Salem Capital Management Inc 13F annual report
Salem Capital Management Inc is an investment fund managing more than $178 million ran by Helene Brodette. There are currently 69 companies in Mrs. Brodette’s portfolio. The largest investments include Microsoft and Bank Of America, together worth $22 million.
$178 million Assets Under Management (AUM)
As of 31st March 2022, Salem Capital Management Inc’s top holding is 43,021 shares of Microsoft currently worth over $13.3 million and making up 7.4% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Salem Capital Management Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 212,815 shares of Bank Of America worth $8.77 million, whose value fell 10.0% in the past six months.
The third-largest holding is Cisco Systems worth $7.75 million and the next is Weyerhaeuser Co worth $7.63 million, with 201,176 shares owned.
Currently, Salem Capital Management Inc's portfolio is worth at least $178 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Salem Capital Management Inc
The Salem Capital Management Inc office and employees reside in Woburn, Massachusetts. According to the last 13-F report filed with the SEC, Helene Brodette serves as the VP at Salem Capital Management Inc.
Recent trades
In the most recent 13F filing, Salem Capital Management Inc revealed that it had opened a new position in
Northway Financial and bought 5,970 shares worth $215 thousand.
The investment fund also strengthened its position in Freeport-McMoRan Inc by buying
400 additional shares.
This makes their stake in Freeport-McMoRan Inc total 122,274 shares worth $6.08 million.
Freeport-McMoRan Inc soared 41.4% in the past year.
On the other hand, there are companies that Salem Capital Management Inc is getting rid of from its portfolio.
Salem Capital Management Inc closed its position in Philips on 7th April 2022.
It sold the previously owned 52,456 shares for $1.93 million.
Helene Brodette also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $13.3 million and 43,021 shares.
One of the smallest hedge funds
The two most similar investment funds to Salem Capital Management Inc are Banco De Sabadell, S.A. and Bouvel Investment Partners. They manage $178 million and $178 million respectively.
Helene Brodette investment strategy
Salem Capital Management Inc’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 16.9% of
the total portfolio value.
The fund focuses on investments in the United States as
68.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
65% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $161 billion.
The complete list of Salem Capital Management Inc trades based on 13F SEC filings
These positions were updated on April 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
3.48%
43,021
|
$13,264,000 | 7.44% |
| Bank Of America Corp. |
4.14%
212,815
|
$8,772,000 | 4.92% |
| Cisco Systems, Inc. |
1.77%
138,924
|
$7,746,000 | 4.34% |
| Weyerhaeuser Co. |
0.21%
201,176
|
$7,625,000 | 4.28% |
| Pfizer Inc. |
0.77%
141,402
|
$7,320,000 | 4.10% |
| Honeywell Int'l |
2.61%
37,305
|
$7,259,000 | 4.07% |
| Merck & Co Inc |
0.85%
86,971
|
$7,136,000 | 4.00% |
| Corning, Inc. |
0.45%
164,849
|
$6,085,000 | 3.41% |
| Freeport-McMoRan Inc |
0.33%
122,274
|
$6,082,000 | 3.41% |
| Pioneer Natural Resources Co. |
0.55%
22,750
|
$5,688,000 | 3.19% |
| Devon Energy Corp. |
22.79%
95,891
|
$5,670,000 | 3.18% |
| International Paper Co. |
0.70%
114,642
|
$5,291,000 | 2.97% |
| Lowe's Companies, Inc. |
27.76%
22,974
|
$4,645,000 | 2.60% |
| Chevron Corp. |
0.48%
27,736
|
$4,516,000 | 2.53% |
| Comcast Cl A |
0.74%
95,423
|
$4,468,000 | 2.51% |
| WestRock Co |
0.39%
94,792
|
$4,458,000 | 2.50% |
| Jp Morgan Chase & Co. |
0.32%
31,180
|
$4,250,000 | 2.38% |
| Borg Warner Inc. |
0.74%
109,114
|
$4,245,000 | 2.38% |
| Johnson & Johnson |
1.65%
23,797
|
$4,218,000 | 2.37% |
| Verizon Communications Inc |
0.10%
82,764
|
$4,216,000 | 2.36% |
| Costco Wholesale Corp |
0.50%
7,135
|
$4,109,000 | 2.30% |
| Paccar Inc. |
0.71%
45,740
|
$4,028,000 | 2.26% |
| Truist Fin'l Corp. |
0.10%
69,742
|
$3,954,000 | 2.22% |
| Aptiv PLC |
0.51%
29,783
|
$3,565,000 | 2.00% |
| Raytheon Technologies Corporation |
0.75%
30,802
|
$3,052,000 | 1.71% |
| Eaton Corp. Plc |
2.98%
17,878
|
$2,713,000 | 1.52% |
| Nokia Corp Adr |
0.41%
494,084
|
$2,698,000 | 1.51% |
| Paychex Inc. |
2.08%
17,179
|
$2,344,000 | 1.31% |
| Marathon Oil Corporation |
3.89%
81,575
|
$2,048,000 | 1.15% |
| Abbott Laboratories |
2.00%
16,330
|
$1,933,000 | 1.08% |
| Philips |
Closed
52,456
|
$1,933,000 | |
| Novartis Ag Adr |
No change
19,994
|
$1,754,000 | 0.98% |
| Broadcom Inc. |
No change
2,395
|
$1,508,000 | 0.85% |
| Apple Computer |
No change
8,260
|
$1,442,000 | 0.81% |
| PayPal Holdings Inc |
No change
12,225
|
$1,414,000 | 0.79% |
| EOG Resources, Inc. |
6.39%
11,650
|
$1,389,000 | 0.78% |
| Ericsson Adr |
No change
137,750
|
$1,259,000 | 0.71% |
| Vanguard Russell 2000 Etf |
Closed
13,986
|
$1,256,000 | |
| Home Depot, Inc. |
3.95%
3,950
|
$1,182,000 | 0.66% |
| Lilly, Eli |
No change
3,294
|
$943,000 | 0.53% |
| Vontier Corporation |
30.97%
37,000
|
$939,000 | 0.53% |
| Analog Devices Inc. |
No change
5,381
|
$889,000 | 0.50% |
| Nestle S A Adr |
No change
6,575
|
$855,000 | 0.48% |
| Pnc Financial Services Grp. |
No change
4,070
|
$751,000 | 0.42% |
| Procter & Gamble Co. |
No change
4,830
|
$738,000 | 0.41% |
| Colgate-Palmolive Co. |
2.89%
9,517
|
$722,000 | 0.40% |
| 3M Co. |
0.72%
4,608
|
$686,000 | 0.38% |
| Fedex Corp |
No change
2,950
|
$683,000 | 0.38% |
| National Fuel Gas Co. |
No change
8,773
|
$603,000 | 0.34% |
| Intel Corp. |
0.85%
11,687
|
$579,000 | 0.32% |
| Automatic Data Proc |
No change
2,300
|
$523,000 | 0.29% |
| Kimberly-Clark Corp. |
9.49%
4,233
|
$521,000 | 0.29% |
| Avalonbay Communities Inc. |
8.16%
1,989
|
$494,000 | 0.28% |
| CVS Health Corp |
No change
4,805
|
$486,000 | 0.27% |
| NextEra Energy Inc |
No change
4,989
|
$423,000 | 0.24% |
| Conocophillips |
No change
4,000
|
$400,000 | 0.22% |
| Stryker Corp. |
17.82%
1,296
|
$347,000 | 0.19% |
| Abbvie Inc |
No change
1,900
|
$308,000 | 0.17% |
| Schlumberger Ltd. |
30.00%
6,999
|
$289,000 | 0.16% |
| Bank New York Mellon Corp. |
No change
5,700
|
$283,000 | 0.16% |
| CSX Corp. |
No change
6,956
|
$260,000 | 0.15% |
| Coca-Cola Co |
No change
4,200
|
$260,000 | 0.15% |
| The Southern Co. |
No change
3,250
|
$236,000 | 0.13% |
| Dover Corp. |
No change
1,500
|
$235,000 | 0.13% |
| Cintas Corporation |
No change
550
|
$234,000 | 0.13% |
| Unilever Plc Adr |
No change
5,037
|
$230,000 | 0.13% |
| Caterpillar Inc. |
No change
1,016
|
$226,000 | 0.13% |
| Northway Financial |
Opened
5,970
|
$215,000 | 0.12% |
| Rockwell Automation Inc |
No change
755
|
$211,000 | 0.12% |
| At & T Corp. |
4.97%
8,808
|
$208,000 | 0.12% |
| Parker-Hannifin Corp. |
Closed
650
|
$207,000 | |
| General Mills, Inc. |
No change
2,970
|
$201,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 72 holdings | |||
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