Piedmont Capital Management, LLC/NC
Long book
$149.9M
Q1 2026
Positions
119
Top-10 weight
57%
concentration
Last quarter
+12.9%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsPiedmont Capital Management, LLC/NC is a wealth-management firm allocating client money, running a $149.9M US long book across 119 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, BERKSHIRE HATHAWAY INC-CL A, VANGUARD FTSE DEVELOPED ETF, FRANKLIN U.S. MID CAP MULTIF, FRANKLIN INTERNATIONAL LOW V.
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
Q4 2025
-3.0%
Q1 2026
+12.9%
Sector allocation
Financials 35%
Technology 31%
Consumer discretionary 7%
Industrials 5%
Healthcare 4%
Energy 4%
Consumer staples 4%
Services media 3%
Long book by quarter
What does Piedmont Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 17 | $12.2M | 8.1% | Held |
| NVDA NVIDIA CORP | Technology | 22.6K | $3.9M | 2.6% | -0.2% |
| AAPL APPLE INC | Technology | 15.4K | $3.9M | 2.6% | -3.9% |
| MSFT MICROSOFT CORP | Technology | 7.8K | $2.9M | 1.9% | +2.2% |
| GOOGL ALPHABET INC-CL A | Technology | 9.4K | $2.7M | 1.8% | +3.2% |
| AXP AMERICAN EXPRESS CO | Financials | 7.0K | $2.1M | 1.4% | -0.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.7K | $1.8M | 1.2% | 0.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.1K | $1.5M | 1.0% | +1.5% |
| META META PLATFORMS INC-CLASS A | Technology | 2.1K | $1.2M | 0.8% | +13.1% |
| FXNC FIRST NATIONAL CORP/VA | Financials | 43.0K | $1.2M | 0.8% | Held |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 2.3K | $1.1M | 0.7% | Held |
| AVGO BROADCOM INC | Technology | 3.2K | $976K | 0.7% | +0.2% |
| HD HOME DEPOT INC | Consumer discretionary | 3.0K | $976K | 0.7% | +5.5% |
| BAC BANK OF AMERICA CORP | Financials | 17.2K | $839K | 0.6% | Held |
| LLY ELI LILLY & CO | Healthcare | 892 | $820K | 0.5% | +3.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.9K | $805K | 0.5% | +2.4% |
| TSLA TESLA INC | Industrials | 2.1K | $776K | 0.5% | +3.4% |
| XOM EXXON MOBIL CORP | Energy | 4.5K | $764K | 0.5% | +4.7% |
| WMT WALMART INC | Consumer discretionary | 5.8K | $724K | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 2.4K | $710K | 0.5% | +2.0% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 5.9K | $698K | 0.5% | Held |
| MS MORGAN STANLEY | Financials | 4.2K | $692K | 0.5% | Held |
| WEST WESTROCK COFFEE CO | Consumer staples | 151.4K | $643K | 0.4% | -4.4% |
| ORCL ORACLE CORP | Technology | 4.4K | $640K | 0.4% | +14.8% |
| V VISA INC-CLASS A SHARES | Services media | 2.0K | $599K | 0.4% | +14.0% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 1.3K | $587K | 0.4% | Held |
| TFC TRUIST FINANCIAL CORP | Financials | 12.7K | $584K | 0.4% | -1.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 4.0K | $578K | 0.4% | -0.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.3K | $553K | 0.4% | +4.1% |
| ADI ANALOG DEVICES INC | Technology | 1.7K | $550K | 0.4% | +14.1% |
| AMAT APPLIED MATERIALS INC | Technology | 1.6K | $539K | 0.4% | Held |
| CVX CHEVRON CORP | Energy | 2.6K | $539K | 0.4% | +0.3% |
| DASH DOORDASH INC - A | Services media | 3.5K | $521K | 0.3% | -0.1% |
| MRK MERCK & CO. INC. | Healthcare | 4.3K | $514K | 0.3% | -5.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.7K | $501K | 0.3% | +17.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 2.5K | $500K | 0.3% | +2.8% |
| MA MASTERCARD INC - A | Services media | 971 | $485K | 0.3% | -1.3% |
| ABBV ABBVIE INC | Healthcare | 2.2K | $484K | 0.3% | +26.9% |
| CB CHUBB LTD | Financials | 1.5K | $475K | 0.3% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.3K | $455K | 0.3% | +4.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 451 | $449K | 0.3% | -2.2% |
| CSCO CISCO SYSTEMS INC | Technology | 5.7K | $445K | 0.3% | +3.2% |
| NFLX NETFLIX INC | Services media | 4.4K | $426K | 0.3% | +22.6% |
| COP CONOCOPHILLIPS | Energy | 3.2K | $418K | 0.3% | +0.6% |
| EOG EOG RESOURCES INC | Energy | 2.9K | $413K | 0.3% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 293 | $387K | 0.3% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 3.9K | $362K | 0.2% | +2.0% |
| RTX RTX CORP | Industrials | 1.8K | $338K | 0.2% | +1.2% |
| MO ALTRIA GROUP INC | Consumer staples | 5.1K | $336K | 0.2% | -1.6% |
| WFC WELLS FARGO & CO | Financials | 4.1K | $330K | 0.2% | Held |