The Securities and Exchange Commission has not necessarily
reviewed the information in this filing and has not determined
if it is accurate and complete.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | 11,418,030 | 69,559 | SH | SOLE | Salem Investment Counselors Inc. | 52,572 | 0 | 16,987 | |
| ABBOTT LABORATORIES | COM | 002824100 | 5,934,149 | 60,044 | SH | SOLE | Salem Investment Counselors Inc. | 45,312 | 0 | 14,732 | |
| ABBVIE INC | COM | 00287Y109 | 34,914,418 | 133,470 | SH | SOLE | Salem Investment Counselors Inc. | 103,393 | 0 | 30,077 | |
| ACACIA RESH CORP | ACACIA TCH COM | 003881307 | 63,202 | 14,664 | SH | SOLE | Salem Investment Counselors Inc. | 14,664 | 0 | 0 | |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 13,072,264 | 71,289 | SH | SOLE | Salem Investment Counselors Inc. | 60,598 | 0 | 10,691 | |
| ACUITY INC | COM | 00508Y102 | 998,208 | 3,222 | SH | SOLE | Salem Investment Counselors Inc. | 3,222 | 0 | 0 | |
| ADOBE INC | COM | 00724F101 | 3,459,215 | 14,417 | SH | SOLE | Salem Investment Counselors Inc. | 8,157 | 0 | 6,260 | |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 | 573,923 | 14,750 | SH | SOLE | 0 | 0 | 14,750 | ||
| ADVANCED MICRO DEVICES INC | COM | 007903107 | 153,287,478 | 250,568 | SH | SOLE | Salem Investment Counselors Inc. | 161,184 | 0 | 89,384 | |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | 332,731 | 1,931 | SH | SOLE | Salem Investment Counselors Inc. | 1,889 | 0 | 42 | |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 235,836 | 2,193 | SH | SOLE | Salem Investment Counselors Inc. | 1,908 | 0 | 285 | |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 | 3,853,899 | 34,027 | SH | SOLE | Salem Investment Counselors Inc. | 19,517 | 0 | 14,510 | |
| ALLSTATE CORP | COM | 020002101 | 859,211 | 3,854 | SH | SOLE | Salem Investment Counselors Inc. | 3,854 | 0 | 0 | |
| ALPHABET INC | CAP STK CL A | 02079K305 | 88,429,249 | 257,002 | SH | SOLE | Salem Investment Counselors Inc. | 190,621 | 0 | 66,381 | |
| ALPHABET INC | CAP STK CL C | 02079K107 | 167,206,136 | 490,715 | SH | SOLE | Salem Investment Counselors Inc. | 380,543 | 0 | 110,172 | |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 | 4,849,687 | 93,497 | SH | SOLE | Salem Investment Counselors Inc. | 33,404 | 0 | 60,093 | |
| ALTRIA GROUP INC | COM | 02209S103 | 1,776,910 | 25,983 | SH | SOLE | Salem Investment Counselors Inc. | 18,894 | 0 | 7,089 | |
| AMAZON COM INC | COM | 023135106 | 120,749,378 | 484,645 | SH | SOLE | Salem Investment Counselors Inc. | 378,380 | 0 | 106,265 | |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 | 222,365 | 1,736 | SH | SOLE | 0 | 0 | 1,736 | ||
| AMERICAN ELEC PWR CO INC | COM | 025537101 | 9,415,666 | 79,363 | SH | SOLE | Salem Investment Counselors Inc. | 52,367 | 0 | 26,996 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 1,296,379 | 4,263 | SH | SOLE | Salem Investment Counselors Inc. | 3,219 | 0 | 1,044 | |
| AMGEN INC | COM | 031162100 | 12,745,226 | 30,237 | SH | SOLE | Salem Investment Counselors Inc. | 18,400 | 0 | 11,837 | |
| AMPHENOL CORP | CL A | 032095101 | 3,709,194 | 43,935 | SH | SOLE | Salem Investment Counselors Inc. | 28,467 | 0 | 15,468 | |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 | 230,356 | 1,900 | SH | SOLE | 0 | 0 | 1,900 | ||
| ANALOG DEVICES INC | COM | 032654105 | 653,779 | 1,648 | SH | SOLE | Salem Investment Counselors Inc. | 862 | 0 | 786 | |
| AON PLC | SHS CL A | G0403H108 | 211,453 | 764 | SH | SOLE | 0 | 0 | 764 | ||
| API GROUP CORP | COM STK | 00187Y100 | 210,911 | 5,464 | SH | SOLE | Salem Investment Counselors Inc. | 5,371 | 0 | 93 | |
| APPLE INC | COM | 037833100 | 309,269,875 | 928,683 | SH | SOLE | Salem Investment Counselors Inc. | 761,305 | 0 | 167,378 | |
| APPLIED MATLS INC | COM | 038222105 | 706,216 | 1,381 | SH | SOLE | Salem Investment Counselors Inc. | 706 | 0 | 675 | |
| ARCHER AVIATION INC | COM CL A | 03945R102 | 51,032 | 10,268 | SH | SOLE | Salem Investment Counselors Inc. | 10,000 | 0 | 268 | |
| ARES CAPITAL CORP | COM | 04010L103 | 1,720,261 | 90,066 | SH | SOLE | Salem Investment Counselors Inc. | 57,855 | 0 | 32,211 | |
| ARISTA NETWORKS INC | COM SHS | 040413205 | 316,787 | 1,556 | SH | SOLE | Salem Investment Counselors Inc. | 480 | 0 | 1,076 | |
| ASHLAND INC | COM | 044186104 | 206,341 | 3,038 | SH | SOLE | Salem Investment Counselors Inc. | 3,005 | 0 | 33 | |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | 15,372,020 | 8,485 | SH | SOLE | Salem Investment Counselors Inc. | 4,695 | 0 | 3,790 | |
| ASTERA LABS INC | COM | 04626A103 | 55,076,747 | 154,723 | SH | SOLE | Salem Investment Counselors Inc. | 114,443 | 0 | 40,280 | |
| AT&T INC | COM | 00206R102 | 923,109 | 37,832 | SH | SOLE | Salem Investment Counselors Inc. | 5,935 | 0 | 31,897 | |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | 648,212 | 2,496 | SH | SOLE | Salem Investment Counselors Inc. | 2,221 | 0 | 275 | |
| AUTOZONE INC | COM | 053332102 | 523,554 | 185 | SH | SOLE | Salem Investment Counselors Inc. | 112 | 0 | 73 | |
| AXIS CAP HLDGS LTD | SHS | G0692U109 | 281,470 | 2,988 | SH | SOLE | Salem Investment Counselors Inc. | 2,988 | 0 | 0 | |
| BALCHEM CORP | COM | 057665200 | 12,181,472 | 73,845 | SH | SOLE | Salem Investment Counselors Inc. | 73,843 | 0 | 2 | |
| BANK OF AMER CORP | COM | 060505104 | 61,827,797 | 1,135,914 | SH | SOLE | Salem Investment Counselors Inc. | 916,069 | 0 | 219,845 | |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | 7,470,050 | 10 | SH | SOLE | Salem Investment Counselors Inc. | 4 | 0 | 6 | |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 85,745,072 | 172,196 | SH | SOLE | Salem Investment Counselors Inc. | 138,683 | 0 | 33,513 | |
| BLACKROCK INC | COM | 09290D101 | 284,681 | 269 | SH | SOLE | Salem Investment Counselors Inc. | 32 | 0 | 237 | |
| BLACKSTONE INC | COM | 09260D107 | 316,431 | 2,823 | SH | SOLE | Salem Investment Counselors Inc. | 2,235 | 0 | 588 | |
| BLOOM ENERGY CORP | COM CL A | 093712107 | 249,282 | 900 | SH | SOLE | Salem Investment Counselors Inc. | 900 | 0 | 0 | |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 | 123,312 | 11,450 | SH | SOLE | Salem Investment Counselors Inc. | 1,350 | 0 | 10,100 | |
| BONDBLOXX ETF TRUST | BLOOMBERG SIX MN | 09789C788 | 252,255 | 5,020 | SH | SOLE | 0 | 0 | 5,020 | ||
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 | 201,318 | 2,900 | SH | SOLE | Salem Investment Counselors Inc. | 2,450 | 0 | 450 | |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | 9,043,888 | 207,191 | SH | SOLE | Salem Investment Counselors Inc. | 143,400 | 0 | 63,791 | |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 1,316,046 | 21,090 | SH | SOLE | Salem Investment Counselors Inc. | 3,862 | 0 | 17,228 | |
| BROADCOM INC | COM | 11135F101 | 12,098,580 | 34,450 | SH | SOLE | Salem Investment Counselors Inc. | 21,447 | 0 | 13,003 | |
| BROOKFIELD RENEWABLE ENERGY | PARTNERSHIP UNIT | G16258108 | 260,633 | 9,262 | SH | SOLE | 0 | 0 | 9,262 | ||
| BROWN & BROWN INC | COM | 115236101 | 1,461,600 | 24,000 | SH | SOLE | Salem Investment Counselors Inc. | 24,000 | 0 | 0 | |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 | 1,748,293 | 36,800 | SH | SOLE | Salem Investment Counselors Inc. | 36,800 | 0 | 0 | |
| CANADIAN NATL RY CO | COM | 136375102 | 1,316,818 | 11,075 | SH | SOLE | Salem Investment Counselors Inc. | 461 | 0 | 10,614 | |
| CAPITAL GROUP CORE EQUITY ET | SHS CREAT UNIT | 14020V108 | 590,820 | 13,250 | SH | SOLE | 0 | 0 | 13,250 | ||
| CAPITAL ONE FINL CORP | COM | 14040H105 | 8,464,029 | 43,839 | SH | SOLE | Salem Investment Counselors Inc. | 32,014 | 0 | 11,825 | |
| CARIS LIFE SCIENCES INC | COM | 142152107 | 459,450 | 15,000 | SH | SOLE | 0 | 0 | 15,000 | ||
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | 887,087 | 16,170 | SH | SOLE | Salem Investment Counselors Inc. | 7,296 | 0 | 8,874 | |
| CARTERS INC | COM | 146229109 | 3,957,741 | 126,405 | SH | SOLE | Salem Investment Counselors Inc. | 82,905 | 0 | 43,500 | |
| CATERPILLAR INC | COM | 149123101 | 39,545,472 | 48,774 | SH | SOLE | Salem Investment Counselors Inc. | 35,088 | 0 | 13,686 | |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 | 432,401 | 64,925 | SH | SOLE | 0 | 0 | 64,925 | ||
| CENCORA INC | COM | 03073E105 | 334,479 | 1,114 | SH | SOLE | Salem Investment Counselors Inc. | 22 | 0 | 1,092 | |
| CHARLES SCHWAB CORP (THE) | COM | 808513105 | 2,397,660 | 24,531 | SH | SOLE | Salem Investment Counselors Inc. | 12,319 | 0 | 12,212 | |
| CHEVRON CORPORATION | COM | 166764100 | 6,675,431 | 32,689 | SH | SOLE | Salem Investment Counselors Inc. | 19,406 | 0 | 13,283 | |
| CHUBB LIMITED | COM | H1467J104 | 240,135 | 736 | SH | SOLE | Salem Investment Counselors Inc. | 450 | 0 | 286 | |
| CINTAS CORP | COM | 172908105 | 9,802,351 | 50,253 | SH | SOLE | Salem Investment Counselors Inc. | 33,597 | 0 | 16,656 | |
| CISCO SYS INC | COM | 17275R102 | 29,170,638 | 271,027 | SH | SOLE | Salem Investment Counselors Inc. | 218,847 | 0 | 52,180 | |
| CITIGROUP INC | COM NEW | 172967424 | 3,937,319 | 30,409 | SH | SOLE | Salem Investment Counselors Inc. | 24,967 | 0 | 5,442 | |
| COCA COLA CO | COM | 191216100 | 9,165,420 | 105,980 | SH | SOLE | Salem Investment Counselors Inc. | 89,033 | 0 | 16,947 | |
| COHEN & STEERS QUALITY INCOM | COM | 19247L106 | 163,500 | 15,000 | SH | SOLE | Salem Investment Counselors Inc. | 15,000 | 0 | 0 | |
| COLGATE PALMOLIVE CO | COM | 194162103 | 5,837,083 | 68,414 | SH | SOLE | Salem Investment Counselors Inc. | 44,796 | 0 | 23,618 | |
| COMCAST CORP NEW | CL A | 20030N101 | 376,971 | 17,324 | SH | SOLE | Salem Investment Counselors Inc. | 544 | 0 | 16,780 | |
| CONOCOPHILLIPS | COM | 20825C104 | 777,432 | 6,212 | SH | SOLE | Salem Investment Counselors Inc. | 4,626 | 0 | 1,586 | |
| COPART INC | COM | 217204106 | 964,785 | 35,366 | SH | SOLE | Salem Investment Counselors Inc. | 29,166 | 0 | 6,200 | |
| CORNING INC | COM | 219350105 | 2,158,637 | 14,039 | SH | SOLE | Salem Investment Counselors Inc. | 1,048 | 0 | 12,991 | |
| CORTEVA INC | COM | 22052L104 | 210,354 | 2,709 | SH | SOLE | Salem Investment Counselors Inc. | 1,577 | 0 | 1,132 | |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | 21,585,086 | 23,711 | SH | SOLE | Salem Investment Counselors Inc. | 15,308 | 0 | 8,403 | |
| COUPANG INC | CL A | 22266T109 | 306,458 | 22,095 | SH | SOLE | Salem Investment Counselors Inc. | 15,155 | 0 | 6,940 | |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 16,223,086 | 61,277 | SH | SOLE | Salem Investment Counselors Inc. | 50,562 | 0 | 10,715 | |
| CSX CORP | COM | 126408103 | 332,733 | 7,154 | SH | SOLE | Salem Investment Counselors Inc. | 3,429 | 0 | 3,725 | |
| CVS HEALTH CORP | COM | 126650100 | 3,192,415 | 37,255 | SH | SOLE | Salem Investment Counselors Inc. | 30,915 | 0 | 6,340 | |
| D R HORTON INC | COM | 23331A109 | 1,526,654 | 11,172 | SH | SOLE | Salem Investment Counselors Inc. | 6,736 | 0 | 4,436 | |
| DARLING INGREDIENTS INC | COM | 237266101 | 920,121 | 15,156 | SH | SOLE | 0 | 0 | 15,156 | ||
| DAWSON GEOPHYSICAL CO NEW | COM | 239360100 | 73,168 | 26,225 | SH | SOLE | Salem Investment Counselors Inc. | 26,225 | 0 | 0 | |
| DEERE & CO | COM | 244199105 | 934,158 | 1,388 | SH | SOLE | Salem Investment Counselors Inc. | 1,080 | 0 | 308 | |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | 8,974,082 | 16,682 | SH | SOLE | Salem Investment Counselors Inc. | 8,345 | 0 | 8,337 | |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 | 719,474 | 17,366 | SH | SOLE | Salem Investment Counselors Inc. | 14,092 | 0 | 3,274 | |
| DISNEY WALT CO | COM | 254687106 | 963,002 | 9,180 | SH | SOLE | Salem Investment Counselors Inc. | 8,099 | 0 | 1,081 | |
| DOMINION ENERGY INC | COM | 25746U109 | 339,034 | 5,602 | SH | SOLE | Salem Investment Counselors Inc. | 1,211 | 0 | 4,391 | |
| DOVER CORP | COM | 260003108 | 884,747 | 4,730 | SH | SOLE | Salem Investment Counselors Inc. | 4,730 | 0 | 0 | |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | 3,793,526 | 33,274 | SH | SOLE | Salem Investment Counselors Inc. | 18,183 | 0 | 15,091 | |
| DUPONT DE NEMOURS INC | COMMON STOCK | 26614N201 | 384,735 | 2,962 | SH | SOLE | Salem Investment Counselors Inc. | 659 | 0 | 2,303 | |
| DYCOM INDS INC | COM | 267475101 | 3,413,549 | 12,686 | SH | SOLE | Salem Investment Counselors Inc. | 11,736 | 0 | 950 | |
| EATON CORP PLC | SHS | G29183103 | 15,207,867 | 35,391 | SH | SOLE | Salem Investment Counselors Inc. | 26,559 | 0 | 8,832 | |
| ECOLAB INC | COM | 278865100 | 511,802 | 1,859 | SH | SOLE | Salem Investment Counselors Inc. | 1,064 | 0 | 795 | |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 | 775,499 | 8,984 | SH | SOLE | Salem Investment Counselors Inc. | 3,978 | 0 | 5,006 | |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | 564,178 | 1,451 | SH | SOLE | Salem Investment Counselors Inc. | 1,152 | 0 | 299 | |
| ELI LILLY & CO | COM | 532457108 | 91,315,943 | 78,919 | SH | SOLE | Salem Investment Counselors Inc. | 59,503 | 0 | 19,416 | |
| EMCOR GROUP INC | COM | 29084Q100 | 754,490 | 1,000 | SH | SOLE | 0 | 0 | 1,000 | ||
| EMERSON ELEC CO | COM | 291011104 | 2,562,563 | 16,522 | SH | SOLE | Salem Investment Counselors Inc. | 15,278 | 0 | 1,244 | |
| ENBRIDGE INC | COM | 29250N105 | 7,476,708 | 160,824 | SH | SOLE | Salem Investment Counselors Inc. | 101,543 | 0 | 59,281 | |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | 7,579,561 | 383,387 | SH | SOLE | Salem Investment Counselors Inc. | 236,647 | 0 | 146,740 | |
| ENTEGRIS INC | COM | 29362U104 | 12,448,665 | 80,804 | SH | SOLE | Salem Investment Counselors Inc. | 54,283 | 0 | 26,521 | |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 9,055,374 | 254,293 | SH | SOLE | Salem Investment Counselors Inc. | 203,038 | 0 | 51,255 | |
| EVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 30049H102 | 309,690 | 66,600 | SH | SOLE | Salem Investment Counselors Inc. | 66,600 | 0 | 0 | |
| EXPAND ENERGY CORPORATION | COM | 165167735 | 672,048 | 7,992 | SH | SOLE | 0 | 0 | 7,992 | ||
| EXXONMOBIL HOLDINGS CORP | COM SHS | 30233Q108 | 15,237,795 | 93,627 | SH | SOLE | Salem Investment Counselors Inc. | 75,701 | 0 | 17,926 | |
| EZCORP INC | CL A NON VTG | 302301106 | 919,287 | 30,890 | SH | SOLE | Salem Investment Counselors Inc. | 30,890 | 0 | 0 | |
| F N B CORP | COM | 302520101 | 593,505 | 34,486 | SH | SOLE | Salem Investment Counselors Inc. | 18,808 | 0 | 15,678 | |
| FEDEX CORP | COM | 31428X106 | 6,819,758 | 23,822 | SH | SOLE | Salem Investment Counselors Inc. | 17,677 | 0 | 6,145 | |
| FEDEX FGHT HLDG CO INC | COMMON STOCK | 314352105 | 1,222,760 | 11,179 | SH | SOLE | Salem Investment Counselors Inc. | 8,511 | 0 | 2,668 | |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 | 463,545 | 225 | SH | SOLE | Salem Investment Counselors Inc. | 115 | 0 | 110 | |
| FIRST TR EXCHANGE TRADED FD | SMID RISNG ETF | 33741X102 | 217,996 | 5,372 | SH | SOLE | 0 | 0 | 5,372 | ||
| FIRST TR EXCHANGE-TRADED FD | NASDQ CLN EDGE | 33737A108 | 595,976 | 3,365 | SH | SOLE | Salem Investment Counselors Inc. | 2,645 | 0 | 720 | |
| FLOWERS FOODS INC | COM | 343498101 | 1,966,965 | 354,408 | SH | SOLE | Salem Investment Counselors Inc. | 238,880 | 0 | 115,528 | |
| FORTINET INC | COM | 34959E109 | 1,922,922 | 10,757 | SH | SOLE | Salem Investment Counselors Inc. | 7,555 | 0 | 3,202 | |
| FRP HLDGS INC | COM | 30292L107 | 2,364,724 | 113,634 | SH | SOLE | Salem Investment Counselors Inc. | 83,816 | 0 | 29,818 | |
| GE AEROSPACE | COM NEW | 369604301 | 3,204,462 | 10,261 | SH | SOLE | Salem Investment Counselors Inc. | 10,050 | 0 | 211 | |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | 12,043,117 | 184,230 | SH | SOLE | Salem Investment Counselors Inc. | 114,203 | 0 | 70,027 | |
| GE VERNOVA INC | COM | 36828A101 | 2,611,005 | 2,747 | SH | SOLE | Salem Investment Counselors Inc. | 2,501 | 0 | 246 | |
| GENERAL DYNAMICS CORP | COM | 369550108 | 1,211,512 | 3,651 | SH | SOLE | Salem Investment Counselors Inc. | 2,819 | 0 | 832 | |
| GENERAL MTRS CO | COM | 37045V100 | 362,362 | 4,706 | SH | SOLE | Salem Investment Counselors Inc. | 3,115 | 0 | 1,591 | |
| GILEAD SCIENCES INC | COM | 375558103 | 244,741 | 1,642 | SH | SOLE | Salem Investment Counselors Inc. | 62 | 0 | 1,580 | |
| GLASS HOUSE BRANDS INC | SUB REG LTD VTG | 377130406 | 286,857 | 51,133 | SH | SOLE | Salem Investment Counselors Inc. | 51,133 | 0 | 0 | |
| GLOBAL PMTS INC | COM | 37940X102 | 1,009,197 | 12,357 | SH | SOLE | 0 | 0 | 12,357 | ||
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 | 695,974 | 10,681 | SH | SOLE | Salem Investment Counselors Inc. | 5,806 | 0 | 4,875 | |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 | 2,385,576 | 28,165 | SH | SOLE | Salem Investment Counselors Inc. | 20,965 | 0 | 7,200 | |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 | 339,002 | 18,275 | SH | SOLE | Salem Investment Counselors Inc. | 1,100 | 0 | 17,175 | |
| GLOBAL X FDS | RUSSELL 2000 | 37954Y459 | 413,823 | 26,750 | SH | SOLE | Salem Investment Counselors Inc. | 1,500 | 0 | 25,250 | |
| GLOBE LIFE INC | COM | 37959E102 | 993,900 | 6,000 | SH | SOLE | 0 | 0 | 6,000 | ||
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 | 457,022 | 3,151 | SH | SOLE | Salem Investment Counselors Inc. | 2,634 | 0 | 517 | |
| GOLDMAN SACHS ETF TR | S&P 500 PREMIUM | 38149W622 | 665,773 | 11,925 | SH | SOLE | Salem Investment Counselors Inc. | 625 | 0 | 11,300 | |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | 5,952,280 | 6,611 | SH | SOLE | Salem Investment Counselors Inc. | 4,073 | 0 | 2,538 | |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 | 695,299 | 75,906 | SH | SOLE | 0 | 0 | 75,906 | ||
| GREEN BRICK PARTNERS INC | COM | 392709101 | 42,950,874 | 649,688 | SH | SOLE | Salem Investment Counselors Inc. | 481,294 | 0 | 168,394 | |
| HCA HEALTHCARE INC | COM | 40412C101 | 1,387,332 | 3,251 | SH | SOLE | Salem Investment Counselors Inc. | 3,225 | 0 | 26 | |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 | 356,964 | 17,875 | SH | SOLE | 0 | 0 | 17,875 | ||
| HERC HLDGS INC | COM | 42704L104 | 2,851,056 | 22,845 | SH | SOLE | Salem Investment Counselors Inc. | 16,315 | 0 | 6,530 | |
| HOME DEPOT INC | COM | 437076102 | 6,824,195 | 23,987 | SH | SOLE | Salem Investment Counselors Inc. | 14,214 | 0 | 9,773 | |
| HONEYWELL AEROSPACE INC | COM | 43849R105 | 2,959,463 | 19,097 | SH | SOLE | Salem Investment Counselors Inc. | 15,543 | 0 | 3,554 | |
| HONEYWELL INTL INC | COM | 438516205 | 4,410,437 | 20,908 | SH | SOLE | Salem Investment Counselors Inc. | 16,821 | 0 | 4,087 | |
| HUBBELL INC | COM | 443510607 | 7,915,774 | 17,451 | SH | SOLE | Salem Investment Counselors Inc. | 13,277 | 0 | 4,174 | |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | 3,425,105 | 222,212 | SH | SOLE | Salem Investment Counselors Inc. | 127,300 | 0 | 94,912 | |
| IDAHO STRATEGIC RESOURCES | COM NEW | 645827205 | 450,800 | 16,100 | SH | SOLE | Salem Investment Counselors Inc. | 16,100 | 0 | 0 | |
| INDIE SEMICONDUCTOR INC | CLASS A COM | 45569U101 | 76,910 | 26,294 | SH | SOLE | 0 | 0 | 26,294 | ||
| INFUSYSTEM HLDGS INC | COM | 45685K102 | 288,956 | 22,417 | SH | SOLE | Salem Investment Counselors Inc. | 22,417 | 0 | 0 | |
| INGERSOLL RAND INC | COM | 45687V106 | 902,823 | 12,020 | SH | SOLE | Salem Investment Counselors Inc. | 7,057 | 0 | 4,963 | |
| INGEVITY CORP | COM | 45688C107 | 3,164,082 | 44,722 | SH | SOLE | Salem Investment Counselors Inc. | 438 | 0 | 44,284 | |
| INTEL CORP | COM | 458140100 | 7,517,622 | 62,527 | SH | SOLE | Salem Investment Counselors Inc. | 58,061 | 0 | 4,466 | |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 1,397,436 | 6,354 | SH | SOLE | Salem Investment Counselors Inc. | 5,412 | 0 | 942 | |
| INTERNATIONAL FLAVORS&FRAGRA | COM | 459506101 | 415,878 | 4,958 | SH | SOLE | 0 | 0 | 4,958 | ||
| INTUIT | COM | 461202103 | 3,179,488 | 11,532 | SH | SOLE | Salem Investment Counselors Inc. | 7,827 | 0 | 3,705 | |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | 26,105,646 | 64,200 | SH | SOLE | Salem Investment Counselors Inc. | 44,358 | 0 | 19,842 | |
| INVESCO EXCH TRADED FD TR II | S&P SMLCP INDL | 46138E123 | 3,954,498 | 24,793 | SH | SOLE | Salem Investment Counselors Inc. | 22,793 | 0 | 2,000 | |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | 478,984 | 8,800 | SH | SOLE | 0 | 0 | 8,800 | ||
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL TEC | 46137V282 | 266,141 | 4,041 | SH | SOLE | 0 | 0 | 4,041 | ||
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 46137V357 | 1,151,599 | 5,536 | SH | SOLE | Salem Investment Counselors Inc. | 100 | 0 | 5,436 | |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 4,660,867 | 6,296 | SH | SOLE | Salem Investment Counselors Inc. | 4,007 | 0 | 2,289 | |
| IQVIA HLDGS INC | COM | 46266C105 | 321,814 | 1,197 | SH | SOLE | Salem Investment Counselors Inc. | 327 | 0 | 870 | |
| IRON MTN INC DEL | COM | 46284V101 | 7,854,010 | 70,786 | SH | SOLE | Salem Investment Counselors Inc. | 51,064 | 0 | 19,722 | |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | 2,484,404 | 52,480 | SH | SOLE | Salem Investment Counselors Inc. | 37,351 | 0 | 15,129 | |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | 343,172 | 4,394 | SH | SOLE | Salem Investment Counselors Inc. | 1,997 | 0 | 2,397 | |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | 1,978,519 | 24,378 | SH | SOLE | Salem Investment Counselors Inc. | 14,913 | 0 | 9,465 | |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 | 715,065 | 7,337 | SH | SOLE | Salem Investment Counselors Inc. | 7,337 | 0 | 0 | |
| ISHARES SILVER TR | ISHARES | 46428Q109 | 311,798 | 5,720 | SH | SOLE | Salem Investment Counselors Inc. | 2,920 | 0 | 2,800 | |
| ISHARES TR | 0-3 MTH TREASURY | 46436E718 | 947,462 | 9,411 | SH | SOLE | 0 | 0 | 9,411 | ||
| ISHARES TR | CORE MSCI EAFE | 46432F842 | 2,483,242 | 25,632 | SH | SOLE | Salem Investment Counselors Inc. | 15,288 | 0 | 10,344 | |
| ISHARES TR | CORE S&P MCP ETF | 464287507 | 1,310,156 | 18,209 | SH | SOLE | Salem Investment Counselors Inc. | 8,738 | 0 | 9,471 | |
| ISHARES TR | CORE S&P SCP ETF | 464287804 | 643,324 | 4,729 | SH | SOLE | Salem Investment Counselors Inc. | 3,050 | 0 | 1,679 | |
| ISHARES TR | CORE S&P TTL STK | 464287150 | 728,323 | 4,380 | SH | SOLE | Salem Investment Counselors Inc. | 4,380 | 0 | 0 | |
| ISHARES TR | CORE S&P US GWT | 464287671 | 318,332 | 1,643 | SH | SOLE | Salem Investment Counselors Inc. | 90 | 0 | 1,553 | |
| ISHARES TR | CORE S&P500 ETF | 464287200 | 8,906,576 | 11,630 | SH | SOLE | Salem Investment Counselors Inc. | 6,436 | 0 | 5,194 | |
| ISHARES TR | CORE US AGGBD ET | 464287226 | 2,754,329 | 29,134 | SH | SOLE | Salem Investment Counselors Inc. | 16,889 | 0 | 12,245 | |
| ISHARES TR | EXPANDED TECH | 464287515 | 916,048 | 8,603 | SH | SOLE | Salem Investment Counselors Inc. | 8,177 | 0 | 426 | |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 | 685,449 | 13,427 | SH | SOLE | 0 | 0 | 13,427 | ||
| ISHARES TR | GLOBAL ENERG ETF | 464287341 | 290,547 | 5,100 | SH | SOLE | Salem Investment Counselors Inc. | 5,100 | 0 | 0 | |
| ISHARES TR | GLOBAL TECH ETF | 464287291 | 2,006,306 | 13,536 | SH | SOLE | Salem Investment Counselors Inc. | 13,200 | 0 | 336 | |
| ISHARES TR | ISHARES BIOTECH | 464287556 | 447,587 | 2,126 | SH | SOLE | 0 | 0 | 2,126 | ||
| ISHARES TR | MSCI EAFE ETF | 464287465 | 1,254,368 | 12,074 | SH | SOLE | Salem Investment Counselors Inc. | 3,076 | 0 | 8,998 | |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | 936,663 | 14,024 | SH | SOLE | Salem Investment Counselors Inc. | 8,849 | 0 | 5,175 | |
| ISHARES TR | MSCI USA MIN ETF | 46429B697 | 1,416,583 | 14,538 | SH | SOLE | Salem Investment Counselors Inc. | 7,693 | 0 | 6,845 | |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | 373,586 | 1,681 | SH | SOLE | Salem Investment Counselors Inc. | 967 | 0 | 714 | |
| ISHARES TR | PFD AND INCM SEC | 464288687 | 246,738 | 8,364 | SH | SOLE | Salem Investment Counselors Inc. | 4,514 | 0 | 3,850 | |
| ISHARES TR | RUS 1000 ETF | 464287622 | 932,132 | 2,240 | SH | SOLE | Salem Investment Counselors Inc. | 592 | 0 | 1,648 | |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | 2,439,564 | 19,476 | SH | SOLE | Salem Investment Counselors Inc. | 17,188 | 0 | 2,288 | |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | 549,413 | 2,216 | SH | SOLE | Salem Investment Counselors Inc. | 1,351 | 0 | 865 | |
| ISHARES TR | RUS MID CAP ETF | 464287499 | 8,172,639 | 76,587 | SH | SOLE | Salem Investment Counselors Inc. | 62,067 | 0 | 14,520 | |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | 4,173,353 | 15,018 | SH | SOLE | Salem Investment Counselors Inc. | 12,243 | 0 | 2,775 | |
| ISHARES TR | S&P 500 GRWT ETF | 464287309 | 1,135,235 | 7,980 | SH | SOLE | Salem Investment Counselors Inc. | 7,204 | 0 | 776 | |
| ISHARES TR | S&P 500 VAL ETF | 464287408 | 1,666,444 | 7,300 | SH | SOLE | Salem Investment Counselors Inc. | 2,000 | 0 | 5,300 | |
| ISHARES TR | SELECT DIVID ETF | 464287168 | 2,319,510 | 15,253 | SH | SOLE | Salem Investment Counselors Inc. | 14,878 | 0 | 375 | |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 | 358,540 | 3,250 | SH | SOLE | Salem Investment Counselors Inc. | 3,250 | 0 | 0 | |
| J P MORGAN EXCHANGE TRADED F | BETABUILDRS US | 46641Q399 | 1,846,737 | 13,423 | SH | SOLE | Salem Investment Counselors Inc. | 14 | 0 | 13,409 | |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | 241,859 | 4,302 | SH | SOLE | Salem Investment Counselors Inc. | 2 | 0 | 4,300 | |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 | 1,454,930 | 32,411 | SH | SOLE | Salem Investment Counselors Inc. | 27,361 | 0 | 5,050 | |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 | 4,161,318 | 82,615 | SH | SOLE | Salem Investment Counselors Inc. | 28,295 | 0 | 54,320 | |
| J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 46641Q761 | 2,516,433 | 34,098 | SH | SOLE | Salem Investment Counselors Inc. | 7,973 | 0 | 26,125 | |
| JABIL INC | COM | 466313103 | 259,609 | 905 | SH | SOLE | Salem Investment Counselors Inc. | 505 | 0 | 400 | |
| JOHNSON & JOHNSON | COM | 478160104 | 46,948,608 | 177,339 | SH | SOLE | Salem Investment Counselors Inc. | 134,779 | 0 | 42,560 | |
| JOURNEY MED CORP | COM | 48115J109 | 241,582 | 35,319 | SH | SOLE | Salem Investment Counselors Inc. | 35,319 | 0 | 0 | |
| JPMORGAN CHASE & CO | COM | 46625H100 | 80,263,421 | 242,612 | SH | SOLE | Salem Investment Counselors Inc. | 176,890 | 0 | 65,722 | |
| KB HOME | COM | 48666K109 | 6,154,720 | 132,445 | SH | SOLE | Salem Investment Counselors Inc. | 116,121 | 0 | 16,324 | |
| KENVUE INC | COM | 49177J102 | 790,614 | 44,451 | SH | SOLE | Salem Investment Counselors Inc. | 26,272 | 0 | 18,179 | |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | 286,136 | 786 | SH | SOLE | Salem Investment Counselors Inc. | 740 | 0 | 46 | |
| KIMBERLY-CLARK CORP | COM | 494368103 | 3,270,974 | 33,258 | SH | SOLE | Salem Investment Counselors Inc. | 19,435 | 0 | 13,823 | |
| KINDER MORGAN INC DEL | COM | 49456B101 | 10,697,582 | 354,812 | SH | SOLE | Salem Investment Counselors Inc. | 264,492 | 0 | 90,320 | |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 | 905,357 | 18,035 | SH | SOLE | Salem Investment Counselors Inc. | 18,025 | 0 | 10 | |
| KRATOS DEFENSE & SEC SOLUTIO | COM NEW | 50077B207 | 555,611 | 13,015 | SH | SOLE | Salem Investment Counselors Inc. | 8,400 | 0 | 4,615 | |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | 455,092 | 1,922 | SH | SOLE | Salem Investment Counselors Inc. | 876 | 0 | 1,046 | |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | 2,959,397 | 9,605 | SH | SOLE | Salem Investment Counselors Inc. | 2,578 | 0 | 7,027 | |
| LAM RESEARCH CORP | COM NEW | 512807306 | 1,508,619 | 4,588 | SH | SOLE | Salem Investment Counselors Inc. | 3,704 | 0 | 884 | |
| LENNAR CORP | CL A | 526057104 | 21,449,070 | 262,888 | SH | SOLE | Salem Investment Counselors Inc. | 203,402 | 0 | 59,486 | |
| LIBERTY ENERGY INC | COM CL A | 53115L104 | 1,202,156 | 65,980 | SH | SOLE | 0 | 0 | 65,980 | ||
| LINCOLN NATL CORP IND | COM | 534187109 | 296,515 | 7,365 | SH | SOLE | Salem Investment Counselors Inc. | 6,687 | 0 | 678 | |
| LINDE PLC | SHS | G54950103 | 674,003 | 1,420 | SH | SOLE | Salem Investment Counselors Inc. | 1,234 | 0 | 186 | |
| LIVE OAK BANCSHARES INC | COM | 53803X105 | 1,135,607 | 31,379 | SH | SOLE | Salem Investment Counselors Inc. | 9,675 | 0 | 21,704 | |
| LOCKHEED MARTIN CORP | COM | 539830109 | 480,732 | 944 | SH | SOLE | Salem Investment Counselors Inc. | 665 | 0 | 279 | |
| LOWES COS INC | COM | 548661107 | 257,311,219 | 1,396,230 | SH | SOLE | Salem Investment Counselors Inc. | 381,118 | 0 | 1,015,112 | |
| MARATHON PETE CORP | COM | 56585A102 | 1,629,922 | 4,122 | SH | SOLE | Salem Investment Counselors Inc. | 3,822 | 0 | 300 | |
| MARKEL GROUP INC | COM | 570535104 | 3,275,917 | 1,913 | SH | SOLE | Salem Investment Counselors Inc. | 740 | 0 | 1,173 | |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | 3,548,195 | 7,395 | SH | SOLE | Salem Investment Counselors Inc. | 6,944 | 0 | 451 | |
| MARVELL TECHNOLOGY INC | COM | 573874104 | 32,797,209 | 124,133 | SH | SOLE | Salem Investment Counselors Inc. | 77,930 | 0 | 46,203 | |
| MASTEC INC | COM | 576323109 | 854,053 | 3,998 | SH | SOLE | Salem Investment Counselors Inc. | 1,089 | 0 | 2,909 | |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 737,316 | 1,337 | SH | SOLE | Salem Investment Counselors Inc. | 307 | 0 | 1,030 | |
| MCDONALDS CORP | COM | 580135101 | 12,407,945 | 53,728 | SH | SOLE | Salem Investment Counselors Inc. | 41,350 | 0 | 12,378 | |
| MCKESSON CORP | COM | 58155Q103 | 358,141 | 419 | SH | SOLE | Salem Investment Counselors Inc. | 144 | 0 | 275 | |
| MEDPACE HLDGS INC | COM | 58506Q109 | 465,015 | 745 | SH | SOLE | Salem Investment Counselors Inc. | 716 | 0 | 29 | |
| MERCADOLIBRE INC | COM | 58733R102 | 5,322,144 | 3,079 | SH | SOLE | Salem Investment Counselors Inc. | 1,808 | 0 | 1,271 | |
| MERCK & CO INC | COM | 58933Y105 | 24,289,567 | 166,272 | SH | SOLE | Salem Investment Counselors Inc. | 122,450 | 0 | 43,822 | |
| META PLATFORMS INC | CL A | 30303M102 | 114,214,367 | 157,498 | SH | SOLE | Salem Investment Counselors Inc. | 122,201 | 0 | 35,297 | |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | 4,986,135 | 3,300 | SH | SOLE | Salem Investment Counselors Inc. | 3,300 | 0 | 0 | |
| MICRON TECHNOLOGY INC | COM | 595112103 | 183,929,586 | 172,686 | SH | SOLE | Salem Investment Counselors Inc. | 141,269 | 0 | 31,417 | |
| MICROSOFT CORP | COM | 594918104 | 205,865,620 | 401,376 | SH | SOLE | Salem Investment Counselors Inc. | 315,564 | 0 | 85,812 | |
| MILLROSE PPTYS INC | COM CL A | 601137102 | 712,072 | 27,419 | SH | SOLE | Salem Investment Counselors Inc. | 18,876 | 0 | 8,543 | |
| MONDELEZ INTL INC | CL A | 609207105 | 6,131,073 | 105,118 | SH | SOLE | Salem Investment Counselors Inc. | 67,658 | 0 | 37,460 | |
| MOODYS CORP | COM | 615369105 | 311,988 | 687 | SH | SOLE | Salem Investment Counselors Inc. | 303 | 0 | 384 | |
| MORGAN STANLEY | COM NEW | 617446448 | 5,946,150 | 31,615 | SH | SOLE | Salem Investment Counselors Inc. | 20,941 | 0 | 10,674 | |
| NATERA INC | COM | 632307104 | 6,637,759 | 16,060 | SH | SOLE | Salem Investment Counselors Inc. | 9,467 | 0 | 6,593 | |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | 6,350,362 | 26,922 | SH | SOLE | Salem Investment Counselors Inc. | 23,535 | 0 | 3,387 | |
| NETFLIX INC. | COM | 64110L106 | 2,008,485 | 28,866 | SH | SOLE | Salem Investment Counselors Inc. | 23,620 | 0 | 5,246 | |
| NEWMONT CORP | COM | 651639106 | 2,991,574 | 25,937 | SH | SOLE | Salem Investment Counselors Inc. | 9,700 | 0 | 16,237 | |
| NEXTERA ENERGY INC | COM | 65339F101 | 5,160,091 | 68,129 | SH | SOLE | Salem Investment Counselors Inc. | 42,176 | 0 | 25,953 | |
| NIKE INC | CL B | 654106103 | 257,900 | 7,202 | SH | SOLE | Salem Investment Counselors Inc. | 3,297 | 0 | 3,905 | |
| NORFOLK SOUTHN CORP | COM | 655844108 | 1,196,757 | 3,873 | SH | SOLE | Salem Investment Counselors Inc. | 3,260 | 0 | 613 | |
| NORTHROP GRUMMAN CORP | COM | 666807102 | 364,061 | 753 | SH | SOLE | Salem Investment Counselors Inc. | 277 | 0 | 476 | |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | 11,087,384 | 77,768 | SH | SOLE | Salem Investment Counselors Inc. | 49,214 | 0 | 28,554 | |
| NOVO-NORDISK A S | ADR | 670100205 | 4,461,704 | 117,692 | SH | SOLE | Salem Investment Counselors Inc. | 70,219 | 0 | 47,473 | |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 | 23,516,280 | 1,857,526 | SH | SOLE | Salem Investment Counselors Inc. | 1,236,050 | 0 | 621,476 | |
| NUCOR CORP | COM | 670346105 | 3,676,675 | 15,692 | SH | SOLE | Salem Investment Counselors Inc. | 14,874 | 0 | 818 | |
| NVIDIA CORPORATION | COM | 67066G104 | 311,923,189 | 1,364,637 | SH | SOLE | Salem Investment Counselors Inc. | 1,069,781 | 0 | 294,856 | |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | 239,260 | 1,003 | SH | SOLE | Salem Investment Counselors Inc. | 228 | 0 | 775 | |
| OCCIDENTAL PETE CORP | COM | 674599105 | 618,106 | 11,117 | SH | SOLE | Salem Investment Counselors Inc. | 3,430 | 0 | 7,687 | |
| ONDAS INC | COM NEW | 68236H204 | 3,075,229 | 419,540 | SH | SOLE | Salem Investment Counselors Inc. | 340,040 | 0 | 79,500 | |
| ONEOK INC NEW | COM | 30609A109 | 1,022,388 | 11,990 | SH | SOLE | Salem Investment Counselors Inc. | 4,848 | 0 | 7,142 | |
| ORACLE CORP | COM | 68389X105 | 4,892,137 | 35,631 | SH | SOLE | Salem Investment Counselors Inc. | 27,812 | 0 | 7,819 | |
| OSISKO GOLD GROUP INC | COM NEW | 68827X105 | 67,398 | 23,900 | SH | SOLE | 0 | 0 | 23,900 | ||
| OTIS WORLDWIDE CORP | COM | 68902V107 | 599,656 | 9,323 | SH | SOLE | Salem Investment Counselors Inc. | 2,990 | 0 | 6,333 | |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 92,777,175 | 496,002 | SH | SOLE | Salem Investment Counselors Inc. | 392,598 | 0 | 103,404 | |
| PALO ALTO NETWORKS INC | COM | 697435105 | 6,610,047 | 16,637 | SH | SOLE | Salem Investment Counselors Inc. | 11,855 | 0 | 4,782 | |
| PARK NATL CORP | COM | 700658107 | 234,224 | 1,311 | SH | SOLE | Salem Investment Counselors Inc. | 1,311 | 0 | 0 | |
| PARKER-HANNIFIN CORP | COM | 701094104 | 223,569 | 234 | SH | SOLE | 0 | 0 | 234 | ||
| PAYCOM SOFTWARE INC | COM | 70432V102 | 491,454 | 2,258 | SH | SOLE | 0 | 0 | 2,258 | ||
| PAYPAL HLDGS INC | COM | 70450Y103 | 394,186 | 7,504 | SH | SOLE | Salem Investment Counselors Inc. | 7,200 | 0 | 304 | |
| PEPSICO INC | COM | 713448108 | 39,879,299 | 314,704 | SH | SOLE | Salem Investment Counselors Inc. | 240,707 | 0 | 73,997 | |
| PERSHING SQUARE INC | COMMON STOCK | 71531U102 | 1,449,406 | 25,910 | SH | SOLE | Salem Investment Counselors Inc. | 18,230 | 0 | 7,680 | |
| PERSHING SQUARE USA LTD | COM SHS | 71531T105 | 2,406,863 | 64,875 | SH | SOLE | Salem Investment Counselors Inc. | 58,000 | 0 | 6,875 | |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 | 7,482,918 | 358,445 | SH | SOLE | Salem Investment Counselors Inc. | 216,471 | 0 | 141,974 | |
| PFIZER INC | COM | 717081103 | 3,017,213 | 105,793 | SH | SOLE | Salem Investment Counselors Inc. | 70,791 | 0 | 35,002 | |
| PHILIP MORRIS INTL INC | COM | 718172109 | 4,301,083 | 22,540 | SH | SOLE | Salem Investment Counselors Inc. | 18,988 | 0 | 3,552 | |
| PHILLIPS 66 | COM | 718546104 | 8,409,657 | 32,939 | SH | SOLE | Salem Investment Counselors Inc. | 23,323 | 0 | 9,616 | |
| PINTEREST INC | CL A | 72352L106 | 812,138 | 42,993 | SH | SOLE | Salem Investment Counselors Inc. | 34,280 | 0 | 8,713 | |
| PNC FINL SVCS GROUP INC | COM | 693475105 | 4,829,266 | 21,728 | SH | SOLE | Salem Investment Counselors Inc. | 15,657 | 0 | 6,071 | |
| PRICE T ROWE GROUP INC | COM | 74144T108 | 4,352,708 | 41,833 | SH | SOLE | Salem Investment Counselors Inc. | 29,036 | 0 | 12,797 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 14,608,478 | 100,554 | SH | SOLE | Salem Investment Counselors Inc. | 72,886 | 0 | 27,668 | |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 | 1,749,066 | 33,208 | SH | SOLE | Salem Investment Counselors Inc. | 32,556 | 0 | 652 | |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 | 569,854 | 4,532 | SH | SOLE | Salem Investment Counselors Inc. | 992 | 0 | 3,540 | |
| QUALCOMM INC | COM | 747525103 | 21,290,078 | 115,682 | SH | SOLE | Salem Investment Counselors Inc. | 93,001 | 0 | 22,681 | |
| QUANTA SVCS INC | COM | 74762E102 | 676,564 | 1,053 | SH | SOLE | Salem Investment Counselors Inc. | 1,000 | 0 | 53 | |
| QXO INC | COM NEW | 82846H405 | 3,892,244 | 332,955 | SH | SOLE | Salem Investment Counselors Inc. | 192,595 | 0 | 140,360 | |
| RAYMOND JAMES FINL INC | COM | 754730109 | 361,234 | 2,286 | SH | SOLE | Salem Investment Counselors Inc. | 2,225 | 0 | 61 | |
| RED VIOLET INC | COM | 75704L104 | 2,134,298 | 27,013 | SH | SOLE | Salem Investment Counselors Inc. | 27,013 | 0 | 0 | |
| REDDIT INC | CL A | 75734B100 | 507,657 | 3,564 | SH | SOLE | Salem Investment Counselors Inc. | 2,890 | 0 | 674 | |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | 8,716,376 | 92,560 | SH | SOLE | Salem Investment Counselors Inc. | 61,586 | 0 | 30,974 | |
| ROYAL BK CDA | COM | 780087102 | 1,015,781 | 5,167 | SH | SOLE | Salem Investment Counselors Inc. | 5,167 | 0 | 0 | |
| RTX CORPORATION | COM | 75513E101 | 40,695,774 | 219,207 | SH | SOLE | Salem Investment Counselors Inc. | 172,787 | 0 | 46,420 | |
| S&P GLOBAL INC | COM | 78409V104 | 201,180 | 510 | SH | SOLE | Salem Investment Counselors Inc. | 500 | 0 | 10 | |
| SALESFORCE INC | COM | 79466L302 | 336,163 | 1,462 | SH | SOLE | Salem Investment Counselors Inc. | 599 | 0 | 863 | |
| SANDISK CORP | COM | 80004C200 | 5,066,560 | 2,912 | SH | SOLE | Salem Investment Counselors Inc. | 2,349 | 0 | 563 | |
| SAVERS VALUE VLG INC | COM | 80517M109 | 221,040 | 24,000 | SH | SOLE | Salem Investment Counselors Inc. | 24,000 | 0 | 0 | |
| SCHEIN HENRY INC | COM | 806407102 | 2,576,200 | 30,680 | SH | SOLE | Salem Investment Counselors Inc. | 25,820 | 0 | 4,860 | |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 | 531,332 | 14,577 | SH | SOLE | Salem Investment Counselors Inc. | 14,016 | 0 | 561 | |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | 3,340,072 | 62,141 | SH | SOLE | Salem Investment Counselors Inc. | 40,949 | 0 | 21,192 | |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 | 1,509,079 | 47,953 | SH | SOLE | Salem Investment Counselors Inc. | 18,685 | 0 | 29,268 | |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | 4,079,076 | 148,492 | SH | SOLE | Salem Investment Counselors Inc. | 106,077 | 0 | 42,415 | |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 | 3,632,973 | 153,290 | SH | SOLE | Salem Investment Counselors Inc. | 92,709 | 0 | 60,581 | |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 | 246,333 | 10,324 | SH | SOLE | 0 | 0 | 10,324 | ||
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | 5,640,353 | 192,438 | SH | SOLE | Salem Investment Counselors Inc. | 103,828 | 0 | 88,610 | |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | 1,111,462 | 34,167 | SH | SOLE | Salem Investment Counselors Inc. | 17,811 | 0 | 16,356 | |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | 355,222 | 9,886 | SH | SOLE | Salem Investment Counselors Inc. | 2,707 | 0 | 7,179 | |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | 225,354 | 6,765 | SH | SOLE | Salem Investment Counselors Inc. | 6,765 | 0 | 0 | |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | 29,136,056 | 971,202 | SH | SOLE | Salem Investment Counselors Inc. | 658,567 | 0 | 312,635 | |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 | 21,973,280 | 645,893 | SH | SOLE | Salem Investment Counselors Inc. | 509,481 | 0 | 136,412 | |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | 10,145,451 | 310,924 | SH | SOLE | Salem Investment Counselors Inc. | 217,358 | 0 | 93,566 | |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 | 236,700 | 9,419 | SH | SOLE | Salem Investment Counselors Inc. | 7,696 | 0 | 1,723 | |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | 630,464 | 683 | SH | SOLE | Salem Investment Counselors Inc. | 118 | 0 | 565 | |
| SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | 2,672,657 | 15,869 | SH | SOLE | Salem Investment Counselors Inc. | 9,559 | 0 | 6,310 | |
| SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | 1,368,745 | 22,256 | SH | SOLE | Salem Investment Counselors Inc. | 6,684 | 0 | 15,572 | |
| SELECT SECTOR SPDR TR | ST STR FINL ETF | 81369Y605 | 439,376 | 8,228 | SH | SOLE | Salem Investment Counselors Inc. | 5,504 | 0 | 2,724 | |
| SELECT SECTOR SPDR TR | ST STR TECHN ETF | 81369Y803 | 3,015,138 | 15,403 | SH | SOLE | Salem Investment Counselors Inc. | 5,014 | 0 | 10,389 | |
| SELECT SECTOR SPDR TR | ST STR UTIL ETF | 81369Y886 | 771,723 | 19,567 | SH | SOLE | Salem Investment Counselors Inc. | 7,000 | 0 | 12,567 | |
| SEMPRA | COM | 816851109 | 635,230 | 8,080 | SH | SOLE | Salem Investment Counselors Inc. | 8,080 | 0 | 0 | |
| SERVICENOW INC | COM | 81762P102 | 3,025,678 | 22,578 | SH | SOLE | Salem Investment Counselors Inc. | 14,773 | 0 | 7,805 | |
| SHELL PLC | SPON ADS | 780259305 | 378,204 | 3,979 | SH | SOLE | Salem Investment Counselors Inc. | 2,471 | 0 | 1,508 | |
| SHERWIN WILLIAMS CO | COM | 824348106 | 752,896 | 2,329 | SH | SOLE | Salem Investment Counselors Inc. | 2,175 | 0 | 154 | |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | 269,822 | 1,344 | SH | SOLE | Salem Investment Counselors Inc. | 171 | 0 | 1,173 | |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | 264,988 | 3,100 | SH | SOLE | Salem Investment Counselors Inc. | 2,100 | 0 | 1,000 | |
| SMURFIT WESTROCK PLC | SHS | G8267P108 | 24,782,304 | 561,957 | SH | SOLE | Salem Investment Counselors Inc. | 309,052 | 0 | 252,905 | |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 | 7,857,598 | 139,517 | SH | SOLE | Salem Investment Counselors Inc. | 97,884 | 0 | 41,633 | |
| SOLVENTUM CORP | COM SHS | 83444M101 | 483,680 | 5,487 | SH | SOLE | Salem Investment Counselors Inc. | 4,177 | 0 | 1,310 | |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 | 1,192,512 | 19,200 | SH | SOLE | 0 | 0 | 19,200 | ||
| SONOCO PRODS CO | COM | 835495102 | 5,385,188 | 110,307 | SH | SOLE | Salem Investment Counselors Inc. | 81,559 | 0 | 28,748 | |
| SOUTHERN CO | COM | 842587107 | 740,985 | 8,939 | SH | SOLE | Salem Investment Counselors Inc. | 4,032 | 0 | 4,907 | |
| SOUTHSTATE BK CORP | COM | 84472E102 | 1,139,166 | 11,442 | SH | SOLE | Salem Investment Counselors Inc. | 10,187 | 0 | 1,255 | |
| SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | 365,836 | 2,425 | SH | SOLE | Salem Investment Counselors Inc. | 1,286 | 0 | 1,139 | |
| SPDR GOLD TR | GOLD SHS | 78463V107 | 645,524 | 1,695 | SH | SOLE | Salem Investment Counselors Inc. | 35 | 0 | 1,660 | |
| SPDR SERIES TRUST | SP O&G EXPL PRO | 78468R556 | 330,864 | 1,845 | SH | SOLE | Salem Investment Counselors Inc. | 1,845 | 0 | 0 | |
| SPDR SERIES TRUST | ST STR SP AERO | 78464A631 | 693,750 | 3,000 | SH | SOLE | 0 | 0 | 3,000 | ||
| SPDR SERIES TRUST | ST STR SP BIOT | 78464A870 | 658,483 | 4,176 | SH | SOLE | Salem Investment Counselors Inc. | 1,476 | 0 | 2,700 | |
| SPDR SERIES TRUST | ST STR SP DIV | 78464A763 | 398,426 | 2,720 | SH | SOLE | Salem Investment Counselors Inc. | 2,220 | 0 | 500 | |
| SPDR SERIES TRUST | ST STR SP400GRW | 78464A821 | 627,180 | 6,000 | SH | SOLE | Salem Investment Counselors Inc. | 6,000 | 0 | 0 | |
| SPDR SERIES TRUST | ST STR SP600 SML | 78468R853 | 352,471 | 6,668 | SH | SOLE | Salem Investment Counselors Inc. | 6,668 | 0 | 0 | |
| SSGA ACTIVE ETF TR | ST STR UL BD ETF | 78467V707 | 759,464 | 18,871 | SH | SOLE | 0 | 0 | 18,871 | ||
| STARBUCKS CORP | COM | 855244109 | 381,948 | 4,065 | SH | SOLE | Salem Investment Counselors Inc. | 3,732 | 0 | 333 | |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 | 408,814 | 802 | SH | SOLE | Salem Investment Counselors Inc. | 620 | 0 | 182 | |
| STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 22,259,088 | 29,128 | SH | SOLE | Salem Investment Counselors Inc. | 19,650 | 0 | 9,478 | |
| STATE STR SPDR S&P MIDCAP 40 | UTSER1 S&PDCRP | 78467Y107 | 3,186,238 | 4,840 | SH | SOLE | Salem Investment Counselors Inc. | 4,195 | 0 | 645 | |
| STRYKER CORPORATION | COM | 863667101 | 1,071,767 | 3,885 | SH | SOLE | Salem Investment Counselors Inc. | 2,640 | 0 | 1,245 | |
| SYNOPSYS INC | COM | 871607107 | 1,640,594 | 3,772 | SH | SOLE | Salem Investment Counselors Inc. | 2,432 | 0 | 1,340 | |
| SYSCO CORP | COM | 871829107 | 3,421,587 | 43,889 | SH | SOLE | Salem Investment Counselors Inc. | 42,011 | 0 | 1,878 | |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 33,622,634 | 73,674 | SH | SOLE | Salem Investment Counselors Inc. | 52,508 | 0 | 21,166 | |
| TARGET CORP | COM | 87612E106 | 409,853 | 2,616 | SH | SOLE | Salem Investment Counselors Inc. | 2,132 | 0 | 484 | |
| TEMPUS AI INC | CL A | 88023B103 | 2,301,390 | 28,100 | SH | SOLE | Salem Investment Counselors Inc. | 22,665 | 0 | 5,435 | |
| TESLA INC | COM | 88160R101 | 4,117,262 | 11,604 | SH | SOLE | Salem Investment Counselors Inc. | 6,030 | 0 | 5,574 | |
| TEXAS INSTRS INC | COM | 882508104 | 2,282,827 | 8,150 | SH | SOLE | Salem Investment Counselors Inc. | 117 | 0 | 8,033 | |
| TEXTRON INC | COM | 883203101 | 2,905,461 | 38,129 | SH | SOLE | Salem Investment Counselors Inc. | 30,165 | 0 | 7,964 | |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 10,467,164 | 15,502 | SH | SOLE | Salem Investment Counselors Inc. | 7,466 | 0 | 8,036 | |
| TIDEWATER INC NEW | COM | 88642R109 | 1,057,950 | 13,045 | SH | SOLE | 0 | 0 | 13,045 | ||
| TJX COS INC NEW | COM | 872540109 | 645,769 | 4,881 | SH | SOLE | Salem Investment Counselors Inc. | 594 | 0 | 4,287 | |
| TOYOTA MOTOR CORP | ADS | 892331307 | 835,303 | 4,562 | SH | SOLE | Salem Investment Counselors Inc. | 3,574 | 0 | 988 | |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | 7,312,133 | 16,178 | SH | SOLE | Salem Investment Counselors Inc. | 7,531 | 0 | 8,647 | |
| TRANSDIGM GROUP INC | COM | 893641100 | 330,193 | 305 | SH | SOLE | Salem Investment Counselors Inc. | 217 | 0 | 88 | |
| TRAVELERS COMPANIES INC | COM | 89417E109 | 274,157 | 769 | SH | SOLE | Salem Investment Counselors Inc. | 584 | 0 | 185 | |
| TRUIST FINL CORP | COM | 89832Q109 | 8,000,018 | 172,787 | SH | SOLE | Salem Investment Counselors Inc. | 123,319 | 0 | 49,468 | |
| TYSON FOODS INC | CL A | 902494103 | 349,264 | 6,912 | SH | SOLE | 0 | 0 | 6,912 | ||
| UBER TECHNOLOGIES INC | COM | 90353T100 | 333,987 | 4,875 | SH | SOLE | Salem Investment Counselors Inc. | 3,176 | 0 | 1,699 | |
| UBIQUITI INC | COM | 90353W103 | 10,344,937 | 18,228 | SH | SOLE | Salem Investment Counselors Inc. | 17,853 | 0 | 375 | |
| ULTA BEAUTY INC | COM | 90384S303 | 222,292 | 407 | SH | SOLE | Salem Investment Counselors Inc. | 30 | 0 | 377 | |
| UNIFIRST CORP MASS | COM | 904708104 | 2,740,940 | 10,941 | SH | SOLE | Salem Investment Counselors Inc. | 8,610 | 0 | 2,331 | |
| UNION PAC CORP | COM | 907818108 | 1,084,983 | 3,987 | SH | SOLE | Salem Investment Counselors Inc. | 2,717 | 0 | 1,270 | |
| UNITED RENTALS INC | COM | 911363109 | 511,399 | 511 | SH | SOLE | Salem Investment Counselors Inc. | 504 | 0 | 7 | |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | 2,978,271 | 8,113 | SH | SOLE | Salem Investment Counselors Inc. | 2,981 | 0 | 5,132 | |
| US BANCORP | COM NEW | 902973304 | 422,346 | 7,265 | SH | SOLE | Salem Investment Counselors Inc. | 80 | 0 | 7,185 | |
| V F CORP | COM | 918204108 | 144,228 | 10,258 | SH | SOLE | Salem Investment Counselors Inc. | 2,954 | 0 | 7,304 | |
| V2X INC | COM | 92242T101 | 1,476,546 | 20,864 | SH | SOLE | Salem Investment Counselors Inc. | 10,894 | 0 | 9,970 | |
| VALERO ENERGY CORP | COM | 91913Y100 | 377,920 | 975 | SH | SOLE | Salem Investment Counselors Inc. | 975 | 0 | 0 | |
| VALVOLINE INC | COM | 92047W101 | 204,952 | 6,800 | SH | SOLE | Salem Investment Counselors Inc. | 6,800 | 0 | 0 | |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 | 216,395 | 2,970 | SH | SOLE | Salem Investment Counselors Inc. | 2,970 | 0 | 0 | |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 | 4,828,351 | 97,444 | SH | SOLE | Salem Investment Counselors Inc. | 41,293 | 0 | 56,151 | |
| VANGUARD INDEX FDS | MRNGSTR GRWT ETF | 922908736 | 3,741,908 | 41,526 | SH | SOLE | Salem Investment Counselors Inc. | 33,264 | 0 | 8,262 | |
| VANGUARD INDEX FDS | MRNGSTR LRG CAP | 922908637 | 267,758 | 761 | SH | SOLE | Salem Investment Counselors Inc. | 761 | 0 | 0 | |
| VANGUARD INDEX FDS | MRNGSTR MD CP GR | 922908538 | 1,204,621 | 4,124 | SH | SOLE | Salem Investment Counselors Inc. | 1,410 | 0 | 2,714 | |
| VANGUARD INDEX FDS | MRNGSTR MID CAP | 922908629 | 22,416,984 | 285,858 | SH | SOLE | Salem Investment Counselors Inc. | 214,764 | 0 | 71,094 | |
| VANGUARD INDEX FDS | MRNGSTR SM CP GR | 922908595 | 439,179 | 1,300 | SH | SOLE | Salem Investment Counselors Inc. | 712 | 0 | 588 | |
| VANGUARD INDEX FDS | MRNGSTR SML CAP | 922908751 | 21,704,881 | 76,294 | SH | SOLE | Salem Investment Counselors Inc. | 57,147 | 0 | 19,147 | |
| VANGUARD INDEX FDS | MRNGSTR TTL STK | 922908769 | 2,490,732 | 6,655 | SH | SOLE | Salem Investment Counselors Inc. | 4,752 | 0 | 1,903 | |
| VANGUARD INDEX FDS | MRNGSTR VAL ETF | 922908744 | 1,354,511 | 6,269 | SH | SOLE | Salem Investment Counselors Inc. | 2,359 | 0 | 3,910 | |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | 621,226 | 6,931 | SH | SOLE | Salem Investment Counselors Inc. | 6,875 | 0 | 56 | |
| VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 8,148,901 | 11,627 | SH | SOLE | Salem Investment Counselors Inc. | 7,937 | 0 | 3,690 | |
| VANGUARD INSTL INDEX FD | 0 3 MO TR BI ETF | 922040845 | 4,051,248 | 53,503 | SH | SOLE | 0 | 0 | 53,503 | ||
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 668,187 | 7,698 | SH | SOLE | Salem Investment Counselors Inc. | 2,320 | 0 | 5,378 | |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 | 644,715 | 5,567 | SH | SOLE | Salem Investment Counselors Inc. | 3,905 | 0 | 1,662 | |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | 1,436,310 | 18,593 | SH | SOLE | 0 | 0 | 18,593 | ||
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | 5,639,997 | 24,174 | SH | SOLE | Salem Investment Counselors Inc. | 13,469 | 0 | 10,705 | |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | 1,193,098 | 16,897 | SH | SOLE | Salem Investment Counselors Inc. | 4,805 | 0 | 12,092 | |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | 257,322 | 1,658 | SH | SOLE | Salem Investment Counselors Inc. | 1,143 | 0 | 515 | |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 | 1,417,566 | 8,234 | SH | SOLE | Salem Investment Counselors Inc. | 7,469 | 0 | 765 | |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 | 355,907 | 1,126 | SH | SOLE | Salem Investment Counselors Inc. | 1,119 | 0 | 7 | |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | 1,116,201 | 8,882 | SH | SOLE | Salem Investment Counselors Inc. | 2,912 | 0 | 5,970 | |
| VANGUARD WORLD FD | MRNGSTR CAP ETF | 921910873 | 2,314,378 | 8,198 | SH | SOLE | Salem Investment Counselors Inc. | 5,326 | 0 | 2,872 | |
| VANGUARD WORLD FD | MRNGSTR MEGA CAP | 921910816 | 24,731,528 | 266,935 | SH | SOLE | Salem Investment Counselors Inc. | 201,752 | 0 | 65,183 | |
| VANGUARD WORLD FD | MRNGSTR VAL ETF | 921910840 | 1,304,024 | 8,095 | SH | SOLE | 0 | 0 | 8,095 | ||
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | 1,349,725 | 29,425 | SH | SOLE | Salem Investment Counselors Inc. | 23,072 | 0 | 6,353 | |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 258,269 | 494 | SH | SOLE | Salem Investment Counselors Inc. | 301 | 0 | 193 | |
| VIATRIS INC | COM | 92556V106 | 234,720 | 13,246 | SH | SOLE | Salem Investment Counselors Inc. | 7,196 | 0 | 6,050 | |
| VIEMED HEALTHCARE INC | COM | 92663R105 | 691,437 | 75,982 | SH | SOLE | Salem Investment Counselors Inc. | 75,982 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 31,593,427 | 87,923 | SH | SOLE | Salem Investment Counselors Inc. | 64,334 | 0 | 23,589 | |
| VULCAN MATLS CO | COM | 929160109 | 344,929 | 1,410 | SH | SOLE | Salem Investment Counselors Inc. | 380 | 0 | 1,030 | |
| WABTEC | COM | 929740108 | 371,324 | 1,293 | SH | SOLE | Salem Investment Counselors Inc. | 1,247 | 0 | 46 | |
| WALMART INC | COM | 931142103 | 33,761,322 | 324,878 | SH | SOLE | Salem Investment Counselors Inc. | 266,281 | 0 | 58,597 | |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | 2,146,104 | 69,341 | SH | SOLE | Salem Investment Counselors Inc. | 1,192 | 0 | 68,149 | |
| WASTE MGMT INC DEL | COM | 94106L109 | 5,872,896 | 28,800 | SH | SOLE | Salem Investment Counselors Inc. | 19,416 | 0 | 9,384 | |
| WELLS FARGO & CO | COM | 949746101 | 1,165,068 | 14,554 | SH | SOLE | Salem Investment Counselors Inc. | 10,939 | 0 | 3,615 | |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 | 596,924 | 1,610 | SH | SOLE | Salem Investment Counselors Inc. | 210 | 0 | 1,400 | |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | 392,335 | 2,934 | SH | SOLE | Salem Investment Counselors Inc. | 2,800 | 0 | 134 | |
| WOODWARD INC | COM | 980745103 | 348,963 | 1,062 | SH | SOLE | 0 | 0 | 1,062 | ||
| WP CAREY INC | COM | 92936U109 | 202,839 | 3,093 | SH | SOLE | Salem Investment Counselors Inc. | 88 | 0 | 3,005 | |
| WW GRAINGER INC | COM | 384802104 | 943,041 | 757 | SH | SOLE | Salem Investment Counselors Inc. | 604 | 0 | 153 | |
| YUM BRANDS INC | COM | 988498101 | 2,511,247 | 18,419 | SH | SOLE | Salem Investment Counselors Inc. | 12,671 | 0 | 5,748 | |
| YUM CHINA HLDGS INC | COM | 98850P109 | 492,831 | 11,991 | SH | SOLE | Salem Investment Counselors Inc. | 8,391 | 0 | 3,600 | |
| ZSCALER INC | COM | 98980G102 | 2,119,436 | 10,628 | SH | SOLE | Salem Investment Counselors Inc. | 7,405 | 0 | 3,223 | |