Smith Salley Wealth Management

GREENSBORO, NC · CIK 1482012 · 13F filing filed 2026-01-27

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

$2.0bn reported value +3.9% vs Q3 2025

264positions

37.7%in top 10

9 new 104 added 97 reduced 8 sold out vs Q3 2025

Holdings, Q4 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	777,821	$145.1m7.18%	7.18%	Reduced -30.6k	-30,598 -3.8%
2	MICROSOFT CORP COM MSFT	MSFT	237,331	$114.8m5.68%	5.68%	Added +2.4k	+2,350 1.0%
3	APPLE INC COM AAPL	AAPL	413,982	$112.5m5.57%	5.57%	Added +3.8k	+3,771 0.9%
4	ALPHABET INC CAP STK CL C GOOG	GOOG	275,832	$86.6m4.29%	4.29%	Added +1.9k	+1,869 0.7%
5	AMAZON COM INC COM AMZN	AMZN	274,057	$63.3m3.13%	3.13%	Reduced -740	-740 -0.3%
6	META PLATFORMS INC CL A META	META	78,996	$52.1m2.58%	2.58%	Reduced -607	-607 -0.8%
7	JPMORGAN CHASE & CO COM JPM	JPM	158,354	$51.0m2.53%	2.53%	Reduced -10.7k	-10,730 -6.3%
8	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	101,345	$50.9m2.52%	2.52%	Reduced -1.0k	-1,040 -1.0%
9	TJX COS INC NEW COM TJX	TJX	277,634	$42.6m2.11%	2.11%	Reduced -2.7k	-2,690 -1.0%
10	VISA INC COM CL A V	V	118,361	$41.5m2.06%	2.06%	Added +212	+212 0.2%
11	RTX CORPORATION COM RTX	RTX	208,316	$38.2m1.89%	1.89%	Reduced -18.9k	-18,859 -8.3%
12	ABBVIE INC COM ABBV	ABBV	157,376	$36.0m1.78%	1.78%	Reduced -1.5k	-1,541 -1.0%
13	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	58,727	$34.0m1.69%	1.69%	Reduced -119	-119 -0.2%
14	BROADCOM INC COM AVGO	AVGO	96,545	$33.4m1.65%	1.65%	Reduced -121	-121 -0.1%
15	LOWES COS INC COM LOW	LOW	133,002	$32.1m1.59%	1.59%	Reduced -53	-53 -0.0%
16	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	29,784	$31.9m1.58%	1.58%	Reduced -159	-159 -0.5%
17	BROOKFIELD CORP CL A LTD VT SH BN	BN	650,929	$29.9m1.48%	1.48%	Reduced -8.2k	-8,216 -1.2%
18	ANALOG DEVICES INC COM ADI	ADI	109,322	$29.6m1.47%	1.47%	Reduced -94	-94 -0.1%
19	MASTERCARD INCORPORATED CL A MA	MA	50,706	$28.9m1.43%	1.43%	Reduced -521	-521 -1.0%
20	NEXTERA ENERGY INC COM NEE	NEE	354,438	$28.5m1.41%	1.41%	Added +3.5k	+3,526 1.0%
21	ARISTA NETWORKS INC COM SHS ANET	ANET	194,344	$25.5m1.26%	1.26%	Added +1.6k	+1,550 0.8%
22	MARVELL TECHNOLOGY INC COM MRVL	MRVL	284,341	$24.2m1.20%	1.20%	Reduced -1.8k	-1,783 -0.6%
23	ALPHABET INC CAP STK CL A GOOGL	GOOGL	75,913	$23.8m1.18%	1.18%	Added +579	+579 0.8%
24	ABBOTT LABS COM ABT	ABT	187,165	$23.4m1.16%	1.16%	Reduced -438	-438 -0.2%
25	PROCTER AND GAMBLE CO COM PG	PG	157,758	$22.6m1.12%	1.12%	Reduced -4.1k	-4,058 -2.5%
26	ELI LILLY & CO COM LLY	LLY	20,974	$22.5m1.12%	1.12%	Added +1.5k	+1,519 7.8%
27	LINDE PLC SHS LIN	LIN	52,732	$22.5m1.11%	1.11%	Reduced -661	-661 -1.2%
28	AMETEK INC COM AME	AME	107,943	$22.2m1.10%	1.10%	Reduced -23.3k	-23,314 -17.8%
29	S&P GLOBAL INC COM SPGI	SPGI	38,597	$20.2m1.00%	1.00%	Reduced -289	-289 -0.7%
30	MARKEL GROUP INC COM MKL	MKL	9,102	$19.6m0.97%	0.97%	Reduced -123	-123 -1.3%
31	CHEVRON CORP NEW COM CVX	CVX	122,664	$18.7m0.93%	0.93%	Reduced -2.6k	-2,592 -2.1%
32	CURTISS WRIGHT CORP COM CW	CW	32,769	$18.1m0.89%	0.89%	Reduced -221	-221 -0.7%
33	NXP SEMICONDUCTORS N V COM NXPI	NXPI	81,598	$17.7m0.88%	0.88%	Reduced -1.5k	-1,546 -1.9%
34	PEPSICO INC COM PEP	PEP	120,629	$17.3m0.86%	0.86%	Reduced -6.6k	-6,578 -5.2%
35	CASEYS GEN STORES INC COM CASY	CASY	30,370	$16.8m0.83%	0.83%	Reduced -282	-282 -0.9%
36	UNION PAC CORP COM UNP	UNP	71,332	$16.5m0.82%	0.82%	Reduced -8.1k	-8,066 -10.2%
37	PNC FINL SVCS GROUP INC COM PNC	PNC	77,959	$16.3m0.81%	0.81%	Added +381	+381 0.5%
38	MEDTRONIC PLC SHS MDT	MDT	160,266	$15.4m0.76%	0.76%	Reduced -1.5k	-1,471 -0.9%
39	ROPER TECHNOLOGIES INC COM ROP	ROP	33,659	$15.0m0.74%	0.74%	Reduced -1.8k	-1,812 -5.1%
40	MICRON TECHNOLOGY INC COM MU	MU	51,806	$14.8m0.73%	0.73%	Added +34.7k	+34,724 203.3%
41	ISHARES TR MBS ETF MBB	MBB	154,732	$14.7m0.73%	0.73%	Added +3.2k	+3,224 2.1%
42	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	54,686	$14.7m0.73%	0.73%	Reduced -2.9k	-2,856 -5.0%
43	ELEVANCE HEALTH INC COM ELV	ELV	38,095	$13.4m0.66%	0.66%	Reduced -1.8k	-1,757 -4.4%
44	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		135,605	$12.5m0.62%	0.62%	Reduced -623	-623 -0.5%
45	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	234,437	$12.4m0.61%	0.61%	Added +27.8k	+27,782 13.4%
46	AMPHENOL CORP CL A APH	APH	89,766	$12.1m0.60%	0.60%	New
47	NORTHROP GRUMMAN CORP COM NOC	NOC	21,159	$12.1m0.60%	0.60%	Reduced -293	-293 -1.4%
48	JOHNSON & JOHNSON COM JNJ	JNJ	55,582	$11.5m0.57%	0.57%	Added +4.2k	+4,152 8.1%
49	CUMMINS INC COM CMI	CMI	21,768	$11.1m0.55%	0.55%	Added +20.3k	+20,299 1381.8%
50	XYLEM INC COM XYL	XYL	80,508	$11.0m0.54%	0.54%	Reduced -1.1k	-1,105 -1.4%
51	TRANSDIGM GROUP INC COM TDG	TDG	7,936	$10.6m0.52%	0.52%	Reduced -175	-175 -2.2%
52	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	45,108	$10.1m0.50%	0.50%	Reduced -436	-436 -1.0%
53	ISHARES TR CORE MSCI EAFE IEFA	IEFA	112,413	$10.1m0.50%	0.50%	Added +664	+664 0.6%
54	EXXON MOBIL CORP COM XOM	XOM	81,719	$9.8m0.49%	0.49%	Added +6.5k	+6,543 8.7%
55	WALMART INC COM WMT	WMT	87,100	$9.7m0.48%	0.48%	Added +5.6k	+5,614 6.9%
56	COLGATE PALMOLIVE CO COM CL	CL	116,466	$9.2m0.46%	0.46%	Reduced -9.3k	-9,321 -7.4%
57	CATERPILLAR INC COM CAT	CAT	15,868	$9.1m0.45%	0.45%	Added +605	+605 4.0%
58	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	12,032	$8.2m0.41%	0.41%	Added +7.3k	+7,296 154.1%
59	BANK AMERICA CORP COM BAC	BAC	148,631	$8.2m0.40%	0.40%	Added +7.1k	+7,088 5.0%
60	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	135,196	$7.3m0.36%	0.36%	Added +2.8k	+2,821 2.1%
61	HOME DEPOT INC COM HD	HD	21,010	$7.2m0.36%	0.36%	Added +1.1k	+1,091 5.5%
62	ISHARES TR 20 YR TR BD ETF TLT	TLT	77,667	$6.8m0.34%	0.34%	Added +1.8k	+1,812 2.4%
63	DUKE ENERGY CORP NEW COM NEW DUK	DUK	56,806	$6.7m0.33%	0.33%	Added +2.2k	+2,184 4.0%
64	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	22,427	$6.6m0.33%	0.33%	Added +8.3k	+8,305 58.8%
65	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	112,689	$5.9m0.29%	0.29%	Reduced -1.8k	-1,759 -1.5%
66	COCA COLA CO COM KO	KO	83,274	$5.8m0.29%	0.29%	Added +5.0k	+5,027 6.4%
67	CISCO SYS INC COM CSCO	CSCO	73,300	$5.6m0.28%	0.28%	Added +1.8k	+1,839 2.6%
68	FIRST BANCORP N C COM FBNC	FBNC	110,644	$5.6m0.28%	0.28%	Unchanged
69	MOODYS CORP COM MCO	MCO	10,804	$5.5m0.27%	0.27%	Added +4	+4 0.0%
70	UNITEDHEALTH GROUP INC COM UNH	UNH	16,633	$5.5m0.27%	0.27%	Added +3.8k	+3,760 29.2%
71	EATON CORP PLC SHS ETN	ETN	16,903	$5.4m0.27%	0.27%	Added +107	+107 0.6%
72	MORGAN STANLEY COM NEW MS	MS	27,838	$4.9m0.24%	0.24%	Added +2.1k	+2,093 8.1%
73	VANGUARD WORLD FD INF TECH ETF VGT	VGT	6,364	$4.8m0.24%	0.24%	Reduced -64	-64 -1.0%
74	AMERICAN EXPRESS CO COM AXP	AXP	12,948	$4.8m0.24%	0.24%	Added +1	+1 0.0%
75	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	13,979	$4.7m0.23%	0.23%	Added +2	+2 0.0%
76	ISHARES INC CORE MSCI EMKT IEMG	IEMG	69,246	$4.7m0.23%	0.23%	Reduced -3	-3 0.0%
77	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	106,852	$4.6m0.23%	0.23%	Added +2.3k	+2,329 2.2%
78	FIDELITY COVINGTON TRUST MSCI FINLS IDX FNCL	FNCL	56,311	$4.4m0.22%	0.22%	Added +209	+209 0.4%
79	FIDELITY COVINGTON TRUST MSCI COMMNTN SVC FCOM	FCOM	57,943	$4.2m0.21%	0.21%	Reduced -150	-150 -0.3%
80	WELLS FARGO CO NEW COM WFC	WFC	44,278	$4.1m0.20%	0.20%	Added +384	+384 0.9%
81	MERCK & CO INC COM MRK	MRK	38,466	$4.0m0.20%	0.20%	Reduced -376	-376 -1.0%
82	BLACKROCK INC COM BLK	BLK	3,782	$4.0m0.20%	0.20%	Added +87	+87 2.4%
83	SALESFORCE INC COM CRM	CRM	14,435	$3.8m0.19%	0.19%	Added +894	+894 6.6%
84	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	6,159	$3.8m0.19%	0.19%	Added +140	+140 2.3%
85	MCDONALDS CORP COM MCD	MCD	12,230	$3.7m0.19%	0.19%	Added +761	+761 6.6%
86	VERTIV HOLDINGS CO COM CL A VRT	VRT	22,721	$3.7m0.18%	0.18%	Added +166	+166 0.7%
87	AT&T INC COM T	T	146,039	$3.6m0.18%	0.18%	Added +5.7k	+5,706 4.1%
88	TESLA INC COM TSLA	TSLA	8,002	$3.6m0.18%	0.18%	Added +1.0k	+1,016 14.5%
89	AMGEN INC COM AMGN	AMGN	10,786	$3.5m0.17%	0.17%	Added +30	+30 0.3%
90	QUALCOMM INC COM QCOM	QCOM	20,526	$3.5m0.17%	0.17%	Added +99	+99 0.5%
91	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	6,083	$3.4m0.17%	0.17%	Added +240	+240 4.1%
92	AMERICAN ELEC PWR CO INC COM AEP	AEP	29,504	$3.4m0.17%	0.17%	Added +373	+373 1.3%
93	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	23,676	$3.4m0.17%	0.17%	Added +15.0k	+15,026 173.7%
94	TEXAS INSTRS INC COM TXN	TXN	19,179	$3.3m0.16%	0.16%	Reduced -589	-589 -3.0%
95	MERCADOLIBRE INC COM MELI	MELI	1,635	$3.3m0.16%	0.16%	Reduced -61	-61 -3.6%
96	ENBRIDGE INC COM ENB	ENB	68,613	$3.3m0.16%	0.16%	Added +817	+817 1.2%
97	STARBUCKS CORP COM SBUX	SBUX	38,663	$3.3m0.16%	0.16%	Reduced -2.9k	-2,852 -6.9%
98	BOOKING HOLDINGS INC COM BKNG	BKNG	603	$3.2m0.16%	0.16%	Added +4	+4 0.7%
99	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	43,431	$3.2m0.16%	0.16%	Reduced -44	-44 -0.1%
100	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	180,369	$3.1m0.15%	0.15%	Added +1.7k	+1,743 1.0%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
CHEMED CORP NEW CHE	CHE	14,570	$6.5m14.6k shares
ISHARES TR IBDS	IBDS	22,278	$542.2k22.3k shares
ISHARES TR IBDR	IBDR	22,236	$540.3k22.2k shares
ISHARES TR IBDT	IBDT	12,796	$326.6k12.8k shares
ISHARES TR IBDQ	IBDQ	12,426	$313.0k12.4k shares
INVESCO EXCH TRD SLF IDX FD BSCP	BSCP	15,121	$312.9k15.1k shares
UNITED PARCEL SERVICE INC UPS	UPS	3,592	$300.0k3.6k shares
SENSEONICS HLDGS INC		61,000	$26.6k61.0k shares