SALEM INVESTMENT COUNSELORS INC

RIA/Wealth

SALEM INVESTMENT COUNSELORS INC is a RIA/Wealth based in Winston Salem, NC led by Joseph K Mccaffrey, reporting $3.8B in AUM as of Q3 2025 with 33% Technology concentration.

PresidentJoseph K Mccaffrey

Portfolio Value: $3.5B
Positions: 1,207
Top Holding: LOW at 10.02%
Last Reported: Q3 2025

Address480 Shepherd Street, Winston Salem, NC, 27103, United States

Top Holdings

Largest long holdings in SALEM INVESTMENT COUNSELORS INC's portfolio (49% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Lowe's Companies LOW	Home Improvement Consumer Cyclical	$350.0M	10.02%	-$1.2M Sold	0.25% 1.4M shares	≤ Q2 2013 Held for 12y 5m+
2 Nvidia NVDA	Semiconductors Technology	$272.2M	7.79%	-$2.9M Sold	0.01% 1.5M shares	Q1 2025 Held for 8 months
3 Apple AAPL	Consumer Electronics Technology	$248.4M	7.11%	+$66.2K Bought	0.01% 975.6K shares	≤ Q2 2013 Held for 12y 5m+
4 Microsoft MSFT	Software - Infrastructure Technology	$206.4M	5.91%	+$5.2K Bought	0.01% 398.5K shares	≤ Q2 2013 Held for 12y 5m+
5 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$130.6M	3.74%	-$18.3M Sold	0.03% 715.9K shares	Q2 2022 Held for 3y 5m
6 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$122.1M	3.49%	+$326.6K Bought	0.00% 501.2K shares	Q2 2014 Held for 11y 5m
7 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$117.1M	3.35%	-$2.3M Sold	0.01% 159.5K shares	≤ Q2 2013 Held for 12y 5m+
8 Amazon AMZN	Specialty Retail Consumer Cyclical	$105.4M	3.02%	-$187.7K Sold	0.00% 479.8K shares	≤ Q2 2013 Held for 12y 5m+
9 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$86.9M	2.49%	-$368.5K Sold	0.01% 172.8K shares	Q4 2019 Held for 5y 11m
10 JPMorgan Chase JPM	Banks - Diversified Financial Services	$72.1M	2.06%	+$214.2K Bought	0.01% 228.6K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in SALEM INVESTMENT COUNSELORS INC's latest filing

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Market Value

$3.5B

Prior: $3.2B

Q/Q Change

+10.65%

+$336.3M

Net Flows % of MV

-0.497%

Turnover Ratio

1.49%

New Purchases

50 stocks

$2.6M

Added To

237 stocks

+$41.4M

Sold Out Of

49 stocks

$15.3M

Reduced Holdings

209 stocks

-$46.0M

Increased Positions

Position	Shares Δ	Change
1 QXO, Inc. QXO	New	0 → 80.3K +$1.5M
2 Savers Value Village SVV	New	0 → 9.0K +$119.3K
3 XYLD Global X S&P 500 Covered Call XYLD	New	0 → 3.0K +$117.8K
4 ETHA iShares Ethereum Trust ETHA	New	0 → 3.4K +$106.3K
5 Journey Medical Corporation DERM	New	0 → 12.1K +$86.2K

Decreased Positions

Position	Shares Δ	Change
1 3M MMM	Sold	67.6K → 0 −$10.3M
2 Kellogg Company KLG	Sold	134.1K → 0 −$2.1M
3 ADX Adams Diversified Equity Fund ADX	Sold	50.1K → 0 −$1.1M
4 Gartner IT	Sold	2.1K → 0 −$866.2K
5 Schwab High Yield Bond SCYB	Sold	6.9K → 0 −$182.3K

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Analytics

Portfolio insights and performance metrics for SALEM INVESTMENT COUNSELORS INC

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Sector Allocation

Technology

32.60%

Consumer Cyclical

17.40%

Financial Services

10.60%

Communication Services

9.20%

Healthcare

7.80%

ETF

7.60%

Consumer Defensive

4.80%

Industrials

4.40%

Energy

1.80%

Basic Materials

0.90%

Utilities

0.60%

Real Estate

0.40%

Market Cap Distribution

Mega Cap (> $200B)

56.55%

Large Cap ($10B - $200B)

30.25%

Mid Cap ($2B - $10B)

3.11%

Small Cap ($300M - $2B)

0.64%

Micro Cap ($50M - $300M)

0.05%

Nano Cap (< $50M)

0.07%

N/A (ETF or Unknown)

9.32%

Portfolio Concentration

Top 10 Holdings %

48.97%

Top 20 Holdings %

62.2%

Top 50 Holdings %

79.85%

Top 100 Holdings %

89.83%