# Piedmont Capital Management, LLC/NC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2108281. Source: https://holderbook.com/funds/2108281-piedmont-capital-management-llc-nc/

- Reported value: $163.8M
- Positions: 123
- Weight of the ten largest: 55.3%
- 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 INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $25.4M | 36,924 | 15.5% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $11.9M | 166,333 | 7.2% | 3 |
| FRANKLIN TEMPLETON ETF TR | [FLQM](https://holderbook.com/stocks/FLQM/) | $10.0M | 172,917 | 6.1% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.8M | 10,503 | 4.8% | 3 |
| LEGG MASON ETF INVT | [LVHI](https://holderbook.com/stocks/LVHI/) | $7.8M | 191,357 | 4.7% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $6.7M | 9 | 4.1% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $6.7M | 27,500 | 4.1% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.5M | 7,325 | 3.3% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.5M | 15,409 | 2.7% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.5M | 22,256 | 2.7% | 3 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $4.2M | 125,422 | 2.6% | 3 |
| 2023 ETF SERIES TRUST | [EAGL](https://holderbook.com/stocks/EAGL/) | $3.9M | 121,415 | 2.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3M | 9,343 | 2.0% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $2.9M | 92,985 | 1.8% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.8M | 7,510 | 1.7% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.3M | 6,882 | 1.4% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 3,689 | 1.1% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 7,402 | 1.1% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.6M | 4,383 | 1.0% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4M | 2,461 | 0.9% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.4M | 2,977 | 0.9% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.4M | 1,172 | 0.8% | 3 |
| FIRST NATL CORP VA | [FXNC](https://holderbook.com/stocks/FXNC/) | $1.3M | 42,955 | 0.8% | 3 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.2M | 3,900 | 0.7% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.2M | 3,129 | 0.7% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.1M | 1,578 | 0.7% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.1M | 1,984 | 0.7% | 3 |
| WESTROCK COFFEE CO | [WEST](https://holderbook.com/stocks/WEST/) | $1.1M | 137,488 | 0.7% | 3 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $1.1M | 2,300 | 0.6% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.0M | 871 | 0.6% | 3 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $924.2K | 26,550 | 0.6% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $918.4K | 2,604 | 0.6% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $874.8K | 4,185 | 0.5% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $854.3K | 4,722 | 0.5% | 3 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $848.1K | 5,865 | 0.5% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $835.7K | 1,987 | 0.5% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $778.0K | 2,202 | 0.5% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $755.1K | 2,201 | 0.5% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $742.4K | 2,268 | 0.5% | 3 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $733.4K | 6,648 | 0.4% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $684.3K | 1,723 | 0.4% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $681.1K | 5,698 | 0.4% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $665.9K | 5,669 | 0.4% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $650.8K | 11,421 | 0.4% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $647.5K | 608 | 0.4% | 3 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $639.8K | 3,467 | 0.4% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $629.8K | 2,113 | 0.4% | 3 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $618.4K | 1,348 | 0.4% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $612.6K | 4,767 | 0.4% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $610.4K | 4,165 | 0.4% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $598.8K | 301 | 0.4% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $597.6K | 7,750 | 0.4% | 3 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $595.8K | 7,861 | 0.4% | 2 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $589.9K | 3,591 | 0.4% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $558.4K | 4,930 | 0.3% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $546.3K | 2,171 | 0.3% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $523.3K | 5,038 | 0.3% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $519.8K | 1,012 | 0.3% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $518.2K | 3,534 | 0.3% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $469.3K | 1,848 | 0.3% | 3 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $414.5K | 8,319 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $404.1K | 432 | 0.2% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $391.9K | 1,150 | 0.2% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $385.0K | 2,751 | 0.2% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $367.9K | 2,635 | 0.2% | 1 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $367.0K | 2,829 | 0.2% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $355.5K | 4,941 | 0.2% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $354.9K | 482 | 0.2% | 3 |
| EA SERIES TRUST | [FRDM](https://holderbook.com/stocks/FRDM/) | $344.9K | 4,731 | 0.2% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $344.6K | 4,170 | 0.2% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $338.4K | 3,856 | 0.2% | 3 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $332.0K | 344 | 0.2% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $323.5K | 510 | 0.2% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $322.5K | 3,102 | 0.2% | 3 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $316.6K | 7,016 | 0.2% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $315.5K | 1,122 | 0.2% | 3 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $310.0K | 1,455 | 0.2% | 3 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $306.8K | 5,305 | 0.2% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $301.9K | 1,182 | 0.2% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $297.5K | 1,568 | 0.2% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $286.4K | 1,285 | 0.2% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $282.5K | 663 | 0.2% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $281.8K | 562 | 0.2% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $275.7K | 3,861 | 0.2% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $273.0K | 1,802 | 0.2% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $268.1K | 645 | 0.2% | 1 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $262.9K | 3,381 | 0.2% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $257.9K | 1,556 | 0.2% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $256.8K | 862 | 0.2% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $254.8K | 1,177 | 0.2% | 3 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $253.2K | 1,070 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $252.7K | 2,934 | 0.2% | 3 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $251.5K | 710 | 0.2% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $250.9K | 579 | 0.2% | 1 |
| EATON VANCE TAX-MANAGED DIVE | [ETY](https://holderbook.com/stocks/ETY/) | $248.9K | 17,120 | 0.2% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $247.4K | 820 | 0.2% | 1 |
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $241.5K | 8,876 | 0.1% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $238.0K | 1,419 | 0.1% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $228.7K | 846 | 0.1% | 3 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $220.6K | 896 | 0.1% | 1 |

## 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 | +12.0% | +14.8% | -2.8% | 100% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $163.8M | 123 |
| Q1 2026 | $149.9M | 119 |
| Q4 2025 | $152.1M | 115 |