SMITH, SALLEY & ASSOCIATES Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 196
New Positions 8
Increased Positions 93
Decreased Positions 96
Positions with Activity 189
Sold Out Positions 21
Total Mkt Value (in $ millions) 372

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

Sector Weighting

Basic Materials 3.99%
Capital Goods 7.07%
Conglomerates
Consumer Cyclical 1.65%
Consumer/Non-Cyclical 7.06%
Energy 5.66%
Financial 24.24%
Healthcare 12.39%
Services 15.78%
Technology 14.56%
Transportation 2.42%
Utilities 3.73%

196 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 16,183 -4,792 (22.85) 138,125
BERKSHIRE HATHAWAY INC DEL CL B NEW 11,476 344 3.09 79,743
ISHARES INTRM GOV/CR ETF 10,761 -735 (6.4) 95,483
UNITED TECHNOLOGIES CORP COM 8,406 -222 (2.57) 73,235
CISCO SYS INC COM 7,736 1,140 17.29 293,414
MICROSOFT CORP COM 7,495 875 13.23 185,531
GENERAL ELECTRIC CO COM 7,393 1,193 19.23 309,452
PROCTER & GAMBLE CO COM 7,093 1,578 28.61 84,151
EXXON MOBIL CORP COM 6,982 -281 (3.86) 79,864
JPMORGAN CHASE & CO COM 5,891 632 12.02 108,332
DISNEY WALT CO COM DISNEY 5,848 608 11.60 64,297
VERIZON COMMUNICATIONS INC COM 5,705 1,085 23.49 124,814
AMERICAN INTL GROUP INC COM NEW 5,574 897 19.18 114,062
GAMESTOP CORP NEW CL A 5,445 742 15.78 154,476
LABORATORY CORP AMER HLDGS COM NEW 5,353 -104 (1.9) 46,637
NATIONAL OILWELL VARCO INC COM 5,305 -168 (3.06) 97,461
TJX COS INC NEW COM 5,197 590 12.79 78,819
KINDER MORGAN INC DEL COM 5,032 802 18.96 122,593
MEDTRONIC PLC SHS 4,898 448 10.06 68,599
DARDEN RESTAURANTS INC COM 4,786 1,118 30.49 77,980