Salem Investment Counselors Inc: A Comparison of Q1 2023 and Q2 2023 13F Holdings

Salem Investment Counselors Inc, a renowned investment firm, recently filed its 13F form for the first and second quarters of 2023. This form provides valuable insights into the changes in the firm's holdings during this period. In this article, we will examine the significant changes in the firm's holdings and analyze the potential impact on the market.

1. Lowe's Companies Inc (LOW)

Salem Investment Counselors Inc maintained its position in Lowe's Companies Inc, with a negligible increase of 1,220 shares from Q1 2023 to Q2 2023. The value of the holding also saw a moderate increase of $89,032,standing at $778,833 in Q2 2023.

2. Apple Inc (AAPL)

Salem Investment Counselors Inc slightly decreased its stake in Apple Inc, selling off 10,897 shares. However, despite the reduction in shares, the value of the holding increased by $28,153 to $199,840 in Q2 2023.

3. Microsoft Corp (MSFT)

Salem Investment Counselors Inc made a minor reduction in its holdings of Microsoft Corp, with 3,393 fewer shares in Q2 2023. Nevertheless, the value of this holding rose by $20,088 to reach $137,328.

4. NVIDIA Corporation (NVDA)

NVidia Corporation witnessed a decrease in Salem Investment Counselors Inc's holdings by 8,788 shares. However, the firm significantly increased its value by $24,049 to $77,148 in Q2 2023.

5. Amazon.com Inc (AMZN)

Salem Investment Counselors Inc experienced a minor increase in its holdings of Amazon.com Inc with an acquisition of 4,227 shares in Q2 2023. The value of this position also increased by $12,913, reaching $60,080.

6. Alphabet Inc - Class C (GOOG)

Similarly, Salem Investment Counselors Inc acquired an additional 4,369 shares of Alphabet Inc - Class C in Q2 2023. Consequently, the value of this position grew by $8,784 to $59,377.

7. Berkshire Hathaway Inc - Class B (BRK-B)

Salem Investment Counselors Inc marginally decreased its stake in Berkshire Hathaway Inc - Class B, with a reduction of 500 shares. However, the value of this holding increased by $5,160, amounting to $56,226.

8. PepsiCo Inc (PEP)

PepsiCo Inc witnessed a slight decrease in Salem Investment Counselors Inc's holdings by 767 shares. Despite the reduction in shares, the value of this position grew by $679 to $51,917 in Q2 2023.

9. Meta Platforms Inc (META)

Salem Investment Counselors Inc's position in Meta Platforms Inc experienced a minor decrease of 1,663 shares. However, the value of this holding increased significantly by $11,790, reaching $46,437 in Q2 2023.

10. Green Brick Partners Inc (GRBK)

Green Brick Partners Inc saw a significant decrease in Salem Investment Counselors Inc's stake, with a reduction of 54,683 shares. Despite the reduction, the value of this holding increased remarkably by $15,083 to $44,417 in Q2 2023.

These changes in Salem Investment Counselors Inc's holdings indicate its strategic decision to diversify its portfolio. By reducing stakes in some companies and increasing positions in others, the firm aims to optimize its investment growth potential.

It's important to note that the 13F form provides a snapshot of the firm's holdings at a specific point in time. Hence, these changes may not represent the current holdings of Salem Investment Counselors Inc.

In conclusion, Salem Investment Counselors Inc's Q1 and Q2 13F filings highlight its investment decisions and adjustments during this period. By analyzing these changes in holdings, investors can gain insights into the firm's strategies and make informed investment decisions.