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Institutional Investment Manager
SALEM CAPITAL MANAGEMENT INC
SALEM CAPITAL MANAGEMENT INC (CIK: 0001049648) incorporated in Massachusetts, located at 400 Unicorn Park Drive, Woburn, MA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Original 13F HR (0001049648-14-000002) filed in 2014.04.08
#
Name
Shares
Value ($)
%
Options
Notes
1 CVS HEALTH CORP 125,830 9,420 4.13%
2 JOHNSON & JOHNSON 85,018 8,351 3.66%
3 UNILEVER PLC 184,896 7,910 3.46%
4 NOVARTIS A G 92,250 7,843 3.44%
5 HONEYWELL INTL INC 81,819 7,590 3.32%
6 MERCK & CO INC 129,784 7,368 3.23%
7 DU PONT E I DE NEMOURS & CO 109,301 7,334 3.21%
8 WEYERHAEUSER CO 235,132 6,901 3.02%
9 PFIZER INC 214,441 6,888 3.02%
10 MICROSOFT CORP 166,246 6,814 2.98%
11 GENERAL ELECTRIC CO 261,973 6,782 2.97%
12 DOW CHEM CO 138,475 6,729 2.95%
13 PACCAR INC 99,662 6,721 2.94%
14 MARATHON OIL CORP 183,775 6,528 2.86%
15 PROCTER AND GAMBLE CO 79,772 6,430 2.82%
16 GLAXOSMITHKLINE PLC 118,175 6,314 2.77%
17 INTL PAPER CO 136,885 6,280 2.75%
18 DEVON ENERGY CORP NEW 93,443 6,254 2.74%
19 SCHLUMBERGER LTD 63,788 6,219 2.72%
20 ABB LTD 201,875 5,206 2.28%
21 OCCIDENTAL PETE CORP DEL 53,520 5,100 2.23%
22 E M C CORP MASS COM 184,060 5,045 2.21%
23 INTEL CORP 193,345 4,991 2.19%
24 CISCO SYS INC 221,150 4,957 2.17%
25 HERTZ GLOBAL HOLDINGS INC COM 182,725 4,868 2.13%
26 DIEBOLD NXDF INC 117,775 4,698 2.06%
27 HALLIBURTON CO 75,950 4,473 1.96%
28 UNITED TECHNOLOGIES CORP 37,356 4,365 1.91%
29 VERIZON COMMUNICATIONS INC 87,783 4,176 1.83%
30 ANADARKO PETE CORP 49,225 4,172 1.83%
31 VODAFONE GROUP PLC NEW 103,960 3,827 1.68%
32 NESTLE SA SPONSORED ADR REPSTG 50,587 3,805 1.67%
33 KONINKLIJKE PHILIPS N V 92,391 3,248 1.42%
34 ABBVIE INC 49,575 2,548 1.12%
35 ABBOTT LABS 57,125 2,200 0.96%
36 CONOCOPHILLIPS 29,162 2,052 0.90%
37 PLUM CREEK TIMBER 41,025 1,725 0.76%
38 3M Co 11,950 1,621 0.71%
39 COSTCO WHSL CORP NEW 13,542 1,512 0.66%
40 EOG RES INC 7,150 1,403 0.61%
41 COLGATE PALMOLIVE CO 16,556 1,074 0.47%
42 EXXON MOBIL CORP 10,995 1,074 0.47%
43 NATIONAL FUEL GAS CO N J 14,800 1,037 0.45%
44 KIMBERLY CLARK CORP 8,775 967 0.42%
45 INTERNATIONAL BUSINESS MACHS 4,974 957 0.42%
46 CHEVRON CORP NEW 7,315 870 0.38%
47 PAYCHEX INC 19,949 850 0.37%
48 AT&T INC 23,583 827 0.36%
49 HOME DEPOT INC 9,350 740 0.32%
50 GENERAL MLS INC 11,200 580 0.25%
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