Latest Smith, Salley & Associates Stock Portfolio

Smith, Salley & Associates Performance:

2024 Q3: 4.38%YTD: 13.1%2023: 19.02%

Performance for 2024 Q3 is 4.38%, and YTD is 13.1%, and 2023 is 19.02%.

About Smith, Salley & Associates and 13F Hedge Fund Stock Holdings

Smith Salley Wealth Management is a hedge fund based in GREENSBORO, NC. On 20-Jul-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.7 Billions. In it's latest 13F Holdings report, Smith Salley Wealth Management reported an equity portfolio of $1.5 Billions as of 30 Sep, 2024.

The top stock holdings of Smith Salley Wealth Management are MSFT, AAPL, NVDA. The fund has invested 6% of it's portfolio in MICROSOFT CORP and 6% of portfolio in APPLE INC.

The fund managers got completely rid off INTEL CORP (INTC), DOLLAR GEN CORP NEW (DG) and ISHARES TR (IJR) stocks. They significantly reduced their stock positions in INVESCO EXCH TRD SLF IDX FD (BSAE), CBRE GROUP INC (CBRE) and MARATHON PETE CORP (MPC). Smith Salley Wealth Management opened new stock positions in MARVELL TECHNOLOGY INC (MRVL), ISHARES TR (AAXJ) and COLGATE PALMOLIVE CO (CL). The fund showed a lot of confidence in some stocks as they added substantially to TRANSDIGM GROUP INC (TDG), SELECT SECTOR SPDR TR (XLB) and SCHWAB STRATEGIC TR (FNDA).

Smith, Salley & Associates Annual Return Estimates Vs S&P 500

Our best estimate is that Smith Salley Wealth Management made a return of 4.38% in the last quarter. In trailing 12 months, it's portfolio return was 23.46%.

New Buys

Ticker	$ Bought
marvell technology inc	12,054,100
ishares tr	8,413,860
colgate palmolive co	1,535,560
ishares tr	817,322
schwab strategic tr	657,106
invesco exchange traded fd t	342,839
ishares tr	313,536
vanguard intl equity index f	303,679

New stocks bought by Smith, Salley & Associates

Additions

Ticker	% Inc.
transdigm group inc	3,854
select sector spdr tr	728
schwab strategic tr	70.96
schwab strategic tr	64.61
danaher corporation	53.92
southern co	50.94
vanguard index fds	35.01
unitedhealth group inc	32.42

Additions to existing portfolio by Smith, Salley & Associates

Reductions

Ticker	% Reduced
invesco exch trd slf idx fd	-31.24
cbre group inc	-25.95
marathon pete corp	-24.91
ishares tr	-22.62
valero energy corp	-21.87
conocophillips	-20.08
diageo plc	-18.62
schwab strategic tr	-17.17

Smith, Salley & Associates reduced stake in above stock

Sold off

Ticker	$ Sold
intel corp	-9,717,340
ishares tr	-6,061,290
dollar gen corp new	-8,734,140
autodesk inc	-970,949
chipotle mexican grill inc	-216,143
blackrock inc	-1,725,420
nucor corp	-254,368
ginkgo bioworks holdings inc	-18,052

Smith, Salley & Associates got rid off the above stocks

Sector Distribution

Smith Salley Wealth Management has about 26.2% of it's holdings in Technology sector.

Sector	%
Technology	26.2
Others	15.6
Financial Services	11.6
Healthcare	10.5
Consumer Cyclical	9.4
Industrials	8.6
Communication Services	6.6
Consumer Defensive	5.3
Utilities	2.2
Energy	1.9
Basic Materials	1.7

Market Cap. Distribution

Smith Salley Wealth Management has about 83.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	48.4
LARGE-CAP	34.8
UNALLOCATED	15.6

Stocks belong to which Index?

About 80.5% of the stocks held by Smith Salley Wealth Management either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	80.5
Others	19.1

Top 5 Winners (%)		%
CBRE	cbre group inc	36.3 %
LOB	live oak bancshares inc	35.1 %
TSLA	tesla inc	31.9 %
PHM	pulte group inc	30.4 %
FBNC	first bancorp n c	30.3 %

Top 5 Winners ($)		$
AAPL	apple inc	8.2 M
LOW	lowes cos inc	6.0 M
META	meta platforms inc	5.3 M
ABBV	abbvie inc	4.3 M
NEE	nextera energy inc	3.9 M

Top 5 Losers (%)		%
MU	micron technology inc	-21.1 %
QCOM	qualcomm inc	-14.5 %
SNPS	synopsys inc	-14.4 %
AMAT	applied matls inc	-14.4 %
VLO	valero energy corp	-12.1 %

Top 5 Losers ($)		$
GOOG	alphabet inc	-3.6 M
MSFT	microsoft corp	-3.5 M
NXPI	nxp semiconductors n v	-2.8 M
MRK	merck & co inc	-1.7 M
AMZN	amazon com inc	-1.6 M

Smith, Salley & Associates Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Smith, Salley & Associates

Smith Salley Wealth Management has 235 stocks in it's portfolio. About 35.3% of the portfolio is in top 10 stocks. GOOG proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Smith Salley Wealth Management last quarter.

Last Reported on: 24 Oct, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	5.95	390,796	91,055,600	added	9.17

AAXJ	ishares tr	0.55	159,777	8,413,860	new

AAXJ	ishares tr	0.28	35,769	4,278,160	reduced	-22.62

AAXJ	ishares tr	0.27	77,865	4,182,920	added	4.52

AAXJ	ishares tr	0.26	42,295	4,052,290	added	4.25

AAXJ	ishares tr	0.01	1,840	203,559	unchanged	0.00

ABBV	abbvie inc	2.18	168,797	33,334,100	added	2.15

ABT	abbott labs	1.27	170,650	19,455,900	added	2.56

ACN	accenture plc ireland	1.21	52,358	18,507,400	added	10.95

ACWF	ishares tr	0.74	238,470	11,236,700	added	4.27

ACWF	ishares tr	0.10	25,814	1,517,090	unchanged	0.00

ADBE	adobe inc	0.22	6,529	3,380,690	added	5.61

ADI	analog devices inc	1.53	101,441	23,348,700	added	3.09

ADSK	autodesk inc	0.00	0.00	0.00	sold off	-100

AEP	american elec pwr co inc	0.18	26,762	2,745,820	added	2.97

AFL	aflac inc	0.04	5,345	597,556	added	2.41

ALL	allstate corp	0.03	2,375	450,419	unchanged	0.00

AMAT	applied matls inc	0.02	1,216	245,693	unchanged	0.00

AMD	advanced micro devices inc	0.03	2,705	443,836	added	12.01

AME	ametek inc	1.42	126,829	21,777,800	added	0.89