13F-HR 1 dm06301113f-hrb.txt 2ND QTR 2011 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: June 30, 2011 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, 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: 277 FORM 13F INFORMATION TABLE VALUE TOTAL: $562,908,793 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. Akamai Technologies Alcoa, Inc. Alexco Resource Corp. Allergan, Inc. Alliance Holdings GP LP Alliance One International Altria Group, Inc. Amazon Com, Inc. American Electric Power Company American Express Company American Intl. Group, Inc. common common common common common common common common common common common common common common common common 88579Y101 002824100 G1151C101 00507V109 00508Y102 00971T101 13817101 01535P106 18490102 01861G100 18772103 02209S103 023135106 025537101 25816109 26874107 $15,060,188 $3,940,080 $7,741,071 $928,054 $256,588 $432,240 $942,877 $144,200 $317,016 $997,600 $274,544 $879,057 $315,528 $233,164 $275,820 $2,055,185 158,779 74,878 128,121 79,457 4,600 13,735 59,450 20,000 3,808 20,000 84,998 33,285 1,543 6,188 5,335 70,095 158,779 74,878 128,121 79,457 4,600 13,735 59,450 20,000 3,808 20,000 84,998 33,285 1,543 6,188 5,335 70,095
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. Akamai Technologies Alcoa, Inc. Alexco Resource Corp. Allergan, Inc. Alliance Holdings GP LP Alliance One International Altria Group, Inc. Amazon Com, Inc. American Electric Power Company American Express Company American Intl. 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 0 158,779 74,878 128,121 79,457 4,600 13,735 59,450 20,000 3,808 20,000 84,998 33,285 1,543 6,188 5,335 70,095 0 0 0 0 0 0 0 0 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 Amex Health Care SPDR Angeion Corp. Apache Corp. Apple Computer 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 common common common common common common common common common common common common common common common common common 81369Y209 03462H404 37411105 037833100 00206R102 53015103 057665200 60505104 06425J102 67901108 71813109 54937107 07556Q105 075887109 084670207 84670108 88606108 $236,061 $58,696 $7,482,493 $17,513,918 $1,960,409 $571,104 $7,568,205 $4,190,129 $10,433 $375,907 $284,602 $9,513,250 $344,085 $567,602 $14,626,710 $2,205,995 $4,775,503 6,644 12,650 60,641 52,176 62,414 10,841 172,869 382,311 13,023 8,300 4,768 354,443 101,500 6,587 189,000 19 50,465 6,644 12,650 60,641 52,176 62,414 10,841 172,869 382,311 13,023 8,300 4,768 354,443 101,500 6,587 189,000 19 50,465
Amex Health Care SPDR Angeion Corp. Apache Corp. Apple Computer 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,644 12,650 60,641 52,176 62,414 10,841 172,869 382,311 13,023 8,300 4,768 354,443 101,500 6,587 189,000 19 50,465 0 0 0 0 0 0 0 0 0 0 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 Bioclinica, Inc. Biodelivery Sci International, Inc. Blue Coat Systems Boardwalk Pipeline Partners BP PLC Sponsored ADR Breitburn Energy Partners LP Bristol Myers Squibb Co. Buckeye Partners LP Canadian Nat. Res. Ltd. Capital Bank Corp. Cass Information Systems, Inc. Caterpillar, Inc. Cenovus Energy CenturyLink, Inc. Chesapeake Energy Corp. Chevron Corporation Cisco Systems, Inc. common common common common common common common common common common common common common common common common common 09071B100 09060J106 09534T508 096627104 55622104 106776107 110122108 118230101 136385101 139793103 14808P109 149123101 15135U109 156700106 165167107 166764100 17275R102 $118,673 $71,060 $2,212,647 $1,829,520 $656,865 $973,000 $572,452 $897,384 $795,340 $168,071 $455,310 $11,724,866 $236,881 $250,140 $499,950 $1,976,585 $5,852,111 23,830 22,000 101,219 63,000 14,831 50,000 19,767 13,900 19,000 48,158 12,058 110,134 6,290 6,187 16,839 19,220 374,895 23,830 22,000 101,219 63,000 14,831 50,000 19,767 13,900 19,000 48,158 12,058 110,134 6,290 6,187 16,839 19,220 374,895
Bioclinica, Inc. Biodelivery Sci International, Inc. Blue Coat Systems Boardwalk Pipeline Partners BP PLC Sponsored ADR Breitburn Energy Partners LP Bristol Myers Squibb Co. Buckeye Partners LP Canadian Nat. Res. Ltd. Capital Bank Corp. Cass Information Systems, Inc. Caterpillar, Inc. Cenovus Energy CenturyLink, Inc. Chesapeake Energy Corp. Chevron Corporation Cisco Systems, 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 23,830 22,000 101,219 63,000 14,831 50,000 19,767 13,900 19,000 48,158 12,058 110,134 6,290 6,187 16,839 19,220 374,895 0 0 0 0 0 0 0 0 0 0 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 Citigroup, Inc. Coach, Inc. Coca-Cola Company Colgate-Palmolive Co. ConocoPhillips Credit Suisse ETN Crexus Investment Corp. CSX Corp. Curis, Inc. CVS Caremark Corp. Data I/O Corp. DCP Midstream Partners LP Deere & Co., Inc. Dentsply Intl. Inc. New Devon Energy Corp. Disney, Walt Company Duke Energy Corporation common common common common common common common common common common common common common common common common common 172967101 189754104 191216100 194162103 20825C104 22542D852 226553105 126408103 231269101 126650100 237690102 23311P100 244199105 249030107 25179M103 254687106 264399106 $1,068,191 $394,768 $4,868,364 $4,646,016 $3,229,032 $489,307 $277,750 $481,399 $35,800 $2,564,948 $202,300 $1,286,458 $244,877 $456,960 $9,668,647 $891,674 $1,114,435 25,653 6,175 72,349 53,152 42,945 20,070 25,000 18,360 10,000 68,253 35,000 31,400 2,970 12,000 122,683 22,840 59,184 25,653 6,175 72,349 53,152 42,945 20,070 25,000 18,360 10,000 68,253 35,000 31,400 2,970 12,000 122,683 22,840 59,184
Citigroup, Inc. Coach, Inc. Coca-Cola Company Colgate-Palmolive Co. ConocoPhillips Credit Suisse ETN Crexus Investment Corp. CSX Corp. Curis, Inc. CVS Caremark Corp. Data I/O Corp. DCP Midstream Partners LP Deere & Co., Inc. Dentsply Intl. Inc. New Devon Energy Corp. Disney, Walt Company Duke Energy 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 25,653 6,175 72,349 53,152 42,945 20,070 25,000 18,360 10,000 68,253 35,000 31,400 2,970 12,000 122,683 22,840 59,184 0 0 0 0 0 0 0 0 0 0 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 Dupont de nemours E.I. Easylink Services Intl. CL A Eaton Corp El Paso Pipeline Partners LP EMC Corp. MASS Emerson Electric Encana Corp. Encore Energy Partners LP Endeavour Silver Corp. Energy Transfer Equity LP Energy Transfer Partners LP Enterprise Products Partners EQT Corp. Exactech, Inc. Exterran Partners LP Exxon Mobile Corporation F5 Networks, Inc. common common common common common common common common common common common common common common common common common 263534109 277858106 278058102 283702108 268648102 291011104 292505104 29257A106 29258Y103 29273V100 29273R109 293792107 26884L109 30064 109 30225N105 302290101 315616102 $276,087 $176,940 $478,279 $2,502,000 $853,113 $1,094,906 $385,368 $1,535,040 $399,000 $584,480 $2,467,935 $2,329,019 $544,842 $360,200 $1,155,600 $9,127,337 $626,220 5,108 30,298 9,296 72,000 30,966 19,465 12,516 72,000 47,500 13,000 50,500 53,900 10,374 20,000 45,000 112,157 5,680 5,108 30,298 9,296 72,000 30,966 19,465 12,516 72,000 47,500 13,000 50,500 53,900 10,374 20,000 45,000 112,157 5,680
Dupont de nemours E.I. Easylink Services Intl. CL A Eaton Corp El Paso Pipeline Partners LP EMC Corp. MASS Emerson Electric Encana Corp. Encore Energy Partners LP Endeavour Silver Corp. Energy Transfer Equity LP Energy Transfer Partners LP Enterprise Products Partners EQT Corp. Exactech, Inc. Exterran Partners LP Exxon Mobile Corporation F5 Networks, 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 5,108 30,298 9,296 72,000 30,966 19,465 12,516 72,000 47,500 13,000 50,500 53,900 10,374 20,000 45,000 112,157 5,680 0 0 0 0 0 0 0 0 0 0 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 Fidelity National Info. Services Fidus Investment Corp. First Citizens Bancshares CL A FNB United Corp. Freeport McMoran Copper & Gold Gamestop Corp. General Dynamics Corp. General Electric Company Gerdau SA Spons ADR Gilead Sciences, Inc. Glaxo Smith Kline PLC Goldman Sachs Group, Inc. Google, Inc. CL A Green Mountain Coffee Roaster Hatteras Financial Corp. Hawkins, Inc. Hewlet-Packard Company common common common common common common common common common common common common common common common common common 31620M106 316500107 31946M103 302519103 35671D857 36467W109 369550108 369604103 373737105 375558103 37733W105 38141G104 38259P508 393122106 41902R103 420261109 428236103 $726,644 $370,250 $964,183 $7,440 $3,131,257 $659,282 $401,141 $9,773,573 $155,549 $943,113 $258,902 $4,036,886 $7,268,072 $2,944,330 $1,052,979 $547,646 $865,920 23,600 25,000 5,150 17,302 59,192 24,720 5,383 518,217 14,786 22,775 6,035 30,332 14,353 32,986 37,300 15,120 23,789 23,600 25,000 5,150 17,302 59,192 24,720 5,383 518,217 14,786 22,775 6,035 30,332 14,353 32,986 37,300 15,120 23,789
Fidelity National Info. Services Fidus Investment Corp. First Citizens Bancshares CL A FNB United Corp. Freeport McMoran Copper & Gold Gamestop Corp. General Dynamics Corp. General Electric Company Gerdau SA Spons ADR Gilead Sciences, Inc. Glaxo Smith Kline PLC Goldman Sachs Group, Inc. Google, Inc. CL A Green Mountain Coffee Roaster Hatteras Financial Corp. Hawkins, Inc. Hewlet-Packard 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 23,600 25,000 5,150 17,302 59,192 24,720 5,383 518,217 14,786 22,775 6,035 30,332 14,353 32,986 37,300 15,120 23,789 0 0 0 0 0 0 0 0 0 0 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 Highwood Properties, Inc. REIT Home Depot, Inc. Hubbell Inc. Class B Huntington Bancshares, Inc. IAMGOLD Corp. Inergy LP ING Emerging Markets Integramed America Intel Corp International Business Machines Ipath MSCI India ETN Ipath US Treasury 10-Year Iridium Communications Inc. Irobot Corp. Ishares Dow Jones Select Div. Fund Ishares FTSE XINHUA Ishares Gold Trust common common common common common common common common common common common common common common common common common 431284108 437076102 443510201 446150104 450913108 456615103 45685X104 45810N302 458140100 459200101 06739F291 06740L451 46269C102 462726100 464287168 464287184 464285105 $1,220,310 $291,788 $747,639 $593,483 $538,224 $884,000 $1,874,272 $106,150 $7,591,617 $7,105,773 $1,176,250 $465,400 $350,325 $462,652 $342,498 $2,622,269 $2,728,530 36,834 8,056 11,511 90,470 28,690 25,000 101,148 11,000 342,582 41,421 16,782 10,000 40,500 13,110 6,472 61,054 186,375 36,834 8,056 11,511 90,470 28,690 25,000 101,148 11,000 342,582 41,421 16,782 10,000 40,500 13,110 6,472 61,054 186,375
Highwood Properties, Inc. REIT Home Depot, Inc. Hubbell Inc. Class B Huntington Bancshares, Inc. IAMGOLD Corp. Inergy LP ING Emerging Markets Integramed America Intel Corp International Business Machines Ipath MSCI India ETN Ipath US Treasury 10-Year Iridium Communications Inc. Irobot Corp. Ishares Dow Jones Select Div. Fund Ishares FTSE XINHUA Ishares Gold Trust 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36,834 8,056 11,511 90,470 28,690 25,000 101,148 11,000 342,582 41,421 16,782 10,000 40,500 13,110 6,472 61,054 186,375 0 0 0 0 0 0 0 0 0 0 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 Lehman Treasury Ishares MSCI Brazil Free Index Fund Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI Hong Kong Ishares MSCI Japan Index Ishares MSCI Pac Ex-Japan Index Fd Ishares MSCI South Korea Index Ishares S&P GLB ERG Sect Ishares S&P GLB Materials Sector Ishares S&P Global Telecom 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 Midcp Indx Fund common common common common common common common common common common common common common common common common common 464287176 464286400 464287465 464287234 464286871 464286848 464286665 464286772 464287341 464288695 464287275 464287507 464287804 464288513 464287655 464287614 464287499 $4,467,975 $469,440 $2,220,609 $9,826,060 $618,994 $1,043,000 $522,091 $705,250 $676,350 $266,406 $217,518 $1,100,107 $271,284 $745,658 $1,698,808 $248,999 $3,452,957 40,383 6,400 36,924 206,430 33,423 100,000 10,966 10,850 16,200 3,630 3,590 11,260 3,700 8,166 20,517 4,090 31,580 40,383 6,400 36,924 206,430 33,423 100,000 10,966 10,850 16,200 3,630 3,590 11,260 3,700 8,166 20,517 4,090 31,580
Ishares Lehman Treasury Ishares MSCI Brazil Free Index Fund Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI Hong Kong Ishares MSCI Japan Index Ishares MSCI Pac Ex-Japan Index Fd Ishares MSCI South Korea Index Ishares S&P GLB ERG Sect Ishares S&P GLB Materials Sector Ishares S&P Global Telecom 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 Midcp Indx Fnd 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40,383 6,400 36,924 206,430 33,423 100,000 10,966 10,850 16,200 3,630 3,590 11,260 3,700 8,166 20,517 4,090 31,580 0 0 0 0 0 0 0 0 0 0 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 Isle of Capri Casinos Johnson & Johnson Kellogg Company Kinder Morgan Energy Partners LP Kinder Morgan Hold Co. LLC Kraft Foods, Inc. CL A Krispy Kreme Doughnuts, 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 464592104 478160104 487836108 494550106 49456B101 50075N104 501014104 50540R409 52602 E102 534187109 536020100 548661107 559080106 565849106 57060U613 $1,332,606 $4,723,250 $177,000 $12,610,474 $6,281,863 $3,281,520 $315,168 $415,080 $119,826 $416,197 $251,966 $279,772 $1,457,311 $9,146,686 $1,612,650 $298,538 $2,145,056 12,200 35,669 20,000 189,574 113,555 45,200 10,970 11,782 12,600 4,300 12,050 9,820 37,300 392,393 26,999 5,667 37,805 12,200 35,669 20,000 189,574 113,555 45,200 10,970 11,782 12,600 4,300 12,050 9,820 37,300 392,393 26,999 5,667 37,805
Ishares TR S&P Citigrp 1-3 Yr, Intl. Ishares TS and P500 I F Isle of Capri Casinos Johnson & Johnson Kellogg Company Kinder Morgan Energy Partners LP Kinder Morgan Hold Co. LLC Kraft Foods, Inc. CL A Krispy Kreme Doughnuts, 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 35,669 20,000 189,574 113,555 45,200 10,970 11,782 12,600 4,300 12,050 9,820 37,300 392,393 26,999 5,667 37,805 0 0 0 0 0 0 0 0 0 0 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 Marvel Tech Group McDonalds Corporation Medco Health Solutions, Inc. Mediware Information Sys. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Morgan, JP Chase & Co. Morgan, JP Exch Trded NT Alrn MLP Mosaic Company National Presto Industries, Inc. Natural Resource Partners LP common common common common common common common common common common common common common common common common common 57060U589 57060U605 57060U100 G5876H105 580135101 58405U102 584946107 585055106 58933Y105 591520200 592688105 594918104 46625H100 46625H365 61945A107 6706D8104 63900P103 $705,288 $2,605,050 $1,486,649 $154,294 $7,804,828 $1,781,850 $110,500 $2,969,507 $5,965,294 $208,980 $1,248,158 $12,411,542 $4,307,748 $1,310,875 $4,122,522 $2,253,382 $829,250 20,455 48,430 27,233 10,450 92,562 31,526 10,000 77,070 169,036 18,000 7,400 477,367 105,221 35,305 60,867 22,203 25,000 20,455 48,430 27,233 10,450 92,562 31,526 10,000 77,070 169,036 18,000 7,400 477,367 105,221 35,305 60,867 22,203 25,000
Market Vectors ETF Jr Gold Miners Market Vectors ETF TR Global Market Vectors ETF TR Gold Miners Marvel Tech Group McDonalds Corporation Medco Health Solutions, Inc. Mediware Information Sys. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Morgan, JP Chase & Co. Morgan, JP Exch. Trded NT Alrn MLP Mosaic Company National Presto Industries, Inc. Natural Resource Partners LP 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20,455 48,430 27,233 10,450 92,562 31,526 10,000 77,070 169,036 18,000 7,400 477,367 105,221 35,305 60,867 22,203 25,000 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
13 Netflix, Inc. Newbridge Bancorp Newfield Exploration Company Nextera Energy, Inc. Nokia Corp. Norfolk Southern Corp. NovaGold Resources, Inc. Novartis A G Spon ADR F Nuveen Energy MLP Total Return Occidental Pete. Corp. Oil Service Holders Dep. Old Dominion Freight Lines Old Rep. Intl. Corp. Oracle Corp. Patriot Coal Corp. Penn Virginia Resource Partners LP PennyMac Mortgage Investment Reit common common common common common common common common common common common common common common common common common 64110L106 65080T102 651290108 65339F101 654902204 655844108 66987E206 66987V109 67074U103 674599105 678002106 679580100 680223104 68389X105 70336T104 707884102 70931T103 $672,486 $108,761 $204,060 $285,576 $163,036 $322,649 $411,360 $544,490 $940,500 $624,136 $293,208 $277,587 $409,100 $2,667,718 $676,927 $2,587,318 $828,500 2,560 23,747 3,000 4,970 25,395 4,306 44,713 8,910 50,000 5,999 1,929 7,442 34,817 81,061 30,410 96,040 50,000 2,560 23,747 3,000 4,970 25,395 4,306 44,713 8,910 50,000 5,999 1,929 7,442 34,817 81,061 30,410 96,040 50,000
Netflix, Inc. Newbridge Bancorp Newfield Exploration Company Nextera Energy, Inc. Nokia Corp. Norfolk Southern Corp. NovaGold Resources, Inc. Novartis A G Spon ADR F Nuveen Energy MLP Total Return Occidental Pete. Corp. Oil Service Holders Dep. Old Dominion Freight Lines Old Rep. Intl. Corp. Oracle Corp. Patriot Coal Corp. Penn Virginia Resource Partners LP PennyMac Mortgage Investment 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 2,560 23,747 3,000 4,970 25,395 4,306 44,713 8,910 50,000 5,999 1,929 7,442 34,817 81,061 30,410 96,040 50,000 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 Pepsico, Inc. Perrigo Company 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 EAFE Proshares Short MSCI Emerging Prospect Capital Corporation Qualcomm, Inc. common common common common common common common common common common common common common common common common common 713448108 714290103 716495106 71654V408 717081103 718172109 720186105 72201B101 723787107 73935A104 74005P104 742718109 743263105 74347R370 74347R396 74348T102 747525103 $21,003,775 $656,389 $666,583 $1,439,964 $4,176,176 $8,182,263 $228,917 $248,160 $447,850 $295,291 $418,927 $13,081,244 $381,295 $464,000 $296,000 $758,250 $9,135,751 298,222 7,470 27,020 42,527 202,727 122,544 7,565 12,000 5,000 5,176 3,865 205,777 7,942 10,000 10,000 75,000 160,869 298,222 7,470 27,020 42,527 202,727 122,544 7,565 12,000 5,000 5,176 3,865 205,777 7,942 10,000 10,000 75,000 160,869
Pepsico, Inc. Perrigo Company 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 EAFE Proshares Short MSCI Emerging Prospect Capital Corporation Qualcomm, 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 0 298,222 7,470 27,020 42,527 202,727 122,544 7,565 12,000 5,000 5,176 3,865 205,777 7,942 10,000 10,000 75,000 160,869 0 0 0 0 0 0 0 0 0 0 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. Response Cap Corp. RLJ Lodging Trust 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 Sempra Energy Silver Wheaton Corporation Skyworks Solutions, Inc. SmartHeat, Inc. Sodastream International Solar Senior Capital Ltd. common common common common common common common common common common common common common common common common common 758940100 76120W302 74965L101 781258108 78355W106 78462F103 78390X101 803111103 78401V102 806857108 808524706 816851109 828336107 83088M102 83172F104 M9068E105 83416M105 $94,451 $474,000 $184,122 $1,122,853 $455,580 $2,087,501 $1,024,321 $228,146 $691,475 $388,195 $1,329,956 $206,496 $478,335 $822,339 $127,000 $682,896 $269,250 15,234 75,000 10,600 25,789 9,000 15,818 60,899 12,014 24,110 4,493 46,437 3,905 14,495 35,785 100,000 11,230 15,000 15,234 75,000 10,600 25,789 9,000 15,818 60,899 12,014 24,110 4,493 46,437 3,905 14,495 35,785 100,000 11,230 15,000
Regions Financial Corp. Response Cap Corp. RLJ Lodging Trust 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 Sempra Energy Silver Wheaton Corporation Skyworks Solutions, Inc. SmartHeat, Inc. Sodastream International Solar Senior Capital 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 15,234 75,000 10,600 25,789 9,000 15,818 60,899 12,014 24,110 4,493 46,437 3,905 14,495 35,785 100,000 11,230 15,000 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
16 Solutia, Inc. Sonoco Products Southern Community Financial Southern Copper Corp. SPDR DJ Wilshire Int'l Real Est ETF SPDR Gold Trust SPDR S&P China ETF SPDR S&P Midcap 400 ETF SPDR Ser TR S&P Dividends ETF Spectra Energy Corp. Spectra Energy Partners LP Starwood Property Trust Reit Stericycle, Inc. Stryker Corporation 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 834376501 835495102 842632101 84265V105 78463X863 78463V107 78463X400 78467Y107 78464A763 847560109 84756N109 85571B105 858912108 863667101 86764L108 867914103 78486Q101 $561,859 $3,957,841 $37,167 $663,152 $320,819 $2,766,719 $3,282,027 $424,993 $232,458 $1,852,368 $795,500 $1,025,500 $1,317,639 $538,011 $861,500 $255,884 $253,768 24,589 111,363 33,788 20,175 7,945 18,950 41,900 2,395 4,300 67,580 25,000 50,000 14,785 9,167 10,000 9,918 4,250 24,589 111,363 33,788 20,175 7,945 18,950 41,900 2,395 4,300 67,580 25,000 50,000 14,785 9,167 10,000 9,918 4,250
Solutia, Inc. Sonoco Products Southern Community Financial Southern Copper Corp. SPDR DJ Wilshire Int'l Real Est ETF SPDR Gold Trust SPDR S&P China ETF SPDR S&P Midcap 400 ETF SPDR Ser TR S&P Dividends ETF Spectra Energy Corp. Spectra Energy Partners LP Starwood Property Trust - Reit Stericycle, Inc. Stryker Corporation 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 24,589 111,363 33,788 20,175 7,945 18,950 41,900 2,395 4,300 67,580 25,000 50,000 14,785 9,167 10,000 9,918 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 Targa Resources Partners LP Target Corporation Teekay LNG Partners LP Teekay Tankers Ltd. Tellabs, Inc. Teva Pharmaceutical Tortoise MLP Fund, Inc. Toyota Motor CP ADR Travelcenters of America LLC Ultra Petroleum Corp. UltraShort Lehman 20+YR Proshares Unifirst Corporation - Mass Union Pacific Corp. United Technologies Corp. Vale SA ADR Vanguard S&P 500 ETF common common common common common common common common common common common common common common common common common 871829107 87611X105 87612E106 Y8564M105 Y8565N102 879664100 881624209 89148B101 892331307 894174101 903914109 74347R297 904708104 907818108 913017109 91912E105 922908413 $8,513,824 $1,958,000 $355,015 $924,750 $300,800 $117,901 $6,354,528 $235,690 $2,983,274 $54,500 $501,510 $345,100 $799,022 $584,327 $9,883,823 $5,510,928 $3,977,854 273,054 55,000 7,568 25,000 32,000 25,575 131,782 9,100 36,196 10,000 10,950 10,000 14,220 5,597 111,669 172,486 65,924 273,054 55,000 7,568 25,000 32,000 25,575 131,782 9,100 36,196 10,000 10,950 10,000 14,220 5,597 111,669 172,486 65,924
Sysco Corporation Targa Resources Partners LP Target Corporation Teekay LNG Partners LP Teekay Tankers Ltd. Tellabs, Inc. Teva Pharmaceutical Tortoise MLP Fund, Inc. Toyota Motor CP ADR Travelcenters of America LLC Ultra Petroleum Corp. UltraShort Lehman 20+YR Proshares Unifirst Corporation - Mass Union Pacific Corp. United Technologies Corp. Vale SA ADR Vanguard S&P 500 ETF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 273,054 55,000 7,568 25,000 32,000 25,575 131,782 9,100 36,196 10,000 10,950 10,000 14,220 5,597 111,669 172,486 65,924 0 0 0 0 0 0 0 0 0 0 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 Bond Index Vanguard Emerging Markets Vipers Vanguard Growth ETF Vanguard Index FDS Vangrd Ttl Stk Vanguard Large Cap Vanguard Mega Cap 300 Growth Vanguard Mid-Cap ETF Vanguard Reit Vanguard Small Cap Verifone Systems, Inc. Verizon Communications VF Corporation Visa, Inc. VMWare, Inc. Walgreen Company Wal-Mart Stores, Inc. Wells Fargo & Co. common common common common common common common common common common common common common common common common common 921937819 922042858 922908736 922908769 922908637 921910816 922908629 922908553 922908751 92342Y109 92343V104 918204108 92826C839 928563402 931422109 931142103 949746101 $1,357,723 $5,614,991 $349,326 $213,340 $473,814 $454,318 $1,016,911 $341,939 $1,039,280 $369,214 $287,043 $1,795,908 $1,580,802 $605,389 $6,062,736 $8,398,033 $1,748,447 16,173 115,487 5,400 3,119 7,820 9,180 12,645 5,689 13,316 8,325 7,710 16,543 18,761 6,040 142,787 158,036 62,311 16,173 115,487 5,400 3,119 7,820 9,180 12,645 5,689 13,316 8,325 7,710 16,543 18,761 6,040 142,787 158,036 62,311
Vanguard Bond Index Vanguard Emerging Markets Vipers Vanguard Growth ETF Vanguard Index FDS Vangrd Ttl Stk Vanguard Large Cap Vanguard Mega Cap 300 Growth Vanguard Mid-Cap ETF Vanguard Reit Vanguard Small Cap Verifone Systems, Inc. Verizon Communications VF Corporation Visa, Inc. VMWare, Inc. Walgreen Company Wal-Mart Stores, Inc. Wells Fargo & 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 16,173 115,487 5,400 3,119 7,820 9,180 12,645 5,689 13,316 8,325 7,710 16,543 18,761 6,040 142,787 158,036 62,311 0 0 0 0 0 0 0 0 0 0 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 Whiting Petroleum Corp. Williams Partners LP Wisdomtree TR Emrgng SCAP Fund Yum Brands, Inc. Zimmer Holdings, Inc. Zions Bancorporation common common common common common common 966387102 96950F104 97717W281 988498101 98956P102 989701107 $367,639 $828,954 $452,546 $502,684 $1,330,613 $516,935 6,460 15,300 8,615 9,100 21,054 21,530 6,460 15,300 8,615 9,100 21,054 21,530 Grand Total 03/31/11 $562,908,793
Whiting Petroleum Corp. Williams Partners LP Wisdomtree TR Emrgng SCAP Fund Yum Brands, Inc. Zimmer Holdings, Inc. Zions Bancorporation 0 0 0 0 0 0 0 0 0 0 0 0 6,460 15,300 8,615 9,100 21,054 21,530 0 0 0 0 0 0 0 0 0 0 0 0