Smith Salley Wealth Management

GREENSBORO, NC · CIK 1482012 · 13F filing filed 2023-05-03

SEC-registered investment adviser since 2003 · limited liability company

Assets managed$2.9bn
Staff18 · 15 in investment roles
Main clients (by assets)High net worth individuals 86%, Individuals 6%, Companies 6%
Websitesmith-salley.com
Form ADV · 2026-09-09SEC adviser record

Kindwealth
Others nearbyGreensboro, NC, Charlotte, NC, Durham, NC, Mooresville, NC

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Greensboro, NC (main office)United States	United States	about 12
Charlotte, NCUnited States	United States	1
Durham, NCUnited States	United States	1
Mooresville, NCUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$1.3bn reported value +7.5% vs Q4 2022

226positions

29.8%in top 10

15 new 108 added 82 reduced 12 sold out vs Q4 2022

This report includes the holdings of 1 other manager that shares the investment decisions:

AMERICAN NATIONAL BANK & TRUST CO /VA/ – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	255,516	$73.7m5.86%	5.86%	Added +2.1k	+2,121 0.8%
2	APPLE INC COM AAPL	AAPL	427,653	$70.5m5.61%	5.61%	Added +7.1k	+7,079 1.7%
3	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	111,443	$34.4m2.74%	2.74%	Added +1.8k	+1,837 1.7%
4	ABBVIE INC COM ABBV	ABBV	199,849	$31.8m2.53%	2.53%	Added +5.1k	+5,145 2.6%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	278,165	$28.9m2.30%	2.30%	Added +12.4k	+12,368 4.7%
6	JPMORGAN CHASE & CO COM JPM	JPM	214,007	$27.9m2.22%	2.22%	Added +6.1k	+6,121 2.9%
7	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	47,120	$27.2m2.16%	2.16%	Added +1.2k	+1,186 2.6%
8	VISA INC COM CL A V	V	119,974	$27.0m2.15%	2.15%	Added +1.7k	+1,660 1.4%
9	AMAZON COM INC COM AMZN	AMZN	259,455	$26.8m2.13%	2.13%	Added +8.3k	+8,316 3.3%
10	CHEVRON CORP NEW COM CVX	CVX	163,704	$26.7m2.12%	2.12%	Added +4.7k	+4,703 3.0%
11	PROCTER AND GAMBLE CO COM PG	PG	171,936	$25.6m2.03%	2.03%	Added +5.1k	+5,094 3.0%
12	LOWES COS INC COM LOW	LOW	126,372	$25.3m2.01%	2.01%	Added +5.2k	+5,169 4.3%
13	TJX COS INC NEW COM TJX	TJX	318,631	$25.0m1.99%	1.99%	Added +8.5k	+8,548 2.8%
14	PEPSICO INC COM PEP	PEP	124,314	$22.7m1.80%	1.80%	Added +14.4k	+14,430 13.1%
15	DIAGEO PLC SPON ADR NEW DEO	DEO	119,995	$21.7m1.73%	1.73%	Added +2.9k	+2,922 2.5%
16	ANALOG DEVICES INC COM ADI	ADI	108,170	$21.3m1.70%	1.70%	Added +2.5k	+2,471 2.3%
17	RTX CORPORATION COM RTX	RTX	213,076	$20.9m1.66%	1.66%	Added +3.6k	+3,553 1.7%
18	MERCK & CO INC COM MRK	MRK	190,821	$20.3m1.61%	1.61%	Added +3.5k	+3,473 1.9%
19	AMETEK INC COM AME	AME	139,601	$20.3m1.61%	1.61%	Added +2.8k	+2,836 2.1%
20	NXP SEMICONDUCTORS N V COM NXPI	NXPI	105,870	$19.7m1.57%	1.57%	Added +1.7k	+1,723 1.6%
21	MASTERCARD INCORPORATED CL A MA	MA	53,887	$19.6m1.56%	1.56%	Added +750	+750 1.4%
22	NVIDIA CORPORATION COM NVDA	NVDA	69,507	$19.3m1.54%	1.54%	Added +5.8k	+5,800 9.1%
23	ABBOTT LABS COM ABT	ABT	178,467	$18.1m1.44%	1.44%	Added +4.3k	+4,309 2.5%
24	META PLATFORMS INC CL A META	META	82,598	$17.5m1.39%	1.39%	Added +6.7k	+6,738 8.9%
25	ROPER TECHNOLOGIES INC COM ROP	ROP	38,921	$17.2m1.36%	1.36%	Added +957	+957 2.5%
26	LINDE PLC SHS LIN	LIN	47,730	$17.0m1.35%	1.35%	New
27	CONSTELLATION BRANDS INC CL A STZ	STZ	72,150	$16.3m1.30%	1.30%	Added +1.4k	+1,392 2.0%
28	BROOKFIELD CORP CL A LTD VT SH BN	BN	482,782	$15.7m1.25%	1.25%	Added +13.0k	+12,975 2.8%
29	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	22,737	$15.5m1.23%	1.23%	Added +1.2k	+1,210 5.6%
30	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	53,523	$15.3m1.22%	1.22%	Added +554	+554 1.1%
31	UNION PAC CORP COM UNP	UNP	73,603	$14.8m1.18%	1.18%	Added +1.6k	+1,628 2.3%
32	S&P GLOBAL INC COM SPGI	SPGI	41,936	$14.5m1.15%	1.15%	Added +1.6k	+1,554 3.9%
33	MEDTRONIC PLC SHS MDT	MDT	178,526	$14.4m1.14%	1.14%	Added +42.8k	+42,783 31.5%
34	LABORATORY CORP AMER HLDGS COM NEW COM NEW		58,982	$13.5m1.08%	1.08%	Added +1.5k	+1,477 2.6%
35	MARKEL GROUP INC COM MKL	MKL	10,160	$13.0m1.03%	1.03%	Added +244	+244 2.5%
36	HONEYWELL INTL INC COM COM		66,332	$12.7m1.01%	1.01%	Added +1.5k	+1,543 2.4%
37	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	28,823	$11.8m0.94%	0.94%	Reduced -15.0k	-14,983 -34.2%
38	DISNEY WALT CO COM DIS	DIS	113,691	$11.4m0.91%	0.91%	Added +4.2k	+4,233 3.9%
39	NEXTERA ENERGY INC COM NEE	NEE	141,841	$10.9m0.87%	0.87%	Added +133.4k	+133,408 1582.0%
40	ISHARES TR CORE TOTAL USD IUSB	IUSB	229,763	$10.6m0.84%	0.84%	Added +10.8k	+10,772 4.9%
41	CHEMED CORP NEW COM CHE	CHE	18,302	$9.8m0.78%	0.78%	Added +582	+582 3.3%
42	BROADCOM INC COM AVGO	AVGO	15,313	$9.8m0.78%	0.78%	Added +238	+238 1.6%
43	XYLEM INC COM XYL	XYL	93,262	$9.8m0.78%	0.78%	Added +1.7k	+1,687 1.8%
44	JOHNSON & JOHNSON COM JNJ	JNJ	60,769	$9.4m0.75%	0.75%	Added +1.1k	+1,082 1.8%
45	PNC FINL SVCS GROUP INC COM PNC	PNC	70,343	$8.9m0.71%	0.71%	Added +1.1k	+1,059 1.5%
46	CISCO SYS INC COM CSCO	CSCO	154,337	$8.1m0.64%	0.64%	Reduced -1.9k	-1,869 -1.2%
47	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	60,337	$7.9m0.63%	0.63%	Added +2.2k	+2,177 3.7%
48	INTEL CORP COM INTC	INTC	236,573	$7.7m0.61%	0.61%	Added +9.7k	+9,692 4.3%
49	DUKE ENERGY CORP NEW COM NEW DUK	DUK	80,108	$7.7m0.61%	0.61%	Added +1.2k	+1,244 1.6%
50	ISHARES TR 7-10 YR TRSY BD IEF	IEF	77,664	$7.7m0.61%	0.61%	Reduced -18.4k	-18,414 -19.2%
51	ISHARES TR USD INV GRDE ETF USIG	USIG	148,141	$7.5m0.60%	0.60%	Reduced -33.5k	-33,519 -18.4%
52	AMERICAN NATL BANKSHARES INC COM AMNB	AMNB	227,736	$7.2m0.57%	0.57%	Reduced -13.8k	-13,782 -5.7%
53	ISHARES TR CORE MSCI EAFE IEFA	IEFA	97,734	$6.5m0.52%	0.52%	Reduced -17.2k	-17,193 -15.0%
54	HOME DEPOT INC COM HD	HD	19,649	$5.8m0.46%	0.46%	Added +312	+312 1.6%
55	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	50,056	$5.7m0.45%	0.45%	Reduced -3.4k	-3,356 -6.3%
56	ENBRIDGE INC COM ENB	ENB	145,212	$5.5m0.44%	0.44%	Added +2.4k	+2,374 1.7%
57	EATON CORP PLC SHS ETN	ETN	31,663	$5.4m0.43%	0.43%	Added +538	+538 1.7%
58	COCA COLA CO COM KO	KO	87,048	$5.4m0.43%	0.43%	Added +2.3k	+2,330 2.8%
59	TEXAS INSTRS INC COM TXN	TXN	28,727	$5.3m0.43%	0.43%	Added +584	+584 2.1%
60	QUALCOMM INC COM QCOM	QCOM	41,373	$5.3m0.42%	0.42%	Added +958	+958 2.4%
61	ISHARES TR 3 7 YR TREAS BD IEI	IEI	44,314	$5.2m0.41%	0.41%	New
62	ISHARES TR MSCI EAFE ETF EFA	EFA	72,211	$5.2m0.41%	0.41%	Reduced -69	-69 -0.1%
63	ALPHABET INC CAP STK CL A GOOGL	GOOGL	48,573	$5.0m0.40%	0.40%	Reduced -1.5k	-1,486 -3.0%
64	GENERAL MLS INC COM GIS	GIS	53,910	$4.6m0.37%	0.37%	Added +1.3k	+1,262 2.4%
65	EXXON MOBIL CORP COM XOM	XOM	41,186	$4.5m0.36%	0.36%	Added +8.5k	+8,495 26.0%
66	STARBUCKS CORP COM SBUX	SBUX	42,202	$4.4m0.35%	0.35%	Added +944	+944 2.3%
67	FIRST BANCORP N C COM FBNC	FBNC	113,894	$4.0m0.32%	0.32%	Unchanged
68	TRUIST FINL CORP COM TFC	TFC	116,903	$4.0m0.32%	0.32%	Added +16.2k	+16,163 16.0%
69	TARGET CORP COM TGT	TGT	23,477	$3.9m0.31%	0.31%	Added +774	+774 3.4%
70	AIR PRODS & CHEMS INC COM APD	APD	13,127	$3.8m0.30%	0.30%	Added +423	+423 3.3%
71	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	327,643	$3.7m0.29%	0.29%	Added +8.0k	+8,012 2.5%
72	AMGEN INC COM AMGN	AMGN	14,426	$3.5m0.28%	0.28%	Added +207	+207 1.5%
73	MONDELEZ INTL INC CL A MDLZ	MDLZ	49,085	$3.4m0.27%	0.27%	Added +1.2k	+1,162 2.4%
74	PAYCHEX INC COM PAYX	PAYX	29,793	$3.4m0.27%	0.27%	Added +767	+767 2.6%
75	LOCKHEED MARTIN CORP COM LMT	LMT	7,220	$3.4m0.27%	0.27%	Added +59	+59 0.8%
76	INVESCO EXCH TRADED FD TR II TAXABLE MUN BD BAB	BAB	124,439	$3.3m0.27%	0.27%	Added +11.4k	+11,360 10.1%
77	UNITED PARCEL SERVICE INC CL B UPS	UPS	16,811	$3.3m0.26%	0.26%	Added +66	+66 0.4%
78	ABB LTD SPONSORED ADR ABBNY	ABBNY	94,138	$3.2m0.26%	0.26%	Added +1.1k	+1,136 1.2%
79	EMERSON ELEC CO COM EMR	EMR	36,876	$3.2m0.26%	0.26%	Added +809	+809 2.2%
80	AT&T INC COM T	T	160,784	$3.1m0.25%	0.25%	Added +31.7k	+31,701 24.6%
81	VANGUARD WORLD FD INF TECH ETF VGT	VGT	7,837	$3.0m0.24%	0.24%	Reduced -188	-188 -2.3%
82	ISHARES TR INTRM GOV CR ETF GVI	GVI	28,707	$3.0m0.24%	0.24%	Reduced -5.2k	-5,246 -15.4%
83	ISHARES INC CORE MSCI EMKT IEMG	IEMG	61,343	$3.0m0.24%	0.24%	Added +18.1k	+18,081 41.8%
84	NIKE INC CL B NKE	NKE	24,294	$3.0m0.24%	0.24%	Added +519	+519 2.2%
85	AMERICAN ELEC PWR CO INC COM AEP	AEP	31,183	$2.8m0.23%	0.23%	New
86	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		78,184	$2.7m0.22%	0.22%	Added +3.2k	+3,161 4.2%
87	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	80,231	$2.6m0.21%	0.21%	Added +4.3k	+4,268 5.6%
88	ARISTA NETWORKS INC COM COM		15,464	$2.6m0.21%	0.21%	Reduced -631	-631 -3.9%
89	US BANCORP DEL COM NEW USB	USB	70,374	$2.5m0.20%	0.20%	Added +13.0k	+12,983 22.6%
90	DOMINION ENERGY INC COM D	D	43,927	$2.5m0.20%	0.20%	Reduced -124.9k	-124,941 -74.0%
91	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	37,568	$2.3m0.18%	0.18%	Added +403	+403 1.1%
92	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	14,425	$2.2m0.18%	0.18%	Reduced -821	-821 -5.4%
93	CHUBB LIMITED COM CB	CB	11,440	$2.2m0.18%	0.18%	Added +513	+513 4.7%
94	VERIZON COMMUNICATIONS INC COM VZ	VZ	56,070	$2.2m0.17%	0.17%	Added +13.2k	+13,239 30.9%
95	CME GROUP INC COM CME	CME	11,331	$2.2m0.17%	0.17%	Added +259	+259 2.3%
96	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	10,544	$2.2m0.17%	0.17%	Added +792	+792 8.1%
97	BANK AMERICA CORP COM BAC	BAC	73,938	$2.1m0.17%	0.17%	Added +779	+779 1.1%
98	AMERICAN EXPRESS CO COM AXP	AXP	12,468	$2.1m0.16%	0.16%	Reduced -44	-44 -0.3%
99	COSTCO WHSL CORP NEW COM COST	COST	4,105	$2.0m0.16%	0.16%	Reduced -60	-60 -1.4%
100	MOODYS CORP COM MCO	MCO	6,632	$2.0m0.16%	0.16%	Reduced -63	-63 -0.9%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
LINDE PLC 99952EUR	99952EUR	47,024	$15.3m47.0k shares
UNILEVER PLC		33,209	$1.7m33.2k shares
ISHARES TR IWB	IWB	2,909	$612.4k2.9k shares
ISHARES TR ITOT	ITOT	5,279	$447.6k5.3k shares
V F CORP VFC	VFC	10,794	$298.0k10.8k shares
QUEST DIAGNOSTICS INC DGX	DGX	1,400	$219.0k1.4k shares
ALTRIA GROUP INC MO	MO	4,722	$215.8k4.7k shares
AUTOZONE INC AZO	AZO	85	$209.6k85 shares
WELLS FARGO CO NEW WFC	WFC	4,939	$203.9k4.9k shares
ATLAS CORP ATCO	ATCO	11,000	$168.7k11.0k shares
MACQUARIE / FIRST TR GLOBAL		13,000	$105.2k13.0k shares
PROTALIX BIOTHERAPEUTICS INC PLX	PLX	12,048	$16.5k12.0k shares