Salem Capital Management

Salem Capital Management as of Sept. 30, 2012

Portfolio Holdings for Salem Capital Management

Salem Capital Management holds 77 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
CVS Caremark Corporation (CVS) 4.0 $8.2M 169k 48.42
Barrick Gold Corp (GOLD) 3.7 $7.6M 181k 41.76
Unilever (UL) 3.6 $7.5M 204k 36.52
Johnson & Johnson (JNJ) 3.4 $7.1M 102k 68.91
Procter & Gamble Company (PG) 3.3 $6.8M 97k 69.36
General Electric Company 3.3 $6.7M 297k 22.71
Weyerhaeuser Company (WY) 3.2 $6.6M 252k 26.14
Merck & Co (MRK) 3.0 $6.2M 138k 45.10
Novartis (NVS) 3.0 $6.1M 100k 61.26
Honeywell International (HON) 2.9 $6.1M 102k 59.75
Devon Energy Corporation (DVN) 2.9 $6.0M 99k 60.50
Pfizer (PFE) 2.7 $5.6M 225k 24.85
GlaxoSmithKline 2.7 $5.6M 120k 46.24
Newmont Mining Corporation (NEM) 2.5 $5.3M 94k 56.01
Marathon Oil Corporation (MRO) 2.5 $5.2M 177k 29.57
E.I. du Pont de Nemours & Company 2.5 $5.1M 102k 50.27
International Paper Company (IP) 2.5 $5.1M 139k 36.32
Schlumberger (SLB) 2.4 $5.0M 69k 72.32
Abbott Laboratories (ABT) 2.4 $4.9M 72k 68.57
Anadarko Petroleum Corporation 2.3 $4.8M 69k 69.92
Microsoft Corporation (MSFT) 2.2 $4.5M 152k 29.76
Corning Incorporated (GLW) 2.1 $4.3M 327k 13.15
Intel Corporation (INTC) 2.1 $4.3M 189k 22.66
Paccar (PCAR) 2.1 $4.3M 107k 40.02
Talisman Energy Inc Com Stk 1.9 $4.0M 300k 13.32
Abb (ABBNY) 1.9 $4.0M 212k 18.70
Cisco Systems (CSCO) 1.9 $3.8M 201k 19.09
Diebold Incorporated 1.8 $3.8M 113k 33.71
Duke Energy (DUK) 1.8 $3.7M 57k 64.78
ConocoPhillips (COP) 1.8 $3.7M 64k 57.18
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 1.7 $3.6M 56k 63.20
United Technologies Corporation 1.6 $3.3M 42k 78.28
Analog Devices (ADI) 1.5 $3.1M 79k 39.18
Dow Chemical Company 1.4 $2.9M 101k 28.95
Halliburton Company (HAL) 1.4 $2.9M 85k 33.68
Eli Lilly & Co. (LLY) 1.3 $2.7M 56k 47.40
Koninklijke Philips Electronics NV (PHG) 1.0 $2.1M 89k 23.45
Costco Wholesale Corporation (COST) 0.7 $1.5M 15k 100.16
3M Company (MMM) 0.7 $1.5M 16k 92.44
EMC Corporation 0.7 $1.5M 55k 27.27
International Business Machines (IBM) 0.6 $1.3M 6.3k 207.37
International Business Machines (IBM) 0.6 $1.3M 6.3k 207.47
Paychex (PAYX) 0.6 $1.3M 39k 33.30
EOG Resources (EOG) 0.6 $1.2M 10k 112.04
Exxon Mobil Corporation (XOM) 0.6 $1.1M 12k 91.42
Colgate-Palmolive Company (CL) 0.5 $957k 8.9k 107.19
Kimberly-Clark Corporation (KMB) 0.4 $907k 11k 85.77
At&t (T) 0.4 $846k 22k 37.70
Home Depot (HD) 0.4 $833k 14k 60.36
Chevron Corporation (CVX) 0.4 $794k 6.8k 116.51
National Fuel Gas (NFG) 0.4 $759k 14k 54.02
General Mills (GIS) 0.3 $646k 16k 39.85
Louisiana Cent master (LCNTU) 0.3 $632k 225.00 2808.89
AvalonBay Communities (AVB) 0.3 $595k 4.4k 136.03
Southern Company (SO) 0.3 $583k 13k 46.09
QEP Resources 0.3 $532k 17k 31.67
Plum Creek Timber 0.2 $482k 11k 43.82
Lufkin Industries 0.2 $406k 7.6k 53.77
Union Pacific Corporation (UNP) 0.2 $396k 3.3k 118.85
Stryker Corporation (SYK) 0.2 $387k 7.0k 55.68
Questar Corporation 0.2 $392k 19k 20.31
JPMorgan Chase & Co. (JPM) 0.2 $330k 8.2k 40.45
Exxon Mobil Corporation (XOM) 0.1 $320k 3.5k 91.43
Dupont Pfd $3.50 Ser A p (CTA.PA) 0.1 $320k 3.5k 91.43
FedEx Corporation (FDX) 0.1 $267k 3.2k 84.76
SYSCO Corporation (SYY) 0.1 $239k 7.6k 31.31
Automatic Data Processing (ADP) 0.1 $252k 4.3k 58.60
Cintas Corporation (CTAS) 0.1 $258k 6.2k 41.45
Caterpillar (CAT) 0.1 $232k 2.7k 85.93
Coca-Cola Company (KO) 0.1 $228k 6.0k 37.87
Royal Dutch Shell 0.1 $221k 3.2k 69.50
Walgreen Company 0.1 $220k 6.1k 36.36
Express Scripts Holding 0.1 $232k 3.7k 62.67
Berkshire Hathaway Inc. Class B 0.1 $214k 2.4k 88.21
General Electric Pfd equs 0.1 $204k 8.0k 25.50
Hewlett-Packard Company 0.1 $171k 10k 17.01
Isc8 Inc cs 0.0 $8.7k 79k 0.11