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SALEM INVESTMENT COUNSELORS INC

POP BOX 25427, WINSTON SALEM, NC 27114-5427 • 3367687230

Q4 2025 · Filed 2026-01-12
Market Value
$3.5B
+1.4%
Holdings
1,190
-42
New Purchases
8
Added To
122
Closed
802
Reduced
160
Top 10 Concentration
48.5%
Turnover
68.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOG 4.45% 3.52% +0.93% $157M
LLY 2.42% 1.76% +0.66% $85M
MU 1.68% 1.06% +0.62% $59M
GOOGL 2.38% 1.93% +0.45% $84M
AMD 1.60% 1.24% +0.36% $56M
MMM 0.31% 0.00% +0.31% $11M
AAPL 7.45% 7.16% +0.29% $262M
ISRG 1.00% 0.79% +0.21% $35M
SOLS 0.14% 0.00% +0.14% $5M
JPM 2.21% 2.08% +0.13% $78M
AMZN 3.15% 3.04% +0.11% $111M
MRK 0.57% 0.46% +0.10% $20M
HUBB 0.21% 0.11% +0.10% $7M
CAT 0.80% 0.71% +0.09% $28M
JNJ 1.05% 0.95% +0.09% $37M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 5.36% 5.95% -0.59% $188M
PLTR 3.23% 3.77% -0.54% $113M
LOW 9.56% 10.09% -0.53% $336M
META 2.93% 3.38% -0.45% $103M
NVDA 7.53% 7.85% -0.32% $265M
ROP 0.00% 0.24% -0.24% $0
GRBK 1.15% 1.38% -0.23% $40M
LEN 0.77% 0.97% -0.20% $27M
HIMS 0.25% 0.43% -0.18% $9M
ALAB 0.86% 1.04% -0.18% $30M
KMB 0.10% 0.25% -0.14% $4M
TROW 0.12% 0.23% -0.11% $4M
EVH 0.00% 0.10% -0.10% $0
ORCL 0.19% 0.28% -0.09% $7M
TERN 0.00% 0.08% -0.08% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 28.7%
Financial Services 18.3%
Consumer Cyclical 16.8%
Communication Services 10.6%
Healthcare 9.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 77 $2.3B 64.5%
Large Cap 653 $1.1B 31.3%
Mid Cap 258 $125M 3.5%
Small Cap 156 $16M 0.4%
Micro Cap 46 $5M 0.1%

Portfolio Analytics

Avg Market Cap
$81.1B
Median Market Cap
$16.3B
Avg P/E
32.0
Median P/E
21.9
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
859
# ETFs / Funds
331

Top Holdings (1,190 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LOW 9.56% 1,394,593 $336M $241.16 -$14M +1,767 +0.1%
2 NVDA 7.53% 1,420,358 $265M $186.50 -$7M -38,270 -2.6%
3 AAPL 7.45% 964,223 $262M $271.86 $14M -11,412 -1.2%
4 MSFT 5.36% 389,632 $188M $483.62 -$18M -8,828 -2.2%
5 GOOG 4.45% 499,301 $157M $313.80 $35M -1,908 -0.4%
6 PLTR 3.23% 638,251 $113M $177.75 -$17M -77,619 -10.8%
7 AMZN 3.15% 480,474 $111M $230.82 $6M +631 +0.1%
8 META 2.93% 156,059 $103M $660.09 -$14M -3,457 -2.2%
9 BRK-B 2.46% 172,058 $86M $502.65 -$395K -755 -0.4%
10 LLY 2.42% 79,255 $85M $1,074.68 $24M -909 -1.1%
11 GOOGL 2.38% 268,004 $84M $313.00 $17M -7,449 -2.7%
12 JPM 2.21% 240,983 $78M $322.22 $6M +12,410 +5.4%
13 BAC 1.76% 1,126,924 $62M $55.00 $3M -7,943 -0.7%
14 MU 1.68% 206,483 $59M $285.52 $22M -12,790 -5.8%
15 AMD 1.60% 263,263 $56M $214.16 $13M -2,520 -0.9%
16 PEP 1.17% 284,874 $41M $144.65 $1M +524 +0.2%
17 GRBK 1.15% 644,772 $40M $62.66 -$8M -3,865 -0.6%
18 RTX 1.15% 219,927 $40M $183.40 $3M -2,687 -1.2%
19 WMT 1.06% 334,890 $37M $111.41 $3M -1,883 -0.6%
20 JNJ 1.05% 177,770 $37M $206.95 $4M -586 -0.3%
21 ISRG 1.00% 61,958 $35M $566.36 $8M +659 +1.1%
22 NU 0.99% 2,087,012 $35M $16.74 $684K -52,440 -2.5%
23 ALAB 0.86% 182,325 $30M $166.36 -$6M -1,403 -0.8%
24 ABBV 0.85% 131,607 $30M $228.49 -$667K -1,147 -0.9%
25 V 0.81% 80,813 $28M $350.71 $1M +1,695 +2.1%
26 CAT 0.80% 49,130 $28M $572.87 $4M -2,120 -4.1%
27 LEN 0.77% 261,972 $27M $102.80 -$7M -4,107 -1.5%
28 SCHX 0.72% 937,188 $25M $26.91 $425K -4,127 -0.4%
29 TSM 0.71% 81,844 $25M $303.99 $238K -6,357 -7.2%
30 MGK 0.64% 54,891 $23M $412.77 $460K -224 -0.4%
31 ACN 0.60% 78,202 $21M $268.30 $2M -204 -0.3%
32 COST 0.59% 24,132 $21M $862.33 -$886K +693 +3.0%
33 CSCO 0.59% 269,373 $21M $77.03 $2M -2,102 -0.8%
34 SPY 0.58% 29,945 $20M $683.57 $713K +356 +1.2%
35 VO 0.58% 70,071 $20M $290.22 -$276K +142 +0.2%
36 MRK 0.57% 188,483 $20M $106.00 $4M -1,165 -0.6%
37 QCOM 0.55% 113,462 $19M $171.05 $436K -579 -0.5%
38 VB 0.55% 74,674 $19M $257.95 $257K +165 +0.2%
39 SCHM 0.54% 634,996 $19M $30.07 $286K +443 +0.1%
40 BSX 0.53% 196,072 $19M $95.35 -$424K +236 +0.1%
41 MCD 0.46% 52,827 $16M $305.63 $154K +204 +0.4%
42 PG 0.42% 103,608 $15M $143.31 -$1M -736 -0.7%
43 GEHC 0.41% 176,452 $14M $82.02 $2M +14,867 +9.2%
44 TFC 0.38% 274,601 $14M $49.21 $1M +1,904 +0.7%
45 BCPC 0.33% 76,345 $12M $153.36 $252K
46 AVGO 0.32% 32,718 $11M $346.10 $678K +449 +1.4%
47 UI 0.31% 20,021 $11M $553.35 -$2M -25 -0.1%
48 MMM 0.31% 68,459 $11M $160.10 +68,459 NEW
49 XOM 0.31% 90,501 $11M $120.34 $1M +3,397 +3.9%
50 COF 0.31% 44,417 $11M $242.36 $1M +1
51 ETN 0.29% 32,471 $10M $318.51 -$2M +608 +1.9%
52 AMGN 0.28% 29,934 $10M $327.31 $2M +1,016 +3.5%
53 ABT 0.28% 77,246 $10M $125.29 -$1M -3,084 -3.8%
54 KMI 0.27% 348,156 $10M $27.49 -$232K +1,900 +0.6%
55 TMO 0.27% 16,460 $10M $579.58 $755K -1,648 -9.1%
56 AEP 0.27% 82,429 $10M $115.31 $881K +5,775 +7.5%
57 MRVL 0.27% 111,010 $9M $84.98 $2M +27,696 +33.2%
58 HIMS 0.25% 267,633 $9M $32.47 -$6M +4,850 +1.9%
59 SCHA 0.25% 304,128 $9M $28.48 $395K +7,842 +2.6%
60 HON 0.24% 43,496 $8M $195.09 -$952K -1,340 -3.0%
61 EPD 0.23% 254,426 $8M $32.06 $379K +5,682 +2.3%
62 HD 0.23% 23,299 $8M $344.11 -$1M +66 +0.3%
63 RIO 0.23% 99,483 $8M $80.03 $2M +4,570 +4.8%
64 ASML 0.23% 7,435 $8M $1,069.86 $781K +25 +0.3%
65 KBH 0.22% 138,720 $8M $56.41 -$1M -625 -0.5%
66 ENB 0.22% 159,200 $8M $47.83 -$431K -245 -0.1%
67 BRK-A 0.21% 10 $8M $754,800.00 $6K
68 CRWD 0.21% 16,033 $8M $468.76 -$584K -484 -2.9%
69 IVV 0.21% 10,937 $7M $684.97 $91K -120 -1.1%
70 HUBB 0.21% 16,690 $7M $444.11 $3M +7,546 +82.5%
71 KO 0.21% 105,661 $7M $69.91 $228K -1,640 -1.5%
72 VOO 0.21% 11,764 $7M $627.10 -$52K -357 -3.0%
73 IWR 0.21% 75,824 $7M $96.27 -$24K -25 -0.0%
74 ORCL 0.19% 34,766 $7M $194.91 -$3M -160 -0.5%
75 FDX 0.19% 23,292 $7M $290.29 $1M +145 +0.6%
76 WM 0.19% 29,888 $7M $219.71 -$28K +27 +0.1%
77 IRM 0.18% 77,478 $6M $83.09 -$1M +242 +0.3%
78 ET 0.18% 383,301 $6M $16.49 -$280K -1,348 -0.3%
79 TT 0.18% 16,178 $6M $389.20 -$530K
80 GS 0.18% 7,054 $6M $879.00 $583K
81 VIG 0.17% 27,371 $6M $219.78 -$56K -652 -2.3%
82 PBR 0.17% 502,831 $6M $11.86 -$844K -34,715 -6.5%
83 CL 0.17% 75,442 $6M $79.02 -$247K -2,216 -2.9%
84 PSX 0.17% 46,041 $6M $129.04 -$321K
85 TSLA 0.16% 12,473 $6M $449.72 $1M +2,731 +28.0%
86 MDLZ 0.16% 101,728 $6M $54.32 -$747K +2,098 +2.1%
87 MS 0.16% 30,905 $5M $177.53 $624K +314 +1.0%
88 NEE 0.15% 66,839 $5M $80.28 $292K -378 -0.6%
89 ARCC 0.15% 257,855 $5M $20.23 $250K +14,530 +6.0%
90 VUSB 0.14% 102,239 $5M $49.84 $351K +7,333 +7.7%
91 SOLS 0.14% 104,283 $5M $48.58 +104,283 NEW
92 CVX 0.14% 32,424 $5M $152.41 -$41K +339 +1.1%
93 MELI 0.14% 2,399 $5M $2,014.26 -$47K +311 +14.9%
94 MLM 0.13% 7,438 $5M $622.66 -$627K -905 -10.8%
95 SON 0.13% 105,765 $5M $43.64 $195K +3,187 +3.1%
96 MTD 0.13% 3,300 $5M $1,394.19 $550K
97 DY 0.13% 13,332 $5M $337.90 $571K -150 -1.1%
98 VBIL 0.12% 57,672 $4M $75.43 $2M +25,896 +81.5%
99 PNC 0.12% 20,465 $4M $208.73 $139K -104 -0.5%
100 OBDC 0.12% 342,130 $4M $12.45 -$633K -40,395 -10.6%

New Positions

SymbolValue% Port
MMM $11M 0.31%
SOLS $5M 0.14%
AKRE $2M 0.07%
CGUS $836K 0.02%
XHLF $769K 0.02%
MGV $755K 0.02%
Q $333K 0.01%
XONE $303K 0.01%

Sold Out Positions

SymbolValue% Port
AME —%
AHRT —%
BDX —%
EXR —%
EXPD —%
ALB —%
HRB —%
GDV —%
NFG —%
AP —%
PDI —%
UNFI —%
CSV —%
AR —%
LYV —%
View SEC EDGAR Filings for SALEM INVESTMENT COUNSELORS INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms