SALEM INVESTMENT COUNSELORS INC

CIK

884423

Location

WINSTON-SALEM, NC

Portfolio Value

Mid $3,537,440,738

Diversification

Diversified

Filing Date

Global Rank

#37 / 1,060 ▲ 892

Top Industry

Semiconductors 24.1%

3Y Alpha vs SPY

-1.1%

Period ended 16 days ago

Filed Jul 14, 2026 · 2d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+69.3%

SPY

+73.9%

Annualised alpha

-1.1%

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

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
ODV	Osisko Development Corp.	+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%