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 2016 quarter

Company (Ticker) Portfolio Weight Share Count Price Last Trade
Apple (AAPL) 5.13 346427 -4.00% 1130.50 123.28
Pepsi (PEP) 4.10 287971 -2.00% 1087.70 93.96
Microsoft Corporation (MSFT) 3.25 430982 -2.00% 576.00 42.00
Johnson & Johnson (JNJ) 2.61 168691 -2.00% 1181.30 98.55
Lowe's Companies (LOW) 2.44 258459 -4.00% 722.10 73.15
3M Company (MMM) 2.24 97179 -5.00% 1762.29 162.72
Walgreen Boots Alliance 2.11 199657 806.20 0.00
Bank of America Corporation (BAC) 1.98 965997 156.50 15.95
General Electric Company (GE) 1.92 495431 -3.00% 296.20 25.35
Alphabet Inc Class C cs 1.84 18128 7772.89 0.00
QUALCOMM (QCOM) 1.77 197169 -2.00% 685.00 71.27
Cisco Systems (CSCO) 1.73 415836 +19.00% 317.20 28.51
Facebook Inc cl a 1.70 101117 +5.00% 1282.70 0.00
Pfizer (PFE) 1.69 381202 +15.00% 338.70 33.78
United Technologies Corporation (UTX) 1.69 127375 -3.00% 1016.00 118.52
Wal-Mart Stores (WMT) 1.67 176700 -5.00% 721.20 81.06
iShares S&P; 500 Index (IVV) 1.63 57265 2175.60 205.96
Procter & Gamble Company (PG) 1.60 136271 897.50 81.31
BB&T; Corporation (BBT) 1.54 311613 377.20 37.76
Synovus Finl 1.54 361749 325.30 0.00
Balchem Corporation (BCPC) 1.44 141834 775.30 55.89
iShares Russell Midcap Index Fund (IWR) 1.44 63090 +2.00% 1743.19 169.15
Alphabet Inc Class A cs 1.44 13638 -11.00% 8040.62 0.00
Gilead Sciences (GILD) 1.39 134540 -6.00% 791.20 99.53
Vanguard S&p 500 Etf idx fd 1.37 52654 +2.00% 1986.90 0.00
Exxon Mobil Corporation (XOM) 1.28 112277 -4.00% 872.80 84.57
Wells Fargo & Company (WFC) 1.24 214428 +46.00% 442.80 53.90
Merck & Co (MRK) 1.17 143186 -5.00% 624.10 56.20
Berkshire Hathaway (BRK.B) 1.10 58253 -67.00% 1444.70 0.00
Enterprise Products Partners 1.08 298185 276.30 0.00
Flowers Foods (FLO) 1.07 540565 +44.00% 151.20 20.51
Analog Devices (ADI) 1.03 350 NEW 225574.29 57.76
Colgate-Palmolive Company (CL) 0.93 95721 741.40 68.17
Accenture 0.89 55800 -3.00% 1221.70 0.00
Kellogg Company (K) 0.87 85437 -10.00% 774.70 62.16
Starbucks Corporation (SBUX) 0.86 121360 541.40 92.23
Abbvie 0.82 98741 -2.00% 630.70 0.00
McDonald's Corporation (MCD) 0.77 50738 +6.00% 1153.61 96.21
iShares Russell 2000 Index (IWM) 0.75 46271 +3.00% 1242.10 119.90
Mondelez Int 0.75 131250 439.00 0.00
Coca-Cola Company (KO) 0.73 132359 423.20 40.22
iShares MSCI Emerging Markets Indx (EEM) 0.69 140554 -5.00% 374.50 38.45
iShares S&P; US Pref Stock Idx Fnd (PFF) 0.68 131040 395.00 39.78
Sonoco Products Company (SON) 0.67 97138 -12.00% 528.30 44.25
Bristol Myers Squibb (BMY) 0.66 93380 +2.00% 539.19 66.08
Huntsman Corporation (HUN) 0.65 304846 162.70 21.77
CVS Caremark Corporation (CVS) 0.64 54703 889.90 101.90
Schwab Strategic Tr us lrg cap etf 0.60 88431 516.20 0.00
Baidu (BIDU) 0.58 24172 -2.00% 1820.70 207.29
Schwab International Equity ETF (SCHF) 0.58 153140 -10.00% 287.90 29.47
Honeywell International (HON) 0.54 35210 1165.89 100.92
Westrock 0.53 83520 +59.00% 484.81 0.00
Chevron Corporation (CVX) 0.48 35967 -3.00% 1029.19 102.86
Vanguard Mid-Cap ETF (VO) 0.48 28330 1294.39 125.59
SPDR S&P; 500 ETF (SPY) 0.47 16492 -25.00% 2162.99 205.25
Sunoco Logistics Partners (SXL) 0.46 124110 284.10 40.17
Vanguard Small-Cap ETF (VB) 0.46 28605 1221.81 118.34
Ubiquiti Networks 0.46 65225 -25.00% 534.99 0.00
iShares MSCI EAFE Index Fund (EFA) 0.44 56672 +9.00% 591.30 62.56
McCormick & Company, Incorporated (MKC) 0.44 33716 -6.00% 1000.00 72.00
Abbott Laboratories (ABT) 0.43 77522 +3.00% 422.90 46.40
NIKE (NKE) 0.42 61405 -5.00% 526.50 96.37
D.R. Horton (DHI) 0.42 105640 -2.00% 302.00 25.87
Philip Morris International (PM) 0.39 30621 972.21 77.69
Whole Foods Market (WFMI) 0.39 105123 -12.00% 283.50 0.00
Vanguard Pacific ETF (VPL) 0.39 48690 +26.00% 605.79 59.67
SYSCO Corporation (SYY) 0.38 58554 -19.00% 490.09 38.41
Vanguard Mega Cap 300 Growth Index ETF (MGK) 0.36 31858 874.79 82.73
Devon Energy Corporation (DVN) 0.35 61197 -8.00% 441.10 57.71
Johnson Controls (JCI) 0.35 56771 +102.00% 465.31 48.46
AT&T; (T) 0.34 63435 -3.00% 406.10 32.70
Schwab U S Small Cap ETF (SCHA) 0.32 41909 575.51 55.93
Zynga 0.32 844050 29.10 0.00
Discover Financial Services (DFS) 0.31 42486 565.50 58.01
Caterpillar (CAT) 0.31 26997 -12.00% 887.69 79.57
Vanguard Emerging Markets ETF (VWO) 0.31 62233 -2.00% 376.30 39.44
Amazon (AMZN) 0.30 2746 +60.00% 8373.27 372.62
SPDR KBW Regional Banking (KRE) 0.30 54151 -14.00% 422.69 40.18
Spdr Series Trust aerospace def 0.30 38875 +17.00% 583.10 0.00
Boston Scientific Corporation (BSX) 0.29 93575 +222.00% 238.00 16.49
International Business Machines (IBM) 0.29 13809 -48.00% 1588.53 158.25
Highwoods Properties (HIW) 0.29 43131 -14.00% 521.20 43.24
Wabash National Corporation (WNC) 0.28 149200 142.40 14.35
SPDR S&P; China (GXC) 0.28 26750 799.10 78.53
Buckeye Partners (BPL) 0.27 28800 -42.00% 716.01 75.87
Wyndham Worldwide Corporation (WYN) 0.27 30310 -14.00% 673.31 89.37
Astro-Med (ALOT) 0.27 139445 -3.00% 148.00 14.19
Government Properties Income Trust (GOV) 0.26 87200 226.20 22.14
Duke Energy 0.26 24602 800.38 0.00
Wey (WEYS) 0.25 69880 -42.00% 268.70 28.20
Fidelity National Information Services (FIS) 0.24 23800 770.29 65.10
UniFirst Corporation (UNF) 0.24 14079 1318.63 114.67
Powershares Etf Tr Ii s^p smcp ind p 0.24 37270 497.50 0.00
Patriot Transportation Holding 0.24 88705 -2.00% 205.01 0.00
Magellan Midstream Partners (MMP) 0.23 25090 -12.00% 707.41 78.66
First Citizens BancShares (FCNCA) 0.22 5699 2938.94 243.60
Altria (MO) 0.22 27055 632.30 52.47
Intel Corporation (INTC) 0.21 41820 -87.00% 377.50 32.76
MetLife (MET) 0.21 35530 +23.00% 444.30 50.75
Yum! Brands (YUM) 0.20 16736 908.10 77.05
salesforce (CRM) 0.20 21575 +5.00% 713.28 64.26
Lions Gate Entertainment (LGF) 0.20 75847 +7.00% 199.90 32.24
Kewaunee Scientific Corporation (KEQU) 0.20 63944 NEW 238.30 17.20
Mettler-Toledo International (MTD) 0.19 3400 4198.24 306.26
Nextera Energy 0.18 10954 -3.00% 1223.21 0.00
Ingersoll-rand Co Ltd-cl A 0.18 20000 -7.00% 679.40 0.00
VASCO Data Security International (VDSI) 0.18 80225 176.10 21.85
V.F. Corporation (VFC) 0.17 22611 560.48 73.33
Comcast Corporation (CMCSA) 0.16 18712 663.42 58.60
Laboratory Corp. of America Holdings (LH) 0.16 8800 1374.77 121.70
Ares Capital Corporation (ARCC) 0.16 78391 -34.00% 155.01 16.86
Alibaba Group Holding Ltd Spon 0.16 11400 +8.00% 1057.89 0.00
Emerson Electric (EMR) 0.15 20587 -22.00% 545.10 55.87
Acuity Brands (AYI) 0.15 4357 -2.00% 2646.09 159.34
SPDR S&P; Biotech (XBI) 0.15 17650 662.89 226.20
Vanguard Dividend Appreciation ETF (VIG) 0.15 13465 839.29 80.49
Hubbell 0.15 10309 1077.41 0.00
Alerian Mlp Etf 0.14 81620 +30.00% 126.91 0.00
Energy Transfer Equity (ETE) 0.13 57200 167.90 62.31
Schwab U S Broad Market ETF (SCHB) 0.13 18444 +5.00% 523.21 49.95
South State Corporation 0.13 13120 750.38 0.00
KB Home (KBH) 0.12 58850 +8.00% 161.21 13.29
Spectra Energy (SE) 0.12 21768 -51.00% 427.51 34.31
Verizon Communications (VZ) 0.12 18292 +5.00% 519.79 48.01
Atlantic Cap Bancshares 0.12 60000 149.80 0.00
iShares FTSE/Xinhua China 25 Index (FXI) 0.11 21895 -21.00% 380.09 40.81
Home Depot (HD) 0.11 6678 -23.00% 1286.91 113.11
Dominion Resources (D) 0.11 11276 742.73 69.17
Schlumberger (SLB) 0.11 10528 786.38 81.67
Triangle Capital Corporation (TCAP) 0.11 42925 NEW 196.99 23.41
Zoe's Kitchen 0.11 37725 +4.00% 221.90 0.00
Goldman Sachs (GS) 0.10 4763 -3.00% 1612.64 184.67
Advance Auto Parts (AAP) 0.10 5100 1491.18 147.03
Pioneer Natural Resources (PXD) 0.10 3956 1856.42 153.87
Celgene Corporation (CELG) 0.10 7598 -3.00% 1045.28 118.26
Phillips 66 0.10 9892 -64.00% 805.50 0.00
Phillips 66 Partners 0.10 16000 NEW 486.00 0.00
Stericycle (SRCL) 0.09 9000 801.44 135.67
SPDR S&P; MidCap 400 ETF (MDY) 0.09 2505 2822.75 268.26
Evolent Health 0.09 27080 246.20 0.00
Dentsply Sirona 0.09 12000 594.33 0.00
Canadian Natural Resources 0.08 18400 320.38 0.00
Oracle Corporation (ORCL) 0.08 15374 +2.00% 392.81 41.62
Methode Electronics (MEI) 0.08 18000 349.72 44.40
St. Jude Medical (STJ) 0.08 4923 -9.00% 1229.74 66.17
Vanguard Growth ETF (VUG) 0.08 5692 1122.98 106.62
Schwab Strategic Tr intrm trm 0.08 11054 +10.00% 555.64 0.00
Atlantic Coast Financial Cor 0.08 100000 63.30 0.00
Yadkin Finl Corp Com stock 0.08 23976 -11.00% 262.89 0.00
Autodesk (ADSK) 0.07 7350 -40.00% 723.27 60.20
Vanguard Intermediate-Term Bond ETF (BIV) 0.07 6116 -14.00% 876.55 84.98
iShares MSCI Japan Index (EWJ) 0.07 40000 -42.00% 125.40 12.17
Enbridge Energy Partners (EEP) 0.07 20000 254.30 36.35
Energy Transfer Partners (ETP) 0.07 14770 +4.00% 370.01 54.95
Prospect Capital Corporation (PSEC) 0.07 15787 315.01 8.49
Eaton 0.07 8371 657.15 0.00
Ingevity 0.07 11692 +74.00% 461.00 0.00
Annaly Capital Management (NLY) 0.06 41574 NEW 104.99 10.36
Walt Disney Company (DIS) 0.06 4807 -91.00% 928.65 103.60
Apache Corporation (APA) 0.06 6700 638.66 60.29
Edwards Lifesciences (EW) 0.06 3980 NEW 1205.53 135.16
Union Pacific Corporation (UNP) 0.06 5070 975.35 114.86
Becton, Dickinson and (BDX) 0.06 2604 1797.24 142.79
Novartis AG (NVS) 0.06 6244 -10.00% 789.56 96.03
Agilent Technologies Inc C ommon 0.06 9164 470.86 0.00
Novo Nordisk A/S (NVO) 0.06 10350 -13.00% 415.94 46.07
Dover Corporation (DOV) 0.06 6427 736.42 70.44
Sempra Energy (SRE) 0.06 4505 1071.92 106.08
Silver Wheaton 0.06 16748 NEW 270.30 0.00
Vanguard REIT ETF (VNQ) 0.06 4855 867.35 80.84
HCA HOLDINGS 0.06 5700 756.32 0.00
Hometrust Bancshares 0.06 25000 185.00 0.00
Healthcare Tr Amer Inc cl a 0.06 14900 +13.00% 326.17 0.00
Suntrust Banks Inc $1.00 Par Cmn 0.05 8162 -7.00% 438.01 0.00
Norfolk Southern (NSC) 0.05 4266 -4.00% 970.70 108.18
Kimberly-Clark Corporation (KMB) 0.05 3050 1261.31 103.80
Automatic Data Processing (ADP) 0.05 3951 -5.00% 882.06 85.00
Intuitive Surgical (ISRG) 0.05 490 7248.98 489.66
iShares MSCI Hong Kong Index Fund (EWH) 0.05 16350 220.12 21.09
Vanguard Total Stock Market ETF (VTI) 0.05 3367 1113.16 106.32
Vanguard European ETF (VGK) 0.05 7210 +2.00% 487.24 53.41
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.05 13387 NEW 299.77 33.58
Qorvo 0.05 6526 557.46 0.00
PNC Financial Services (PNC) 0.04 3149 900.92 93.21
Teva Pharmaceutical Industries (TEVA) 0.04 6625 +9.00% 460.08 57.77
SVB Financial (SIVB) 0.04 2740 1105.47 124.11
E.I. du Pont de Nemours & Company (DD) 0.04 4714 669.71 79.13
Praxair (PX) 0.04 2405 1208.32 124.53
Target Corporation (TGT) 0.04 4399 686.75 77.89
UnitedHealth (UNH) 0.04 2365 +3.00% 1400.00 113.33
Visa (V) 0.04 3620 -21.00% 827.07 266.74
iShares S&P; Global Energy Sector (IXC) 0.04 10100 328.71 34.67
Schwab Strategic Tr us dividend eq 0.04 7486 423.06 0.00
Twitter 0.04 12550 NEW 230.52 0.00
Trupanion 0.04 16500 169.03 0.00
CSX Corporation (CSX) 0.03 8130 -7.00% 305.04 33.62
Baxter International (BAX) 0.03 4560 476.10 67.92
Lennar Corporation (LEN) 0.03 5945 +8.00% 423.38 48.23
Pulte (PHM) 0.03 11800 200.42 21.23
Reynolds American (RAI) 0.03 4200 471.43 70.03
Newell Rubbermaid (NWL) 0.03 4730 526.64 37.57
CIGNA Corporation (CI) 0.03 1683 -2.00% 1303.03 120.83
TOTAL S.A. (TOT) 0.03 4085 -3.00% 477.11 48.03
Plains All American Pipeline (PAA) 0.03 8088 314.05 47.37
CenterState Banks (CSFL) 0.03 13100 -65.00% 177.33 11.83
Tanger Factory Outlet Centers (SKT) 0.03 6292 -26.00% 389.54 34.92
iShares S&P; 500 Growth Index (IVW) 0.03 1675 NEW 1216.72 113.07
SPDR Dow Jones Industrial Average ETF (DIA) 0.03 1300 1827.69 176.97
iShares S&P; Global Technology Sect. (IXN) 0.03 2200 1107.27 96.00
SPDR DJ Wilshire Mid Cap Growth (MDYG) 0.03 2000 1275.50 122.50
Vanguard Mega Cap 300 Index (MGC) 0.03 2595 NEW 737.57 69.92
stock 0.03 3575 NEW 586.85 0.00
Antero Res 0.03 9424 -33.00% 269.52 0.00
American Express Company (AXP) 0.02 2825 NEW 640.35 79.39
Lincoln National Corporation (LNC) 0.02 3650 -30.00% 469.86 56.84
Equifax (EFX) 0.02 1400 NEW 1345.71 91.97
Moody's Corporation (MCO) 0.02 1501 NEW 1082.61 95.46
Canadian Natl Ry 0.02 2533 NEW 654.17 0.00
Northrop Grumman Corporation (NOC) 0.02 822 NEW 2139.90 158.85
Sherwin-Williams Company (SHW) 0.02 500 NEW 2766.00 281.82
Travelers Companies (TRV) 0.02 1020 NEW 1145.10 105.54
Boeing Company (BA) 0.02 1094 NEW 1317.18 152.38
Regions Financial Corporation (RF) 0.02 11848 98.67 9.54
National-Oilwell Var (NOV) 0.02 4009 NEW 367.42 50.15
Amgen (AMGN) 0.02 773 NEW 1667.53 153.92
Marsh & McLennan Companies (MMC) 0.02 2789 NEW 672.64 55.76
Occidental Petroleum Corporation (OXY) 0.02 2352 NEW 729.17 74.23
Rio Tinto (RIO) 0.02 5450 NEW 333.94 42.40
Stryker Corporation (SYK) 0.02 1000 NEW 1164.00 90.61
Texas Instruments Incorporated (TXN) 0.02 1970 NEW 702.03 57.48
General Dynamics Corporation (GD) 0.02 763 -80.00% 1551.77 133.60
AutoZone (AZO) 0.02 205 -19.00% 7682.93 644.63
Infinera (INFN) 0.02 21150 +5.00% 90.31 18.11
NuStar Energy (NS) 0.02 3250 NEW 495.69 59.89
Worthington Industries (WOR) 0.02 2699 NEW 480.18 25.15
Bovie Medical Corporation (BVX) 0.02 29771 52.10 3.21
Piedmont Natural Gas Company (PNY) 0.02 2560 NEW 600.39 35.08
Rbc Cad 0.02 2900 NEW 619.66 0.00
PowerShares QQQ Trust, Series 1 (QQQQ) 0.02 1379 NEW 1187.09 0.00
Scripps Networks Interactive (SNI) 0.02 1824 NEW 634.87 71.97
iShares Russell 1000 Growth Index (IWF) 0.02 1221 NEW 1041.77 97.71
Vanguard Large-Cap ETF (VV) 0.02 1430 NEW 991.61 94.44
IPATH MSCI India Index Etn 0.02 1790 -53.00% 692.18 0.00
iShares MSCI Pacific ex-Japan Idx (EPP) 0.02 2725 NEW 422.75 44.40
Industries N shs - a - 0.02 2041 NEW 806.47 0.00
Vanguard Health Care ETF (VHT) 0.02 1100 NEW 1329.09 132.20
Schwab Emerging Markets Equity ETF (SCHE) 0.02 5800 NEW 230.52 23.47
Marathon Petroleum 0.02 3756 NEW 406.02 0.00
Wp Carey 0.02 1926 NEW 645.38 0.00
Capit Bk Fin A 0.02 3765 NEW 321.12 0.00
Fireeye 0.02 9375 NEW 147.31 0.00
Fnf 0.02 3391 NEW 369.21 0.00
Petroleum & Res Corp Com cef 0.02 6466 NEW 199.35 0.00
Kraft Heinz 0.02 1926 -74.00% 895.12 0.00
BP (BP) 0.01 2024 NEW 351.78 38.44
HSBC Holdings (HBC) 0.01 1229 NEW 375.92 0.00
Taiwan Semiconductor Mfg (TSM) 0.01 2625 NEW 305.90 23.50
U.S. Ban (USB) 0.01 1200 NEW 429.17 43.76
Bank of New York Mellon Corporation (BK) 0.01 2067 NEW 398.65 39.44
Costco Wholesale Corporation (COST) 0.01 275 -91.00% 1523.64 148.30
FedEx Corporation (FDX) 0.01 466 NEW 1744.64 170.82
Monsanto Company (MON) 0.01 550 NEW 1021.82 117.22
Copart (CPRT) 0.01 2047 NEW 535.42 36.58
Cummins (CMI) 0.01 400 NEW 1282.50 137.75
Leggett & Platt (LEG) 0.01 2000 NEW 456.00 44.11
Nucor Corporation (NUE) 0.01 890 NEW 494.38 45.99
T. Rowe Price (TROW) 0.01 1035 NEW 400.00 81.65
Dow Chemical Company (DOW) 0.01 995 NEW 518.59 47.09
Harley-Davidson (HOG) 0.01 1415 NEW 525.80 62.41
Morgan Stanley (MS) 0.01 3433 NEW 320.71 34.94
AmerisourceBergen (ABC) 0.01 600 NEW 808.33 103.61
Cincinnati Financial Corporation (CINF) 0.01 1436 NEW 754.18 52.08
Raytheon Company (RTN) 0.01 284 NEW 1362.68 106.21
Thermo Fisher Scientific (TMO) 0.01 250 NEW 1592.00 127.98
Helmerich & Payne (HP) 0.01 580 NEW 672.41 63.63
NiSource (NI) 0.01 3000 NEW 241.00 41.22
Convergys Corporation (CVG) 0.01 2834 NEW 304.16 21.27
Lockheed Martin Corporation (LMT) 0.01 366 NEW 2396.17 197.87
Capital One Financial (COF) 0.01 1064 -92.00% 718.05 77.96
ConocoPhillips (COP) 0.01 1385 -95.00% 434.66 61.42
Deere & Company (DE) 0.01 830 NEW 853.01 90.31
Diageo (DEO) 0.01 675 NEW 1160.00 110.91
Royal Dutch Shell (RDS.A) 0.01 2116 NEW 500.47 0.00
Unilever N.V. (UN) 0.01 1300 NEW 460.77 42.05
Weyerhaeuser Company (WY) 0.01 1677 NEW 319.62 33.37
iShares Russell 1000 Value Index (IWD) 0.01 510 NEW 1056.86 101.93
Illinois Tool Works (ITW) 0.01 617 NEW 1197.73 96.27
NuStar GP Holdings (NSH) 0.01 2000 NEW 256.00 34.82
Clorox Company (CLX) 0.01 800 NEW 1251.25 107.06
ConAgra Foods (CAG) 0.01 1187 NEW 470.94 33.68
Old Republic International Corporation (ORI) 0.01 3078 -91.00% 176.09 14.60
Marathon Oil Corporation (MRO) 0.01 3783 NEW 158.08 26.02
Edison International (EIX) 0.01 1200 NEW 722.50 61.82
iShares Russell 1000 Index (IWB) 0.01 760 NEW 1203.95 114.60
Western Gas Partners (WES) 0.01 1000 NEW 551.00 67.96
Consolidated Communications Holdings (CNSL) 0.01 2236 NEW 252.24 20.83
Oge Energy 0.01 2000 NEW 316.00 0.00
Renasant (RNST) 0.01 1871 NEW 336.18 28.26
SCANA Corporation (SCG) 0.01 1300 NEW 723.85 52.58
South Jersey Industries (SJI) 0.01 2040 NEW 295.59 52.59
Textron (TXT) 0.01 1600 NEW 397.50 42.62
Ashland (ASH) 0.01 777 NEW 1159.59 123.50
Stifel Financial (SF) 0.01 2550 -92.00% 384.31 54.51
Aqua America (WTR) 0.01 2000 NEW 305.00 25.80
National Fuel Gas (NFG) 0.01 1100 NEW 540.91 59.35
Tech Data Corporation (TECD) 0.01 500 NEW 848.00 56.70
BioDelivery Sciences International (BDSI) 0.01 22750 26.99 14.81
iShares Lehman Aggregate Bond (AGG) 0.01 356 NEW 1123.60 110.29
iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) 0.01 864 NEW 1231.48 120.16
American Capital Agency (AGNC) 0.01 3200 NEW 195.31 20.97
iShares MSCI South Korea Index Fund (EWY) 0.01 850 NEW 581.18 55.24
Lakeland Industries (LAKE) 0.01 4000 NEW 99.50 9.59
iShares Dow Jones Select Dividend (DVY) 0.01 810 -94.00% 856.79 76.58
Tri-Continental Corporation (TY) 0.01 5130 NEW 213.84 21.62
Vanguard Value ETF (VTV) 0.01 1012 NEW 869.57 82.99
iShares Russell Midcap Growth Idx. (IWP) 0.01 885 NEW 974.01 95.82
Vanguard Small-Cap Growth ETF (VBK) 0.01 450 NEW 1317.78 130.10
Adams Express Company (ADX) 0.01 4175 NEW 131.50 13.84
Primo Water Corporation (PRMW) 0.01 4499 NEW 121.36 4.43
Vanguard Information Technology ETF (VGT) 0.01 455 NEW 1204.40 105.97
iShares S&P; Global Healthcare Sect. (IXJ) 0.01 500 NEW 1008.00 104.63
iShares S&P; NA Tec.-SW. Idx. Fund (IGV) 0.01 855 NEW 1135.67 94.08
Peoples Bancorp of North Carolina (PEBK) 0.01 1225 NEW 644.44 18.53
Park Sterling Bk Charlott 0.01 5500 NEW 81.27 0.00
CYANOTECH (CYAN) 0.01 15178 37.49 8.49
Schwab Strategic Tr cmn 0.01 2000 NEW 455.50 0.00
Medley Capital Corporation 0.01 9175 NEW 76.29 0.00
Citi 0.01 1841 -82.00% 472.57 0.00
Ralph Lauren 0.01 500 NEW 1012.00 0.00
Express Scripts Holding 0.01 962 NEW 704.78 0.00
Aon 0.01 400 NEW 1125.00 0.00
Oaktree Cap 0.01 1392 -96.00% 423.85 0.00
Clearone 0.01 4000 NEW 112.25 0.00
Sirius Xm Holdings 0.01 13300 41.73 0.00
Potbelly 0.01 5239 NEW 124.26 0.00
Everyday Health 0.01 13500 76.89 0.00
Navient Corporation equity 0.01 3003 NEW 144.86 0.00
Cdk Global Inc equities 0.01 897 NEW 574.14 0.00
Keysight Technologies 0.01 3206 NEW 316.91 0.00
Anthem 0.01 700 NEW 1252.86 0.00
Huntington Bancshares Incorporated (HBAN) 0.00 400 NEW 97.50 10.78
Cognizant Technology Solutions (CTSH) 0.00 100 NEW 480.00 60.57
Time Warner (TWX) 0.00 264 NEW 795.45 83.25
Corning Incorporated (GLW) 0.00 1030 NEW 236.89 22.80
Broadridge Financial Solutions (BR) 0.00 150 NEW 680.00 51.66
Hartford Financial Services (HIG) 0.00 546 NEW 428.57 41.14
Progressive Corporation (PGR) 0.00 200 NEW 315.00 26.15
Two Harbors Investment (TWO) 0.00 2655 NEW 85.12 10.30
Total System Services (TSS) 0.00 24 NEW 458.33 37.47
SLM Corporation (SLM) 0.00 3003 NEW 74.59 9.06
Waste Management (WM) 0.00 364 NEW 637.36 53.00
Archer Daniels Midland Company (ADM) 0.00 100 NEW 420.00 45.32
CBS Corporation (CBS) 0.00 150 NEW 546.67 59.57
Cardinal Health (CAH) 0.00 200 NEW 775.00 87.33
United Parcel Service (UPS) 0.00 299 -91.00% 1093.65 99.32
CarMax (KMX) 0.00 400 NEW 532.50 62.15
Continental Resources (CLR) 0.00 80 NEW 525.00 43.64
Diebold Incorporated (DBD) 0.00 300 NEW 246.67 34.00
Hologic (HOLX) 0.00 208 NEW 389.42 31.98
Stanley Black & Decker (SWK) 0.00 200 NEW 1130.00 95.48
Teradata Corporation (TDC) 0.00 6 NEW 333.33 42.00
Transocean 0.00 26 NEW 115.38 0.00
Vulcan Materials Company (VMC) 0.00 25 NEW 1120.00 82.73
Comerica Incorporated (CMA) 0.00 87 NEW 471.26 45.57
Hanesbrands (HBI) 0.00 732 NEW 252.73 32.16
Waddell & Reed Financial (WDR) 0.00 174 NEW 183.91 48.34
Cato Corporation (CATO) 0.00 100 NEW 330.00 41.12
Manitowoc Company (MTW) 0.00 150 NEW 46.67 19.75
CenturyLink (CTL) 0.00 532 NEW 274.44 35.12
Newfield Exploration (NFX) 0.00 2 NEW 500.00 31.37
Williams-Sonoma (WSM) 0.00 540 NEW 511.11 80.32
Alcoa (AA) 0.00 100 NEW 100.00 30.90
Allstate Corporation (ALL) 0.00 150 NEW 693.33 68.72
Anadarko Petroleum Corporation (APC) 0.00 500 NEW 634.00 79.89
Berkshire Hathaway (BRK.A) 0.00 13 -23.00% 2153.85 0.00
Cenovus Energy 0.00 257 NEW 143.97 0.00
Computer Sciences Corporation (CSC) 0.00 350 -99.00% 522.86 67.18
eBay (EBAY) 0.00 680 NEW 329.41 59.78
NCR Corporation (NCR) 0.00 6 NEW 333.33 28.62
Symantec Corporation (SYMC) 0.00 112 NEW 250.00 23.79
American Electric Power Company (AEP) 0.00 144 -97.00% 638.89 55.21
Encana 0.00 257 NEW 105.06 0.00
Ford Motor Company (F) 0.00 674 NEW 120.18 15.85
Staples (SPLS) 0.00 100 NEW 90.00 16.12
Freeport-McMoRan Copper & Gold (FCX) 0.00 639 NEW 107.98 18.56
Canon (CAJ) 0.00 1141 NEW 290.10 32.87
Syngenta AG (SYT) 0.00 115 NEW 878.26 66.54
PG&E; Corporation (PCG) 0.00 500 NEW 612.00 51.38
EOG Resources (EOG) 0.00 120 NEW 966.67 86.44
Brookfield Infrastructure Part 0.00 45 NEW 355.56 0.00
International Speedway Corporation (ISCA) 0.00 600 NEW 335.00 30.38
Tootsie Roll Industries (TR) 0.00 8 NEW 375.00 32.06
Prudential Financial (PRU) 0.00 187 NEW 818.18 80.31
Middleburg Financial (MBRG) 0.00 606 NEW 282.18 18.34
PetroChina Company (PTR) 0.00 200 NEW 670.00 105.47
Baldwin & Lyons (BWINB) 0.00 100 NEW 260.00 23.30
Frontier Communications (FTR) 0.00 576 NEW 41.67 7.40
Public Service Enterprise (PEG) 0.00 668 NEW 419.16 39.84
priceline.com Incorporated (PCLN) 0.00 15 NEW 14733.33 1190.00
Lexington Realty Trust (LXP) 0.00 1683 NEW 102.79 9.77
ACCO Brands Corporation (ABD) 0.00 11 NEW 90.91 0.00
Radian (RDN) 0.00 725 NEW 135.17 16.13
iShares NASDAQ Biotechnology Index (IBB) 0.00 75 NEW 2893.33 341.41
Louisiana-Pacific Corporation (LPX) 0.00 30 NEW 200.00 15.66
Tenne (TEN) 0.00 7 NEW 571.43 55.28
Estee Lauder Companies (EL) 0.00 12 NEW 916.67 80.58
Entergy Corporation (ETR) 0.00 128 NEW 765.62 75.05
Under Armour (UA) 0.00 100 NEW 390.00 75.07
Key (KEY) 0.00 150 -99.00% 120.00 14.07
Sigma Designs (SIGM) 0.00 50 NEW 80.00 7.06
TICC Capital (TICC) 0.00 6200 NEW 58.23 7.42
Transcanada 0.00 300 NEW 476.67 0.00
Zions Bancorporation (ZION) 0.00 100 NEW 310.00 26.82
Ampco-Pittsburgh (AP) 0.00 25 NEW 120.00 17.13
Cypress Semiconductor Corporation (CY) 0.00 1109 NEW 121.73 15.52
Herbalife Ltd Com Stk 0.00 450 NEW 620.00 0.00
Imation (IMN) 0.00 16 NEW 0.00 4.13
Myers Industries (MYE) 0.00 1644 NEW 130.17 18.73
Prosperity Bancshares (PRSP) 0.00 228 NEW 78.95 0.00
Spartan Motors (SPAR) 0.00 25 NEW 80.00 4.77
BHP Billiton (BHP) 0.00 450 NEW 304.44 45.68
Chipotle Mexican Grill (CMG) 0.00 50 NEW 4240.00 665.38
CARBO Ceramics (CRR) 0.00 5 NEW 200.00 34.03
FMC Corporation (FMC) 0.00 400 NEW 482.50 60.36
Kirby Corporation (KEX) 0.00 100 NEW 620.00 74.55
Southwest Airlines (LUV) 0.00 50 NEW 380.00 44.01
Oceaneering International (OII) 0.00 1301 NEW 275.17 51.70
VeriFone Systems (PAY) 0.00 200 NEW 155.00 35.28
Piper Jaffray Companies (PJC) 0.00 52 NEW 480.77 52.39
Boston Beer Company (SAM) 0.00 100 NEW 1550.00 259.65
Selective Insurance (SIGI) 0.00 72 NEW 402.78 27.70
Suburban Propane Partners (SPH) 0.00 129 NEW 333.33 43.73
Tredegar Corporation (TG) 0.00 200 NEW 185.00 19.31
AMREP Corporation (AXR) 0.00 25 NEW 80.00 5.44
Digimarc Corporation (DMRC) 0.00 300 NEW 383.33 21.53
Novagold Resources Inc Cad 0.00 300 NEW 56.67 0.00
Old Dominion Freight Line (ODFL) 0.00 32 -99.00% 687.50 77.51
Urban Outfitters (URBN) 0.00 25 NEW 360.00 44.81
Church & Dwight (CHD) 0.00 600 NEW 480.00 83.20
Luby's (LUB) 0.00 10 NEW 0.00 5.27
Realty Income (O) 0.00 221 NEW 669.68 49.45
Schweitzer-Mauduit International (SWM) 0.00 388 NEW 386.60 46.47
WGL Holdings (WGL) 0.00 342 NEW 625.73 51.87
Encore Wire Corporation (WIRE) 0.00 100 NEW 370.00 33.54
Cass Information Systems (CASS) 0.00 4 NEW 500.00 49.33
Sandy Spring Ban (SASR) 0.00 269 NEW 304.83 25.56
Arbor Realty Trust (ABR) 0.00 1000 NEW 74.00 6.97
HCP (HCP) 0.00 850 NEW 380.00 40.24
iShares Gold Trust (IAU) 0.00 1920 NEW 127.08 11.14
Axcelis Technologies (ACLS) 0.00 685 NEW 132.85 2.65
Data I/O Corporation (DAIO) 0.00 1000 NEW 35.00 3.37
Hawkins (HWKN) 0.00 25 NEW 440.00 37.43
Synalloy Corporation (SYNL) 0.00 5 NEW 0.00 14.96
Nabors Industries Ltd shs 0.00 3 NEW 0.00 0.00
Bassett Furniture Industries (BSET) 0.00 1100 NEW 232.73 25.59
Suncor Energy 0.00 415 NEW 277.11 0.00
Manulife Finl 0.00 2500 NEW 141.20 0.00
iShares MSCI Brazil Index (EWZ) 0.00 10 NEW 300.00 30.55
iShares S&P; MidCap 400 Index (IJH) 0.00 98 NEW 1551.02 147.14
iShares S&P; MidCap 400 Growth (IJK) 0.00 55 NEW 1745.45 165.35
ONEOK (OKE) 0.00 200 NEW 515.00 46.35
Dollar General (DG) 0.00 300 NEW 700.00 71.52
Celldex Therapeutics (CLDX) 0.00 1050 -95.00% 40.00 29.43
Curis (CRIS) 0.00 10000 26.10 3.06
3D Systems Corporation (TDSC) 0.00 1100 NEW 179.09 0.00
iShares S&P; SmallCap 600 Index (IJR) 0.00 125 NEW 1240.00 113.70
PowerShares Water Resources (PHO) 0.00 616 NEW 246.75 24.35
Allied Motion Technologies (AMOT) 0.00 4 NEW 250.00 25.39
Northern Technologies International (NTIC) 0.00 1854 NEW 126.21 21.00
AllianceBernstein Global Hgh Incm Fd (AWF) 0.00 1200 NEW 125.83 12.60
Biglari Holdings (BH) 0.00 1 NEW 4000.00 416.54
iShares Lehman MBS Bond Fund (MBB) 0.00 22 NEW 1090.91 109.62
iShares Barclays TIPS Bond Fund (TIP) 0.00 35 NEW 1171.43 111.97
General Motors Company (GM) 0.00 178 NEW 320.22 37.89
Liberty All-Star Equity Fund (USA) 0.00 1084 NEW 51.66 5.78
PowerShares Preferred Portfolio (PGX) 0.00 667 NEW 151.42 14.83
First Ban (FBNC) 0.00 550 NEW 198.18 16.52
York Water Company (YORW) 0.00 25 NEW 280.00 22.10
Motorola Solutions (MSI) 0.00 42 NEW 761.90 65.32
Kayne Anderson MLP Investment (KYN) 0.00 1621 NEW 206.05 34.45
Vanguard Materials ETF (VAW) 0.00 157 NEW 1070.06 108.61
iShares MSCI BRIC Index Fund (BKF) 0.00 145 NEW 344.83 34.61
Liberty All-Star Growth Fund (ASG) 0.00 644 NEW 43.48 5.11
Vanguard Mid-Cap Growth ETF (VOT) 0.00 100 NEW 1060.00 104.87
iShares Barclays Agency Bond Fund (AGZ) 0.00 22 NEW 1136.36 113.30
iShares Dow Jones US Energy Sector (IYE) 0.00 150 NEW 393.33 42.41
MutualFirst Financial (MFSF) 0.00 200 NEW 275.00 22.40
America First Tax Exempt Investors (ATAX) 0.00 1000 NEW 59.00 5.65
Templeton Emerging Markets Income Fund (TEI) 0.00 1200 NEW 110.00 11.08
Crystal Rock Holdings (CRVP) 0.00 500 NEW 10.00 0.74
Nuveen Real Estate Income Fund (JRS) 0.00 1625 NEW 118.77 11.21
PowerShares Dynamic Market (PWC) 0.00 4 NEW 750.00 73.70
Vanguard Energy ETF (VDE) 0.00 132 NEW 977.27 106.20
New York Mortgage Trust (NYMT) 0.00 1000 NEW 60.00 7.80
Morgan Stanley Emerging Markets Debt (MSD) 0.00 800 NEW 96.25 9.30
RGC Resources (RGCO) 0.00 271 NEW 236.16 21.70
Nuveen North Carol Premium Incom Mun Fd (NNC) 0.00 1035 NEW 142.03 13.05
Luna Innovations Incorporated (LUNA) 0.00 1906 NEW 14.17 1.38
InfuSystem Holdings (INFU) 0.00 12476 27.81 2.61
Kinder Morgan 0.00 1582 NEW 231.35 0.00
Acelrx Pharmaceuticals 0.00 3735 NEW 38.82 0.00
Tesoro Logistics Lp us equity 0.00 500 NEW 484.00 0.00
Kemper Corp Del 0.00 206 NEW 393.20 0.00
American Capital Mortgage In 0.00 500 NEW 172.00 0.00
American Tower Reit 0.00 200 NEW 1135.00 0.00
Wpx Energy 0.00 100 NEW 130.00 0.00
Ishares Inc asia pac30 idx 0.00 125 NEW 464.00 0.00
Wpp Plc- 0.00 18 NEW 1166.67 0.00
Silver Bay Rlty Tr 0.00 48 NEW 166.67 0.00
Global X Fds globx supdv us 0.00 468 NEW 247.86 0.00
Sprint 0.00 202 NEW 64.36 0.00
Tableau Software Inc Cl A 0.00 250 NEW 552.00 0.00
Communityone Ban 0.00 153 NEW 137.25 0.00
Allegion Plc equity 0.00 91 NEW 692.31 0.00
Knowles 0.00 2403 NEW 140.66 0.00
Kate Spade & Co 0.00 500 NEW 172.00 0.00
Endo International 0.00 147 NEW 204.08 0.00
New Media Inv Grp 0.00 72 NEW 152.78 0.00
Now 0.00 76 NEW 210.53 0.00
Time 0.00 32 NEW 468.75 0.00
New Residential Investment 0.00 500 NEW 138.00 0.00
Halyard Health 0.00 355 NEW 346.48 0.00
New Senior Inv Grp 0.00 166 NEW 114.46 0.00
Frp Holdings 0.00 15 NEW 333.33 0.00
Mylan Nv 0.00 800 -97.00% 381.25 0.00
Allergan 0.00 45 -97.00% 2311.11 0.00
Bojangles 0.00 150 NEW 160.00 0.00
Hp 0.00 100 NEW 160.00 0.00
Hewlett Packard Enterprise 0.00 1000 NEW 228.00 0.00
Manitowoc Foodservice 0.00 150 NEW 160.00 0.00
Under Armour Inc Cl C 0.00 100 NEW 340.00 0.00
Charter Communications Inc New Cl A cl a 0.00 4 NEW 2750.00 0.00

Past 13F-HR SEC Filings for SALEM INVESTMENT COUNSELORS