Salem Investment Counselors Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 14, 2026), Salem Investment Counselors Inc. reported 1,236 stock positions worth $4.0 billion. Its top holding was Lowe's Cos (LOW) at 7.6% of the portfolio, followed by Nvidia (NVDA, 6.8%) and Apple (AAPL, 6.7%). Compared with Q1 2026, it opened 53 new positions, sold out of 52, added to 188 and reduced 264. The biggest buy was Marvell Technology (MRVL, shares +8%) and the biggest sale Palantir Technologies Class A (PLTR, shares −5%).
- Most Recent 13F
- Q3 2026
- Location
- WINSTON SALEM, NC
- CIK
- 0000884423
- Portfolio Value
- $4.0B (Q2 2026)
- SEC Filing
- 0001420506-26-001221 ↗ filed Jul 14, 2026
Holdings Value
Holdings 1,236 stocks · $4.0B
| LOW Lowe's Cos Inc. | 7.63% | 1,396,306 | $307.9M | Add +0.1% |
| NVDA Nvidia Corp. | 6.81% | 1,373,183 | $274.8M | Reduce -1.3% |
| AAPL Apple Inc. | 6.70% | 933,415 | $270.1M | Reduce -2.2% |
| MU Micron Technology Inc. | 5.10% | 178,055 | $205.5M | Reduce -13.3% |
| GOOG Alphabet Inc. Class C | 4.32% | 493,678 | $174.4M | Reduce -0.4% |
| AMD Advanced Micro Devices | 3.77% | 261,958 | $152.2M | Reduce -1.1% |
| MSFT Microsoft Corp. | 3.68% | 397,731 | $148.4M | Add +1.6% |
| AMZN Amazon.com Inc. | 2.87% | 484,893 | $115.6M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 2.36% | 266,024 | $95.1M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 2.35% | 78,924 | $94.7M | Add +0.5% |
| META Meta Platforms Inc. Class A | 2.21% | 158,362 | $89.2M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.15% | 173,198 | $86.7M | Add +1.1% |
| ALAB Astera Labs Inc. | 2.14% | 178,908 | $86.4M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 1.97% | 242,447 | $79.4M | Add +0.4% |
| PLTR Palantir Technologies Inc. Class A | 1.60% | 552,123 | $64.4M | Reduce -4.8% |
| BAC Bank of America Corp. | 1.59% | 1,122,942 | $64.0M | Reduce -0.8% |
| CAT Caterpillar Inc. | 1.29% | 48,741 | $51.9M | Reduce -0.4% |
| GRBK Green Brick Partners Inc. | 1.28% | 643,035 | $51.5M | Add +0.2% |
| JNJ Johnson & Johnson | 1.11% | 176,284 | $44.8M | Reduce -0.2% |
| RTX RTX Corp. | 1.03% | 219,752 | $41.7M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.96% | 287,078 | $38.9M | Add +0.8% |
| MRVL Marvell Technology Inc. | 0.96% | 130,333 | $38.8M | Add +7.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.95% | 80,280 | $38.4M | Reduce -3.6% |
| WMT Walmart Inc. | 0.91% | 323,807 | $36.7M | Reduce -2.9% |
| ABBV Abbvie Inc. | 0.83% | 132,322 | $33.3M | Add +0.3% |
| CSCO Cisco Systems Inc. | 0.78% | 268,350 | $31.5M | Reduce -0.5% |
| V Visa Inc. Class A | 0.71% | 84,026 | $28.8M | Add +2.7% |
| SCHX Schwab US Large-Cap ETF | 0.70% | 957,478 | $28.2M | Add +1.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.70% | 2,108,268 | $28.2M | Reduce -0.2% |
| SW Smurfit Westrock PLC | 0.64% | 562,063 | $26.0M | Reduce -1.5% |
| ISRG Intuitive Surgical Inc. | 0.63% | 63,439 | $25.2M | Add +1.0% |
| SCHM Schwab US Mid Cap ETF | 0.59% | 642,681 | $23.7M | Reduce -0.5% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.59% | 269,167 | $23.7M | Reduce -0.1% |
| LEN Lennar Corp. Class A | 0.58% | 258,916 | $23.4M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 0.57% | 24,613 | $23.0M | Reduce -0.0% |
| MRK Merck & Co. Inc. | 0.56% | 176,330 | $22.8M | Reduce -0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.56% | 74,861 | $22.7M | Add +0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.56% | 280,851 | $22.6M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.54% | 29,172 | $21.8M | Reduce -1.9% |
| QCOM Qualcomm Inc. | 0.53% | 114,934 | $21.2M | Add +0.5% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.40% | 8,134 | $16.2M | Add +6.5% |
| PG The Procter & Gamble Co. | 0.37% | 101,173 | $14.8M | Reduce -0.6% |
| ETN Eaton Corp. PLC | 0.36% | 34,051 | $14.5M | Add +2.3% |
| MCD McDonald's Corp. | 0.36% | 53,115 | $14.4M | Add +0.8% |
| ENTG Entegris Inc. | 0.35% | 77,554 | $13.9M | Add +775440.0% |
| AVGO Broadcom Inc. | 0.32% | 34,431 | $13.0M | Add +1.9% |
| BCPC Balchem Corp. | 0.32% | 76,345 | $12.9M | No change |
| XOM Exxon Mobil Corp. | 0.31% | 91,576 | $12.5M | Add +1.1% |
| AMGN Amgen Inc. | 0.30% | 32,937 | $11.9M | Add +7.3% |
| GEHC GE Healthcare Technology | 0.29% | 180,282 | $11.5M | Reduce -2.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.28% | 15,063 | $11.5M | Reduce -1.0% |
| SCHA Schwab US Small-Cap ETF | 0.28% | 313,280 | $11.3M | Add +0.8% |
| AEP American Electric Power | 0.28% | 82,294 | $11.3M | Add +1.2% |
| KMI Kinder Morgan Inc. | 0.28% | 349,040 | $11.2M | Add +0.6% |
| NVS Novartis AG-Sponsored ADR | 0.28% | 71,102 | $11.1M | Add +3.5% |
| MMM 3M Co. | 0.28% | 68,650 | $11.1M | Add +0.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.25% | 106,868 | $10.1M | Add +1.6% |
| SOLS Solstice Adv Materials Inc. | 0.25% | 113,251 | $10.0M | Add +2.5% |
| UI Ubiquiti Inc. | 0.25% | 18,628 | $9.9M | Reduce -2.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.24% | 77,154 | $9.7M | Reduce -1.2% |
| EPD Enterprise Products Partners | 0.23% | 254,293 | $9.3M | Reduce -0.1% |
| ACN Accenture PLC Class A | 0.23% | 73,570 | $9.2M | Reduce -3.2% |
| HUBB Hubbell Inc. | 0.22% | 16,916 | $8.9M | Add +2.4% |
| COF Capital One Financial Corp. | 0.22% | 43,922 | $8.8M | Reduce -1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 17,376 | $8.7M | Add +2.4% |
| ENB Enbridge Inc. | 0.21% | 160,004 | $8.7M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.21% | 105,989 | $8.7M | Reduce -0.4% |
| INTC Intel Corp. | 0.21% | 61,527 | $8.6M | Reduce -2.5% |
| KBH KB Home | 0.21% | 135,005 | $8.4M | Reduce -1.2% |
| HD Home Depot Inc. | 0.21% | 23,451 | $8.3M | Add +0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.20% | 74,321 | $8.2M | Reduce -1.9% |
| BSX Boston Scientific Corp. | 0.20% | 188,810 | $8.1M | Reduce -6.3% |
| VOO Vanguard S&P 500 ETF | 0.20% | 11,668 | $8.0M | Add +0.6% |
| TT Trane Technologies PLC | 0.20% | 16,178 | $7.9M | No change |
| CTAS Cintas Corp. | 0.20% | 46,497 | $7.9M | Reduce -1.8% |
| TFC Truist Financial Corp. | 0.19% | 151,238 | $7.5M | Reduce -44.6% |
| PSX Phillips 66 | 0.19% | 44,525 | $7.5M | Reduce -1.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 10 | $7.5M | No change |
| IVV iShares Core S&P 500 ETF | 0.19% | 9,978 | $7.5M | Reduce -7.1% |
| NBIS Nebius Group NV | 0.18% | 26,932 | $7.4M | Add +1.7% |
| FDX FedEx Corp. | 0.18% | 23,370 | $7.3M | Add +0.6% |
| ET Energy Transfer LP | 0.18% | 383,381 | $7.3M | Add +0.0% |
| DELL Dell Technologies -C | 0.18% | 16,764 | $7.2M | Add +42.4% |
| PBR Petroleo Brasileiro-Spon ADR | 0.17% | 422,556 | $6.8M | Reduce -7.4% |
| GS Goldman Sachs Group Inc. | 0.16% | 6,558 | $6.6M | Reduce -7.1% |
| DY Dycom Industries Inc. | 0.16% | 13,037 | $6.6M | Reduce -2.1% |
| MS Morgan Stanley | 0.16% | 31,273 | $6.5M | Reduce -0.6% |
| WM Waste Management Inc. | 0.16% | 29,288 | $6.5M | Reduce -1.1% |
| SNDK Sandisk Corp. | 0.16% | 2,826 | $6.4M | Add +95.6% |
| CL Colgate-Palmolive Co. | 0.16% | 69,705 | $6.4M | Reduce -2.2% |
| SON Sonoco Products Co. | 0.15% | 107,312 | $6.0M | Add +1.6% |
| MDLZ Mondelez International Inc. Class A | 0.15% | 103,449 | $6.0M | Add +1.0% |
| NEE Nextera Energy Inc. | 0.15% | 68,034 | $6.0M | Add +1.1% |
| VIG Vanguard Dividend Apprec ETF | 0.15% | 24,956 | $5.9M | Reduce -3.7% |
| ABT Abbott Laboratories | 0.14% | 61,261 | $5.6M | Reduce -12.8% |
| PANW Palo Alto Networks Inc. | 0.14% | 16,073 | $5.5M | Reduce -0.3% |
| CVX Chevron Corp. | 0.13% | 32,388 | $5.4M | Reduce -0.7% |
| PNC PNC Financial Services Group | 0.13% | 21,577 | $5.3M | Add +4.1% |
| CRI Carter's Inc. | 0.13% | 126,605 | $5.2M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.13% | 35,462 | $5.2M | Reduce -0.2% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 56 | $1K | No change |
| COHEN & STEERS QUALITY-R | RIGHT 07/15/2026 | 15,000 | $224 | No change |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 11 | $6 | New |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 11 | $4 | New |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 11 | $3 | New |
Lines left out (3) · $25 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| HUM Humana Inc. | COM | 0 | $17 |
| VIV Telefonica Brasil-ADR | SPONSORED ADS | 0 | $7 |
| GTOP GS Tech Opportunities ETF | TECHN OPPOR ETF | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $4.0B.
Portfolio Sells Q1 2026 → Q2 2026
| PLTR Palantir Technologies Inc. Class A | Reduce -4.8% | 1.60% | −0.89 |
| AAPL Apple Inc. | Reduce -2.2% | 6.70% | −0.41 |
| WMT Walmart Inc. | Reduce -2.9% | 0.91% | −0.31 |
| NVDA Nvidia Corp. | Reduce -1.3% | 6.81% | −0.30 |
| ACN Accenture PLC Class A | Reduce -3.2% | 0.23% | −0.22 |
| RTX RTX Corp. | Reduce -0.3% | 1.03% | −0.21 |
| UI Ubiquiti Inc. | Reduce -2.7% | 0.25% | −0.20 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -0.2% | 0.70% | −0.19 |
| TFC Truist Financial Corp. | Reduce -44.6% | 0.19% | −0.18 |
| BSX Boston Scientific Corp. | Reduce -6.3% | 0.20% | −0.17 |
| HON Honeywell International Inc. | Reduce -1.5% | 0.12% | −0.17 |
| JNJ Johnson & Johnson | Reduce -0.2% | 1.11% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -0.0% | 0.57% | −0.15 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -7.4% | 0.17% | −0.11 |
| GEHC GE Healthcare Technology | Reduce -2.3% | 0.29% | −0.10 |
| LEN Lennar Corp. Class A | Reduce -1.3% | 0.58% | −0.09 |
| ABT Abbott Laboratories | Reduce -12.8% | 0.14% | −0.07 |
| CVX Chevron Corp. | Reduce -0.7% | 0.13% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.37% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -0.0% | 0.56% | −0.06 |
| PSX Phillips 66 | Reduce -1.9% | 0.19% | −0.06 |
| EPD Enterprise Products Partners | Reduce -0.1% | 0.23% | −0.05 |
| ENB Enbridge Inc. | Reduce -0.1% | 0.21% | −0.04 |
| CTAS Cintas Corp. | Reduce -1.8% | 0.20% | −0.04 |
| WM Waste Management Inc. | Reduce -1.1% | 0.16% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -13.3% | 0.09% | −0.03 |
| BAC Bank of America Corp. | Reduce -0.8% | 1.59% | −0.03 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -6.2% | 0.12% | −0.03 |
| ARCC Ares Capital Corp. | Reduce -12.1% | 0.09% | −0.03 |
| HONA Honeywell Aerospace Inc. | Reduce -5.3% | 0.11% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 0.54% | −0.03 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.06% | −0.03 |
| SYK Stryker Corp. | Reduce -15.5% | 0.05% | −0.02 |
| ORCL Oracle Corp. | Reduce -0.2% | 0.13% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.4% | 0.21% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -0.6% | 0.06% | −0.02 |
| MLM Martin Marietta Materials | Reduce -0.6% | 0.11% | −0.02 |
| SW Smurfit Westrock PLC | Reduce -1.5% | 0.64% | −0.02 |
| ALSN Allison Transmission Holding | Reduce -0.4% | 0.10% | −0.02 |
| COF Capital One Financial Corp. | Reduce -1.8% | 0.22% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -7.1% | 0.19% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -2.2% | 0.16% | −0.02 |
| LBRT Liberty Energy Inc. | Reduce -9.6% | 0.04% | −0.02 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -0.2% | 0.10% | −0.02 |
| CPNG Coupang Inc. | Reduce -15.7% | 0.03% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.7% | 0.15% | −0.02 |
| OKE Oneok Inc. | Reduce -23.6% | 0.03% | −0.02 |
| MRP Millrose Properties | Reduce -35.5% | 0.02% | −0.02 |
| NOW ServiceNow Inc. | Reduce -2.8% | 0.05% | −0.02 |
| PINS Pinterest Inc. Class A | Reduce -33.0% | 0.03% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| MRVL Marvell Technology Inc. | Add +7.7% | 0.96% | +0.61 |
| ENTG Entegris Inc. | Add +775440.0% | 0.35% | +0.35 |
| LLY Eli Lilly & Co. | Add +0.5% | 2.35% | +0.23 |
| SNDK Sandisk Corp. | Add +95.6% | 0.16% | +0.13 |
| DELL Dell Technologies -C | Add +42.4% | 0.18% | +0.12 |
| PSUS Pershing Square USA Ltd. | New | 0.11% | +0.11 |
| ASML ASML Holding NV-NY Reg SHS | Add +6.5% | 0.40% | +0.11 |
| NBIS Nebius Group NV | Add +1.7% | 0.18% | +0.10 |
| QCOM Qualcomm Inc. | Add +0.5% | 0.53% | +0.09 |
| APH Amphenol Corp. Class A | Add +20721.0% | 0.09% | +0.09 |
| INTU Intuit Inc. | Add +1852.0% | 0.07% | +0.07 |
| GRBK Green Brick Partners Inc. | Add +0.2% | 1.28% | +0.06 |
| FLO Flowers Foods Inc. | Add +253.1% | 0.07% | +0.05 |
| CAI Caris Life Sciences Inc. | New | 0.04% | +0.04 |
| SNPS Synopsys Inc. | Add +35910.0% | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +1.0% | 0.11% | +0.02 |
| KNTK Kinetik Holdings Inc. | Add +51428.6% | 0.02% | +0.02 |
| PS Pershing Square Inc. | New | 0.02% | +0.02 |
| HRI Herc Holdings Inc. | Add +5.3% | 0.08% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +20.8% | 0.07% | +0.02 |
| FTNT Fortinet Inc. | Add +5.1% | 0.04% | +0.02 |
| GLAS Glass House Brands Inc. | New | 0.02% | +0.02 |
| WST West Pharmaceutical Services | Add +5.6% | 0.08% | +0.02 |
| SCHA Schwab US Small-Cap ETF | Add +0.8% | 0.28% | +0.02 |
| AVGO Broadcom Inc. | Add +1.9% | 0.32% | +0.02 |
| KLAC KLA Corp. | Add +10.4% | 0.03% | +0.02 |
| TXN Texas Instruments Inc. | Add +0.3% | 0.06% | +0.01 |
| JPIE JPMorgan Income ETF | New | 0.01% | +0.01 |
| SCHR Schwab Intermediate-Term US | Add +37.0% | 0.09% | +0.01 |
| ETN Eaton Corp. PLC | Add +2.3% | 0.36% | +0.01 |
| AMAT Applied Materials Inc. | Add +9.2% | 0.02% | +0.01 |
| GEV GE Vernova Inc. | Add +0.7% | 0.08% | +0.01 |
| GE General Electric | Add +0.2% | 0.10% | +0.01 |
| SPCX Space Exploration Techn Class A | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.3% | 0.12% | +0.01 |
| CCC CCC Intelligent Solutions Ho | New | 0.01% | +0.01 |
| RYLD Global X Russell 2000 Cov Class | Add +480.5% | 0.01% | +0.01 |
| GPK Graphic Packaging Holding Co. | Add +60.0% | 0.02% | +0.01 |
| PNC PNC Financial Services Group | Add +4.1% | 0.13% | +0.01 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +53.8% | 0.01% | +0.00 |
| VMD Viemed Healthcare Inc. | Add +33.3% | 0.02% | +0.00 |
| QYLD Global X Nasd 100 Cov Call | Add +154.8% | 0.01% | +0.00 |
| JEPI JPMorgan Equity Premium Inco | Add +206.8% | 0.01% | +0.00 |
| AVLV Avantis US Large Cap Value | Add +4172.2% | 0.00% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +6.9% | 0.05% | +0.00 |
| IONQ Ionq Inc. | Add +569.6% | 0.00% | +0.00 |
| DERM Journey Medical Corp. | Add +104.2% | 0.01% | +0.00 |
| Q Qnity Electronics Inc. | Add +1.3% | 0.02% | +0.00 |
| AIQ Global X Art Intel & Tech | Add +4.1% | 0.02% | +0.00 |
| GRID First TRST Nasd Class Edg Sgiif | Add +15.1% | 0.02% | +0.00 |
Notes & Other Activity Q1 2026 → Q2 2026
| DX Dynex Capital Inc. | COM | Sold out | 0 | $85before exit |
| HUM Humana Inc. | COM | Reduce -100.0% | 0 | $17 |
| VIV Telefonica Brasil-ADR | SPONSORED ADS | Reduce -100.0% | 0 | $7 |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 11 | $6 |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 11 | $4 |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 11 | $3 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2026 | 412 | $4.0B | NVDA, AAPL, LOW, MSFT, MU |
| Q2 2026 | 1,236 | $4.0B | LOW, NVDA, AAPL, MU, GOOG |
| Q1 2026Amended | 1,235 | $3.4B | LOW, NVDA, AAPL, MSFT, GOOG |
| Q4 2025 | 391 | $3.5B | LOW, NVDA, AAPL, MSFT, GOOG |
| Q3 2025 | 1,209 | $3.5B | LOW, NVDA, AAPL, MSFT, PLTR |
| Q2 2025Amended | 1,168 | $3.2B | LOW, NVDA, AAPL, MSFT, META |
| Q1 2025 | 1,216 | $2.9B | LOW, AAPL, NVDA, MSFT, META |
| Q4 2024 | 1,200 | $3.0B | LOW, AAPL, NVDA, MSFT, AMZN |
| Q3 2024 | 1,184 | $3.3B | LOW, AAPL, NVDA, MSFT, META |
| Q2 2024 | 1,162 | $3.1B | LOW, AAPL, NVDA, MSFT, AMZN |
| Q1 2024 | 1,165 | $3.0B | LOW, AAPL, MSFT, NVDA, AMZN |