Smith Salley Wealth Management
Long book
$1.99B
Q1 2026
Positions
267
Top-10 weight
35%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsSmith Salley Wealth Management is an institutional manager, running a $1.99B US long book across 267 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL C, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
+5.3%
Q3 2024
+0.5%
Q4 2024
-2.9%
Q1 2025
+8.7%
Q2 2025
+8.5%
Q3 2025
+3.1%
Q4 2025
-3.2%
Q1 2026
+14.8%
Sector allocation
Technology 41%
Financials 12%
Industrials 10%
Consumer discretionary 10%
Healthcare 7%
Services media 6%
Other 4%
Utilities 3%
Long book by quarter
What does Smith Salley own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 776.1K | $135.4M | 6.8% | -0.2% |
| AAPL APPLE INC | Technology | 416.5K | $105.7M | 5.3% | +0.6% |
| MSFT MICROSOFT CORP | Technology | 241.1K | $89.3M | 4.5% | +1.6% |
| GOOG ALPHABET INC-CL C | Technology | 278.3K | $79.8M | 4.0% | +0.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 281.0K | $58.5M | 2.9% | +2.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 102.5K | $49.1M | 2.5% | +1.2% |
| JPM JPMORGAN CHASE & CO | Financials | 161.1K | $47.4M | 2.4% | +1.7% |
| META META PLATFORMS INC-CLASS A | Technology | 80.6K | $46.1M | 2.3% | +2.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 281.0K | $44.9M | 2.3% | +1.2% |
| RTX RTX CORP | Industrials | 214.0K | $41.3M | 2.1% | +2.7% |
| AVGO BROADCOM INC | Technology | 125.5K | $38.8M | 2.0% | +30.0% |
| V VISA INC-CLASS A SHARES | Services media | 120.7K | $36.5M | 1.8% | +2.0% |
| ADI ANALOG DEVICES INC | Technology | 110.5K | $35.1M | 1.8% | +1.1% |
| ABBV ABBVIE INC | Healthcare | 160.8K | $35.0M | 1.8% | +2.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 26.2K | $34.6M | 1.7% | -12.0% |
| NEE NEXTERA ENERGY INC | Utilities | 363.8K | $33.8M | 1.7% | +2.6% |
| LOW LOWE'S COS INC | Consumer discretionary | 134.9K | $31.9M | 1.6% | +1.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 59.4K | $29.2M | 1.5% | +1.1% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 287.6K | $28.5M | 1.4% | +1.1% |
| LIN LINDE PLC | Materials | 54.6K | $27.1M | 1.4% | +3.6% |
| BN BROOKFIELD CORP | Real estate | 657.5K | $26.6M | 1.3% | +1.0% |
| CVX CHEVRON CORP | Energy | 126.9K | $26.2M | 1.3% | +3.4% |
| MA MASTERCARD INC - A | Services media | 50.8K | $25.4M | 1.3% | +0.3% |
| ANET ARISTA NETWORKS INC | Technology | 198.0K | $24.3M | 1.2% | +1.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 163.7K | $23.6M | 1.2% | +3.8% |
| AME AMETEK INC | Technology | 109.0K | $23.4M | 1.2% | +1.0% |
| CW CURTISS-WRIGHT CORP | Industrials | 33.1K | $22.5M | 1.1% | +0.9% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 30.7K | $22.3M | 1.1% | +0.9% |
| GOOGL ALPHABET INC-CL A | Technology | 76.6K | $22.0M | 1.1% | +0.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 189.6K | $19.5M | 1.0% | +1.3% |
| PEP PEPSICO INC | Consumer staples | 125.2K | $19.4M | 1.0% | +3.8% |
| LLY ELI LILLY & CO | Healthcare | 21.0K | $19.3M | 1.0% | 0.0% |
| UNP UNION PACIFIC CORP | Industrials | 73.6K | $17.9M | 0.9% | +3.2% |
| MKL MARKEL GROUP INC | Financials | 9.2K | $17.6M | 0.9% | +0.8% |
| MU MICRON TECHNOLOGY INC | Technology | 50.4K | $17.0M | 0.9% | -2.7% |
| SPGI S&P GLOBAL INC | Services media | 39.1K | $16.6M | 0.8% | +1.4% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 79.7K | $16.6M | 0.8% | +2.2% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 82.1K | $16.2M | 0.8% | +0.7% |
| XOM EXXON MOBIL CORP | Energy | 86.1K | $14.6M | 0.7% | +5.3% |
| NOC NORTHROP GRUMMAN CORP | Technology | 21.4K | $14.6M | 0.7% | +1.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 57.8K | $14.1M | 0.7% | +4.1% |
| MDT MEDTRONIC PLC | Healthcare | 162.6K | $14.1M | 0.7% | +1.4% |
| AZN ASTRAZENECA PLC | Healthcare | 68.9K | $13.6M | 0.7% | New |
| CAT CATERPILLAR INC | Industrials | 17.4K | $12.3M | 0.6% | +9.5% |
| CMI CUMMINS INC | Industrials | 22.5K | $12.1M | 0.6% | +3.3% |
| APH AMPHENOL CORP-CL A | Technology | 95.3K | $12.0M | 0.6% | +6.2% |
| ROP ROPER TECHNOLOGIES INC | Technology | 34.0K | $12.0M | 0.6% | +1.0% |
| ELV ELEVANCE HEALTH INC | Financials | 39.5K | $11.6M | 0.6% | +3.7% |
| ACN ACCENTURE PLC-CL A | Services media | 56.3K | $11.2M | 0.6% | +3.0% |
| CL COLGATE-PALMOLIVE CO | Other | 125.4K | $10.7M | 0.5% | +7.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 267 | $1.99B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 264 | $2.02B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 264 | $1.94B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 256 | $1.73B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 245 | $1.53B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 245 | $1.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 235 | $1.53B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 226 | $1.39B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 223 | $1.29B | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P