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Piedmont Capital Management, LLC

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13F filer, CIK 1656150, WHITEFISH, MT

Piedmont Capital Management, LLC reported $196,622,980 across 50 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 78.58% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001656150-26-000002

Period
2026-03-31
Reported value
$197M
Holdings
50
Top 10 weight
78.58%
New
5
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PVALnew+486,775$22.8M
RWRnew+132,183$13.6M
FRDMnew+72,198$4.02M
IWCnew+23,888$3.91M
FLOTadded+14,015$712K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VUGexited-48,641-$23.7M
VOOexited-22,224-$13.9M
IWPreduced-55,400-$7.19M
SLVexited-20,120-$1.3M
GLDexited-2,715-$1.08M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001656150-26-000002, largest first. % of portfolio is the value over $196,622,980, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VYMVANGUARD WHITEHALL FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 160,622 shares; 2024Q4: 162,237 shares; 2025Q1: 168,004 shares; 2025Q2: 169,103 shares; 2025Q3: 164,946 shares; 2025Q4: 164,293 shares; 2026Q1: 163,823 shares 163,823$24.3M12.36%-470Timeline
FEZSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 342,504 shares; 2025Q3: 370,047 shares; 2025Q4: 373,009 shares; 2026Q1: 382,422 shares 382,422$24M12.23%+9,413Timeline
PVALPUTNAM ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 486,775 shares 486,775$22.8M11.59%newTimeline
GLDMWORLD GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 237,906 shares; 2024Q4: 237,864 shares; 2025Q1: 235,622 shares; 2025Q2: 236,683 shares; 2025Q3: 236,351 shares; 2025Q4: 228,164 shares; 2026Q1: 222,303 shares 222,303$20.5M10.44%-5,861Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 177,146 shares; 2025Q2: 176,647 shares; 2025Q3: 179,925 shares; 2025Q4: 179,528 shares; 2026Q1: 180,252 shares 180,252$16.6M8.42%+724Timeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 160,664 shares; 2025Q2: 159,335 shares; 2025Q3: 156,610 shares; 2025Q4: 153,821 shares; 2026Q1: 147,996 shares 147,996$13.9M7.09%-5,825Timeline
RWRSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 110,617 shares; 2024Q4: 111,512 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 132,183 shares 132,183$13.6M6.9%newTimeline
FLOTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 153,693 shares; 2024Q4: 158,988 shares; 2025Q1: 164,919 shares; 2025Q2: 168,878 shares; 2025Q3: 176,707 shares; 2025Q4: 182,569 shares; 2026Q1: 196,584 shares 196,584$9.98M5.08%+14,015Timeline
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 169,113 shares; 2024Q4: 172,372 shares; 2025Q1: 190,694 shares; 2025Q2: 199,331 shares; 2025Q3: 210,031 shares; 2025Q4: 224,508 shares; 2026Q1: 232,234 shares 232,234$4.76M2.42%+7,726Timeline
FRDMEA SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 72,198 shares 72,198$4.02M2.04%newTimeline
IWCISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 23,888 shares 23,888$3.91M1.99%newTimeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 9,883 shares; 2024Q4: 10,129 shares; 2025Q1: 10,099 shares; 2025Q2: 10,093 shares; 2025Q3: 10,064 shares; 2025Q4: 10,171 shares; 2026Q1: 10,270 shares 10,270$3.34M1.7%+99Timeline
ANGLVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 87,131 shares; 2024Q4: 90,106 shares; 2025Q1: 91,563 shares; 2025Q2: 95,164 shares; 2025Q3: 101,801 shares; 2025Q4: 108,554 shares; 2026Q1: 113,524 shares 113,524$3.28M1.67%+4,970Timeline
CLOIVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 36,505 shares; 2024Q4: 38,912 shares; 2025Q1: 44,604 shares; 2025Q2: 46,792 shares; 2025Q3: 49,292 shares; 2025Q4: 53,776 shares; 2026Q1: 55,966 shares 55,966$2.94M1.5%+2,190Timeline
ISHARES TRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 46,122 shares; 2024Q4: 47,124 shares; 2025Q1: 48,052 shares; 2025Q2: 47,998 shares; 2025Q3: 47,649 shares; 2025Q4: 47,346 shares; 2026Q1: 46,360 shares 46,360$2.79M1.42%-986
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 22,721 shares; 2024Q4: 22,643 shares; 2025Q1: 22,392 shares; 2025Q2: 22,068 shares; 2025Q3: 22,379 shares; 2025Q4: 22,121 shares; 2026Q1: 21,051 shares 21,051$1.68M0.85%-1,070Timeline
VIGVANGUARD SPECIALIZED FUNDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,375 shares; 2024Q4: 6,854 shares; 2025Q1: 6,832 shares; 2025Q2: 6,950 shares; 2025Q3: 7,341 shares; 2025Q4: 7,512 shares; 2026Q1: 7,581 shares 7,581$1.64M0.83%+69Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 17,181 shares; 2024Q4: 17,108 shares; 2025Q1: 17,110 shares; 2025Q2: 17,663 shares; 2025Q3: 18,194 shares; 2025Q4: 17,931 shares; 2026Q1: 17,753 shares 17,753$1.37M0.7%-178Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 27,823 shares; 2024Q4: 27,750 shares; 2025Q1: 27,356 shares; 2025Q2: 27,084 shares; 2025Q3: 27,602 shares; 2025Q4: 27,214 shares; 2026Q1: 27,763 shares 27,763$1.37M0.7%+549Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,578 shares; 2024Q4: 3,563 shares; 2025Q1: 3,538 shares; 2025Q2: 5,438 shares; 2025Q3: 5,585 shares; 2025Q4: 5,568 shares; 2026Q1: 5,579 shares 5,579$1.35M0.69%+11Timeline
AORISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 23,433 shares; 2024Q4: 23,216 shares; 2025Q1: 23,048 shares; 2025Q2: 23,190 shares; 2025Q3: 22,836 shares; 2025Q4: 23,407 shares; 2026Q1: 20,278 shares 20,278$1.31M0.67%-3,129Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,692 shares; 2024Q4: 3,692 shares; 2025Q1: 3,694 shares; 2025Q2: 9,494 shares; 2025Q3: 9,949 shares; 2025Q4: 9,751 shares; 2026Q1: 10,164 shares 10,164$1.23M0.62%+413Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,492 shares; 2024Q4: 5,421 shares; 2025Q1: 5,365 shares; 2025Q2: 4,758 shares; 2025Q3: 4,840 shares; 2025Q4: 4,924 shares; 2026Q1: 4,719 shares 4,719$1.16M0.59%-205Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,226 shares; 2024Q4: 5,170 shares; 2025Q1: 5,170 shares; 2025Q2: 5,322 shares; 2025Q3: 5,356 shares; 2025Q4: 5,404 shares; 2026Q1: 5,725 shares 5,725$1.13M0.58%+321Timeline
INVESCO QQQ TRINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,726 shares; 2024Q4: 1,814 shares; 2025Q1: 1,781 shares; 2025Q2: 1,724 shares; 2025Q3: 1,790 shares; 2025Q4: 1,827 shares; 2026Q1: 1,840 shares 1,840$1.08M0.55%+13
BNDVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 12,231 shares; 2024Q4: 13,320 shares; 2025Q1: 13,285 shares; 2025Q2: 13,212 shares; 2025Q3: 14,377 shares; 2025Q4: 14,599 shares; 2026Q1: 14,669 shares 14,669$1.08M0.55%+70Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,031 shares; 2024Q4: 6,033 shares; 2025Q1: 6,014 shares; 2025Q2: 6,016 shares; 2025Q3: 5,978 shares; 2025Q4: 6,062 shares; 2026Q1: 5,987 shares 5,987$970K0.49%-75Timeline
VNQVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 11,261 shares; 2024Q4: 11,093 shares; 2025Q1: 10,709 shares; 2025Q2: 10,780 shares; 2025Q3: 10,333 shares; 2025Q4: 10,292 shares; 2026Q1: 10,244 shares 10,244$927K0.47%-48Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,624 shares; 2024Q4: 2,586 shares; 2025Q1: 2,567 shares; 2025Q2: 2,622 shares; 2025Q3: 2,687 shares; 2025Q4: 2,688 shares; 2026Q1: 2,687 shares 2,687$923K0.47%-1Timeline
STNSTANTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 10,458 shares; 2024Q4: 10,458 shares; 2025Q1: 10,458 shares; 2025Q2: 10,458 shares; 2025Q3: 10,458 shares; 2025Q4: 10,458 shares; 2026Q1: 10,458 shares 10,458$920K0.47%0Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 856 shares; 2024Q4: 882 shares; 2025Q1: 908 shares; 2025Q2: 931 shares; 2025Q3: 950 shares; 2025Q4: 1,100 shares; 2026Q1: 1,231 shares 1,231$814K0.41%+131Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,396 shares; 2024Q4: 2,396 shares; 2025Q1: 2,387 shares; 2025Q2: 2,328 shares; 2025Q3: 2,328 shares; 2025Q4: 2,357 shares; 2026Q1: 2,357 shares 2,357$698K0.36%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,729 shares; 2024Q4: 1,729 shares; 2025Q1: 1,670 shares; 2025Q2: 1,803 shares; 2025Q3: 1,699 shares; 2025Q4: 1,739 shares; 2026Q1: 1,806 shares 1,806$672K0.34%+67Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 930 shares; 2024Q4: 930 shares; 2025Q1: not reported; 2025Q2: 1,090 shares; 2025Q3: 1,072 shares; 2025Q4: 1,072 shares; 2026Q1: 2,273 shares 2,273$589K0.3%+1,201Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 732 shares; 2024Q4: 732 shares; 2025Q1: 732 shares; 2025Q2: 732 shares; 2025Q3: 732 shares; 2025Q4: 732 shares; 2026Q1: 732 shares 732$524K0.27%0Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,739 shares; 2025Q3: 1,821 shares; 2025Q4: 1,804 shares; 2026Q1: 1,846 shares 1,846$520K0.26%+42Timeline
MMM3M COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 9,045 shares; 2024Q4: 8,816 shares; 2025Q1: 8,661 shares; 2025Q2: 3,014 shares; 2025Q3: 3,014 shares; 2025Q4: 3,014 shares; 2026Q1: 3,014 shares 3,014$437K0.22%0Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,846 shares; 2024Q4: 1,849 shares; 2025Q1: 1,851 shares; 2025Q2: 1,791 shares; 2025Q3: 1,794 shares; 2025Q4: 1,796 shares; 2026Q1: 1,799 shares 1,799$341K0.17%+3Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,595 shares; 2025Q3: 6,834 shares; 2025Q4: 6,476 shares; 2026Q1: 6,802 shares 6,802$300K0.15%+326Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,374 shares; 2025Q1: not reported; 2025Q2: 2,340 shares; 2025Q3: 2,340 shares; 2025Q4: 2,340 shares; 2026Q1: 2,340 shares 2,340$296K0.15%0Timeline
MGKVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 124,438 shares; 2024Q4: 126,385 shares; 2025Q1: not reported; 2025Q2: 792 shares; 2025Q3: 792 shares; 2025Q4: 792 shares; 2026Q1: 792 shares 792$295K0.15%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 503 shares; 2024Q4: 503 shares; 2025Q1: 503 shares; 2025Q2: 503 shares; 2025Q3: 446 shares; 2025Q4: 446 shares; 2026Q1: 446 shares 446$293K0.15%0Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,053 shares; 2024Q4: 1,053 shares; 2025Q1: 1,054 shares; 2025Q2: 744 shares; 2025Q3: 744 shares; 2025Q4: 763 shares; 2026Q1: 898 shares 898$292K0.15%+135Timeline
IWPISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 59,232 shares; 2025Q1: 62,074 shares; 2025Q2: 61,082 shares; 2025Q3: 57,797 shares; 2025Q4: 57,629 shares; 2026Q1: 2,229 shares 2,229$289K0.15%-55,400Timeline
MOATVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,880 shares; 2024Q4: 2,820 shares; 2025Q1: 2,820 shares; 2025Q2: 2,820 shares; 2025Q3: 2,820 shares; 2025Q4: 2,820 shares; 2026Q1: 2,820 shares 2,820$273K0.14%0Timeline
GSGOLDMAN SACHS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 848 shares; 2024Q4: 704 shares; 2025Q1: 688 shares; 2025Q2: 294 shares; 2025Q3: 294 shares; 2025Q4: 294 shares; 2026Q1: 294 shares 294$255K0.13%0Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,281 shares; 2024Q4: 1,281 shares; 2025Q1: 1,281 shares; 2025Q2: 1,320 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,783 shares 1,783$254K0.13%newTimeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,391 shares; 2024Q4: 1,392 shares; 2025Q1: not reported; 2025Q2: 1,553 shares; 2025Q3: 1,554 shares; 2025Q4: 1,596 shares; 2026Q1: 1,597 shares 1,597$231K0.12%+1Timeline
GBCIGLACIER BANCORP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,032 shares; 2024Q4: 5,256 shares; 2025Q1: not reported; 2025Q2: 5,048 shares; 2025Q3: 5,059 shares; 2025Q4: 4,590 shares; 2026Q1: 4,590 shares 4,590$211K0.11%0Timeline
GUTGABELLI UTIL TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 24,710 shares; 2024Q4: 24,710 shares; 2025Q1: 24,710 shares; 2025Q2: 27,437 shares; 2025Q3: 27,437 shares; 2025Q4: 27,437 shares; 2026Q1: 24,977 shares 24,977$150K0.08%-2,460Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VUGVANGUARD INDEX FDS48,641$23.7Mshares
VOOVANGUARD INDEX FDS22,224$13.9Mshares
SLVISHARES SILVER TR20,120$1.3Mshares
GLDSPDR GOLD TR2,715$1.08Mshares
XLRESELECT SECTOR SPDR TR13,357$539Kshares
ABBVABBVIE INC889$203Kshares
TUTELUS CORPORATION11,999$158Kshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001656150-26-000002 base2026-05-15acceptance time not in the bulk data set