# Piedmont Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1656150. Source: https://holderbook.com/funds/1656150-piedmont-capital-management-llc/

- Reported value: $198.0M
- Positions: 58
- Weight of the ten largest: 74.7%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $29.7M | 108,485 | 15.0% | 1 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $26.1M | 164,700 | 13.2% | 23 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $17.5M | 25,511 | 8.8% | 1 |
| SPDR INDEX SHS FDS | [FEZ](https://holderbook.com/stocks/FEZ/) | $17.1M | 251,454 | 8.6% | 5 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $14.4M | 150,002 | 7.3% | 6 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $10.9M | 17,512 | 5.5% | 1 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $10.5M | 92,691 | 5.3% | 2 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $10.4M | 204,778 | 5.3% | 20 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $6.2M | 30,801 | 3.1% | 2 |
| EA SERIES TRUST | [FRDM](https://holderbook.com/stocks/FRDM/) | $5.3M | 75,263 | 2.7% | 2 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $5.0M | 245,326 | 2.5% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.9M | 10,618 | 2.0% | 23 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $3.3M | 113,754 | 1.7% | 23 |
| ISHARES TR | - | $3.1M | 46,086 | 1.6% | 8 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $2.9M | 55,100 | 1.5% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 20,334 | 1.2% | 23 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.8M | 7,600 | 0.9% | 23 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.4M | 17,484 | 0.7% | 23 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $1.4M | 20,351 | 0.7% | 13 |
| INVESCO QQQ TR | - | $1.4M | 1,875 | 0.7% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.4M | 5,358 | 0.7% | 13 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.3M | 4,601 | 0.7% | 23 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $1.3M | 15,681 | 0.6% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2M | 9,878 | 0.6% | 23 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $1.2M | 15,624 | 0.6% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.1M | 27,505 | 0.6% | 23 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1M | 1,509 | 0.6% | 14 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.1M | 15,154 | 0.6% | 23 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $965.5K | 9,934 | 0.5% | 23 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $965.2K | 2,678 | 0.5% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $947.0K | 5,700 | 0.5% | 23 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $789.0K | 1,846 | 0.4% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $786.6K | 2,357 | 0.4% | 23 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $786.2K | 5,765 | 0.4% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $729.0K | 2,473 | 0.4% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $724.2K | 732 | 0.4% | 12 |
| STANTEC INC | [STN](https://holderbook.com/stocks/STN/) | $703.9K | 10,458 | 0.4% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $698.9K | 1,806 | 0.4% | 18 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $443.4K | 2,754 | 0.2% | 23 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $399.9K | 1,802 | 0.2% | 23 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $348.7K | 3,960 | 0.2% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $333.1K | 446 | 0.2% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $327.5K | 2,575 | 0.2% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $317.2K | 900 | 0.2% | 11 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $312.1K | 7,363 | 0.2% | 5 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $300.5K | 294 | 0.2% | 13 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $297.0K | 2,820 | 0.2% | 14 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $273.2K | 1,865 | 0.1% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $254.0K | 2,340 | 0.1% | 5 |
| GLACIER BANCORP INC NEW | [GBCI](https://holderbook.com/stocks/GBCI/) | $242.2K | 4,601 | 0.1% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $237.3K | 635 | 0.1% | 1 |
| EVERUS CONSTR GROUP | [ECG](https://holderbook.com/stocks/ECG/) | $236.9K | 1,553 | 0.1% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $228.8K | 1,599 | 0.1% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $226.6K | 929 | 0.1% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $221.0K | 879 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $209.3K | 4,720 | 0.1% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $206.2K | 174 | 0.1% | 1 |
| GABELLI UTIL TR | [GUT](https://holderbook.com/stocks/GUT/) | $164.5K | 24,977 | 0.1% | 20 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.4% | +14.8% | -10.4% | 97% |
| Q1 2026 | -0.4% | -4.6% | +4.2% | 98% |
| Q4 2025 | +3.6% | +2.4% | +1.2% | 98% |
| Q3 2025 | +7.3% | +7.8% | -0.6% | 98% |
| Q2 2025 | +3.5% | +10.5% | -6.9% | 108% |
| Q1 2025 | -2.1% | -4.6% | +2.4% | 98% |
| Q4 2024 | +0.1% | +2.1% | -2.0% | 96% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $198.0M | 58 |
| Q1 2026 | $196.6M | 50 |
| Q4 2025 | $196.0M | 52 |
| Q3 2025 | $189.5M | 53 |
| Q2 2025 | $172.9M | 55 |
| Q1 2025 | $139.3M | 46 |
| Q4 2024 | $165.9M | 52 |
| Q3 2024 | $165.9M | 51 |
| Q2 2024 | $147.4M | 46 |
| Q1 2024 | $147.4M | 46 |
| Q4 2023 | $137.2M | 48 |
| Q3 2023 | $125.4M | 46 |