Smith Salley Wealth Management

GREENSBORO, NC · CIK 1482012 · 13F filing filed 2025-01-15

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

$1.6bn reported value +1.8% vs Q3 2024

245positions

37.7%in top 10

19 new 102 added 87 reduced 9 sold out vs Q3 2024

Holdings, Q4 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	APPLE INC COM AAPL	AAPL	393,952	$98.7m6.34%	6.34%	Added +3.2k	+3,156 0.8%
2	MICROSOFT CORP COM MSFT	MSFT	219,094	$92.3m5.93%	5.93%	Added +4.0k	+3,978 1.9%
3	NVIDIA CORPORATION COM NVDA	NVDA	652,556	$87.6m5.63%	5.63%	Added +17.8k	+17,787 2.8%
4	AMAZON COM INC COM AMZN	AMZN	253,606	$55.6m3.57%	3.57%	Added +6.0k	+5,965 2.4%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	254,238	$48.4m3.11%	3.11%	Added +23.4k	+23,389 10.1%
6	META PLATFORMS INC CL A META	META	81,015	$47.4m3.05%	3.05%	Added +3.2k	+3,233 4.2%
7	JPMORGAN CHASE & CO COM JPM	JPM	188,317	$45.1m2.90%	2.90%	Added +1.4k	+1,417 0.8%
8	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	97,964	$44.4m2.85%	2.85%	Added +861	+861 0.9%
9	VISA INC COM CL A V	V	110,556	$34.9m2.24%	2.24%	Added +1.3k	+1,282 1.2%
10	TJX COS INC NEW COM TJX	TJX	263,376	$31.8m2.04%	2.04%	Added +4.5k	+4,511 1.7%
11	LOWES COS INC COM LOW	LOW	124,897	$30.8m1.98%	1.98%	Added +1.9k	+1,883 1.5%
12	ABBVIE INC COM ABBV	ABBV	170,180	$30.2m1.94%	1.94%	Added +1.4k	+1,383 0.8%
13	MASTERCARD INCORPORATED CL A MA	MA	49,076	$25.8m1.66%	1.66%	Added +928	+928 1.9%
14	PROCTER AND GAMBLE CO COM PG	PG	151,647	$25.4m1.63%	1.63%	Added +310	+310 0.2%
15	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	48,671	$25.3m1.63%	1.63%	Added +6.0k	+5,954 13.9%
16	BROOKFIELD CORP CL A LTD VT SH BN	BN	429,698	$24.7m1.59%	1.59%	Added +4.3k	+4,328 1.0%
17	AMETEK INC COM AME	AME	128,728	$23.2m1.49%	1.49%	Added +1.9k	+1,899 1.5%
18	RTX CORPORATION COM RTX	RTX	195,885	$22.7m1.46%	1.46%	Added +3.7k	+3,675 1.9%
19	ANALOG DEVICES INC COM ADI	ADI	103,130	$21.9m1.41%	1.41%	Added +1.7k	+1,689 1.7%
20	NEXTERA ENERGY INC COM NEE	NEE	293,007	$21.0m1.35%	1.35%	Added +1.9k	+1,865 0.6%
21	NXP SEMICONDUCTORS N V COM NXPI	NXPI	97,602	$20.3m1.30%	1.30%	Added +834	+834 0.9%
22	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	28,260	$19.6m1.26%	1.26%	Added +7.2k	+7,177 34.0%
23	MARVELL TECHNOLOGY INC COM MRVL	MRVL	176,578	$19.5m1.25%	1.25%	Added +9.4k	+9,438 5.7%
24	ABBOTT LABS COM ABT	ABT	172,398	$19.5m1.25%	1.25%	Added +1.7k	+1,748 1.0%
25	LINDE PLC SHS LIN	LIN	46,343	$19.4m1.25%	1.25%	Added +382	+382 0.8%
26	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	53,562	$18.8m1.21%	1.21%	Added +1.2k	+1,204 2.3%
27	PEPSICO INC COM PEP	PEP	123,046	$18.7m1.20%	1.20%	Reduced -2.1k	-2,057 -1.6%
28	S&P GLOBAL INC COM SPGI	SPGI	37,079	$18.5m1.19%	1.19%	Added +238	+238 0.7%
29	ROPER TECHNOLOGIES INC COM ROP	ROP	34,866	$18.1m1.16%	1.16%	Added +481	+481 1.4%
30	CHEVRON CORP NEW COM CVX	CVX	122,656	$17.8m1.14%	1.14%	Reduced -534	-534 -0.4%
31	UNION PAC CORP COM UNP	UNP	74,045	$16.9m1.08%	1.08%	Added +544	+544 0.7%
32	MERCK & CO INC COM MRK	MRK	168,180	$16.7m1.07%	1.07%	Reduced -66	-66 -0.0%
33	BROADCOM INC COM AVGO	AVGO	69,748	$16.2m1.04%	1.04%	Reduced -656	-656 -0.9%
34	CONSTELLATION BRANDS INC CL A STZ	STZ	71,277	$15.8m1.01%	1.01%	Added +1.3k	+1,270 1.8%
35	MARKEL GROUP INC COM MKL	MKL	9,124	$15.8m1.01%	1.01%	Added +69	+69 0.8%
36	ALPHABET INC CAP STK CL A GOOGL	GOOGL	77,461	$14.7m0.94%	0.94%	Added +7.8k	+7,791 11.2%
37	MEDTRONIC PLC SHS MDT	MDT	176,688	$14.1m0.91%	0.91%	Added +3.5k	+3,520 2.0%
38	PNC FINL SVCS GROUP INC COM PNC	PNC	63,008	$12.2m0.78%	0.78%	Added +553	+553 0.9%
39	CASEYS GEN STORES INC COM CASY	CASY	29,783	$11.8m0.76%	0.76%	Added +548	+548 1.9%
40	CURTISS WRIGHT CORP COM CW	CW	31,206	$11.1m0.71%	0.71%	New
41	ISHARES TR CORE TOTAL USD IUSB	IUSB	244,507	$11.1m0.71%	0.71%	Added +6.0k	+6,037 2.5%
42	ELEVANCE HEALTH INC COM ELV	ELV	29,705	$11.0m0.70%	0.70%	Reduced -1.4k	-1,380 -4.4%
43	NORTHROP GRUMMAN CORP COM NOC	NOC	21,149	$9.9m0.64%	0.64%	Reduced -2.8k	-2,767 -11.6%
44	TRANSDIGM GROUP INC COM TDG	TDG	7,599	$9.6m0.62%	0.62%	Added +283	+283 3.9%
45	XYLEM INC COM XYL	XYL	80,880	$9.4m0.60%	0.60%	Added +241	+241 0.3%
46	CHEMED CORP NEW COM CHE	CHE	16,988	$9.0m0.58%	0.58%	Added +307	+307 1.8%
47	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	162,690	$8.4m0.54%	0.54%	Added +2.9k	+2,913 1.8%
48	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	44,767	$8.3m0.53%	0.53%	Reduced -1.9k	-1,876 -4.0%
49	HOME DEPOT INC COM HD	HD	20,360	$7.9m0.51%	0.51%	Added +1.0k	+1,019 5.3%
50	ARISTA NETWORKS INC COM SHS ANET	ANET	71,395	$7.9m0.51%	0.51%	New
51	ISHARES TR CORE MSCI EAFE IEFA	IEFA	102,292	$7.2m0.46%	0.46%	Reduced -4.5k	-4,452 -4.2%
52	JOHNSON & JOHNSON COM JNJ	JNJ	44,313	$6.4m0.41%	0.41%	Reduced -768	-768 -1.7%
53	WALMART INC COM WMT	WMT	69,500	$6.3m0.40%	0.40%	Reduced -607	-607 -0.9%
54	ISHARES TR MBS ETF MBB	MBB	67,163	$6.2m0.40%	0.40%	Added +24.9k	+24,868 58.8%
55	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	111,718	$6.1m0.39%	0.39%	Added +954	+954 0.9%
56	EXXON MOBIL CORP COM XOM	XOM	56,239	$6.0m0.39%	0.39%	Reduced -93	-93 -0.2%
57	DUKE ENERGY CORP NEW COM NEW DUK	DUK	51,525	$5.6m0.36%	0.36%	Reduced -516	-516 -1.0%
58	BANK AMERICA CORP COM BAC	BAC	119,060	$5.2m0.34%	0.34%	Reduced -1.1k	-1,126 -0.9%
59	EATON CORP PLC SHS ETN	ETN	14,866	$4.9m0.32%	0.32%	Reduced -385	-385 -2.5%
60	FIRST BANCORP N C COM FBNC	FBNC	111,644	$4.9m0.32%	0.32%	Reduced -128	-128 -0.1%
61	MOODYS CORP COM MCO	MCO	9,708	$4.6m0.30%	0.30%	Added +593	+593 6.5%
62	ISHARES TR 7-10 YR TRSY BD IEF	IEF	44,542	$4.1m0.26%	0.26%	Added +656	+656 1.5%
63	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	14,190	$4.1m0.26%	0.26%	Reduced -152	-152 -1.1%
64	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	79,133	$4.1m0.26%	0.26%	Added +1.3k	+1,268 1.6%
65	VANGUARD WORLD FD INF TECH ETF VGT	VGT	6,463	$4.0m0.26%	0.26%	Reduced -341	-341 -5.0%
66	AMERICAN EXPRESS CO COM AXP	AXP	13,171	$3.9m0.25%	0.25%	Unchanged
67	CISCO SYS INC COM CSCO	CSCO	65,990	$3.9m0.25%	0.25%	Reduced -2.8k	-2,768 -4.0%
68	AMGEN INC COM AMGN	AMGN	14,838	$3.9m0.25%	0.25%	Reduced -10	-10 -0.1%
69	COCA COLA CO COM KO	KO	60,135	$3.7m0.24%	0.24%	Added +202	+202 0.3%
70	ISHARES TR 20 YR TR BD ETF TLT	TLT	42,622	$3.7m0.24%	0.24%	Added +486	+486 1.1%
71	FIDELITY COVINGTON TRUST MSCI FINLS IDX FNCL	FNCL	52,354	$3.6m0.23%	0.23%	Added +3.6k	+3,583 7.3%
72	ISHARES INC CORE MSCI EMKT IEMG	IEMG	68,400	$3.6m0.23%	0.23%	Reduced -3.2k	-3,228 -4.5%
73	HONEYWELL INTL INC COM COM		15,647	$3.5m0.23%	0.23%	Reduced -51.5k	-51,506 -76.7%
74	TEXAS INSTRS INC COM TXN	TXN	18,536	$3.5m0.22%	0.22%	Added +21	+21 0.1%
75	STARBUCKS CORP COM SBUX	SBUX	37,660	$3.4m0.22%	0.22%	Added +1.1k	+1,112 3.0%
76	FIDELITY COVINGTON TRUST MSCI COMMNTN SVC FCOM	FCOM	58,047	$3.4m0.22%	0.22%	Reduced -2.3k	-2,302 -3.8%
77	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,651	$3.3m0.21%	0.21%	Added +2.0k	+2,038 56.4%
78	ADOBE INC COM ADBE	ADBE	7,250	$3.2m0.21%	0.21%	Added +721	+721 11.0%
79	CATERPILLAR INC COM CAT	CAT	8,524	$3.1m0.20%	0.20%	Reduced -20	-20 -0.2%
80	EMERSON ELEC CO COM EMR	EMR	24,896	$3.1m0.20%	0.20%	Reduced -450	-450 -1.8%
81	WELLS FARGO CO NEW COM WFC	WFC	42,334	$3.0m0.19%	0.19%	Added +512	+512 1.2%
82	QUALCOMM INC COM QCOM	QCOM	19,351	$3.0m0.19%	0.19%	Added +239	+239 1.2%
83	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	43,553	$2.8m0.18%	0.18%	Reduced -2.1k	-2,102 -4.6%
84	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	169,127	$2.8m0.18%	0.18%	Added +376	+376 0.2%
85	ENBRIDGE INC COM ENB	ENB	63,534	$2.7m0.17%	0.17%	Reduced -463	-463 -0.7%
86	BLACKROCK INC COM BLK	BLK	2,606	$2.7m0.17%	0.17%	New
87	MORGAN STANLEY COM NEW MS	MS	20,939	$2.6m0.17%	0.17%	Added +239	+239 1.1%
88	GARTNER INC COM IT	IT	5,252	$2.5m0.16%	0.16%	Added +370	+370 7.6%
89	CHUBB LIMITED COM CB	CB	9,192	$2.5m0.16%	0.16%	Added +35	+35 0.4%
90	AT&T INC COM T	T	110,105	$2.5m0.16%	0.16%	Reduced -792	-792 -0.7%
91	AMERICAN ELEC PWR CO INC COM AEP	AEP	26,805	$2.5m0.16%	0.16%	Added +43	+43 0.2%
92	MERCADOLIBRE INC COM MELI	MELI	1,451	$2.5m0.16%	0.16%	Added +156	+156 12.1%
93	MCDONALDS CORP COM MCD	MCD	8,485	$2.5m0.16%	0.16%	Reduced -245	-245 -2.8%
94	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	5,992	$2.5m0.16%	0.16%	Added +161	+161 2.8%
95	INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF	PRF	59,400	$2.4m0.15%	0.15%	Unchanged
96	PAYCHEX INC COM PAYX	PAYX	16,669	$2.3m0.15%	0.15%	Reduced -48	-48 -0.3%
97	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	11,843	$2.3m0.15%	0.15%	Added +536	+536 4.7%
98	FIDELITY COVINGTON TRUST MSCI CONSM DIS FDIS	FDIS	23,781	$2.3m0.15%	0.15%	Reduced -1.3k	-1,301 -5.2%
99	LOCKHEED MARTIN CORP COM LMT	LMT	4,693	$2.3m0.15%	0.15%	Reduced -26	-26 -0.6%
100	IQVIA HLDGS INC COM IQV	IQV	11,106	$2.2m0.14%	0.14%	Added +713	+713 6.9%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
ARISTA NETWORKS INC		63,096	$6.1m63.1k shares
ISHARES TR IEI	IEI	35,769	$4.3m35.8k shares
SCHWAB STRATEGIC TR SCHX	SCHX	48,873	$1.1m48.9k shares
BROOKFIELD RENEWABLE CORP		26,676	$871.3k26.7k shares
SCHWAB STRATEGIC TR FNDX	FNDX	27,471	$657.1k27.5k shares
SCHWAB STRATEGIC TR SCHA	SCHA	11,518	$296.6k11.5k shares
SCHWAB STRATEGIC TR FNDF	FNDF	7,553	$282.2k7.6k shares
GE AEROSPACE GE	GE	1,184	$223.2k1.2k shares
SCHWAB STRATEGIC TR SCHI	SCHI	8,926	$206.0k8.9k shares