13F-HR 1 dm06300713f-hrb.txt 2ND QUARTER 2007 13F 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: June 30, 2007 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 9th day of August, 2007. 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: 248 FORM 13F INFORMATION TABLE VALUE TOTAL: $669,617,384 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 Accenture Ltd Class A Activision, Inc. Acuity Brands, Inc. Alcon, Inc. Alexco Resource Corp. Alliance One International Alltell Corp. Altria Group, Inc. American Intl. Group, Inc. Amgen Incorporated Anheuser Busch Company, Inc. Apache Corp. Apple, Inc. Aqua America, Inc. common common common common common common common common common common common common common common common common 88579Y101 2824100 G1150G111 4930202 00508Y102 H01301102 01535P106 18772103 20039103 02209S103 26874107 31162100 35229103 37411105 37833100 03836W103 $12,796,925 $1,261,692 $202,269 $2,870,905 $277,288 $364,257 $1,545,040 $1,605,216 $246,693 $5,208,667 $4,851,398 $1,459,490 $599,058 $6,025,014 $1,736,995 $274,940 147,447 23,561 4,716 153,771 4,600 2,700 310,000 159,723 3,652 74,261 69,276 26,397 11,485 73,845 14,233 12,225 147,447 23,561 4,716 153,771 4,600 2,700 310,000 159,723 3,652 74,261 69,276 26,397 11,485 73,845 14,233 12,225
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 Accenture Ltd Class A Activision, Inc. Acuity Brands, Inc. Alcon, Inc. Alexco Resource Corp. Alliance One International Alltell Corp. Altria Group, Inc. American Intl. Group, Inc. Amgen Incorporated Anheuser Busch Company, Inc. Apache Corp. Apple, Inc. Aqua America, 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 0 147,447 23,561 4,716 153,771 4,600 2,700 310,000 159,723 3,652 74,261 69,276 26,397 11,485 73,845 14,233 12,225 0 0 0 0 0 0 0 0 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 Arbor Realty Tr., Inc. Arch Coal, Inc. AT&T Corp. Automatic Data Processing, Inc. Bank of America Corp. Bank of Carolinas; Mocksville NC Banner Corporation Barclays BK PLC Ipath ETNS Barrick Gold Corp. BB&T Corporation Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A Best Buy, Inc. BHP Billiton Ltd. ADR Blackrock Broad Inv. 2009 Blackrock Core Bd. Trust Blackrock Floating Rate Income common common common common common common common common common common common common common common common common common 38923108 39380100 00206R102 53015103 60505104 06423T102 06652V109 06739F291 67901108 54937107 84670207 84670108 86516101 88606108 09247Q106 09249 E101 09255X100 $437,480 $487,200 $1,833,396 $5,451,372 $26,485,277 $2,264,447 $226,669 $954,722 $232,560 $4,436,276 $17,311,210 $2,736,875 $554,206 $5,513,431 $591,471 $805,350 $245,960 16,950 14,000 44,178 112,469 541,732 193,708 6,655 15,825 8,000 109,053 4,802 25 11,875 92,275 38,785 64,583 13,000 16,950 14,000 44,178 112,469 541,732 193,708 6,655 15,825 8,000 109,053 4,802 25 11,875 92,275 38,785 64,583 13,000
Arbor Realty Tr., Inc. Arch Coal, Inc. AT&T Corp. Automatic Data Processing, Inc. Bank of America Corp. Bank of Carolinas; Mocksville NC Banner Corporation Barclays BK PLC Ipath ETNS Barrick Gold Corp. BB&T Corporation Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A Best Buy, Inc. BHP Billiton Ltd. ADR Blackrock Broad Inv. 2009 Blackrock Core Bd. Trust Blackrock Floating Rate Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16,950 14,000 44,178 112,469 541,732 193,708 6,655 15,825 8,000 109,053 4,802 25 11,875 92,275 38,785 64,583 13,000 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 Blackrock Incm. Opportunity TR Blackrock Income TR. Inc. Blackrock Insd Mun Term Blackrock Insd Muni 2008 Blackrock Invt. Qlty Muni Blackrock Ltd. Duration Blackrock Mini Bond TR Blackrock Mun 2018 Fd. Blackrock N Y Insd 2008 Blackrock NY Mun. Inc. TST NY Blackrock NY Mun. Income Trust Blackrock Pfd. Opportunity Tr Blackrock Strat. Muni Tr Blackrock Strategic Bond Boeing Company BP Amoco PLC ADR Breakwater Resources Ltd common common common common common common common common common common common common common common common common common 92475102 09247F100 92474105 09247K109 09247D105 09249W101 09249H104 09248C106 09247L107 09249U105 09249R102 09249V103 09248T109 09249G106 97023105 55622104 106902307 $723,195 $1,097,643 $218,925 $1,088,320 $750,618 $957,685 $217,316 $483,730 $713,948 $143,100 $148,800 $2,627,602 $834,107 $562,030 $6,131,642 $1,975,987 $3,635,008 73,050 185,100 22,500 71,600 44,600 50,325 12,100 30,500 47,250 10,000 10,000 110,172 49,300 44,150 63,765 27,391 1,414,400 73,050 185,100 22,500 71,600 44,600 50,325 12,100 30,500 47,250 10,000 10,000 110,172 49,300 44,150 63,765 27,391 1,414,400
Blackrock Incm. Opportunity TR Blackrock Income TR. Inc. Blackrock Insd Mun Term Blackrock Insd Muni 2008 Blackrock Invt. Qlty Muni Blackrock Ltd. Duration Blackrock Mini Bond TR Blackrock Mun 2018 Fd. Blackrock N Y Insd 2008 Blackrock NY Mun. Inc. TST NY Blackrock NY Mun. Income Trust Blackrock Pfd. Opportunity Tr Blackrock Strat. Muni Tr Blackrock Strategic Bond Boeing Company BP Amoco PLC ADR Breakwater Resources Ltd 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 73,050 185,100 22,500 71,600 44,600 50,325 12,100 30,500 47,250 10,000 10,000 110,172 49,300 44,150 63,765 27,391 1,414,400 0 0 0 0 0 0 0 0 0 0 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 Canadian Nat. Res. Ltd. Capital Bank Corp. Capital One Financial Corp. Cardinal Financial Group Cardinal Health, Inc. Caterpillar, Inc. Celgene Corp. Chesapeake Energy Corp. Chevron Texaco Corporation Choicepoint, Inc. Cincinnati Financial Corp Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Coddle Creek Financial Inc. Colgate-Palmolive Co. Comarco, Inc. common common common common common common common common common common common common common common common common common 136385101 139793103 14040H105 14149F109 14149Y108 149123101 151020104 165167107 166764100 170388102 172062101 17275R102 172967101 191216100 191891209 194162103 200080109 $610,420 $2,438,436 $15,154,464 $838,100 $335,540 $1,764,099 $1,005,568 $1,596,790 $1,736,271 $1,273,500 $658,465 $14,919,189 $13,301,165 $1,551,619 $463,750 $5,697,721 $672,368 9,200 145,145 193,198 85,000 4,750 22,530 17,540 46,150 20,611 30,000 15,172 535,698 259,333 29,662 17,500 87,860 106,725 9,200 145,145 193,198 85,000 4,750 22,530 17,540 46,150 20,611 30,000 15,172 535,698 259,333 29,662 17,500 87,860 106,725
Canadian Nat. Res. Ltd. Capital Bank Corp. Capital One Financial Corp. Cardinal Financial Group Cardinal Health, Inc. Caterpillar, Inc. Celgene Corp. Chesapeake Energy Corp. Chevron Texaco Corporation Choicepoint, Inc. Cincinnati Financial Corp Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Coddle Creek Financial Inc. Colgate-Palmolive Co. Comarco, 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 9,200 145,145 193,198 85,000 4,750 22,530 17,540 46,150 20,611 30,000 15,172 535,698 259,333 29,662 17,500 87,860 106,725 0 0 0 0 0 0 0 0 0 0 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 Comcast Corp. Class A CommScope, Inc. Community Bancshares, Inc. SC Compass Minerals Intl. ConocoPhillips Cooperative Bankshares, Inc. Countrywide Financial CT Communications, Inc. CVS Corp. D. R. Horton Company Dell, Inc. Dentsply Intl. Inc. New Devon Energy Corp. Disney, Walt Company Dominion Resources Inc. - VA Duke Energy Corporation Dupont de nemours E.I. common common common common common common common common common common common common common common common common common 20030N101 203372107 20343F190 20451N101 20825C104 216844100 222372104 126426402 126650100 23331A109 24702R101 249030107 25179M103 254687106 25746U109 264399106 263534109 $4,687,463 $1,555,028 $1,206,067 $237,421 $1,220,825 $495,600 $545,250 $226,232 $1,273,016 $3,724,180 $3,096,048 $459,120 $9,072,245 $4,807,492 $256,772 $1,535,480 $244,439 166,695 26,650 81,491 6,850 15,552 30,000 15,000 7,415 34,925 186,863 108,443 12,000 115,880 140,817 2,975 83,906 4,808 166,695 26,650 81,491 6,850 15,552 30,000 15,000 7,415 34,925 186,863 108,443 12,000 115,880 140,817 2,975 83,906 4,808
Comcast Corp. Class A CommScope, Inc. Community Bancshares, Inc. SC Compass Minerals Intl. ConocoPhillips Cooperative Bankshares, Inc. Countrywide Financial CT Communications, Inc. CVS Corp. D. R. Horton Company Dell, Inc. Dentsply Intl. Inc. New Devon Energy Corp. Disney, Walt Company Dominion Resources Inc. - VA Duke Energy Corporation Dupont de nemours E.I. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 166,695 26,650 81,491 6,850 15,552 30,000 15,000 7,415 34,925 186,863 108,443 12,000 115,880 140,817 2,975 83,906 4,808 0 0 0 0 0 0 0 0 0 0 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 DWS Dreman Value Income Eaton Corp Ebay, Inc. EMC Corp. MASS Emerson Electric Enbridge Energy Partners LP Encana Corp. Encore Wire Corp. Equitable Resources, Inc. Exactech, Inc. Exelon Corporation Exxon Mobile Corporation Falconstor Software, Inc. Fedex Corporation Fidelity National Info. Services First Citizens Bancshares CL A First INDL RLTY TR, Inc. common common common common common common common common common common common common common common common common common 23339M105 278058102 278642103 268648102 291011104 29250R106 292505104 292562105 294549100 30064 109 30161N101 302290101 306137100 31428X106 31620M106 31946M103 32054K103 $636,870 $432,264 $218,824 $275,898 $1,654,895 $833,250 $384,493 $512,845 $381,612 $321,600 $479,160 $5,437,605 $11,977,299 $255,231 $1,308,148 $1,715,774 $1,102,722 35,500 4,648 6,800 15,243 35,361 15,000 6,257 17,420 7,700 20,000 6,600 64,826 1,135,289 2,300 24,100 8,826 28,450 35,500 4,648 6,800 15,243 35,361 15,000 6,257 17,420 7,700 20,000 6,600 64,826 1,135,289 2,300 24,100 8,826 28,450
DWS Dreman Value Income Eaton Corp Ebay, Inc. EMC Corp. MASS Emerson Electric Enbridge Energy Partners LP Encana Corp. Encore Wire Corp. Equitable Resources, Inc. Exactech, Inc. Exelon Corporation Exxon Mobile Corporation Falconstor Software, Inc. Fedex Corporation Fidelity National Info. Services First Citizens Bancshares CL A First INDL RLTY TR, 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 35,500 4,648 6,800 15,243 35,361 15,000 6,257 17,420 7,700 20,000 6,600 64,826 1,135,289 2,300 24,100 8,826 28,450 0 0 0 0 0 0 0 0 0 0 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 Fiserv, Inc. FNB Financial Services FNB United Corp. Forest Oil Corp. FX Energy, Inc. Genentech, Inc. New General Dynamics Corp. General Electric Company Given Imaging Glaxo Smith Kline PLC Goldcorp, Inc. Goldman Sachs Group, Inc. Google, Inc. CL A Harbor Intl. Fund Hertz Global Holdings, 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 337738108 302526108 302519103 346091705 302695101 368710406 369550108 369604103 M52020100 37733W105 380956409 38141G104 38259P508 411511306 42805T105 428236103 431284108 $255,600 $194,288 $279,233 $1,926,929 $10,114,209 $1,095,557 $305,058 $21,088,505 $4,847,917 $370,465 $205,250 $5,136,325 $4,057,198 $678,375 $265,700 $943,178 $2,919,713 4,500 13,750 17,463 45,597 1,105,378 14,480 3,900 550,901 154,294 7,074 8,664 23,697 7,762 9,617 10,000 21,138 77,859 4,500 13,750 17,463 45,597 1,105,378 14,480 3,900 550,901 154,294 7,074 8,664 23,697 7,762 9,617 10,000 21,138 77,859
Fiserv, Inc. FNB Financial Services FNB United Corp. Forest Oil Corp. FX Energy, Inc. Genentech, Inc. New General Dynamics Corp. General Electric Company Given Imaging Glaxo Smith Kline PLC Goldcorp, Inc. Goldman Sachs Group, Inc. Google, Inc. CL A Harbor Intl. Fund Hertz Global Holdings, 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 4,500 13,750 17,463 45,597 1,105,378 14,480 3,900 550,901 154,294 7,074 8,664 23,697 7,762 9,617 10,000 21,138 77,859 0 0 0 0 0 0 0 0 0 0 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 Home Depot, Inc. Hubbell Inc. Class B Hudson City Bancorp, Inc. Intel Corp International Business Machines Ishares DJ US Telecom Sctr Indx Fd. Ishares FTSE XINHUA Ishares Lehman Treasury Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI EMU Index Fund Ishares MSCI Hong Kong Ishares MSCI Japan Index Ishares MSCI Pac Ex-Japan Indx Fd Ishares NASDAQ Biotech Indx Fund Ishares S&P GLB ERG Sect Ishares S&P GLB Health Care common common common common common common common common common common common common common common common common common 437076102 443510201 443683107 458140100 459200101 464287713 464287184 464287176 464287465 464287234 464286608 464286871 464286848 464286665 464287556 464287341 464287325 $515,603 $658,502 $316,938 $8,321,842 $464,047 $377,552 $4,344,693 $306,838 $5,344,955 $8,818,707 $531,000 $238,280 $2,051,714 $649,435 $312,480 $1,138,104 $591,600 13,103 12,145 25,936 350,542 4,409 11,200 33,719 3,100 66,175 66,986 4,500 14,000 141,400 4,433 4,000 8,800 10,000 13,103 12,145 25,936 350,542 4,409 11,200 33,719 3,100 66,175 66,986 4,500 14,000 141,400 4,433 4,000 8,800 10,000
Home Depot, Inc. Hubbell Inc. Class B Hudson City Bancorp, Inc. Intel Corp International Business Machines Ishares DJ US Telecom Sctr Indx Fd. Ishares FTSE XINHUA Ishares Lehman Treasury Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI EMU Index Fund Ishares MSCI Hong Kong Ishares MSCI Japan Index Ishares MSCI Pac Ex-Japan Index Fd Ishares NASDAQ Biotech Indx Fund Ishares S&P GLB ERG Sect Ishares S&P GLB Health Care 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,103 12,145 25,936 350,542 4,409 11,200 33,719 3,100 66,175 66,986 4,500 14,000 141,400 4,433 4,000 8,800 10,000 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
11 Ishares T DJ US UTL S FD Ishares TR Russell Midcap Indx Fnd Johnson & Johnson Kellogg Company Kinetic Concepts, Inc. Kraft Foods, Inc. CL A L-3 Communications Holdings, Inc. Lab CP of America Holding New Lauder, Estee Co., Inc. CL A Lehman Brothers Holding, Inc. Level 3 Communications, Inc. Lilly, Eli & Co. Lincoln National Corp. Linn Energy Lowes Companies Inc. Magellan Midstream Holdings LP Marriott International, Inc. - CL A common common common common common common common common common common common common common common common common common 464287697 464287499 478160104 487836108 49460W208 50075N104 502424104 50540R409 518439104 524908100 52729N100 532457108 534187109 536020100 548661107 55907R108 571903202 $308,160 $262,994 $14,702,624 $5,267,561 $699,776 $654,628 $3,363,115 $242,606 $227,550 $1,093,415 $140,400 $265,430 $1,038,637 $924,771 $18,469,423 $210,000 $289,708 3,200 2,415 238,601 101,710 13,465 18,571 34,532 3,100 5,000 14,425 24,000 4,750 14,639 28,100 601,806 7,000 6,700 3,200 2,415 238,601 101,710 13,465 18,571 34,532 3,100 5,000 14,425 24,000 4,750 14,639 28,100 601,806 7,000 6,700
Ishares T DJ US UTL S FD Ishares TR Russell Midcap Indx Fnd Johnson & Johnson Kellogg Company Kinetic Concepts, Inc. Kraft Foods, Inc. CL A L-3 Communications Holdings, Inc. Lab CP of America Holding New Lauder, Estee Co., Inc. CL A Lehman Brothers Holding, Inc. Level 3 Communications, Inc. Lilly, Eli & Co. Lincoln National Corp. Linn Energy Lowes Companies Inc. Magellan Midstream Holdings LP Marriott International, Inc. - CL A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,200 2,415 238,601 101,710 13,465 18,571 34,532 3,100 5,000 14,425 24,000 4,750 14,639 28,100 601,806 7,000 6,700 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 McDonalds Corporation Medtronic, Inc. Merck & Co. Merrill Lynch & Co., Inc. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Motorola, Inc. Mylan Laboratories, Inc. Nabors Industries Ltd. Nokia Corp. NovaGold Resources, Inc. Nuveen CT Div Ad Muni Fd CT Nuveen Divid Ad Mun Fd. 2 Nuveen Multi. Strat. Income Nuveen Muni Advantage Fund Nuveen NC Div AD Muni Fund NC common common common common common common common common common common common common common common common common common 580135101 585055106 589331107 590188108 591520200 592688105 594918104 620076109 628530107 G6359F103 654902204 66987 E206 67069T103 67070F100 67073D102 67062H106 67072D103 $2,799,922 $7,931,105 $4,496,392 $479,916 $281,700 $869,141 $17,164,571 $5,800,998 $194,633 $233,660 $10,591,707 $21,074,810 $255,500 $197,625 $266,064 $298,600 $668,666 55,160 152,933 90,289 5,742 18,000 9,100 582,442 327,740 10,700 7,000 376,795 1,402,183 17,500 12,500 20,050 20,000 46,891 55,160 152,933 90,289 5,742 18,000 9,100 582,442 327,740 10,700 7,000 376,795 1,402,183 17,500 12,500 20,050 20,000 46,891
McDonalds Corporation Medtronic, Inc. Merck & Co. Merrill Lynch & Co., Inc. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Motorola, Inc. Mylan Laboratories, Inc. Nabors Industries Ltd. Nokia Corp. NovaGold Resources, Inc. Nuveen CT Div Ad Muni Fd CT Nuveen Divid Ad Mun Fd. 2 Nuveen Multi. Strat. Income Nuveen Muni Advantage Fund Nuveen NC Div AD Muni Fund NC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 55,160 152,933 90,289 5,742 18,000 9,100 582,442 327,740 10,700 7,000 376,795 1,402,183 17,500 12,500 20,050 20,000 46,891 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Nuveen NC Div AD Muni Fund NC Nuveen Perf Plus Muni Fund, Inc. Nuveen Quality Pfd Incm Fd. Nuveen Real Estate Inc. Fund Nuveen Slct Tax Free Inc Portfolio 3 Oil Service Holders Dep. RCPT Old Rep. Intl. Corp. Penn Virginia Group Holding LP Peoples United Financial, Inc. Pepsico, Inc. PetroChina Co. ADR Petrohawk Energy Corp. Pfizer, Inc. Pimco Corporate Opportunity Fund Pimco Strategic Global Pioneer Natural Res. Co. Polaris Industries, Inc. common common common common common common common common common common common common common common common common common 67071D104 67062P108 67071S101 67071B108 67063X100 678002106 680223104 70788P105 712704105 713448108 71646E 100 716495106 717081103 72201B101 72200X104 723787107 731068102 $535,436 $147,784 $473,632 $950,937 $147,400 $1,091,538 $726,475 $1,639,497 $354,600 $22,432,507 $4,313,504 $1,826,676 $8,749,312 $365,662 $1,040,762 $420,124 $649,920 36,800 10,400 36,100 39,540 11,000 6,247 34,171 52,700 20,000 345,914 29,012 115,175 342,171 24,200 100,850 8,625 12,000 36,800 10,400 36,100 39,540 11,000 6,247 34,171 52,700 20,000 345,914 29,012 115,175 342,171 24,200 100,850 8,625 12,000
Nuveen NC Div AD Muni Fund NC Nuveen Perf Plus Muni Fund, Inc. Nuveen Quality Pfd Incm Fd. Nuveen Real Estate Inc. Fund Nuveen Slct Tax Free Inc Portfolio 3 Oil Service Holders Dep. RCPT Old Rep. Intl. Corp. Penn Virginia Group Holding LP Peoples United Financial, Inc. Pepsico, Inc. PetroChina Co. ADR Petrohawk Energy Corp. Pfizer, Inc. Pimco Corporate Opportunity Fund Pimco Strategic Global Pioneer Natural Res. Co. Polaris Industries, 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 36,800 10,400 36,100 39,540 11,000 6,247 34,171 52,700 20,000 345,914 29,012 115,175 342,171 24,200 100,850 8,625 12,000 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
14 Praxair, Inc. Procter & Gamble Progress Energy, Inc. Provident Bankshares Corp Qualcomm, Inc. Regions Financial Corp. Republic Property Trust Republic Services, Inc. Saic, Inc. Sara Lee Corporation Schering-Plough Corp Security Bank Corp. Sempra Energy ServiceMaster Co. Sirius Satellite Radio Solar Enertech Corp. Sonoco Products common common common common common common common common common common common common common common common common common 74005P104 742718109 743263105 743859100 747525103 758940100 760737106 760759100 78390X101 803111103 806605101 814047106 816851109 81760N109 82966U103 834156101 835495102 $640,711 $14,651,568 $276,002 $882,077 $316,747 $556,874 $428,750 $366,148 $724,607 $250,873 $314,141 $1,094,485 $231,293 $5,204,905 $60,400 $15,500 $5,042,804 8,900 239,444 6,054 26,909 7,300 16,824 35,000 11,950 40,100 14,418 10,320 54,452 3,905 336,669 20,000 10,000 117,795 8,900 239,444 6,054 26,909 7,300 16,824 35,000 11,950 40,100 14,418 10,320 54,452 3,905 336,669 20,000 10,000 117,795
Praxair, Inc. Procter & Gamble Progress Energy, Inc. Provident Bankshares Corp Qualcomm, Inc. Regions Financial Corp. Republic Property Trust Republic Services, Inc. Saic, Inc. Sara Lee Corporation Schering-Plough Corp Security Bank Corp. Sempra Energy ServiceMaster Co. Sirius Satellite Radio Solar Enertech Corp. Sonoco Products 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,900 239,444 6,054 26,909 7,300 16,824 35,000 11,950 40,100 14,418 10,320 54,452 3,905 336,669 20,000 10,000 117,795 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Southern Community Financial Spectra Energy Corp. Starbucks Corp. Stericycle, Inc. Stryker Corporation Suntrust Banks, Inc. SVB Financial Group, Inc. Sysco Corporation T S B Financial Corp. Target Corporation TCF Financial Corp Teva Pharmaceutical Texas Instruments Thermogenesis Corp. Tidelands Bancshares, Inc. Toyota Motor CP ADR Tri Continental Corp common common common common common common common common common common common common common common common common common 842632101 847560109 855244109 858912108 863667101 867914103 78486Q101 871829107 872805106 87612E106 872275102 881624209 882508104 883623209 886374107 892331307 895436103 $1,281,365 $583,970 $805,568 $889,200 $271,287 $3,010,074 $257,584 $13,262,574 $425,209 $3,344,152 $561,226 $254,306 $492,953 $461,265 $244,015 $8,705,231 $243,775 144,787 22,495 30,700 20,000 4,300 35,107 4,850 402,018 25,615 52,581 20,188 6,165 13,100 167,125 18,500 69,155 9,369 144,787 22,495 30,700 20,000 4,300 35,107 4,850 402,018 25,615 52,581 20,188 6,165 13,100 167,125 18,500 69,155 9,369
Southern Community Financial Spectra Energy Corp. Starbucks Corp. Stericycle, Inc. Stryker Corporation Suntrust Banks, Inc. SVB Financial Group, Inc. Sysco Corporation T S B Financial Corp. Target Corporation TCF Financial Corp Teva Pharmaceutical Texas Instruments Thermogenesis Corp. Tidelands Bancshares, Inc. Toyota Motor CP ADR Tri Continental 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 0 144,787 22,495 30,700 20,000 4,300 35,107 4,850 402,018 25,615 52,581 20,188 6,165 13,100 167,125 18,500 69,155 9,369 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Triad Guaranty Inc. TriStone Community Bank U S G Corporation Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United Health Group, Inc. United Parcel Service CL B United Technologies Corp. Unumprovident Corp. US Bancorp Del Valero Energy Corp. Vanguard FTSE All World Vanguard Growth ETF Vanguard Intl. Equity Index Fd. Vanguard Intl. Equity Index Fd. Verizon Communications common common common common common common common common common common common common common common common common common 895925105 89676R106 903293405 903914109 904708104 907818108 91324P102 911312106 913017109 91529Y106 902973304 91913Y100 922042775 922908736 922042866 922042858 92343V104 $14,996,830 $1,024,462 $7,281,950 $1,502,528 $850,429 $293,633 $4,115,492 $660,650 $1,691,042 $261,100 $1,546,014 $738,600 $307,800 $900,958 $525,374 $1,259,802 $323,185 375,578 91,880 148,490 27,200 19,306 2,550 80,475 9,050 23,841 10,000 46,920 10,000 5,400 14,450 7,450 13,800 7,850 375,578 91,880 148,490 27,200 19,306 2,550 80,475 9,050 23,841 10,000 46,920 10,000 5,400 14,450 7,450 13,800 7,850
Triad Guaranty Inc. TriStone Community Bank U S G Corporation Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United Health Group, Inc. United Parcel Service CL B United Technologies Corp. Unumprovident Corp. US Bancorp Del Valero Energy Corp. Vanguard FTSE All World Vanguard Growth ETF Vanguard Intl. Equity Index Fd. Vanguard Intl. Equity Index Fd. Verizon Communications 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 375,578 91,880 148,490 27,200 19,306 2,550 80,475 9,050 23,841 10,000 46,920 10,000 5,400 14,450 7,450 13,800 7,850 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 VF Corporation Wachovia Corporation New Walgreen Company Wal-Mart Stores, Inc. Washington Mutual, Inc. Webzen, Inc. WellPoint, Inc. Wells Fargo & Co. Wyeth XTO Energy, Inc. Zimmer Holdings common common common common common common common common common common common 918204108 929903102 931422109 931142103 939322103 94846M102 94973V107 949746101 983024100 98385X106 98956P102 $2,462,861 $9,599,945 $8,133,011 $5,967,997 $208,936 $103,398 $6,376,581 $1,101,173 $1,651,277 $7,952,252 $3,539,064 26,893 187,316 186,794 124,049 4,900 23,080 79,877 31,310 28,798 132,317 41,690 26,893 187,316 186,794 124,049 4,900 23,080 79,877 31,310 28,798 132,317 41,690 Grand Total 06/30/07 $669,617,384
VF Corporation Wachovia Corporation New Walgreen Company Wal-Mart Stores, Inc. Washington Mutual, Inc. Webzen, Inc. WellPoint, Inc. Wells Fargo & Co. Wyeth XTO Energy, Inc. Zimmer Holdings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26,893 187,316 186,794 124,049 4,900 23,080 79,877 31,310 28,798 132,317 41,690 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0