SALEM INVESTMENT COUNSELORS INC
SEC Form 13F institutional filer · CIK 0000884423
13F-HR · 422 reported holdings · 2026-03-31
SEC-registered investment advisor.
Reported long-US-equity value
$2.96B
Top-10 concentration
51.9%
SALEM INVESTMENT COUNSELORS INC — $2.96B AUM allocation strategy
SALEM INVESTMENT COUNSELORS INC files SEC Form 13F and reports $2.96B of long US equity value across 422 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 28.3%, followed by Consumer Discretionary 14.5% and Communication Services 10.4%.
The top 10 holdings account for 52% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
SALEM INVESTMENT COUNSELORS INC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.96B
total across 422 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
52% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SCHW +61.1K sh · +$1.8M+$IVV +31.2K sh · +$1.9M+$SW +16.5K sh · +$1.31M
Biggest trims (shares)
−$PLTR −58.5K sh · −$28.6M−$NVDA −29.8K sh · −$22.4M−$MRK −12.1K sh · +$1.37M
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors12.3%—
- Home Improvement Retail11.1%—
- Interactive Media & Services10.4%—
- Technology Hardware, Storage & Peripherals8.2%—
- Systems Software4.9%—
- Diversified Banks4.3%—
- Pharmaceuticals3.9%—
- Broadline Retail3.4%—
- Other holdings41.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $LOW | Lowe's Companies Inc | 1.39M | $329M | -141 | 11.1% |
| $NVDA | NVIDIA Corporation | 1.39M | $243M | -29.8K | 8.2% |
| $AAPL | Apple Inc | 955K | $242M | -9.72K | 8.2% |
| $MSFT | Microsoft Corporation | 391K | $145M | +1.86K | 4.9% |
| $GOOGL | Alphabet Inc | 495K | $142M | -3.81K | 4.8% |
| $AMZN | Amazon.com Inc | 484K | $101M | +3.8K | 3.4% |
| $META | Meta Platforms Inc | 157K | $89.7M | +732 | 3.0% |
| $PLTR | Palantir Technologies Inc | 580K | $84.8M | -58.5K | 2.9% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 171K | $82.1M | -788 | 2.8% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 269K | $77.4M | +1.07K | 2.6% |
…and 412 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.