Piedmont Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Piedmont Capital Management, LLC reported 52 stock positions worth $165.9 million. Its top holding was Vngrd Mrgstr MG CP GR ETF-Ui (MGK) at 26.1% of the portfolio, followed by Vanguard High DVD Yield ETF (VYM, 12.5%) and Vanguard S&P 500 ETF (VOO, 8.2%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 21 and reduced 14. The biggest buy was a new position in iShares Russell Mid-Cap Grow (IWP) and the biggest sale an exit from Proshrs RSL 2000 DVD GRW ETF (SMDV).
- Most Recent 13F
- Q2 2026
- Location
- WHITEFISH, MT
- CIK
- 0001656150
- Portfolio Value
- $165.9M (Q4 2024)
- SEC Filing
- 0001656150-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 52 stocks · $165.9M
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 26.08% | 126,385 | $43.3M | Add +1.6% |
| VYM Vanguard High DVD Yield ETF | 12.48% | 162,237 | $20.7M | Add +1.0% |
| VOO Vanguard S&P 500 ETF | 8.15% | 25,146 | $13.5M | Add +0.3% |
| GLDM SPDR Gold Minishares Trust | 7.55% | 237,864 | $12.5M | Reduce -0.0% |
| RWR SS SPDR Dow Jones REIT ETF | 6.58% | 111,512 | $10.9M | Add +0.8% |
| SMH Vaneck Semiconductor ETF | 5.23% | 35,388 | $8.7M | Reduce -1.3% |
| FLOT iShares Floating Rate Bond E | 4.88% | 158,988 | $8.1M | Add +3.5% |
| IWP iShares Russell Mid-Cap Grow | 4.55% | 59,232 | $7.5M | New |
| BKLN Invesco Senior Loan ETF | 2.19% | 172,372 | $3.6M | Add +1.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.77% | 10,129 | $2.9M | Add +2.5% |
| ISHARES TR | 1.61% | 47,124 | $2.7M | Add +2.2% |
| ANGL Vaneck Fallen Angel High YLD | 1.56% | 90,106 | $2.6M | Add +3.4% |
| CLOI Vaneck Clo ETF | 1.24% | 38,912 | $2.1M | Add +6.6% |
| XLRE SS Real Estate Select Sector | 0.89% | 36,621 | $1.5M | Add +5.2% |
| FLIN Franklin Ftse India ETF | 0.85% | 36,599 | $1.4M | Add +3.7% |
| VIG Vanguard Dividend Apprec ETF | 0.81% | 6,854 | $1.3M | Add +7.5% |
| CSCO Cisco Systems Inc. | 0.81% | 22,643 | $1.3M | Reduce -0.3% |
| AOR iShares Core 60/40 Balanced | 0.80% | 23,216 | $1.3M | Reduce -0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.72% | 5,421 | $1.2M | Reduce -1.3% |
| MMM 3M Co. | 0.69% | 8,816 | $1.1M | Reduce -2.5% |
| VZ Verizon Communications Inc. | 0.67% | 27,750 | $1.1M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.64% | 17,108 | $1.1M | Reduce -0.4% |
| VNQ Vanguard Real Estate ETF | 0.59% | 11,093 | $979K | Reduce -1.5% |
| BND Vanguard Total Bond Market | 0.58% | 13,320 | $958K | Add +8.9% |
| INVESCO QQQ TR | 0.56% | 1,814 | $926K | Add +5.1% |
| DOW Dow Inc. | 0.52% | 21,536 | $855K | Add +0.0% |
| STN Stantec Inc. | 0.50% | 10,458 | $822K | No change |
| CVX Chevron Corp. | 0.46% | 5,170 | $760K | Reduce -1.1% |
| MSFT Microsoft Corp. | 0.44% | 1,729 | $724K | No change |
| AMGN Amgen Inc. | 0.40% | 2,586 | $671K | Reduce -1.4% |
| GLD SPDR Gold Shares | 0.40% | 2,715 | $666K | No change |
| XOM Exxon Mobil Corp. | 0.39% | 6,033 | $649K | Add +0.0% |
| SLV iShares Silver Trust | 0.38% | 23,473 | $632K | No change |
| HPE Hewlett Packard Enterprise | 0.38% | 29,000 | $623K | No change |
| HPQ HP Inc. | 0.35% | 18,000 | $586K | No change |
| JPM JPMorgan Chase & Co. | 0.35% | 2,396 | $577K | No change |
| IVV iShares Core S&P 500 ETF | 0.31% | 882 | $518K | Add +3.0% |
| JNJ Johnson & Johnson | 0.31% | 3,563 | $513K | Reduce -0.4% |
| HD Home Depot Inc. | 0.25% | 1,053 | $409K | No change |
| GS Goldman Sachs Group Inc. | 0.24% | 704 | $406K | Reduce -17.0% |
| MRK Merck & Co. Inc. | 0.22% | 3,692 | $366K | No change |
| TU Telus Corp. | 0.20% | 23,998 | $327K | No change |
| SPG Simon Property Group Inc. | 0.19% | 1,849 | $320K | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 503 | $294K | No change |
| CAT Caterpillar Inc. | 0.16% | 732 | $264K | No change |
| GBCI Glacier Bancorp Inc. | 0.16% | 5,256 | $262K | Add +4.5% |
| MOAT Vaneck Morningstar Wide Moat | 0.16% | 2,820 | $260K | Reduce -27.3% |
| ORCL Oracle Corp. | 0.14% | 1,392 | $231K | Add +0.1% |
| AAPL Apple Inc. | 0.14% | 930 | $227K | No change |
| WMT Walmart Inc. | 0.13% | 2,374 | $214K | New |
| PG The Procter & Gamble Co. | 0.13% | 1,281 | $213K | No change |
| GUT Gabelli Utility Trust | 0.08% | 24,710 | $126K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| SMDV Proshrs RSL 2000 DVD GRW ETF | Sold out | 0.00% | −4.42 |
| SMH Vaneck Semiconductor ETF | Reduce -1.3% | 5.23% | −0.29 |
| AMGN Amgen Inc. | Reduce -1.4% | 0.40% | −0.11 |
| GLDM SPDR Gold Minishares Trust | Reduce -0.0% | 7.55% | −0.09 |
| KO The Coca-Cola Co. | Reduce -0.4% | 0.64% | −0.08 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -27.3% | 0.16% | −0.07 |
| VNQ Vanguard Real Estate ETF | Reduce -1.5% | 0.59% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -0.3% | 0.67% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -1.3% | 0.72% | −0.05 |
| MMM 3M Co. | Reduce -2.5% | 0.69% | −0.05 |
| JNJ Johnson & Johnson | Reduce -0.4% | 0.31% | −0.05 |
| AOR iShares Core 60/40 Balanced | Reduce -0.9% | 0.80% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -17.0% | 0.24% | −0.03 |
| CVX Chevron Corp. | Reduce -1.1% | 0.46% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.3% | 0.81% | +0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| IWP iShares Russell Mid-Cap Grow | New | 4.55% | +4.55 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +1.6% | 26.08% | +1.53 |
| FLOT iShares Floating Rate Bond E | Add +3.5% | 4.88% | +0.16 |
| WMT Walmart Inc. | New | 0.13% | +0.13 |
| CLOI Vaneck Clo ETF | Add +6.6% | 1.24% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.5% | 1.77% | +0.05 |
| INVESCO QQQ TR | Add +5.1% | 0.56% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +0.3% | 8.15% | +0.03 |
| BND Vanguard Total Bond Market | Add +8.9% | 0.58% | +0.03 |
| BKLN Invesco Senior Loan ETF | Add +1.9% | 2.19% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +7.5% | 0.81% | +0.03 |
| ANGL Vaneck Fallen Angel High YLD | Add +3.4% | 1.56% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +3.0% | 0.31% | +0.01 |
| GBCI Glacier Bancorp Inc. | Add +4.5% | 0.16% | +0.01 |
| SPG Simon Property Group Inc. | Add +0.2% | 0.19% | −0.00 |
| ORCL Oracle Corp. | Add +0.1% | 0.14% | −0.01 |
| FLIN Franklin Ftse India ETF | Add +3.7% | 0.85% | −0.01 |
| XLRE SS Real Estate Select Sector | Add +5.2% | 0.89% | −0.04 |
| XOM Exxon Mobil Corp. | Add +0.0% | 0.39% | −0.05 |
| ISHARES TR | Add +2.2% | 1.61% | −0.10 |
| DOW Dow Inc. | Add +0.0% | 0.52% | −0.17 |
| VYM Vanguard High DVD Yield ETF | Add +1.0% | 12.48% | −0.27 |
| RWR SS SPDR Dow Jones REIT ETF | Add +0.8% | 6.58% | −0.51 |
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 |