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 December 2015 quarter

Company (Ticker) Portfolio Weight Share Count Price Last Trade
Apple (AAPL) 4.84 363721 105.26 123.28
Pepsi (PEP) 3.81 301909 99.92 93.96
Microsoft Corporation (MSFT) 3.19 454136 55.48 42.00
Berkshire Hathaway (BRK.B) 3.03 181636 132.04 0.00
Lowe's Companies (LOW) 2.69 279386 -2.00% 76.04 73.15
Johnson & Johnson (JNJ) 2.30 176834 102.72 98.55
Walgreen Boots Alliance 2.20 204374 +4.00% 85.15 0.00
General Electric Company (GE) 2.07 525325 31.15 25.35
3M Company (MMM) 1.98 103995 150.64 162.72
BB&T; Corporation (BBT) 1.78 371796 37.81 37.76
Alphabet Inc Class C cs 1.70 17725 NEW 758.87 0.00
Alphabet Inc Class A cs 1.60 16260 NEW 777.98 0.00
United Technologies Corporation (UTX) 1.59 131029 96.07 118.52
Wal-Mart Stores (WMT) 1.49 192236 61.30 81.06
Gilead Sciences (GILD) 1.49 116735 101.19 99.53
Synovus Finl 1.48 360687 32.38 0.00
iShares S&P; 500 Index (IVV) 1.46 56523 +3.00% 204.87 205.96
Intel Corporation (INTC) 1.42 326319 34.45 32.76
Pfizer (PFE) 1.40 343760 32.28 33.78
Procter & Gamble Company (PG) 1.37 136047 79.41 81.31
QUALCOMM (QCOM) 1.22 192399 49.98 71.27
iShares Russell Midcap Index Fund (IWR) 1.22 60373 +3.00% 160.32 169.15
Bank of America Corporation (BAC) 1.18 553222 16.83 15.95
Cisco Systems (CSCO) 1.18 343233 27.15 28.51
Sch Us Mid-cap Etf etf 1.18 233711 +2.00% 40.07 0.00
Facebook Inc cl a 1.18 89278 +12.00% 104.66 0.00
Vanguard S&p 500 Etf idx fd 1.16 49194 186.93 0.00
Kellogg Company (K) 1.14 125165 72.27 62.16
Exxon Mobil Corporation (XOM) 1.13 115004 77.95 84.57
Balchem Corporation (BCPC) 1.11 144134 60.80 55.89
Merck & Co (MRK) 1.06 159059 -15.00% 52.82 56.20
Wells Fargo & Company (WFC) 1.00 146150 54.36 53.90
Keurig Green Mtn 1.00 87809 +4.00% 89.98 0.00
Abbvie 0.99 132662 59.24 0.00
JPMorgan Chase & Co. (JPM) 0.95 113807 66.03 60.16
Starbucks Corporation (SBUX) 0.91 119850 60.03 92.23
McCormick & Company, Incorporated (MKC) 0.86 34603 +133.00% 197.24 72.00
Colgate-Palmolive Company (CL) 0.82 97141 -6.00% 66.62 68.17
Bristol Myers Squibb (BMY) 0.81 92592 68.79 66.08
Accenture 0.78 59115 104.51 0.00
Enterprise Products Partners 0.76 234884 +20.00% 25.58 0.00
Coca-Cola Company (KO) 0.75 137747 42.96 40.22
McDonald's Corporation (MCD) 0.69 45869 118.14 96.21
Ubiquiti Networks 0.67 166995 +2.00% 31.69 0.00
CVS Caremark Corporation (CVS) 0.66 53233 97.78 101.90
Toyota Motor Corporation (TM) 0.66 42247 123.04 134.15
Powershares Etf Tr Ii s^p smcp ind p 0.63 116130 43.23 0.00
iShares MSCI Emerging Markets Indx (EEM) 0.62 153459 32.19 38.45
iShares Russell 2000 Index (IWM) 0.62 43446 +3.00% 112.51 119.90
Sonoco Products Company (SON) 0.59 113405 40.87 44.25
EMC Corporation (EMC) 0.58 177924 -3.00% 25.68 26.24
Schwab International Equity ETF (SCHF) 0.57 163435 +2.00% 27.57 29.47
SPDR S&P; 500 ETF (SPY) 0.55 21485 203.91 205.25
Mondelez Int 0.55 96830 +16.00% 44.84 0.00
Walt Disney Company (DIS) 0.52 39416 -4.00% 105.08 103.60
Philip Morris International (PM) 0.51 45930 -9.00% 87.92 77.69
Whole Foods Market (WFMI) 0.50 118598 33.50 0.00
Wey (WEYS) 0.48 140627 26.76 28.20
Schwab Strategic Tr us lrg cap etf 0.48 78549 +11.00% 48.57 0.00
Berkshire Hathaway (BRK.A) 0.46 18 200055.56 0.00
SYSCO Corporation (SYY) 0.45 86837 -2.00% 41.00 38.41
D.R. Horton (DHI) 0.45 110590 32.03 25.87
Honeywell International (HON) 0.44 33730 103.56 100.92
Discover Financial Services (DFS) 0.42 62386 53.62 58.01
Abbott Laboratories (ABT) 0.42 73622 44.91 46.40
International Business Machines (IBM) 0.42 23942 137.62 158.25
Buckeye Partners (BPL) 0.42 50235 +43.00% 65.97 75.87
Sunoco Logistics Partners (SXL) 0.42 130110 +55.00% 25.70 40.17
Vanguard Mid-Cap ETF (VO) 0.38 24860 +9.00% 120.11 125.59
Chevron Corporation (CVX) 0.37 32792 -3.00% 89.96 102.86
iShares MSCI EAFE Index Fund (EFA) 0.36 49106 58.75 62.56
Roper Industries (ROP) 0.36 14905 189.80 166.10
NIKE (NKE) 0.35 44770 +92.00% 62.50 96.37
Vanguard Small-Cap ETF (VB) 0.35 25021 +8.00% 110.67 118.34
SPDR KBW Regional Banking (KRE) 0.34 63750 41.91 40.18
Vanguard Mega Cap 300 Growth Index ETF (MGK) 0.33 31031 +12.00% 83.05 82.73
Charles Schwab Corporation (SCHW) 0.30 72632 +41.00% 32.93 30.86
V.F. Corporation (VFC) 0.29 36722 62.25 73.33
Zynga 0.29 842800 +12.00% 2.68 0.00
Phillips 66 0.29 27811 +4.00% 81.80 0.00
Highwoods Properties (HIW) 0.28 50831 43.60 43.24
Caterpillar (CAT) 0.27 31736 67.97 79.57
AT&T; (T) 0.27 61077 -2.00% 34.42 32.70
ConocoPhillips (COP) 0.27 46152 -14.00% 46.69 61.42
Astro-Med (ALOT) 0.27 148245 14.45 14.19
SPDR S&P; China (GXC) 0.27 29500 -6.00% 73.49 78.53
Schwab U S Small Cap ETF (SCHA) 0.27 40532 +6.00% 52.08 55.93
Devon Energy Corporation (DVN) 0.26 64782 -12.00% 32.00 57.71
Foot Locker (FL) 0.25 30735 65.10 61.03
Mettler-Toledo International (MTD) 0.25 5850 339.15 306.26
Magellan Midstream Partners (MMP) 0.25 28778 +88.00% 67.93 78.66
Vanguard Emerging Markets ETF (VWO) 0.25 61149 -2.00% 32.71 39.44
Unilever (UL) 0.24 44280 -12.00% 43.11 42.20
VASCO Data Security International (VDSI) 0.24 115605 -8.00% 16.73 21.85
Lions Gate Entertainment (LGF) 0.24 57855 32.39 32.24
Wabash National Corporation (WNC) 0.23 154200 11.83 14.35
SPDR S&P; Biotech (XBI) 0.23 25599 70.08 226.20
Westrock 0.22 37368 45.63 0.00
Autodesk (ADSK) 0.21 26650 NEW 60.94 60.20
Vanguard Pacific ETF (VPL) 0.21 29665 +38.00% 56.67 59.67
Oaktree Cap 0.21 35450 +29.00% 47.73 0.00
Altria (MO) 0.20 27777 -2.00% 58.21 52.47
Ares Capital Corporation (ARCC) 0.20 113650 -30.00% 14.25 16.86
First Citizens BancShares (FCNCA) 0.19 5851 258.25 243.60
UniFirst Corporation (UNF) 0.19 14079 104.20 114.67
Duke Energy 0.19 21336 71.38 0.00
Fidelity National Information Services (FIS) 0.18 23800 60.59 65.10
Government Properties Income Trust (GOV) 0.18 89000 -34.00% 15.87 22.14
Patriot Transportation Holding 0.18 62267 -7.00% 23.21 0.00
Baidu (BIDU) 0.17 6975 NEW 189.10 207.29
Huntsman Corporation (HUN) 0.17 119330 11.37 21.77
MetLife (MET) 0.17 28680 +411.00% 48.22 50.75
Home Depot (HD) 0.16 9320 132.30 113.11
Wyndham Worldwide Corporation (WYN) 0.16 17475 NEW 72.68 89.37
Johnson Controls (JCI) 0.15 29500 +3.00% 39.49 48.46
Yum! Brands (YUM) 0.15 15821 73.07 77.05
Nextera Energy 0.15 11364 103.92 0.00
Tupperware Brands Corporation (TUP) 0.15 20842 -2.00% 55.66 66.12
Transcanada 0.15 36300 -18.00% 32.59 0.00
iShares MSCI Japan Index (EWJ) 0.15 96450 12.12 12.17
Ingersoll-rand Co Ltd-cl A 0.15 21675 55.27 0.00
Fresh Market (TFM) 0.15 50885 -5.00% 23.43 39.78
iShares FTSE/Xinhua China 25 Index (FXI) 0.14 30645 35.27 40.81
Laboratory Corp. of America Holdings (LH) 0.14 8800 123.64 121.70
Capital One Financial (COF) 0.14 15064 72.16 77.96
Stericycle (SRCL) 0.14 9000 120.56 135.67
Kewaunee Scientific Corporation (KEQU) 0.14 64444 17.78 17.20
Spectra Energy (SE) 0.13 43004 -10.00% 23.95 34.31
E.I. du Pont de Nemours & Company (DD) 0.13 15739 -38.00% 66.59 79.13
Emerson Electric (EMR) 0.13 21217 47.84 55.87
Markel Corporation (MKL) 0.13 1185 883.54 738.67
Acuity Brands (AYI) 0.13 4457 233.79 159.34
Celgene Corporation (CELG) 0.13 8408 +6.00% 119.77 118.26
iShares Dow Jones Select Dividend (DVY) 0.13 14097 75.12 76.58
Vanguard Dividend Appreciation ETF (VIG) 0.13 13330 77.79 80.49
South State Corporation 0.13 13820 71.92 0.00
Comcast Corporation (CMCSA) 0.12 17217 NEW 56.46 58.60
Schwab U S Broad Market ETF (SCHB) 0.12 19489 +6.00% 49.05 49.95
Alibaba Group Holding Ltd Spon 0.12 11900 -7.00% 81.26 0.00
Zoe's Kitchen 0.11 31975 27.99 0.00
Dominion Resources (D) 0.10 11581 +4.00% 67.61 69.17
Schlumberger (SLB) 0.10 11513 -8.00% 69.75 81.67
Advance Auto Parts (AAP) 0.10 5100 150.59 147.03
Amazon (AMZN) 0.10 1145 +11.00% 675.98 372.62
Energy Transfer Equity (ETE) 0.10 59200 +4.00% 13.73 62.31
NewBridge Ban (NBBC) 0.10 61791 12.19 8.21
Goldman Sachs (GS) 0.09 4078 180.24 184.67
U.S. Ban (USB) 0.09 16200 NEW 42.65 43.76
KB Home (KBH) 0.09 58425 -6.00% 12.32 13.29
DENTSPLY International (XRAY) 0.09 12000 60.83 51.20
TJX Companies (TJX) 0.09 10425 -4.00% 70.89 67.66
Novo Nordisk A/S (NVO) 0.09 11950 -7.00% 58.08 46.07
Old Republic International Corporation (ORI) 0.09 37978 18.64 14.60
Vanguard High Dividend Yield ETF (VYM) 0.09 11105 +15.00% 66.73 67.70
Hubbell Incorporated (HUB.B) 0.08 6606 -36.00% 100.97 0.00
Novartis AG (NVS) 0.08 6944 85.97 96.03
Stryker Corporation (SYK) 0.08 7169 92.90 90.61
Oracle Corporation (ORCL) 0.08 17254 36.51 41.62
Enbridge Energy Partners (EEP) 0.08 27400 -33.00% 23.07 36.35
Tempur-Pedic International (TPX) 0.08 8550 70.41 55.78
CenterState Banks (CSFL) 0.08 40000 +41.00% 15.65 11.83
SPDR S&P; MidCap 400 ETF (MDY) 0.08 2555 254.01 268.26
Vanguard Growth ETF (VUG) 0.08 5692 106.47 106.62
Kraft Heinz 0.08 8362 72.71 0.00
Costco Wholesale Corporation (COST) 0.07 3257 161.50 148.30
Kimberly-Clark Corporation (KMB) 0.07 4385 127.25 103.80
General Dynamics Corporation (GD) 0.07 3953 137.36 133.60
Vanguard Intermediate-Term Bond ETF (BIV) 0.07 7094 83.03 84.98
American Axle & Manufact. Holdings (AXL) 0.07 30000 18.93 24.36
Methode Electronics (MEI) 0.07 18000 31.83 44.40
iShares iBoxx $ High Yid Corp Bond (HYG) 0.07 7121 80.61 90.34
Citi 0.07 10857 51.76 0.00
Allergan 0.07 1725 +6.00% 312.46 0.00
Health Care SPDR (XLV) 0.06 6845 72.02 71.27
Verizon Communications (VZ) 0.06 10897 46.25 48.01
Pioneer Natural Resources (PXD) 0.06 3956 125.38 153.87
Energy Transfer Partners (ETP) 0.06 14776 -76.00% 33.70 54.95
iShares MSCI Hong Kong Index Fund (EWH) 0.06 25350 19.80 21.09
Hatteras Financial (HTS) 0.06 37422 -2.00% 13.15 17.61
Hometrust Bancshares 0.06 25000 20.24 0.00
Suntrust Banks Inc $1.00 Par Cmn 0.05 8780 42.82 0.00
Eli Lilly & Co. (LLY) 0.05 4889 84.27 68.81
United Parcel Service (UPS) 0.05 4095 -5.00% 96.21 99.32
Apache Corporation (APA) 0.05 8547 -40.00% 44.46 60.29
Union Pacific Corporation (UNP) 0.05 5070 78.11 114.86
Becton, Dickinson and (BDX) 0.05 2609 154.08 142.79
Agilent Technologies Inc C ommon 0.05 10264 -4.00% 41.80 0.00
Canadian Natural Resources 0.05 18400 -3.00% 21.85 0.00
Prudential Financial (PRU) 0.05 4887 +10.00% 81.44 80.31
Dover Corporation (DOV) 0.05 6427 61.30 70.44
Sempra Energy (SRE) 0.05 4040 94.06 106.08
priceline.com Incorporated (PCLN) 0.05 300 1273.33 1190.00
BHP Billiton (BHP) 0.05 14344 -45.00% 25.79 45.68
Celldex Therapeutics (CLDX) 0.05 24500 +12.00% 15.67 29.43
IPATH MSCI India Index Etn 0.05 5895 64.12 0.00
Vanguard REIT ETF (VNQ) 0.05 4855 79.71 80.84
Jp Morgan Alerian Mlp Index 0.05 14715 -35.00% 28.95 0.00
HCA HOLDINGS 0.05 5625 67.56 0.00
Medtronic 0.05 4848 76.94 0.00
TD Ameritrade Holding (AMTD) 0.04 8313 NEW 34.76 37.51
Norfolk Southern (NSC) 0.04 3806 84.60 108.18
Pulte (PHM) 0.04 16400 -2.00% 17.80 21.23
Automatic Data Processing (ADP) 0.04 3446 84.74 85.00
Target Corporation (TGT) 0.04 4469 72.50 77.89
American Electric Power Company (AEP) 0.04 5265 58.31 55.21
Torchmark Corporation (TMK) 0.04 6000 57.17 53.48
Infinera (INFN) 0.04 17400 -3.00% 18.10 18.11
St. Jude Medical (STJ) 0.04 5323 -2.00% 61.81 66.17
Vanguard Total Stock Market ETF (VTI) 0.04 3393 104.33 106.32
SPDR DJ International Real Estate ETF (RWX) 0.04 7945 39.14 42.22
iShares S&P; Global Energy Sector (IXC) 0.04 10100 28.02 34.67
MutualFirst Financial (MFSF) 0.04 13050 +12.00% 24.90 22.40
Schwab Strategic Tr intrm trm 0.04 5984 +27.00% 53.64 0.00
Schwab Emerging Markets Equity ETF (SCHE) 0.04 18200 -6.00% 19.51 23.47
Schwab Strategic Tr us dividend eq 0.04 7486 38.61 0.00
Eaton 0.04 6271 51.99 0.00
Ishares Inc msci frntr 100 0.04 13685 -2.00% 24.92 0.00
Pizza Inn Holdings 0.04 53750 -6.00% 6.38 0.00
Atlantic Cap Bancshares 0.04 20000 NEW 15.00 0.00
American Express Company (AXP) 0.03 2895 69.43 79.39
PNC Financial Services (PNC) 0.03 2549 95.33 93.21
Lincoln National Corporation (LNC) 0.03 5275 50.24 56.84
Teva Pharmaceutical Industries (TEVA) 0.03 3263 NEW 65.58 57.77
Lennar Corporation (LEN) 0.03 5500 48.91 48.23
Airgas (ARG) 0.03 1500 NEW 138.00 114.17
National-Oilwell Var (NOV) 0.03 6409 -71.00% 33.55 50.15
CIGNA Corporation (CI) 0.03 1823 -9.00% 146.46 120.83
GlaxoSmithKline (GSK) 0.03 6096 40.35 45.62
Praxair (PX) 0.03 2020 102.48 124.53
UnitedHealth (UNH) 0.03 2275 117.80 113.33
Visa (V) 0.03 3200 77.50 266.74
Plains All American Pipeline (PAA) 0.03 10088 -78.00% 23.10 47.37
World Fuel Services Corporation (INT) 0.03 5450 NEW 38.53 53.16
Old Dominion Freight Line (ODFL) 0.03 4662 58.99 77.51
Skyworks Solutions (SWKS) 0.03 2925 76.92 92.91
Piedmont Natural Gas Company (PNY) 0.03 3680 NEW 57.07 35.08
Tanger Factory Outlet Centers (SKT) 0.03 6192 -27.00% 32.62 34.92
SPDR Dow Jones Industrial Average ETF (DIA) 0.03 1300 173.85 176.97
Chatham Lodging Trust (CLDT) 0.03 11000 20.45 28.75
iShares S&P; Global Technology Sect. (IXN) 0.03 2200 NEW 97.73 96.00
SPDR DJ Wilshire Mid Cap Growth (MDYG) 0.03 2000 117.50 122.50
Southern First Bancshares (SFST) 0.03 12000 22.67 16.93
Allison Transmission Hldngs I 0.03 9300 25.91 0.00
Exactech (EXAC) 0.02 10000 18.20 21.90
Alerian Mlp Etf 0.02 15000 NEW 12.07 0.00
Kinder Morgan 0.02 12208 -92.00% 14.91 0.00
Carlyle Group L P 0.02 10400 -51.00% 15.58 0.00
Petroleum & Res Corp Com cef 0.02 10592 17.75 0.00
Regions Financial Corporation (RF) 0.01 11848 9.62 9.54
Chesapeake Energy Corporation (CHK) 0.01 14208 -64.00% 4.50 14.13
Prospect Capital Corporation (PSEC) 0.01 16375 -20.00% 6.96 8.49
BioDelivery Sciences International (BDSI) 0.01 22750 4.79 14.81
CYANOTECH (CYAN) 0.01 12078 5.46 8.49
Medley Capital Corporation 0.01 10575 -14.00% 7.57 0.00
Everyday Health 0.01 13500 NEW 6.00 0.00
Trupanion 0.01 11000 NEW 9.73 0.00
Bovie Medical Corporation (BVX) 0.00 12724 NEW 2.12 3.21
Curis (CRIS) 0.00 10000 2.90 3.06