Salem Capital Management

Salem Capital Management as of June 30, 2012

Portfolio Holdings for Salem Capital Management

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

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
CVS Caremark Corporation (CVS) 4.0 $7.9M 169k 46.73
Unilever (UL) 3.5 $7.0M 206k 33.73
Johnson & Johnson (JNJ) 3.5 $6.9M 102k 67.56
Barrick Gold Corp (GOLD) 3.4 $6.6M 177k 37.57
General Electric Company 3.1 $6.1M 295k 20.84
Procter & Gamble Company (PG) 3.0 $5.9M 97k 61.25
Merck & Co (MRK) 3.0 $5.9M 141k 41.75
Weyerhaeuser Company (WY) 2.9 $5.7M 255k 22.36
Honeywell International (HON) 2.9 $5.7M 101k 55.84
Devon Energy Corporation (DVN) 2.9 $5.6M 97k 57.99
Novartis (NVS) 2.8 $5.5M 99k 55.90
GlaxoSmithKline 2.7 $5.3M 117k 45.57
Pfizer (PFE) 2.6 $5.2M 225k 23.00
E.I. du Pont de Nemours & Company 2.6 $5.1M 101k 50.57
Intel Corporation (INTC) 2.5 $4.9M 183k 26.65
Abbott Laboratories (ABT) 2.4 $4.6M 72k 64.48
Anadarko Petroleum Corporation 2.3 $4.6M 69k 66.20
Microsoft Corporation (MSFT) 2.3 $4.5M 148k 30.59
Marathon Oil Corporation (MRO) 2.3 $4.5M 175k 25.57
Schlumberger (SLB) 2.3 $4.4M 69k 64.92
Duke Energy (DUK) 2.2 $4.4M 189k 23.31
Newmont Mining Corporation (NEM) 2.2 $4.3M 89k 48.51
Paccar (PCAR) 2.0 $4.0M 101k 39.19
Diebold Incorporated 2.0 $3.9M 107k 36.91
International Paper Company (IP) 2.0 $3.9M 136k 28.91
Corning Incorporated (GLW) 1.9 $3.8M 296k 12.93
ConocoPhillips (COP) 1.8 $3.5M 62k 55.89
Kimberly-Clark Corporation (KMB) 1.7 $3.4M 41k 83.78
Walgreen Company 1.7 $3.4M 116k 29.58
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 1.7 $3.4M 56k 59.75
Talisman Energy Inc Com Stk 1.7 $3.3M 290k 11.46
Analog Devices (ADI) 1.5 $3.0M 79k 37.68
Dow Chemical Company 1.5 $2.9M 93k 31.50
Abb (ABBNY) 1.4 $2.7M 163k 16.32
United Technologies Corporation 1.3 $2.5M 34k 75.52
Eli Lilly & Co. (LLY) 1.2 $2.4M 57k 42.90
Koninklijke Philips Electronics NV (PHG) 1.2 $2.4M 121k 19.67
Halliburton Company (HAL) 1.1 $2.1M 74k 28.39
Hewlett-Packard Company 0.9 $1.7M 84k 20.11
Cisco Systems (CSCO) 0.8 $1.6M 94k 17.17
Costco Wholesale Corporation (COST) 0.7 $1.4M 15k 95.01
3M Company (MMM) 0.7 $1.4M 16k 89.63
EMC Corporation 0.7 $1.3M 52k 25.63
International Business Machines (IBM) 0.6 $1.2M 6.3k 195.55
International Business Machines (IBM) 0.6 $1.2M 6.3k 195.61
Paychex (PAYX) 0.6 $1.2M 39k 31.41
Exxon Mobil Corporation (XOM) 0.5 $1.1M 12k 85.59
Colgate-Palmolive Company (CL) 0.5 $929k 8.9k 104.05
EOG Resources (EOG) 0.5 $928k 10k 90.10
At&t (T) 0.4 $825k 23k 35.65
Home Depot (HD) 0.4 $731k 14k 52.97
Chevron Corporation (CVX) 0.4 $719k 6.8k 105.50
National Fuel Gas (NFG) 0.3 $669k 14k 46.95
AvalonBay Communities (AVB) 0.3 $652k 4.6k 141.40
General Mills (GIS) 0.3 $625k 16k 38.55
Louisiana Cent master (LCNTU) 0.3 $619k 225.00 2751.11
Southern Company (SO) 0.3 $611k 13k 46.29
QEP Resources 0.3 $521k 17k 29.94
Plum Creek Timber 0.2 $449k 11k 39.73
Questar Corporation 0.2 $403k 19k 20.88
Union Pacific Corporation (UNP) 0.2 $398k 3.3k 119.45
Stryker Corporation (SYK) 0.2 $383k 7.0k 55.11
Dupont Pfd $3.50 Ser A p (CTA.PA) 0.2 $311k 3.5k 88.86
JPMorgan Chase & Co. (JPM) 0.1 $291k 8.2k 35.67
Exxon Mobil Corporation (XOM) 0.1 $299k 3.5k 85.43
FedEx Corporation (FDX) 0.1 $289k 3.2k 91.75
Coca-Cola Company (KO) 0.1 $251k 3.2k 78.19
Caterpillar (CAT) 0.1 $229k 2.7k 84.81
SYSCO Corporation (SYY) 0.1 $228k 7.6k 29.87
Automatic Data Processing (ADP) 0.1 $239k 4.3k 55.58
Cintas Corporation (CTAS) 0.1 $240k 6.2k 38.55
Royal Dutch Shell 0.1 $214k 3.2k 67.30
Express Scripts Holding 0.1 $207k 3.7k 55.92
Berkshire Hathaway Inc. Class B 0.1 $202k 2.4k 83.26
General Electric Pfd equs 0.1 $206k 8.0k 25.75
Harris Pref 7.375% prd 0.1 $202k 7.8k 25.90
Isc8 Inc cs 0.0 $8.7k 79k 0.11