Piedmont Capital Management, LLC
Long book
$196.6M
Q1 2026
Positions
50
Top-10 weight
79%
concentration
Last quarter
+6.2%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsPiedmont Capital Management, LLC is a wealth-management firm allocating client money, running a $196.6M US long book across 50 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD HIGH DVD YIELD ETF, STATE STREET SPDR EURO STOXX, PUTNAM FOCUSED LRG CAP VALUE, SPDR GOLD MINISHARES TRUST, ISHARES CORE MSCI EAFE ETF.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.8%
Q2 2024
+5.8%
Q3 2024
+0.8%
Q4 2024
-1.7%
Q1 2025
+4.4%
Q2 2025
+7.7%
Q3 2025
+4.3%
Q4 2025
-0.1%
Q1 2026
+6.2%
Sector allocation
Technology 25%
Healthcare 23%
Energy 12%
Financials 10%
Consumer staples 8%
Communications 8%
Services media 5%
Consumer discretionary 3%
Long book by quarter
What does Piedmont Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CSCO CISCO SYSTEMS INC | Technology | 21.1K | $1.7M | 0.9% | -4.8% |
| KO COCA-COLA CO/THE | Consumer staples | 17.8K | $1.4M | 0.7% | -1.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 27.8K | $1.4M | 0.7% | +2.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.6K | $1.4M | 0.7% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 10.2K | $1.2M | 0.6% | +4.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 4.7K | $1.2M | 0.6% | -4.2% |
| CVX CHEVRON CORP | Energy | 5.7K | $1.1M | 0.6% | +5.9% |
| XOM EXXON MOBIL CORP | Energy | 6.0K | $970K | 0.5% | -1.2% |
| AMGN AMGEN INC | Healthcare | 2.7K | $923K | 0.5% | 0.0% |
| STN STANTEC INC | Services media | 10.5K | $920K | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 2.4K | $698K | 0.4% | Held |
| MSFT MICROSOFT CORP | Technology | 1.8K | $672K | 0.3% | +3.9% |
| AAPL APPLE INC | Technology | 2.3K | $589K | 0.3% | +112.0% |
| CAT CATERPILLAR INC | Industrials | 732 | $524K | 0.3% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.8K | $520K | 0.3% | +2.3% |
| MMM 3M CO | Healthcare | 3.0K | $437K | 0.2% | Held |
| NKE NIKE INC -CL B | Other | 6.8K | $300K | 0.2% | +5.0% |
| WMT WALMART INC | Consumer discretionary | 2.3K | $296K | 0.2% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 898 | $292K | 0.1% | +17.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 294 | $255K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.8K | $254K | 0.1% | New |
| ORCL ORACLE CORP | Technology | 1.6K | $231K | 0.1% | +0.1% |
| GBCI GLACIER BANCORP INC | Financials | 4.6K | $211K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 50 | $196.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 52 | $196.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 53 | $189.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 55 | $172.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 46 | $139.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 52 | $165.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 51 | $165.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 46 | $147.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 46 | $147.4M | canonical | SEC ↗ |