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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
LOW icon
1
Lowe's Companies
LOW
$123B
$561M 18.41%
2,200,879
-1,250,788
-36% -$288M
AAPL icon
2
Apple
AAPL
$4.45T
$174M 5.72%
1,015,952
-1,748
-0.2% -$318K
MSFT icon
3
Microsoft
MSFT
$3.75T
$170M 5.59%
404,978
+1,854
+0.5% +$751K
NVDA icon
4
NVIDIA
NVDA
$5.41T
$148M 4.87%
1,639,840
+16,820
+1% +$1.22M
AMZN icon
5
Amazon
AMZN
$2.96T
$85.5M 2.81%
474,053
+5,610
+1% +$936K
META icon
6
Meta Platforms (Facebook)
META
$1.52T
$81.3M 2.67%
167,514
+626
+0.4% +$279K
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.33T
$77.1M 2.53%
506,561
+1,730
+0.3% +$250K
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.15T
$74.8M 2.46%
177,929
+3,264
+2% +$1.28M
LLY icon
9
Eli Lilly
LLY
$1.07T
$56.3M 1.85%
72,338
+1,961
+3% +$1.4M
PEP icon
10
PepsiCo
PEP
$188B
$52.1M 1.71%
296,098
+7,304
+3% +$1.23M
LEN icon
11
Lennar Class A
LEN
$20.9B
$47.1M 1.55%
282,957
+2,598
+0.9% +$390K
JPM icon
12
JPMorgan Chase
JPM
$952B
$46.3M 1.52%
231,388
+4,402
+2% +$794K
GRBK icon
13
Green Brick Partners
GRBK
$3.1B
$44.4M 1.46%
737,138
+12,035
+2% +$645K
BAC icon
14
Bank of America
BAC
$444B
$44.3M 1.45%
1,168,247
+2,439
+0.2% +$83.7K
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$4.34T
$43.2M 1.42%
286,267
+8,674
+3% +$1.24M
MU icon
16
Micron Technology
MU
$979B
$42.4M 1.39%
359,608
-2,823
-0.8% -$256K
PLTR icon
17
Palantir
PLTR
$418B
$39.4M 1.29%
1,711,203
+69,211
+4% +$1.47M
MRK icon
18
Merck
MRK
$319B
$33.1M 1.09%
249,892
+5,302
+2% +$654K
WRK
19
DELISTED
WestRock Company
WRK
$29.7M 0.98%
600,682
– –
ACN icon
20
Accenture
ACN
$107B
$29.4M 0.97%
84,839
+713
+0.8% +$260K
AMD icon
21
Advanced Micro Devices
AMD
$771B
$28.5M 0.94%
157,816
+9,061
+6% +$1.58M
JNJ icon
22
Johnson & Johnson
JNJ
$626B
$28.2M 0.93%
178,529
+4,050
+2% +$645K
NU icon
23
Nu Holdings
NU
$66.9B
$27.5M 0.9%
2,303,930
+151,180
+7% +$1.54M
ISRG icon
24
Intuitive Surgical
ISRG
$134B
$24.4M 0.8%
61,025
+1,837
+3% +$694K
ABBV icon
25
AbbVie
ABBV
$435B
$23.1M 0.76%
126,962
+749
+0.6% +$129K
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.