Portfolio (Quarterly) Guide ↗

Tufton Capital Management

· CIK 0001055963

13F Portfolio $550M AUM 126 positions Filed May 12, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 44 New 11 Added 50 Reduced 4 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	IVV	ISHARES TR CORE S&P500 ETF	—	7,501.0	$4.9M	0.89%	+238.0	+3.3%	$653.11	+12.2%
2	—	BERKSHIRE HATHAWAY INC DEL CL	—	7,364.0	$3.5M	0.64%	+45.0	+0.6%	$479.09	—
3	IEFA	ISHARES TR CORE MSCI EAFE	—	19,495.0	$1.8M	0.32%	+642.0	+3.4%	$90.48	+5.5%
4	VEA	VANGUARD TAX-MANAGED FDS VAN F	—	21,976.0	$1.4M	0.26%	+4K	+24.3%	$64.07	+10.1%
5	VWO	VANGUARD INTL EQUITY INDEX FDS	—	23,088.0	$1.2M	0.23%	+2K	+11.8%	$54.01	+8.5%
6	IJH	ISHARES TR CORE S&P MCP ETF	—	18,252.0	$1.2M	0.22%	+869.0	+5.0%	$67.50	+12.8%
7	IJR	ISHARES TR CORE S&P SCP ETF	—	8,122.0	$1.0M	0.18%	+439.0	+5.7%	$124.23	+18.7%
8	LOW	LOWES COS INC COM	Consumer Cyclical	2,932.0	$692K	0.13%	+27.0	+0.9%	$236.02	-5.7%
9	CSX	CSX CORP COM	Industrials	11,072.0	$454K	0.08%	+132.0	+1.2%	$41.00	+16.2%
10	BA	BOEING CO COM	Industrials	1,624.0	$323K	0.06%	+448.0	+38.1%	$198.89	+9.2%
11	TSLA	TESLA INC COM	Consumer Cyclical	579.0	$215K	0.04%	+9.0	+1.6%	$371.33	+2.3%

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Technology 21.1%

Industrials 17.1%

Healthcare 13.6%

Financial Services 13.1%

Consumer Defensive 8.9%

Communication Services 7.7%

Consumer Cyclical 7.5%

Energy 6.3%

Utilities 2.1%

Real Estate 2.1%