Smith Salley Wealth Management

GREENSBORO, NC · CIK 1482012 · 13F filing filed 2026-07-23

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

$2.3bn reported value +15.7% vs Q1 2026

275positions

34.9%in top 10

22 new 121 added 88 reduced 14 sold out vs Q1 2026

Holdings, Q2 2026

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	778,282	$155.7m6.77%	6.77%	Added +2.2k	+2,156 0.3%
2	APPLE INC COM AAPL	AAPL	412,027	$119.2m5.18%	5.18%	Reduced -4.4k	-4,424 -1.1%
3	ALPHABET INC CAP STK CL C GOOG	GOOG	277,743	$98.1m4.26%	4.26%	Reduced -571	-571 -0.2%
4	MICROSOFT CORP COM MSFT	MSFT	243,743	$90.9m3.95%	3.95%	Added +2.6k	+2,634 1.1%
5	AMAZON COM INC COM AMZN	AMZN	266,045	$63.4m2.75%	2.75%	Reduced -15.0k	-14,978 -5.3%
6	BROADCOM INC COM AVGO	AVGO	162,684	$61.5m2.67%	2.67%	Added +37.2k	+37,187 29.6%
7	MICRON TECHNOLOGY INC COM MU	MU	49,183	$56.8m2.47%	2.47%	Reduced -1.2k	-1,233 -2.5%
8	JPMORGAN CHASE & CO COM JPM	JPM	162,429	$53.2m2.31%	2.31%	Added +1.3k	+1,342 0.8%
9	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	26,703	$53.1m2.31%	2.31%	Added +503	+503 1.9%
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	101,635	$50.9m2.21%	2.21%	Reduced -890	-890 -0.9%
11	META PLATFORMS INC CL A META	META	80,744	$45.5m1.98%	1.98%	Added +117	+117 0.1%
12	TJX COS INC NEW COM TJX	TJX	278,620	$42.2m1.83%	1.83%	Reduced -2.4k	-2,405 -0.9%
13	VISA INC COM CL A V	V	120,349	$41.3m1.79%	1.79%	Reduced -395	-395 -0.3%
14	ANALOG DEVICES INC COM ADI	ADI	102,631	$40.8m1.77%	1.77%	Reduced -7.8k	-7,841 -7.1%
15	RTX CORPORATION COM RTX	RTX	214,007	$40.6m1.76%	1.76%	Added +18	+18 0.0%
16	ABBVIE INC COM ABBV	ABBV	159,074	$40.0m1.74%	1.74%	Reduced -1.7k	-1,717 -1.1%
17	AMPHENOL CORP CL A APH	APH	223,966	$39.5m1.72%	1.72%	Added +128.7k	+128,660 135.0%
18	ARISTA NETWORKS INC COM SHS ANET	ANET	203,226	$34.5m1.50%	1.50%	Added +5.2k	+5,234 2.6%
19	NEXTERA ENERGY INC COM NEE	NEE	364,690	$32.0m1.39%	1.39%	Added +925	+925 0.2%
20	MARVELL TECHNOLOGY INC COM MRVL	MRVL	106,712	$31.8m1.38%	1.38%	Reduced -180.9k	-180,864 -62.9%
21	ALPHABET INC CAP STK CL A GOOGL	GOOGL	86,221	$30.8m1.34%	1.34%	Added +9.6k	+9,621 12.6%
22	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	58,868	$29.5m1.28%	1.28%	Reduced -530	-530 -0.9%
23	LOWES COS INC COM LOW	LOW	133,706	$29.5m1.28%	1.28%	Reduced -1.2k	-1,182 -0.9%
24	ADVANCED MICRO DEVICES INC COM AMD	AMD	49,596	$28.8m1.25%	1.25%	Added +47.8k	+47,835 2716.3%
25	ELI LILLY & CO COM LLY	LLY	23,731	$28.5m1.24%	1.24%	Added +2.8k	+2,764 13.2%
26	LINDE PLC SHS LIN	LIN	54,640	$28.4m1.23%	1.23%	Added +2	+2 0.0%
27	BROOKFIELD CORP CL A LTD VT SH BN	BN	648,145	$27.6m1.20%	1.20%	Reduced -9.4k	-9,357 -1.4%
28	AMETEK INC COM AME	AME	110,491	$26.7m1.16%	1.16%	Added +1.5k	+1,515 1.4%
29	MASTERCARD INCORPORATED CL A MA	MA	50,371	$25.9m1.12%	1.12%	Reduced -470	-470 -0.9%
30	CURTISS WRIGHT CORP COM CW	CW	33,248	$25.2m1.09%	1.09%	Added +186	+186 0.6%
31	PROCTER AND GAMBLE CO COM PG	PG	165,153	$24.2m1.05%	1.05%	Added +1.4k	+1,418 0.9%
32	CHEVRON CORP NEW COM CVX	CVX	129,777	$21.5m0.93%	0.93%	Added +2.9k	+2,915 2.3%
33	CASEYS GEN STORES INC COM CASY	CASY	26,726	$21.2m0.92%	0.92%	Reduced -3.9k	-3,931 -12.8%
34	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	387,811	$20.6m0.90%	0.90%	Added +202.1k	+202,143 108.9%
35	UNION PAC CORP COM UNP	UNP	73,828	$20.1m0.87%	0.87%	Added +202	+202 0.3%
36	PNC FINL SVCS GROUP INC COM PNC	PNC	80,906	$19.9m0.87%	0.87%	Added +1.2k	+1,250 1.6%
37	NXP SEMICONDUCTORS N V COM NXPI	NXPI	70,573	$19.8m0.86%	0.86%	Reduced -11.6k	-11,570 -14.1%
38	CATERPILLAR INC COM CAT	CAT	17,889	$19.1m0.83%	0.83%	Added +512	+512 3.0%
39	MARKEL GROUP INC COM MKL	MKL	9,151	$17.9m0.78%	0.78%	Reduced -21	-21 -0.2%
40	PEPSICO INC COM PEP	PEP	125,785	$17.0m0.74%	0.74%	Added +609	+609 0.5%
41	ABBOTT LABS COM ABT	ABT	187,213	$17.0m0.74%	0.74%	Reduced -2.4k	-2,400 -1.3%
42	SPDR SERIES TRUST PORTFLI HIGH YLD SPHY	SPHY	715,925	$16.8m0.73%	0.73%	Added +534.2k	+534,179 293.9%
43	CUMMINS INC COM CMI	CMI	23,045	$16.4m0.71%	0.71%	Added +556	+556 2.5%
44	JOHNSON & JOHNSON COM JNJ	JNJ	63,130	$16.0m0.70%	0.70%	Added +5.3k	+5,296 9.2%
45	CISCO SYS INC COM CSCO	CSCO	135,028	$15.9m0.69%	0.69%	Added +58.9k	+58,863 77.3%
46	S&P GLOBAL INC COM SPGI	SPGI	38,904	$15.8m0.69%	0.69%	Reduced -216	-216 -0.6%
47	ELEVANCE HEALTH INC COM ELV	ELV	39,707	$15.4m0.67%	0.67%	Added +193	+193 0.5%
48	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	54,255	$15.3m0.66%	0.66%	Added +29.8k	+29,829 122.1%
49	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	45,191	$12.9m0.56%	0.56%	Reduced -656	-656 -1.4%
50	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	245,485	$12.9m0.56%	0.56%	Reduced -4.6k	-4,615 -1.9%
51	MEDTRONIC PLC SHS MDT	MDT	162,575	$12.7m0.55%	0.55%	Reduced -1	-1 0.0%
52	TRANSDIGM GROUP INC COM TDG	TDG	9,148	$12.2m0.53%	0.53%	Added +1.1k	+1,078 13.4%
53	COLGATE PALMOLIVE CO COM CL	CL	128,961	$11.8m0.51%	0.51%	Added +3.5k	+3,536 2.8%
54	ASTRAZENECA PLC ORD AZN	AZN	61,200	$11.6m0.50%	0.50%	Reduced -7.7k	-7,719 -11.2%
55	ISHARES TR CORE MSCI EAFE IEFA	IEFA	119,957	$11.6m0.50%	0.50%	Added +3.2k	+3,175 2.7%
56	ROPER TECHNOLOGIES INC COM ROP	ROP	32,879	$11.1m0.48%	0.48%	Reduced -1.1k	-1,101 -3.2%
57	ISHARES TR MBS ETF MBB	MBB	115,609	$10.9m0.47%	0.47%	Reduced -49.1k	-49,053 -29.8%
58	NORTHROP GRUMMAN CORP COM NOC	NOC	21,033	$10.7m0.47%	0.47%	Reduced -328	-328 -1.5%
59	WALMART INC COM WMT	WMT	88,401	$10.0m0.43%	0.43%	Added +4.0k	+4,010 4.8%
60	XYLEM INC COM XYL	XYL	79,697	$9.4m0.41%	0.41%	Reduced -1.6k	-1,579 -1.9%
61	BANK AMERICA CORP COM BAC	BAC	162,266	$9.2m0.40%	0.40%	Added +5.4k	+5,362 3.4%
62	EATON CORP PLC SHS ETN	ETN	17,907	$7.6m0.33%	0.33%	Reduced -997	-997 -5.3%
63	HOME DEPOT INC COM HD	HD	21,622	$7.6m0.33%	0.33%	Added +170	+170 0.8%
64	DUKE ENERGY CORP NEW COM NEW DUK	DUK	59,147	$7.5m0.33%	0.33%	Reduced -254	-254 -0.4%
65	COCA COLA CO COM KO	KO	91,728	$7.5m0.32%	0.32%	Added +2.9k	+2,933 3.3%
66	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	171,419	$7.3m0.32%	0.32%	Reduced -3.9k	-3,938 -2.2%
67	UNITEDHEALTH GROUP INC COM UNH	UNH	17,096	$7.1m0.31%	0.31%	Added +1.2k	+1,246 7.9%
68	FIRST BANCORP N C COM FBNC	FBNC	110,644	$7.1m0.31%	0.31%	Unchanged
69	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	18,805	$7.0m0.30%	0.30%	Reduced -32	-32 -0.2%
70	MORGAN STANLEY COM NEW MS	MS	30,845	$6.4m0.28%	0.28%	Added +1.3k	+1,300 4.4%
71	APPLIED MATLS INC COM AMAT	AMAT	8,330	$6.0m0.26%	0.26%	Reduced -644	-644 -7.2%
72	VANGUARD WORLD FD INF TECH ETF VGT	VGT	50,353	$6.0m0.26%	0.26%	Reduced -87	-87 -0.2%
73	VERTIV HOLDINGS CO COM CL A VRT	VRT	17,792	$6.0m0.26%	0.26%	Reduced -2.0k	-2,022 -10.2%
74	ISHARES INC CORE MSCI EMKT IEMG	IEMG	71,358	$5.9m0.26%	0.26%	Reduced -1.2k	-1,228 -1.7%
75	MERCK & CO INC COM MRK	MRK	45,198	$5.8m0.25%	0.25%	Added +1.3k	+1,263 2.9%
76	TEXAS INSTRS INC COM TXN	TXN	18,743	$5.6m0.24%	0.24%	Reduced -1.7k	-1,662 -8.2%
77	MOODYS CORP COM MCO	MCO	11,164	$5.1m0.22%	0.22%	Added +332	+332 3.1%
78	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	112,311	$5.0m0.22%	0.22%	Reduced -800	-800 -0.7%
79	FIDELITY COVINGTON TRUST MSCI FINLS IDX FNCL	FNCL	59,305	$4.5m0.20%	0.20%	Reduced -1.0k	-1,000 -1.7%
80	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	6,075	$4.5m0.20%	0.20%	Reduced -2.0k	-2,050 -25.2%
81	AMERICAN EXPRESS CO COM AXP	AXP	13,053	$4.4m0.19%	0.19%	Added +106	+106 0.8%
82	STARBUCKS CORP COM SBUX	SBUX	42,808	$4.4m0.19%	0.19%	Added +1.0k	+1,027 2.5%
83	BLACKROCK INC COM BLK	BLK	4,470	$4.3m0.19%	0.19%	Added +297	+297 7.1%
84	AMERICAN ELEC PWR CO INC COM AEP	AEP	31,251	$4.3m0.19%	0.19%	Added +778	+778 2.5%
85	NETFLIX INC COM NFLX	NFLX	58,409	$4.2m0.18%	0.18%	Added +30.8k	+30,781 111.4%
86	CHUBB LIMITED COM CB	CB	12,176	$4.1m0.18%	0.18%	Added +2.2k	+2,222 22.3%
87	AMGEN INC COM AMGN	AMGN	11,307	$4.1m0.18%	0.18%	Added +205	+205 1.9%
88	FIDELITY COVINGTON TRUST MSCI COMMNTN SVC FCOM	FCOM	57,756	$4.0m0.17%	0.17%	Reduced -984	-984 -1.7%
89	DIGITAL RLTY TR INC COM DLR	DLR	21,484	$3.9m0.17%	0.17%	Added +9.3k	+9,309 76.5%
90	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	5,152	$3.8m0.16%	0.16%	Reduced -226	-226 -4.2%
91	TESLA INC COM TSLA	TSLA	9,008	$3.8m0.16%	0.16%	Added +446	+446 5.2%
92	MCDONALDS CORP COM MCD	MCD	13,108	$3.5m0.15%	0.15%	Added +36	+36 0.3%
93	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	40,089	$3.5m0.15%	0.15%	Added +789	+789 2.0%
94	CITIGROUP INC COM NEW C	C	24,395	$3.4m0.15%	0.15%	New
95	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	8,480	$3.4m0.15%	0.15%	Added +2.1k	+2,143 33.8%
96	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	43,256	$3.3m0.15%	0.15%	Reduced -856	-856 -1.9%
97	AT&T INC COM T	T	158,663	$3.3m0.14%	0.14%	Added +2.2k	+2,173 1.4%
98	INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF	PRF	59,300	$3.2m0.14%	0.14%	Unchanged
99	MERCADOLIBRE INC COM MELI	MELI	1,887	$3.2m0.14%	0.14%	Added +188	+188 11.1%
100	SERVICENOW INC COM NOW	NOW	30,900	$3.1m0.13%	0.13%	Added +7.6k	+7,603 32.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	86,055	$14.6m86.1k shares
ACCENTURE PLC IRELAND ACN	ACN	56,346	$11.2m56.3k shares
ISHARES TR TLT	TLT	60,895	$5.3m60.9k shares
HONEYWELL INTL INC		6,786	$3.1m6.8k shares
CBRE GROUP INC CBRE	CBRE	13,862	$1.9m13.9k shares
NIKE INC NKE	NKE	18,640	$984.5k18.6k shares
INTUIT INTU	INTU	2,156	$932.4k2.2k shares
INVESCO EXCHANGE TRADED FD T XLG	XLG	7,793	$425.1k7.8k shares
ROYAL GOLD INC RGLD	RGLD	938	$238.7k938 shares
CINCINNATI FINL CORP CINF	CINF	1,496	$235.4k1.5k shares
FRANCO NEV CORP FNV	FNV	888	$219.4k888 shares
CONSTELLATION ENERGY CORP CEG	CEG	783	$218.7k783 shares
OR ROYALTIES INC. OR	OR	5,700	$216.7k5.7k shares
GILEAD SCIENCES INC GILD	GILD	1,480	$206.3k1.5k shares