Q3 2025 · 13F-HR
Piedmont Capital Management, LLCholdings as filed
Filed 2025-11-07 · accession 0001656150-25-000005
$189.5M
Reported value
53
Positions
2025-09-30
Period end
The Brief · Piedmont Capital Management, LLC · Q3 2025
AI · grounded in 13F
Piedmont Capital Management, LLC established a new position in VUG valued at $23.29M. The fund simultaneously closed its position in SPHQ, reducing exposure by $20.18M. Other notable exits included closing positions in ARGT, PG, and DOW. Additionally, the fund increased its holdings in FEZ by 8.04% and VOO by 4.84%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908736 | VUG | VANGUARD INDEX FDS | $23.3M | 12.3% | 48,449 | Common | NONE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $23.2M | 12.3% | 164,946 | Common | NONE |
| 78463X202 | FEZ | SPDR INDEX SHS FDS | $23.2M | 12.2% | 370,047 | Common | NONE |
| 98149E303 | GLDM | WORLD GOLD TR | $18.1M | 9.56% | 236,351 | Common | NONE |
| 46432F842 | IEFA | ISHARES TR | $15.8M | 8.33% | 179,925 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $13.6M | 7.15% | 22,124 | Common | NONE |
| 92189F106 | GDX | VANECK ETF TRUST | $12.1M | 6.39% | 156,610 | Common | NONE |
| 46429B655 | FLOT | ISHARES TR | $9.0M | 4.75% | 176,707 | Common | NONE |
| 464287481 | IWP | ISHARES TR | $8.2M | 4.32% | 57,797 | Common | NONE |
| 46138G508 | BKLN | INVESCO EXCH TRADED FD TR II | $4.4M | 2.32% | 210,031 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $3.3M | 1.74% | 10,064 | Common | NONE |
| 92189F437 | ANGL | VANECK ETF TRUST | $3.0M | 1.59% | 101,801 | Common | NONE |
| 474288521 | — | ISHARES TR | $2.8M | 1.48% | 47,649 | Common | NONE |
| 92189H748 | CLOI | VANECK ETF TRUST | $2.6M | 1.37% | 49,292 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $1.6M | 0.84% | 7,341 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $1.5M | 0.80% | 22,379 | Common | NONE |
| 464289867 | AOR | ISHARES TR | $1.5M | 0.78% | 22,836 | Common | NONE |
| 459200101 | IBM | IBM CORP | $1.4M | 0.72% | 4,840 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $1.2M | 0.64% | 18,194 | Common | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $1.2M | 0.63% | 27,602 | Common | NONE |
| 85472N109 | STN | STANTEC INC | $1.1M | 0.60% | 10,458 | Common | NONE |
| 46090E107 | — | INVSC QQQ TR | $1.1M | 0.57% | 1,790 | Common | NONE |
| 921937835 | BND | VANGUARD BD INDEX FDS | $1.1M | 0.56% | 14,377 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $1.0M | 0.54% | 5,585 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $1.0M | 0.54% | 2,848 | Common | NONE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $944,539 | 0.50% | 10,333 | Common | NONE |
| 46428Q109 | SLV | ISHARES SILVER TR | $918,426 | 0.48% | 21,281 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $881,373 | 0.47% | 9,949 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $877,602 | 0.46% | 1,699 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $825,681 | 0.44% | 5,356 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $801,320 | 0.42% | 2,687 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $724,800 | 0.38% | 2,328 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $665,980 | 0.35% | 5,978 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $636,433 | 0.34% | 950 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $625,527 | 0.33% | 1,821 | Common | NONE |
| 81369Y860 | XLRE | SELECT SECTOR SPDR TR | $514,029 | 0.27% | 12,216 | Common | NONE |
| 654106103 | NKE | NIKE INC | $500,283 | 0.26% | 6,834 | Common | NONE |
| 88579Y101 | MMM | 3M CO | $469,220 | 0.25% | 3,014 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $447,761 | 0.24% | 1,554 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $351,433 | 0.19% | 732 | Common | NONE |
| 828806109 | SPG | SIMON PPTY GROUP INC NEW | $333,307 | 0.18% | 1,794 | Common | NONE |
| 921910816 | MGK | VANGUARD WORLD FD | $319,596 | 0.17% | 792 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $297,337 | 0.16% | 446 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $295,749 | 0.16% | 744 | Common | NONE |
| 92189F643 | MOAT | VANECK ETF TRUST | $281,126 | 0.15% | 2,820 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $274,943 | 0.15% | 1,072 | Common | NONE |
| 37637Q105 | GBCI | GLACIER BANCORP INC NEW | $244,234 | 0.13% | 5,059 | Common | NONE |
| 931142103 | WMT | WALMART INC | $236,878 | 0.12% | 2,340 | Common | NONE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $232,451 | 0.12% | 294 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $211,117 | 0.11% | 879 | Common | NONE |
| 87971M103 | TU | TELUS CORPORATION | $189,464 | 0.10% | 11,999 | Common | NONE |
| 36240A101 | GUT | GABELLI UTIL TR | $166,268 | 0.09% | 27,437 | Common | NONE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $11,650 | 0.01% | 10,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.