13F-HR 1 dm12311013f-hrb.txt 13F-HR 12-31-10 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, 2010 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, 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 11th day of February, 2011. 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: 272 FORM 13F INFORMATION TABLE VALUE TOTAL: $544,585,260 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 PLC CL A Activision Blizzard, Inc. Acuity Brands, Inc. Alberto-Culver Co. Alcoa, Inc. Alcon, Inc. Allergan, Inc. Alliance One International Altria Group, Inc. Amazon Com, Inc. American Electric Power Company American Express Company Angeion Corp. Apache Corp. common common common common common common common common common common common common common common common common 88579Y101 002824100 G1151C101 00507V109 00508Y102 01307800 13817101 H01301102 18490102 18772103 02209S103 023135106 025537101 25816109 03462H404 37411105 $13,848,906 $3,570,349 $5,902,494 $763,219 $265,282 $370,400 $898,007 $220,590 $219,744 $360,392 $820,708 $216,000 $222,644 $242,927 $65,780 $6,635,865 160,474 74,522 121,726 61,352 4,600 10,000 58,350 1,350 3,200 84,998 33,335 1,200 6,188 5,660 12,650 55,656 160,474 74,522 121,726 61,352 4,600 10,000 58,350 1,350 3,200 84,998 33,335 1,200 6,188 5,660 12,650 55,656
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 PLC CL A Activision Blizzard, Inc. Acuity Brands, Inc. Alberto-Culver Co. Alcoa, Inc. Alcon, Inc. Allergan, Inc. Alliance One International Altria Group, Inc. Amazon Com, Inc. American Electric Power Company American Express Company Angeion Corp. Apache 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 0 160,474 74,522 121,726 61,352 4,600 10,000 58,350 1,350 3,200 84,998 33,335 1,200 6,188 5,660 12,650 55,656 0 0 0 0 0 0 0 0 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 Apple, Inc. AT&T Corp. Automatic Data Processing, Inc. Balchem Corp. Bank of America Corp. Bank of the Carolinas Barrick Gold Corp. Baxter International, Inc. BB&T Corporation Beazer Homes USA Inc. Becton Dickinson & Co. Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A BHP Billiton Ltd. ADR Bioclinica, Inc. Biodelivery Sci International, Inc. Blue Coat Systems common common common common common common common common common common common common common common common common common 037833100 00206R102 53015103 057665200 60505104 06425J102 67901108 71813109 54937107 07556Q105 075887109 084670207 84670108 88606108 09071B100 09060J106 09534T508 $14,062,003 $2,170,594 $668,931 $6,081,371 $5,433,355 $32,558 $441,394 $241,356 $9,755,220 $548,163 $582,089 $15,691,546 $2,409,000 $5,617,293 $106,282 $78,100 $611,439 43,595 73,880 14,454 179,869 407,298 13,023 8,300 4,768 371,062 101,700 6,887 195,875 20 60,453 23,830 22,000 20,470 43,595 73,880 14,454 179,869 407,298 13,023 8,300 4,768 371,062 101,700 6,887 195,875 20 60,453 23,830 22,000 20,470
Apple, Inc. AT&T Corp. Automatic Data Processing, Inc. Balchem Corp. Bank of America Corp. Bank of the Carolinas Barrick Gold Corp. Baxter International, Inc. BB&T Corporation Beazer Homes USA Inc. Becton Dickinson & Co. Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A BHP Billiton Ltd. ADR Bioclinica, Inc. Biodelivery Sci International, Inc. Blue Coat Systems 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43,595 73,880 14,454 179,869 407,298 13,023 8,300 4,768 371,062 101,700 6,887 195,875 20 60,453 23,830 22,000 20,470 0 0 0 0 0 0 0 0 0 0 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 Boardwalk Pipeline Partners BP PLC Sponsored ADR Bristol Myers Squibb Co. Buckeye Partners LP Camput Crest Communities, Inc. Canadian Nat. Res. Ltd. Capital Bank Corp. Cass Information Systems, Inc. Caterpillar, Inc. Cenovus Energy Chesapeake Energy Corp. Chevron Corporation Cirrus Logic, Inc. Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Colgate-Palmolive Co. common common common common common common common common common common common common common common common common common 096627104 55622104 110122108 118230101 13466Y105 136385101 139793103 14808P109 149123101 15135U109 165167107 166764100 172755100 17275R102 172967101 191216100 194162103 $1,961,190 $662,241 $378,982 $928,937 $350,500 $843,980 $120,476 $457,481 $10,607,370 $207,983 $400,387 $1,725,720 $199,750 $9,409,782 $1,411,337 $4,791,279 $6,237,033 63,000 14,993 14,312 13,900 25,000 19,000 48,384 12,058 113,254 6,257 15,453 18,912 12,500 465,140 298,380 72,849 77,604 63,000 14,993 14,312 13,900 25,000 19,000 48,384 12,058 113,254 6,257 15,453 18,912 12,500 465,140 298,380 72,849 77,604
Boardwalk Pipeline Partners BP PLC Sponsored ADR Bristol Myers Squibb Co. Buckeye Partners LP Camput Crest Communities, Inc. Canadian Nat. Res. Ltd. Capital Bank Corp. Cass Information Systems, Inc. Caterpillar, Inc. Cenovus Energy Chesapeake Energy Corp. Chevron Corporation Cirrus Logic, Inc. Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Colgate-Palmolive Co. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63,000 14,993 14,312 13,900 25,000 19,000 48,384 12,058 113,254 6,257 15,453 18,912 12,500 465,140 298,380 72,849 77,604 0 0 0 0 0 0 0 0 0 0 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 CommScope, Inc. Compass Minerals Intl. Concepts Direct ConocoPhillips Credit Suisse ETN Curis, Inc. CVS Caremark Corp. Data I/O Corp. DCP Midstream Partners LP Deere & Co., Inc. Dentsply Intl. Inc. New Devon Energy Corp. Diamond Offshore Drilling Disney, Walt Company Duke Energy Corporation Dupont de nemours E.I. Easylink Services Intl. CL A common common common common common common common common common common common common common common common common common 203372107 20451N101 206013104 20825C104 22542D852 231269101 126650100 237690102 23311P100 244199105 249030107 25179M103 25271C102 254687106 264399106 263534109 277858106 $4,009,272 $1,475,187 $1,885 $1,960,463 $466,307 $19,800 $2,351,078 $149,240 $1,174,360 $256,957 $410,040 $9,414,605 $214,584 $749,562 $865,228 $254,787 $82,400 128,420 16,525 18,850 28,788 19,470 10,000 67,618 26,000 31,400 3,094 12,000 119,916 3,209 19,983 48,581 5,108 20,000 128,420 16,525 18,850 28,788 19,470 10,000 67,618 26,000 31,400 3,094 12,000 119,916 3,209 19,983 48,581 5,108 20,000
CommScope, Inc. Compass Minerals Intl. Concepts Direct ConocoPhillips Credit Suisse ETN Curis, Inc. CVS Caremark Corp. Data I/O Corp. DCP Midstream Partners LP Deere & Co., Inc. Dentsply Intl. Inc. New Devon Energy Corp. Diamond Offshore Drilling Disney, Walt Company Duke Energy Corporation Dupont de nemours E.I. Easylink Services Intl. 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 0 128,420 16,525 18,850 28,788 19,470 10,000 67,618 26,000 31,400 3,094 12,000 119,916 3,209 19,983 48,581 5,108 20,000 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
7 Eaton Corp El Paso Pipeline Partners LP Ellington Financial LLC Emagin Corp. EMC Corp. MASS Emerson Electric Encore Energy Partners LP Energy Transfer Equity LP Energy Transfer Partners LP Enterprise Products Partners EQT Corp. Exactech, Inc. Exxon Mobile Corporation F5 Networks, Inc. Falconstor Software, Inc. Fidelity National Info. Services First Citizens Bancshares CL A common common common common common common common common common common common common common common common common common 278058102 283702108 288522303 29076N206 268648102 291011104 29257A106 29273V100 29273R109 293792107 26884L109 30064 109 302290101 315616102 306137100 31620M106 31946M103 $471,818 $3,612,600 $1,112,000 $278,400 $662,131 $1,381,513 $1,617,840 $507,910 $2,616,910 $4,835,082 $465,170 $376,400 $8,598,620 $481,592 $36,180 $646,404 $973,608 4,648 108,000 50,000 46,400 28,914 24,165 72,000 13,000 50,500 116,200 10,374 20,000 117,596 3,700 10,800 23,600 5,150 4,648 108,000 50,000 46,400 28,914 24,165 72,000 13,000 50,500 116,200 10,374 20,000 117,596 3,700 10,800 23,600 5,150
Eaton Corp El Paso Pipeline Partners LP Ellington Financial LLC Emagin Corp. EMC Corp. MASS Emerson Electric Encore Energy Partners LP Energy Transfer Equity LP Energy Transfer Partners LP Enterprise Products Partners EQT Corp. Exactech, Inc. Exxon Mobile Corporation F5 Networks, Inc. Falconstor Software, Inc. Fidelity National Info. Services First Citizens Bancshares 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 4,648 108,000 50,000 46,400 28,914 24,165 72,000 13,000 50,500 116,200 10,374 20,000 117,596 3,700 10,800 23,600 5,150 0 0 0 0 0 0 0 0 0 0 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 Fiserv, Inc. FNB United Corp. Ford Motor Company Forest Oil Corp. Freeport McMoran Copper & Gold Gain Capital Holdings, Inc. Gamestop Corp. General Dynamics Corp. General Electric Company Gilead Sciences, Inc. Glaxo Smith Kline PLC Gold Fields Ltd. Goldman Sachs Group, Inc. Google, Inc. CL A Green Mountain Coffee Roaster Harold's Stores Hawkins, Inc. common common common common common common common common common common common common common common common common common 337738108 302519103 345370860 346091705 35671D857 36268W100 36467W109 369550108 369604103 375558103 37733W105 38059T106 38141G104 38259P508 393122106 413353202 420261109 $234,240 $4,875 $586,542 $223,453 $2,788,850 $138,000 $852,852 $391,202 $9,202,211 $807,246 $236,693 $618,777 $4,495,758 $6,374,486 $1,246,544 $20 $826,728 4,000 15,001 34,934 5,885 23,223 15,000 37,275 5,513 503,128 22,275 6,035 34,130 26,735 10,732 37,935 22,455 18,620 4,000 15,001 34,934 5,885 23,223 15,000 37,275 5,513 503,128 22,275 6,035 34,130 26,735 10,732 37,935 22,455 18,620
Fiserv, Inc. FNB United Corp. Ford Motor Company Forest Oil Corp. Freeport McMoran Copper & Gold Gain Capital Holdings, Inc. Gamestop Corp. General Dynamics Corp. General Electric Company Gilead Sciences, Inc. Glaxo Smith Kline PLC Gold Fields Ltd. Goldman Sachs Group, Inc. Google, Inc. CL A Green Mountain Coffee Roaster Harold's Stores Hawkins, 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 4,000 15,001 34,934 5,885 23,223 15,000 37,275 5,513 503,128 22,275 6,035 34,130 26,735 10,732 37,935 22,455 18,620 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
9 Hewlet-Packard Company Highwood Properties, Inc. REIT Home Depot, Inc. Hubbell Inc. Class B Huntington Bancshares, Inc. IAMGOLD Corp. IMPAX Labs, Inc. Infinera Corp. Integramed America Intel Corp International Business Machines Ipath MSCI India ETN Ipath US Treasury 10-Year Iridium Communications Inc. Ishares FTSE XINHUA Ishares Gold Trust Ishares Lehman Treasury common common common common common common common common common common common common common common common common common 428236103 431284108 437076102 443510201 446150104 450913108 45256B101 45667G103 45810N302 458140100 459200101 06739F291 06740L451 46269C102 464287184 464285105 464287176 $1,798,596 $1,138,128 $224,419 $692,156 $621,529 $703,812 $593,245 $598,262 $95,260 $6,691,788 $6,187,108 $727,830 $521,700 $371,250 $2,512,750 $2,410,747 $4,589,276 42,722 35,734 6,401 11,511 90,470 39,540 29,500 57,915 11,000 318,202 42,158 9,372 10,000 45,000 58,314 173,435 42,683 42,722 35,734 6,401 11,511 90,470 39,540 29,500 57,915 11,000 318,202 42,158 9,372 10,000 45,000 58,314 173,435 42,683
Hewlet-Packard Company Highwood Properties, Inc. REIT Home Depot, Inc. Hubbell Inc. Class B Huntington Bancshares, Inc. IAMGOLD Corp. IMPAX Labs, Inc. Infinera Corp. Integramed America Intel Corp International Business Machines Ipath MSCI India ETN Ipath US Treasury 10-Year Iridium Communications Inc. Ishares FTSE XINHUA Ishares Gold Trust Ishares Lehman Treasury 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42,722 35,734 6,401 11,511 90,470 39,540 29,500 57,915 11,000 318,202 42,158 9,372 10,000 45,000 58,314 173,435 42,683 0 0 0 0 0 0 0 0 0 0 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 MSCI Brazil Free Index Fund Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI Hong Kong Ishares MSCI Pacific Ex-Jap Indx Fd Ishares MSCI South Korea Index Ishares Russell Midcap Val Indx Fd Ishares Rusl 1000 Val Rsl 1000 Val Ishares Russsell Mid-Cap Growth Ishares S&P GLB ERG Sect Ishares S&P GLB Health Care Ishares S&P Midcap 400 Index Ishares S&P Smallcap 600 Index Ishares TR Iboxx $ High Yield Corp. Ishares TR RUS 2000 I FD Ishares TR Russell 1000 Growth Ishares TR Russell Midcap Indx Fd common common common common common common common common common common common common common common common common common 464286400 464287465 464287234 464286871 464286665 464286772 464287473 464287598 464287481 464287341 464287325 464287507 464287804 464288513 464287655 464287614 464287499 $464,400 $4,026,204 $9,925,868 $699,094 $422,773 $862,779 $270,060 $204,341 $242,857 $872,991 $201,864 $1,269,660 $581,995 $799,878 $1,627,783 $304,337 $2,826,920 6,000 69,155 208,352 36,950 8,999 14,100 6,000 3,150 4,290 22,350 3,900 14,000 8,500 8,859 20,805 5,315 27,783 6,000 69,155 208,352 36,950 8,999 14,100 6,000 3,150 4,290 22,350 3,900 14,000 8,500 8,859 20,805 5,315 27,783
Ishares MSCI Brazil Free Index Fund Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI Hong Kong Ishares MSCI Pacific Ex-Jap Indx Fd Ishares MSCI South Korea Index Ishares Russell Midcap Val Indx Fd Ishares Rusl 1000 Val Rsl 1000 Val Ishares Russsell Mid-Cap Growth Ishares S&P GLB ERG Sect Ishares S&P GLB Health Care Ishares S&P Midcap 400 Index Ishares S&P Smallcap 600 Index Ishares TR Iboxx $ High Yield Corp. Ishares TR RUS 2000 I FD Ishares TR Russell 1000 Growth Ishares TR Russell Midcap Indx Fd 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,000 69,155 208,352 36,950 8,999 14,100 6,000 3,150 4,290 22,350 3,900 14,000 8,500 8,859 20,805 5,315 27,783 0 0 0 0 0 0 0 0 0 0 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 TR S&P Citigrp 1-3 Yr, Intl. Ishares TS and P500 I F Johnson & Johnson Kellogg Company Kimberly-Clark Corp Kinder Morgan Energy Partners LP Kraft Foods, Inc. CL A Krispy Kreme Doughnuts, Inc. L-3 Communications Holdings, Inc. Lab CP of America Holding New Lender Processing Services Lincoln National Corp. Linn Energy Lowes Companies Inc. Magellan Midstream Partners Marathon Oil Corp. Market Vectors ETF Brazil Small common common common common common common common common common common common common common common common common common 464288125 464287200 478160104 487836108 494368103 494550106 50075N104 501014104 502424104 50540R409 52602 E102 534187109 536020100 548661107 559080106 565849106 57060U613 $1,271,362 $4,174,835 $12,869,686 $5,811,065 $417,199 $3,133,596 $393,150 $87,948 $283,863 $378,056 $355,716 $273,094 $1,237,170 $10,529,963 $1,525,444 $201,295 $2,982,056 12,200 33,068 208,079 113,764 6,618 44,600 12,477 12,600 4,027 4,300 12,050 9,820 33,000 419,855 26,999 5,436 51,700 12,200 33,068 208,079 113,764 6,618 44,600 12,477 12,600 4,027 4,300 12,050 9,820 33,000 419,855 26,999 5,436 51,700
Ishares TR S&P Citigrp 1-3 Yr, Intl. Ishares TS and P500 I F Johnson & Johnson Kellogg Company Kimberly-Clark Corp Kinder Morgan Energy Partners LP Kraft Foods, Inc. CL A Krispy Kreme Doughnuts, Inc. L-3 Communications Holdings, Inc. Lab CP of America Holding New Lender Processing Services Lincoln National Corp. Linn Energy Lowes Companies Inc. Magellan Midstream Partners Marathon Oil Corp. Market Vectors ETF Brazil Small 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,200 33,068 208,079 113,764 6,618 44,600 12,477 12,600 4,027 4,300 12,050 9,820 33,000 419,855 26,999 5,436 51,700 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 Market Vectors ETF Jr Gold Miners Market Vectors ETF TR Global Market Vectors ETF TR Gold Miners McDonalds Corporation Medco Health Solutions, Inc. Medical Facilities Corp. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Morgan, JP Chase & Co. Morgan JP Exc Trd NT Alerian MLP Mosaic Company National Presto Industries, Inc. Netflix, Inc. Newbridge Bancorp common common common common common common common common common common common common common common common common common 57060U589 57060U605 57060U100 580135101 58405U102 58457V206 585055106 58933Y105 591520200 592688105 594918104 46625H100 46625H365 61945A107 6706D8104 64110L106 65080T102 $805,977 $740,726 $1,697,187 $7,329,045 $777,823 $113,505 $1,408,419 $5,765,088 $233,460 $1,149,196 $15,523,458 $4,233,516 $945,100 $3,320,133 $689,053 $1,205,302 $111,611 20,205 13,835 27,610 95,480 12,695 10,500 37,973 159,964 18,000 7,600 556,197 99,800 26,000 43,480 5,300 6,860 23,747 20,205 13,835 27,610 95,480 12,695 10,500 37,973 159,964 18,000 7,600 556,197 99,800 26,000 43,480 5,300 6,860 23,747
Market Vectors ETF Jr Gold Miners Market Vectors ETF TR Global Market Vectors ETF TR Gold Miners McDonalds Corporation Medco Health Solutions, Inc. Medical Facilities Corp. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Morgan, JP Chase & Co. Morgan JP Exc Trd NT Alerian MLP Mosaic Company National Presto Industries, Inc. Netflix, Inc. 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 20,205 13,835 27,610 95,480 12,695 10,500 37,973 159,964 18,000 7,600 556,197 99,800 26,000 43,480 5,300 6,860 23,747 0 0 0 0 0 0 0 0 0 0 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 Newfield Exploration Company Nextera Energy, Inc. Niska Gas Storage Partners Nisource, Inc. Nokia Corp. Norfolk Southern Corp. NovaGold Resources, Inc. Novartis A G Spon ADR F Occidental Pete. Corp. Oil Service Holders Dep. Old Dominion Freight Lines Old Rep. Intl. Corp. Path 1 Network Techs. Patriot Coal Corp. Penn Virginia Group Holding LP Pennymac Mortgage Investment Reit Pepsico, Inc. common common common common common common common common common common common common common common common common common 651290108 65339F101 654678101 65473P105 654902204 655844108 66987E206 66987V109 674599105 678002106 679580100 680223104 703186205 70336T104 70788P105 70931T103 713448108 $216,330 $243,313 $638,400 $176,200 $317,650 $288,407 $659,231 $292,746 $311,468 $456,301 $238,070 $474,556 $26 $589,042 $3,368,960 $907,500 $19,636,303 3,000 4,680 32,000 10,000 30,780 4,591 46,197 4,966 3,175 3,247 7,442 34,817 29,000 30,410 128,000 50,000 300,571 3,000 4,680 32,000 10,000 30,780 4,591 46,197 4,966 3,175 3,247 7,442 34,817 29,000 30,410 128,000 50,000 300,571
Newfield Exploration Company Nextera Energy, Inc. Niska Gas Storage Partners Nisource, Inc. Nokia Corp. Norfolk Southern Corp. NovaGold Resources, Inc. Novartis A G Spon ADR F Occidental Pete. Corp. Oil Service Holders Dep. Old Dominion Freight Lines Old Rep. Intl. Corp. Path 1 Network Techs. Patriot Coal Corp. Penn Virginia Group Holding LP Pennymac Mortgage Investment Reit Pepsico, 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 3,000 4,680 32,000 10,000 30,780 4,591 46,197 4,966 3,175 3,247 7,442 34,817 29,000 30,410 128,000 50,000 300,571 0 0 0 0 0 0 0 0 0 0 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 Perrigo Company Petrobank Energy & Resources Petrohawk Energy Corp. Petroleo Brasileiro Pfizer, Inc. Philip Morris International, Inc. Piedmont Natural Gas Pimco Corporate Opportunity Fund Pioneer Natural Res. Co. Powershares QQQ TR Unit Ser 1 Praxair, Inc. Procter & Gamble Progress Energy, Inc. Proshares Short MSCI Emerging QR Energy LP Qualcomm, Inc. Raytheon Company common common common common common common common common common common common common common common common common common 714290103 71645P106 716495106 71654V408 717081103 718172109 720186105 72201B101 723787107 73935A104 74005P104 742718109 743263105 74347R396 74734R108 747525103 755111507 $473,075 $633,500 $493,115 $1,659,208 $3,700,266 $6,932,176 $220,688 $203,640 $442,782 $281,885 $335,768 $12,995,561 $454,018 $306,600 $400,388 $6,969,578 $358,208 7,470 25,000 27,020 43,848 211,323 118,438 7,893 12,000 5,100 5,176 3,517 202,014 10,442 10,000 19,900 140,828 7,730 7,470 25,000 27,020 43,848 211,323 118,438 7,893 12,000 5,100 5,176 3,517 202,014 10,442 10,000 19,900 140,828 7,730
Perrigo Company Petrobank Energy & Resources Petrohawk Energy Corp. Petroleo Brasileiro Pfizer, Inc. Philip Morris International, Inc. Piedmont Natural Gas Pimco Corporate Opportunity Fund Pioneer Natural Res. Co. Powershares QQQ TR Unit Ser 1 Praxair, Inc. Procter & Gamble Progress Energy, Inc. Proshares Short MSCI Emerging QR Energy LP Qualcomm, Inc. Raytheon 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 7,470 25,000 27,020 43,848 211,323 118,438 7,893 12,000 5,100 5,176 3,517 202,014 10,442 10,000 19,900 140,828 7,730 0 0 0 0 0 0 0 0 0 0 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 Regions Financial Corp. Ruddick Corp. Rydex S&P Equal Wt. ETF S P D R Trust Unit Saic, Inc. Sara Lee Corporation SCBT Finanical Corp. Schlumberger Ltd. SCHW Emerging Market EQ ETF Sector SPDR TR Technology Sempra Energy Silver Wheaton Corporation SilverCorp Metals, Inc. Skyworks Solutions, Inc. SmartHeat, Inc. So. Community Cap TR II Sodastream International common common common common common common common common common common common common common common common common common 758940100 781258108 78355W106 78462F103 78390X101 803111103 78401V102 806857108 808524706 81369Y803 816851109 828336107 82835P103 83088M102 83172F104 842633208 M9068E105 $106,638 $988,896 $425,790 $2,170,571 $777,441 $221,712 $789,603 $317,718 $1,012,363 $377,850 $204,934 $889,136 $539,373 $842,581 $528,000 $597,599 $354,643 15,234 26,843 9,000 17,261 49,019 12,662 24,110 3,805 34,885 15,000 3,905 22,775 42,040 29,430 100,000 129,071 11,230 15,234 26,843 9,000 17,261 49,019 12,662 24,110 3,805 34,885 15,000 3,905 22,775 42,040 29,430 100,000 129,071 11,230
Regions Financial Corp. Ruddick Corp. Rydex S&P Equal Wt. ETF S P D R Trust Unit Saic, Inc. Sara Lee Corporation SCBT Finanical Corp. Schlumberger Ltd. SCHW Emerging Market EQ ETF Sector SPDR TR Technology Sempra Energy Silver Wheaton Corporation SilverCorp Metals, Inc. Skyworks Solutions, Inc. SmartHeat, Inc. So. Community Cap TR II Sodastream International 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15,234 26,843 9,000 17,261 49,019 12,662 24,110 3,805 34,885 15,000 3,905 22,775 42,040 29,430 100,000 129,071 11,230 0 0 0 0 0 0 0 0 0 0 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 Solar Enertech Corp. Sonoco Products Southern Community Financial SPDR Gold Trust SPDR S&P BRIC 40 ETF SPDR S&P China ETF SPDR S&P Midcap 400 ETF Spectra Energy Corp. Spectra Energy Partners LP Sprint Nextel Corp. Steel Dynamics, Inc. Stericycle, Inc. Stryker Corporation Suncor Energy, Inc. Sunoco Logistics Partners LP Suntrust Banks, Inc. SVB Financial Group, Inc. common common common common common common common common common common common common common common common common common 834156101 835495102 842632101 78463V107 78463X798 78463X400 78467Y107 847560109 84756N109 852061100 858119100 858912108 863667101 867224107 86764L108 867914103 78486Q101 $1,000 $3,712,791 $35,288 $2,658,153 $540,371 $3,317,202 $486,629 $1,527,639 $1,314,000 $190,680 $215,940 $971,040 $461,820 $213,514 $835,900 $327,620 $225,463 10,000 110,270 31,791 19,162 19,700 43,510 2,955 61,130 40,000 45,078 11,800 12,000 8,600 5,576 10,000 11,102 4,250 10,000 110,270 31,791 19,162 19,700 43,510 2,955 61,130 40,000 45,078 11,800 12,000 8,600 5,576 10,000 11,102 4,250
Solar Enertech Corp. Sonoco Products Southern Community Financial SPDR Gold Trust SPDR S&P BRIC 40 ETF SPDR S&P China ETF SPDR S&P Midcap 400 ETF Spectra Energy Corp. Spectra Energy Partners LP Sprint Nextel Corp. Steel Dynamics, Inc. Stericycle, Inc. Stryker Corporation Suncor Energy, Inc. Sunoco Logistics Partners LP Suntrust Banks, Inc. SVB Financial Group, 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 10,000 110,270 31,791 19,162 19,700 43,510 2,955 61,130 40,000 45,078 11,800 12,000 8,600 5,576 10,000 11,102 4,250 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
17 Sysco Corporation T J X Cos., Inc. Targa Resources Partners LP Target Corporation Teva Pharmaceutical Tortoise MLP Fund, Inc. Toyota Motor CP ADR Transocean, Inc. Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United States Steel Corp. United Technologies Corp. Vale SA ADR Vanguard S&P 500 ETF Vanguard Bond Index Vanguard Emerging Markets Vipers common common common common common common common common common common common common common common common common common 871829107 872540109 87611X105 87612E106 881624209 89148B101 892331307 H8817H100 903914109 904708104 907818108 912909108 913017109 91912E105 922908413 921937819 922042858 $8,176,140 $2,122,508 $3,552,216 $481,762 $7,123,356 $1,311,384 $2,971,899 $2,529,886 $523,082 $833,182 $1,270,832 $524,612 $8,686,909 $4,838,072 $2,954,492 $1,125,824 $5,177,425 278,100 47,815 104,600 8,012 136,646 54,100 37,796 36,396 10,950 15,135 13,715 8,980 110,352 139,950 51,320 13,648 107,527 278,100 47,815 104,600 8,012 136,646 54,100 37,796 36,396 10,950 15,135 13,715 8,980 110,352 139,950 51,320 13,648 107,527
Sysco Corporation T J X Cos., Inc. Targa Resources Partners LP Target Corporation Teva Pharmaceutical Tortoise MLP Fund, Inc. Toyota Motor CP ADR Transocean, Inc. Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United States Steel Corp. United Technologies Corp. Vale SA ADR Vanguard S&P 500 ETF Vanguard Bond Index Vanguard Emerging Markets Vipers 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 278,100 47,815 104,600 8,012 136,646 54,100 37,796 36,396 10,950 15,135 13,715 8,980 110,352 139,950 51,320 13,648 107,527 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Vanguard Growth ETF Vanguard Large Cap Vanguard Mega Cap 300 Growth Vanguard Mid-Cap ETF Vanguard Small Cap Verizon Communications VF Corporation Visa, Inc. VMWare, Inc. Walgreen Company Wal-Mart Stores, Inc. Wells Fargo & Co. Western Gas Partners Williams Partners LP Wisdomtree TR Emrgng SCAP Fund Yum Brands, Inc. Zimmer Holdings, Inc. common common common common common common common common common common common common common common common common common 922908736 922908637 921910816 922908629 922908751 92343V104 918204108 92826C839 928563402 931422109 931142103 949746101 958254104 96950F104 97717W281 988498101 98956P102 $331,668 $450,510 $249,560 $606,104 $576,682 $548,293 $1,684,216 $1,220,248 $747,733 $5,664,394 $7,605,910 $2,663,095 $1,212,000 $946,995 $458,618 $446,355 $1,130,179 5,400 7,820 5,275 8,140 7,940 15,324 19,543 17,338 8,410 145,390 141,033 85,934 40,000 20,300 8,415 9,100 21,054 5,400 7,820 5,275 8,140 7,940 15,324 19,543 17,338 8,410 145,390 141,033 85,934 40,000 20,300 8,415 9,100 21,054
Vanguard Growth ETF Vanguard Large Cap Vanguard Mega Cap 300 Growth Vanguard Mid-Cap ETF Vanguard Small Cap Verizon Communications VF Corporation Visa, Inc. VMWare, Inc. Walgreen Company Wal-Mart Stores, Inc. Wells Fargo & Co. Western Gas Partners Williams Partners LP Wisdomtree TR Emrgng SCAP Fund Yum Brands, 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 5,400 7,820 5,275 8,140 7,940 15,324 19,543 17,338 8,410 145,390 141,033 85,934 40,000 20,300 8,415 9,100 21,054 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Zions Bancorporation common 989701107 $521,672 21,530 21,530 Grand Total 12/31/10 $544,585,260
Zions Bancorporation 0 0 21,530 0 0