-----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, AXkiGeSO0hk3m6d29rE9muyzBGGBXx0b7Xcu6CFcTB2sQaeasuLXeSOs09PKTWCJ jCv62uC//E1nbn2Tauc7Qw== 0000884423-03-000030.txt : 20031216 0000884423-03-000030.hdr.sgml : 20031216 20031113174536 ACCESSION NUMBER: 0000884423-03-000030 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030930 FILED AS OF DATE: 20031114 EFFECTIVENESS DATE: 20031114 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-03405 FILM NUMBER: 03999526 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/A 1 dm09300313f-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: September 30, 2003 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 6th day of November, 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: 152 FORM 13F INFORMATION TABLE VALUE TOTAL: $432,522,315 3 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 3M Company Abbott Labs Altria Group, Inc. American Intl. Group, Inc. Amgen Incorporated AOL Time Warner Apache Corp. Apollo Group Inc. CL A Arid Pharmaceuticals, Inc. Automatic Data Processing, Inc. Avery Dennison Corp. Bank of America Corp. BB&T Corporation Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A BNP Residential Property, Inc. common common common common common common common common common common common common common common common common 88579Y101 2824100 02209S103 26874107 31162100 2364J104 37411105 37604105 04033A100 53015103 53611109 60505104 54937107 84670207 84670108 5564T103 $7,601,015 $921,420 $1,708,550 $3,945,526 $3,636,347 $3,477,189 $203,860 $501,828 $120,400 $4,284,828 $3,292,388 $14,715,378 $3,890,777 $11,097,216 $1,650,000 $320,984 110,048 21,655 39,008 68,380 56,360 230,125 2,940 7,600 20,000 119,521 65,170 188,562 108,348 4,446 22 30,425 110,048 21,655 39,008 68,380 56,360 230,125 2,940 7,600 20,000 119,521 65,170 188,562 108,348 4,446 22 30,425
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 3M Company Abbott Labs Altria Group, Inc. American Intl. Group, Inc. Amgen Incorporated AOL Time Warner Apache Corp. Apollo Group Inc. CL A Arid Pharmaceuticals, Inc. Automatic Data Processing, Inc. Avery Dennison Corp. Bank of America Corp. BB&T Corporation Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A BNP Residential Property, 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 0 110,048 21,655 39,008 68,380 56,360 230,125 2,940 7,600 20,000 119,521 65,170 188,562 108,348 4,446 22 30,425 0 0 0 0 0 0 0 0 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 BP Amoco PLC ADR Canadian Nat. Res. Ltd. Capital Bank Corp. Capital One Financial Corp. Cardinal Health Inc. Certegy, Inc. Chevron Texaco Corporation Choicepoint, Inc. Cincinnati Financial Corp Cinergy Corp. Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Corporation Coddle Creek Financial Inc Coeur D Alene Mines CP Colgate-Palmolive Co. Collagenex Pharmaceuticals, Inc. common common common common common common common common common common common common common common common common common 55622104 136385101 139793103 14040H105 14149Y108 156880106 166764100 170388102 172062101 172474108 17275R102 172967101 191216100 191891100 192108108 194162103 19419B100 $896,562 $218,148 $1,824,952 $11,795,473 $11,179,116 $1,416,051 $412,838 $2,010,000 $559,680 $635,828 $3,396,338 $9,808,224 $1,420,730 $807,500 $124,400 $255,976 $590,150 21,296 5,300 116,239 206,793 191,456 44,100 5,778 60,000 13,992 17,325 173,371 215,518 33,071 23,750 40,000 4,580 55,000 21,296 5,300 116,239 206,793 191,456 44,100 5,778 60,000 13,992 17,325 173,371 215,518 33,071 23,750 40,000 4,580 55,000
BP Amoco PLC ADR Canadian Nat. Res. Ltd. Capital Bank Corp. Capital One Financial Corp. Cardinal Health Inc. Certegy, Inc. Chevron Texaco Corporation Choicepoint, Inc. Cincinnati Financial Corp Cinergy Corp. Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Corporation Coddle Creek Financial Inc Coeur D Alene Mines CP Colgate-Palmolive Co. Collagenex Pharmaceuticals, 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 21,296 5,300 116,239 206,793 191,456 44,100 5,778 60,000 13,992 17,325 173,371 215,518 33,071 23,750 40,000 4,580 55,000 0 0 0 0 0 0 0 0 0 0 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 CommScope, Inc. Community Bancshares, Inc. SC Cree, Inc. Cresent Financial Corp. CT Communications, Inc. D. R. Horton Company Dell, Inc. Dentsply Intl. Inc. New Devon Energy Corp. Dimon, Inc. Disney, Walt Company Dobson Communications Corp. CL A Duke Energy Corporation Dupont de nemours E.I. Dynamic Oil & Gas, Inc. Eaton Corp EMC Corp. MASS common common common common common common common common common common common common common common common common common 203372107 20343F190 225447101 225744101 126426402 23331A109 24702R101 249030107 25179M103 254394109 254687106 256069105 264399106 263534109 267906105 278058102 268648102 $355,167 $1,527,956 $487,539 $344,052 $178,992 $6,356,259 $1,052,698 $269,040 $1,516,780 $8,967,551 $655,243 $162,400 $1,483,092 $226,297 $1,329,900 $205,953 $248,318 29,450 81,491 26,325 28,201 15,840 194,381 38,266 6,000 31,475 1,299,645 32,486 20,000 83,273 5,656 341,000 2,324 19,661 29,450 81,491 26,325 28,201 15,840 194,381 38,266 6,000 31,475 1,299,645 32,486 20,000 83,273 5,656 341,000 2,324 19,661
CommScope, Inc. Community Bancshares, Inc. SC Cree, Inc. Cresent Financial Corp. CT Communications, Inc. D. R. Horton Company Dell, Inc. Dentsply Intl. Inc. New Devon Energy Corp. Dimon, Inc. Disney, Walt Company Dobson Communications Corp. CL A Duke Energy Corporation Dupont de nemours E.I. Dynamic Oil & Gas, Inc. Eaton Corp EMC Corp. MASS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29,450 81,491 26,325 28,201 15,840 194,381 38,266 6,000 31,475 1,299,645 32,486 20,000 83,273 5,656 341,000 2,324 19,661 0 0 0 0 0 0 0 0 0 0 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 Emerson Electric EOG Resource, Inc. Exxon Mobile Corporation First Data Corporation First State Bancorp Frisby Technologies, Inc. General Dynamics Corp. General Electric Company General Maritime Corp. General Motors CP CL H New Given Imaging Glaxo Smith Kline PLC Golden West Guidant Corporation Harley Davidson, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT common common common common common common common common common common common common common common common common common 291011104 26875P101 302290101 319963104 33645S100 358743102 369550108 369604103 Y2692M103 370442832 M52020100 37733W105 381317106 401698105 412822108 428236103 431284108 $236,083 $217,048 $2,395,141 $349,650 $205,940 $200 $496,852 $14,994,788 $1,144,915 $616,618 $7,130,870 $272,250 $252,687 $977,525 $253,050 $1,544,134 $1,573,567 4,484 5,200 65,441 8,750 7,670 100,000 6,365 503,012 100,080 43,090 657,223 6,421 2,823 20,865 5,250 79,759 65,950 4,484 5,200 65,441 8,750 7,670 100,000 6,365 503,012 100,080 43,090 657,223 6,421 2,823 20,865 5,250 79,759 65,950
Emerson Electric EOG Resource, Inc. Exxon Mobile Corporation First Data Corporation First State Bancorp Frisby Technologies, Inc. General Dynamics Corp. General Electric Company General Maritime Corp. General Motors CP CL H New Given Imaging Glaxo Smith Kline PLC Golden West Guidant Corporation Harley Davidson, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,484 5,200 65,441 8,750 7,670 100,000 6,365 503,012 100,080 43,090 657,223 6,421 2,823 20,865 5,250 79,759 65,950 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 Home Depot, Inc. Houston Exploration Co. Hubbell Inc. Class B Hudson City Bancorp, Inc. Intel Corp International Business Machines Intervoice, Inc. Introgen Therapeutics, Inc. Jefferson Pilot Corp Johnson & Johnson KB Home Key Energy Services, Inc. Knight Trading Group, Inc. Koninklijke Philips Electronics NV Krispy Kreme Doughnuts, Inc. Leggett & Platt, Inc. Level 3 Communications, Inc. common common common common common common common common common common common common common common common common common 437076102 442120101 443510201 443683107 458140100 459200101 461142101 46119F107 475070108 478160104 48666K109 492914106 48266R108 718337540 501014104 524660107 52729N100 $263,495 $600,210 $475,720 $369,840 $10,002,557 $947,251 $356,000 $485,100 $1,413,104 $8,569,882 $399,722 $627,250 $857,250 $250,011 $1,505,735 $1,755,664 $4,050,095 8,273 17,100 13,037 12,000 363,465 10,724 40,000 55,000 31,841 173,059 6,700 65,000 75,000 10,908 39,110 81,168 747,250 8,273 17,100 13,037 12,000 363,465 10,724 40,000 55,000 31,841 173,059 6,700 65,000 75,000 10,908 39,110 81,168 747,250
Home Depot, Inc. Houston Exploration Co. Hubbell Inc. Class B Hudson City Bancorp, Inc. Intel Corp International Business Machines Intervoice, Inc. Introgen Therapeutics, Inc. Jefferson Pilot Corp Johnson & Johnson KB Home Key Energy Services, Inc. Knight Trading Group, Inc. Koninklijke Philips Electronics NV Krispy Kreme Doughnuts, Inc. Leggett & Platt, Inc. Level 3 Communications, 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 8,273 17,100 13,037 12,000 363,465 10,724 40,000 55,000 31,841 173,059 6,700 65,000 75,000 10,908 39,110 81,168 747,250 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Liberty Acorn Trust International Liberty Media New Ser A Lilly, Eli & Co. Lowes Companies Inc. Max Re Capital Ltd. McKesson Corporation Medco Health Solutions, Inc. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Microsoft Corporation Morgan, JP Chase & Co. National Commerce Financial Corp. Natural Gas Services Group Newell Rubbermaid, Inc. Nokia Corp. NovaGold Res. Inc. common common common common common common common common common common common common common common common common common 53015P817 530718105 532457108 548661107 G6052F103 58155Q103 58405U102 585055106 589331107 591520200 594918104 46625H100 63545P104 63886Q109 651229106 654902204 66987 E206 $772,969 $5,844,165 $386,100 $16,801,743 $561,660 $2,115,679 $336,857 $2,347,032 $7,980,142 $212,040 $16,890,363 $385,595 $1,832,387 $233,000 $266,324 $5,438,628 $709,400 40,029 586,175 6,500 323,733 33,000 63,553 12,991 50,022 157,648 18,000 607,567 11,232 73,649 50,000 12,290 348,630 200,000 40,029 586,175 6,500 323,733 33,000 63,553 12,991 50,022 157,648 18,000 607,567 11,232 73,649 50,000 12,290 348,630 200,000
Liberty Acorn Trust International Liberty Media New Ser A Lilly, Eli & Co. Lowes Companies Inc. Max Re Capital Ltd. McKesson Corporation Medco Health Solutions, Inc. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Microsoft Corporation Morgan, JP Chase & Co. National Commerce Financial Corp. Natural Gas Services Group Newell Rubbermaid, Inc. Nokia Corp. NovaGold Res. 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 40,029 586,175 6,500 323,733 33,000 63,553 12,991 50,022 157,648 18,000 607,567 11,232 73,649 50,000 12,290 348,630 200,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Novogen Limited Sponsored ADR Oil Service Holders Dep. RCPT Pepsico, Inc. Pfizer, Inc. Pharmanetics, Inc. Pimco Strategic Global Govt. Fd. Pinnacle Financial Partners Polaris Industries, Inc. Procter & Gamble Progress Energy, Inc. Republic Services, Inc. Sara Lee Corporation Schering-Plough Corp ServiceMaster Co. Sonoco Products Sony Corp ADR New Com Southern Community Financial common common common common common common common common common common common common common common common common common 67010F103 678002106 713448108 717081103 71713J107 72200X104 72346Q104 731068102 742718109 743263105 760759100 803111103 806605101 81760N109 835495102 835699307 842632101 $403,340 $305,280 $15,406,396 $12,142,400 $3,871,984 $227,594 $3,225,965 $444,900 $4,844,369 $203,627 $301,112 $416,992 $159,639 $3,799,309 $3,176,911 $5,525,022 $1,315,940 21,500 5,300 336,164 399,684 782,219 19,255 163,340 6,000 52,191 4,580 13,300 22,712 10,475 370,303 144,734 158,765 131,594 21,500 5,300 336,164 399,684 782,219 19,255 163,340 6,000 52,191 4,580 13,300 22,712 10,475 370,303 144,734 158,765 131,594
Novogen Limited Sponsored ADR Oil Service Holders Dep. RCPT Pepsico, Inc. Pfizer, Inc. Pharmanetics, Inc. Pimco Strategic Global Govt. Fd. Pinnacle Financial Partners Polaris Industries, Inc. Procter & Gamble Progress Energy, Inc. Republic Services, Inc. Sara Lee Corporation Schering-Plough Corp ServiceMaster Co. Sonoco Products Sony Corp ADR New Com Southern Community Financial 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21,500 5,300 336,164 399,684 782,219 19,255 163,340 6,000 52,191 4,580 13,300 22,712 10,475 370,303 144,734 158,765 131,594 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10 Southern Financial Bancorp Southtrust Corp. Spherion Corporation Starbucks Corp. Stericycle, Inc. Suntrust Banks, Inc. Sysco Corporation Target Corporation TCF Financial Corp Terra Industries Texas Instruments Travelers Property Casualty CL B Tri Continental Corp Triad Guaranty Inc. Tribune Co Tyco Intl Ltd New Unifirst Corporation - Mass common common common common common common common common common common common common common common common common common 842870107 844730101 848420105 855244109 858912108 867914103 871829107 87612E106 872275102 880915103 882508104 89420G406 895436103 895925105 896047107 902124106 904708104 $8,147,840 $241,926 $80,806 $466,560 $472,500 $226,146 $16,429,808 $318,162 $614,335 $26,937 $786,714 $259,971 $165,069 $25,841,356 $13,389,535 $252,515 $503,674 206,903 8,240 11,610 16,200 10,000 3,746 502,287 8,455 12,812 13,814 34,505 16,371 11,034 526,515 291,711 12,360 21,306 206,903 8,240 11,610 16,200 10,000 3,746 502,287 8,455 12,812 13,814 34,505 16,371 11,034 526,515 291,711 12,360 21,306
Southern Financial Bancorp Southtrust Corp. Spherion Corporation Starbucks Corp. Stericycle, Inc. Suntrust Banks, Inc. Sysco Corporation Target Corporation TCF Financial Corp Terra Industries Texas Instruments Travelers Property Casualty CL B Tri Continental Corp Triad Guaranty Inc. Tribune Co Tyco Intl Ltd New Unifirst Corporation - Mass 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 206,903 8,240 11,610 16,200 10,000 3,746 502,287 8,455 12,812 13,814 34,505 16,371 11,034 526,515 291,711 12,360 21,306 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11 Union Planters Corp. Unumprovident Corp. US Bancorp Del VF Corporation Vialink Company Wachovia Corporation New Walgreen Company Wal-Mart Stores, Inc. Washington Mutual, Inc. Waste Management, Inc. DEL Wellpoint Health Networks Wells Fargo & Co. Wheaton River Min. Ltd. Wyeth XTO Energy, Inc. Yum Brands, Inc. common common common common common common common common common common common common common common common common 908068109 91529Y106 902973304 918204108 92552Q101 929903102 931422109 931142103 939322103 94106L109 94973H108 949746101 962902102 983024100 98385X106 988498101 $256,221 $295,400 $1,190,192 $2,614,402 $3,600 $6,883,179 $8,437,184 $5,759,811 $5,849,791 $8,054,262 $2,990,704 $543,583 $22,000 $1,538,219 $982,962 $314,979 8,098 20,000 49,612 67,191 36,000 167,108 275,365 103,130 148,585 307,767 38,800 10,555 11,000 33,367 46,830 10,634 8,098 20,000 49,612 67,191 36,000 167,108 275,365 103,130 148,585 307,767 38,800 10,555 11,000 33,367 46,830 10,634 Grand Total 10/31/03 432,522,315
Union Planters Corp. Unumprovident Corp. US Bancorp Del VF Corporation Vialink Company Wachovia Corporation New Walgreen Company Wal-Mart Stores, Inc. Washington Mutual, Inc. Waste Management, Inc. DEL Wellpoint Health Networks Wells Fargo & Co. Wheaton River Min. Ltd. 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 8,098 20,000 49,612 67,191 36,000 167,108 275,365 103,130 148,585 307,767 38,800 10,555 11,000 33,367 46,830 10,634 0 0 0 0 0 0 0 0 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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