Tufton Capital Management 13F annual report
Tufton Capital Management is an investment fund managing more than $514 billion ran by Charles Meyer. There are currently 119 companies in Mr. Meyer’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $57.2 billion.
$514 billion Assets Under Management (AUM)
As of 24th July 2024, Tufton Capital Management’s top holding is 78,152 shares of Microsoft currently worth over $34.9 billion and making up 6.8% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Tufton Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 105,761 shares of Apple Inc worth $22.3 billion, whose value grew 21.6% in the past six months.
The third-largest holding is Alphabet Inc worth $20.3 billion and the next is JPMorgan Chase & Co worth $16.7 billion, with 82,678 shares owned.
Currently, Tufton Capital Management's portfolio is worth at least $514 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Tufton Capital Management
The Tufton Capital Management office and employees reside in Hunt Valley, Maryland. According to the last 13-F report filed with the SEC, Charles Meyer serves as the Compliance Officer at Tufton Capital Management.
Recent trades
In the most recent 13F filing, Tufton Capital Management revealed that it had opened a new position in
Medtronic Plc Shs and bought 75,476 shares worth $5.94 billion.
The investment fund also strengthened its position in Apple Inc by buying
21 additional shares.
This makes their stake in Apple Inc total 105,761 shares worth $22.3 billion.
Apple Inc soared 14.2% in the past year.
On the other hand, there are companies that Tufton Capital Management is getting rid of from its portfolio.
Tufton Capital Management closed its position in Medtronic Plc F on 31st July 2024.
It sold the previously owned 75,572 shares for $6.59 billion.
Charles Meyer also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $34.9 billion and 78,152 shares.
One of the average hedge funds
The two most similar investment funds to Tufton Capital Management are Tarbox Family Office and Human Investing. They manage $514 billion and $514 billion respectively.
Charles Meyer investment strategy
Tufton Capital Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 16.8% of
the total portfolio value.
The fund focuses on investments in the United States as
48.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
48% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $240 billion.
The complete list of Tufton Capital Management trades based on 13F SEC filings
These positions were updated on July 31st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
0.63%
78,152
|
$34,930,188,000 | 6.79% |
| Apple Inc |
0.02%
105,761
|
$22,275,381,000 | 4.33% |
| Alphabet Inc |
1.31%
110,726
|
$20,309,362,000 | 3.95% |
| JPMorgan Chase & Co. |
0.89%
82,678
|
$16,722,452,000 | 3.25% |
| TJX Companies, Inc. |
0.26%
137,656
|
$15,155,980,000 | 2.95% |
| Qualcomm, Inc. |
8.21%
72,755
|
$14,491,440,000 | 2.82% |
| Auto Data Processing |
0.37%
56,097
|
$13,389,792,000 | 2.60% |
| Merck & Co Inc |
0.65%
105,369
|
$13,044,744,000 | 2.54% |
| Amazon.com Inc. |
1.18%
64,283
|
$12,422,689,000 | 2.42% |
| Target Corp |
0.46%
73,163
|
$10,831,050,000 | 2.11% |
| Chevron Corp. |
0.04%
69,226
|
$10,828,461,000 | 2.11% |
| Procter & Gamble Co. |
0.58%
65,031
|
$10,725,051,000 | 2.09% |
| Exxon Mobil Corp. |
0.58%
92,427
|
$10,640,221,000 | 2.07% |
| Bank Of America Corp. |
0.65%
255,117
|
$10,146,003,000 | 1.97% |
| Abbvie Inc |
0.27%
58,909
|
$10,104,071,000 | 1.96% |
| Lockheed Martin Corp. |
0.44%
20,337
|
$9,499,412,000 | 1.85% |
| Nxp Semiconductors F |
0.78%
35,241
|
$9,483,000,000 | 1.84% |
| RTX Corp |
0.67%
93,803
|
$9,416,974,000 | 1.83% |
| Chubb Ltd New |
0.69%
36,823
|
$9,392,810,000 | 1.83% |
| Zoetis Inc |
17.40%
51,701
|
$8,962,972,000 | 1.74% |
| Corning, Inc. |
0.07%
229,994
|
$8,935,286,000 | 1.74% |
| Caterpillar Inc. |
0.93%
26,355
|
$8,779,017,000 | 1.71% |
| Emerson Electric Co. |
0.60%
78,704
|
$8,670,079,000 | 1.69% |
| Johnson & Johnson |
1.73%
58,484
|
$8,548,144,000 | 1.66% |
| Norfolk Southern Corp. |
0.80%
36,576
|
$7,852,608,000 | 1.53% |
| Wells Fargo & Co. |
0.74%
131,032
|
$7,781,990,000 | 1.51% |
| Abbott Laboratories |
6.50%
74,173
|
$7,707,368,000 | 1.50% |
| Chesapeake Utils Corp Com |
No change
71,250
|
$7,566,750,000 | 1.47% |
| Mondelez Intl Class A |
1.21%
107,693
|
$7,047,479,000 | 1.37% |
| Walt Disney Co (The) |
0.78%
69,184
|
$6,869,279,000 | 1.34% |
| Medtronic Plc F |
Closed
75,572
|
$6,586,099,000 | |
| Crown Castle Inc Reit |
0.07%
66,713
|
$6,517,908,000 | 1.27% |
| Carrier Global Corporation |
0.66%
100,770
|
$6,356,601,000 | 1.24% |
| Digital Realty Trust Reit |
0.14%
41,779
|
$6,352,496,000 | 1.24% |
| United Parcel Srvc Class B |
0.70%
46,318
|
$6,338,686,000 | 1.23% |
| Medtronic Plc Shs |
Opened
75,476
|
$5,940,715,000 | 1.16% |
| Pepsico Inc |
0.83%
34,499
|
$5,689,920,000 | 1.11% |
| Taiwan Semiconductr F Sponsore |
1.58%
30,354
|
$5,275,828,000 | 1.03% |
| Intl Business Machines Corp I |
No change
28,715
|
$4,966,259,000 | 0.97% |
| Duke Energy Corp. |
0.26%
49,331
|
$4,944,446,000 | 0.96% |
| Philip Morris Intl |
0.75%
44,821
|
$4,541,711,000 | 0.88% |
| Alphabet Inc Shs Cl A |
1.55%
24,440
|
$4,451,746,000 | 0.87% |
| Coca-Cola Co |
0.76%
68,221
|
$4,342,301,000 | 0.84% |
| Verizon Communicatn |
1.81%
99,017
|
$4,083,481,000 | 0.79% |
| Spdr Dow Jones Indl Average Et |
0.12%
10,087
|
$3,945,328,000 | 0.77% |
| Colgate-Palmolive Co. |
1.25%
38,603
|
$3,746,131,000 | 0.73% |
| Dupont De Nemours Inc Ia |
2.21%
46,212
|
$3,719,642,000 | 0.72% |
| Bristol-Myers Squibb Co. |
5.12%
87,331
|
$3,626,856,000 | 0.71% |
| 3M Co. |
2.50%
33,362
|
$3,409,280,000 | 0.66% |
| Eli Lilly And Co |
0.43%
3,467
|
$3,138,952,000 | 0.61% |
| Berkshire Hathawayinc Del Cl |
0.66%
7,472
|
$3,039,609,000 | 0.59% |
| Ishares Core S&p 500 Etf |
4.29%
5,466
|
$2,991,159,000 | 0.58% |
| Danaher Corp. |
1.07%
11,833
|
$2,956,475,000 | 0.57% |
| Intel Corp. |
1.00%
90,509
|
$2,803,066,000 | 0.55% |
| L3harris Technologies In |
2.83%
12,268
|
$2,755,183,000 | 0.54% |
| Enterprise Prods Part Lp |
6.18%
91,014
|
$2,637,585,000 | 0.51% |
| Dow Inc Reg Shs |
9.44%
48,843
|
$2,591,164,000 | 0.50% |
| Capital One Finl Corp Com |
1.13%
18,481
|
$2,558,702,000 | 0.50% |
| Mc Cormick & Co Inc |
1.92%
34,547
|
$2,450,764,000 | 0.48% |
| Cisco Systems, Inc. |
3.30%
50,884
|
$2,417,498,000 | 0.47% |
| Elevance Health Inc Com |
No change
4,124
|
$2,234,630,000 | 0.43% |
| Spdr S&p 500 Etf Tr Tr Unit |
0.24%
4,093
|
$2,227,492,000 | 0.43% |
| Costco Wholesale Corp |
0.66%
2,542
|
$2,160,674,000 | 0.42% |
| Chipotle Mexican Grill |
4,878.17%
34,200
|
$2,142,630,000 | 0.42% |
| Spdr S&p Dividend Etf |
0.22%
12,557
|
$1,596,999,000 | 0.31% |
| Otis Worldwide Corporation |
1.28%
15,852
|
$1,525,913,000 | 0.30% |
| Pnc Fincl Services Group |
No change
9,422
|
$1,464,932,000 | 0.28% |
| Ishares Core S&p Mid-capetf |
3.52%
21,245
|
$1,243,257,000 | 0.24% |
| Sysco Corp Com |
2.45%
17,207
|
$1,228,407,000 | 0.24% |
| Meta Platforms Inc |
2.80%
2,390
|
$1,205,085,000 | 0.23% |
| Schlumberger Ltd. |
No change
22,740
|
$1,072,873,000 | 0.21% |
| American Express Co Com |
No change
4,560
|
$1,055,868,000 | 0.21% |
| Ishares Core S&p Small Cap Et |
4.14%
9,208
|
$982,125,000 | 0.19% |
| Visa Inc |
0.08%
3,713
|
$974,551,000 | 0.19% |
| Ishares Tr Core Msci Eafe Etf |
1.37%
13,233
|
$961,245,000 | 0.19% |
| Deere Co |
No change
2,557
|
$955,371,000 | 0.19% |
| Vanguard Ftse Emerging Market |
7.50%
20,914
|
$915,196,000 | 0.18% |
| Pinterest Inc |
1.13%
20,505
|
$903,655,000 | 0.18% |
| Price T Rowe Group Inc Com |
0.33%
7,642
|
$881,199,000 | 0.17% |
| Boston Scientific Corp. |
0.68%
11,342
|
$873,447,000 | 0.17% |
| Nvidia Corp Com |
1,328.72%
6,715
|
$829,571,000 | 0.16% |
| Union Pac Corp Com |
No change
3,313
|
$749,599,000 | 0.15% |
| NextEra Energy Inc |
1.08%
10,060
|
$712,348,000 | 0.14% |
| Arm Holdings Plc |
Opened
4,235
|
$692,930,000 | 0.13% |
| Lowes Cos Inc Com |
1.64%
3,005
|
$662,482,000 | 0.13% |
| Constellation Brand Class A |
2.93%
2,530
|
$650,918,000 | 0.13% |
| Vanguard Ftse Developed Market |
5.28%
11,956
|
$590,865,000 | 0.11% |
| Ishares Tr North Amern Tech Et |
No change
5,700
|
$537,567,000 | 0.10% |
| Altria Group Inc. |
1.69%
11,650
|
$530,657,000 | 0.10% |
| Ishares Inc Core Msci Emergi |
5.80%
9,739
|
$521,328,000 | 0.10% |
| Netflix Com Inc |
6.98%
766
|
$516,958,000 | 0.10% |
| Boeing Co. |
21.93%
2,773
|
$504,713,000 | 0.10% |
| Home Depot, Inc. |
0.70%
1,441
|
$496,062,000 | 0.10% |
| Fedex Corp |
3.78%
1,630
|
$488,739,000 | 0.10% |
| Walmart Inc |
0.72%
6,871
|
$465,235,000 | 0.09% |
| Intuitive Surgical Inc |
0.98%
1,008
|
$448,408,000 | 0.09% |
| Amern Tower Corp Reit |
Closed
2,135
|
$421,854,000 | |
| Eaton Corp Plc |
No change
1,343
|
$421,097,000 | 0.08% |
| Air Prods & Chems Inc Com |
No change
1,510
|
$389,655,000 | 0.08% |
| W.R. Berkley Corp. |
No change
4,950
|
$388,971,000 | 0.08% |
| Csx Corp Com |
No change
11,340
|
$379,323,000 | 0.07% |
| Service Corp Intl Com |
No change
5,000
|
$355,650,000 | 0.07% |
| Mcdonalds Corp Com |
1.61%
1,391
|
$354,531,000 | 0.07% |
| Intuit Inc |
0.93%
535
|
$351,607,000 | 0.07% |
| Stryker Corp. |
1.49%
990
|
$336,847,000 | 0.07% |
| Honeywell Intl Inc Com |
No change
1,552
|
$331,414,000 | 0.06% |
| Brown-Forman Corporation |
12.68%
7,575
|
$327,164,000 | 0.06% |
| Fidelity Covington Tr Msci Rea |
42.63%
12,878
|
$326,328,000 | 0.06% |
| General Electric |
1.27%
2,000
|
$317,940,000 | 0.06% |
| Select Sector Spdr Spdr Tr Te |
No change
1,319
|
$298,397,000 | 0.06% |
| Mastercard Inc Class A |
No change
674
|
$297,341,000 | 0.06% |
| Tesla Inc |
Opened
1,466
|
$290,092,000 | 0.06% |
| Prologis Inc |
0.46%
2,570
|
$288,636,000 | 0.06% |
| iShares MSCI EAFE Small-Cap ETF |
11.35%
4,437
|
$273,496,000 | 0.05% |
| Solventum Corp |
Opened
4,941
|
$261,280,000 | 0.05% |
| Shell Plc |
No change
3,545
|
$255,878,000 | 0.05% |
| Pfizer Inc. |
No change
9,053
|
$253,302,000 | 0.05% |
| Ishares Tr Dow Jones Us Medica |
Closed
4,050
|
$237,289,000 | |
| Salesforce Com Inc |
Closed
758
|
$228,294,000 | |
| Ameriprise Financial Inc |
No change
530
|
$226,410,000 | 0.04% |
| Goldman Sachs Group, Inc. |
Opened
475
|
$214,852,000 | 0.04% |
| V F Corporation |
No change
11,835
|
$159,772,000 | 0.03% |
| Ecosphere Tech Inc Com |
No change
10,500
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 123 holdings | |||
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