# SALEM INVESTMENT COUNSELORS INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 884423. Source: https://holderbook.com/funds/884423-salem-investment-counselors-inc/

- Reported value: $4.0B
- Positions: 1,244
- Weight of the ten largest: 45.6%
- Filed: 2026-07-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $307.9M | 1,396,306 | 7.6% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $274.8M | 1,373,183 | 6.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $270.1M | 933,415 | 6.7% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $205.5M | 178,055 | 5.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $174.4M | 493,678 | 4.3% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $152.2M | 261,958 | 3.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $148.4M | 397,731 | 3.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $115.6M | 484,893 | 2.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $95.1M | 266,024 | 2.4% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $94.7M | 78,924 | 2.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $89.2M | 158,362 | 2.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $86.7M | 173,198 | 2.1% | 31 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $86.4M | 178,908 | 2.1% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $79.4M | 242,447 | 2.0% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $64.4M | 552,123 | 1.6% | 17 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $64.0M | 1,122,942 | 1.6% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $51.9M | 48,741 | 1.3% | 31 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $51.5M | 643,035 | 1.3% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $44.8M | 176,284 | 1.1% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $41.7M | 219,752 | 1.0% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $38.9M | 287,078 | 1.0% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $38.8M | 130,333 | 1.0% | 21 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $38.4M | 80,280 | 1.0% | 23 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $36.7M | 323,807 | 0.9% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $33.3M | 132,322 | 0.8% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $31.5M | 268,350 | 0.8% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $28.8M | 84,026 | 0.7% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $28.2M | 957,478 | 0.7% | 29 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $28.2M | 2,108,268 | 0.7% | 17 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $26.0M | 562,063 | 0.6% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $25.2M | 63,439 | 0.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $23.7M | 642,681 | 0.6% | 29 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $23.7M | 269,167 | 0.6% | 29 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $23.4M | 258,916 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $23.0M | 24,613 | 0.6% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $22.8M | 176,330 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $22.7M | 74,861 | 0.6% | 29 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $22.6M | 280,851 | 0.6% | 29 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $21.8M | 29,172 | 0.5% | 29 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $21.2M | 114,934 | 0.5% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $16.2M | 8,134 | 0.4% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.8M | 101,173 | 0.4% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $14.5M | 34,051 | 0.4% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $14.4M | 53,115 | 0.4% | 31 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $13.9M | 77,554 | 0.3% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $13.0M | 34,431 | 0.3% | 29 |
| BALCHEM CORP | [BCPC](https://holderbook.com/stocks/BCPC/) | $12.9M | 76,345 | 0.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $12.5M | 91,576 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $11.9M | 32,937 | 0.3% | 30 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $11.5M | 180,282 | 0.3% | 14 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $11.5M | 15,063 | 0.3% | 26 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $11.3M | 313,280 | 0.3% | 29 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $11.3M | 82,294 | 0.3% | 31 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $11.2M | 349,040 | 0.3% | 31 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $11.1M | 71,102 | 0.3% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $11.1M | 68,650 | 0.3% | 3 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $10.1M | 106,868 | 0.3% | 31 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $10.0M | 113,251 | 0.2% | 3 |
| UBIQUITI INC | [UI](https://holderbook.com/stocks/UI/) | $9.9M | 18,628 | 0.2% | 28 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $9.7M | 77,154 | 0.2% | 29 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $9.3M | 254,293 | 0.2% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $9.2M | 73,570 | 0.2% | 31 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $8.9M | 16,916 | 0.2% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $8.8M | 43,922 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $8.7M | 17,376 | 0.2% | 30 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $8.7M | 160,004 | 0.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $8.7M | 105,989 | 0.2% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $8.6M | 61,527 | 0.2% | 31 |
| KB HOME | [KBH](https://holderbook.com/stocks/KBH/) | $8.4M | 135,005 | 0.2% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $8.3M | 23,451 | 0.2% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $8.2M | 74,321 | 0.2% | 29 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $8.1M | 188,810 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.0M | 11,668 | 0.2% | 29 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $7.9M | 16,178 | 0.2% | 26 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $7.9M | 46,497 | 0.2% | 2 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $7.5M | 151,238 | 0.2% | 27 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $7.5M | 44,525 | 0.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $7.5M | 10 | 0.2% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $7.5M | 9,978 | 0.2% | 29 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $7.4M | 26,932 | 0.2% | 6 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $7.3M | 23,370 | 0.2% | 30 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $7.3M | 383,381 | 0.2% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $7.2M | 16,764 | 0.2% | 29 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $6.8M | 422,556 | 0.2% | 17 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $6.6M | 6,558 | 0.2% | 31 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $6.6M | 13,037 | 0.2% | 29 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $6.5M | 31,273 | 0.2% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $6.5M | 29,288 | 0.2% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $6.4M | 2,826 | 0.2% | 2 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $6.4M | 69,705 | 0.2% | 31 |
| SONOCO PRODS CO | [SON](https://holderbook.com/stocks/SON/) | $6.0M | 107,312 | 0.1% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $6.0M | 103,449 | 0.1% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $6.0M | 68,034 | 0.1% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $5.9M | 24,956 | 0.1% | 29 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $5.6M | 61,261 | 0.1% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $5.5M | 16,073 | 0.1% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.4M | 32,388 | 0.1% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $5.3M | 21,577 | 0.1% | 31 |
| CARTERS INC | [CRI](https://holderbook.com/stocks/CRI/) | $5.2M | 126,605 | 0.1% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $5.2M | 35,462 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +18.9% | +14.8% | +4.0% | 100% |
| Q1 2026 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2025 | +3.3% | +2.4% | +0.9% | 100% |
| Q3 2025 | +11.2% | +7.8% | +3.4% | 100% |
| Q2 2025 | +9.7% | +10.5% | -0.8% | 100% |
| Q1 2025 | -4.7% | -4.6% | -0.1% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.0% | 100% |
| Q3 2024 | +8.6% | +5.4% | +3.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.0B | 1,244 |
| Q1 2026 | $3.4B | 1,238 |
| Q4 2025 | $3.5B | 391 |
| Q3 2025 | $3.5B | 1,214 |
| Q2 2025 | $3.2B | 1,170 |
| Q1 2025 | $2.9B | 1,219 |
| Q4 2024 | $3.0B | 1,203 |
| Q3 2024 | $3.3B | 1,187 |
| Q2 2024 | $3.1B | 1,165 |
| Q1 2024 | $3.0B | 1,171 |
| Q4 2023 | $2.9B | 1,109 |
| Q3 2023 | $2.6B | 1,100 |