Institutional
Piedmont Capital Management, LLC
CIK 0001656150
$196.6M
Reported AUM
50
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Piedmont Capital Management, LLC · Q1 2026
AI · grounded in 13F
Piedmont Capital Management, LLC exited its position in VANGUARD INDEX FDS, reducing exposure by $23.7M. The fund established a new position in PVAL worth $22.8M and added RWR with a $13.6M investment. Other notable moves include closing out positions in VOO for $13.9M and SLV for $1.3M.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | VYM | VANGUARD WHITEHALL FDS | $158.24 | -1.35% | 24.39% | 72.68% | $24.3M | 12.36% | −470 | −0.3% |
| 2 | FEZ | SPDR INDEX SHS FDS | $66.88 | -2.25% | 14.48% | 62.88% | $24.0M | 12.23% | +9,413 | +2.5% |
| 3 | PVAL | PUTNAM ETF TRUST | $50.53 | -1.62% | 30.97% | 108.83% | $22.8M | 11.59% | +486,775 | NEW |
| 4 | GLDM | WORLD GOLD TR | $85.42 | -3.67% | 30.23% | 136.75% | $20.5M | 10.44% | −5,861 | −2.6% |
| 5 | IEFA | ISHARES TR | $95.56 | -2.60% | 18.86% | 46.61% | $16.6M | 8.42% | +724 | +0.4% |
| 6 | GDX | VANECK ETF TRUST | $78.84 | -8.75% | 53.84% | 141.98% | $13.9M | 7.09% | −5,825 | −3.8% |
| 7 | RWR | SPDR SERIES TRUST | $111.10 | 1.06% | 17.54% | 18.90% | $13.6M | 6.90% | +132,183 | NEW |
| 8 | FLOT | ISHARES TR | $50.93 | 0.06% | 5.28% | 22.81% | $10.0M | 5.08% | +14,015 | +7.7% |
| 9 | BKLN | INVESCO EXCH TRADED FD TR II | $20.46 | -0.20% | 4.40% | 29.18% | $4.8M | 2.42% | +7,726 | +3.4% |
| 10 | FRDM | EA SERIES TRUST | $66.74 | -8.17% | 75.96% | 125.84% | $4.0M | 2.04% | +72,198 | NEW |
| 11 | IWC | ISHARES TR | $181.35 | -5.14% | 46.22% | 33.25% | $3.9M | 1.99% | +23,888 | NEW |
| 12 | VTI | VANGUARD INDEX FDS | $363.38 | -2.68% | 24.59% | 71.45% | $3.3M | 1.70% | +99 | +1.0% |
| 13 | ANGL | VANECK ETF TRUST | $28.94 | -0.52% | 8.34% | 15.00% | $3.3M | 1.67% | +4,970 | +4.6% |
| 14 | CLOI | VANECK ETF TRUST | $52.79 | 0.00% | 6.07% | 29.32% | $2.9M | 1.50% | +2,190 | +4.1% |
| 15 | — | ISHARES TR | — | — | — | — | $2.8M | 1.42% | −986 | −2.1% |
| 16 | CSCO | CISCO SYS INC | $121.64 | -6.43% | 88.37% | 153.46% | $1.7M | 0.85% | −1,070 | −4.8% |
| 17 | VIG | VANGUARD SPECIALIZED FUNDS | $233.28 | -1.37% | 18.28% | 59.52% | $1.6M | 0.83% | +69 | +0.9% |
| 18 | KO | COCA COLA CO | $79.48 | 3.46% | 14.62% | 60.54% | $1.4M | 0.70% | −178 | −1.0% |
| 19 | VZ | VERIZON COMMUNICATIONS INC | $45.37 | 1.11% | 10.56% | 10.94% | $1.4M | 0.70% | +549 | +2.0% |
| 20 | JNJ | JOHNSON & JOHNSON | $232.77 | 2.02% | 53.90% | 55.59% | $1.4M | 0.69% | +11 | +0.2% |
| 21 | AOR | ISHARES TR | $68.28 | -1.97% | 16.76% | 36.91% | $1.3M | 0.67% | −3,129 | −13.4% |
| 22 | MRK | MERCK & CO INC | $120.79 | 0.44% | 58.51% | 82.35% | $1.2M | 0.62% | +413 | +4.2% |
| 23 | IBM | IBM CORP | $284.84 | -5.61% | 8.65% | 157.04% | $1.2M | 0.59% | −205 | −4.2% |
| 24 | CVX | CHEVRON CORP NEW | $187.31 | -0.55% | 39.19% | 125.88% | $1.1M | 0.58% | +321 | +5.9% |
| 25 | — | INVSC QQQ TR | — | — | — | — | $1.1M | 0.55% | +13 | +0.7% |
| 26 | BND | VANGUARD BD INDEX FDS | $72.83 | -0.45% | 5.24% | -1.47% | $1.1M | 0.55% | +70 | +0.5% |
| 27 | XOM | EXXON MOBIL CORP | $149.92 | -1.39% | 48.36% | 212.97% | $970K | 0.49% | −75 | −1.2% |
| 28 | VNQ | VANGUARD INDEX FDS | $96.79 | 0.72% | 11.98% | 9.39% | $927K | 0.47% | −48 | −0.5% |
| 29 | AMGN | AMGEN INC | $349.58 | 1.15% | 24.03% | 69.41% | $923K | 0.47% | −1 | −0.0% |
| 30 | STN | STANTEC INC | $73.88 | -1.86% | -30.24% | 65.19% | $920K | 0.47% | — | HELD |
| 31 | IVV | ISHARES TR | $740.91 | -2.62% | — | — | $814K | 0.41% | +131 | +11.9% |
| 32 | JPM | JPMORGAN CHASE & CO | $312.37 | 0.48% | — | — | $698K | 0.36% | — | HELD |
| 33 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | — | — | $672K | 0.34% | +67 | +3.9% |
| 34 | AAPL | APPLE INC | $307.34 | -1.25% | — | — | $589K | 0.30% | +1,201 | +112.0% |
| 35 | CAT | CATERPILLAR INC | $904.28 | -3.85% | — | — | $524K | 0.27% | — | HELD |
| 36 | UNH | UNITEDHEALTH GROUP INC | $399.47 | 0.76% | — | — | $520K | 0.26% | +42 | +2.3% |
| 37 | MMM | 3M CO | $153.76 | 0.65% | — | — | $437K | 0.22% | — | HELD |
| 38 | SPG | SIMON PPTY GROUP INC NEW | $210.31 | 1.98% | — | — | $341K | 0.17% | +3 | +0.2% |
| 39 | NKE | NIKE INC | $42.98 | -1.47% | — | — | $300K | 0.15% | +326 | +5.0% |
| 40 | WMT | WALMART INC | $118.88 | 0.97% | — | — | $296K | 0.15% | — | HELD |
| 41 | MGK | VANGUARD WORLD FD | $87.47 | -3.73% | — | — | $295K | 0.15% | — | HELD |
| 42 | SPY | SPDR S&P 500 ETF TR | $737.55 | -2.58% | — | — | $293K | 0.15% | — | HELD |
| 43 | HD | HOME DEPOT INC | $310.78 | 0.27% | — | — | $292K | 0.15% | +135 | +17.7% |
| 44 | IWP | ISHARES TR | $139.23 | -2.75% | — | — | $289K | 0.15% | −55,400 | −96.1% |
| 45 | MOAT | VANECK ETF TRUST | $102.05 | -1.39% | — | — | $273K | 0.14% | — | HELD |
| 46 | GS | GOLDMAN SACHS GROUP INC | $1038.68 | -4.94% | — | — | $255K | 0.13% | — | HELD |
| 47 | PG | PROCTER & GAMBLE CO | $146.54 | 4.09% | — | — | $254K | 0.13% | +1,783 | NEW |
| 48 | ORCL | ORACLE CORP | $213.68 | -9.59% | — | — | $231K | 0.12% | +1 | +0.1% |
| 49 | GBCI | GLACIER BANCORP INC NEW | $47.15 | -0.06% | — | — | $211K | 0.11% | — | HELD |
| 50 | GUT | GABELLI UTIL TR | $6.23 | -1.11% | — | — | $150K | 0.08% | −2,460 | −9.0% |
| 51 | VUG | VANGUARD INDEX FDS | $85.93 | -3.62% | — | — | — | — | −48,641 | EXITED |
| 52 | VOO | VANGUARD INDEX FDS | $678.00 | -2.59% | — | — | — | — | −22,224 | EXITED |
| 53 | SLV | ISHARES SILVER TR | $61.57 | -8.08% | — | — | — | — | −20,120 | EXITED |
| 54 | GLD | SPDR GOLD TR | $396.24 | -3.65% | — | — | — | — | −2,715 | EXITED |
| 55 | XLRE | SELECT SECTOR SPDR TR | $44.70 | 0.68% | — | — | — | — | −13,357 | EXITED |
| 56 | ABBV | ABBVIE INC | $227.23 | 1.02% | — | — | — | — | −889 | EXITED |
| 57 | TU | TELUS CORPORATION | $12.31 | 0.24% | — | — | — | — | −11,999 | EXITED |
Source: SEC EDGAR · accession 0001656150-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.