SALEM INVESTMENT COUNSELORS INC

CIK

884423

Location

WINSTON-SALEM, NC

Portfolio Value

Mid $3,537,440,738

Diversification

Diversified

Filing Date

Global Rank

#113 / 2,719 ▲ 815

Top Industry

Semiconductors 24.1%

3Y Alpha vs SPY

-1.3%

Period ended 29 days ago

Filed Jul 14, 2026 · 15d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+64.0%

SPY

+67.5%

Annualised alpha

-0.8%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

922 positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.7%

−2.3 pts

Top 5

34.2%

−1.2 pts

Top 10

49.6%

+0.5 pts

HHI

341

Diversified−26

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	41.5%	$1,469,408,383	154
Consumer Cyclical	16.9%	$596,335,332	98
Financial Services	10.5%	$370,886,454	160
Healthcare	9.2%	$325,114,511	115
Industrials	6.1%	$215,037,724	125
Communication Services	5.7%	$201,491,504	37
Consumer Defensive	4.3%	$153,743,272	51
Energy	2.3%	$80,027,350	48
Basic Materials	1.5%	$51,637,764	47
Unclassified	1.0%	$33,794,223	18
Utilities	0.7%	$24,466,299	29
Real Estate	0.4%	$15,497,922	40

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FLO	Flowers Foods Inc	+254,975	355,708	$2,810,093
ENTG	Entegris Inc	+77,544	77,554	$13,948,862
GPK	Graphic Packaging Holding Co	+28,880	76,989	$813,773
APH	Amphenol Corp /De/	+20,721	20,821	$3,671,158
KNTK	Kinetik Holdings Inc.	+18,000	18,035	$871,811
DERM	Journey Medical Corp	+14,900	29,200	$206,736
VMD	Viemed Healthcare, Inc.	+14,475	57,982	$660,994
HBAN	Huntington Bancshares Inc /Md/	+10,805	218,027	$3,865,618
INTU	Intuit Inc.	+10,723	11,302	$2,949,822
NVO	Novo Nordisk A S	+10,634	61,839	$2,964,561
OGG	Osisko Gold Group Inc.	+10,000	23,900	$58,794
MRVL	Marvell Technology, Inc.	+9,363	130,333	$38,824,897
QXO	QXO, Inc.	+7,545	119,805	$2,070,230
MSFT	Microsoft Corp	+6,239	397,731	$148,361,617
DELL	Dell Technologies Inc.	+4,994	16,764	$7,232,995
KLAC	Kla Corp	+3,865	4,250	$1,282,267
SNPS	Synopsys Inc	+3,591	3,601	$1,606,298
SOLS	Solstice Advanced Materials Inc.	+2,752	113,251	$10,034,038
NVS	Novartis AG	+2,374	71,102	$11,143,105
PEP	Pepsico Inc	+2,325	287,078	$38,870,361
IONQ	IonQ, Inc.	+2,250	2,645	$140,872
AMGN	Amgen Inc	+2,228	32,937	$11,927,146
V	Visa Inc.	+2,226	84,026	$28,828,480
KMI	Kinder Morgan, Inc.	+2,069	349,040	$11,158,808
BRK-B	Berkshire Hathaway Inc	+1,928	173,198	$86,666,547
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TFC	Truist Financial Corp	−121,587	151,238	$7,534,677
PBR	Petrobras - Petroleo Brasileiro SA	−33,775	422,556	$6,828,504
PLTR	Palantir Technologies Inc.	−27,674	552,123	$64,416,190
MU	Micron Technology Inc	−27,381	178,055	$205,527,105
ARCC	Ares Capital Corp	−27,010	196,071	$3,633,195
PINS	Pinterest, Inc.	−25,301	51,403	$1,081,005
AAPL	Apple Inc.	−21,086	933,415	$270,092,964
NVDA	Nvidia Corp	−17,346	1,373,183	$274,760,186
MRP	Millrose Properties, Inc.	−15,958	29,035	$872,501
CPNG	Coupang, Inc.	−14,750	79,080	$1,373,619
BSX	Boston Scientific Corp	−12,722	188,810	$8,058,410
KLAR	Klarna Group plc	−10,325	44,955	$909,889
MTA	Metalla Royalty & Streaming Ltd.	−10,000	3,750	$28,537
WMT	Walmart Inc.	−9,518	323,807	$36,674,380
BAC	Bank Of America Corp /De/	−9,436	1,122,942	$63,985,235
VFC	V F Corp	−9,365	12,104	$201,894
SMTI	Sanara MedTech Inc.	−9,066	10,134	$239,061
ABT	Abbott Laboratories	−8,985	61,261	$5,558,823
SW	Smurfit Westrock plc	−8,500	562,063	$26,001,034
CMCSA	Comcast Corp	−7,467	17,344	$425,795
OBDC	Blue Owl Capital Corp	−7,450	20,015	$217,563
LBRT	Liberty Energy Inc.	−7,225	68,195	$1,786,027
SNAP	Snap Inc	−6,770	750	$3,330
LOB	Live Oak Bancshares, Inc.	−6,295	31,910	$1,303,204
ALAB	Astera Labs, Inc.	−6,000	178,908	$86,416,142
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PSUS	Pershing Square USA, Ltd.	118,875	$4,443,547
CAI	Caris Life Sciences, Inc.	100,000	$1,782,000
FDXF	FedEx Freight Holding Company, Inc.	11,417	$1,723,967
PS	Pershing Square Inc.	25,520	$838,587
GLAS	Glass House Brands Inc.	51,133	$664,729
CCC	CCC Intelligent Solutions Holdings Inc.	66,325	$342,237
WPC	W. P. Carey Inc.	3,093	$221,149
TTE	TotalEnergies SE	1,013	$78,770
ELMT	Elmet Group Co.	2,500	$49,350
EGO	Eldorado Gold Corp /Fi	1,353	$42,064
LNG	Cheniere Energy, Inc.	163	$38,958
THC	Tenet Healthcare Corp	200	$37,416
AGNC	AGNC Investment Corp.	3,000	$32,700
FSCO	FS Credit Opportunities Corp.	5,000	$24,950
AMTM	Amentum Holdings, Inc.	1,082	$22,364
DVA	Davita Inc.	72	$16,018
DDOG	Datadog, Inc.	47	$12,236
RLTY	Cohen & Steers Real Estate Opportunities & Income Fund	600	$9,444
THQ	abrdn Healthcare Opportunities Fund	500	$9,365
PCN	Pimco Corporate & Income Strategy Fund	700	$8,365
FICO	Fair Isaac Corp	6	$7,168
ASGI	abrdn Global Infrastructure Income Fund	300	$6,975
AMKR	Amkor Technology, Inc.	75	$6,467
LSCC	Lattice Semiconductor Corp	40	$6,118
AVAV	AeroVironment Inc	35	$5,777
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
HON	Honeywell International Inc	42,709	$10,124,296
DD	DuPont de Nemours, Inc.	8,782	$1,206,646
APYX	Apyx Medical Corp	45,500	$167,895
SNWV	SANUWAVE Health, Inc.	8,100	$140,049
CTRA	Coterra Energy Inc.	2,580	$90,661
UDR	UDR, Inc.	1,349	$45,569
HOLX	HOLOGIC INC	516	$39,004
VALE	Vale S.A.	2,000	$31,820
AL	SUMISHO AIR LEASE CORP	400	$25,976
LDOS	Leidos Holdings, Inc.	107	$16,640
MAIN	Main Street Capital CORP	275	$14,564
OS	OneStream, Inc.	500	$12,000
HAPN	Happen, Inc.	575	$8,234
OVV	Ovintiv Inc.	111	$6,588
QURE	uniQure N.V.	300	$4,905
BST	BlackRock Science & Technology Trust	125	$4,543
CWEN	Clearway Energy, Inc.	108	$4,243
ALLE	Allegion plc	28	$4,068
HUM	Humana Inc	19	$3,294
HRZN	Horizon Technology Finance Corp	700	$2,947
APP	AppLovin Corp	7	$2,786
PKST	Peakstone Realty Trust	124	$2,590
VLTO	Veralto Corp	29	$2,564
LEU	Centrus Energy Corp	10	$1,735
GLXY	Galaxy Digital Inc.	50	$922
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

922 positions · $3,537,440,738 total · as of Jun 30, 2026

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

Showing 1–50 of 922 positions by value · page 1 of 19

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LOW	Lowes Companies Inc Consumer Cyclical	Added	1,396,306	+1,854	$307,871,509	−6.6%	8.70%
NVDA	Nvidia Corp Technology	Reduced	1,373,183	-17,346	$274,760,186	+13.3%	7.77%
AAPL	Apple Inc. Technology	Reduced	933,415	-21,086	$270,092,964	+11.5%	7.64%
MU	Micron Technology Inc Technology	Reduced	178,055	-27,381	$205,527,105	+196.1%	5.81%
AMD	Advanced Micro Devices Inc Technology	Reduced	261,958	-3,007	$152,174,021	+182.3%	4.30%
MSFT	Microsoft Corp Technology	Added	397,731	+6,239	$148,361,617	+2.4%	4.19%
AMZN	Amazon Com Inc Consumer Cyclical	Added	484,893	+619	$115,569,397	+14.6%	3.27%
GOOGL	Alphabet Inc. Communication Services	Reduced	266,024	-3,051	$95,068,996	+22.9%	2.69%
LLY	ELI LILLY & Co Healthcare	Added	78,924	+371	$94,663,821	+31.0%	2.68%
META	Meta Platforms, Inc. Communication Services	Added	158,362	+1,571	$89,203,730	−0.6%	2.52%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	173,198	+1,928	$86,666,547	+5.6%	2.45%
ALAB	Astera Labs, Inc. Technology	Reduced	178,908	-6,000	$86,416,142	+326.4%	2.44%
JPM	Jpmorgan Chase & Co Financial Services	Added	242,447	+1,053	$79,360,176	+11.8%	2.24%
PLTR	Palantir Technologies Inc. Technology	Reduced	552,123	-27,674	$64,416,190	−24.0%	1.82%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	1,122,942	-9,436	$63,985,235	+15.9%	1.81%
CAT	Caterpillar Inc Industrials	Reduced	48,741	-181	$51,904,290	+49.8%	1.47%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	Added	643,035	+1,180	$51,468,521	+24.4%	1.45%
JNJ	Johnson & Johnson Healthcare	Reduced	176,284	-385	$44,770,847	+3.7%	1.27%
RTX	RTX Corp Industrials	Reduced	219,752	-590	$41,693,546	−1.9%	1.18%
PEP	Pepsico Inc Consumer Defensive	Added	287,078	+2,325	$38,870,361	−12.1%	1.10%
MRVL	Marvell Technology, Inc. Technology	Added	130,333	+9,363	$38,824,897	+224.0%	1.10%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	80,280	-3,037	$38,339,319	+36.2%	1.08%
WMT	Walmart Inc. Consumer Defensive	Reduced	323,807	-9,518	$36,674,380	−11.5%	1.04%
ABBV	AbbVie Inc. Healthcare	Added	132,322	+427	$33,297,508	+16.1%	0.94%
CSCO	Cisco Systems, Inc. Technology	Reduced	268,350	-1,235	$31,520,391	+50.7%	0.89%
V	Visa Inc. Financial Services	Added	84,026	+2,226	$28,828,480	+16.6%	0.81%
NU	Nu Holdings Ltd. Financial Services	Reduced	2,108,268	-4,598	$28,166,460	−7.2%	0.80%
SW	Smurfit Westrock plc Consumer Cyclical	Reduced	562,063	-8,500	$26,001,034	+14.4%	0.74%
ISRG	Intuitive Surgical Inc Healthcare	Added	63,439	+639	$25,228,421	−12.9%	0.71%
LEN	Lennar Corp /New/ Consumer Cyclical	Reduced	258,916	-3,496	$23,429,308	+2.8%	0.66%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	24,613	-9	$23,024,723	−6.2%	0.65%
MRK	Merck & Co., Inc. Healthcare	Reduced	176,330	-42	$22,658,405	+6.8%	0.64%
SPY	Spdr S&P 500 ETF Trust	Reduced	29,172	-549	$21,784,774	+12.7%	0.62%
QCOM	Qualcomm Inc/De Technology	Added	114,934	+591	$21,238,653	+44.2%	0.60%
ASML	Asml Holding NV Technology	Added	8,134	+496	$16,182,104	+60.4%	0.46%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	101,173	-646	$14,836,008	+0.9%	0.42%
ETN	Eaton Corp plc Industrials	Added	34,051	+750	$14,509,812	+21.8%	0.41%
MCD	Mcdonalds Corp Consumer Cyclical	Added	53,115	+436	$14,357,515	−12.3%	0.41%
ENTG	Entegris Inc Technology	Added	77,554	+77,544	$13,948,862	+1190075.9%	0.39%
AVGO	Broadcom Inc. Technology	Added	34,431	+630	$13,006,310	+24.3%	0.37%
BCPC	Balchem Corp Basic Materials	Held	76,345	0	$12,898,487	−0.3%	0.36%
XOM	ExxonMobil Holdings Corp Energy	Added	91,576	+959	$12,520,270	−18.6%	0.35%
AMGN	Amgen Inc Healthcare	Added	32,937	+2,228	$11,927,146	+10.4%	0.34%
GEHC	GE HealthCare Technologies Inc. Healthcare	Reduced	180,282	-4,210	$11,539,850	−12.1%	0.33%
AEP	American Electric Power Co Inc Utilities	Added	82,294	+986	$11,258,642	+5.6%	0.32%
KMI	Kinder Morgan, Inc. Energy	Added	349,040	+2,069	$11,158,808	−4.1%	0.32%
NVS	Novartis AG Healthcare	Added	71,102	+2,374	$11,143,105	+6.1%	0.32%
MMM	3M Co Industrials	Added	68,650	+39	$11,115,121	+11.5%	0.31%
RIO	Rio Tinto PLC Basic Materials	Added	106,868	+1,731	$10,144,979	+3.4%	0.29%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Added	113,251	+2,752	$10,034,038	+19.2%	0.28%