Piedmont Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Piedmont Capital Management, LLC reported 51 stock positions worth $165.9 million. Its top holding was Vngrd Mrgstr MG CP GR ETF-Ui (MGK) at 24.6% of the portfolio, followed by Vanguard High DVD Yield ETF (VYM, 12.8%) and Vanguard S&P 500 ETF (VOO, 8.1%). Compared with Q2 2024, it opened 12 new positions, sold out of 7, added to 12 and reduced 25. The biggest buy was a new position in SS SPDR Dow Jones REIT ETF (RWR) and the biggest sale an exit from iShares Core MSCI Eafe ETF (IEFA).
- Most Recent 13F
- Q2 2026
- Location
- WHITEFISH, MT
- CIK
- 0001656150
- Portfolio Value
- $165.9M (Q3 2024)
- SEC Filing
- 0001656150-24-000005 ↗ filed Nov 14, 2024
Holdings Value
Holdings 51 stocks · $165.9M
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 24.56% | 124,438 | $40.7M | Add +5.6% |
| VYM Vanguard High DVD Yield ETF | 12.75% | 160,622 | $21.1M | Reduce -3.3% |
| VOO Vanguard S&P 500 ETF | 8.12% | 25,070 | $13.5M | Reduce -1.4% |
| GLDM SPDR Gold Minishares Trust | 7.64% | 237,906 | $12.7M | Add +34.6% |
| RWR SS SPDR Dow Jones REIT ETF | 7.09% | 110,617 | $11.8M | New |
| SMH Vaneck Semiconductor ETF | 5.51% | 35,848 | $9.1M | Reduce -11.0% |
| FLOT iShares Floating Rate Bond E | 4.72% | 153,693 | $7.8M | Add +5.1% |
| SMDV Proshrs RSL 2000 DVD GRW ETF | 4.42% | 104,498 | $7.3M | New |
| BKLN Invesco Senior Loan ETF | 2.16% | 169,113 | $3.6M | Add +17.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.72% | 9,883 | $2.9M | Reduce -2.9% |
| ISHARES TR | 1.71% | 46,122 | $2.8M | New |
| ANGL Vaneck Fallen Angel High YLD | 1.53% | 87,131 | $2.5M | Add +3.3% |
| CLOI Vaneck Clo ETF | 1.16% | 36,505 | $1.9M | New |
| XLRE SS Real Estate Select Sector | 0.93% | 34,803 | $1.5M | New |
| FLIN Franklin Ftse India ETF | 0.86% | 35,293 | $1.4M | New |
| AOR iShares Core 60/40 Balanced | 0.83% | 23,433 | $1.4M | Reduce -4.2% |
| CSCO Cisco Systems Inc. | 0.77% | 22,721 | $1.3M | Add +20.8% |
| VIG Vanguard Dividend Apprec ETF | 0.77% | 6,375 | $1.3M | Reduce -9.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.77% | 5,492 | $1.3M | Reduce -9.9% |
| MMM 3M Co. | 0.74% | 9,045 | $1.2M | Add +9.5% |
| VZ Verizon Communications Inc. | 0.73% | 27,823 | $1.2M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.72% | 17,181 | $1.2M | Reduce -8.2% |
| DOW Dow Inc. | 0.69% | 21,529 | $1.1M | Reduce -11.6% |
| VNQ Vanguard Real Estate ETF | 0.66% | 11,261 | $1.1M | Reduce -76.5% |
| BND Vanguard Total Bond Market | 0.54% | 12,231 | $903K | Reduce -0.7% |
| INVESCO QQQ TR | 0.51% | 1,726 | $853K | New |
| AMGN Amgen Inc. | 0.51% | 2,624 | $845K | Reduce -5.9% |
| STN Stantec Inc. | 0.51% | 10,458 | $842K | New |
| CVX Chevron Corp. | 0.47% | 5,226 | $784K | Reduce -5.3% |
| XOM Exxon Mobil Corp. | 0.44% | 6,031 | $724K | Add +1.1% |
| MSFT Microsoft Corp. | 0.44% | 1,729 | $722K | Reduce -11.2% |
| HPQ HP Inc. | 0.41% | 18,000 | $679K | No change |
| SLV iShares Silver Trust | 0.41% | 23,473 | $675K | Reduce -0.1% |
| GLD SPDR Gold Shares | 0.41% | 2,715 | $674K | Add +3.8% |
| HPE Hewlett Packard Enterprise | 0.37% | 29,000 | $607K | No change |
| JNJ Johnson & Johnson | 0.35% | 3,578 | $588K | Add +36.7% |
| JPM JPMorgan Chase & Co. | 0.33% | 2,396 | $540K | Reduce -8.6% |
| IVV iShares Core S&P 500 ETF | 0.30% | 856 | $503K | Add +60.9% |
| GS Goldman Sachs Group Inc. | 0.27% | 848 | $452K | Reduce -8.0% |
| HD Home Depot Inc. | 0.26% | 1,053 | $438K | Add +60.0% |
| MRK Merck & Co. Inc. | 0.24% | 3,692 | $406K | Reduce -1.3% |
| TU Telus Corp. | 0.24% | 23,998 | $392K | New |
| MOAT Vaneck Morningstar Wide Moat | 0.23% | 3,880 | $379K | Reduce -8.0% |
| SPG Simon Property Group Inc. | 0.19% | 1,846 | $322K | Reduce -35.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 503 | $294K | Reduce -31.8% |
| CAT Caterpillar Inc. | 0.17% | 732 | $289K | Reduce -3.8% |
| GBCI Glacier Bancorp Inc. | 0.15% | 5,032 | $247K | Reduce -13.4% |
| ORCL Oracle Corp. | 0.15% | 1,391 | $247K | New |
| PG The Procter & Gamble Co. | 0.13% | 1,281 | $221K | New |
| AAPL Apple Inc. | 0.13% | 930 | $216K | New |
| GUT Gabelli Utility Trust | 0.08% | 24,710 | $127K | Reduce -37.3% |
Portfolio Sells Q2 2024 → Q3 2024
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −7.67 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −4.79 |
| VNQ Vanguard Real Estate ETF | Reduce -76.5% | 0.66% | −2.07 |
| FEZ State Street SPDR Euro Stoxx | Sold out | 0.00% | −1.87 |
| USRT iShares Core US REIT ETF | Sold out | 0.00% | −1.58 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.3% | 12.75% | −0.76 |
| SMH Vaneck Semiconductor ETF | Reduce -11.0% | 5.51% | −0.67 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.63 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.42 |
| DOW Dow Inc. | Reduce -11.6% | 0.69% | −0.30 |
| INTC Intel Corp. | Sold out | 0.00% | −0.18 |
| CVX Chevron Corp. | Reduce -5.3% | 0.47% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -1.4% | 8.12% | −0.13 |
| MSFT Microsoft Corp. | Reduce -11.2% | 0.44% | −0.12 |
| SPG Simon Property Group Inc. | Reduce -35.7% | 0.19% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -1.3% | 0.24% | −0.09 |
| VIG Vanguard Dividend Apprec ETF | Reduce -9.0% | 0.77% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -31.8% | 0.18% | −0.08 |
| AOR iShares Core 60/40 Balanced | Reduce -4.2% | 0.83% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -0.5% | 0.73% | −0.08 |
| GUT Gabelli Utility Trust | Reduce -37.3% | 0.08% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.9% | 1.72% | −0.06 |
| BND Vanguard Total Bond Market | Reduce -0.7% | 0.54% | −0.06 |
| KO The Coca-Cola Co. | Reduce -8.2% | 0.72% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -8.6% | 0.33% | −0.03 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -8.0% | 0.23% | −0.02 |
| CAT Caterpillar Inc. | Reduce -3.8% | 0.17% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -9.9% | 0.77% | −0.02 |
| AMGN Amgen Inc. | Reduce -5.9% | 0.51% | −0.01 |
| GBCI Glacier Bancorp Inc. | Reduce -13.4% | 0.15% | +0.00 |
| GS Goldman Sachs Group Inc. | Reduce -8.0% | 0.27% | +0.01 |
| SLV iShares Silver Trust | Reduce -0.1% | 0.41% | +0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| RWR SS SPDR Dow Jones REIT ETF | New | 7.09% | +7.09 |
| SMDV Proshrs RSL 2000 DVD GRW ETF | New | 4.42% | +4.42 |
| GLDM SPDR Gold Minishares Trust | Add +34.6% | 7.64% | +2.21 |
| ISHARES TR | New | 1.71% | +1.71 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +5.6% | 24.56% | +1.70 |
| CLOI Vaneck Clo ETF | New | 1.16% | +1.16 |
| XLRE SS Real Estate Select Sector | New | 0.93% | +0.93 |
| FLIN Franklin Ftse India ETF | New | 0.86% | +0.86 |
| INVESCO QQQ TR | New | 0.51% | +0.51 |
| STN Stantec Inc. | New | 0.51% | +0.51 |
| TU Telus Corp. | New | 0.24% | +0.24 |
| MMM 3M Co. | Add +9.5% | 0.74% | +0.22 |
| CSCO Cisco Systems Inc. | Add +20.8% | 0.77% | +0.15 |
| ORCL Oracle Corp. | New | 0.15% | +0.15 |
| PG The Procter & Gamble Co. | New | 0.13% | +0.13 |
| AAPL Apple Inc. | New | 0.13% | +0.13 |
| IVV iShares Core S&P 500 ETF | Add +60.9% | 0.30% | +0.11 |
| HD Home Depot Inc. | Add +60.0% | 0.26% | +0.10 |
| BKLN Invesco Senior Loan ETF | Add +17.9% | 2.16% | +0.10 |
| JNJ Johnson & Johnson | Add +36.7% | 0.35% | +0.08 |
| GLD SPDR Gold Shares | Add +3.8% | 0.41% | +0.03 |
| XOM Exxon Mobil Corp. | Add +1.1% | 0.44% | −0.05 |
| ANGL Vaneck Fallen Angel High YLD | Add +3.3% | 1.53% | −0.11 |
| FLOT iShares Floating Rate Bond E | Add +5.1% | 4.72% | −0.33 |
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 |