Salem Capital Management as of Dec. 31, 2018
Portfolio Holdings for Salem Capital Management
Salem Capital Management holds 65 positions in its portfolio as reported in the December 2018 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Microsoft Corporation (MSFT) | 6.5 | $10M | 101k | 101.57 | |
| Merck & Co (MRK) | 5.3 | $8.4M | 110k | 76.41 | |
| Cisco Systems (CSCO) | 5.0 | $7.9M | 182k | 43.33 | |
| Intel Corporation (INTC) | 4.9 | $7.8M | 167k | 46.93 | |
| Dowdupont | 4.9 | $7.7M | 144k | 53.48 | |
| Johnson & Johnson (JNJ) | 4.7 | $7.5M | 58k | 129.05 | |
| Pfizer (PFE) | 4.7 | $7.4M | 169k | 43.65 | |
| Bank of America Corporation (BAC) | 4.5 | $7.1M | 290k | 24.64 | |
| Honeywell International (HON) | 4.5 | $7.1M | 54k | 132.13 | |
| Corning Incorporated (GLW) | 4.0 | $6.3M | 209k | 30.21 | |
| International Paper Company (IP) | 3.4 | $5.5M | 135k | 40.36 | |
| Weyerhaeuser Company (WY) | 3.3 | $5.2M | 239k | 21.86 | |
| Verizon Communications (VZ) | 3.0 | $4.7M | 84k | 56.22 | |
| Procter & Gamble Company (PG) | 2.9 | $4.6M | 50k | 91.93 | |
| Lowe's Companies (LOW) | 2.9 | $4.6M | 50k | 92.36 | |
| Occidental Petroleum Corporation (OXY) | 2.5 | $4.0M | 65k | 61.38 | |
| At&t (T) | 2.3 | $3.6M | 126k | 28.54 | |
| Westrock (WRK) | 2.0 | $3.2M | 85k | 37.76 | |
| Koninklijke Philips Electronics NV (PHG) | 1.6 | $2.6M | 73k | 35.12 | |
| Wells Fargo & Company (WFC) | 1.6 | $2.5M | 55k | 46.08 | |
| Devon Energy Corporation (DVN) | 1.6 | $2.5M | 109k | 22.54 | |
| Paypal Holdings (PYPL) | 1.5 | $2.4M | 29k | 84.09 | |
| JPMorgan Chase & Co. (JPM) | 1.5 | $2.4M | 25k | 97.63 | |
| Halliburton Company (HAL) | 1.4 | $2.2M | 81k | 26.58 | |
| NCR Corporation (VYX) | 1.4 | $2.1M | 93k | 23.08 | |
| Goodyear Tire & Rubber Company (GT) | 1.2 | $2.0M | 97k | 20.41 | |
| Costco Wholesale Corporation (COST) | 1.2 | $2.0M | 9.7k | 203.71 | |
| Abbott Laboratories (ABT) | 1.1 | $1.7M | 23k | 72.34 | |
| Marathon Oil Corporation (MRO) | 1.0 | $1.6M | 108k | 14.34 | |
| Anadarko Petroleum Corporation | 0.8 | $1.3M | 30k | 43.83 | |
| 3M Company (MMM) | 0.8 | $1.3M | 6.8k | 190.55 | |
| Japan Smaller Capitalizaion Fund (JOF) | 0.8 | $1.3M | 152k | 8.32 | |
| Paychex (PAYX) | 0.8 | $1.2M | 19k | 65.17 | |
| Schlumberger (SLB) | 0.7 | $1.1M | 30k | 36.08 | |
| Home Depot (HD) | 0.6 | $911k | 5.3k | 171.89 | |
| Chevron Corporation (CVX) | 0.6 | $908k | 8.4k | 108.74 | |
| CVS Caremark Corporation (CVS) | 0.6 | $894k | 14k | 65.52 | |
| Novartis (NVS) | 0.5 | $850k | 9.9k | 85.83 | |
| United Technologies Corporation | 0.5 | $807k | 7.6k | 106.53 | |
| Kimberly-Clark Corporation (KMB) | 0.5 | $762k | 6.7k | 114.00 | |
| Colgate-Palmolive Company (CL) | 0.5 | $759k | 13k | 59.53 | |
| Exxon Mobil Corporation (XOM) | 0.4 | $695k | 10k | 68.19 | |
| Paccar (PCAR) | 0.4 | $663k | 12k | 57.16 | |
| EOG Resources (EOG) | 0.4 | $624k | 7.2k | 87.27 | |
| Eli Lilly & Co. (LLY) | 0.4 | $597k | 5.2k | 115.68 | |
| Nestle SA Reg Shs. Ser. B Spons (NSRGY) | 0.4 | $593k | 7.3k | 80.96 | |
| Stryker Corporation (SYK) | 0.4 | $572k | 3.7k | 156.71 | |
| FedEx Corporation (FDX) | 0.3 | $540k | 3.4k | 161.19 | |
| National Fuel Gas (NFG) | 0.3 | $542k | 11k | 51.18 | |
| Analog Devices (ADI) | 0.3 | $526k | 6.1k | 85.88 | |
| Abbvie (ABBV) | 0.3 | $528k | 5.7k | 92.23 | |
| PNC Financial Services (PNC) | 0.3 | $490k | 4.2k | 116.81 | |
| AvalonBay Communities (AVB) | 0.3 | $464k | 2.7k | 174.17 | |
| Automatic Data Processing (ADP) | 0.2 | $354k | 2.7k | 131.11 | |
| Unilever (UL) | 0.2 | $331k | 6.3k | 52.23 | |
| Union Pacific Corporation (UNP) | 0.2 | $304k | 2.2k | 138.18 | |
| Apple (AAPL) | 0.2 | $304k | 1.9k | 157.92 | |
| International Business Machines (IBM) | 0.2 | $290k | 2.5k | 113.86 | |
| Duke Energy (DUK) | 0.2 | $275k | 3.2k | 86.32 | |
| ConocoPhillips (COP) | 0.2 | $249k | 4.0k | 62.25 | |
| Nextera Energy (NEE) | 0.1 | $217k | 1.2k | 174.02 | |
| Cintas Corporation (CTAS) | 0.1 | $218k | 1.3k | 167.69 | |
| Louisiana Cent master (LCNTU) | 0.1 | $215k | 225.00 | 955.56 | |
| Amgen (AMGN) | 0.1 | $214k | 1.1k | 194.55 | |
| Southern Company (SO) | 0.1 | $209k | 4.8k | 44.00 |
