Salem Capital Management as of Sept. 30, 2022
Portfolio Holdings for Salem Capital Management
Salem Capital Management holds 55 positions in its portfolio as reported in the September 2022 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Microsoft Corporation (MSFT) | 7.0 | $8.9M | 38k | 232.89 | |
| Merck & Co (MRK) | 5.6 | $7.0M | 82k | 86.12 | |
| Pfizer (PFE) | 4.8 | $6.1M | 138k | 43.76 | |
| Bank of America Corporation (BAC) | 4.7 | $6.0M | 198k | 30.20 | |
| Honeywell International (HON) | 4.4 | $5.6M | 34k | 166.98 | |
| Weyerhaeuser Company (WY) | 4.2 | $5.3M | 186k | 28.56 | |
| Cisco Systems (CSCO) | 4.2 | $5.3M | 131k | 40.00 | |
| Pioneer Natural Resources | 3.8 | $4.8M | 22k | 216.51 | |
| Devon Energy Corporation (DVN) | 3.8 | $4.8M | 80k | 60.13 | |
| Corning Incorporated (GLW) | 3.5 | $4.5M | 155k | 29.02 | |
| Lowe's Companies (LOW) | 3.3 | $4.2M | 23k | 187.80 | |
| Chevron Corporation (CVX) | 3.2 | $4.0M | 28k | 143.68 | |
| Paccar (PCAR) | 2.8 | $3.6M | 43k | 83.70 | |
| Johnson & Johnson (JNJ) | 2.7 | $3.4M | 21k | 163.35 | |
| International Paper Company (IP) | 2.7 | $3.4M | 107k | 31.70 | |
| Freeport-McMoRan Copper & Gold (FCX) | 2.6 | $3.3M | 120k | 27.33 | |
| BorgWarner (BWA) | 2.6 | $3.2M | 103k | 31.40 | |
| Verizon Communications (VZ) | 2.4 | $3.0M | 79k | 37.97 | |
| JPMorgan Chase & Co. (JPM) | 2.3 | $2.9M | 28k | 104.50 | |
| Truist Financial Corp equities (TFC) | 2.3 | $2.9M | 66k | 43.54 | |
| Westrock (WRK) | 2.2 | $2.8M | 91k | 30.89 | |
| Schlumberger (SLB) | 2.1 | $2.6M | 73k | 35.89 | |
| Costco Wholesale Corporation (COST) | 1.9 | $2.4M | 5.1k | 472.31 | |
| Eaton | 1.9 | $2.4M | 18k | 133.39 | |
| Raytheon Technologies Corp (RTX) | 1.8 | $2.3M | 29k | 81.84 | |
| Nokia Corporation (NOK) | 1.8 | $2.3M | 532k | 4.27 | |
| Delphi Automotive Inc international (APTV) | 1.7 | $2.2M | 28k | 78.20 | |
| Abbott Laboratories (ABT) | 1.2 | $1.6M | 16k | 96.73 | |
| Paychex (PAYX) | 1.1 | $1.4M | 13k | 112.18 | |
| EOG Resources (EOG) | 1.0 | $1.3M | 12k | 111.70 | |
| Novartis (NVS) | 1.0 | $1.2M | 16k | 76.02 | |
| Home Depot (HD) | 0.8 | $1.1M | 3.8k | 275.82 | |
| Apple (AAPL) | 0.8 | $1.0M | 7.3k | 138.15 | |
| Eli Lilly & Co. (LLY) | 0.7 | $937k | 2.9k | 323.44 | |
| Broadcom (AVGO) | 0.6 | $790k | 1.8k | 443.82 | |
| Paypal Holdings (PYPL) | 0.6 | $742k | 8.6k | 86.03 | |
| Analog Devices (ADI) | 0.5 | $644k | 4.6k | 139.42 | |
| Procter & Gamble Company (PG) | 0.4 | $559k | 4.4k | 126.19 | |
| Automatic Data Processing (ADP) | 0.4 | $541k | 2.4k | 226.08 | |
| Colgate-Palmolive Company (CL) | 0.4 | $508k | 7.2k | 70.23 | |
| National Fuel Gas (NFG) | 0.4 | $479k | 7.8k | 61.58 | |
| CVS Caremark Corporation (CVS) | 0.4 | $458k | 4.8k | 95.32 | |
| PNC Financial Services (PNC) | 0.4 | $456k | 3.1k | 149.51 | |
| Nestle SA Reg Shs. Ser. B Spons (NSRGY) | 0.3 | $417k | 3.9k | 107.61 | |
| ConocoPhillips (COP) | 0.3 | $409k | 4.0k | 102.25 | |
| AvalonBay Communities (AVB) | 0.3 | $353k | 1.9k | 184.43 | |
| Kimberly-Clark Corporation (KMB) | 0.3 | $343k | 3.0k | 112.50 | |
| Nextera Energy (NEE) | 0.2 | $314k | 4.0k | 78.50 | |
| FedEx Corporation (FDX) | 0.2 | $267k | 1.8k | 148.33 | |
| Abbvie (ABBV) | 0.2 | $255k | 1.9k | 134.21 | |
| Stryker Corporation (SYK) | 0.2 | $246k | 1.2k | 202.14 | |
| Coca-Cola Company (KO) | 0.2 | $244k | 4.4k | 55.98 | |
| Bank of New York Mellon Corporation (BK) | 0.2 | $220k | 5.7k | 38.60 | |
| General Mills (GIS) | 0.2 | $215k | 2.8k | 76.79 | |
| Cintas Corporation (CTAS) | 0.2 | $214k | 550.00 | 389.09 |
