INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Tufton Capital Management's Holding History (CIK: 0001055963)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 26,433 Value ($000) $8 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 27,123 Value ($000) $8 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 25,562 Value ($000) $8 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 28,192 Value ($000) $7,010 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 27,741 Value ($000) $6,098 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 27,990 Value ($000) $6,188 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 28,715 Value ($000) $4,966 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 28,715 Value ($000) $5,483 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 28,907 Value ($000) $4,728 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 29,449 Value ($000) $4,132 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 29,659 Value ($000) $3,969 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 35,859 Value ($000) $4,701 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 38,069 Value ($000) $5,364 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 36,494 Value ($000) $4,335 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 36,697 Value ($000) $5,181 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 36,722 Value ($000) $4,774 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 36,847 Value ($000) $4,925 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 37,301 Value ($000) $5,182 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 37,702 Value ($000) $5,526 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 38,368 Value ($000) $5,113 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 38,603 Value ($000) $4,859 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 36,850 Value ($000) $4,483 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 38,320 Value ($000) $4,627 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 38,690 Value ($000) $4,291 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 47,783 Value ($000) $6,404 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 48,573 Value ($000) $7,063 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 51,430 Value ($000) $7,092 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 51,833 Value ($000) $7,313 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 48,938 Value ($000) $5,562 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 55,006 Value ($000) $8,317 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 59,362 Value ($000) $8,292 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 61,893 Value ($000) $9,496 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 60,266 Value ($000) $9,246 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 45,394 Value ($000) $6,586 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 44,677 Value ($000) $6,873 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 45,047 Value ($000) $7,844 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 44,737 Value ($000) $7,426 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 44,807 Value ($000) $7,118 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 45,072 Value ($000) $6,841 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 46,143 Value ($000) $6,988 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 45,723 Value ($000) $6,292 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 44,921 Value ($000) $6,512 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 48,773 Value ($000) $7,933 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 50,230 Value ($000) $8,062 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 49,851 Value ($000) $7,998 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 49,212 Value ($000) $9,342 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 50,086 Value ($000) $9,079 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 53,109 Value ($000) $10,223 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 53,800 Value ($000) $10,091 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 53,910 Value ($000) $9,983 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 56,208 Value ($000) $10,742 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,433	$8	$298.78	$262.11 - $324.90
Q3 2025	27,123	$8	$259.55	$232.08 - $292.01
Q2 2025	25,562	$8	$253.82	$210.49 - $292.56
Q1 2025	28,192	$7,010	$239.40	$209.20 - $261.47
Q4 2024	27,741	$6,098	$216.31	$196.83 - $233.32
Q3 2024	27,990	$6,188	$188.97	$166.24 - $216.80
Q2 2024	28,715	$4,966	$165.85	$154.39 - $183.50
Q1 2024	28,715	$5,483	$172.56	$148.54 - $189.10
Q4 2023	28,907	$4,728	$141.50	$126.39 - $156.49
Q3 2023	29,449	$4,132	$131.75	$120.98 - $141.33
Q2 2023	29,659	$3,969	$118.05	$110.47 - $128.27
Q1 2023	35,859	$4,701	$120.73	$110.43 - $131.92
Q4 2022	38,069	$5,364	$123.05	$102.35 - $137.32
Q3 2022	36,494	$4,335	$115.64	$105.06 - $124.09
Q2 2022	36,697	$5,181	$117.50	$107.95 - $126.60
Q1 2022	36,722	$4,774	$112.10	$102.68 - $121.43
Q4 2021	36,847	$4,925	$106.49	$97.83 - $117.62
Q3 2021	37,301	$5,182	$112.12	$106.97 - $117.48
Q2 2021	37,702	$5,526	$113.44	$102.70 - $121.73
Q1 2021	38,368	$5,113	$98.07	$91.22 - $107.97
Q4 2020	38,603	$4,859	$93.41	$81.15 - $103.82
Q3 2020	36,850	$4,483	$93.86	$87.12 - $99.96
Q2 2020	38,320	$4,627	$91.40	$78.00 - $102.76
Q1 2020	38,690	$4,291	$98.28	$67.58 - $117.24
Q4 2019	47,783	$6,404	$99.90	$95.55 - $107.55
Q3 2019	48,573	$7,063	$102.47	$94.04 - $110.34
Q2 2019	51,430	$7,092	$98.62	$91.51 - $103.66
Q1 2019	51,833	$7,313	$94.64	$78.71 - $101.33
Q4 2018	48,938	$5,562	$87.95	$74.66 - $107.42
Q3 2018	55,006	$8,317	$101.25	$95.14 - $106.71
Q2 2018	59,362	$8,292	$99.95	$94.63 - $110.30
Q1 2018	61,893	$9,496	$107.30	$98.32 - $115.38
Q4 2017	60,266	$9,246	$102.11	$96.94 - $108.49
Q3 2017	45,394	$6,586	$96.87	$92.88 - $103.07
Q2 2017	44,677	$6,873	$103.77	$98.95 - $115.36
Q1 2017	45,047	$7,844	$114.39	$107.32 - $119.58
Q4 2016	44,737	$7,426	$103.05	$95.06 - $110.31
Q3 2016	44,807	$7,118	$101.76	$95.61 - $106.13
Q2 2016	45,072	$6,841	$95.13	$90.08 - $99.15
Q1 2016	46,143	$6,988	$84.07	$73.78 - $96.70
Q4 2015	45,723	$6,292	$87.52	$82.31 - $94.87
Q3 2015	44,921	$6,512	$95.35	$87.10 - $106.76
Q2 2015	48,773	$7,933	$102.99	$96.57 - $107.49
Q1 2015	50,230	$8,062	$96.47	$90.53 - $100.82
Q4 2014	49,851	$7,998	$100.47	$91.12 - $114.79
Q3 2014	49,212	$9,342	$114.33	$108.62 - $117.41
Q2 2014	50,086	$9,079	$112.28	$107.17 - $118.40
Q1 2014	53,109	$10,223	$109.22	$101.79 - $116.27
Q4 2013	53,800	$10,091	$106.40	$101.46 - $111.01
Q3 2013	53,910	$9,983	$111.55	$106.48 - $117.56
Q2 2013	56,208	$10,742	$118.94	$109.29 - $125.13