Smith Salley Wealth Management

GREENSBORO, NC · CIK 1482012 · 13F filing filed 2024-07-29

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

$1.4bn reported value +8.1% vs Q1 2024

225positions

35.9%in top 10

9 new 125 added 66 reduced 6 sold out vs Q1 2024

Holdings, Q2 2024

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	209,104	$93.5m6.71%	6.71%	Added +12.2k	+12,221 6.2%
2	NVIDIA CORPORATION COM NVDA	NVDA	612,575	$75.7m5.43%	5.43%	Added +37.6k	+37,595 6.5%
3	APPLE INC COM AAPL	AAPL	357,986	$75.4m5.41%	5.41%	Added +20.7k	+20,710 6.1%
4	AMAZON COM INC COM AMZN	AMZN	235,717	$45.6m3.27%	3.27%	Added +14.8k	+14,769 6.7%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	222,636	$40.8m2.93%	2.93%	Added +10.9k	+10,947 5.2%
6	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	95,002	$38.6m2.77%	2.77%	Added +4.4k	+4,413 4.9%
7	META PLATFORMS INC CL A META	META	75,260	$37.9m2.72%	2.72%	Added +5.2k	+5,227 7.5%
8	JPMORGAN CHASE & CO COM JPM	JPM	182,267	$36.9m2.65%	2.65%	Added +7.6k	+7,563 4.3%
9	ABBVIE INC COM ABBV	ABBV	165,249	$28.3m2.03%	2.03%	Added +8.2k	+8,245 5.2%
10	VISA INC COM CL A V	V	106,180	$27.9m2.00%	2.00%	Added +6.6k	+6,560 6.6%
11	TJX COS INC NEW COM TJX	TJX	250,588	$27.6m1.98%	1.98%	Added +15.5k	+15,481 6.6%
12	NXP SEMICONDUCTORS N V COM NXPI	NXPI	94,107	$25.3m1.82%	1.82%	Added +5.6k	+5,615 6.3%
13	LOWES COS INC COM LOW	LOW	113,309	$25.0m1.79%	1.79%	Added +6.0k	+5,953 5.5%
14	PROCTER AND GAMBLE CO COM PG	PG	147,587	$24.3m1.75%	1.75%	Added +6.5k	+6,533 4.6%
15	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	41,583	$23.0m1.65%	1.65%	Added +2.2k	+2,240 5.7%
16	ANALOG DEVICES INC COM ADI	ADI	98,397	$22.5m1.61%	1.61%	Added +6.2k	+6,236 6.8%
17	AMETEK INC COM AME	AME	125,711	$21.0m1.50%	1.50%	Added +9.0k	+9,025 7.7%
18	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	20,438	$20.9m1.50%	1.50%	Added +1.3k	+1,340 7.0%
19	MASTERCARD INCORPORATED CL A MA	MA	46,448	$20.5m1.47%	1.47%	Added +3.2k	+3,228 7.5%
20	MERCK & CO INC COM MRK	MRK	164,338	$20.3m1.46%	1.46%	Added +8.1k	+8,111 5.2%
21	PEPSICO INC COM PEP	PEP	122,898	$20.3m1.45%	1.45%	Added +4.0k	+3,967 3.3%
22	NEXTERA ENERGY INC COM NEE	NEE	280,992	$19.9m1.43%	1.43%	Added +10.9k	+10,939 4.0%
23	LINDE PLC SHS LIN	LIN	44,761	$19.6m1.41%	1.41%	Added +4.9k	+4,885 12.2%
24	ROPER TECHNOLOGIES INC COM ROP	ROP	33,547	$18.9m1.36%	1.36%	Added +2.1k	+2,106 6.7%
25	RTX CORPORATION COM RTX	RTX	186,657	$18.7m1.34%	1.34%	Added +12.0k	+11,960 6.8%
26	CHEVRON CORP NEW COM CVX	CVX	119,431	$18.7m1.34%	1.34%	Added +4.1k	+4,129 3.6%
27	ABBOTT LABS COM ABT	ABT	166,397	$17.3m1.24%	1.24%	Added +18.3k	+18,283 12.3%
28	BROOKFIELD CORP CL A LTD VT SH BN	BN	414,703	$17.2m1.24%	1.24%	Added +21.2k	+21,171 5.4%
29	UNION PAC CORP COM UNP	UNP	74,731	$16.9m1.21%	1.21%	Added +4.0k	+4,043 5.7%
30	CONSTELLATION BRANDS INC CL A STZ	STZ	64,881	$16.7m1.20%	1.20%	Added +4.0k	+3,997 6.6%
31	ELEVANCE HEALTH INC COM ELV	ELV	30,270	$16.4m1.18%	1.18%	Added +1.8k	+1,759 6.2%
32	S&P GLOBAL INC COM SPGI	SPGI	35,974	$16.0m1.15%	1.15%	Added +2.0k	+1,963 5.8%
33	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	47,192	$14.3m1.03%	1.03%	Added +3.0k	+2,969 6.7%
34	HONEYWELL INTL INC COM COM		65,878	$14.1m1.01%	1.01%	Added +2.8k	+2,810 4.5%
35	MARKEL GROUP INC COM MKL	MKL	8,855	$14.0m1.00%	1.00%	Added +541	+541 6.5%
36	DIAGEO PLC SPON ADR NEW DEO	DEO	100,322	$12.6m0.91%	0.91%	Added +2.4k	+2,392 2.4%
37	MEDTRONIC PLC SHS MDT	MDT	156,766	$12.3m0.89%	0.89%	Added +3.1k	+3,080 2.0%
38	ALPHABET INC CAP STK CL A GOOGL	GOOGL	63,800	$11.6m0.83%	0.83%	Added +5.7k	+5,713 9.8%
39	CASEYS GEN STORES INC COM CASY	CASY	27,957	$10.7m0.77%	0.77%	Added +2.2k	+2,157 8.4%
40	XYLEM INC COM XYL	XYL	78,384	$10.6m0.76%	0.76%	Added +4.1k	+4,091 5.5%
41	BROADCOM INC COM AVGO	AVGO	6,597	$10.6m0.76%	0.76%	Reduced -574	-574 -8.0%
42	ISHARES TR CORE TOTAL USD IUSB	IUSB	228,707	$10.3m0.74%	0.74%	Added +3.5k	+3,463 1.5%
43	NORTHROP GRUMMAN CORP COM NOC	NOC	23,247	$10.1m0.73%	0.73%	Added +1.2k	+1,189 5.4%
44	INTEL CORP COM INTC	INTC	313,766	$9.7m0.70%	0.70%	Added +10.9k	+10,906 3.6%
45	PNC FINL SVCS GROUP INC COM PNC	PNC	60,928	$9.5m0.68%	0.68%	Added +2.9k	+2,930 5.0%
46	CHEMED CORP NEW COM CHE	CHE	16,209	$8.8m0.63%	0.63%	Added +993	+993 6.5%
47	DOLLAR GEN CORP NEW COM DG	DG	66,053	$8.7m0.63%	0.63%	Added +3.4k	+3,361 5.4%
48	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	45,245	$7.8m0.56%	0.56%	Added +945	+945 2.1%
49	ISHARES TR CORE MSCI EAFE IEFA	IEFA	104,744	$7.6m0.55%	0.55%	Reduced -674	-674 -0.6%
50	JOHNSON & JOHNSON COM JNJ	JNJ	43,338	$6.3m0.45%	0.45%	Reduced -216	-216 -0.5%
51	EXXON MOBIL CORP COM XOM	XOM	54,964	$6.3m0.45%	0.45%	Added +696	+696 1.3%
52	HOME DEPOT INC COM HD	HD	17,770	$6.1m0.44%	0.44%	Added +827	+827 4.9%
53	ISHARES TR 1 3 YR TREAS BD SHY	SHY	74,235	$6.1m0.44%	0.44%	Reduced -2.3k	-2,334 -3.0%
54	ISHARES TR 3 7 YR TREAS BD IEI	IEI	46,227	$5.3m0.38%	0.38%	Added +634	+634 1.4%
55	ARISTA NETWORKS INC COM COM		15,083	$5.3m0.38%	0.38%	Added +1.7k	+1,693 12.6%
56	DUKE ENERGY CORP NEW COM NEW DUK	DUK	47,772	$4.8m0.34%	0.34%	Reduced -10.8k	-10,834 -18.5%
57	EATON CORP PLC SHS ETN	ETN	14,934	$4.7m0.34%	0.34%	Reduced -1.9k	-1,912 -11.3%
58	AMGEN INC COM AMGN	AMGN	14,583	$4.6m0.33%	0.33%	Added +71	+71 0.5%
59	WALMART INC COM WMT	WMT	63,763	$4.3m0.31%	0.31%	Added +1.7k	+1,701 2.7%
60	BANK AMERICA CORP COM BAC	BAC	107,869	$4.3m0.31%	0.31%	Added +1.0k	+1,025 1.0%
61	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	107,609	$4.1m0.29%	0.29%	Added +5.4k	+5,386 5.3%
62	VANGUARD WORLD FD INF TECH ETF VGT	VGT	6,921	$4.0m0.29%	0.29%	Reduced -145	-145 -2.0%
63	ISHARES TR 7-10 YR TRSY BD IEF	IEF	42,137	$3.9m0.28%	0.28%	Reduced -31.9k	-31,897 -43.1%
64	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	74,495	$3.8m0.27%	0.27%	New
65	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	14,141	$3.8m0.27%	0.27%	Unchanged
66	QUALCOMM INC COM QCOM	QCOM	18,981	$3.8m0.27%	0.27%	Reduced -2.3k	-2,331 -10.9%
67	COCA COLA CO COM KO	KO	59,298	$3.8m0.27%	0.27%	Added +826	+826 1.4%
68	ISHARES TR 20 YR TR BD ETF TLT	TLT	40,828	$3.7m0.27%	0.27%	Added +693	+693 1.7%
69	ISHARES INC CORE MSCI EMKT IEMG	IEMG	69,897	$3.7m0.27%	0.27%	Reduced -575	-575 -0.8%
70	ISHARES TR MBS ETF MBB	MBB	40,572	$3.7m0.27%	0.27%	Added +468	+468 1.2%
71	MOODYS CORP COM MCO	MCO	8,762	$3.7m0.26%	0.26%	Added +857	+857 10.8%
72	FIRST BANCORP N C COM FBNC	FBNC	111,772	$3.6m0.26%	0.26%	New
73	TEXAS INSTRS INC COM TXN	TXN	17,795	$3.5m0.25%	0.25%	Reduced -567	-567 -3.1%
74	ADOBE INC COM ADBE	ADBE	6,182	$3.4m0.25%	0.25%	Added +754	+754 13.9%
75	CISCO SYS INC COM CSCO	CSCO	68,178	$3.2m0.23%	0.23%	Reduced -40	-40 -0.1%
76	FIDELITY COVINGTON TRUST MSCI COMMNTN SVC FCOM	FCOM	58,892	$3.1m0.22%	0.22%	Added +39	+39 0.1%
77	AMERICAN EXPRESS CO COM AXP	AXP	13,198	$3.1m0.22%	0.22%	Added +15	+15 0.1%
78	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	44,445	$3.0m0.22%	0.22%	Added +498	+498 1.1%
79	CATERPILLAR INC COM CAT	CAT	8,676	$2.9m0.21%	0.21%	Added +399	+399 4.8%
80	EMERSON ELEC CO COM EMR	EMR	25,449	$2.8m0.20%	0.20%	Added +344	+344 1.4%
81	STARBUCKS CORP COM SBUX	SBUX	35,767	$2.8m0.20%	0.20%	Added +1.8k	+1,751 5.2%
82	WELLS FARGO CO NEW COM WFC	WFC	41,761	$2.5m0.18%	0.18%	Added +530	+530 1.3%
83	FIDELITY COVINGTON TRUST MSCI FINLS IDX FNCL	FNCL	40,546	$2.3m0.17%	0.17%	Reduced -69	-69 -0.2%
84	CHUBB LIMITED COM CB	CB	8,972	$2.3m0.16%	0.16%	Added +124	+124 1.4%
85	AMERICAN ELEC PWR CO INC COM AEP	AEP	25,990	$2.3m0.16%	0.16%	Added +142	+142 0.6%
86	INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF	PRF	59,400	$2.3m0.16%	0.16%	Unchanged
87	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	168,820	$2.2m0.16%	0.16%	Added +1.8k	+1,780 1.1%
88	LOCKHEED MARTIN CORP COM LMT	LMT	4,738	$2.2m0.16%	0.16%	Added +27	+27 0.6%
89	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	5,831	$2.2m0.16%	0.16%	Reduced -684	-684 -10.5%
90	ENBRIDGE INC COM ENB	ENB	60,162	$2.1m0.15%	0.15%	Reduced -956	-956 -1.6%
91	IQVIA HLDGS INC COM IQV	IQV	10,016	$2.1m0.15%	0.15%	Added +1.1k	+1,071 12.0%
92	GARTNER INC COM IT	IT	4,646	$2.1m0.15%	0.15%	Added +517	+517 12.5%
93	NIKE INC CL B NKE	NKE	27,470	$2.1m0.15%	0.15%	Added +2.7k	+2,683 10.8%
94	MONDELEZ INTL INC CL A MDLZ	MDLZ	31,544	$2.1m0.15%	0.15%	Reduced -404	-404 -1.3%
95	AT&T INC COM T	T	107,111	$2.0m0.15%	0.15%	Reduced -24.1k	-24,072 -18.4%
96	MCDONALDS CORP COM MCD	MCD	7,906	$2.0m0.14%	0.14%	Added +216	+216 2.8%
97	FIDELITY COVINGTON TRUST MSCI INDL INDX FIDU	FIDU	30,714	$2.0m0.14%	0.14%	Reduced -53	-53 -0.2%
98	PAYCHEX INC COM PAYX	PAYX	16,890	$2.0m0.14%	0.14%	Added +299	+299 1.8%
99	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	10,853	$2.0m0.14%	0.14%	Reduced -2.2k	-2,180 -16.7%
100	FIDELITY COVINGTON TRUST MSCI CONSM DIS FDIS	FDIS	24,331	$2.0m0.14%	0.14%	Added +82	+82 0.3%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
GENERAC HLDGS INC GNRC	GNRC	4,200	$529.8k4.2k shares
VANGUARD INDEX FDS VB	VB	1,633	$373.3k1.6k shares
TE CONNECTIVITY LTD TEL1USD	TEL1USD	2,215	$321.7k2.2k shares
VANGUARD INDEX FDS VTV	VTV	1,382	$225.1k1.4k shares
DISNEY WALT CO DIS	DIS	1,774	$217.0k1.8k shares
ISHARES TR HDV	HDV	1,827	$201.4k1.8k shares