Salem Media Group Inc. (SALM)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Mink Brook Asset Management Llc	527,004	$279,312	0.29%
2.	Ameriflex Group, Inc.	15,800	$8,374	0%
3.	Psi Advisors, Llc	2,000	$1,060	0%
4.	Proequities, Inc.PUT	0	$0	0%
5.	Proequities, Inc.CALL	0	$0	0%