1y return+21.1%S&P 500 +20.9%
3y return+66.8%S&P 500 +68.5%
5y return+66.9%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2016: $325 against $334 in the S&P 500.2
Salem Investment Counselors IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| LOWLowes Cos Inc | $307.9M | 7.6% | |
| NVDANvidia Corporation | $274.8M | 6.8% | −1.2% |
| AAPLApple Inc | $270.1M | 6.7% | −2.2% |
| MUMicron Technology Inc | $205.5M | 5.1% | −13.3% |
| GOOGAlphabet Inc | $174.4M | 4.3% | |
| AMDAdvanced Micro Devices Inc | $152.2M | 3.8% | −1.1% |
| MSFTMicrosoft Corp | $148.4M | 3.7% | +1.6% |
| AMZNAmazon Com Inc | $115.6M | 2.9% | |
| GOOGLAlphabet Inc | $95.1M | 2.4% | −1.1% |
| LLYEli Lilly & Co | $94.7M | 2.3% | |
| METAMeta Platforms Inc | $89.2M | 2.2% | +1.0% |
| BRK/BBerkshire Hathaway Inc Del | $86.7M | 2.1% | +1.1% |
| ALABAstera Labs Inc | $86.4M | 2.1% | −3.2% |
| JPMJpmorgan Chase & Co | $79.4M | 2.0% | |
| PLTRPalantir Technologies Inc | $64.4M | 1.6% | −4.8% |
| BACBank Of Amer Corp | $64.0M | 1.6% | |
| CATCaterpillar Inc | $51.9M | 1.3% | |
| GRBKGreen Brick Partners Inc | $51.5M | 1.3% | |
| JNJJohnson & Johnson | $44.8M | 1.1% | |
| RTXRtx Corporation | $41.7M | 1.0% | |
| PEPPepsico Inc | $38.9M | 1.0% | |
| MRVLMarvell Technology Inc | $38.8M | 1.0% | +7.7% |
| TSMTaiwan Semiconductor Manufac | $38.4M | 1.0% | −3.6% |
| WMTWalmart Inc | $36.7M | 0.9% | −2.9% |
| ABBVAbbvie Inc | $33.3M | 0.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $274.8M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $152.2M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $51.9M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $94.7M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $95.1M |
| PLTRPalantir Technologies Inc | March 31, 2021 | +401.0% | $64.4M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $174.4M |
| GRBKGreen Brick Partners Inc | September 30, 2020 | +397.1% | $51.5M |
| TSMTaiwan Semiconductor Manufac | December 31, 2020 | +338.0% | $38.4M |
| Nu Hldgs LtdCUSIP G6683N103 | June 30, 2022 | +257.2% | $28.2M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $9.7M
- Dupont De Nemours IncCUSIP 26614N102 was $402K
- VXXBarclays Bank PLC was $178K
- APYXApyx Medical Corporation was $168K
- Carnival CorpCUSIP 143658300 was $159K
- SNWVSanuwave Health Inc was $140K
- CTRACoterra Energy Inc was $91K
- BILSpdr Series Trust was $60K
- UDRUdr Inc was $46K
- ECNSIshares Tr was $44K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.1% | +14.8% |
| March 31, 2026 | −4.8% | −4.6% |
| December 31, 2025 | +3.0% | +2.4% |
| September 30, 2025 | +11.2% | +7.8% |
| June 30, 2025 | +9.7% | +10.5% |
| March 31, 2025 | −4.7% | −4.6% |
| December 31, 2024 | +0.1% | +2.1% |
| September 30, 2024 | +8.2% | +5.4% |
| June 30, 2024 | +2.0% | +4.0% |
| March 31, 2024 | +13.5% | +10.0% |
| December 31, 2023 | +10.8% | +11.2% |
| September 30, 2023 | −5.0% | −3.6% |
| June 30, 2023 | +11.6% | +8.3% |
| March 31, 2023 | +6.1% | +7.0% |
| December 31, 2022 | +6.0% | +7.1% |
| September 30, 2022 | −2.2% | −5.3% |
| June 30, 2022 | −16.2% | −16.5% |
| March 31, 2022 | −10.9% | −4.9% |
| December 31, 2021 | +10.9% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Salem Investment Counselors Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=884423&type=13F-HR&dateb=&owner=include&count=40CIK 884423
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/884423/000142050626001221/Filed July 14, 2026 · accession 0001420506-26-001221