Salem Capital Management as of March 31, 2011
Portfolio Holdings for Salem Capital Management
Salem Capital Management holds 75 positions in its portfolio as reported in the March 2011 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Barrick Gold Corp (GOLD) | 4.6 | $11M | 204k | 51.91 | |
| Devon Energy Corporation (DVN) | 4.0 | $9.1M | 100k | 91.77 | |
| Marathon Oil Corporation (MRO) | 3.6 | $8.2M | 154k | 53.31 | |
| Anadarko Petroleum Corporation | 3.1 | $7.1M | 87k | 81.93 | |
| Unilever (UL) | 3.1 | $7.0M | 230k | 30.62 | |
| Honeywell International (HON) | 3.1 | $7.0M | 117k | 59.71 | |
| Schlumberger (SLB) | 3.0 | $7.0M | 75k | 93.26 | |
| CVS Caremark Corporation (CVS) | 3.0 | $6.9M | 201k | 34.32 | |
| Procter & Gamble Company (PG) | 2.9 | $6.5M | 106k | 61.60 | |
| Johnson & Johnson (JNJ) | 2.8 | $6.4M | 109k | 59.25 | |
| Weyerhaeuser Company (WY) | 2.8 | $6.3M | 257k | 24.60 | |
| General Electric Company | 2.7 | $6.2M | 310k | 20.05 | |
| E.I. du Pont de Nemours & Company | 2.7 | $6.2M | 113k | 54.97 | |
| Koninklijke Philips Electronics NV (PHG) | 2.5 | $5.7M | 177k | 32.17 | |
| Corning Incorporated (GLW) | 2.5 | $5.6M | 273k | 20.63 | |
| Newmont Mining Corporation (NEM) | 2.5 | $5.6M | 102k | 54.58 | |
| Novartis (NVS) | 2.4 | $5.5M | 101k | 54.35 | |
| ConocoPhillips (COP) | 2.4 | $5.5M | 68k | 79.85 | |
| Pfizer (PFE) | 2.1 | $4.8M | 237k | 20.31 | |
| Hewlett-Packard Company | 2.1 | $4.7M | 116k | 40.97 | |
| Analog Devices (ADI) | 2.1 | $4.7M | 120k | 39.38 | |
| Kimberly-Clark Corporation (KMB) | 2.1 | $4.7M | 72k | 65.27 | |
| Merck & Co (MRK) | 2.0 | $4.7M | 141k | 33.01 | |
| GlaxoSmithKline | 2.0 | $4.7M | 121k | 38.41 | |
| Microsoft Corporation (MSFT) | 1.9 | $4.4M | 172k | 25.39 | |
| Walgreen Company | 1.9 | $4.4M | 109k | 40.14 | |
| Encana Corp | 1.9 | $4.3M | 125k | 34.53 | |
| Southern Company (SO) | 1.9 | $4.2M | 111k | 38.11 | |
| Nestle SA Reg Shs. Ser. B Spons (NSRGY) | 1.8 | $4.2M | 72k | 57.48 | |
| Intel Corporation (INTC) | 1.6 | $3.8M | 186k | 20.18 | |
| Dow Chemical Company | 1.6 | $3.6M | 95k | 37.75 | |
| MDU Resources (MDU) | 1.5 | $3.4M | 149k | 22.97 | |
| United Technologies Corporation | 1.5 | $3.4M | 40k | 84.66 | |
| Duke Energy Corporation | 1.5 | $3.4M | 187k | 18.15 | |
| Best Buy (BBY) | 1.4 | $3.2M | 112k | 28.72 | |
| International Paper Company (IP) | 1.2 | $2.8M | 92k | 30.19 | |
| Eli Lilly & Co. (LLY) | 1.1 | $2.6M | 73k | 35.17 | |
| EMC Corporation | 1.0 | $2.3M | 86k | 26.57 | |
| Berkshire Hathaway Inc. Class B | 1.0 | $2.2M | 27k | 83.64 | |
| 3M Company (MMM) | 0.9 | $2.1M | 22k | 93.48 | |
| Halliburton Company (HAL) | 0.7 | $1.6M | 32k | 49.84 | |
| Cisco Systems (CSCO) | 0.6 | $1.3M | 78k | 17.15 | |
| Paychex (PAYX) | 0.6 | $1.2M | 40k | 31.39 | |
| EOG Resources (EOG) | 0.6 | $1.3M | 11k | 118.49 | |
| Exxon Mobil Corporation (XOM) | 0.5 | $1.2M | 14k | 84.15 | |
| International Business Machines (IBM) | 0.5 | $1.2M | 7.3k | 163.09 | |
| Costco Wholesale Corporation (COST) | 0.5 | $1.1M | 15k | 73.33 | |
| National Fuel Gas (NFG) | 0.5 | $1.1M | 15k | 73.99 | |
| Abbott Laboratories (ABT) | 0.5 | $1.0M | 21k | 49.04 | |
| International Business Machines (IBM) | 0.5 | $1.0M | 6.3k | 163.04 | |
| QEP Resources | 0.3 | $803k | 20k | 40.56 | |
| Chevron Corporation (CVX) | 0.3 | $754k | 7.0k | 107.48 | |
| Colgate-Palmolive Company (CL) | 0.3 | $753k | 9.3k | 80.72 | |
| Louisiana Cent master (LCNTU) | 0.3 | $630k | 225.00 | 2800.00 | |
| At&t (T) | 0.3 | $608k | 20k | 30.62 | |
| Stryker Corporation (SYK) | 0.3 | $608k | 10k | 60.80 | |
| General Mills (GIS) | 0.3 | $593k | 16k | 36.58 | |
| AvalonBay Communities (AVB) | 0.3 | $585k | 4.9k | 120.15 | |
| Paccar (PCAR) | 0.3 | $603k | 12k | 52.38 | |
| Plum Creek Timber | 0.2 | $526k | 12k | 43.65 | |
| Home Depot (HD) | 0.2 | $511k | 14k | 37.03 | |
| JPMorgan Chase & Co. (JPM) | 0.2 | $360k | 7.8k | 46.11 | |
| Questar Corporation | 0.1 | $346k | 20k | 17.47 | |
| Caterpillar (CAT) | 0.1 | $312k | 2.8k | 111.43 | |
| Union Pacific Corporation (UNP) | 0.1 | $328k | 3.3k | 98.44 | |
| Exxon Mobil Corporation (XOM) | 0.1 | $294k | 3.5k | 84.00 | |
| FedEx Corporation (FDX) | 0.1 | $295k | 3.2k | 93.65 | |
| Medco Health Solutions | 0.1 | $257k | 4.6k | 56.16 | |
| SYSCO Corporation (SYY) | 0.1 | $234k | 8.4k | 27.75 | |
| Automatic Data Processing (ADP) | 0.1 | $236k | 4.6k | 51.30 | |
| Medtronic | 0.1 | $220k | 5.6k | 39.29 | |
| Coca-Cola Company (KO) | 0.1 | $213k | 3.2k | 66.36 | |
| Cintas Corporation (CTAS) | 0.1 | $214k | 7.1k | 30.25 | |
| Comcast Corp | 0.1 | $205k | 8.0k | 25.62 | |
| General Electric Pfd equs | 0.1 | $209k | 8.0k | 26.12 |
