Smith Salley Wealth Management

GREENSBORO, NC · CIK 1482012 · 13F filing filed 2025-07-17

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

$1.7bn reported value +13.3% vs Q1 2025

255positions

38.0%in top 10

20 new 154 added 44 reduced 9 sold out vs Q1 2025

Holdings, Q2 2025

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	NVIDIA CORPORATION COM NVDA	NVDA	798,020	$126.1m7.29%	7.29%	Added +139.3k	+139,329 21.1%
2	MICROSOFT CORP COM MSFT	MSFT	225,844	$112.3m6.50%	6.50%	Added +4.8k	+4,796 2.2%
3	APPLE INC COM AAPL	AAPL	406,816	$83.5m4.83%	4.83%	Added +8.4k	+8,355 2.1%
4	AMAZON COM INC COM AMZN	AMZN	263,387	$57.8m3.34%	3.34%	Added +7.5k	+7,453 2.9%
5	META PLATFORMS INC CL A META	META	76,745	$56.6m3.28%	3.28%	Added +2.5k	+2,465 3.3%
6	JPMORGAN CHASE & CO COM JPM	JPM	169,365	$49.1m2.84%	2.84%	Added +3.9k	+3,911 2.4%
7	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	100,688	$48.9m2.83%	2.83%	Added +2.5k	+2,477 2.5%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	264,998	$47.0m2.72%	2.72%	Added +8.3k	+8,346 3.2%
9	VISA INC COM CL A V	V	115,053	$40.8m2.36%	2.36%	Added +3.4k	+3,371 3.0%
10	TJX COS INC NEW COM TJX	TJX	273,633	$33.8m1.95%	1.95%	Added +7.7k	+7,700 2.9%
11	RTX CORPORATION COM RTX	RTX	217,340	$31.7m1.84%	1.84%	Added +7.6k	+7,625 3.6%
12	MASTERCARD INCORPORATED CL A MA	MA	51,477	$28.9m1.67%	1.67%	Added +1.8k	+1,750 3.5%
13	LOWES COS INC COM LOW	LOW	129,477	$28.7m1.66%	1.66%	Added +3.1k	+3,052 2.4%
14	ABBVIE INC COM ABBV	ABBV	154,006	$28.6m1.65%	1.65%	Added +3.1k	+3,083 2.0%
15	BROOKFIELD CORP CL A LTD VT SH BN	BN	441,807	$27.3m1.58%	1.58%	Added +9.3k	+9,345 2.2%
16	ANALOG DEVICES INC COM ADI	ADI	107,319	$25.5m1.48%	1.48%	Added +3.0k	+3,001 2.9%
17	PROCTER AND GAMBLE CO COM PG	PG	156,047	$24.9m1.44%	1.44%	Added +3.7k	+3,683 2.4%
18	ABBOTT LABS COM ABT	ABT	182,078	$24.8m1.43%	1.43%	Added +4.9k	+4,882 2.8%
19	LINDE PLC SHS LIN	LIN	51,527	$24.2m1.40%	1.40%	Added +1.8k	+1,777 3.6%
20	AMETEK INC COM AME	AME	132,581	$24.0m1.39%	1.39%	Added +2.8k	+2,849 2.2%
21	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	29,813	$23.9m1.38%	1.38%	Added +983	+983 3.4%
22	NEXTERA ENERGY INC COM NEE	NEE	337,725	$23.4m1.36%	1.36%	Added +10.8k	+10,756 3.3%
23	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	57,075	$23.1m1.34%	1.34%	Added +1.4k	+1,415 2.5%
24	BROADCOM INC COM AVGO	AVGO	81,433	$22.4m1.30%	1.30%	Reduced -302	-302 -0.4%
25	MARVELL TECHNOLOGY INC COM MRVL	MRVL	283,812	$22.0m1.27%	1.27%	Added +61.5k	+61,486 27.7%
26	ROPER TECHNOLOGIES INC COM ROP	ROP	35,885	$20.3m1.18%	1.18%	Added +797	+797 2.3%
27	S&P GLOBAL INC COM SPGI	SPGI	38,359	$20.2m1.17%	1.17%	Added +1.0k	+1,041 2.8%
28	ARISTA NETWORKS INC COM SHS ANET	ANET	184,030	$18.8m1.09%	1.09%	Added +8.7k	+8,712 5.0%
29	MARKEL GROUP INC COM MKL	MKL	9,343	$18.7m1.08%	1.08%	Added +165	+165 1.8%
30	NXP SEMICONDUCTORS N V COM NXPI	NXPI	84,269	$18.4m1.07%	1.07%	Added +2.0k	+1,976 2.4%
31	CHEVRON CORP NEW COM CVX	CVX	126,360	$18.1m1.05%	1.05%	Added +1.8k	+1,840 1.5%
32	UNION PAC CORP COM UNP	UNP	77,518	$17.8m1.03%	1.03%	Added +2.1k	+2,127 2.8%
33	PEPSICO INC COM PEP	PEP	127,101	$16.8m0.97%	0.97%	Added +1.9k	+1,936 1.6%
34	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	56,125	$16.8m0.97%	0.97%	Added +1.8k	+1,789 3.3%
35	CURTISS WRIGHT CORP COM CW	CW	32,523	$15.9m0.92%	0.92%	Added +1.1k	+1,122 3.6%
36	CASEYS GEN STORES INC COM CASY	CASY	30,656	$15.6m0.90%	0.90%	Added +621	+621 2.1%
37	ALPHABET INC CAP STK CL A GOOGL	GOOGL	83,180	$14.7m0.85%	0.85%	Added +3.0k	+2,961 3.7%
38	MEDTRONIC PLC SHS MDT	MDT	162,769	$14.2m0.82%	0.82%	Reduced -17.5k	-17,507 -9.7%
39	PNC FINL SVCS GROUP INC COM PNC	PNC	75,107	$14.0m0.81%	0.81%	Added +2.3k	+2,263 3.1%
40	ISHARES TR MBS ETF MBB	MBB	142,575	$13.4m0.77%	0.77%	Added +26.8k	+26,767 23.1%
41	TRANSDIGM GROUP INC COM TDG	TDG	8,140	$12.4m0.72%	0.72%	Added +259	+259 3.3%
42	ELEVANCE HEALTH INC COM ELV	ELV	31,626	$12.3m0.71%	0.71%	Added +977	+977 3.2%
43	MERCK & CO INC COM MRK	MRK	154,683	$12.2m0.71%	0.71%	Added +1.7k	+1,730 1.1%
44	CONSTELLATION BRANDS INC CL A STZ	STZ	71,830	$11.7m0.68%	0.68%	Added +3.0k	+3,012 4.4%
45	NORTHROP GRUMMAN CORP COM NOC	NOC	21,616	$10.8m0.63%	0.63%	Added +402	+402 1.9%
46	XYLEM INC COM XYL	XYL	82,652	$10.7m0.62%	0.62%	Added +1.5k	+1,508 1.9%
47	ISHARES TR CORE MSCI EAFE IEFA	IEFA	112,656	$9.4m0.54%	0.54%	Added +973	+973 0.9%
48	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	45,990	$9.1m0.52%	0.52%	Added +238	+238 0.5%
49	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	166,049	$8.8m0.51%	0.51%	Added +1.7k	+1,688 1.0%
50	CHEMED CORP NEW COM CHE	CHE	17,551	$8.5m0.49%	0.49%	Added +396	+396 2.3%
51	WALMART INC COM WMT	WMT	75,382	$7.4m0.43%	0.43%	Added +5.4k	+5,399 7.7%
52	HOME DEPOT INC COM HD	HD	19,783	$7.3m0.42%	0.42%	Added +1.1k	+1,053 5.6%
53	JOHNSON & JOHNSON COM JNJ	JNJ	45,947	$7.0m0.41%	0.41%	Added +1.5k	+1,469 3.3%
54	EXXON MOBIL CORP COM XOM	XOM	64,533	$7.0m0.40%	0.40%	Added +5.2k	+5,191 8.8%
55	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	124,363	$6.6m0.38%	0.38%	Added +44.5k	+44,516 55.8%
56	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	116,233	$6.4m0.37%	0.37%	Added +3.9k	+3,941 3.5%
57	DUKE ENERGY CORP NEW COM NEW DUK	DUK	54,212	$6.4m0.37%	0.37%	Added +2.5k	+2,455 4.7%
58	ISHARES TR 20 YR TR BD ETF TLT	TLT	70,948	$6.3m0.36%	0.36%	Added +761	+761 1.1%
59	BANK AMERICA CORP COM BAC	BAC	125,374	$5.9m0.34%	0.34%	Added +3.2k	+3,228 2.6%
60	EATON CORP PLC SHS ETN	ETN	15,868	$5.7m0.33%	0.33%	Added +559	+559 3.6%
61	MOODYS CORP COM MCO	MCO	10,457	$5.2m0.30%	0.30%	Added +382	+382 3.8%
62	CATERPILLAR INC COM CAT	CAT	13,059	$5.1m0.29%	0.29%	Added +442	+442 3.5%
63	FIRST BANCORP N C COM FBNC	FBNC	111,644	$4.9m0.28%	0.28%	Unchanged
64	CISCO SYS INC COM CSCO	CSCO	69,449	$4.8m0.28%	0.28%	Added +1.2k	+1,207 1.8%
65	COCA COLA CO COM KO	KO	65,524	$4.6m0.27%	0.27%	Added +4.3k	+4,285 7.0%
66	VANGUARD WORLD FD INF TECH ETF VGT	VGT	6,463	$4.3m0.25%	0.25%	Added +81	+81 1.3%
67	MERCADOLIBRE INC COM MELI	MELI	1,633	$4.3m0.25%	0.25%	Added +102	+102 6.7%
68	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	98,644	$4.3m0.25%	0.25%	Added +368	+368 0.4%
69	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	13,977	$4.2m0.25%	0.25%	Reduced -233	-233 -1.6%
70	AMERICAN EXPRESS CO COM AXP	AXP	13,171	$4.2m0.24%	0.24%	Reduced -179	-179 -1.3%
71	ISHARES INC CORE MSCI EMKT IEMG	IEMG	69,835	$4.2m0.24%	0.24%	Added +515	+515 0.7%
72	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	14,057	$4.1m0.24%	0.24%	Reduced -290	-290 -2.0%
73	FIDELITY COVINGTON TRUST MSCI FINLS IDX FNCL	FNCL	53,785	$4.0m0.23%	0.23%	Added +713	+713 1.3%
74	TEXAS INSTRS INC COM TXN	TXN	19,013	$3.9m0.23%	0.23%	Added +471	+471 2.5%
75	STARBUCKS CORP COM SBUX	SBUX	42,186	$3.9m0.22%	0.22%	Added +3.3k	+3,288 8.4%
76	FIDELITY COVINGTON TRUST MSCI COMMNTN SVC FCOM	FCOM	58,636	$3.8m0.22%	0.22%	Added +105	+105 0.2%
77	AT&T INC COM T	T	123,888	$3.6m0.21%	0.21%	Added +3.8k	+3,755 3.1%
78	WELLS FARGO CO NEW COM WFC	WFC	43,236	$3.5m0.20%	0.20%	Reduced -572	-572 -1.3%
79	HONEYWELL INTL INC COM COM		13,895	$3.2m0.19%	0.19%	Added +456	+456 3.4%
80	EMERSON ELEC CO COM EMR	EMR	24,145	$3.2m0.19%	0.19%	Added +668	+668 2.9%
81	BLACKROCK INC COM BLK	BLK	3,051	$3.2m0.19%	0.19%	Added +156	+156 5.4%
82	QUALCOMM INC COM QCOM	QCOM	19,696	$3.1m0.18%	0.18%	Reduced -195	-195 -1.0%
83	AMERICAN ELEC PWR CO INC COM AEP	AEP	29,148	$3.0m0.17%	0.17%	Added +888	+888 3.1%
84	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,886	$3.0m0.17%	0.17%	Added +262	+262 5.7%
85	MORGAN STANLEY COM NEW MS	MS	21,370	$3.0m0.17%	0.17%	Reduced -306	-306 -1.4%
86	ENBRIDGE INC COM ENB	ENB	66,385	$3.0m0.17%	0.17%	Added +2.4k	+2,400 3.8%
87	AMGEN INC COM AMGN	AMGN	10,703	$3.0m0.17%	0.17%	Reduced -100	-100 -0.9%
88	NETFLIX INC COM NFLX	NFLX	2,211	$3.0m0.17%	0.17%	Added +387	+387 21.2%
89	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	175,243	$2.9m0.17%	0.17%	Added +5.2k	+5,207 3.1%
90	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	6,686	$2.9m0.17%	0.17%	Added +1.0k	+1,000 17.6%
91	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	44,177	$2.8m0.16%	0.16%	Added +303	+303 0.7%
92	VERTIV HOLDINGS CO COM CL A VRT	VRT	21,570	$2.8m0.16%	0.16%	Added +2.0k	+1,981 10.1%
93	BOOKING HOLDINGS INC COM BKNG	BKNG	473	$2.7m0.16%	0.16%	Added +80	+80 20.4%
94	CHUBB LIMITED COM CB	CB	9,452	$2.7m0.16%	0.16%	Added +272	+272 3.0%
95	SERVICENOW INC COM NOW	NOW	2,661	$2.7m0.16%	0.16%	Added +386	+386 17.0%
96	MCDONALDS CORP COM MCD	MCD	9,340	$2.7m0.16%	0.16%	Added +787	+787 9.2%
97	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	4,862	$2.6m0.15%	0.15%	Added +444	+444 10.1%
98	SALESFORCE INC COM CRM	CRM	9,576	$2.6m0.15%	0.15%	Added +1.1k	+1,110 13.1%
99	INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF	PRF	59,300	$2.5m0.15%	0.15%	Unchanged
100	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	4,533	$2.5m0.14%	0.14%	Added +1.3k	+1,262 38.6%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ISHARES TR IEF	IEF	45,975	$4.4m46.0k shares
COMCAST CORP NEW CMCSA	CMCSA	25,772	$951.0k25.8k shares
SAREPTA THERAPEUTICS INC SRPT	SRPT	7,308	$466.4k7.3k shares
ENTERPRISE PRODS PARTNERS L EPD	EPD	8,367	$285.6k8.4k shares
ISHARES TR IYH	IYH	3,510	$213.7k3.5k shares
ADVANCED MICRO DEVICES INC AMD	AMD	1,991	$204.6k2.0k shares
ONEOK INC NEW OKE	OKE	2,037	$202.1k2.0k shares
ALLIANT ENERGY CORP LNT	LNT	3,112	$200.3k3.1k shares
ENOVIX CORPORATION ENVX	ENVX	10,235	$75.1k10.2k shares