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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 (2014Q2)
Original 13F HR (0001049648-14-000003) filed in 2014.07.17
#
Name
Shares
Value ($)
%
Options
Notes
1 CVS HEALTH CORP 121,504 9,158 4.06%
2 JOHNSON & JOHNSON 82,065 8,586 3.81%
3 NOVARTIS A G 89,845 8,134 3.61%
4 UNILEVER PLC 178,926 8,107 3.60%
5 WEYERHAEUSER CO 229,582 7,597 3.37%
6 HONEYWELL INTL INC 79,254 7,367 3.27%
7 MERCK & CO INC 125,759 7,275 3.23%
8 DEVON ENERGY CORP NEW 90,308 7,170 3.18%
9 SCHLUMBERGER LTD 59,933 7,069 3.13%
10 MARATHON OIL CORP 176,550 7,048 3.13%
11 DU PONT E I DE NEMOURS & CO 105,199 6,884 3.05%
12 INTL PAPER CO 135,030 6,815 3.02%
13 DOW CHEM CO 131,825 6,784 3.01%
14 GENERAL ELECTRIC CO 255,308 6,709 2.98%
15 MICROSOFT CORP 159,646 6,657 2.95%
16 PFIZER INC 222,271 6,597 2.93%
17 GLAXOSMITHKLINE PLC 114,380 6,117 2.71%
18 PROCTER AND GAMBLE CO 76,885 6,042 2.68%
19 PACCAR INC 95,912 6,026 2.67%
20 INTEL CORP 186,720 5,770 2.56%
21 CISCO SYS INC 214,175 5,322 2.36%
22 OCCIDENTAL PETE CORP DEL 49,600 5,090 2.26%
23 HALLIBURTON CO 71,050 5,045 2.24%
24 ANADARKO PETE CORP 45,425 4,973 2.21%
25 E M C CORP MASS COM 179,085 4,717 2.09%
26 ABB LTD 193,475 4,454 1.98%
27 DIEBOLD NXDF INC 110,575 4,442 1.97%
28 UNITED TECHNOLOGIES CORP 36,691 4,236 1.88%
29 VERIZON COMMUNICATIONS INC 84,634 4,141 1.84%
30 NESTLE SA SPONSORED ADR REPSTG 48,437 3,762 1.67%
31 VODAFONE GROUP PLC NEW 101,749 3,397 1.51%
32 KONINKLIJKE PHILIPS N V 89,966 2,857 1.27%
33 ABBVIE INC 46,550 2,627 1.16%
34 ABBOTT LABS 55,725 2,279 1.01%
35 CONOCOPHILLIPS 25,897 2,220 0.98%
36 PLUM CREEK TIMBER 41,525 1,873 0.83%
37 EOG RES INC 14,050 1,642 0.73%
38 3M Co 10,850 1,554 0.69%
39 COSTCO WHSL CORP NEW 11,995 1,381 0.61%
40 NATIONAL FUEL GAS CO N J 14,800 1,159 0.51%
41 COLGATE PALMOLIVE CO 16,556 1,129 0.50%
42 EXXON MOBIL CORP 10,695 1,077 0.48%
43 KIMBERLY CLARK CORP 9,050 1,007 0.45%
44 CHEVRON CORP NEW 7,315 955 0.42%
45 INTERNATIONAL BUSINESS MACHS 4,874 884 0.39%
46 PAYCHEX INC 20,449 850 0.38%
47 AT&T INC 22,583 799 0.35%
48 HOME DEPOT INC 9,350 757 0.34%
49 DOVER CORP 7,620 693 0.31%
50 GENERAL MLS INC 11,200 588 0.26%
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