SALEM INVESTMENT COUNSELORS INC
Sector Allocation
- Technology48.9%$2.0B
- Consumer Discretionary11.0%$442.3M
- Financials9.2%$368.5M
- Healthcare9.0%$360.1M
- Other7.9%$317.1M
- Industrials5.4%$215.5M
- Consumer Staples3.5%$142.6M
- Energy2.1%$86.5M
- Materials1.8%$71.7M
- Utilities0.7%$26.2M
AUM History
13fpro.ai/research/fund/salem-investment-counselors-inc-884423
Conviction and streaks
Concentrating · top 10 = 47.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
NVDA
$311.9MAAPL
$309.3MLOW
$257.3MMSFT
$205.9MMU
$183.9MGOOG
$167.2MAMD
$153.3MAMZN
$120.7MMETA
$114.2MPLTR
$92.8MLLY
$91.3MGOOGL
$88.4MBRK.B
$85.7MJPM
$80.3MBAC
$61.8MALAB
$55.1MJNJ
$46.9MGRBK
$43.0MRTX
$40.7MPEP
$39.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/salem-investment-counselors-inc-884423
SALEM INVESTMENT COUNSELORS INC 13F holdings — Q3 2026
$4.0B portfolio (-0.5% QoQ) · 412 holdings · Q3 2026 13F · top 10 are 48% of the stock portfolio
$311.9M
7.8% of stocks
-0.6%This quarter-5.5%Since filed5+ qtrsHeld$309.3M
7.7% of stocks
-0.5%This quarter+0.8%Since filed2 qtrsHeld$257.3M
6.4% of stocks
-0.0%This quarter+5.0%Since filed5+ qtrsHeld$205.9M
5.1% of stocks
+0.9%This quarter-2.0%Since filed5+ qtrsHeld$183.9M
4.6% of stocks
-3%This quarter-5.2%Since filed5+ qtrsHeld$167.2M
4.2% of stocks
-0.6%This quarter-10.1%Since filed5+ qtrsHeld$153.3M
3.8% of stocks
-4%This quarter-12.3%Since filed2 qtrsHeld$120.7M
3.0% of stocks
-0.1%This quarter-3.7%Since filed2 qtrsHeld$114.2M
2.8% of stocks
-0.5%This quarter-17.3%Since filed5+ qtrsHeld$92.8M
2.3% of stocks
-10%This quarter-4.7%Since filed5+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row
All holdings — SALEM INVESTMENT COUNSELORS INC (Q3 2026)
412 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | ELI LILLY & Co | Healthcare | $91.3M | 2.3% | 79K | -0.0% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Alphabet Inc. | Technology | $88.4M | 2.2% | 257K | -3% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | BERKSHIRE HATHAWAY INC | Financials | $85.7M | 2.1% | 172K | -0.6% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | JPMORGAN CHASE & CO | Financials | $80.3M | 2.0% | 243K | +0.1% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | BANK OF AMERICA CORP /DE/ | Financials | $61.8M | 1.5% | 1.14M | +1% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Astera Labs, Inc. | Technology | $55.1M | 1.4% | 155K | -14% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | JOHNSON & JOHNSON | Healthcare | $46.9M | 1.2% | 177K | +0.6% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Green Brick Partners, Inc. | Industrials | $43.0M | 1.1% | 650K | +1% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | RTX Corp | Industrials | $40.7M | 1.0% | 219K | -0.2% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | PEPSICO INC | Consumer Staples | $39.9M | 1.0% | 315K | +10% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CATERPILLAR INC | Industrials | $39.5M | 1.0% | 49K | +0.1% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | AbbVie Inc. | Healthcare | $34.9M | 0.9% | 133K | +0.9% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Walmart Inc. | Consumer Staples | $33.8M | 0.8% | 325K | +0.3% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDadr | Technology | $33.6M | 0.8% | 74K | -8% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Marvell Technology, Inc. | Technology | $32.8M | 0.8% | 124K | -5% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $V | VISA INC. | Financials | $31.6M | 0.8% | 88K | +5% | |||
| 27 | $CSCO | CISCO SYSTEMS, INC. | Technology | $29.2M | 0.7% | 271K | +1.0% | |||
| 28 | — | SCHWAB STRATEGIC TR - US LRG CAP ETF | — | $29.1M | 0.7% | 971K | +1% | |||
| 29 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $26.1M | 0.7% | 64K | +1% | |||
| 30 | $SW | Smurfit Westrock plc | Materials | $24.8M | 0.6% | 562K | -0.0% | |||
| 31 | — | VANGUARD WORLD FD - MRNGSTR MEGA CAP | — | $24.7M | 0.6% | 267K | -0.8% | |||
| 32 | $MRK | Merck & Co., Inc. | Healthcare | $24.3M | 0.6% | 166K | -6% | |||
| 33 | $NU | Nu Holdings Ltd. | Financials | $23.5M | 0.6% | 1.86M | -12% | |||
| 34 | — | VANGUARD INDEX FDS - MRNGSTR MID CAP | — | $22.4M | 0.6% | 286K | +2% | |||
| 35 | $SPY | SPDR S&P 500 ETF TRUST | — | $22.3M | 0.6% | 29K | -0.2% | |||
| 36 | — | SCHWAB STRATEGIC TR - US MID-CAP ETF | — | $22.0M | 0.6% | 646K | +0.5% | |||
| 37 | — | VANGUARD INDEX FDS - MRNGSTR SML CAP | — | $21.7M | 0.5% | 76K | +2% | |||
| 38 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $21.6M | 0.5% | 24K | -4% | |||
| 39 | $LEN | LENNAR CORP /NEW/ | Industrials | $21.4M | 0.5% | 263K | +2% | |||
| 40 | $QCOM | QUALCOMM INC/DE | Technology | $21.3M | 0.5% | 116K | +0.7% | |||
| 41 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $16.2M | 0.4% | 61K | +307% | |||
| 42 | $ASML | ASML HOLDING NV | Technology | $15.4M | 0.4% | 8,485 | +4% | |||
| 43 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $15.2M | 0.4% | 94K | +2% | |||
| 44 | $ETN | Eaton Corp plc | Industrials | $15.2M | 0.4% | 35K | +4% | |||
| 45 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $14.6M | 0.4% | 101K | -0.6% | |||
| 46 | $ACN | Accenture plc | Technology | $13.1M | 0.3% | 71K | -3% | |||
| 47 | $AMGN | AMGEN INC | Healthcare | $12.7M | 0.3% | 30K | -8% | |||
| 48 | $ENTG | ENTEGRIS INC | Materials | $12.4M | 0.3% | 81K | +4% | |||
| 49 | $MCD | MCDONALDS CORP | Consumer Discretionary | $12.4M | 0.3% | 54K | +1% | |||
| 50 | $BCPC | BALCHEM CORP | Healthcare | $12.2M | 0.3% | 74K | -3% | |||
| 51 | $AVGO | Broadcom Inc. | Technology | $12.1M | 0.3% | 34K | +0.1% | |||
| 52 | $GEHC | GE HealthCare Technologies Inc. | Healthcare | $12.0M | 0.3% | 184K | +2% | |||
| 53 | $MMM | 3M CO | Healthcare | $11.4M | 0.3% | 70K | +1% | |||
| 54 | $NVS | NOVARTIS AG | Healthcare | $11.1M | 0.3% | 78K | +9% | |||
| 55 | $KMI | KINDER MORGAN, INC. | Energy | $10.7M | 0.3% | 355K | +2% | |||
| 56 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $10.5M | 0.3% | 16K | -11% | |||
| 57 | $UI | Ubiquiti Inc. | Technology | $10.3M | 0.3% | 18K | -2% | |||
| 58 | — | SCHWAB STRATEGIC TR - US SML CAP ETF | — | $10.1M | 0.3% | 311K | -0.8% | |||
| 59 | $CTAS | CINTAS CORP | Consumer Discretionary | $9.8M | 0.2% | 50K | +8% | |||
| 60 | $AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | $9.4M | 0.2% | 79K | -4% | |||
| 61 | $KO | COCA COLA CO | Consumer Staples | $9.2M | 0.2% | 106K | -0.0% | |||
| 62 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $9.1M | 0.2% | 254K | — | |||
| 63 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $9.0M | 0.2% | 207K | +10% | |||
| 64 | $DELL | Dell Technologies Inc. | Technology | $9.0M | 0.2% | 17K | -0.5% | |||
| 65 | — | ISHARES TR - CORE S&P500 ETF | — | $8.9M | 0.2% | 12K | +17% | |||
| 66 | $RIO | RIO TINTO PLC | Materials | $8.7M | 0.2% | 93K | -13% | |||
| 67 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $8.5M | 0.2% | 44K | -0.2% | |||
| 68 | $PSX | Phillips 66 | Energy | $8.4M | 0.2% | 33K | -26% | |||
| 69 | — | ISHARES TR - RUS MID CAP ETF | — | $8.2M | 0.2% | 77K | +3% | |||
| 70 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $8.1M | 0.2% | 12K | -0.4% | |||
| 71 | $TFC | TRUIST FINANCIAL CORP | Financials | $8.0M | 0.2% | 173K | +14% | |||
| 72 | $HUBB | HUBBELL INC | Technology | $7.9M | 0.2% | 17K | +3% | |||
| 73 | $SOLS | Solstice Advanced Materials Inc. | Healthcare | $7.9M | 0.2% | 140K | +23% | |||
| 74 | $IRM | IRON MOUNTAIN INC | Real Estate | $7.9M | 0.2% | 71K | -8% | |||
| 75 | $ET | Energy Transfer LP | Energy | $7.6M | 0.2% | 383K | +0.0% | |||
| 76 | $INTC | INTEL CORP | Technology | $7.5M | 0.2% | 63K | +2% | |||
| 77 | $PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | $7.5M | 0.2% | 358K | -15% | |||
| 78 | $ENB | ENBRIDGE INC | Energy | $7.5M | 0.2% | 161K | +0.5% | |||
| 79 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $7.5M | 0.2% | 10 | — | |||
| 80 | $TT | Trane Technologies plc | Technology | $7.3M | 0.2% | 16K | — | |||
| 81 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $6.8M | 0.2% | 24K | +2% | |||
| 82 | $FDX | FEDEX CORP | Industrials | $6.8M | 0.2% | 24K | +2% | |||
| 83 | $CVX | CHEVRON CORP | Energy | $6.7M | 0.2% | 33K | +0.9% | |||
| 84 | $NTRA | Natera, Inc. | Healthcare | $6.6M | 0.2% | 16K | -3% | |||
| 85 | $PANW | Palo Alto Networks Inc | Technology | $6.6M | 0.2% | 17K | +4% | |||
| 86 | $NBIS | Nebius Group N.V. | Technology | $6.4M | 0.2% | 27K | -0.0% | |||
| 87 | $KBH | KB HOME | Industrials | $6.2M | 0.1% | 132K | -2% | |||
| 88 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $6.1M | 0.1% | 105K | +2% | |||
| 89 | $GS | GOLDMAN SACHS GROUP INC | Financials | $6.0M | 0.1% | 6,611 | +0.8% | |||
| 90 | $MS | MORGAN STANLEY | Financials | $5.9M | 0.1% | 32K | +1% | |||
| 91 | $ABT | ABBOTT LABORATORIES | Healthcare | $5.9M | 0.1% | 60K | -2% | |||
| 92 | $WM | WASTE MANAGEMENT INC | Utilities | $5.9M | 0.1% | 29K | -2% | |||
| 93 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $5.8M | 0.1% | 68K | -2% | |||
| 94 | — | SCHWAB STRATEGIC TR - US BRD MKT ETF | — | $5.6M | 0.1% | 192K | +52% | |||
| 95 | — | VANGUARD SPECIALIZED FUNDS - DIV APP ETF | — | $5.6M | 0.1% | 24K | -3% | |||
| 96 | $SON | SONOCO PRODUCTS CO | Materials | $5.4M | 0.1% | 110K | +3% | |||
| 97 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $5.3M | 0.1% | 3,079 | +7% | |||
| 98 | $NEE | NEXTERA ENERGY INC | Utilities | $5.2M | 0.1% | 68K | +0.1% | |||
| 99 | $SNDK | Sandisk Corp | Technology | $5.1M | 0.1% | 2,912 | +3% | |||
| 100 | $MTD | METTLER TOLEDO INTERNATIONAL INC/ | Healthcare | $5.0M | 0.1% | 3,300 | — | |||
| 101 | $ORCL | ORACLE CORP | Technology | $4.9M | 0.1% | 36K | +0.5% | |||
| 102 | — | ALPS ETF TR - ALERIAN MLP | — | $4.8M | 0.1% | 93K | +0.8% | |||
| 103 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $4.8M | 0.1% | 22K | +0.7% | |||
| 104 | — | VANGUARD BD INDEX FDS - VANGUARD ULTRA | — | $4.8M | 0.1% | 97K | +1% | |||
| 105 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $4.7M | 0.1% | 6,296 | -0.0% | |||
| 106 | $NVO | NOVO NORDISK A S | Healthcare | $4.5M | 0.1% | 118K | +90% | |||
| 107 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $4.4M | 0.1% | 21K | -0.6% | |||
| 108 | $TROW | PRICE T ROWE GROUP INC | Financials | $4.4M | 0.1% | 42K | -0.2% | |||
| 109 | $PM | Philip Morris International Inc. | Consumer Staples | $4.3M | 0.1% | 23K | -0.9% | |||
| 110 | — | ISHARES TR - RUSSELL 2000 ETF | — | $4.2M | 0.1% | 15K | +12% | |||
| 111 | — | J P MORGAN EXCHANGE TRADED F - ULTRA SHRT ETF | — | $4.2M | 0.1% | 83K | +0.4% | |||
| 112 | $TSLA | Tesla, Inc. | Consumer Discretionary | $4.1M | 0.1% | 12K | -4% | |||
| 113 | — | SCHWAB STRATEGIC TR - INTL EQTY ETF | — | $4.1M | 0.1% | 148K | +1% | |||
| 114 | — | VANGUARD INSTL INDEX FD - 0 3 MO TR BI ETF | — | $4.1M | 0.1% | 54K | -2% | |||
| 115 | $CRI | CARTERS INC | Consumer Discretionary | $4.0M | 0.1% | 126K | -0.2% | |||
| 116 | $IVZ | Invesco Ltd. | Financials | $4.0M | 0.1% | 25K | — | |||
| 117 | $C | CITIGROUP INC | Financials | $3.9M | 0.1% | 30K | -0.6% | |||
| 118 | $QXO | QXO, Inc. | Consumer Discretionary | $3.9M | 0.1% | 333K | +178% | |||
| 119 | $ALSN | Allison Transmission Holdings Inc | Industrials | $3.9M | 0.1% | 34K | -0.2% | |||
| 120 | $DUK | Duke Energy CORP | Utilities | $3.8M | 0.1% | 33K | +4% | |||
| 121 | — | VANGUARD INDEX FDS - MRNGSTR GRWT ETF | — | $3.7M | 0.1% | 42K | +0.5% | |||
| 122 | $APH | AMPHENOL CORP /DE/ | Technology | $3.7M | 0.1% | 44K | +111% | |||
| 123 | $NUE | NUCOR CORP | Materials | $3.7M | 0.1% | 16K | +0.0% | |||
| 124 | — | SCHWAB STRATEGIC TR - INT-TRM U.S TRES | — | $3.6M | 0.1% | 153K | +3% | |||
| 125 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $3.5M | 0.1% | 7,395 | +0.1% | |||
| 126 | $ADBE | ADOBE INC. | Technology | $3.5M | 0.1% | 14K | +2% | |||
| 127 | $HBAN | HUNTINGTON BANCSHARES INC /MD/ | Financials | $3.4M | 0.1% | 222K | +2% | |||
| 128 | $SYY | SYSCO CORP | Consumer Discretionary | $3.4M | 0.1% | 44K | -2% | |||
| 129 | $DY | DYCOM INDUSTRIES INC | Energy | $3.4M | 0.1% | 13K | -3% | |||
| 130 | — | SCHWAB STRATEGIC TR - FUNDAMENTAL INTL | — | $3.3M | 0.1% | 62K | -0.5% | |||
| 131 | $MKL | MARKEL GROUP INC. | Financials | $3.3M | 0.1% | 1,913 | -2% | |||
| 132 | $KMB | KIMBERLY CLARK CORP | Materials | $3.3M | 0.1% | 33K | -0.7% | |||
| 133 | $GE | GENERAL ELECTRIC CO | Industrials | $3.2M | 0.1% | 10K | -0.1% | |||
| 134 | $CVS | CVS HEALTH Corp | Healthcare | $3.2M | 0.1% | 37K | -2% | |||
| 135 | $MDY | SPDR S&P MIDCAP 400 ETF TRUST | — | $3.2M | 0.1% | 4,840 | +15% | |||
| 136 | $INTU | INTUIT INC. | Technology | $3.2M | 0.1% | 12K | +2% | |||
| 137 | $NGVT | Ingevity Corp | Healthcare | $3.2M | 0.1% | 45K | — | |||
| 138 | $ONDS | Ondas Inc. | Technology | $3.1M | 0.1% | 420K | New | |||
| 139 | $NOW | ServiceNow, Inc. | Technology | $3.0M | 0.1% | 23K | +4% | |||
| 140 | $PFE | PFIZER INC | Healthcare | $3.0M | 0.1% | 106K | -1% | |||
| 141 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETF | — | $3.0M | 0.1% | 15K | -0.2% | |||
| 142 | $NEM | NEWMONT Corp /DE/ | Materials | $3.0M | 0.1% | 26K | -1% | |||
| 143 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $3.0M | 0.1% | 8,113 | -20% | |||
| 144 | $HONA | Honeywell Aerospace Inc. | Industrials | $3.0M | 0.1% | 19K | -6% | |||
| 145 | $LH | LABCORP HOLDINGS INC. | Healthcare | $3.0M | 0.1% | 9,605 | — | |||
| 146 | $TXT | TEXTRON INC | Industrials | $2.9M | 0.1% | 38K | -15% | |||
| 147 | $HRI | HERC HOLDINGS INC | Industrials | $2.9M | 0.1% | 23K | -1% | |||
| 148 | — | ISHARES TR - CORE US AGGBD ET | — | $2.8M | 0.1% | 29K | -22% | |||
| 149 | $UNF | UNIFIRST CORP | Consumer Discretionary | $2.7M | 0.1% | 11K | — | |||
| 150 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | — | $2.7M | 0.1% | 16K | — |
What changed in Q3 2026
Against the previous quarter's 13F: 4 new, 141 added to, 151 trimmed, 818 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (141)
$CRWDCrowdStrike Holdings, Inc.+307%
now $16.2M · held 5+ qtrs
$PEPPEPSICO INC+10%
now $39.9M · held 5+ qtrs
$QXOQXO, Inc.+178%
now $3.9M · held 5+ qtrs, 4 adds in a row
$NVONOVO NORDISK A S+90%
now $4.5M · held 5+ qtrs, 3 adds in a row
$APHAMPHENOL CORP /DE/+111%
now $3.7M · held 2 qtrs, 2 adds in a row
- SCHWAB STRATEGIC TR - US BRD MKT ETF+52%
now $5.6M
+135 more in the Excel export
Trimmed (151)
$PLTRPalantir Technologies Inc.-10%
now $92.8M · held 5+ qtrs, 4 trims in a row
$ALABAstera Labs, Inc.-14%
now $55.1M · held 5+ qtrs, 2 trims in a row
$AMDADVANCED MICRO DEVICES INC-4%
now $153.3M · held 2 qtrs
$MUMICRON TECHNOLOGY INC-3%
now $183.9M · held 5+ qtrs, 2 trims in a row
$NUNu Holdings Ltd.-12%
now $23.5M · held 5+ qtrs
$GOOGLAlphabet Inc.-3%
now $88.4M · held 5+ qtrs, 2 trims in a row
+145 more in the Excel export
Holdings by quarter
Every 13F SALEM INVESTMENT COUNSELORS INC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow SALEM INVESTMENT COUNSELORS?
Q3 2026 13F filed with the SEC on Oct 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of SALEM INVESTMENT COUNSELORS's top 20 holdings: 76/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-4.2%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 7% over the last 4
Top 10 weight
48%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
76%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
SALEM INVESTMENT COUNSELORS INC disclosed 412 positions worth $4.0B in its Form 13F-HR for Q3 2026, led by $NVDA (NVIDIA CORP) at 7.8% of the equity portfolio, followed by $AAPL and $LOW. During the quarter the fund opened 4 new positions and exited 818 — including a new stake in $ONDS and a full exit from $FN. The portfolio is most concentrated in Technology (48.9% of disclosed assets). All figures are sourced directly from SALEM INVESTMENT COUNSELORS INC’s Form 13F-HR filing with the SEC under CIK 884423.
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