Tufton Capital Management
Long book
$549.7M
Q1 2026
Positions
126
Top-10 weight
36%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsTufton Capital Management is an institutional manager, running a $549.7M US long book across 126 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, ALPHABET INC-CL C, APPLE INC, CORNING INC, JPMORGAN CHASE & CO.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+6.3%
Q3 2024
-1.1%
Q4 2024
-0.7%
Q1 2025
+5.7%
Q2 2025
+7.3%
Q3 2025
+3.9%
Q4 2025
+0.3%
Q1 2026
+12.3%
Sector allocation
Technology 25%
Industrials 20%
Healthcare 14%
Financials 13%
Consumer discretionary 9%
Energy 6%
Consumer staples 5%
Other 3%
Long book by quarter
What does Tufton Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 71.4K | $26.4M | 4.8% | -1.7% |
| GOOG ALPHABET INC-CL C | Technology | 84.8K | $24.3M | 4.4% | -3.7% |
| AAPL APPLE INC | Technology | 95.5K | $24.2M | 4.4% | -5.1% |
| GLW CORNING INC | Industrials | 161.8K | $22.0M | 4.0% | -12.0% |
| JPM JPMORGAN CHASE & CO | Financials | 71.2K | $20.9M | 3.8% | -2.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 119.5K | $19.1M | 3.5% | -3.7% |
| CAT CATERPILLAR INC | Industrials | 24.0K | $17.0M | 3.1% | -3.0% |
| XOM EXXON MOBIL CORP | Energy | 84.9K | $14.4M | 2.6% | -1.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 68.4K | $14.3M | 2.6% | -1.5% |
| CVX CHEVRON CORP | Energy | 65.7K | $13.6M | 2.5% | -1.5% |
| RTX RTX CORP | Industrials | 69.9K | $13.5M | 2.5% | -2.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 54.2K | $13.3M | 2.4% | -1.4% |
| MRK MERCK & CO. INC. | Healthcare | 99.1K | $11.9M | 2.2% | -1.1% |
| ABBV ABBVIE INC | Healthcare | 54.1K | $11.8M | 2.1% | -1.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 18.4K | $11.1M | 2.0% | -2.0% |
| BAC BANK OF AMERICA CORP | Financials | 226.4K | $11.0M | 2.0% | -2.7% |
| CB CHUBB LTD | Financials | 33.4K | $10.9M | 2.0% | -2.2% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 50.2K | $10.2M | 1.9% | -0.9% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 33.3K | $9.6M | 1.7% | -1.2% |
| WFC WELLS FARGO & CO | Financials | 117.6K | $9.4M | 1.7% | -1.6% |
| EMR EMERSON ELECTRIC CO | Industrials | 71.5K | $9.4M | 1.7% | -1.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 63.0K | $9.1M | 1.7% | -1.3% |
| QCOM QUALCOMM INC | Technology | 67.3K | $8.7M | 1.6% | -1.5% |
| TGT TARGET CORP | Consumer discretionary | 64.4K | $7.8M | 1.4% | -2.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 65.9K | $6.8M | 1.2% | -0.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 39.7K | $6.6M | 1.2% | -2.2% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 32.9K | $6.5M | 1.2% | -1.9% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 26.2K | $6.4M | 1.2% | -0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 21.3K | $6.1M | 1.1% | -6.1% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 102.9K | $5.9M | 1.1% | -2.5% |
| MDT MEDTRONIC PLC | Healthcare | 64.2K | $5.6M | 1.0% | -1.8% |
| DUK DUKE ENERGY CORP | Utilities | 42.3K | $5.5M | 1.0% | -0.8% |
| LLY ELI LILLY & CO | Healthcare | 5.8K | $5.3M | 1.0% | -1.3% |
| ZTS ZOETIS INC | Healthcare | 45.1K | $5.3M | 1.0% | -2.0% |
| DHR DANAHER CORP | Technology | 27.8K | $5.3M | 1.0% | -0.4% |
| CARR CARRIER GLOBAL CORP | Industrials | 90.1K | $5.1M | 0.9% | -1.5% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 48.3K | $4.7M | 0.9% | -1.2% |
| PEP PEPSICO INC | Consumer staples | 29.5K | $4.6M | 0.8% | -2.1% |
| KO COCA-COLA CO/THE | Consumer staples | 59.7K | $4.5M | 0.8% | -0.8% |
| CPK CHESAPEAKE UTILITIES CORP | Utilities | 34.7K | $4.4M | 0.8% | -63.3% |
| MMM 3M CO | Healthcare | 30.1K | $4.4M | 0.8% | -1.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 81.7K | $4.1M | 0.7% | -2.4% |
| DIS WALT DISNEY CO/THE | Services media | 40.9K | $3.9M | 0.7% | -29.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 64.4K | $3.9M | 0.7% | -0.7% |
| NKE NIKE INC -CL B | Other | 68.8K | $3.6M | 0.7% | -1.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.4K | $3.5M | 0.6% | +0.6% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 18.0K | $3.3M | 0.6% | -1.1% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 82.8K | $3.1M | 0.6% | -0.3% |
| CSCO CISCO SYSTEMS INC | Technology | 35.9K | $2.8M | 0.5% | -1.3% |
| INTC INTEL CORP | Technology | 57.3K | $2.5M | 0.5% | -3.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 126 | $549.74B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 122 | $572.14B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 118 | $561.05B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 118 | $526.0M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 120 | $519.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 120 | $528.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 121 | $533.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 119 | $514.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 118 | $509.2M | canonical | SEC ↗ |
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