SALEM CAPITAL MANAGEMENT INC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2022, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2022-09-30, active share 76.5%; sector active share 26.8% against the combined 13F book's sector weights.
Over time 11 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
52 tracked positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022Portfolio Trend
Sector Breakdown
As of Sep 30, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 20.8% | $25,288,891 |
| Healthcare | 17.5% | $21,191,116 |
| Energy | 11.2% | $13,602,147 |
| Financial Services | 10.9% | $13,186,270 |
| Industrials | 9.9% | $11,980,577 |
| Consumer Cyclical | 9.8% | $11,916,803 |
| Unclassified | 6.3% | $7,658,000 |
| Real Estate | 4.7% | $5,673,752 |
| Consumer Defensive | 3.5% | $4,283,009 |
| Basic Materials | 2.7% | $3,268,640 |
| Communication Services | 2.5% | $3,015,387 |
| Utilities | 0.3% | $313,640 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SLB | Slb Limited | +66,050 | 73,049 | $2,622,459 | |
| NOK | Nokia Corp | +45,900 | 531,484 | $2,269,436 | |
| FCX | Freeport-Mcmoran Inc | +2,450 | 119,599 | $3,268,640 | |
| CVX | Chevron Corp | +300 | 27,902 | $4,008,680 | |
| PYPL | PayPal Holdings, Inc. | +300 | 8,625 | $742,353 | |
| VZ | Verizon Communications Inc | +209 | 79,415 | $3,015,387 | |
| KO | Coca Cola Co | +159 | 4,359 | $244,191 | |
| MRK | Merck & Co., Inc. | +134 | 81,739 | $7,039,362 | |
| JPM | Jpmorgan Chase & Co | +100 | 28,153 | $2,941,988 | |
| ADP | Automatic Data Processing Inc | +93 | 2,393 | $541,272 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| — | −1,000 | 91,267 | $2,819,000 | ||
| TFC | Truist Financial Corp | −350 | 65,708 | $2,860,926 | |
| MSFT | Microsoft Corp | −341 | 38,061 | $8,864,406 | |
| AAPL | Apple Inc. | −200 | 7,260 | $1,003,332 | |
| NVS | Novartis AG | −200 | 16,377 | $1,244,815 | |
| — | −150 | 22,350 | $4,839,000 | ||
| LOW | Lowes Companies Inc | −100 | 22,524 | $4,230,232 | |
| HON | Honeywell International Inc | −100 | 33,483 | $5,590,656 | |
| COST | Costco Wholesale Corp | −15 | 5,111 | $2,413,771 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Reduced | 38,061 | $8,864,406 | 7.30% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 81,739 | $7,039,362 | 5.80% | |
| PFE |
Pfizer Inc
Healthcare
|
Held | 138,274 | $6,050,870 | 4.99% | |
| BAC |
Bank Of America Corp
Financial Services
|
Held | 197,540 | $5,965,708 | 4.91% | |
| HON |
Honeywell International Inc
Industrials
|
Reduced | 33,483 | $5,590,656 | 4.61% | |
| WY |
Weyerhaeuser Co
Real Estate
|
Held | 186,317 | $5,321,213 | 4.38% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Held | 131,290 | $5,251,600 | 4.33% | |
|
|
Reduced | 22,350 | $4,839,000 | 3.99% | ||
| DVN |
Devon Energy Corp
Energy
|
Held | 79,887 | $4,803,605 | 3.96% | |
| GLW |
Corning Inc
Technology
|
Held | 154,499 | $4,483,560 | 3.69% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Reduced | 22,524 | $4,230,232 | 3.49% | |
| CVX |
Chevron Corp
Energy
|
Added | 27,902 | $4,008,680 | 3.30% | |
| PCAR |
Paccar Inc
Industrials
|
Held | 42,690 | $3,572,723 | 2.94% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 20,826 | $3,402,135 | 2.80% | |
| IP |
International Paper Co
Consumer Cyclical
|
Held | 107,258 | $3,400,078 | 2.80% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Added | 119,599 | $3,268,640 | 2.69% | |
| BWA |
Borgwarner Inc
Consumer Cyclical
|
Held | 102,899 | $3,231,023 | 2.66% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 79,415 | $3,015,387 | 2.48% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 28,153 | $2,941,988 | 2.42% | |
| TFC |
Truist Financial Corp
Financial Services
|
Reduced | 65,708 | $2,860,926 | 2.36% | |
|
|
Reduced | 91,267 | $2,819,000 | 2.32% | ||
| SLB |
Slb Limited
Energy
|
Added | 73,049 | $2,622,459 | 2.16% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Reduced | 5,111 | $2,413,771 | 1.99% | |
| RTX |
RTX Corp
Industrials
|
Held | 28,542 | $2,336,448 | 1.92% | |
| NOK |
Nokia Corp
Technology
|
Added | 531,484 | $2,269,436 | 1.87% | |
| ABT |
Abbott Laboratories
Healthcare
|
Held | 16,096 | $1,557,448 | 1.28% | |
| PAYX |
Paychex Inc
Technology
|
Held | 12,845 | $1,441,337 | 1.19% | |
| EOG |
Eog Resources Inc
Energy
|
Held | 11,450 | $1,279,308 | 1.05% | |
| NVS |
Novartis AG
Healthcare
|
Reduced | 16,377 | $1,244,815 | 1.03% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Held | 3,825 | $1,055,470 | 0.87% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 7,260 | $1,003,332 | 0.83% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Held | 2,897 | $936,744 | 0.77% | |
| AVGO |
Broadcom Inc.
Technology
|
Held | 1,780 | $790,337 | 0.65% | |
| PYPL |
PayPal Holdings, Inc.
Financial Services
|
Added | 8,625 | $742,353 | 0.61% | |
| ADI |
Analog Devices Inc
Technology
|
Held | 4,619 | $643,611 | 0.53% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Held | 4,430 | $559,287 | 0.46% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Added | 2,393 | $541,272 | 0.45% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Held | 7,233 | $508,118 | 0.42% | |
| NFG |
National Fuel Gas Co
Energy
|
Held | 7,778 | $478,735 | 0.39% | |
| CVS |
CVS HEALTH Corp
Healthcare
|
Held | 4,805 | $458,252 | 0.38% | |
| PNC |
Pnc Financial Services Group, Inc.
Financial Services
|
Held | 3,050 | $455,731 | 0.38% | |
| COP |
Conocophillips
Energy
|
Held | 4,000 | $409,360 | 0.34% | |
|
|
Held | 1,914 | $352,539 | 0.29% | ||
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Held | 3,049 | $343,134 | 0.28% | |
| NEE |
Nextera Energy Inc
Utilities
|
Held | 4,000 | $313,640 | 0.26% | |
| FDX |
Fedex Corp
Industrials
|
Held | 1,800 | $267,246 | 0.22% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Held | 1,900 | $254,999 | 0.21% | |
| SYK |
Stryker Corp
Healthcare
|
Held | 1,217 | $246,491 | 0.20% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 4,359 | $244,191 | 0.20% | |
| BNY |
Bank of New York Mellon Corp
Financial Services
|
Held | 5,700 | $219,564 | 0.18% |
Showing the top 50 of 52 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.