SALEM INVESTMENT COUNSELORS INC

CIK

884423

Location

WINSTON-SALEM, NC

Portfolio Value

Mid $2,996,525,562

Diversification

Diversified

Filing Date

Global Rank

#749 / 8,232 ▲ 44

Top Industry

Semiconductors 15.4%

3Y Alpha vs SPY

-1.0%

Period ended 2 months ago

Filed Apr 29, 2026 · 45d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+72.4%

SPY

+76.5%

Annualised alpha

-1.0%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

921 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.0%

+0.2 pts

Top 5

35.4%

−1.9 pts

Top 10

48.9%

−3.4 pts

HHI

367

Diversified−27

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.3%	$1,027,595,425	148
Consumer Cyclical	19.6%	$587,625,317	99
Financial Services	11.3%	$339,810,513	153
Healthcare	9.9%	$296,308,974	116
Industrials	6.5%	$194,843,962	125
Communication Services	6.1%	$181,442,701	40
Consumer Defensive	5.4%	$161,387,994	51
Energy	3.0%	$89,489,136	50
Basic Materials	1.7%	$49,903,975	50
Unclassified	1.0%	$30,500,097	18
Utilities	0.8%	$24,246,317	30
Real Estate	0.4%	$13,371,151	41

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVS	Novartis AG	+63,391	68,728	$10,498,202
NVO	Novo Nordisk A S	+41,513	51,205	$1,881,783
KLAR	Klarna Group plc	+32,980	55,280	$723,615
CPNG	Coupang, Inc.	+32,590	93,830	$1,771,510
NU	Nu Holdings Ltd.	+25,854	2,112,866	$30,361,884
IBIT	iShares Bitcoin Trust ETF	+18,594	77,450	$2,975,629
QXO	QXO, Inc.	+17,785	112,260	$2,180,089
SW	Smurfit Westrock plc	+16,506	570,563	$22,736,935
ADBE	Adobe Inc.	+12,258	13,071	$3,177,298
MRVL	Marvell Technology, Inc.	+9,960	120,970	$11,982,078
HBAN	Huntington Bancshares Inc /Md/	+9,240	207,222	$3,243,024
SMTI	Sanara MedTech Inc.	+8,303	19,200	$329,856
GEHC	GE HealthCare Technologies Inc.	+8,040	184,492	$13,132,140
FLO	Flowers Foods Inc	+6,500	100,733	$820,973
SOLS	Solstice Advanced Materials Inc.	+6,216	110,499	$8,415,603
SVV	Savers Value Village, Inc.	+6,000	24,000	$178,560
RIO	Rio Tinto PLC	+5,654	105,137	$9,808,230
BSX	Boston Scientific Corp	+5,460	201,532	$12,646,133
BAC	Bank Of America Corp /De/	+5,454	1,132,378	$55,203,427
AMZN	Amazon Com Inc	+3,800	484,274	$100,859,745
T	At&T Inc.	+3,518	38,976	$1,129,914
VVX	V2X, Inc.	+3,065	19,869	$1,361,026
ALAB	Astera Labs, Inc.	+2,583	184,908	$20,265,916
FTNT	Fortinet, Inc.	+2,165	10,294	$841,225
WBD	Warner Bros. Discovery, Inc.	+1,891	71,346	$1,959,161
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OBDC	Blue Owl Capital Corp	−314,665	27,465	$303,762
HIMS	Hims & Hers Health, Inc.	−266,608	1,025	$21,279
PLTR	Palantir Technologies Inc.	−58,454	579,797	$84,812,705
DWSN	Dawson Geophysical Co	−51,575	26,225	$90,738
PBR	Petrobras - Petroleo Brasileiro SA	−46,500	456,331	$9,468,868
ARCC	Ares Capital Corp	−34,774	223,081	$4,019,919
NVDA	Nvidia Corp	−29,829	1,390,529	$242,508,257
AVTR	Avantor, Inc.	−19,840	36,022	$282,412
VMD	Viemed Healthcare, Inc.	−19,600	43,507	$400,699
MRK	Merck & Co., Inc.	−12,111	176,372	$21,215,787
XRAY	DENTSPLY SIRONA Inc.	−11,000	1,500	$17,400
MRP	Millrose Properties, Inc.	−10,073	44,993	$1,259,804
AAPL	Apple Inc.	−9,722	954,501	$242,242,808
ABT	Abbott Laboratories	−7,000	70,246	$7,212,156
XYZ	Block, Inc.	−5,742	547	$32,918
GLW	Corning Inc /Ny	−5,150	14,464	$1,966,670
PINS	Pinterest, Inc.	−4,842	76,704	$1,406,751
CL	Colgate Palmolive Co	−4,200	71,242	$6,071,955
CPRT	Copart Inc	−3,501	43,132	$1,431,982
TSCO	Tractor Supply Co /De/	−2,985	4,468	$202,400
GRBK	Green Brick Partners, Inc.	−2,917	641,855	$41,367,554
CRM	Salesforce, Inc.	−2,435	1,554	$290,085
CVS	CVS HEALTH Corp	−2,403	39,945	$2,868,849
ACN	Accenture plc	−2,185	76,017	$15,073,410
KBH	Kb Home	−2,050	136,670	$7,072,672
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CTAS	Cintas Corp	47,329	$8,005,227
PANW	Palo Alto Networks Inc	16,124	$2,584,999
MTZ	Mastec Inc	4,093	$1,316,881
SNDK	Sandisk Corp	1,445	$918,066
KLAC	Kla Corp	385	$566,877
SHEL	Shell plc	3,982	$370,326
PAYC	Paycom Software, Inc.	2,304	$280,028
VLO	Valero Energy Corp/Tx	1,129	$278,953
STX	Seagate Technology Holdings plc	708	$277,366
IAU	Ishares Gold Trust	2,719	$239,707
VVV	Valvoline Inc	6,800	$229,024
KEYS	Keysight Technologies, Inc.	786	$221,942
CTVA	Corteva, Inc.	2,630	$220,157
PRK	Park National Corp /Oh/	1,311	$214,282
BA	Boeing Co	1,062	$211,369
XPO	XPO, Inc.	1,077	$209,530
AZN	Astrazeneca PLC	1,022	$201,558
AGI	Alamos Gold Inc	4,310	$191,493
SLB	Slb Limited/Nv	3,656	$187,881
AEM	Agnico Eagle Mines Ltd	920	$186,741
PSA	Public Storage	679	$183,927
APD	Air Products & Chemicals, Inc.	627	$182,137
EOG	Eog Resources Inc	1,242	$179,555
GILD	Gilead Sciences, Inc.	1,269	$176,860
KGS	Kodiak Gas Services, Inc.	3,000	$174,960
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
WPC	W. P. Carey Inc.	3,181	$204,729
MEI	Methode Electronics Inc	18,000	$119,520
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

921 positions · $2,996,525,562 total · as of Mar 31, 2026

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

Showing 1–50 of 921 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	Reduced	1,394,452	-141	$329,481,118	−2.0%	11.00%
NVDA	Nvidia Corp Technology	Reduced	1,390,529	-29,829	$242,508,257	−8.5%	8.09%
AAPL	Apple Inc. Technology	Reduced	954,501	-9,722	$242,242,808	−7.6%	8.08%
MSFT	Microsoft Corp Technology	Added	391,492	+1,860	$144,918,593	−23.1%	4.84%
AMZN	Amazon Com Inc Consumer Cyclical	Added	484,274	+3,800	$100,859,745	−9.1%	3.37%
META	Meta Platforms, Inc. Communication Services	Added	156,791	+732	$89,704,834	−12.9%	2.99%
PLTR	Palantir Technologies Inc. Technology	Reduced	579,797	-58,454	$84,812,705	−25.2%	2.83%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	171,270	-788	$82,072,584	−5.1%	2.74%
GOOGL	Alphabet Inc. Communication Services	Added	269,075	+1,071	$77,375,207	−7.8%	2.58%
LLY	ELI LILLY & Co Healthcare	Reduced	78,553	-702	$72,250,692	−15.2%	2.41%
JPM	Jpmorgan Chase & Co Financial Services	Added	241,394	+411	$71,008,459	−8.6%	2.37%
MU	Micron Technology Inc Technology	Reduced	205,436	-1,047	$69,404,498	+17.8%	2.32%
BAC	Bank Of America Corp /De/ Financial Services	Added	1,132,378	+5,454	$55,203,427	−10.9%	1.84%
AMD	Advanced Micro Devices Inc Technology	Added	264,965	+1,702	$53,901,829	−4.4%	1.80%
PEP	Pepsico Inc Consumer Defensive	Reduced	284,753	-121	$44,219,293	+8.2%	1.48%
JNJ	Johnson & Johnson Healthcare	Reduced	176,669	-1,101	$43,184,970	+17.4%	1.44%
RTX	RTX Corp Industrials	Added	220,342	+415	$42,503,971	+5.4%	1.42%
WMT	Walmart Inc. Consumer Defensive	Reduced	333,325	-1,565	$41,425,631	+11.0%	1.38%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	Reduced	641,855	-2,917	$41,367,554	+2.4%	1.38%
CAT	Caterpillar Inc Industrials	Reduced	48,922	-208	$34,659,280	+23.1%	1.16%
NU	Nu Holdings Ltd. Financial Services	Added	2,112,866	+25,854	$30,361,884	−13.1%	1.01%
ISRG	Intuitive Surgical Inc Healthcare	Added	62,800	+842	$28,950,172	−17.5%	0.97%
ABBV	AbbVie Inc. Healthcare	Added	131,895	+288	$28,685,843	−4.6%	0.96%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	83,317	+1,473	$28,156,980	+13.2%	0.94%
V	Visa Inc. Financial Services	Added	81,800	+987	$24,723,232	−12.8%	0.83%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	24,622	+490	$24,534,099	+17.9%	0.82%
LEN	Lennar Corp /New/ Consumer Cyclical	Added	262,412	+440	$22,787,858	−15.4%	0.76%
SW	Smurfit Westrock plc Consumer Cyclical	Added	570,563	+16,506	$22,736,935	+6.1%	0.76%
MRK	Merck & Co., Inc. Healthcare	Reduced	176,372	-12,111	$21,215,787	+6.9%	0.71%
CSCO	Cisco Systems, Inc. Technology	Added	269,585	+212	$20,917,100	+0.8%	0.70%
ALAB	Astera Labs, Inc. Technology	Added	184,908	+2,583	$20,265,916	−33.2%	0.68%
SPY	Spdr S&P 500 ETF Trust	Reduced	29,721	-224	$19,328,755	−5.3%	0.65%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	52,679	-148	$16,372,106	+1.4%	0.55%
XOM	Exxon Mobil Corp Energy	Added	90,617	+116	$15,374,080	+41.2%	0.51%
UI	Ubiquiti Inc. Technology	Reduced	19,146	-875	$15,130,892	+36.6%	0.50%
ACN	Accenture plc Technology	Reduced	76,017	-2,185	$15,073,410	−28.2%	0.50%
QCOM	Qualcomm Inc/De Technology	Added	114,343	+881	$14,725,091	−24.1%	0.49%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	101,819	-1,789	$14,706,736	−1.0%	0.49%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	184,492	+8,040	$13,132,140	−9.3%	0.44%
BCPC	Balchem Corp Basic Materials	Held	76,345	0	$12,938,950	+10.5%	0.43%
BSX	Boston Scientific Corp Healthcare	Added	201,532	+5,460	$12,646,133	−32.4%	0.42%
TFC	Truist Financial Corp Financial Services	Reduced	272,825	-1,776	$12,541,765	−7.2%	0.42%
MRVL	Marvell Technology, Inc. Technology	Added	120,970	+9,960	$11,982,078	+27.0%	0.40%
ETN	Eaton Corp plc Industrials	Added	33,301	+830	$11,910,768	+15.2%	0.40%
KMI	Kinder Morgan, Inc. Energy	Reduced	346,971	-1,185	$11,633,937	+21.6%	0.39%
AMGN	Amgen Inc Healthcare	Added	30,709	+775	$10,804,961	+10.3%	0.36%
AEP	American Electric Power Co Inc Utilities	Reduced	81,308	-1,121	$10,657,852	+12.1%	0.36%
NVS	Novartis AG Healthcare	Added	68,728	+63,391	$10,498,202	+1326.8%	0.35%
AVGO	Broadcom Inc. Technology	Added	33,801	+1,083	$10,461,747	−7.6%	0.35%
ASML	Asml Holding NV Technology	Added	7,638	+203	$10,088,499	+26.8%	0.34%