Dark
Light
System
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 (2016Q3)
Original 13F HR (0001049648-16-000008) filed in 2016.10.11
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK AMER CORP 313,091 4,900 2.69%
2 WEYERHAEUSER CO 257,632 8,229 4.51%
3 GENERAL ELECTRIC CO 230,145 6,817 3.74%
4 PFIZER INC 204,949 6,942 3.81%
5 CORNING INC 199,025 4,707 2.58%
6 CISCO SYS INC 197,725 6,272 3.44%
7 BRIGGS & STRATTON CORP 197,475 3,683 2.02%
8 MARATHON OIL CORP 174,304 2,756 1.51%
9 INTEL CORP 163,029 6,154 3.37%
10 UNILEVER PLC 152,816 7,243 3.97%
11 VODAFONE GROUP PLC NEW 141,837 4,135 2.27%
12 INTL PAPER CO 139,805 6,708 3.68%
13 MICROSOFT CORP 138,934 8,003 4.39%
14 MERCK & CO INC 117,534 7,335 4.02%
15 DOW CHEM CO 113,600 5,888 3.23%
16 PACCAR INC 88,123 5,180 2.84%
17 WILLIAMS SONOMA INC 84,550 4,319 2.37%
18 DEVON ENERGY CORP NEW 84,268 3,717 2.04%
19 KONINKLIJKE PHILIPS N V 80,416 2,380 1.30%
20 VERIZON COMMUNICATIONS INC 79,081 4,111 2.25%
21 CVS HEALTH CORP 76,230 6,784 3.72%
22 WESTROCK CO 75,334 3,652 2.00%
23 HALLIBURTON CO 71,150 3,193 1.75%
24 JOHNSON & JOHNSON 70,965 8,383 4.60%
25 HONEYWELL INTL INC 66,533 7,757 4.25%
26 PROCTER AND GAMBLE CO 64,982 5,832 3.20%
27 SCHLUMBERGER LTD 46,899 3,688 2.02%
28 NESTLE SA SPONSORED ADR REPSTG 45,262 3,577 1.96%
29 DU PONT E I DE NEMOURS & CO 39,480 2,644 1.45%
30 ABBOTT LABS 33,149 1,402 0.77%
31 ANADARKO PETE CORP 27,650 1,752 0.96%
32 AT&T INC 24,970 1,014 0.56%
33 PAYCHEX INC 20,149 1,166 0.64%
34 JPMORGAN CHASE & CO 18,218 1,213 0.67%
35 EXXON MOBIL CORP 15,285 1,334 0.73%
36 ABBVIE INC 15,150 956 0.52%
37 NOVARTIS A G 15,020 1,186 0.65%
38 COLGATE PALMOLIVE CO 14,950 1,108 0.61%
39 PAYPAL HLDGS INC 14,575 597 0.33%
40 NATIONAL FUEL GAS CO N J 12,650 684 0.38%
41 EOG RES INC 12,550 1,214 0.67%
42 COSTCO WHSL CORP NEW 11,145 1,700 0.93%
43 DOVER CORP 10,750 792 0.43%
44 CHEVRON CORP NEW 10,550 1,086 0.60%
45 HOME DEPOT INC 8,700 1,120 0.61%
46 3M Co 8,500 1,498 0.82%
47 KIMBERLY CLARK CORP 8,250 1,041 0.57%
48 SOUTHERN CO 7,950 408 0.22%
49 GENERAL MLS INC 7,600 485 0.27%
50 WELLS FARGO & CO NEW 6,110 271 0.15%
Page 1 of 2