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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 (2015Q1)
Portfolio Summary: 67 holdings with a total value of $196,600,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 LILLY ELI & CO 7,150 519,000 0.26%
52 FEDEX CORP 2,950 488,000 0.25%
53 QUALCOMM INC 6,805 472,000 0.24%
54 SOUTHERN CO 9,050 401,000 0.20%
55 ANALOG DEVICES INC 6,270 395,000 0.20%
56 AUTOMATIC DATA PROCESSING IN 4,300 368,000 0.19%
57 STRYKER CORP 3,950 364,000 0.19%
58 LA Cent Oil&Gas Co. 225 293,000 0.15%
59 CINTAS CORP 3,350 273,000 0.14%
60 ABB LTD 12,325 261,000 0.13%
61 WELLS FARGO & CO NEW 4,660 254,000 0.13%
62 DUKE ENERGY CORP NEW 3,293 253,000 0.13%
63 EXPRESS SCRIPTS HLDG CO 2,845 247,000 0.13%
64 SYSCO CORP 6,333 239,000 0.12%
65 UNION PAC CORP 2,200 238,000 0.12%
66 CATERPILLAR INC 2,700 216,000 0.11%
67 Nextera Enterprises Inc. 30,000 0 0.00%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001049648-15-000002, filed 2015.04.07).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.