SALEM CAPITAL MANAGEMENT INC

CIK

1049648

Location

WOBURN, MA

Portfolio Value

Micro $3,268,640

Diversification

Diversified

Filing Date

Global Rank

#3,935 / 6,687 ▼ 80

Top Industry

Drug Manufacturers - General 17.1%

3Y Alpha vs SPY

-1.6%

Period ended 3 years ago

Filed Nov 29, 2022 · 3y

11 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+69.4%

SPY

+76.3%

Annualised alpha

-1.6%

Max drawdown

−16.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

50 positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

8.0%

−0.2 pts

Top 5

30.0%

−0.7 pts

Top 10

51.6%

+0.3 pts

HHI

383

Diversified−3

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Technology	22.2%	$24,577,587	9
Healthcare	19.1%	$21,191,116	9
Energy	12.3%	$13,602,147	6
Financial Services	11.9%	$13,186,270	6
Consumer Cyclical	10.4%	$11,529,990	4
Industrials	9.3%	$10,308,118	5
Real Estate	5.1%	$5,673,752	2
Consumer Defensive	3.9%	$4,283,009	6
Basic Materials	2.9%	$3,268,640	1
Communication Services	2.7%	$3,015,387	1
Utilities	0.3%	$313,640	1

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
SLB	Slb Limited/Nv	+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

7 positions

Ticker	Company	Δ Shares	Shares	Value
TFC	Truist Financial Corp	−350	65,708	$2,860,926
MSFT	Microsoft Corp	−341	38,061	$8,864,406
NVS	Novartis AG	−200	16,377	$1,244,815
AAPL	Apple Inc.	−200	7,260	$1,003,332
HON	Honeywell International Inc	−100	33,483	$5,269,233
LOW	Lowes Companies Inc	−100	22,524	$4,230,232
COST	Costco Wholesale Corp /New	−15	5,111	$2,413,771
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
CMCSA	Comcast Corp	89,239	$3,281,853
INTC	Intel Corp	7,750	$289,927
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $3,268,640 total · Basic Materials only · as of Sep 30, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
FCX	Freeport-Mcmoran Inc Basic Materials	Added	119,599	+2,450	$3,268,640	−4.6%	100.00%