SALEM INVESTMENT COUNSELORS INC

CIK

884423

Location

WINSTON-SALEM, NC

Portfolio Value

Small $161,387,994

Diversification

Diversified

Filing Date

Global Rank

#930 / 8,586 ▼ 9

Top Industry

Semiconductors 15.4%

3Y Alpha vs SPY

-1.2%

Period ended 3 months ago

Filed Apr 29, 2026 · 48d

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

+72.9%

SPY

+78.1%

Annualised alpha

-1.2%

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 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%	$24,265,167	31
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

51 positions · $161,387,994 total · Consumer Defensive only · 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 51 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PEP	Pepsico Inc Consumer Defensive	Reduced	284,753	-121	$44,219,293	+8.2%	27.40%
WMT	Walmart Inc. Consumer Defensive	Reduced	333,325	-1,565	$41,425,631	+11.0%	25.67%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	24,622	+490	$24,534,099	+17.9%	15.20%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	101,819	-1,789	$14,706,736	−1.0%	9.11%
KO	Coca Cola Co Consumer Defensive	Added	106,375	+714	$8,089,818	+9.5%	5.01%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	71,242	-4,200	$6,071,955	+1.9%	3.76%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	102,442	+714	$5,904,756	+7.8%	3.66%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	23,252	-163	$3,844,485	+2.4%	2.38%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	35,143	-425	$3,390,245	−5.5%	2.10%
SYY	Sysco Corp Consumer Defensive	Reduced	44,589	-500	$3,180,533	−4.3%	1.97%
MO	Altria Group, Inc. Consumer Defensive	Reduced	26,300	-729	$1,735,537	+11.4%	1.08%
DAR	Darling Ingredients Inc. Consumer Defensive	Held	15,636	0	$967,086	+71.8%	0.60%
FLO	Flowers Foods Inc Consumer Defensive	Added	100,733	+6,500	$820,973	−19.9%	0.51%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	45,302	-401	$781,006	−0.9%	0.48%
TSN	Tyson Foods, Inc. Consumer Defensive	Held	6,912	0	$442,851	+9.3%	0.27%
TGT	Target Corp Consumer Defensive	Held	2,271	0	$275,245	+24.0%	0.17%
GIS	General Mills Inc Consumer Defensive	Held	4,765	0	$177,353	−20.0%	0.11%
CLX	Clorox Co /De/ Consumer Defensive	NEW	1,303	NEW	$135,029	NEW	0.08%
HSY	Hershey Co Consumer Defensive	NEW	645	NEW	$134,089	NEW	0.08%
SJM	J M SMUCKER Co Consumer Defensive	NEW	660	NEW	$63,650	NEW	0.04%
UL	Unilever PLC Consumer Defensive	NEW	1,023	NEW	$58,280	NEW	0.04%
KR	Kroger Co Consumer Defensive	NEW	740	NEW	$53,546	NEW	0.03%
MNST	Monster Beverage Corp Consumer Defensive	NEW	600	NEW	$43,476	NEW	0.03%
GHC	Graham Holdings Co Consumer Defensive	NEW	40	NEW	$42,290	NEW	0.03%
KHC	Kraft Heinz Co Consumer Defensive	NEW	1,341	NEW	$30,159	NEW	0.02%
STZ	Constellation Brands, Inc. Consumer Defensive	NEW	194	NEW	$29,100	NEW	0.02%
DEO	Diageo PLC Consumer Defensive	NEW	376	NEW	$27,993	NEW	0.02%
CPB	CAMPBELL'S Co Consumer Defensive	NEW	1,128	NEW	$25,120	NEW	0.02%
BTI	British American Tobacco p.l.c. Consumer Defensive	NEW	345	NEW	$20,172	NEW	0.01%
COKE	Coca-Cola Consolidated, Inc. Consumer Defensive	NEW	100	NEW	$19,174	NEW	0.01%
CELH	Celsius Holdings, Inc. Consumer Defensive	NEW	453	NEW	$16,072	NEW	0.01%
UVV	Universal Corp /Va/ Consumer Defensive	NEW	300	NEW	$15,810	NEW	0.01%
SAM	Boston Beer Co Inc Consumer Defensive	NEW	60	NEW	$13,824	NEW	0.01%
ABEV	Ambev S.A. Consumer Defensive	NEW	4,151	NEW	$12,120	NEW	0.01%
DG	Dollar General Corp Consumer Defensive	NEW	100	NEW	$11,873	NEW	0.01%
SMPL	Simply Good Foods Co Consumer Defensive	NEW	750	NEW	$10,762	NEW	0.01%
EPC	EDGEWELL PERSONAL CARE Co Consumer Defensive	NEW	500	NEW	$10,670	NEW	0.01%
CAG	Conagra Brands Inc. Consumer Defensive	NEW	621	NEW	$9,762	NEW	0.01%
UTZ	Utz Brands, Inc. Consumer Defensive	NEW	1,000	NEW	$7,920	NEW	0.00%
PFGC	Performance Food Group Co Consumer Defensive	NEW	52	NEW	$4,454	NEW	0.00%
EL	Estee Lauder Companies Inc Consumer Defensive	NEW	62	NEW	$4,449	NEW	0.00%
MICC	Magnum Ice Cream Co N.V. Consumer Defensive	NEW	257	NEW	$3,842	NEW	0.00%
LW	Lamb Weston Holdings, Inc. Consumer Defensive	NEW	87	NEW	$3,676	NEW	0.00%
VFF	Village Farms International, Inc. Consumer Defensive	NEW	1,100	NEW	$3,124	NEW	0.00%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	NEW	109	NEW	$2,869	NEW	0.00%
BUD	Anheuser-Busch InBev SA/NV Consumer Defensive	NEW	41	NEW	$2,844	NEW	0.00%
MKC	Mccormick & Co Inc Consumer Defensive	NEW	55	NEW	$2,774	NEW	0.00%
IMKTA	Ingles Markets Inc Consumer Defensive	NEW	12	NEW	$1,078	NEW	0.00%
TR	Tootsie Roll Industries Inc Consumer Defensive	NEW	8	NEW	$341	NEW	0.00%
OTLY	Oatly Group AB Consumer Defensive	NEW	5	NEW	$50	NEW	0.00%