Tufton Capital Management

Q3 2025 13F-HR Holdings

Location
Hunt Valley, MD
Holdings as of
9/30/2025
Date filed
10/31/2025
Form type
13F-HR
Num holdings
118
Total value ($000)
$560,997
Net value change ($000)
+35,053 (6.7%)
New positions
3
Sold out positions
3
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 1/28/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 5,841 37.0%
AAPL 5,806 29.5%
GLW 4,405 40.0%
TJX 2,626 16.9%
ABBV 2,577 25.1%
CAT 2,188 22.6%
JNJ 1,836 21.8%
JPM 1,813 8.4%
RTX 1,561 14.9%
GOOGL 1,525 37.8%
Top Reduces (Value $000, Stocks/ETFs)
CARR -1,261 -18.5%
UPS -1,046 -18.4%
PM -832 -11.1%
ADP -794 -5.0%
TGT -692 -10.1%
DIS -656 -8.6%
MDLZ -575 -7.8%
ZTS -556 -7.3%
CMG -541 -30.2%
DOW -476 -39.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type