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SCM
Salem Capital Management Portfolio holdings
AUM
$126M
1-Year Est. Return
8.82%
This Fund
S&P 500
This Quarter
Est. Return
-11.24%
1 Year Est. Return
-8.82%
3 Year Est. Return
+32.26%
5 Year Est. Return
+45.09%
10 Year Est. Return
–
AUM
$137M
AUM Growth
-$41.2M
(-23%)
Cap. Flow
-$20.1M
Cap. Flow
% of AUM
-14.65%
Top 10 Holdings %
Top 10 Hldgs %
45.7%
Holding
69
New
–
Increased
–
Reduced
49
Closed
12
Top Buys
No buys this quarter
Top Sells
| 1 |
MRO
Marathon Oil Corporation
MRO
|
+$2.05M |
| 2 |
Ericsson
ERIC
|
+$1.26M |
| 3 |
Microsoft
MSFT
|
+$1.25M |
| 4 |
Devon Energy
DVN
|
+$1.05M |
| 5 |
Costco
COST
|
+$1.02M |
Sector Composition
| 1 | Technology | 19.95% |
| 2 | Healthcare | 17.1% |
| 3 | Consumer Discretionary | 13.89% |
| 4 | Energy | 11.52% |
| 5 | Financials | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.98T
| $9.86M | 7.19% |
38,402
-4,619
| -11% | -$1.25M |
|
2
Merck
MRK
$315B
| $7.44M | 5.42% |
81,605
-5,366
| -6% | -$476K |
|
3
Pfizer
PFE
$143B
| $7.25M | 5.29% |
138,274
-3,128
| -2% | -$159K |
|
4
Weyerhaeuser
WY
$17.6B
| $6.17M | 4.5% |
186,317
-14,859
| -7% | -$567K |
|
5
Bank of America
BAC
$432B
| $6.15M | 4.48% |
197,540
-15,275
| -7% | -$550K |
|
6
Honeywell
HON
$70.6B
| $5.84M | 4.26% |
35,632
-3,949
| -10% | -$709K |
|
7
Cisco
CSCO
$432B
| $5.6M | 4.08% |
131,290
-7,634
| -5% | -$365K |
|
|
PXD
8
DELISTED
Pioneer Natural Resource Co.
PXD
| $5.02M | 3.66% |
22,500
-250
| -1% | -$63.4K |
|
9
Corning
GLW
$136B
| $4.87M | 3.55% |
154,499
-10,350
| -6% | -$357K |
|
10
International Paper
IP
$20.1B
| $4.49M | 3.27% |
107,258
-7,384
| -6% | -$343K |
|
|
11
Devon Energy
DVN
$49.6B
| $4.4M | 3.21% |
79,887
-16,004
| -17% | -$1.05M |
|
12
Verizon
VZ
$183B
| $4.02M | 2.93% |
79,206
-3,558
| -4% | -$180K |
|
13
Chevron
CVX
$366B
| $4M | 2.91% |
27,602
-134
| -0.5% | -$22.1K |
|
14
Lowe's Companies
LOW
$121B
| $3.95M | 2.88% |
22,624
-350
| -2% | -$67.5K |
|
15
Johnson & Johnson
JNJ
$602B
| $3.7M | 2.7% |
20,826
-2,971
| -12% | -$529K |
|
|
WRK
16
DELISTED
WestRock Company
WRK
| $3.68M | 2.68% |
92,267
-2,525
| -3% | -$119K |
|
17
PACCAR
PCAR
$66.7B
| $3.52M | 2.56% |
64,035
-4,575
| -7% | -$258K |
|
18
Comcast
CMCSA
$86.1B
| $3.5M | 2.55% |
89,239
-6,184
| -6% | -$265K |
|
19
BorgWarner
BWA
$12.9B
| $3.43M | 2.5% |
116,893
-7,061
| -6% | -$233K |
|
20
Freeport-McMoran
FCX
$84.2B
| $3.43M | 2.5% |
117,149
-5,125
| -4% | -$205K |
|
21
JPMorgan Chase
JPM
$912B
| $3.16M | 2.3% |
28,053
-3,127
| -10% | -$387K |
|
22
Truist Financial
TFC
$66.3B
| $3.13M | 2.28% |
66,058
-3,684
| -5% | -$182K |
|
23
RTX Corp
RTX
$262B
| $2.74M | 2% |
28,542
-2,260
| -7% | -$217K |
|
|
24
Costco
COST
$419B
| $2.46M | 1.79% |
5,126
-2,009
| -28% | -$1.02M |
|
25
Aptiv
APTV
$12.5B
| $2.45M | 1.78% |
27,473
-2,310
| -8% | -$236K |
|
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Salem Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Salem Capital Management held 69 positions worth $137M, down 23% from $178M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Salem Capital Management withdrew a net $20.1M in Q2 2022, closing 12 positions and reducing 49 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $2.05M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Salem Capital Management's biggest Q2 2022 reduction was Microsoft, cutting an estimated $1.25M.
- Salem Capital Management fully exited Marathon Oil Corporation in Q2 2022, selling an estimated $2.05M.
- Salem Capital Management's ten largest holdings make up 46% of its $137M portfolio in Q2 2022.
- Salem Capital Management opened 0 new positions and closed 12 in Q2 2022.
- Salem Capital Management's portfolio value fell 23% quarter-over-quarter to $137M.
Based on Salem Capital Management's 13F filing for Q2 2022, filed 27 Jul 2022.