13F File No.: Name: <13F File No.: 1. 6. 2. 7. 3. 8. 4. 9. 5. 10.2

Latest statistics and disclosures from SALEM INVESTMENT COUNSELORS's latest quarterly 13F-HR filing:

SALEM INVESTMENT COUNSELORS portfolio companies for September 2014 quarter

Ticker Name Portfolio Weight Change Share Count Price Last Trade
AAPL Apple 4.42 365836 100.75 111.78
PEP Pepsi 3.48 311652 93.09 95.44
BRK.B Berkshire Hathaway 3.06 184576 138.14 0.00
MSFT Microsoft Corporation 2.75 494090 46.36 47.66
JNJ Johnson & Johnson 2.31 180474 106.59 105.55
LOW Lowe's Companies 1.95 307503 52.92 66.90
MMM 3M Company 1.83 NEW 107782 141.68 165.48
WMT Wal-Mart Stores 1.80 196593 76.47 85.16
QCOM QUALCOMM 1.80 199990 74.77 73.43
GE General Electric Company 1.68 545864 25.62 25.62
BBT BB&T; Corporation 1.67 373251 37.21 38.33
Keurig Green Mtn 1.61 -4.00% 103018 130.13 0.00
UTX United Technologies Corporation 1.60 +10.00% 126402 105.60 115.59
MRK Merck & Co 1.46 204954 59.28 59.58
WAG Walgreen Company 1.45 +10.00% 203767 59.27 73.23
INTC Intel Corporation 1.40 333770 34.82 36.37
PG Procter & Gamble Company 1.40 -2.00% 139763 83.74 92.05
XOM Exxon Mobil Corporation 1.35 119266 94.05 93.64
PFE Pfizer 1.20 -2.00% 339175 29.57 31.94
NOV National-Oilwell Var 1.19 130072 76.10 67.07
Google Inc Class C 1.19 17120 577.34 0.00
GOOG Google 1.12 15816 588.39 516.35
PM Philip Morris International 1.07 +8.00% 106982 83.40 83.05
BCPC Balchem Corporation 1.07 157769 56.57 66.43
EMC EMC Corporation 1.06 300811 29.26 30.14
Vanguard S&p 500 Etf idx fd 1.05 48446 180.59 0.00
CSCO Cisco Systems 1.03 341932 25.17 27.77
IVV iShares S&P; 500 Index 1.02 +6.00% 42855 198.25 209.01
Synovus Finl 1.01 NEW 355622 23.64 0.00
IWR iShares Russell Midcap Index Fund 1.00 +2.00% 52423 158.35 167.49
Sch Us Mid-cap Etf etf 0.99 212436 38.70 0.00
K Kellogg Company 0.97 +16.00% 131579 61.60 66.82
WNC Wabash National Corporation 0.96 597650 13.32 11.65
Enterprise Products Partners 0.95 +99.00% 196878 40.30 0.00
WFC Wells Fargo & Company 0.91 146245 51.87 54.45
SPY SPDR S&P; 500 ETF 0.90 +20.00% 38015 197.03 206.52
BAC Bank of America Corporation 0.88 +7.00% 430638 17.05 17.62
GILD Gilead Sciences 0.88 +2.00% 68900 106.44 108.45
CL Colgate-Palmolive Company 0.82 104496 65.22 69.98
EEM iShares MSCI Emerging Markets Indx 0.81 162106 41.56 38.84
JPM JPMorgan Chase & Co. 0.81 111456 60.24 61.93
Abbvie 0.80 116003 57.76 0.00
KO Coca-Cola Company 0.79 -2.00% 154356 42.66 41.95
IBM International Business Machines 0.76 -2.00% 33216 189.82 158.51
APA Apache Corporation 0.71 62818 93.87 64.82
Powershares Etf Tr Ii s^p smcp ind p 0.66 130345 42.18 0.00
DVN Devon Energy Corporation 0.64 -3.00% 77944 68.18 61.31
Accenture 0.62 -38.00% 63397 81.31 0.00
TM Toyota Motor Corporation 0.61 42932 117.53 127.01
DFS Discover Financial Services 0.60 +4.00% 77161 64.38 65.09
Gnc Holdings Inc Cl A 0.59 +166.00% 127375 38.74 0.00
BMY Bristol Myers Squibb 0.57 -3.00% 92481 51.18 61.30
SON Sonoco Products Company 0.56 118847 39.29 44.24
MCD McDonald's Corporation 0.55 -4.00% 48635 94.81 93.22
NGLS Targa Resources Partners 0.54 61630 72.35 46.60
COP ConocoPhillips 0.52 56391 76.52 70.98
IWM iShares Russell 2000 Index 0.50 +4.00% 37746 109.36 118.90
KMP Kinder Morgan Energy Partners 0.50 +29.00% 44305 93.29 0.00
CVX Chevron Corporation 0.48 -6.00% 33211 119.33 112.93
WFMI Whole Foods Market 0.48 +11.00% 105590 38.11 0.00
DIS Walt Disney Company 0.46 -3.00% 43019 89.03 92.89
Agilent Technologies Inc C ommon 0.46 -26.00% 66564 56.98 0.00
SXL Sunoco Logistics Partners 0.46 78620 48.26 41.59
BRK.A Berkshire Hathaway 0.45 18 206888.89 0.00
CVS CVS Caremark Corporation 0.43 -2.00% 45462 79.58 95.70
DOV Dover Corporation 0.43 44855 80.33 73.68
HUN Huntsman Corporation 0.43 137025 25.99 22.82
Mondelez Int 0.43 105660 34.26 0.00
CAT Caterpillar 0.42 35109 99.03 91.71
SYY SYSCO Corporation 0.42 91305 37.95 40.47
SBUX Starbucks Corporation 0.41 -10.00% 45025 75.47 79.44
BHP BHP Billiton 0.39 54914 58.87 48.39
KBH KB Home 0.38 209285 14.94 16.10
T AT&T; 0.37 +21.00% 86850 35.24 33.54
DD E.I. du Pont de Nemours & Company 0.36 41558 71.76 73.29
TFM Fresh Market 0.36 86295 34.93 40.41
ABT Abbott Laboratories 0.35 69637 41.59 46.05
ORCL Oracle Corporation 0.35 -3.00% 75824 38.29 46.00
RGNC Regency Energy Partners 0.35 89062 32.62 0.00
SCHF Schwab International Equity ETF 0.35 +3.00% 93190 31.02 30.09
PAA Plains All American Pipeline 0.34 47988 58.87 51.37
KRE SPDR KBW Regional Banking 0.34 73975 37.86 40.15
SCHE Schwab Emerging Markets Equity ETF 0.34 -2.00% 112537 25.40 24.21
NCR NCR Corporation 0.33 +9.00% 82206 33.42 28.65
VNR Vanguard Natural Resources 0.32 97600 27.46 18.29
MGK Vanguard Mega Cap 300 Growth Index ETF 0.32 33775 77.78 81.79
EPB El Paso Pipeline Partners 0.31 64400 40.16 0.00
VFC V.F. Corporation 0.30 -2.00% 37247 66.02 73.41
BPL Buckeye Partners 0.30 +9.00% 31385 79.66 74.92
GXC SPDR S&P; China 0.30 32400 76.64 78.32
GOV Government Properties Income Trust 0.29 +101.00% 111200 21.91 23.22
Schwab Strategic Tr us lrg cap etf 0.29 +5.00% 50666 46.99 0.00
UL Unilever 0.28 55047 41.89 41.10
EFA iShares MSCI EAFE Index Fund 0.27 -11.00% 35191 64.11 61.70
HTS Hatteras Financial 0.27 -62.00% 127019 17.96 19.25
VWO Vanguard Emerging Markets ETF 0.27 +4.00% 54402 41.71 39.67
VO Vanguard Mid-Cap ETF 0.27 -2.00% 19007 117.33 125.19
SE Spectra Energy 0.26 -4.00% 54969 39.26 37.07
Transcanada 0.26 +16.00% 41950 51.54 0.00
ARCC Ares Capital Corporation 0.26 +67.00% 132443 16.16 15.91
VB Vanguard Small-Cap ETF 0.26 -4.00% 19261 110.64 117.61
Facebook Inc cl a 0.26 27400 79.05 0.00
HIW Highwoods Properties 0.24 +3.00% 52061 38.90 44.46
Duke Energy 0.24 27185 74.78 0.00
MTD Mettler-Toledo International 0.23 7400 256.08 300.36
CHK Chesapeake Energy Corporation 0.23 82977 22.99 19.86
ETP Energy Transfer Partners 0.22 29275 63.98 62.98
DHI D.R. Horton 0.21 -3.00% 83840 20.52 24.83
Qr Energy 0.21 88850 19.41 0.00
FL Foot Locker 0.20 -36.00% 30535 55.64 53.86
RKT Rock-Tenn Company 0.19 +100.00% 33340 47.57 61.80
EEP Enbridge Energy Partners 0.19 41300 38.86 38.49
ETE Energy Transfer Equity 0.19 26000 61.69 56.34
SCHA Schwab U S Small Cap ETF 0.19 -2.00% 30287 51.41 54.97
ABC AmerisourceBergen 0.18 19300 77.31 91.68
MO Altria 0.18 33359 45.95 50.56
NKE NIKE 0.18 16660 89.20 94.84
Jp Morgan Alerian Mlp Index 0.18 -2.00% 28550 53.06 0.00
Phillips 66 0.18 18213 81.32 0.00
YUM Yum! Brands 0.17 +10.00% 19184 71.99 71.17
OXY Occidental Petroleum Corporation 0.17 14915 96.14 81.52
TUP Tupperware Brands Corporation 0.17 -5.00% 20970 69.05 62.64
UNF UniFirst Corporation 0.17 14370 96.59 117.26
FIS Fidelity National Information Services 0.16 23600 56.31 63.07
Dcp Midstream Partners 0.16 24700 54.45 0.00
MMP Magellan Midstream Partners 0.16 15792 84.16 82.61
FXI iShares FTSE/Xinhua China 25 Index 0.15 -2.00% 31775 38.27 40.26
HUB.B Hubbell Incorporated 0.15 10438 120.52 0.00
COF Capital One Financial 0.15 -7.00% 15059 81.61 82.43
EMR Emerson Electric 0.14 19285 62.59 62.33
SLB Schlumberger 0.14 11341 101.67 87.52
Ingersoll-rand Co Ltd-cl A 0.14 21275 56.36 0.00
Nextera Energy 0.13 -2.00% 11114 93.85 0.00
SRCL Stericycle 0.13 9000 116.56 132.07
EWJ iShares MSCI Japan Index 0.13 90000 11.77 11.51
DVY iShares Dow Jones Select Dividend 0.13 -2.00% 14437 73.84 79.94
Ellington Financial 0.13 NEW 50000 22.22 0.00
Carlyle Group L P 0.13 35450 30.47 0.00
KEQU Kewaunee Scientific Corporation 0.12 56044 17.88 17.31
VIG Vanguard Dividend Appreciation ETF 0.12 12970 76.95 81.27
Mosaic 0.12 -40.00% 23050 44.43 0.00
GS Goldman Sachs 0.11 -10.00% 5018 183.54 193.28
FCNCA First Citizens BancShares 0.11 4267 216.55 251.96
HD Home Depot 0.11 -14.00% 10127 91.73 101.93
CMCSK Comcast Corporation 0.11 17047 53.50 57.05
Summit Midstream Partners 0.11 +200.00% 18000 50.83 0.00
Fifth Str Sr Floating Rate 0.11 +650.00% 75000 11.83 0.00
Blue Capital Reinsurance Hol 0.11 50000 17.70 0.00
Northstar Rlty Fin 0.11 NEW 50000 17.68 0.00
Alibaba Group Holding Ltd Spon 0.11 NEW 10700 88.88 0.00
D Dominion Resources 0.10 -8.00% 12395 69.06 75.40
LH Laboratory Corp. of America Holdings 0.10 7900 101.77 105.80
AMZN Amazon 0.10 2712 322.27 299.90
LGF Lions Gate Entertainment 0.10 +88.00% 25165 32.98 31.27
IPATH MSCI India Index Etn 0.10 -4.00% 12420 70.21 0.00
SCHB Schwab U S Broad Market ETF 0.10 +3.00% 17081 47.54 50.17
Antero Res 0.10 15000 54.87 0.00
South State Corporation 0.10 NEW 15020 55.93 0.00
NSC Norfolk Southern 0.09 -3.00% 6434 111.59 109.05
Canadian Natural Resources 0.09 19000 38.84 0.00
MKL Markel Corporation 0.09 1185 636.29 685.45
PXD Pioneer Natural Resources 0.09 3956 196.92 152.70
Credit Suisse Nassau Brh Etn Lkd 30mlp etf 0.09 -6.00% 20760 35.89 0.00
Medley Capital Corporation 0.09 +68.00% 60400 11.80 0.00
HCA HOLDINGS 0.09 10575 70.54 0.00
Kraft Foods 0.09 12629 56.38 0.00
Third Point Reinsurance 0.09 50000 14.56 0.00
NVS Novartis AG 0.08 6944 94.18 94.61
AAP Advance Auto Parts 0.08 4800 130.21 159.85
BIV Vanguard Intermediate-Term Bond ETF 0.08 +4.00% 7534 84.28 85.14
MEI Methode Electronics 0.08 18000 36.89 34.92
CELG Celgene Corporation 0.08 -5.00% 7340 94.82 117.18
HYG iShares iBoxx $ High Yid Corp Bond 0.08 -5.00% 7445 92.01 90.23
NTG Tortoise MLP Fund 0.08 +4.00% 21792 29.05 27.25
Citi 0.08 -11.00% 12351 51.82 0.00
BP BP 0.07 -2.00% 12357 43.94 39.40
LEN Lennar Corporation 0.07 14300 38.81 43.67
XRAY DENTSPLY International 0.07 12000 45.58 53.70
UNP Union Pacific Corporation 0.07 5310 108.47 118.47
VZ Verizon Communications 0.07 12323 49.99 47.02
AGN Allergan 0.07 -5.00% 3300 178.18 212.63
SYK Stryker Corporation 0.07 -12.00% 7535 80.69 94.79
NVO Novo Nordisk A/S 0.07 12250 47.59 43.81
ORI Old Republic International Corporation 0.07 38478 14.27 14.42
BDSI BioDelivery Sciences International 0.07 33850 17.08 13.82
MDY SPDR S&P; MidCap 400 ETF 0.07 2380 249.16 263.30
VUG Vanguard Growth ETF 0.07 5792 99.62 105.40
Ngl Energy Partners Lp Com Uni 0.07 15000 39.40 0.00
SCHW Charles Schwab Corporation 0.06 18307 29.39 29.90
PHM Pulte 0.06 -9.00% 26200 17.67 20.90
KMB Kimberly-Clark Corporation 0.06 4420 107.47 115.84
GD General Dynamics Corporation 0.06 -5.00% 4053 127.07 139.83
AXL American Axle & Manufact. Holdings 0.06 30000 16.77 22.19
TPX Tempur-Pedic International 0.06 8550 56.14 53.48
EWH iShares MSCI Hong Kong Index Fund 0.06 25350 20.32 20.38
Bellatrix Exploration 0.06 80000 6.15 0.00
Pizza Inn Holdings 0.06 -5.00% 60650 8.00 0.00
Now 0.06 -50.00% 15529 30.39 0.00
XLV Health Care SPDR 0.05 6644 63.97 70.41
UPS United Parcel Service 0.05 NEW 4364 98.30 110.96
BA Boeing Company 0.05 -5.00% 3027 127.52 126.23
MDT Medtronic 0.05 6391 61.96 74.62
FCX Freeport-McMoRan Copper & Gold 0.05 11639 32.65 23.40
PRU Prudential Financial 0.05 -5.00% 4782 88.04 89.80
LINE Linn Energy 0.05 14300 30.14 12.24
SRE Sempra Energy 0.05 4132 105.28 110.10
AYI Acuity Brands 0.05 3625 117.79 137.38
SWKS Skyworks Solutions 0.05 -3.00% 7300 58.08 72.70
STJ St. Jude Medical 0.05 6523 60.10 67.17
AI Arlington Asset Investment 0.05 NEW 15000 25.40 27.71
OKE ONEOK 0.05 5734 65.57 49.54
CLDX Celldex Therapeutics 0.05 -5.00% 33940 12.96 18.92
VYM Vanguard High Dividend Yield ETF 0.05 -3.00% 6855 66.37 69.12
IXC iShares S&P; Global Energy Sector 0.05 10100 43.86 37.96
Eaton 0.05 6035 63.30 0.00
Ishares Inc msci frntr 100 0.05 10110 37.88 0.00
Independence Realty Trust In 0.05 45000 9.69 0.00
AXP American Express Company 0.04 3545 87.45 92.90
LNC Lincoln National Corporation 0.04 -8.00% 6038 53.66 58.42
Suntrust Banks Inc $1.00 Par Cmn 0.04 -6.00% 8122 38.04 0.00
BAX Baxter International 0.04 4620 71.86 74.48
ADP Automatic Data Processing 0.04 3646 83.10 84.71
BDX Becton, Dickinson and 0.04 -7.00% 2604 113.67 139.81
GSK GlaxoSmithKline 0.04 7496 46.02 43.35
HON Honeywell International 0.04 NEW 3510 93.16 101.16
TGT Target Corporation 0.04 4659 62.67 73.95
AEP American Electric Power Company 0.04 6503 52.28 59.89
TMK Torchmark Corporation 0.04 +50.00% 6000 52.33 54.46
TJX TJX Companies 0.04 NEW 5200 59.23 66.08
PCLN priceline.com Incorporated 0.04 300 1160.00 1109.45
BIDU Baidu 0.04 1595 218.18 234.23
ODFL Old Dominion Freight Line 0.04 4712 70.67 77.24
SKT Tanger Factory Outlet Centers 0.04 10592 32.76 36.75
RSP Rydex S&P; Equal Weight ETF 0.04 4000 75.75 80.24
VTI Vanguard Total Stock Market ETF 0.04 3303 101.12 106.91
SDY SPDR S&P; Dividend 0.04 4300 74.88 78.96
VNQ Vanguard REIT ETF 0.04 -5.00% 5111 71.81 82.03
RWX SPDR DJ International Real Estate ETF 0.04 8590 41.44 41.64
PEO Petroleum & Resources Corporation 0.04 12553 28.84 24.47
NBBC NewBridge Ban 0.04 -14.00% 41057 7.60 8.50
PNC PNC Financial Services 0.03 +2.00% 2506 85.40 91.71
LLY Eli Lilly & Co. 0.03 3920 64.80 72.40
PX Praxair 0.03 2040 128.92 130.05
UNH UnitedHealth 0.03 -35.00% 2431 86.38 102.49
TOT TOTAL S.A. 0.03 4000 64.50 53.33
NSH NuStar GP Holdings 0.03 NEW 5000 43.60 34.22
NS NuStar Energy 0.03 3250 65.85 57.04
RFMD RF Micro Devices 0.03 18484 11.52 15.96
SPH Suburban Propane Partners 0.03 5304 44.49 42.83
INT World Fuel Services Corporation 0.03 5450 40.00 47.28
CHECK POINT SOFTWARE Technolog Com Stk 0.03 -4.00% 3345 69.36 0.00
EXAC Exactech 0.03 -33.00% 10000 22.90 23.04
PNY Piedmont Natural Gas Company 0.03 6360 33.49 38.55
Rbc Cad 0.03 3333 71.41 0.00
PSEC Prospect Capital Corporation 0.03 -3.00% 25600 9.88 8.64
IJH iShares S&P; MidCap 400 Index 0.03 +2.00% 1761 136.85 145.15
Silver Wheaton 0.03 10475 19.95 0.00
DIA SPDR Dow Jones Industrial Average ETF 0.03 1382 170.04 177.65
CLDT Chatham Lodging Trust 0.03 11000 23.09 29.00
IXP iShares S&P; Global Telecommunicat. 0.03 3590 62.95 60.79
MDYG SPDR DJ Wilshire Mid Cap Growth 0.03 2000 113.00 117.87
MGC Vanguard Mega Cap 300 Index 0.03 3870 67.44 70.65
Kinder Morgan 0.03 NEW 6850 38.39 0.00
Schwab Strategic Tr us dividend eq 0.03 +5.00% 6470 38.49 0.00
Allison Transmission Hldngs I 0.03 9300 28.49 0.00
Cdw 0.03 NEW 7500 31.07 0.00
Crestwood Midstream Partners 0.03 12500 22.64 0.00
Knowles 0.03 -23.00% 10066 26.52 0.00
AEO American Eagle Outfitters 0.02 11650 14.51 13.30
KKD Krispy Kreme Doughnuts 0.02 11750 17.19 19.29
AOI Alliance One International 0.02 84998 1.96 1.77
INFN Infinera 0.02 -7.00% 18775 10.65 15.48
LQD iShares IBoxx $ Invest Grade Corp Bd Fd 0.02 1694 118.06 119.38
MFI MicroFinancial Incorporated 0.02 NEW 25200 8.06 10.25
PTY PIMCO Corporate Opportunity Fund 0.02 12000 17.08 18.39
IXN iShares S&P; Global Technology Sect. 0.02 NEW 2200 91.36 95.53
RF Regions Financial Corporation 0.01 12210 10.07 10.45
EMAN eMagin Corporation 0.01 42523 2.35 2.40
RLOC ReachLocal 0.01 -35.00% 18825 3.61 3.46
CRIS Curis 0.00 10000 1.40 1.17