13F-HR 1 dm03310913f-hrb.txt 1ST QTR 2009 13F-HR 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: March 31, 2009 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 4th day of May, 2009. 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: 220 FORM 13F INFORMATION TABLE VALUE TOTAL: $321,939,923 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 Blizzard, Inc. Agnico-Eagle Mines Ltd. Agrium, Inc. Akamai Technologies Alcoa, Inc. Alliance One International Altria Group, Inc. Ampco Pittsburgh Corp. Apache Corp. Apple, Inc. AT&T Corp. Atlas Energy Resources LLC Automatic Data Processing, Inc. common common common common common common common common common common common common common common common common 88579Y101 2824100 G1150G111 4930202 8474108 8916108 00971T101 13817101 18772103 02209S103 32037103 37411105 37833100 00206R102 49303100 53015103 $6,658,950 $1,421,174 $568,108 $2,405,852 $367,988 $239,793 $787,640 $75,602 $613,336 $687,322 $420,740 $3,480,343 $3,990,986 $1,838,094 $369,250 $993,375 133,929 29,794 20,666 230,005 6,465 6,700 40,600 10,300 159,723 42,904 31,730 54,304 37,966 72,940 35,000 28,253 133,929 29,794 20,666 230,005 6,465 6,700 40,600 10,300 159,723 42,904 31,730 54,304 37,966 72,940 35,000 28,253
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 Blizzard, Inc. Agnico-Eagle Mines Ltd. Agrium, Inc. Akamai Technologies Alcoa, Inc. Alliance One International Altria Group, Inc. Ampco Pittsburgh Corp. Apache Corp. Apple, Inc. AT&T Corp. Atlas Energy Resources LLC Automatic Data Processing, 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 0 133,929 29,794 20,666 230,005 6,465 6,700 40,600 10,300 159,723 42,904 31,730 54,304 37,966 72,940 35,000 28,253 0 0 0 0 0 0 0 0 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 Balchem Corp. BancInsurance Corp Bank of America Corp. Bank of Carolinas Barrick Gold Corp. Baxter International, Inc. BB&T Corporation Becton Dickinson & Co. Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A BHP Billiton Ltd. ADR Blackrock Broad Inv. 2009 Blackrock Core Bd. Trust Blackrock Floating Rate Income Blackrock Incm. Opportunity TR Blackrock Income TR. Inc. Blackrock Insd Mun Term common common common common common common common common common common common common common common common common common 57665200 05945K102 60505104 06425J102 67901108 71813109 54937107 75887109 84670207 84670108 88606108 09247Q106 09249 E101 09255X100 92475102 09247F100 92474105 $3,356,891 $590,414 $3,931,798 $459,941 $275,570 $228,441 $8,507,241 $400,549 $11,305,380 $1,994,100 $3,462,699 $193,627 $207,782 $112,000 $292,048 $517,386 $221,020 133,581 168,209 576,510 106,963 8,500 4,460 502,792 5,957 4,009 23 77,639 17,400 20,173 12,500 33,225 86,375 21,500 133,581 168,209 576,510 106,963 8,500 4,460 502,792 5,957 4,009 23 77,639 17,400 20,173 12,500 33,225 86,375 21,500
Balchem Corp. BancInsurance Corp Bank of America Corp. Bank of Carolinas Barrick Gold Corp. Baxter International, Inc. BB&T Corporation Becton Dickinson & Co. Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A BHP Billiton Ltd. ADR Blackrock Broad Inv. 2009 Blackrock Core Bd. Trust Blackrock Floating Rate Income Blackrock Incm. Opportunity TR Blackrock Income TR. Inc. Blackrock Insd Mun Term 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133,581 168,209 576,510 106,963 8,500 4,460 502,792 5,957 4,009 23 77,639 17,400 20,173 12,500 33,225 86,375 21,500 0 0 0 0 0 0 0 0 0 0 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 Invt. Qlty Muni Blackrock Ltd. Duration Blackrock Mun 2018 Fd. Blackrock NY Mun. Inc. TST NY Blackrock NY Mun. Income Trust Blackrock Strat. Muni Tr Blackrock Strategic Bond Boardwalk Pipeline Partners BP PLC Sponsored ADR Buckeye Partners LP Canadian Nat. Res. Ltd. Capital Bank Corp. Cardinal Financial Group Carmax, Inc. Cass Information Systems, Inc. Caterpillar, Inc. Celgene Corp. common common common common common common common common common common common common common common common common common 09247D105 09249W101 09248C106 09249U105 09249R102 09248T109 09249G106 96627104 55622104 118230101 136385101 139793103 14149F109 149123101 14808P109 149123101 151020104 $242,950 $376,689 $389,122 $110,600 $109,100 $291,716 $321,237 $672,000 $1,176,935 $977,084 $354,752 $636,927 $401,800 $181,002 $391,041 $3,428,986 $1,537,883 22,600 30,700 27,500 10,000 10,000 31,300 33,850 30,000 29,350 27,400 9,200 139,677 70,000 14,550 12,058 122,639 34,637 22,600 30,700 27,500 10,000 10,000 31,300 33,850 30,000 29,350 27,400 9,200 139,677 70,000 14,550 12,058 122,639 34,637
Blackrock Invt. Qlty Muni Blackrock Ltd. Duration Blackrock Mun 2018 Fd. Blackrock NY Mun. Inc. TST NY Blackrock NY Mun. Income Trust Blackrock Strat. Muni Tr Blackrock Strategic Bond Boardwalk Pipeline Partners BP PLC Sponsored ADR Buckeye Partners LP Canadian Nat. Res. Ltd. Capital Bank Corp. Cardinal Financial Group Carmax, Inc. Cass Information Systems, Inc. Caterpillar, Inc. Celgene 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 22,600 30,700 27,500 10,000 10,000 31,300 33,850 30,000 29,350 27,400 9,200 139,677 70,000 14,550 12,058 122,639 34,637 0 0 0 0 0 0 0 0 0 0 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 CF Inds. Holdings, Inc. Chesapeake Energy Corp. Chevron Corporation Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Colgate-Palmolive Co. CommScope, Inc. Compass Minerals Intl. Concepts Direct ConocoPhillips Cooperative Bankshares, Inc. CVS Caremark Corp. DCP Midstream Partners LP Dentsply Intl. Inc. New Devon Energy Corp. Disney, Walt Company common common common common common common common common common common common common common common common common common 125269100 165167107 166764100 17275R102 172967101 191216100 194162103 203372107 20451N101 206013104 20825C104 216844100 126650100 23311P100 249030107 25179M103 254687106 $304,436 $740,711 $1,420,243 $8,387,868 $110,910 $2,490,075 $4,659,184 $1,178,032 $473,508 $1,131 $706,374 $23,832 $1,631,284 $253,620 $322,200 $4,779,461 $941,523 4,280 43,418 21,122 500,171 43,838 56,657 78,996 103,700 8,400 18,850 18,038 30,000 59,341 18,000 12,000 106,947 51,846 4,280 43,418 21,122 500,171 43,838 56,657 78,996 103,700 8,400 18,850 18,038 30,000 59,341 18,000 12,000 106,947 51,846
CF Inds. Holdings, Inc. Chesapeake Energy Corp. Chevron Corporation Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Colgate-Palmolive Co. CommScope, Inc. Compass Minerals Intl. Concepts Direct ConocoPhillips Cooperative Bankshares, Inc. CVS Caremark Corp. DCP Midstream Partners LP Dentsply Intl. Inc. New Devon Energy Corp. Disney, Walt Company 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,280 43,418 21,122 500,171 43,838 56,657 78,996 103,700 8,400 18,850 18,038 30,000 59,341 18,000 12,000 106,947 51,846 0 0 0 0 0 0 0 0 0 0 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 Duke Energy Corporation El Paso Pipeline Partners LP EMC Corp. MASS Emerson Electric Encana Corp. Energy Transfer Equity LP Energy Transfer Partners LP Enterprise GP Holdings LP Enterprise Products Partners EQT Corp. Exactech, Inc. Exxon Mobile Corporation Falconstor Software, Inc. Fidelity National Info. Services First Citizens Bancshares CL A FMC Technologies, Inc. FNB United Corp. common common common common common common common common common common common common common common common common common 264399106 283702108 268648102 291011104 292505104 29273V100 29273R109 293716106 293792107 26884L109 30064 109 302290101 306137100 31620M106 31946M103 30249U101 302519103 $519,716 $653,600 $326,200 $1,084,925 $1,402,141 $359,210 $453,747 $294,060 $3,123,900 $335,200 $229,800 $5,896,915 $2,139,404 $438,620 $890,836 $410,006 $39,003 36,293 38,000 28,614 37,961 34,527 17,000 12,300 13,000 140,400 10,699 20,000 86,592 895,148 24,100 6,759 13,070 15,001 36,293 38,000 28,614 37,961 34,527 17,000 12,300 13,000 140,400 10,699 20,000 86,592 895,148 24,100 6,759 13,070 15,001
Duke Energy Corporation El Paso Pipeline Partners LP EMC Corp. MASS Emerson Electric Encana Corp. Energy Transfer Equity LP Energy Transfer Partners LP Enterprise GP Holdings LP Enterprise Products Partners EQT Corp. Exactech, Inc. Exxon Mobile Corporation Falconstor Software, Inc. Fidelity National Info. Services First Citizens Bancshares CL A FMC Technologies, Inc. FNB United 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 36,293 38,000 28,614 37,961 34,527 17,000 12,300 13,000 140,400 10,699 20,000 86,592 895,148 24,100 6,759 13,070 15,001 0 0 0 0 0 0 0 0 0 0 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 Forest Oil Corp. Foster Wheeler FPL Group, Inc. Freeport McMoran Copper & Gold FX Energy, Inc. Gamestop Corp. Genentech, Inc. New General Dynamics Corp. General Electric Company Gilead Sciences, Inc. Glaxo Smith Kline PLC GlaxoSmithKline PLC ORDF Goldman Sachs Group, Inc. Google, Inc. CL A Green Mountain Coffee Roaster Harold's Stores Hatteras Financial Corp. common common common common common common common common common common common common common common common common common 346091705 G36535139 302571104 35671D857 302695101 36467W109 368710406 369550108 369604103 375558103 37733W105 G3910J112 38141G104 38259P508 393122106 413353202 41902R103 $266,090 $294,894 $249,795 $486,207 $2,086,398 $1,232,292 $949,700 $390,863 $4,894,140 $529,901 $247,473 $182,247 $372,342 $3,864,162 $867,984 $64 $249,900 20,235 16,880 4,924 12,758 750,503 43,979 10,000 9,398 484,089 11,440 7,965 11,697 3,512 11,102 18,083 320,298 10,000 20,235 16,880 4,924 12,758 750,503 43,979 10,000 9,398 484,089 11,440 7,965 11,697 3,512 11,102 18,083 320,298 10,000
Forest Oil Corp. Foster Wheeler FPL Group, Inc. Freeport McMoran Copper & Gold FX Energy, Inc. Gamestop Corp. Genentech, Inc. New General Dynamics Corp. General Electric Company Gilead Sciences, Inc. Glaxo Smith Kline PLC GlaxoSmithKline PLC ORDF Goldman Sachs Group, Inc. Google, Inc. CL A Green Mountain Coffee Roaster Harold's Stores Hatteras 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 20,235 16,880 4,924 12,758 750,503 43,979 10,000 9,398 484,089 11,440 7,965 11,697 3,512 11,102 18,083 320,298 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
9 Hawkins, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT Hubbell Inc. Class B Intel Corp International Business Machines Ipath MSCI India ETN Ishares FTSE XINHUA Ishares Lehman Treasury Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI Japan Index Ishares Russell Midcap Val Indx Fd Ishares Russsell Mid-Cap Growth Ishares S&P 500 Index 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 420261109 428236103 431284108 443510201 458140100 459200101 06739F291 464287184 464287176 464287465 464287234 464286848 464287473 464287481 464287200 464287341 464287325 $1,382,636 $1,006,940 $1,616,567 $310,337 $5,218,182 $3,140,980 $302,854 $665,205 $5,152,193 $824,913 $3,102,317 $118,500 $238,901 $235,382 $2,118,370 $671,775 $334,404 89,607 31,408 75,470 11,511 347,184 32,418 9,982 23,316 50,143 21,945 125,043 15,000 9,975 7,820 26,606 25,350 8,400 89,607 31,408 75,470 11,511 347,184 32,418 9,982 23,316 50,143 21,945 125,043 15,000 9,975 7,820 26,606 25,350 8,400
Hawkins, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT Hubbell Inc. Class B Intel Corp International Business Machines Ipath MSCI India ETN Ishares FTSE XINHUA Ishares Lehman Treasury Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI Japan Index Ishares Russell Midcap Val Indx Fd Ishares Russsell Mid-Cap Growth Ishares S&P 500 Index 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 89,607 31,408 75,470 11,511 347,184 32,418 9,982 23,316 50,143 21,945 125,043 15,000 9,975 7,820 26,606 25,350 8,400 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
10 Ishares TR Brclays Bnd 1-3 Yrs TRS Ishares TR Comex Gold Ishares TR RUS 2000 I FD Ishares TR Russell Midcap Indx Fnd Johnson & Johnson Kellogg Company Kinder Morgan Energy Partners LP Kinross Gold Corp. Kraft Foods, Inc. CL A L-3 Communications Holdings, Inc. Lab CP of America Holding New Lee Enterprises, Inc. Lender Processing Services Lincoln National Corp. Lowes Companies Inc. Magellan Midstream Holdings LP Market Vectors ETF TR Global common common common common common common common common common common common common common common common common common 464287457 464285105 464287655 464287499 478160104 487836108 494550106 496902404 50075N104 502424104 50540R409 523768109 52602 E102 534187109 548661107 55907R108 570604605 $678,776 $328,116 $801,263 $1,276,256 $11,581,757 $3,496,187 $2,111,744 $191,209 $353,720 $1,739,409 $269,054 $137,295 $368,851 $87,351 $9,844,329 $1,058,750 $314,949 8,050 3,630 19,055 23,630 220,185 95,446 45,200 10,700 15,869 25,655 4,600 490,341 12,050 13,057 539,415 60,500 11,125 8,050 3,630 19,055 23,630 220,185 95,446 45,200 10,700 15,869 25,655 4,600 490,341 12,050 13,057 539,415 60,500 11,125
Ishares TR Brclays Bnd 1-3 Yrs TRS Ishares TR Comex Gold Ishares TR RUS 2000 I FD Ishares TR Russell Midcap Indx Fnd Johnson & Johnson Kellogg Company Kinder Morgan Energy Partners LP Kinross Gold Corp. Kraft Foods, Inc. CL A L-3 Communications Holdings, Inc. Lab CP of America Holding New Lee Enterprises, Inc. Lender Processing Services Lincoln National Corp. Lowes Companies Inc. Magellan Midstream Holdings LP Market Vectors ETF TR Global 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,050 3,630 19,055 23,630 220,185 95,446 45,200 10,700 15,869 25,655 4,600 490,341 12,050 13,057 539,415 60,500 11,125 0 0 0 0 0 0 0 0 0 0 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 Mastercard, Inc. McDermott Intl., Inc. McDonalds Corporation Media General, Inc. Medical Facilities Corp. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Midcap SPDR Trust Unit SER Monsanto Company Moore-Handley, Inc. Morgan, JP Chase & Co. Mosaic Company National Dentex Corp. Newbridge Bancorp common common common common common common common common common common common common common common common common common 57636Q104 580037109 580135101 584404107 58457V206 585055106 589331107 591520200 592688105 594918104 595635103 61166W101 615762101 46625H100 61945A107 63563H109 65080T102 $482,342 $473,604 $4,053,732 $164,715 $59,421 $3,122,435 $3,050,089 $64,440 $467,103 $9,806,883 $314,495 $216,060 $10,260 $494,361 $966,170 $943,209 $36,923 2,880 35,370 74,285 85,789 10,500 105,953 114,022 18,000 9,100 533,853 3,550 2,600 17,100 18,599 23,015 244,983 17,499 2,880 35,370 74,285 85,789 10,500 105,953 114,022 18,000 9,100 533,853 3,550 2,600 17,100 18,599 23,015 244,983 17,499
Mastercard, Inc. McDermott Intl., Inc. McDonalds Corporation Media General, Inc. Medical Facilities Corp. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Midcap SPDR Trust Unit SER Monsanto Company Moore-Handley, Inc. Morgan, JP Chase & Co. Mosaic Company National Dentex Corp. Newbridge Bancorp 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,880 35,370 74,285 85,789 10,500 105,953 114,022 18,000 9,100 533,853 3,550 2,600 17,100 18,599 23,015 244,983 17,499 0 0 0 0 0 0 0 0 0 0 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 Nokia Corp. NovaGold Resources, Inc. Nustar GP Holdings LLC Nuveen Divid Ad Mun Fd. 2 Nuveen Muni Advantage Fund Nuveen NC Div AD Muni Fund NC Nuveen NC Div AD Muni Fund NC Nuveen Quality Pfd Incm Fd Nuveen Real Estate Inc. Fund Nuveen Select Tax Fr Inc Portfolio 3 Oil Service Holders Dep. Old Rep. Intl. Corp. Path 1 Network Techs. Penn Virginia Group Holding LP Pepsico, Inc. Petroleo Brasileiro Pfizer, Inc. common common common common common common common common common common common common common common common common common 654902204 66987 E206 67059L102 67070F100 67062H106 67071D104 67072D103 67071S101 67071B108 67063X100 678002106 680223104 703186205 70788P105 713448108 71654V408 717081103 $2,610,136 $1,532,885 $267,930 $149,625 $235,800 $354,900 $437,321 $41,910 $51,158 $149,310 $254,466 $397,927 $35 $426,960 $16,258,092 $2,144,418 $2,396,398 223,662 555,393 13,000 12,500 20,000 27,300 34,708 11,000 14,250 11,000 3,429 36,777 29,000 36,000 315,814 70,378 175,947 223,662 555,393 13,000 12,500 20,000 27,300 34,708 11,000 14,250 11,000 3,429 36,777 29,000 36,000 315,814 70,378 175,947
Nokia Corp. NovaGold Resources, Inc. Nustar GP Holdings LLC Nuveen Divid Ad Mun Fd. 2 Nuveen Muni Advantage Fund Nuveen NC Div AD Muni Fund NC Nuveen NC Div AD Muni Fund NC Nuveen Quality Pfd Incm Fd Nuveen Real Estate Inc. Fund Nuveen Select Tax Fr Inc Portfolio 3 Oil Service Holders Dep. Old Rep. Intl. Corp. Path 1 Network Techs. Penn Virginia Group Holding LP Pepsico, Inc. Petroleo Brasileiro Pfizer, 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 0 223,662 555,393 13,000 12,500 20,000 27,300 34,708 11,000 14,250 11,000 3,429 36,777 29,000 36,000 315,814 70,378 175,947 0 0 0 0 0 0 0 0 0 0 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 Philip Morris International, Inc. Pimco Corporate Opportunity Fund Potash Corp. Sask, Inc. Powershares Exchange Global Water Powershares Exch Trd Fd Tr Cln Egy Praxair, Inc. Precision Drilling Corp. Procter & Gamble Progress Energy, Inc. Qualcomm, Inc. Range Resources, Inc. Regions Financial Corp. Research in Motion Ruddick Corp. S P D R Trust Unit Saic, Inc. Sara Lee Corporation common common common common common common common common common common common common common common common common common 718172109 72201B101 73755L107 73936T623 73935X500 74005P104 740215108 742718109 743263105 747525103 75281A109 758940100 760975102 781258108 78462F103 78390X101 803111103 $3,455,245 $96,000 $379,807 $568,560 $577,600 $461,879 $93,800 $10,372,797 $277,425 $2,580,317 $459,346 $64,897 $258,660 $644,158 $1,119,403 $601,902 $110,090 97,112 12,000 4,700 51,500 76,000 6,864 35,000 220,276 7,651 66,315 11,160 15,234 6,000 28,693 14,077 32,239 13,625 97,112 12,000 4,700 51,500 76,000 6,864 35,000 220,276 7,651 66,315 11,160 15,234 6,000 28,693 14,077 32,239 13,625
Philip Morris International, Inc. Pimco Corporate Opportunity Fund Potash Corp. Sask, Inc. Powershares Exchange Global Water Powershares Exch Trd Fd Tr Cln Egy Praxair, Inc. Precision Drilling Corp. Procter & Gamble Progress Energy, Inc. Qualcomm, Inc. Range Resources, Inc. Regions Financial Corp. Research in Motion Ruddick Corp. S P D R Trust Unit Saic, Inc. Sara Lee 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 97,112 12,000 4,700 51,500 76,000 6,864 35,000 220,276 7,651 66,315 11,160 15,234 6,000 28,693 14,077 32,239 13,625 0 0 0 0 0 0 0 0 0 0 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 SCBT Finanical Corp. Solar Enertech Corp. Sonoco Products Southern Community Financial Spectra Energy Corp. Stericycle, Inc. Suntrust Banks, Inc. Sysco Corporation Take Two Interactive Software Target Corporation Teekay LNG Partners LP Teekay Offshore Partners LP Teva Pharmaceutical Toyota Motor CP ADR Transocean, Inc. Triad Guaranty Inc. TriStone Community Bank common common common common common common common common common common common common common common common common common 78401V102 834156101 835495102 842632101 847560109 858912108 867914103 871829107 874054109 87612E106 Y8564M105 Y8565J101 881624209 892331307 H8817H100 895925105 89676R106 $763,728 $2,000 $2,293,995 $161,072 $205,652 $954,600 $285,951 $5,178,518 $160,905 $1,664,923 $1,007,400 $342,900 $5,495,379 $3,866,048 $503,376 $75,571 $155,200 36,542 10,000 109,342 45,245 14,544 20,000 24,357 227,128 19,270 48,413 60,000 30,000 121,984 61,075 8,555 472,025 38,800 36,542 10,000 109,342 45,245 14,544 20,000 24,357 227,128 19,270 48,413 60,000 30,000 121,984 61,075 8,555 472,025 38,800
SCBT Finanical Corp. Solar Enertech Corp. Sonoco Products Southern Community Financial Spectra Energy Corp. Stericycle, Inc. Suntrust Banks, Inc. Sysco Corporation Take Two Interactive Software Target Corporation Teekay LNG Partners LP Teekay Offshore Partners LP Teva Pharmaceutical Toyota Motor CP ADR Transocean, Inc. Triad Guaranty Inc. TriStone Community Bank 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36,542 10,000 109,342 45,245 14,544 20,000 24,357 227,128 19,270 48,413 60,000 30,000 121,984 61,075 8,555 472,025 38,800 0 0 0 0 0 0 0 0 0 0 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 U S G Corporation Ultra Financials ProShares Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United Health Group, Inc. United Technologies Corp. US Bancorp Del Vanguard Growth ETF Vanguard Intl. Equity Index Fd. VF Corporation Walgreen Company Wal-Mart Stores, Inc. Wells Fargo & Co. Wyeth XTO Energy, Inc. Zimmer Holdings, Inc. common common common common common common common common common common common common common common common common common 903293405 74347R743 903914109 904708104 907818108 91324P102 913017109 902973304 922908736 922042858 918204108 931422109 931142103 949746101 983024100 98385X106 98956P102 $591,381 $70,470 $364,284 $495,719 $359,918 $292,078 $4,494,032 $265,025 $209,216 $1,415,367 $1,344,541 $4,379,815 $5,092,515 $1,582,221 $839,883 $3,829,398 $798,584 77,711 27,000 10,150 17,806 8,755 13,955 104,561 18,140 5,600 60,075 23,543 168,714 97,745 111,111 19,514 125,062 21,879 77,711 27,000 10,150 17,806 8,755 13,955 104,561 18,140 5,600 60,075 23,543 168,714 97,745 111,111 19,514 125,062 21,879 Grand Total 03/31/09 $321,939,923
U S G Corporation Ultra Financials ProShares Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United Health Group, Inc. United Technologies Corp. US Bancorp Del Vanguard Growth ETF Vanguard Intl. Equity Index Fd. VF Corporation Walgreen Company Wal-Mart Stores, Inc. Wells Fargo & Co. Wyeth XTO Energy, Inc. Zimmer Holdings, 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 77,711 27,000 10,150 17,806 8,755 13,955 104,561 18,140 5,600 60,075 23,543 168,714 97,745 111,111 19,514 125,062 21,879 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0