Piedmont Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Piedmont Capital Management, LLC reported 46 stock positions worth $147.4 million. Its top holding was Vngrd Mrgstr MG CP GR ETF-Ui (MGK) at 22.9% of the portfolio, followed by Vanguard High DVD Yield ETF (VYM, 13.5%) and Vanguard S&P 500 ETF (VOO, 8.2%). Compared with Q4 2023, it sold out of 2, added to 29 and reduced 10. The biggest buy was Vaneck Semiconductor ETF (SMH, shares +1%) and the biggest sale an exit from iShares 0-5 Year Tips Bond E (STIP).
- Most Recent 13F
- Q2 2026
- Location
- WHITEFISH, MT
- CIK
- 0001656150
- Portfolio Value
- $147.4M (Q1 2024)
- SEC Filing
- 0001656150-24-000003 ↗ filed May 13, 2024
Holdings Value
Holdings 46 stocks · $147.4M
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 22.86% | 117,844 | $33.7M | Add +1.1% |
| VYM Vanguard High DVD Yield ETF | 13.51% | 166,031 | $19.9M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 8.24% | 25,417 | $12.1M | Add +1.5% |
| IEFA iShares Core MSCI Eafe ETF | 7.67% | 153,182 | $11.3M | Add +2.1% |
| SMH Vaneck Semiconductor ETF | 6.18% | 40,298 | $9.1M | Add +0.8% |
| GLDM SPDR Gold Minishares Trust | 5.43% | 176,776 | $8.0M | Add +4.4% |
| FLOT iShares Floating Rate Bond E | 5.05% | 146,264 | $7.4M | Add +5.6% |
| IWP iShares Russell Mid-Cap Grow | 4.79% | 62,744 | $7.1M | Reduce -1.5% |
| VNQ Vanguard Real Estate ETF | 2.73% | 47,972 | $4.0M | Reduce -2.2% |
| BKLN Invesco Senior Loan ETF | 2.06% | 143,418 | $3.0M | Add +7.6% |
| FEZ State Street SPDR Euro Stoxx | 1.87% | 52,594 | $2.8M | Add +2.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.78% | 10,175 | $2.6M | Add +0.8% |
| ANGL Vaneck Fallen Angel High YLD | 1.64% | 84,384 | $2.4M | Add +2.5% |
| USRT iShares Core US REIT ETF | 1.58% | 44,690 | $2.3M | Add +1.8% |
| DOW Dow Inc. | 0.98% | 24,359 | $1.5M | Add +2.1% |
| AOR iShares Core 60/40 Balanced | 0.91% | 24,452 | $1.3M | Reduce -1.6% |
| VIG Vanguard Dividend Apprec ETF | 0.86% | 7,008 | $1.3M | Add +0.7% |
| VZ Verizon Communications Inc. | 0.81% | 27,969 | $1.2M | Add +5.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.79% | 6,097 | $1.2M | Add +0.7% |
| KO The Coca-Cola Co. | 0.77% | 18,717 | $1.1M | Add +7.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.63% | 2,093 | $926K | Add +1.4% |
| CSCO Cisco Systems Inc. | 0.62% | 18,807 | $921K | Add +6.2% |
| CVX Chevron Corp. | 0.60% | 5,519 | $886K | Add +2.9% |
| BND Vanguard Total Bond Market | 0.60% | 12,319 | $884K | Add +1.8% |
| MSFT Microsoft Corp. | 0.56% | 1,948 | $822K | Reduce -1.8% |
| AMGN Amgen Inc. | 0.52% | 2,789 | $768K | Add +2.2% |
| MMM 3M Co. | 0.52% | 8,260 | $765K | Add +6.2% |
| XOM Exxon Mobil Corp. | 0.48% | 5,963 | $713K | Reduce -1.6% |
| WBA Walgreens Boots Alliance Inc. | 0.42% | 33,267 | $622K | Add +5.2% |
| SLV iShares Silver Trust | 0.39% | 23,499 | $574K | No change |
| GLD SPDR Gold Shares | 0.38% | 2,615 | $553K | Reduce -2.6% |
| HPQ HP Inc. | 0.37% | 18,000 | $540K | No change |
| HPE Hewlett Packard Enterprise | 0.36% | 29,000 | $526K | No change |
| JPM JPMorgan Chase & Co. | 0.35% | 2,622 | $521K | Reduce -16.4% |
| MRK Merck & Co. Inc. | 0.33% | 3,741 | $487K | Add +0.0% |
| SPG Simon Property Group Inc. | 0.29% | 2,872 | $432K | Add +0.2% |
| JNJ Johnson & Johnson | 0.28% | 2,618 | $407K | Add +30.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 737 | $383K | No change |
| GS Goldman Sachs Group Inc. | 0.26% | 922 | $381K | Add +10.8% |
| MOAT Vaneck Morningstar Wide Moat | 0.25% | 4,218 | $372K | Reduce -16.2% |
| CAT Caterpillar Inc. | 0.19% | 761 | $282K | No change |
| IVV iShares Core S&P 500 ETF | 0.19% | 532 | $278K | Add +6.6% |
| INTC Intel Corp. | 0.18% | 6,463 | $263K | Reduce -28.0% |
| HD Home Depot Inc. | 0.16% | 658 | $237K | No change |
| GUT Gabelli Utility Trust | 0.15% | 39,392 | $218K | No change |
| GBCI Glacier Bancorp Inc. | 0.15% | 5,811 | $218K | Add +0.8% |
Portfolio Sells Q4 2023 → Q1 2024
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −1.09 |
| VNQ Vanguard Real Estate ETF | Reduce -2.2% | 2.73% | −0.43 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.7% | 13.51% | −0.23 |
| BA The Boeing Co. | Sold out | 0.00% | −0.21 |
| INTC Intel Corp. | Reduce -28.0% | 0.18% | −0.15 |
| IWP iShares Russell Mid-Cap Grow | Reduce -1.5% | 4.79% | −0.06 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -16.2% | 0.25% | −0.06 |
| AOR iShares Core 60/40 Balanced | Reduce -1.6% | 0.91% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -16.4% | 0.35% | −0.04 |
| GLD SPDR Gold Shares | Reduce -2.6% | 0.38% | +0.00 |
| MSFT Microsoft Corp. | Reduce -1.8% | 0.56% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 0.48% | +0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| SMH Vaneck Semiconductor ETF | Add +0.8% | 6.18% | +1.09 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +1.1% | 22.86% | +0.81 |
| GLDM SPDR Gold Minishares Trust | Add +4.4% | 5.43% | +0.39 |
| VOO Vanguard S&P 500 ETF | Add +1.5% | 8.24% | +0.27 |
| FEZ State Street SPDR Euro Stoxx | Add +2.9% | 1.87% | +0.09 |
| VZ Verizon Communications Inc. | Add +5.0% | 0.81% | +0.08 |
| IBM Intl Business Machines Corp. | Add +0.7% | 0.79% | +0.07 |
| JNJ Johnson & Johnson | Add +30.8% | 0.28% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 1.78% | +0.04 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.33% | +0.03 |
| DOW Dow Inc. | Add +2.1% | 0.98% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +10.8% | 0.26% | +0.02 |
| CVX Chevron Corp. | Add +2.9% | 0.60% | +0.02 |
| KO The Coca-Cola Co. | Add +7.1% | 0.77% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +6.6% | 0.19% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.4% | 0.63% | +0.01 |
| BKLN Invesco Senior Loan ETF | Add +7.6% | 2.06% | −0.00 |
| SPG Simon Property Group Inc. | Add +0.2% | 0.29% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +0.7% | 0.86% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.1% | 7.67% | −0.02 |
| GBCI Glacier Bancorp Inc. | Add +0.8% | 0.15% | −0.03 |
| CSCO Cisco Systems Inc. | Add +6.2% | 0.62% | −0.03 |
| BND Vanguard Total Bond Market | Add +1.8% | 0.60% | −0.05 |
| AMGN Amgen Inc. | Add +2.2% | 0.52% | −0.05 |
| FLOT iShares Floating Rate Bond E | Add +5.6% | 5.05% | −0.06 |
| ANGL Vaneck Fallen Angel High YLD | Add +2.5% | 1.64% | −0.08 |
| MMM 3M Co. | Add +6.2% | 0.52% | −0.10 |
| USRT iShares Core US REIT ETF | Add +1.8% | 1.58% | −0.16 |
| WBA Walgreens Boots Alliance Inc. | Add +5.2% | 0.42% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 58 | $198.0M | MGC, VYM, VOO, FEZ, IEFA |
| Q1 2026 | 50 | $196.6M | VYM, FEZ, PVAL, GLDM, IEFA |
| Q4 2025 | 52 | $196.0M | FEZ, VUG, VYM, GLDM, IEFA |
| Q3 2025 | 53 | $189.5M | VUG, VYM, FEZ, GLDM, IEFA |
| Q2 2025 | 55 | $172.9M | VYM, FEZ, SPHQ, GLDM, IEFA |
| Q1 2025 | 46 | $139.3M | HDV, VYM, GLDM, IEFA, FLOT |
| Q4 2024 | 52 | $165.9M | MGK, VYM, VOO, GLDM, RWR |
| Q3 2024 | 51 | $165.9M | MGK, VYM, VOO, GLDM, RWR |
| Q2 2024 | 46 | $147.4M | MGK, VYM, VOO, IEFA, SMH |
| Q1 2024 | 46 | $147.4M | MGK, VYM, VOO, IEFA, SMH |