SMITH, SALLEY & ASSOCIATES Information

300 WENDOVER AVENUE, SUITE 301, GREENSBORO, North Carolina, 27401, (336) 379-7556

Report Date: 03/31/2015

Position Statistics

Total Positions 179
New Positions 12
Increased Positions 87
Decreased Positions 82
Positions with Activity 169
Sold Out Positions 16
Total Mkt Value (in $ millions) 410

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 4.93%
Capital Goods 5.02%
Conglomerates
Consumer Cyclical 1.9%
Consumer/Non-Cyclical 6.69%
Energy 7.49%
Financial 22.2%
Healthcare 12.72%
Services 16.14%
Technology 15.5%
Transportation 2.23%
Utilities 3.68%

179 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 13,347 -2,177 (14.03) 101,584
MICROSOFT CORP COM 11,749 2,138 22.25 247,763
BERKSHIRE HATHAWAY INC DEL CL B NEW 11,617 -128 (1.09) 79,966
GENERAL ELECTRIC CO COM 11,302 1,408 14.23 407,703
UNITED TECHNOLOGIES CORP COM 8,837 53 .61 74,186
DISNEY WALT CO COM DISNEY 8,737 1,060 13.81 79,151
AMERICAN INTL GROUP INC COM NEW 8,575 658 8.31 142,397
GAMESTOP CORP NEW CL A 8,266 933 12.72 202,754
VERIZON COMMUNICATIONS INC COM 8,053 630 8.48 161,375
KINDER MORGAN INC DEL COM 7,662 1,177 18.16 179,613
TJX COS INC NEW COM 7,501 1,035 16.01 110,516
EXXON MOBIL CORP COM 7,404 142 1.96 84,894
CISCO SYS INC COM 7,010 -3,029 (30.18) 238,191
MEDTRONIC PLC SHS 6,356 520 8.90 81,056
PNC FINL SVCS GROUP INC COM 6,199 432 7.49 65,280
JPMORGAN CHASE & CO COM 6,181 -1,708 (21.66) 92,731
PERRIGO CO PLC SHS 6,105 267 4.58 30,792
BANK AMER CORP COM 6,074 496 8.88 363,086
E M C CORP MASS COM 6,029 452 8.10 225,052
CABOT OIL & GAS CORP COM 5,956 1,058 21.60 170,232