVIE INC COM | COM | 00287Y109 |  | 11773 | 54133 | SH |  | SOLE |  | 0 | 0 | 54133 |
| AIR PRODUCTS AND CHEMICALS INC | COM | 009158106 |  | 438 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| ALPHABET INC CAP STK CL A | COM | 02079K305 |  | 6114 | 21263 | SH |  | SOLE |  | 0 | 0 | 21263 |
| ALPHABET INC CAP STK CL C | COM | 02079K107 |  | 24335 | 84833 | SH |  | SOLE |  | 0 | 0 | 84833 |
| ALTRIA GROUP INC COM | COM | 02209S103 |  | 603 | 9138 | SH |  | SOLE |  | 0 | 0 | 9138 |
| AMAZON COM INC COM | COM | 023135106 |  | 14252 | 68432 | SH |  | SOLE |  | 0 | 0 | 68432 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 1344 | 4445 | SH |  | SOLE |  | 0 | 0 | 4445 |
| AMERIPRISE FINL INC COM | COM | 03076C106 |  | 202 | 455 | SH |  | SOLE |  | 0 | 0 | 455 |
| APPLE INC COM | COM | 037833100 |  | 24226 | 95460 | SH |  | SOLE |  | 0 | 0 | 95460 |
| ARM HOLDINGS PLC SPONSORED ADS | COM | 042068205 |  | 612 | 4049 | SH |  | SOLE |  | 0 | 0 | 4049 |
| AUTOMATIC DATA PROCESSING INC | COM | 053015103 |  | 10190 | 50155 | SH |  | SOLE |  | 0 | 0 | 50155 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 11036 | 226397 | SH |  | SOLE |  | 0 | 0 | 226397 |
| BERKLEY W R CORP COM | COM | 084423102 |  | 489 | 7385 | SH |  | SOLE |  | 0 | 0 | 7385 |
| BERKSHIRE HATHAWAY INC DEL CL | COM | 084670702 |  | 3528 | 7364 | SH |  | SOLE |  | 0 | 0 | 7364 |
| BLACKROCK INC COM | COM | 09290D101 |  | 300 | 312 | SH |  | SOLE |  | 0 | 0 | 312 |
| BLACKSTONE INC COM | COM | 09260d107 |  | 205 | 1784 | SH |  | SOLE |  | 0 | 0 | 1784 |
| BOEING CO COM | COM | 097023105 |  | 323 | 1624 | SH |  | SOLE |  | 0 | 0 | 1624 |
| BOSTON SCIENTIFIC CO | COM | 101137107 |  | 569 | 9077 | SH |  | SOLE |  | 0 | 0 | 9077 |
| BRISTOL-MYERS SQUIBB CO COM | COM | 110122108 |  | 3904 | 64370 | SH |  | SOLE |  | 0 | 0 | 64370 |
| BROWN FORMAN CORP CL B | COM | 115637209 |  | 232 | 8775 | SH |  | SOLE |  | 0 | 0 | 8775 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 3279 | 17977 | SH |  | SOLE |  | 0 | 0 | 17977 |
| CARRIER GLOBAL CORPORATION COM | COM | 14448C104 |  | 5072 | 90085 | SH |  | SOLE |  | 0 | 0 | 90085 |
| CATERPILLAR INC COM | COM | 149123101 |  | 16972 | 23957 | SH |  | SOLE |  | 0 | 0 | 23957 |
| CHESAPEAKE UTILS CORP COM | COM | 165303108 |  | 4381 | 34675 | SH |  | SOLE |  | 0 | 0 | 34675 |
| CHEVRON CORPORATION COM | COM | 166764100 |  | 13588 | 65676 | SH |  | SOLE |  | 0 | 0 | 65676 |
| CHIPOTLE MEXICAN GRILL INC COM | COM | 169656105 |  | 912 | 28510 | SH |  | SOLE |  | 0 | 0 | 28510 |
| CHUBB LTD SWITZ COM | COM | H1467J104 |  | 10880 | 33382 | SH |  | SOLE |  | 0 | 0 | 33382 |
| CISCO SYS INC COM | COM | 17275R102 |  | 2785 | 35897 | SH |  | SOLE |  | 0 | 0 | 35897 |
| COCA COLA CO COM | COM | 191216100 |  | 4541 | 59719 | SH |  | SOLE |  | 0 | 0 | 59719 |
| COLGATE PALMOLIVE CO COM | COM | 194162103 |  | 1968 | 23090 | SH |  | SOLE |  | 0 | 0 | 23090 |
| CORNING INC COM | COM | 219350105 |  | 21999 | 161795 | SH |  | SOLE |  | 0 | 0 | 161795 |
| COSTCO WHOLESALE CORPORATION C | COM | 22160K105 |  | 2241 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| CROWN CASTLE INC COM | COM | 22822V101 |  | 4141 | 50937 | SH |  | SOLE |  | 0 | 0 | 50937 |
| CSX CORP COM | COM | 126408103 |  | 454 | 11072 | SH |  | SOLE |  | 0 | 0 | 11072 |
| DANAHER CORP DEL COM | COM | 235851102 |  | 5269 | 27795 | SH |  | SOLE |  | 0 | 0 | 27795 |
| DEERE  CO COM | COM | 244199105 |  | 1454 | 2582 | SH |  | SOLE |  | 0 | 0 | 2582 |
| DIGITAL RLTY TR INC COM | COM | 253868103 |  | 7141 | 39630 | SH |  | SOLE |  | 0 | 0 | 39630 |
| DIMENSIONAL ETF TRUST US CORE | COM | 25434V708 |  | 391 | 10085 | SH |  | SOLE |  | 0 | 0 | 10085 |
| DIMENSIONAL ETF TRUST US HIGH | COM | 25434V831 |  | 248 | 6765 | SH |  | SOLE |  | 0 | 0 | 6765 |
| DIMENSIONAL ETF TRUST US MKTWI | COM | 25434V724 |  | 228 | 4710 | SH |  | SOLE |  | 0 | 0 | 4710 |
| DISNEY WALT CO COM | COM | 254687106 |  | 3943 | 40916 | SH |  | SOLE |  | 0 | 0 | 40916 |
| DOW HLDGS INC COM | COM | 260557103 |  | 672 | 16157 | SH |  | SOLE |  | 0 | 0 | 16157 |
| DUKE ENERGY CORP NEW COM NEW | COM | 26441C204 |  | 5536 | 42285 | SH |  | SOLE |  | 0 | 0 | 42285 |
| DUPONT DE NEMOURS INC COM | COM | 26614N102 |  | 1382 | 30174 | SH |  | SOLE |  | 0 | 0 | 30174 |
| EATON CORP PLC SHS | COM | G29183103 |  | 477 | 1334 | SH |  | SOLE |  | 0 | 0 | 1334 |
| ECOSPHERE TECHNOLOGIES INC COM | COM | 27922x105 |  | 0 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| ELEVANCE HEALTH INC FORMERLY A | COM | 036752103 |  | 1207 | 4124 | SH |  | SOLE |  | 0 | 0 | 4124 |
| ELI LILLY  CO COM | COM | 532457108 |  | 5348 | 5815 | SH |  | SOLE |  | 0 | 0 | 5815 |
| ELUTIA INC CL A COM | COM | 05479K106 |  | 15 | 14550 | SH |  | SOLE |  | 0 | 0 | 14550 |
| EMERSON ELEC CO COM | COM | 291011104 |  | 9362 | 71459 | SH |  | SOLE |  | 0 | 0 | 71459 |
| ENTERPRISE PRODS PARTNERS L P | COM | 293792107 |  | 3133 | 82800 | SH |  | SOLE |  | 0 | 0 | 82800 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 14402 | 84890 | SH |  | SOLE |  | 0 | 0 | 84890 |
| FARMERS  MERCHANTS BANCORP IN | COM | 30779N105 |  | 200 | 7800 | SH |  | SOLE |  | 0 | 0 | 7800 |
| FEDEX CORP COM | COM | 31428X106 |  | 300 | 845 | SH |  | SOLE |  | 0 | 0 | 845 |
| GE AEROSPACE COM NEW | COM | 369604301 |  | 688 | 2425 | SH |  | SOLE |  | 0 | 0 | 2425 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 544 | 623 | SH |  | SOLE |  | 0 | 0 | 623 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 401 | 475 | SH |  | SOLE |  | 0 | 0 | 475 |
| HERSHEY CO COM | COM | 427866108 |  | 205 | 989 | SH |  | SOLE |  | 0 | 0 | 989 |
| HOME DEPOT INC COM | COM | 437076102 |  | 445 | 1354 | SH |  | SOLE |  | 0 | 0 | 1354 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 353 | 1565 | SH |  | SOLE |  | 0 | 0 | 1565 |
| INTEL CORP COM | COM | 458140100 |  | 2526 | 57262 | SH |  | SOLE |  | 0 | 0 | 57262 |
| INTERNATIONAL BUSINESS MACHS C | COM | 459200101 |  | 6354 | 26218 | SH |  | SOLE |  | 0 | 0 | 26218 |
| INTUITIVE SURGICAL INC COM NEW | COM | 46120e602 |  | 518 | 1125 | SH |  | SOLE |  | 0 | 0 | 1125 |
| INVESCO QQQ TR UNIT SER 1 | COM | 46090E103 |  | 354 | 614 | SH |  | SOLE |  | 0 | 0 | 614 |
| ISHARES TR CORE S MCP ETF | COM | 464287507 |  | 1232 | 18252 | SH |  | SOLE |  | 0 | 0 | 18252 |
| ISHARES TR CORE S SCP ETF | COM | 464287804 |  | 1009 | 8122 | SH |  | SOLE |  | 0 | 0 | 8122 |
| ISHARES TR CORE S ETF | COM | 464287200 |  | 4899 | 7501 | SH |  | SOLE |  | 0 | 0 | 7501 |
| ISHARES TR EXPND TEC SC ETF | COM | 464287549 |  | 660 | 5575 | SH |  | SOLE |  | 0 | 0 | 5575 |
| ISHARES TR MSCI USA MMENTM | COM | 46432F396 |  | 216 | 903 | SH |  | SOLE |  | 0 | 0 | 903 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 13257 | 54238 | SH |  | SOLE |  | 0 | 0 | 54238 |
| JPMORGAN CHASE  CO COM | COM | 46625H100 |  | 20937 | 71178 | SH |  | SOLE |  | 0 | 0 | 71178 |
| LOCKHEED MARTIN CORP COM | COM | 539830109 |  | 11105 | 18374 | SH |  | SOLE |  | 0 | 0 | 18374 |
| LOWES COS INC COM | COM | 548661107 |  | 692 | 2932 | SH |  | SOLE |  | 0 | 0 | 2932 |
| MASTERCARD INCORPORATED CL A | COM | 57636Q104 |  | 212 | 425 | SH |  | SOLE |  | 0 | 0 | 425 |
| MCCORMICK  CO INC COM NON VTG | COM | 579780206 |  | 1466 | 29071 | SH |  | SOLE |  | 0 | 0 | 29071 |
| MCDONALDS CORP COM | COM | 580135101 |  | 358 | 1155 | SH |  | SOLE |  | 0 | 0 | 1155 |
| MEDTRONIC PLC SHS | COM | G5960L103 |  | 5564 | 64213 | SH |  | SOLE |  | 0 | 0 | 64213 |
| MERCK  CO INC COM | COM | 58933Y105 |  | 11924 | 99132 | SH |  | SOLE |  | 0 | 0 | 99132 |
| META PLATFORMS INC CL A | COM | 30303M102 |  | 1274 | 2228 | SH |  | SOLE |  | 0 | 0 | 2228 |
| MICROSOFT CORP COM | COM | 594918104 |  | 26420 | 71373 | SH |  | SOLE |  | 0 | 0 | 71373 |
| MONDELEZ INTL INC CL A | COM | 609207105 |  | 5931 | 102907 | SH |  | SOLE |  | 0 | 0 | 102907 |
| NETFLIX INC. COM | COM | 64110L106 |  | 672 | 6990 | SH |  | SOLE |  | 0 | 0 | 6990 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 875 | 9430 | SH |  | SOLE |  | 0 | 0 | 9430 |
| NIKE INC CL B | COM | 654106103 |  | 3634 | 68815 | SH |  | SOLE |  | 0 | 0 | 68815 |
| NORFOLK SOUTHN CORP COM | COM | 655844108 |  | 9569 | 33344 | SH |  | SOLE |  | 0 | 0 | 33344 |
| NVIDIA CORPORATION COM | COM | 67066g104 |  | 1184 | 6791 | SH |  | SOLE |  | 0 | 0 | 6791 |
| NXP SEMICONDUCTORS N V COM | COM | N6596X109 |  | 6469 | 32861 | SH |  | SOLE |  | 0 | 0 | 32861 |
| OCCIDENTAL PETE CORP COM | COM | 674599105 |  | 723 | 11137 | SH |  | SOLE |  | 0 | 0 | 11137 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 1125 | 14608 | SH |  | SOLE |  | 0 | 0 | 14608 |
| PEPSICO INC COM | COM | 713448108 |  | 4588 | 29549 | SH |  | SOLE |  | 0 | 0 | 29549 |
| PHILIP MORRIS INTL INC COM | COM | 718172109 |  | 6556 | 39652 | SH |  | SOLE |  | 0 | 0 | 39652 |
| PINTEREST INC CL A | COM | 72352L106 |  | 463 | 25296 | SH |  | SOLE |  | 0 | 0 | 25296 |
| PNC FINL SVCS GROUP INC COM | COM | 693475105 |  | 1926 | 9257 | SH |  | SOLE |  | 0 | 0 | 9257 |
| PRICE T ROWE GROUP INC COM | COM | 74144T108 |  | 604 | 6711 | SH |  | SOLE |  | 0 | 0 | 6711 |
| PROCTER  GAMBLE CO COM | COM | 742718109 |  | 9095 | 62973 | SH |  | SOLE |  | 0 | 0 | 62973 |
| QNITY ELECTRONICS INC COMMON S | COM | 74743L100 |  | 1770 | 15345 | SH |  | SOLE |  | 0 | 0 | 15345 |
| QUALCOMM INC COM | COM | 747525103 |  | 8666 | 67297 | SH |  | SOLE |  | 0 | 0 | 67297 |
| RTX CORPORATION COM | COM | 75513E101 |  | 13477 | 69868 | SH |  | SOLE |  | 0 | 0 | 69868 |
| SELECT SECTOR SPDR TR STATE ST | COM | 81369Y803 |  | 386 | 2906 | SH |  | SOLE |  | 0 | 0 | 2906 |
| SLB LIMITED COM STK | COM | 806857108 |  | 1032 | 20086 | SH |  | SOLE |  | 0 | 0 | 20086 |
| SPDR GOLD TR GOLD SHS | COM | 78463V107 |  | 238 | 555 | SH |  | SOLE |  | 0 | 0 | 555 |
| SPDR SERIES TRUST STATE STREET | COM | 78464A763 |  | 1659 | 11371 | SH |  | SOLE |  | 0 | 0 | 11371 |
| STATE STR SPDR DOW JONES INDL | COM | 78467X109 |  | 3915 | 8454 | SH |  | SOLE |  | 0 | 0 | 8454 |
| STATE STR SPDR S 500 ETF TR | COM | 78462F103 |  | 2765 | 4252 | SH |  | SOLE |  | 0 | 0 | 4252 |
| STRYKER CORPORATION COM | COM | 863667101 |  | 313 | 955 | SH |  | SOLE |  | 0 | 0 | 955 |
| SYSCO CORP COM | COM | 871829107 |  | 1006 | 14108 | SH |  | SOLE |  | 0 | 0 | 14108 |
| TARGET CORP COM | COM | 87612E106 |  | 7800 | 64360 | SH |  | SOLE |  | 0 | 0 | 64360 |
| TESLA INC COM | COM | 88160R101 |  | 215 | 579 | SH |  | SOLE |  | 0 | 0 | 579 |
| TJX COS INC NEW COM | COM | 872540109 |  | 19086 | 119513 | SH |  | SOLE |  | 0 | 0 | 119513 |
| UNION PAC CORP COM | COM | 907818108 |  | 581 | 2395 | SH |  | SOLE |  | 0 | 0 | 2395 |
| UNITED PARCEL SVCS INC CL B | COM | 911312106 |  | 4749 | 48279 | SH |  | SOLE |  | 0 | 0 | 48279 |
| VANGUARD INDEX FDS S 500 ETF | COM | 922908363 |  | 479 | 803 | SH |  | SOLE |  | 0 | 0 | 803 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 4102 | 81721 | SH |  | SOLE |  | 0 | 0 | 81721 |
| VISA INC COM CL A | COM | 92826c839 |  | 835 | 2763 | SH |  | SOLE |  | 0 | 0 | 2763 |
| WALMART INC COM | COM | 931142103 |  | 844 | 6799 | SH |  | SOLE |  | 0 | 0 | 6799 |
| WELLS FARGO  CO COM | COM | 949746101 |  | 9365 | 117636 | SH |  | SOLE |  | 0 | 0 | 117636 |
| ZOETIS INC CL A | COM | 98978V103 |  | 5330 | 45091 | SH |  | SOLE |  | 0 | 0 | 45091 |
| ISHARES INC CORE MSCI EMKT | INT | 46434G103 |  | 833 | 11944 | SH |  | SOLE |  | 0 | 0 | 11944 |
| ISHARES TR CORE MSCI EAFE | INT | 46432F842 |  | 1764 | 19495 | SH |  | SOLE |  | 0 | 0 | 19495 |
| SHELL PLC SPON ADS | INT | 780259305 |  | 288 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| TAIWAN SEMICONDUCTOR MANUFACT | INT | 874039100 |  | 8529 | 25239 | SH |  | SOLE |  | 0 | 0 | 25239 |
| VANGUARD INTL EQUITY INDEX FDS | INT | 922042775 |  | 245 | 3270 | SH |  | SOLE |  | 0 | 0 | 3270 |
| VANGUARD INTL EQUITY INDEX FDS | INT | 922042858 |  | 1247 | 23088 | SH |  | SOLE |  | 0 | 0 | 23088 |
| VANGUARD TAX-MANAGED FDS VAN F | INT | 921943858 |  | 1408 | 21976 | SH |  | SOLE |  | 0 | 0 | 21976 |

---