-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WPE+P2Zxf08WrYcyF6N6LanuxkGtGuoeEoRkHM23cAbag0tRLb03aLWe8gWo6tkh e+uBw2cP8CO8nyQ09H42ww== 0000884423-08-000009.txt : 20080814 0000884423-08-000009.hdr.sgml : 20080814 20080814133750 ACCESSION NUMBER: 0000884423-08-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080814 DATE AS OF CHANGE: 20080814 EFFECTIVENESS DATE: 20080814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALEM INVESTMENT COUNSELORS INC CENTRAL INDEX KEY: 0000884423 IRS NUMBER: 561225913 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03405 FILM NUMBER: 081017290 BUSINESS ADDRESS: STREET 1: POP BOX 25427 CITY: WINSTON SALEM STATE: NC ZIP: 27114-5427 BUSINESS PHONE: 3367687230 MAIL ADDRESS: STREET 1: PO BOX 25427 CITY: WINSTON-SALEM STATE: NC ZIP: 27114-5427 13F-HR 1 dm06300813f-hrb.txt 13F-HR 2ND QUARTER 2008 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, 2008 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 13th day of August, 2008. 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: 267 FORM 13F INFORMATION TABLE VALUE TOTAL: $535,502,683 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 ABB Limited ADR Abbott Labs Accenture Ltd Class A Ace Limitted Activision, Inc. Acuity Brands, Inc. Agrium, Inc. Airgas, Inc. Alcon, Inc. Alexco Resource Corp. Alliance One International Altria Group, Inc. American Intl. Group, Inc. Ampco Pittsburgh Corp. Anheuser Busch Company, Inc. common common common common common common common common common common common common common common common common 88579Y101 375204 2824100 G1150G111 H0023R105 4930202 00508Y102 8916108 9363102 H01301102 01535P106 18772103 02209S103 26874107 32037103 35229103 $9,547,191 $790,836 $1,341,306 $788,584 $317,318 $3,281,759 $221,168 $771,062 $274,433 $439,533 $1,019,900 $816,185 $990,622 $940,547 $1,927,318 $690,153 137,192 27,925 25,322 19,366 5,760 96,324 4,600 7,170 4,700 2,700 310,000 159,723 48,182 35,546 43,330 11,110 137,192 27,925 25,322 19,366 5,760 96,324 4,600 7,170 4,700 2,700 310,000 159,723 48,182 35,546 43,330 11,110
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 ABB Limited ADR Abbott Labs Accenture Ltd Class A Ace Limitted Activision, Inc. Acuity Brands, Inc. Agrium, Inc. Airgas, Inc. Alcon, Inc. Alexco Resource Corp. Alliance One International Altria Group, Inc. American Intl. Group, Inc. Ampco Pittsburgh Corp. Anheuser Busch Company, 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 0 137,192 27,925 25,322 19,366 5,760 96,324 4,600 7,170 4,700 2,700 310,000 159,723 48,182 35,546 43,330 11,110 0 0 0 0 0 0 0 0 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 Apache Corp. Apple, Inc. AT&T Corp. T Atlas Energy Resources LLC Atlas Pipeline Partners Automatic Data Processing, Inc. Balchem Corp. BancInsurance Corp Bank of America Corp. Bank of Carolinas Bankshares, Inc. Barrick Gold Corp. Baxter International, Inc. BB&T Corporation Becton Dickinson & Co. Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL CL A common common common common common common common common common common common common common common common common common 37411105 37833100 00206R102 49303100 49392103 53015103 57665200 05945K102 60505104 06425J102 216844100 67901108 71813109 54937107 75887109 84670207 84670108 $7,541,445 $4,703,892 $915,062 $1,335,250 $956,970 $2,425,759 $3,388,684 $810,101 $15,280,810 $790,050 $206,997 $377,650 $255,760 $6,324,732 $459,345 $17,119,204 $2,898,000 54,255 28,093 27,161 35,000 24,500 57,894 146,506 176,109 640,168 107,563 30,000 8,300 4,000 277,766 5,650 4,267 24 54,255 28,093 27,161 35,000 24,500 57,894 146,506 176,109 640,168 107,563 30,000 8,300 4,000 277,766 5,650 4,267 24
Apache Corp. Apple, Inc. AT&T Corp. T Atlas Energy Resources LLC Atlas Pipeline Partners Automatic Data Processing, Inc. Balchem Corp. BancInsurance Corp Bank of America Corp. Bank of Carolinas Bankshares, Inc. Barrick Gold Corp. Baxter International, Inc. BB&T Corporation Becton Dickinson & Co. Berkshire Hathaway, Inc. CL B Berkshire Hathaway, Inc. DEL 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 54,255 28,093 27,161 35,000 24,500 57,894 146,506 176,109 640,168 107,563 30,000 8,300 4,000 277,766 5,650 4,267 24 0 0 0 0 0 0 0 0 0 0 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 BHP Billiton Ltd. ADR BHP Billiton PLC SP 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 Blackrock Insd Muni 2008 Blackrock Invt. Qlty Muni Blackrock Ltd. Duration 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 common common common common common common common common common common common common common common common common common 88606108 05545E209 09247Q106 09249 E101 09255X100 92475102 09247F100 92474105 09247K109 09247D105 09249W101 09248C106 09247L107 09249U105 09249R102 09249V103 09248T109 $8,181,222 $894,894 $491,130 $429,625 $187,750 $512,888 $932,303 $226,125 $694,787 $362,292 $578,340 $415,525 $441,456 $131,850 $135,000 $970,497 $407,526 96,035 11,550 36,087 36,783 12,500 52,550 157,750 22,500 46,350 26,600 37,800 27,500 29,450 10,000 10,000 55,299 31,300 96,035 11,550 36,087 36,783 12,500 52,550 157,750 22,500 46,350 26,600 37,800 27,500 29,450 10,000 10,000 55,299 31,300
BHP Billiton Ltd. ADR BHP Billiton PLC SP 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 Blackrock Insd Muni 2008 Blackrock Invt. Qlty Muni Blackrock Ltd. Duration 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 96,035 11,550 36,087 36,783 12,500 52,550 157,750 22,500 46,350 26,600 37,800 27,500 29,450 10,000 10,000 55,299 31,300 0 0 0 0 0 0 0 0 0 0 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 Blackrock Strategic Bond Boardwalk Pipeline Partners Boeing Company BP PLC Sponsored ADR Breakwater Resources Ltd Buckeye Partners LP Canadian Nat. Res. Ltd. Capital Bank Corp. Cardinal Financial Group Cardinal Health, Inc. Carmax, Inc. Cass Information Systems, Inc. Caterpillar, Inc. Celgene Corp. CF Inds. Holdings, Inc. Chesapeake Energy Corp. Chevron Corporation common common common common common common common common common common common common common common common common common 09249G106 96627104 97023105 55622104 106902307 118230101 136385101 139793103 14149F109 14149Y108 149123101 14808P109 149123101 151020104 125269100 165167107 166764100 $490,204 $704,700 $2,482,573 $1,926,185 $263,800 $1,171,898 $922,300 $1,256,703 $438,200 $214,057 $1,199,467 $1,492,918 $8,828,208 $2,130,384 $868,668 $2,787,799 $2,133,872 42,850 30,000 37,775 27,687 659,500 27,400 9,200 142,161 70,000 4,150 84,529 46,610 119,591 33,355 5,685 42,265 21,526 42,850 30,000 37,775 27,687 659,500 27,400 9,200 142,161 70,000 4,150 84,529 46,610 119,591 33,355 5,685 42,265 21,526
Blackrock Strategic Bond Boardwalk Pipeline Partners Boeing Company BP PLC Sponsored ADR Breakwater Resources Ltd Buckeye Partners LP Canadian Nat. Res. Ltd. Capital Bank Corp. Cardinal Financial Group Cardinal Health, Inc. Carmax, Inc. Cass Information Systems, Inc. Caterpillar, Inc. Celgene Corp. CF Inds. Holdings, Inc. Chesapeake Energy Corp. Chevron 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 42,850 30,000 37,775 27,687 659,500 27,400 9,200 142,161 70,000 4,150 84,529 46,610 119,591 33,355 5,685 42,265 21,526 0 0 0 0 0 0 0 0 0 0 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 Choicepoint, Inc. Cincinnati Financial Corp Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Cognizant Corp. Colgate-Palmolive Co. CommScope, Inc. Community Bancshares, Inc. SC Concepts Direct ConocoPhillips CVS Caremark Corp. D. R. Horton Company 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 170388102 172062101 17275R102 172967101 191216100 192441103 194162103 203372107 20343F190 206013104 20825C104 126650100 23331A109 23311P100 249030107 25179M103 254687106 $723,000 $388,544 $12,639,275 $1,434,757 $2,957,766 $386,869 $5,681,333 $1,311,335 $1,580,925 $1,885 $1,805,903 $2,235,784 $907,320 $526,500 $441,600 $12,612,354 $4,046,609 15,000 15,297 543,391 85,606 56,902 11,900 82,219 24,850 81,491 18,850 19,132 56,502 83,624 18,000 12,000 104,963 129,699 15,000 15,297 543,391 85,606 56,902 11,900 82,219 24,850 81,491 18,850 19,132 56,502 83,624 18,000 12,000 104,963 129,699
Choicepoint, Inc. Cincinnati Financial Corp Cisco Systems, Inc. Citigroup, Inc. Coca-Cola Company Cognizant Corp. Colgate-Palmolive Co. CommScope, Inc. Community Bancshares, Inc. SC Concepts Direct ConocoPhillips CVS Caremark Corp. D. R. Horton Company 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 15,000 15,297 543,391 85,606 56,902 11,900 82,219 24,850 81,491 18,850 19,132 56,502 83,624 18,000 12,000 104,963 129,699 0 0 0 0 0 0 0 0 0 0 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 Dominion Resources Inc. - VA Duke Energy Corporation Dupont de nemours E.I. DWS Dreman Value Income Eaton Corp El Paso Pipeline Partners LP EMC Corp. MASS Emerson Electric Encana Corp. Energy South, Inc. Entergy Corp. Enterprise Products Partners Equitable Resources, Inc. Exactech, Inc. Express Scripts, Inc. Exxon Mobile Corporation Falconstor Software, Inc. common common common common common common common common common common common common common common common common common 25746U109 264399106 263534109 23339M105 278058102 283702108 268648102 291011104 292505104 292970100 29364G103 293792107 294549100 30064 109 302182100 302290101 306137100 $230,327 $592,293 $206,215 $395,005 $394,941 $992,160 $471,050 $2,104,641 $1,312,756 $978,992 $203,852 $1,772,400 $714,702 $514,200 $866,163 $6,197,919 $6,804,574 4,850 34,079 4,808 29,500 4,648 48,000 32,066 42,561 14,437 19,955 1,692 60,000 10,349 20,000 13,810 70,327 961,098 4,850 34,079 4,808 29,500 4,648 48,000 32,066 42,561 14,437 19,955 1,692 60,000 10,349 20,000 13,810 70,327 961,098
Dominion Resources Inc. - VA Duke Energy Corporation Dupont de nemours E.I. DWS Dreman Value Income Eaton Corp El Paso Pipeline Partners LP EMC Corp. MASS Emerson Electric Encana Corp. Energy South, Inc. Entergy Corp. Enterprise Products Partners Equitable Resources, Inc. Exactech, Inc. Express Scripts, Inc. Exxon Mobile Corporation Falconstor Software, 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 4,850 34,079 4,808 29,500 4,648 48,000 32,066 42,561 14,437 19,955 1,692 60,000 10,349 20,000 13,810 70,327 961,098 0 0 0 0 0 0 0 0 0 0 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 Fidelity National Info. Services First Citizens Bancshares CL A First Solar, Inc. Fiserv, Inc. FNB United Corp. Forest Oil Corp. Fortune Brands, Inc. FPL Group, Inc. FX Energy, Inc. Genentech, Inc. New General Dynamics Corp. General Electric Company Gerdau SA Spons ADR Gilead Sciences, Inc. Given Imaging Glaxo Smith Kline PLC Goldman Sachs Group, Inc. common common common common common common common common common common common common common common common common common 31620M106 31946M103 336433107 337738108 302519103 346091705 349631101 302571104 302695101 368710406 369550108 369604103 373737105 375558103 M52020100 37733W105 38141G104 $889,531 $1,179,946 $1,099,465 $213,239 $115,500 $3,389,527 $436,496 $322,916 $4,620,884 $2,159,355 $572,560 $13,507,462 $1,109,742 $776,777 $1,989,296 $268,592 $3,359,829 24,100 8,459 4,030 4,700 15,000 45,497 6,994 4,924 876,828 28,450 6,800 506,087 46,220 14,670 134,959 6,074 19,210 24,100 8,459 4,030 4,700 15,000 45,497 6,994 4,924 876,828 28,450 6,800 506,087 46,220 14,670 134,959 6,074 19,210
Fidelity National Info. Services First Citizens Bancshares CL A First Solar, Inc. Fiserv, Inc. FNB United Corp. Forest Oil Corp. Fortune Brands, Inc. FPL Group, Inc. FX Energy, Inc. Genentech, Inc. New General Dynamics Corp. General Electric Company Gerdau SA Spons ADR Gilead Sciences, Inc. Given Imaging Glaxo Smith Kline PLC Goldman Sachs 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 24,100 8,459 4,030 4,700 15,000 45,497 6,994 4,924 876,828 28,450 6,800 506,087 46,220 14,670 134,959 6,074 19,210 0 0 0 0 0 0 0 0 0 0 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 Google, Inc. CL A Green Mountain Coffee Roaster Harold's Stores Hawkins, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT Hubbell Inc. Class B Intel Corp International Business Machines Intuitive Surgical Ipath MSCI India ETN Ishares FTSE XINHUA Ishares Lehman Treasury Ishares MSCI Brazil Free Index Fund Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI EMU Index Fund common common common common common common common common common common common common common common common common common 38259P508 393122106 413353202 420261109 428236103 431284108 443510201 458140100 459200101 46120E602 06739F291 464287184 464287176 464286400 464287465 464287234 464286608 $6,403,899 $2,380,360 $14,322 $1,115,941 $927,879 $1,358,978 $484,221 $7,927,547 $1,665,939 $875,550 $798,456 $989,674 $334,335 $1,017,906 $4,580,289 $8,959,013 $440,955 12,165 63,358 358,048 74,595 20,988 43,252 12,145 369,066 14,055 3,250 15,200 7,564 3,100 11,400 66,700 66,011 4,500 12,165 63,358 358,048 74,595 20,988 43,252 12,145 369,066 14,055 3,250 15,200 7,564 3,100 11,400 66,700 66,011 4,500
Google, Inc. CL A Green Mountain Coffee Roaster Harold's Stores Hawkins, Inc. Hewlet-Packard Company Highwood Properties, Inc. REIT Hubbell Inc. Class B Intel Corp International Business Machines Intuitive Surgical Ipath MSCI India ETN Ishares FTSE XINHUA Ishares Lehman Treasury Ishares MSCI Brazil Free Index Fund Ishares MSCI Eafe Index Ishares MSCI Emerging Ishares MSCI EMU Index Fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,165 63,358 358,048 74,595 20,988 43,252 12,145 369,066 14,055 3,250 15,200 7,564 3,100 11,400 66,700 66,011 4,500 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
11 Ishares MSCI Hong Kong Ishares MSCI Japan Index Ishares MSCI Pac Ex-Japan Index Fd Ishares MSCI South Korea Index Ishares NASDAQ Biotech Indx Fund Ishares S&P GLB ERG Sect Ishares S&P GLB Health Care Ishares TR Russell Midcap Indx Fnd Johnson & Johnson Kellogg Company Kimberly-Clark Corp Kinross Gold Corp. Kraft Foods, Inc. CL A L-3 Communications Holdings, Inc. Lab CP of America Holding New Lauder, Estee Co., Inc. CL A Lee Enterprises, Inc. common common common common common common common common common common common common common common common common common 464286871 464286848 464286665 464286772 464287556 464287341 464287325 464287499 478160104 487836108 494368103 496902404 50075N104 502424104 50540R409 518439104 523768109 $379,456 $1,793,186 $535,242 $576,752 $307,360 $1,777,790 $433,104 $227,573 $15,425,997 $3,803,760 $801,052 $247,905 $473,209 $2,712,924 $320,298 $234,712 $1,792,452 22,400 143,800 3,933 11,300 4,000 11,650 8,400 2,375 239,757 79,212 13,400 10,500 16,633 29,855 4,600 5,053 449,236 22,400 143,800 3,933 11,300 4,000 11,650 8,400 2,375 239,757 79,212 13,400 10,500 16,633 29,855 4,600 5,053 449,236
Ishares MSCI Hong Kong Ishares MSCI Japan Index Ishares MSCI Pac Ex-Japan Index Fd Ishares MSCI South Korea Index Ishares NASDAQ Biotech Indx Fund Ishares S&P GLB ERG Sect Ishares S&P GLB Health Care Ishares TR Russell Midcap Indx Fnd Johnson & Johnson Kellogg Company Kimberly-Clark Corp Kinross Gold Corp. Kraft Foods, Inc. CL A L-3 Communications Holdings, Inc. Lab CP of America Holding New Lauder, Estee Co., Inc. CL A Lee Enterprises, 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 22,400 143,800 3,933 11,300 4,000 11,650 8,400 2,375 239,757 79,212 13,400 10,500 16,633 29,855 4,600 5,053 449,236 0 0 0 0 0 0 0 0 0 0 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 Lehman Brothers Holding, Inc. Level 3 Communications, Inc. Lilly, Eli & Co. Lincoln National Corp. Linn Energy Lowes Companies Inc. Magellan Midstream Holdings LP Mastercard, Inc. McDonalds Corporation Mechel OAO ADR Media General, Inc. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Monsanto Company common common common common common common common common common common common common common common common common common 524908100 52729N100 532457108 534187109 536020100 548661107 55907R108 57636Q104 580135101 583840103 584404107 585055106 589331107 591520200 592688105 594918104 61166W101 $321,913 $47,200 $219,260 $688,184 $648,585 $11,401,350 $1,338,750 $854,974 $3,372,244 $865,464 $1,620,193 $6,959,340 $3,166,940 $188,100 $863,226 $15,644,282 $328,744 16,250 16,000 4,750 15,185 26,100 549,463 59,500 3,220 59,983 17,470 135,581 134,480 84,026 18,000 9,100 568,676 2,600 16,250 16,000 4,750 15,185 26,100 549,463 59,500 3,220 59,983 17,470 135,581 134,480 84,026 18,000 9,100 568,676 2,600
Lehman Brothers Holding, Inc. Level 3 Communications, Inc. Lilly, Eli & Co. Lincoln National Corp. Linn Energy Lowes Companies Inc. Magellan Midstream Holdings LP Mastercard, Inc. McDonalds Corporation Mechel OAO ADR Media General, Inc. Medtronic, Inc. Merck & Co. Methode Electronics, Inc. Class A Mettler-Toledo International, Inc. Microsoft Corporation Monsanto 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 16,250 16,000 4,750 15,185 26,100 549,463 59,500 3,220 59,983 17,470 135,581 134,480 84,026 18,000 9,100 568,676 2,600 0 0 0 0 0 0 0 0 0 0 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 Moore-Handley, Inc. Morgan, JP Chase & Co. Mosaic Company Nabors Industries Ltd. National Dentex Corp. Nokia Corp. Norfolk Southern Corp. Norvartis A G Spon ADR F NovaGold Resources, Inc. Novo-Nordisk A-S ADR 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 Selct TF Income Portfolio 3 common common common common common common common common common common common common common common common common common 615762101 46625H100 61945A107 G6359F103 63563H109 654902204 655844108 66987V109 66987 E206 670100205 67070F100 67062H106 67071D104 67072D103 67071S101 67071B108 67063X100 $35,910 $391,580 $1,288,554 $539,069 $2,246,528 $7,176,050 $426,156 $242,176 $9,122,436 $372,900 $183,500 $261,600 $349,440 $469,058 $259,166 $471,306 $153,340 17,100 11,413 8,905 10,950 177,171 292,900 6,800 4,400 1,224,488 5,650 12,500 20,000 27,300 35,241 27,425 31,845 11,000 17,100 11,413 8,905 10,950 177,171 292,900 6,800 4,400 1,224,488 5,650 12,500 20,000 27,300 35,241 27,425 31,845 11,000
Moore-Handley, Inc. Morgan, JP Chase & Co. Mosaic Company Nabors Industries Ltd. National Dentex Corp. Nokia Corp. Norfolk Southern Corp. Norvartis A G Spon ADR F NovaGold Resources, Inc. Novo-Nordisk A-S ADR 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 Selct TF Income Portfolio 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17,100 11,413 8,905 10,950 177,171 292,900 6,800 4,400 1,224,488 5,650 12,500 20,000 27,300 35,241 27,425 31,845 11,000 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 Oil Service Holders Dep. Old Dominion Freight Lines Old Rep. Intl. Corp. Path 1 Network Techs. Penn Virginia Group Holding LP Pepsico, Inc. Petroleo Brasileiro Pfizer, Inc. Pharsight Corp. Philip Morris International, Inc. Pimco Corporate Opportunity Fund Pimco Strategic Global Pioneer Natural Res. Co. Pioneer Southwest Energy Potash Corp. Sask, Inc. Praxair, Inc. Procter & Gamble common common common common common common common common common common common common common common common common common 678002106 679580100 680223104 703186205 70788P105 713448108 71654V408 717081103 71721Q200 718172109 72201B101 72200X104 723787107 72388B106 73755L107 74005P104 742718109 $1,386,896 $214,253 $435,440 $87 $1,717,148 $21,716,860 $4,426,521 $865,691 $59,883 $5,103,617 $357,330 $731,336 $675,165 $290,550 $1,142,850 $664,392 $14,177,000 6,247 7,137 36,777 29,000 52,400 341,514 62,495 49,553 13,018 103,333 25,800 74,550 8,625 13,000 5,000 7,050 233,136 6,247 7,137 36,777 29,000 52,400 341,514 62,495 49,553 13,018 103,333 25,800 74,550 8,625 13,000 5,000 7,050 233,136
Oil Service Holders Dep. Old Dominion Freight Lines Old Rep. Intl. Corp. Path 1 Network Techs. Penn Virginia Group Holding LP Pepsico, Inc. Petroleo Brasileiro Pfizer, Inc. Pharsight Corp. Philip Morris International, Inc. Pimco Corporate Opportunity Fund Pimco Strategic Global Pioneer Natural Res. Co. Pioneer Southwest Energy Potash Corp. Sask, Inc. Praxair, Inc. Procter & Gamble 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,247 7,137 36,777 29,000 52,400 341,514 62,495 49,553 13,018 103,333 25,800 74,550 8,625 13,000 5,000 7,050 233,136 0 0 0 0 0 0 0 0 0 0 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 Progress Energy, Inc. Qualcomm, Inc. Range Resources, Inc. Regions Financial Corp. Republic Services, Inc. Research in Motion Royal Dutch Shell A ADRF Ruddick Corp. Saic, Inc. Sara Lee Corporation SCBT Finanical Corp. Schlumberger Ltd. Sempra Energy Sirius Satellite Radio Solar Enertech Corp. Sonoco Products Southern Community Financial common common common common common common common common common common common common common common common common common 743263105 747525103 75281A109 758940100 760759100 760975102 780259206 781258108 78390X101 803111103 78401V102 806857108 816851109 82966U103 834156101 835495102 842632101 $353,589 $752,515 $810,074 $147,110 $354,915 $245,490 $220,617 $991,319 $844,886 $176,621 $720,198 $273,947 $220,437 $38,400 $5,900 $3,366,153 $277,488 8,453 16,960 12,360 13,484 11,950 2,100 2,700 28,893 40,600 14,418 25,217 2,550 3,905 20,000 10,000 108,761 45,120 8,453 16,960 12,360 13,484 11,950 2,100 2,700 28,893 40,600 14,418 25,217 2,550 3,905 20,000 10,000 108,761 45,120
Progress Energy, Inc. Qualcomm, Inc. Range Resources, Inc. Regions Financial Corp. Republic Services, Inc. Research in Motion Royal Dutch Shell A ADRF Ruddick Corp. Saic, Inc. Sara Lee Corporation SCBT Finanical Corp. Schlumberger Ltd. Sempra Energy Sirius Satellite Radio Solar Enertech Corp. Sonoco Products Southern Community Financial 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,453 16,960 12,360 13,484 11,950 2,100 2,700 28,893 40,600 14,418 25,217 2,550 3,905 20,000 10,000 108,761 45,120 0 0 0 0 0 0 0 0 0 0 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 Spartan Motors Spectra Energy Corp. Starbucks Corp. Stericycle, Inc. Stryker Corporation Sunpower Corp. - CL A Suntrust Banks, Inc. SVB Financial Group, Inc. Syngenta AG ADR Sysco Corporation Target Corporation Teekay Offshore Partners LP Teva Pharmaceutical Texas Instruments Top Ships, Inc. Toyota Motor CP ADR Triad Guaranty Inc. common common common common common common common common common common common common common common common common common 846819100 847560109 855244109 858912108 863667101 867652109 867914103 78486Q101 87160A100 871829107 87612E106 Y8565J101 881624209 882508104 Y8897Y305 892331307 895925105 $120,715 $369,855 $258,136 $1,034,000 $411,864 $744,993 $1,236,804 $221,306 $890,919 $7,209,381 $2,582,612 $1,975,000 $5,184,789 $381,709 $178,947 $6,335,224 $300,425 16,160 12,869 16,400 20,000 6,550 10,350 34,147 4,600 13,770 262,064 55,552 100,000 113,205 13,555 19,883 67,396 288,870 16,160 12,869 16,400 20,000 6,550 10,350 34,147 4,600 13,770 262,064 55,552 100,000 113,205 13,555 19,883 67,396 288,870
Spartan Motors Spectra Energy Corp. Starbucks Corp. Stericycle, Inc. Stryker Corporation Sunpower Corp. - CL A Suntrust Banks, Inc. SVB Financial Group, Inc. Syngenta AG ADR Sysco Corporation Target Corporation Teekay Offshore Partners LP Teva Pharmaceutical Texas Instruments Top Ships, Inc. Toyota Motor CP ADR Triad Guaranty 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 16,160 12,869 16,400 20,000 6,550 10,350 34,147 4,600 13,770 262,064 55,552 100,000 113,205 13,555 19,883 67,396 288,870 0 0 0 0 0 0 0 0 0 0 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 TriStone Community Bank U S G Corporation Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United Health Group, Inc. United Technologies Corp. US Bancorp Del Valero Energy Corp. Vanguard FTSE All World Vanguard Growth ETF Vanguard Health Care Vipers Vanguard Information Tech. Vanguard Intl. Equity Index Fd. Vanguard Intl. Equity Index Fd. Vanguard Mega Cap 300 Growth Vaughan Furniture Company common common common common common common common common common common common common common common common common common 89676R106 903293405 903914109 904708104 907818108 91324P102 913017109 902973304 91913Y100 922042775 922908736 92204A504 92204A702 922042866 922042858 921910816 92238L104 $244,098 $2,339,785 $2,425,540 $795,216 $1,000,753 $477,330 $4,212,012 $1,496,159 $1,567,064 $684,345 $722,118 $310,577 $891,576 $374,820 $1,272,960 $519,944 $0 38,900 79,127 24,700 17,806 13,255 18,184 68,266 53,645 38,054 12,900 12,200 5,850 16,900 6,000 27,200 11,350 19,972 38,900 79,127 24,700 17,806 13,255 18,184 68,266 53,645 38,054 12,900 12,200 5,850 16,900 6,000 27,200 11,350 19,972
TriStone Community Bank U S G Corporation Ultra Petroleum Corp. Unifirst Corporation - Mass Union Pacific Corp. United Health Group, Inc. United Technologies Corp. US Bancorp Del Valero Energy Corp. Vanguard FTSE All World Vanguard Growth ETF Vanguard Health Care Vipers Vanguard Information Tech. Vanguard Intl. Equity Index Fd. Vanguard Intl. Equity Index Fd. Vanguard Mega Cap 300 Growth Vaughan Furniture 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 38,900 79,127 24,700 17,806 13,255 18,184 68,266 53,645 38,054 12,900 12,200 5,850 16,900 6,000 27,200 11,350 19,972 0 0 0 0 0 0 0 0 0 0 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 Verizon Communications VF Corporation Wachovia Corporation New Walgreen Company Wal-Mart Stores, Inc. Weatherford Intl., Inc. WellPoint, Inc. Wells Fargo & Co. Weyco Group, Inc. Williams Pipeline Partners LP Wyeth XTO Energy, Inc. Zimmer Holdings, Inc. common common common common common common common common common common common common common 92343V104 918204108 929903102 931422109 931142103 G95089101 94973V107 949746101 962149100 96950K103 983024100 98385X106 98956P102 $225,710 $1,896,449 $3,351,980 $4,633,748 $5,770,728 $1,729,451 $328,854 $767,363 $393,785 $172,600 $1,113,391 $9,735,819 $2,513,767 6,376 26,643 215,839 142,533 102,682 34,875 6,900 32,310 14,843 10,000 23,215 142,108 36,940 6,376 26,643 215,839 142,533 102,682 34,875 6,900 32,310 14,843 10,000 23,215 142,108 36,940 Grand Total 06/30/08 $535,502,683
Verizon Communications VF Corporation Wachovia Corporation New Walgreen Company Wal-Mart Stores, Inc. Weatherford Intl., Inc. WellPoint, Inc. Wells Fargo & Co. Weyco Group, Inc. Williams Pipeline Partners LP 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 6,376 26,643 215,839 142,533 102,682 34,875 6,900 32,310 14,843 10,000 23,215 142,108 36,940 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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