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SIC

Salem Investment Counselors Portfolio holdings

AUM $4.03B
1-Year Est. Return 61.49%
This Fund
S&P 500
This Quarter Est. Return
+16.3%
1 Year Est. Return
+61.49%
3 Year Est. Return
+158.64%
5 Year Est. Return
+203.54%
10 Year Est. Return
+1,118.52%
AUM
$3.05B
AUM Growth
+$127M
Cap. Flow
-$241M
Cap. Flow %
-7.91%
Top 10 Hldgs %
48.62%
Holding
1,243
New
134
Increased
267
Reduced
242
Closed
74

Top Buys

Rank Stock Value
1
AEP icon
American Electric Power
AEP
+$4.87M
2
EVH icon
Evolent Health
EVH
+$3.54M
3
DNA icon
Ginkgo Bioworks
DNA
+$3.23M
4
GEHC icon
GE HealthCare
GEHC
+$2.97M
5
PNC icon
PNC Financial Services
PNC
+$2.79M

Top Sells

Rank Stock Value
1
LOW icon
Lowe's Companies
LOW
+$288M
2
ABNB icon
Airbnb
ABNB
+$2.33M
3
DFS
Discover Financial Services
DFS
+$2.12M
4
SPLK
Splunk Inc
SPLK
+$1.31M
5
VKTX icon
Viking Therapeutics
VKTX
+$1.24M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.71%
2 Technology 24.54%
3 Healthcare 9.5%
4 Financials 9.49%
5 Communication Services 7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RTX icon
26
RTX Corp
RTX
$300B
$22.8M 0.75%
233,932
+7,670
+3% +$692K
SCHM icon
27
Schwab US Mid-Cap ETF
SCHM
$15.2B
$20.4M 0.67%
752,598
-6,330
-0.8% -$161K
WMT icon
28
Walmart Inc
WMT
$923B
$20.1M 0.66%
332,907
-5,310
-2% -$304K
SCHX icon
29
Schwab US Large- Cap ETF
SCHX
$74.5B
$19.5M 0.64%
940,440
+7,194
+0.8% +$142K
QCOM icon
30
Qualcomm
QCOM
$171B
$19.4M 0.64%
114,348
+323
+0.3% +$49.9K
UNH icon
31
UnitedHealth
UNH
$364B
$19.1M 0.63%
38,702
+2,796
+8% +$1.42M
V icon
32
Visa
V
$671B
$18.3M 0.6%
65,501
+452
+0.7% +$125K
CSCO icon
33
Cisco
CSCO
$488B
$17.7M 0.58%
355,438
+5,252
+1% +$262K
PG icon
34
Procter & Gamble
PG
$335B
$17.6M 0.58%
108,249
+2,684
+3% +$421K
VO icon
35
Vanguard Morningstar Mid-Cap ETF
VO
$110B
$17M 0.56%
272,928
+4,080
+2% +$241K
COST icon
36
Costco
COST
$421B
$17M 0.56%
23,254
+713
+3% +$509K
VB icon
37
Vanguard Morningstar Small-Cap ETF
VB
$83B
$16.4M 0.54%
71,839
+1,769
+3% +$381K
MGK icon
38
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.7B
$15.6M 0.51%
271,330
+525
+0.2% +$29K
CAT icon
39
Caterpillar
CAT
$393B
$15.4M 0.5%
41,936
-219
-0.5% -$70K
MCD icon
40
McDonald's
MCD
$195B
$14.7M 0.48%
52,164
+497
+1% +$145K
BSX icon
41
Boston Scientific
BSX
$74.5B
$14.5M 0.48%
211,218
+23,324
+12% +$1.5M
SPY icon
42
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$14.5M 0.47%
27,543
+141
+0.5% +$70.2K
TSM icon
43
TSMC
TSM
$2.23T
$14.2M 0.47%
104,298
-4,193
-4% -$521K
BCPC
44
Balchem Corp
BCPC
$5.73B
$13.1M 0.43%
84,845
– –
HON icon
45
Honeywell
HON
$74.6B
$12.6M 0.41%
65,088
-711
-1% -$134K
ROP icon
46
Roper Technologies
ROP
$39.1B
$12.6M 0.41%
22,389
+401
+2% +$219K
TFC icon
47
Truist Financial
TFC
$64.3B
$11.7M 0.38%
300,635
-10,690
-3% -$391K
TROW icon
48
T. Rowe Price
TROW
$23.8B
$11M 0.36%
90,359
+136
+0.2% +$15.2K
CVS icon
49
CVS Health
CVS
$121B
$10.8M 0.35%
135,193
-2,360
-2% -$180K
KBH icon
50
KB Home
KBH
$3.42B
$10.6M 0.35%
149,300
+11,925
+9% +$761K
1
2
3 4 5

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Salem Investment Counselors's Q1 2024 Portfolio in Review

As of Q1 2024, Salem Investment Counselors held 1,243 positions worth $3.05B, up 4.4% from $2.92B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Salem Investment Counselors withdrew a net $241M in Q1 2024, closing 74 positions and reducing 242 holdings. Its most notable exit was Splunk Inc, an estimated $1.31M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 35% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Salem Investment Counselors opened a new position in State Street Ultra Short Term Bond ETF worth $886K.

  • Salem Investment Counselors's largest Q1 2024 buy was State Street Ultra Short Term Bond ETF: 21,885 shares worth $886K.
  • Salem Investment Counselors added most to American Electric Power in Q1 2024, an estimated $4.87M increase.
  • Salem Investment Counselors's biggest Q1 2024 reduction was Lowe's Companies, cutting an estimated $288M.
  • Salem Investment Counselors fully exited Splunk Inc in Q1 2024, selling an estimated $1.31M.
  • Salem Investment Counselors's ten largest holdings make up 49% of its $3.05B portfolio in Q1 2024.
  • Salem Investment Counselors opened 134 new positions and closed 74 in Q1 2024.
  • Salem Investment Counselors's portfolio value rose 4.4% quarter-over-quarter to $3.05B.

Based on Salem Investment Counselors's 13F filing for Q1 2024, filed 11 Apr 2024.