SALEM INVESTMENT COUNSELORS INC

Registered adviser

CIK

884423

Location

WINSTON-SALEM, NC

Portfolio Value

Mid $3,996,883,944

Diversification

Diversified

Filing Date

Global Rank

#1,026 / 8,818 ▲ 11 · as of Jun 2026

Top Industry

Semiconductors 22.1%

Period ended 28 days ago

Filed Oct 13, 2026 · 15d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 104855

Roster of Oct 1, 2026

Regulatory AUM

$4,188,070,791

Main clients

Individuals and high net worth (90% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$4,188,070,791	Individuals and high net worth (90%)
Apr 2025 to Mar 2026	$3,844,773,011	Individuals and high net worth (90%)
Apr 2024 to Mar 2025	$3,614,716,454	Individuals and high net worth (92%)
May 2023 to Mar 2024	$2,995,104,546	Individuals and high net worth (97%)
Apr 2023	$2,995,104,546	Individuals and high net worth (97%)
Apr 2022 to Mar 2023	$3,500,685,568	Individuals and high net worth (97%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 48.0%, 32.0 effective positions, active share 45.3% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

6.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.9 quarters (12+), a floor since 82.8% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 45.3%; sector active share 17.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

412 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

7.8%

+0.2 pts

Top 5

33.5%

+0.6 pts

Top 10

50.2%

+2.2 pts

HHI

332

Diversified+19

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	39.5%	$1,579,196,359	50
Consumer Cyclical	13.2%	$526,588,474	31
Communication Services	9.6%	$385,287,405	12
Financial Services	9.1%	$362,424,989	48
Healthcare	8.2%	$328,585,321	40
Unclassified	7.8%	$313,222,301	110
Industrials	5.0%	$199,453,823	54
Consumer Defensive	3.7%	$148,015,870	16
Energy	1.9%	$75,476,982	20
Basic Materials	1.2%	$46,535,418	18
Utilities	0.5%	$20,339,818	7
Real Estate	0.3%	$11,757,184	6

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
QXO	QXO, Inc.	+213,150	332,955	$3,892,243
SCHB	Schwab U.S. Broad Market ETF	+65,847	192,438	$5,640,357
NVO	Novo Nordisk A S	+55,853	117,692	$4,461,703
CRWD	CrowdStrike Holdings, Inc.	+46,214	61,277	$16,223,085
PEP	Pepsico Inc	+27,626	314,704	$39,879,290
SOLS	Solstice Advanced Materials Inc.	+26,266	139,517	$7,857,597
APH	Amphenol Corp	+23,114	43,935	$3,703,720
TFC	Truist Financial Corp	+21,549	172,787	$8,000,038
JPIE	JPMorgan Income ETF	+20,911	32,411	$1,454,929
BSX	Boston Scientific Corp	+18,381	207,191	$9,043,887
VMD	Viemed Healthcare, Inc.	+18,000	75,982	$691,436
SCHX	Schwab U.S. Large-Cap ETF	+13,724	971,202	$29,136,060
BAC	Bank Of America Corp	+12,972	1,135,914	$61,827,799
SCHP	Schwab U.S. TIPS ETF	+8,205	9,419	$236,699
NVS	Novartis AG	+6,666	77,768	$11,087,383
GRBK	Green Brick Partners, Inc.	+6,653	649,688	$42,950,873
DERM	Journey Medical Corp	+6,119	35,319	$241,581
KMI	Kinder Morgan, Inc.	+5,772	354,812	$10,697,581
VO	VANGUARD MID-CAP INDEX FUND	+5,007	285,858	$22,416,984
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+4,783	153,290	$3,632,973
HBAN	Huntington Bancshares Inc	+4,185	222,212	$3,390,955
LEN	Lennar Corp	+3,972	262,888	$21,449,031
GEHC	GE HealthCare Technologies Inc.	+3,948	184,230	$12,043,115
V	Visa Inc.	+3,897	87,923	$31,593,371
CTAS	Cintas Corp	+3,756	50,253	$9,802,350
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	−250,742	1,857,526	$23,516,279
ARCC	Ares Capital Corp	−106,005	90,066	$1,720,260
CAI	Caris Life Sciences, Inc.	−85,000	15,000	$459,450
PBR	Petrobras - Petroleo Brasileiro SA	−64,111	358,445	$7,480,747
CPNG	Coupang, Inc.	−56,985	22,095	$306,457
PLTR	Palantir Technologies Inc.	−56,121	496,002	$92,777,174
PSUS	Pershing Square USA, Ltd.	−54,000	64,875	$2,406,862
IBIT	iShares Bitcoin Trust ETF	−24,520	52,480	$2,484,403
ALAB	Astera Labs, Inc.	−24,185	154,723	$55,076,746
INDI	indie Semiconductor, Inc.	−15,000	26,294	$76,909
RIO	Rio Tinto PLC	−14,308	92,560	$8,716,375
PSX	Phillips 66	−11,586	32,939	$8,409,656
AMD	Advanced Micro Devices Inc	−11,390	250,568	$153,287,479
MRK	Merck & Co., Inc.	−10,058	166,272	$24,160,984
GOOGL	Alphabet Inc.	−9,022	257,002	$88,429,248
OBDC	Blue Owl Capital Corp	−8,565	11,450	$120,110
NVDA	Nvidia Corp	−8,546	1,364,637	$311,655,798
PINS	Pinterest, Inc.	−8,410	42,993	$812,137
AGG	iShares Core U.S. Aggregate Bond ETF	−8,206	29,134	$2,754,328
WST	West Pharmaceutical Services Inc	−6,894	1,610	$596,923
TXT	Textron Inc	−6,784	38,129	$2,905,429
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−6,606	73,674	$33,609,342
IRM	Iron Mountain Inc	−6,368	70,786	$7,853,706
MRVL	Marvell Technology, Inc.	−6,200	124,133	$32,797,179
CPRT	Copart Inc	−5,955	35,366	$964,784
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
ONDS	Ondas Inc.	419,540	$3,075,228
IDR	Idaho Strategic Resources, Inc.	16,100	$450,800
WWD	Woodward, Inc.	1,062	$348,962
SCHO	Schwab Short-Term U.S. Treasury ETF	10,324	$246,330
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FN	Fabrinet	2,858	$1,606,424
KLAC	Kla Corp	4,250	$1,282,267
KLAR	Klarna Group plc	44,955	$909,889
AVTR	Avantor, Inc.	35,072	$347,212
ORI	Old Republic International Corp	6,178	$252,803
EXP	Eagle Materials Inc	1,100	$247,500
—		1,670	$244,504
SMTI	Sanara MedTech Inc.	10,134	$239,061
KGS	Kodiak Gas Services, Inc.	3,000	$225,390
XPO	XPO, Inc.	1,077	$221,097
PSA	Public Storage	679	$216,132
BA	Boeing Co	990	$214,305
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	1,750	$212,485
CINF	Cincinnati Financial Corp	1,143	$211,615
TDY	Teledyne Technologies Inc	317	$211,407
FHN	First Horizon Corp	8,135	$208,581
SOXX	iShares Semiconductor ETF	318	$203,761
TER	Teradyne, Inc	415	$200,793
IJJ	iShares S&P Mid-Cap 400 Value ETF	1,352	$199,730
AZN	Astrazeneca PLC	1,022	$193,791
APD	Air Products & Chemicals, Inc.	627	$183,823
XITK	State Street(R) SPDR(R) FactSet Innovative Technology ETF	935	$183,123
SUN	Sunoco LP	2,666	$179,955
VXUS	Vanguard Total International Stock ETF	2,061	$176,194
CCL	Carnival Corp Ltd.	6,131	$175,162
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

412 tracked positions · $3,996,883,944 total · filing declares 412 positions · $4,014,637,851 · as of Sep 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 412 positions by value · page 1 of 9

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	1,364,637	-8,546	$311,655,798	+13.4%	7.80%
AAPL	Apple Inc. Technology	Reduced	928,683	-4,732	$309,270,012	+14.5%	7.74%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	1,396,230	-76	$257,311,226	−16.4%	6.44%
MSFT	Microsoft Corp Technology	Added	401,376	+3,645	$205,865,750	+38.8%	5.15%
MU	Micron Technology Inc Technology	Reduced	172,686	-5,369	$183,929,585	−10.5%	4.60%
GOOG	Alphabet Inc. Communication Services	Reduced	490,715	-2,963	$167,206,229	−4.1%	4.18%
AMD	Advanced Micro Devices Inc Technology	Reduced	250,568	-11,390	$153,287,479	+0.7%	3.84%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	484,645	-248	$120,749,301	+4.5%	3.02%
META	Meta Platforms, Inc. Communication Services	Reduced	157,498	-864	$114,214,399	+28.0%	2.86%
PLTR	Palantir Technologies Inc. Technology	Reduced	496,002	-56,121	$92,777,174	+44.0%	2.32%
LLY	ELI LILLY & Co Healthcare	Reduced	78,919	-5	$91,315,596	−3.5%	2.28%
GOOGL	Alphabet Inc. Communication Services	Reduced	257,002	-9,022	$88,429,248	−7.0%	2.21%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	172,196	-1,002	$85,744,998	−1.1%	2.15%
JPM	Jpmorgan Chase & Co Financial Services	Added	242,612	+165	$80,263,327	+1.1%	2.01%
BAC	Bank Of America Corp Financial Services	Added	1,135,914	+12,972	$61,827,799	−3.4%	1.55%
ALAB	Astera Labs, Inc. Technology	Reduced	154,723	-24,185	$55,076,746	−36.3%	1.38%
JNJ	Johnson & Johnson Healthcare	Added	177,339	+1,055	$46,948,726	+4.9%	1.17%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	Added	649,688	+6,653	$42,950,873	−16.5%	1.07%
RTX	RTX Corp Industrials	Reduced	219,207	-545	$40,695,779	−2.4%	1.02%
PEP	Pepsico Inc Consumer Defensive	Added	314,704	+27,626	$39,879,290	+2.6%	1.00%
CAT	Caterpillar Inc Industrials	Added	48,774	+33	$39,545,471	−23.8%	0.99%
ABBV	AbbVie Inc. Healthcare	Added	133,470	+1,148	$34,914,417	+4.9%	0.87%
WMT	Walmart Inc. Consumer Defensive	Added	324,878	+1,071	$33,761,321	−7.9%	0.84%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	73,674	-6,606	$33,609,342	−12.3%	0.84%
MRVL	Marvell Technology, Inc. Technology	Reduced	124,133	-6,200	$32,797,179	−15.5%	0.82%
V	Visa Inc. Financial Services	Added	87,923	+3,897	$31,593,371	+9.6%	0.79%
CSCO	Cisco Systems, Inc. Technology	Added	271,027	+2,677	$29,170,636	−7.5%	0.73%
SCHX	Schwab U.S. Large-Cap ETF	Added	971,202	+13,724	$29,136,060	+3.4%	0.73%
ISRG	Intuitive Surgical Inc Healthcare	Added	64,200	+761	$26,105,646	+3.5%	0.65%
SW	Smurfit Westrock plc Consumer Cyclical	Reduced	561,957	-106	$24,782,303	−4.7%	0.62%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Reduced	266,935	-2,232	$24,731,527	+4.5%	0.62%
MRK	Merck & Co., Inc. Healthcare	Reduced	166,272	-10,058	$24,160,984	+6.6%	0.60%
NU	Nu Holdings Ltd. Financial Services	Reduced	1,857,526	-250,742	$23,516,279	−16.5%	0.59%
VO	VANGUARD MID-CAP INDEX FUND	Added	285,858	+5,007	$22,416,984	−0.9%	0.56%
SPY	Spdr S&P 500 ETF Trust	Reduced	29,128	-44	$22,213,886	+2.0%	0.56%
SCHM	Schwab U.S. Mid-Cap ETF	Added	645,893	+3,212	$21,973,279	−7.3%	0.55%
VB	Vanguard Index Funds	Added	76,294	+1,433	$21,704,880	−4.3%	0.54%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	23,711	-902	$21,585,071	−6.3%	0.54%
LEN	Lennar Corp Consumer Cyclical	Added	262,888	+3,972	$21,449,031	−8.5%	0.54%
QCOM	Qualcomm Inc Technology	Added	115,682	+748	$21,290,115	+0.2%	0.53%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	61,277	+46,214	$16,223,085	+41.1%	0.41%
ASML	Asml Holding NV Technology	Added	8,485	+351	$15,372,019	−5.0%	0.38%
XOM	ExxonMobil Holdings Corp Energy	Added	93,627	+2,051	$15,237,794	+21.7%	0.38%
ETN	Eaton Corp plc Industrials	Added	35,391	+1,340	$15,207,866	+4.8%	0.38%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	100,554	-619	$14,608,485	−1.5%	0.37%
ACN	Accenture plc Technology	Reduced	71,289	-2,281	$13,072,263	+42.8%	0.33%
AMGN	Amgen Inc Healthcare	Reduced	30,237	-2,700	$12,745,197	+6.9%	0.32%
ENTG	Entegris Inc Technology	Added	80,804	+3,250	$12,448,664	−10.8%	0.31%
MCD	Mcdonalds Corp Consumer Cyclical	Added	53,728	+613	$12,407,944	−13.6%	0.31%
BCPC	Balchem Corp Basic Materials	Reduced	73,845	-2,500	$12,181,471	−5.6%	0.30%

Showing the top 50 of 412 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.