-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UdMVx+8WEbTs7LRPmTuIx4aGqVcOjPzox2rIUXqc5RTTSCixDOiTkE1+egqxtJCW OjgBhIUn+wCGiUfN5+LkhQ== 0000884423-03-000001.txt : 20030205 0000884423-03-000001.hdr.sgml : 20030205 20030205144141 ACCESSION NUMBER: 0000884423-03-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021231 FILED AS OF DATE: 20030205 EFFECTIVENESS DATE: 20030205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALEM INVESTMENT COUNSELORS INC CENTRAL INDEX KEY: 0000884423 IRS NUMBER: 561225913 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03405 FILM NUMBER: 03540471 BUSINESS ADDRESS: STREET 1: 480 SHEPHERD ST CITY: WINSTON SALEM STATE: NC ZIP: 27103 BUSINESS PHONE: 3367687230 MAIL ADDRESS: STREET 1: PO BOX 25427 CITY: WINSTON-SALEM STATE: NC ZIP: 27114-5427 13F-HR 1 dm12310213f-hrb.txt 13F FILING 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2002 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding entries Salem Investment Counselors, Inc. Name of Institutional Investment Manager 480 Shepherd Street Winston-Salem NC 27103 Business Address (Street) (City) (State) (Zip) Dale M. Brown, Vice President 336.768.7230 Name, Phone No.,and Title of Person Duly Authorized to Submit This Report. ATTENTION INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS. See 18 U.S.C. AND 15 U.S.C. 78ff(a) The institutional investment manager submitting this Form and its attachments and the person by whom it is signed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements and schedules are considered integral parts of this Form and that the submission of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Pursuant to the requirements of the Securities Exchange Act of 1934, the undersigned institutional investment manager has caused this report to be signed on its behalf in the City of Winston-Salem and State of North Carolina on the 31 day of January, 2003. Salem Investment Counselors, Inc. (Name of Institutional Investment Manager) /s/ DALE M. BROWN (Manual Signature of Person Duly Authorized To Submit This Report) Name and 13F file numbers of all Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report): (List in alphabetical order). 13F File Numbers will be assigned to Institutional Investment Managers after they file their first report. Name: 13F File No.: Name: <13F File No.: 1. 6. 2. 7. 3. 8. 4. 9. 5. 10. 2 FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY: 156 FORM 13F INFORMATION TABLE VALUE TOTAL: $373,983,895 2 FORM 13F Name of Reporting Manager: Salem Investment Counselors, Inc.
Item 1 Name of Issuer Item 2 Title of Class Item 3 Cusip Number Item 4 Fair Market Value Item 5 Shares of Principal Amount (a) Sole Abbott Labs Allos Therapeutics Alltell Corp. (AT) ALR Technologies, Inc. Amdocs Ltd. American Intl. Group, Inc. Amgen Incorporated AmSouth Bancorporation Anheuser Busch Company, Inc. AOL Time Warner Apollo Group Inc. CL A Applied Materials, Inc. Automatic Data Processing, Inc. Bank of America Corp. Bank of Granite Corp BB&T Corporation Berkshire Hathaway, Inc. CL B BRKB Berkshire Hathaway, Inc. DEL CL A BNP Residential Property, Inc. Boeing Company Boston Acoustics BP Amoco PLC ADR Bristol Myers Squibb Co. Capital Bank Corp. Capital One Financial Corp. Cardinal Health Inc. Certegy, Inc. Chevron Texaco Corporation Choicepoint, Inc. Cincinnati Financial Corp Cisco Sys., Inc. common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common 2824100 19777101 20039103 1630102 G02602103 26874107 31162100 32165102 35229103 2364J104 37604105 38222105 53015103 60505104 62401104 54937107 84670207 84670108 5564T103 97023105 100534106 55622104 110122108 139793103 14040H105 14149Y108 156880106 166764100 170388102 172062101 17275R102 $1,047,600 $110,250 $2,855,388 $9,500 $1,163,670 $2,542,450 $1,149,670 $374,285 $262,812 $3,293,812 $631,400 $436,179 $446,076 $12,723,449 $569,485 $4,317,214 $10,208,099 $1,818,750 $273,223 $211,169 $129,000 $927,674 $209,785 $1,504,133 $6,835,838 $10,488,409 $1,082,655 $371,158 $2,369,400 $641,805 $1,068,724 26,190 15,000 55,988 50,000 118,500 43,949 23,783 19,494 5,430 251,436 14,350 33,475 11,365 182,887 32,542 116,713 4,213 25 27,025 6,401 10,750 22,821 9,062 116,239 230,008 177,199 44,100 5,583 60,000 17,092 81,582 26,190 15,000 55,988 50,000 118,500 43,949 23,783 19,494 5,430 251,436 14,350 33,475 11,365 182,887 32,542 116,713 4,213 25 27,025 6,401 10,750 22,821 9,062 116,239 230,008 177,199 44,100 5,583 60,000 17,092 81,582
Item 1 Name of Issuer Item 6 (b) Shares as defined in Instr. V. Item 7 Managers See Instr. V. (a) Sole Item 8 (b) Shared (c) None < Abbott Labs Allos Therapeutics Alltell Corp. (AT) ALR Technologies, Inc. Amdocs Ltd. American Intl. Group, Inc. Amgen Incorporated AmSouth Bancorporation Anheuser Busch Company, Inc. AOL Time Warner Apollo Group Inc. CL A Applied Materials, Inc. Automatic Data Processing, Inc. Bank of America Corp. Bank of Granite Corp BB&T Corporation Berkshire Hathaway, Inc. CL B BRKB Berkshire Hathaway, Inc. DEL CL A BNP Residential Property, Inc. Boeing Company Boston Acoustics BP Amoco PLC ADR Bristol Myers Squibb Co. Capital Bank Corp. Capital One Financial Corp. Cardinal Health Inc. Certegy, Inc. Chevron Texaco Corporation Choicepoint, Inc. Cincinnati Financial Corp Cisco Sys., Inc. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26,190 15,000 55,988 50,000 118,500 43,949 23,783 19,494 5,430 251,436 14,350 33,475 11,365 182,887 32,542 116,713 4,213 25 27,025 6,401 10,750 22,821 9,062 116,239 230,008 177,199 44,100 5,583 60,000 17,092 81,582 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3 Citigroup, Inc. Citizens South Banking Corp. Clayton Homes Coca-Cola Corporation Coddle Creek Financial Inc Colgate-Palmolive Co. Collagenex Pharmaceuticals, Inc. CommScope, Inc. Community Bancshares, Inc. SC Conseco, Inc. CT Communications, Inc. D. R. Horton Company Dell Computer Corp. Denbury Resources, Inc. Dentsply Intl. Inc. New Devon Energy Corp. Dimon, Inc. Disney, Walt Company Duke Energy Corporation Dupont de nemours E.I. EMC Corp. MASS Emerson Electric Exxon Mobile Corporation Fannie Mae Fedex Corporation First State Bancorp Frisby Technologies, Inc. Genentech, Inc. New General Electric Company General Motors CP CL H New Given Imaging common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common 172967101 176682102 184190106 191216100 191891100 194162103 19419B100 203372107 20343F190 208464107 126426402 23331A109 247025109 247916208 249030107 25179M103 254394109 254687106 264399106 263534109 268648102 291011104 302290101 313586109 31428X106 33645S100 358743102 368710406 369604103 370442832 M52020100 $7,885,973 $510,000 $6,566,518 $1,977,885 $847,818 $264,772 $519,200 $248,850 $1,324,229 $390 $178,992 $468,641 $907,788 $1,096,100 $223,200 $1,623,850 $7,731,870 $1,099,424 $2,084,058 $281,282 $150,430 $228,011 $1,922,608 $520,108 $347,008 $299,824 $2,350 $1,294,732 $11,168,769 $321,963 $4,268,610 224,097 50,000 539,123 45,116 29,748 5,050 55,000 31,500 81,491 10,000 15,840 27,011 33,898 97,000 6,000 35,378 1,288,645 67,408 106,656 6,634 24,500 4,484 55,026 8,085 6,400 12,868 94,000 39,045 458,601 30,090 460,973 224,097 50,000 539,123 45,116 29,748 5,050 55,000 31,500 81,491 10,000 15,840 27,011 33,898 97,000 6,000 35,378 1,288,645 67,408 106,656 6,634 24,500 4,484 55,026 8,085 6,400 12,868 94,000 39,045 458,601 30,090 460,973
Citigroup, Inc. Citizens South Banking Corp. Clayton Homes Coca-Cola Corporation Coddle Creek Financial Inc Colgate-Palmolive Co. Collagenex Pharmaceuticals, Inc. CommScope, Inc. Community Bancshares, Inc. SC Conseco, Inc. CT Communications, Inc. D. R. Horton Company Dell Computer Corp. Denbury Resources, Inc. Dentsply Intl. Inc. New Devon Energy Corp. Dimon, Inc. Disney, Walt Company Duke Energy Corporation Dupont de nemours E.I. EMC Corp. MASS Emerson Electric Exxon Mobile Corporation Fannie Mae Fedex Corporation First State Bancorp Frisby Technologies, Inc. Genentech, Inc. New General Electric Company General Motors CP CL H New Given Imaging 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 224,097 50,000 539,123 45,116 29,748 5,050 55,000 31,500 81,491 10,000 15,840 27,011 33,898 97,000 6,000 35,378 1,288,645 67,408 106,656 6,634 24,500 4,484 55,026 8,085 6,400 12,868 94,000 39,045 458,601 30,090 460,973 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4 Glaxo Smith Kline PLC Golden West Guidant Corporation Harley Davidson, Inc. HCA, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT Home Depot, Inc. Houston Exploration Co. Hubbell Inc. Class B Hudson City Bancorp Intel Corp International Business Machines IRT Properties Company Jefferson Pilot Corp Johnson & Johnson KB Home Kerzner International Ltd. Key Energy Services, Inc. Koninklijke Philips Electronics NV Kraft Foods, Inc. CL A Krispy Kreme Doughnuts, Inc. Kroger Company KS Bancorp Leggett & Platt, Inc. Liberty Acorn Fund Liberty Acorn Trust International Liberty Media New Ser A Lilly, Eli & Co. Lowes Companies Inc. McDonalds Corporation common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common 37733W105 381317106 401698105 412822108 404119109 428236103 431284108 437076102 442120101 443510201 443683107 458140100 459200101 450058102 475070108 478160104 48666K109 P6065Y107 492914106 718337540 50075N104 501014104 501044101 48266R108 524660107 53013P403 53015P817 530718105 532457108 548661107 580135101 $224,610 $202,720 $5,925,390 $309,309 $228,250 $1,548,807 $633,718 $631,438 $523,260 $551,593 $223,560 $5,589,926 $1,286,888 $583,695 $1,191,433 $5,464,831 $677,030 $301,200 $179,400 $242,304 $389,300 $320,815 $5,301,760 $1,164,983 $2,769,545 $157,682 $1,648,555 $4,635,175 $488,315 $11,591,250 $531,605 5,996 2,823 192,071 6,695 5,500 89,217 28,675 26,288 17,100 15,697 12,000 359,019 16,605 49,174 31,263 101,747 15,800 15,000 20,000 13,705 10,000 9,500 343,156 71,144 123,420 10,173 107,049 518,476 7,690 309,100 33,060 5,996 2,823 192,071 6,695 5,500 89,217 28,675 26,288 17,100 15,697 12,000 359,019 16,605 49,174 31,263 101,747 15,800 15,000 20,000 13,705 10,000 9,500 343,156 71,144 123,420 10,173 107,049 518,476 7,690 309,100 33,060
Glaxo Smith Kline PLC Golden West Guidant Corporation Harley Davidson, Inc. HCA, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT Home Depot, Inc. Houston Exploration Co. Hubbell Inc. Class B Hudson City Bancorp Intel Corp International Business Machines IRT Properties Company Jefferson Pilot Corp Johnson & Johnson KB Home Kerzner International Ltd. Key Energy Services, Inc. Koninklijke Philips Electronics NV Kraft Foods, Inc. CL A Krispy Kreme Doughnuts, Inc. Kroger Company KS Bancorp Leggett & Platt, Inc. Liberty Acorn Fund Liberty Acorn Trust International Liberty Media New Ser A Lilly, Eli & Co. Lowes Companies Inc. McDonalds Corporation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,996 2,823 192,071 6,695 5,500 89,217 28,675 26,288 17,100 15,697 12,000 359,019 16,605 49,174 31,263 101,747 15,800 15,000 20,000 13,705 10,000 9,500 343,156 71,144 123,420 10,173 107,049 518,476 7,690 309,100 33,060 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 McKesson Corporation Medtronic, Inc. Mellon Financial Corp. Merck & Co. Methode Electronics, Inc. Class A Microsoft Corporation Morgan, JP Chase & Co. National Commerce Financial Corp. Newell Rubbermaid, Inc. Nokia Corp. NovaGold Res. Inc. Pepsico, Inc. Pfizer, Inc. Pharmacia Corp. Pharmanetics, Inc. Philip Morris Cos. Inc. Piedmont Natural Gas Pilot Therapeutics Holdings Pimco Strategic Global Govt. Fd. Pinnacle Financial Partners Pioneer Natural Res. Co. Polaris Industries, Inc. Procter & Gamble Progress Energy, Inc. Sara Lee Corporation Scana Corp. Schering-Plough Corp ServiceMaster Co. Shaw Group, Inc. Sonoco Products Southcoast Financial Corp. common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common 58155Q103 585055106 58551A108 589331107 591520200 594918104 46625H100 63545P104 651229106 654902204 66987 E206 713448108 717081103 71713U102 71713J107 718154107 720186105 721650109 72200X104 72346Q104 723787107 731068102 742718109 743263105 803111103 80589M102 806605101 81760N109 820280105 835495102 84129R100 $1,538,277 $3,899,347 $699,748 $10,619,979 $197,460 $15,528,871 $288,168 $1,781,023 $637,870 $4,286,835 $518,400 $13,759,202 $10,021,366 $419,296 $3,657,695 $1,342,273 $291,425 $29,375 $230,249 $3,402,999 $359,813 $351,600 $2,807,746 $458,643 $841,514 $313,903 $512,265 $5,023,050 $174,617 $2,975,420 $319,440 56,910 85,512 26,800 187,599 18,000 300,365 12,007 74,676 21,031 276,570 160,000 325,893 327,817 10,031 526,287 33,118 8,244 12,500 19,300 262,790 14,250 6,000 32,671 10,580 37,384 10,139 23,075 452,527 10,615 129,761 26,620 56,910 85,512 26,800 187,599 18,000 300,365 12,007 74,676 21,031 276,570 160,000 325,893 327,817 10,031 526,287 33,118 8,244 12,500 19,300 262,790 14,250 6,000 32,671 10,580 37,384 10,139 23,075 452,527 10,615 129,761 26,620
McKesson Corporation Medtronic, Inc. Mellon Financial Corp. Merck & Co. Methode Electronics, Inc. Class A Microsoft Corporation Morgan, JP Chase & Co. National Commerce Financial Corp. Newell Rubbermaid, Inc. Nokia Corp. NovaGold Res. Inc. Pepsico, Inc. Pfizer, Inc. Pharmacia Corp. Pharmanetics, Inc. Philip Morris Cos. Inc. Piedmont Natural Gas Pilot Therapeutics Holdings Pimco Strategic Global Govt. Fd. Pinnacle Financial Partners Pioneer Natural Res. Co. Polaris Industries, Inc. Procter & Gamble Progress Energy, Inc. Sara Lee Corporation Scana Corp. Schering-Plough Corp ServiceMaster Co. Shaw Group, Inc. Sonoco Products Southcoast Financial Corp. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56,910 85,512 26,800 187,599 18,000 300,365 12,007 74,676 21,031 276,570 160,000 325,893 327,817 10,031 526,287 33,118 8,244 12,500 19,300 262,790 14,250 6,000 32,671 10,580 37,384 10,139 23,075 452,527 10,615 129,761 26,620 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Southern Community Financial Southern Financial Bancorp Southtrust Corp. Spherion Corporation Standard & Poors Depositary Receipts Stericycle, Inc. Sysco Corporation Target Corporation TCF Financial Corp Terra Industries Texas Instruments 3M Company Travelers Property Casualty CL B Triad Guaranty Inc. Tribune Co Tyco Intl Ltd New Unifirst Corporation - Mass Union Planters Corp. US Bancorp Del VF Corporation Vialink Company Wachovia Corporation New Walgreen Company Wallace Computer Service Wal-Mart Stores, Inc. Washington Mutual, Inc. Waste Management, Inc. DEL Wellpoint Health Networks Wells Fargo & Co. Wyeth XTO Energy, Inc. Yum Brands, Inc. common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common common 842632101 842870107 844730101 848420105 78462F103 858912108 871829107 87612E106 872275102 880915103 882508104 88579Y101 89420G406 895925105 896047107 902124106 904708104 908068109 902973304 918204108 92552Q101 929903102 931422109 932270101 931142103 939322103 94106L109 94973H108 949746101 983024100 98385X106 988498101 $506,975 $6,892,930 $214,704 $77,787 $970,530 $647,580 $15,006,176 $386,220 $593,660 $30,857 $241,886 $7,015,030 $318,022 $22,411,802 $13,312,188 $662,106 $490,981 $227,878 $1,464,477 $2,564,092 $6,300 $6,603,220 $581,465 $3,493,224 $3,640,508 $4,595,011 $5,812,283 $1,248,858 $255,442 $1,780,951 $1,125,826 $1,560,398 76,931 229,001 8,640 11,610 11,000 20,000 503,732 12,874 13,588 20,168 16,115 56,894 21,708 608,025 292,833 38,765 24,306 8,098 69,014 71,126 36,000 181,208 19,920 162,400 72,075 133,073 253,590 17,550 5,450 47,619 45,580 64,426 76,931 229,001 8,640 11,610 11,000 20,000 503,732 12,874 13,588 20,168 16,115 56,894 21,708 608,025 292,833 38,765 24,306 8,098 69,014 71,126 36,000 181,208 19,920 162,400 72,075 133,073 253,590 17,550 5,450 47,619 45,580 64,426 Grand Total 12/31/02 373,983,895
Southern Community Financial Southern Financial Bancorp Southtrust Corp. Spherion Corporation Standard & Poors Depositary Receipts Stericycle, Inc. Sysco Corporation Target Corporation TCF Financial Corp Terra Industries Texas Instruments 3M Company Travelers Property Casualty CL B Triad Guaranty Inc. Tribune Co Tyco Intl Ltd New Unifirst Corporation - Mass Union Planters Corp. US Bancorp Del VF Corporation Vialink Company Wachovia Corporation New Walgreen Company Wallace Computer Service Wal-Mart Stores, Inc. Washington Mutual, Inc. Waste Management, Inc. DEL Wellpoint Health Networks Wells Fargo & Co. Wyeth XTO Energy, Inc. Yum Brands, Inc. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 76,931 229,001 8,640 11,610 11,000 20,000 503,732 12,874 13,588 20,168 16,115 56,894 21,708 608,025 292,833 38,765 24,306 8,098 69,014 71,126 36,000 181,208 19,920 162,400 72,075 133,073 253,590 17,550 5,450 47,619 45,580 64,426 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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