Institution Information
Reportee Signature Date Report period Total Entries Total AUM($)
SALEM CAPITAL MANAGEMENT INC 07-09-2019 06-30-2019 72 180,194,000
Institutional Holdings
Issuer Class Position Value Shares Portfolio Percentage (%) Previous Percentage (%) Shares Delta Shares Delta(%)
Cisco Systems COM 1 $9,578,000 175,000 5.32 5.15 -1,225 -0.70
Honeywell Int'l COM 2 $9,194,000 52,659 5.10 4.55 -300 -0.57
Microsoft COM 3 $8,881,000 66,299 4.93 6.08 -29,033 -30.45
Merck & Co. COM 4 $8,529,000 101,717 4.73 4.82 -5,450 -5.09
Bank of America Corp. COM 5 $8,124,000 280,141 4.51 4.36 -11,950 -4.09
6
Intel COM 7 $7,601,000 158,782 4.22 4.80 -6,500 -3.93
Johnson & Johnson COM 8 $7,374,000 52,946 4.09 4.37 -4,900 -8.47
Pfizer Inc. COM 9 $6,899,000 159,253 3.83 3.84 -7,695 -4.61
Corning COM 10 $6,743,000 202,925 3.74 3.75 -6,750 -3.22
Weyerhaeuser Co. COM 11 $6,295,000 238,986 3.49 3.50 -6,305 -2.57
International Paper COM 12 $5,723,000 132,120 3.18 3.41 -3,950 -2.90
AT & T Corp. COM 13 $5,018,000 149,744 2.78 2.53 476 0.32
Lowe's Companies, Inc. COM 14 $4,957,000 49,125 2.75 2.92 -100 -0.20
Verizon Communications COM 15 $4,818,000 84,330 2.67 2.69 193 0.23
Westrock Company COM 16 $4,404,000 120,750 2.44 2.62 -5,475 -4.34
Dow Inc. COM 17 $4,373,000 88,685 2.43 88,685 +Inf
DuPont de Nemours Inc. COM 18 $3,794,000 50,543 2.11 50,543 +Inf
United Technologies COM 19 $3,738,000 28,710 2.07 2.07 -1,000 -3.37
20
Borg Warner Inc. COM 21 $3,390,000 80,750 1.88 0.24 69,250 602.17
Occidental Petroleum COM 22 $3,388,000 67,375 1.88 2.43 -500 -0.74
JP Morgan Chase & Co. COM 23 $3,364,000 30,089 1.87 1.63 300 1.01
Philips COM 24 $3,159,000 72,495 1.75 1.61 -125 -0.17
Wells Fargo Co. COM 25 $3,071,000 64,891 1.70 1.80 -3,900 -5.67
Devon Energy COM 26 $3,053,000 107,064 1.69 1.84 -400 -0.37
Halliburton Co. COM 27 $2,908,000 127,900 1.61 1.84 12,075 10.43
NCR Corp. COM 28 $2,776,000 89,250 1.54 1.32 -500 -0.56
Aptiv PLC COM 29 $2,555,000 31,610 1.42 0.99 8,635 37.58
PayPal Holdings Inc. COM 30 $2,541,000 22,200 1.41 1.61 -6,425 -22.45
Costco Wholesale Corp. COM 31 $2,470,000 9,345 1.37 1.22 0 0.00
Comcast CL A COM 32 $2,164,000 51,175 1.20 0.32 36,575 250.51
33
Abbott Laboratories COM 34 $1,888,000 22,445 1.05 0.97 0 0.00
Marathon Oil Corp. COM 35 $1,586,000 111,625 0.88 0.98 3,000 2.76
Paychex Inc COM 36 $1,572,000 19,104 0.87 0.83 0 0.00
Japan Smaller Capitalization F COM 37 $1,507,000 177,325 0.84 1.18 -70,800 -28.53
Corteva Inc. COM 38 $1,502,000 50,779 0.83 50,779 +Inf
Paccar Inc. COM 39 $1,419,000 19,800 0.79 0.70 800 4.21
Eaton Corp. PLC COM 40 $1,297,000 15,575 0.72 0.54 3,250 26.37
3M Company COM 41 $1,157,000 6,675 0.64 0.76 -100 -1.48
Home Depot Inc. COM 42 $1,050,000 5,050 0.58 0.52 0 0.00
Schlumberger, Ltd. COM 43 $1,021,000 25,697 0.57 0.64 -1,400 -5.17
Chevron Corp. COM 44 $908,000 7,300 0.50 0.49 0 0.00
Colgate Palmolive COM 45 $892,000 12,450 0.50 0.46 0 0.00
Kimberly-Clark COM 46 $866,000 6,500 0.48 0.45 -172 -2.58
Novartis AG ADR COM 47 $853,000 9,344 0.47 0.49 0 0.00
Procter & Gamble COM 48 $828,000 7,552 0.46 0.43 0 0.00
Nestle S A ADR COM 49 $757,000 7,325 0.42 0.38 0 0.00
Stryker COM 50 $750,000 3,650 0.42 0.39 0 0.00
Exxon Mobil COM 51 $729,000 9,518 0.40 0.42 0 0.00
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