Salem Capital Management’s IBM IBM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2021 Q3	–	Sell	-1,778	Closed	-$249K	–	73
2021 Q2	$249K	Hold	1,778	–	–	0.14%	64
2021 Q1	$227K	Buy	1,778 +104	+6%	+$13.3K	0.14%	65
2020 Q4	$201K	Buy	+1,674	New	+$201K	0.13%	67
2020 Q1	–	Sell	-1,674	Closed	-$214K	–	67
2019 Q4	$214K	Hold	1,674	–	–	0.12%	65
2019 Q3	$233K	Hold	1,674	–	–	0.13%	64
2019 Q2	$221K	Sell	1,674 -174	-9%	-$23K	0.12%	67
2019 Q1	$249K	Sell	1,848 -816	-31%	-$110K	0.13%	63
2018 Q4	$290K	Sell	2,664 -240	-8%	-$26.1K	0.18%	58
2018 Q3	$420K	Sell	2,904 -108	-4%	-$15.6K	0.22%	55
2018 Q2	$402K	Hold	3,012	–	–	0.22%	54
2018 Q1	$442K	Sell	3,012 -314	-9%	-$46.1K	0.24%	52
2017 Q4	$488K	Hold	3,326	–	–	0.25%	51
2017 Q3	$461K	Sell	3,326 -1,135	-25%	-$157K	0.24%	53
2017 Q2	$656K	Buy	4,461 +139	+3%	+$20.4K	0.37%	49
2017 Q1	$720K	Hold	4,322	–	–	0.4%	46
2016 Q4	$686K	Hold	4,322	–	–	0.38%	47
2016 Q3	$656K	Sell	4,322 -776	-15%	-$118K	0.36%	47
2016 Q2	$740K	Hold	5,098	–	–	0.43%	46
2016 Q1	$738K	Hold	5,098	–	–	0.41%	45
2015 Q4	$671K	Hold	5,098	–	–	0.38%	45
2015 Q3	$707K	Hold	5,098	–	–	0.42%	46
2015 Q2	$793K	Hold	5,098	–	–	0.41%	43
2015 Q1	$782K	Hold	5,098	–	–	0.4%	44
2014 Q4	$782K	Hold	5,098	–	–	0.37%	47
2014 Q3	$925K	Hold	5,098	–	–	0.43%	43
2014 Q2	$884K	Sell	5,098 -105	-2%	-$18.2K	0.39%	45
2014 Q1	$957K	Sell	5,203 -1,010	-16%	-$186K	0.42%	45
2013 Q4	$1.11M	Sell	6,213 -157	-2%	-$28.2K	0.48%	42
2013 Q3	$1.13M	Hold	6,370	–	–	0.52%	44
2013 Q2	$1.16M	Buy	+6,370	New	+$1.16M	0.55%	43