Salem Capital Management

Salem Capital Management as of Dec. 31, 2012

Portfolio Holdings for Salem Capital Management

Salem Capital Management holds 71 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
CVS Caremark Corporation (CVS) 4.1 $8.0M 166k 48.35
Unilever (UL) 4.0 $7.8M 201k 38.72
Weyerhaeuser Company (WY) 3.5 $6.8M 246k 27.82
Johnson & Johnson (JNJ) 3.4 $6.5M 93k 70.10
Barrick Gold Corp (GOLD) 3.3 $6.3M 180k 35.01
Honeywell International (HON) 3.3 $6.3M 99k 63.47
Procter & Gamble Company (PG) 3.2 $6.3M 92k 67.90
Novartis (NVS) 3.2 $6.2M 98k 63.30
General Electric Company 3.1 $5.9M 282k 20.99
Pfizer (PFE) 2.9 $5.5M 220k 25.08
International Paper Company (IP) 2.9 $5.5M 138k 39.84
Merck & Co (MRK) 2.8 $5.5M 134k 40.94
GlaxoSmithKline 2.8 $5.4M 124k 43.47
Marathon Oil Corporation (MRO) 2.7 $5.3M 173k 30.66
Anadarko Petroleum Corporation 2.6 $5.1M 68k 74.31
E.I. du Pont de Nemours & Company 2.5 $4.9M 110k 44.98
Devon Energy Corporation (DVN) 2.5 $4.8M 93k 52.03
Schlumberger (SLB) 2.4 $4.7M 68k 69.30
Paccar (PCAR) 2.4 $4.6M 101k 45.21
Abb (ABBNY) 2.2 $4.3M 208k 20.79
Abbott Laboratories (ABT) 2.2 $4.2M 64k 65.50
Newmont Mining Corporation (NEM) 2.1 $4.2M 89k 46.44
Cisco Systems (CSCO) 2.0 $3.9M 198k 19.65
Microsoft Corporation (MSFT) 2.0 $3.9M 145k 26.71
Intel Corporation (INTC) 1.9 $3.7M 180k 20.62
ConocoPhillips (COP) 1.9 $3.7M 64k 58.00
Corning Incorporated (GLW) 1.8 $3.5M 281k 12.62
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 1.8 $3.5M 54k 65.17
Duke Energy (DUK) 1.8 $3.4M 54k 63.79
United Technologies Corporation 1.8 $3.4M 42k 82.02
Analog Devices (ADI) 1.7 $3.3M 79k 42.06
Diebold Incorporated 1.7 $3.3M 107k 30.61
Talisman Energy Inc Com Stk 1.7 $3.2M 284k 11.33
Dow Chemical Company 1.6 $3.2M 98k 32.33
Eli Lilly & Co. (LLY) 1.4 $2.8M 56k 49.32
Halliburton Company (HAL) 1.4 $2.8M 80k 34.69
Koninklijke Philips Electronics NV (PHG) 1.2 $2.3M 85k 26.54
Costco Wholesale Corporation (COST) 0.7 $1.4M 14k 98.70
3M Company (MMM) 0.7 $1.3M 14k 92.82
EMC Corporation 0.7 $1.3M 52k 25.30
International Business Machines (IBM) 0.6 $1.2M 6.3k 191.57
Exxon Mobil Corporation (XOM) 0.5 $980k 11k 86.57
EOG Resources (EOG) 0.5 $978k 8.1k 120.74
Colgate-Palmolive Company (CL) 0.5 $892k 8.5k 104.60
Kimberly-Clark Corporation (KMB) 0.4 $800k 9.5k 84.43
At&t (T) 0.4 $751k 22k 33.73
Chevron Corporation (CVX) 0.4 $737k 6.8k 108.14
National Fuel Gas (NFG) 0.4 $712k 14k 50.68
Home Depot (HD) 0.3 $631k 10k 61.86
Louisiana Cent master (LCNTU) 0.3 $619k 225.00 2751.11
Paychex (PAYX) 0.3 $608k 20k 31.10
General Mills (GIS) 0.3 $513k 13k 40.39
Plum Creek Timber 0.3 $495k 11k 44.39
QEP Resources 0.2 $493k 16k 30.25
Southern Company (SO) 0.2 $456k 11k 42.82
Lufkin Industries 0.2 $445k 7.7k 58.17
Union Pacific Corporation (UNP) 0.2 $419k 3.3k 125.75
AvalonBay Communities (AVB) 0.2 $410k 3.0k 135.45
Questar Corporation 0.2 $381k 19k 19.74
JPMorgan Chase & Co. (JPM) 0.2 $359k 8.2k 44.01
Stryker Corporation (SYK) 0.2 $362k 6.6k 54.85
Exxon Mobil Corporation (XOM) 0.2 $303k 3.5k 86.57
Dupont Pfd $3.50 Ser A p (CTA.PA) 0.2 $304k 3.5k 86.86
FedEx Corporation (FDX) 0.1 $271k 3.0k 91.86
Caterpillar (CAT) 0.1 $242k 2.7k 89.63
Automatic Data Processing (ADP) 0.1 $245k 4.3k 56.98
Cintas Corporation (CTAS) 0.1 $242k 5.9k 40.84
Royal Dutch Shell 0.1 $228k 3.3k 68.82
Coca-Cola Company (KO) 0.1 $218k 6.0k 36.21
SYSCO Corporation (SYY) 0.1 $201k 6.3k 31.74
Isc8 Inc cs 0.0 $7.9k 79k 0.10