Q2 2026 13F · SEC CIK 2108281

Piedmont Capital Management, LLC/NC

Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $163.8M
Reported positions: 123
Holdings vs S&P 500, 3 yrs: —
Average holding period: 3 qtrs

Piedmont Capital Management, LLC/NC is a hedge fund that reported 123 positions worth $163.8M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Vanguard S&p 500 ETF (VOO, 15.5%), Vanguard Tax-Managed Fds (VEA, 7.2%), Franklin Templeton ETF Tr (FLQM, 6.1%).

Piedmont Capital Management, LLC/NC holdings largest 50 of 123 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Piedmont Capital Management, LLC/NC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard S&p 500 ETF	15.5%	14.2%	36,924	+3.6%	$25.4M
VEAVanguard Tax-Managed Fds	7.2%	6.9%	166,333	+2.9%	$11.9M
FLQMFranklin Templeton ETF Tr	6.1%	6.5%	172,917	-2.7%	$10.0M
SPYSpdr S&p 500 ETF Tr	4.8%	4.5%	10,503	+0.3%	$7.8M
LVHIFranklin International Low Volatility Hi	4.7%	4.6%	191,357	+12.1%	$7.8M
BRK-ABerkshire Hathaway Inc Del	4.1%	8.1%	9	-47.1%	$6.7M
IWDIshares Russell 1000 Value ETF	4.1%	3.9%	27,500	+0.0%	$6.7M
IVVIshares Core S&p 500 ETF	3.3%	3.2%	7,325	+0.0%	$5.5M
AAPLApple Inc	2.7%	2.6%	15,409	+0.2%	$4.5M
NVDANvidia Corporation Com	2.7%	2.6%	22,256	-1.4%	$4.5M
SCHGSchwab U.s. Large-Cap Growth ETF	2.6%	2.4%	125,422	+0.0%	$4.2M
EAGLEagle Capital Select Equity ETF	2.4%	2.4%	121,415	+3.7%	$3.9M
GOOGLAlphabet Inc	2.0%	1.8%	9,343	-0.8%	$3.3M
SCHDSchwab Strategic Tr	1.8%	1.8%	92,985	+5.7%	$2.9M
MSFTMicrosoft Corp	1.7%	1.9%	7,510	-3.2%	$2.8M
AXPAmerican Express Co Com	1.4%	1.4%	6,882	-1.8%	$2.3M
BRK-BBerkshire Hathaway Inc Del	1.1%	1.2%	3,689	-1.4%	$1.8M
AMZNAmazon Com Inc Com	1.1%	1.0%	7,402	+4.5%	$1.8M
VTIVanguard Index Fds	1.0%	0.9%	4,383	+2.5%	$1.6M
AMDAdvanced Micro Devices Inc	0.9%	—	2,461	—	$1.4M
TSMTaiwan Semiconductor Manufac	0.9%	0.6%	2,977	+4.3%	$1.4M
MUMicron Technology Inc	0.8%	—	1,172	—	$1.4M
FXNCFirst Natl Corp Va	0.8%	0.8%	42,955	+0.0%	$1.3M
VBVanguard Indx Fd	0.7%	0.7%	3,900	+0.0%	$1.2M
AVGOBroadcom Inc	0.7%	0.7%	3,129	-0.8%	$1.2M
AMATApplied Matls Inc	0.7%	0.4%	1,578	+0.0%	$1.1M
METAMeta Platforms Inc Class A	0.7%	0.8%	1,984	-6.0%	$1.1M
WESTWestrock Coffee Co Com	0.7%	0.4%	137,488	-9.2%	$1.1M
SPOTSpotify Technology S A	0.6%	0.7%	2,300	+0.7%	$1.1M
LLYLilly Eli & Co	0.6%	0.5%	871	-2.4%	$1.0M
SCHVSchwab Strategic Tr	0.6%	0.5%	26,550	+0.0%	$924K
HDHome Depot Inc Com	0.6%	0.7%	2,604	-12.2%	$918K
MSMorgan Stanley Com New	0.5%	0.5%	4,185	-0.5%	$875K
PMPhilip Morris Intl Inc Com	0.5%	0.5%	4,722	-3.0%	$854K
BNYBank of New York Mellon Corp	0.5%	0.5%	5,865	-0.3%	$848K
TSLATesla Inc Com	0.5%	0.5%	1,987	-4.8%	$836K
GOOGAlphabet Inc	0.5%	—	2,202	—	$778K
VVisa Inc Com Cl A	0.5%	0.4%	2,201	+11.0%	$755K
JPMJpmorgan Chase & Co	0.5%	0.5%	2,268	-6.1%	$742K
IWRIshares Russell Midcap ETF	0.4%	0.4%	6,648	+0.0%	$733K
ADIAnalog Devices Inc	0.4%	0.4%	1,723	-0.4%	$684K
VGTVanguard Info Tech	0.4%	—	5,698	—	$681K
CSCOCisco Sys Inc	0.4%	—	5,669	—	$666K
BACBank of Amer Corp	0.4%	0.6%	11,421	-33.7%	$651K
CATCaterpillar Inc Com	0.4%	—	608	—	$647K
DASHDoordash Inc	0.4%	0.3%	3,467	-0.2%	$640K
TXNTexas Instruments Inc	0.4%	—	2,113	—	$630K
AMPAmeriprise Finl Inc	0.4%	0.4%	1,348	+2.1%	$618K
MRKMerck & Co. Inc	0.4%	—	4,767	—	$613K
ORCLOracle Corp	0.4%	0.4%	4,165	-4.3%	$610K

What Piedmont Capital Management, LLC/NC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$163.8M	123
Q1 2026	$149.9M	119
Q4 2025	$152.1M	115

Questions about Piedmont Capital Management, LLC/NC's portfolio

What stocks does Piedmont Capital Management, LLC/NC own?

Piedmont Capital Management, LLC/NC's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 123 positions worth $163.8M. The largest are Vanguard S&p 500 ETF (VOO) at 15.5%, Vanguard Tax-Managed Fds (VEA) at 7.2%, Franklin Templeton ETF Tr (FLQM) at 6.1%, Spdr S&p 500 ETF Tr (SPY) at 4.8% and Franklin International Low Volatility Hi (LVHI) at 4.7%.

What did Piedmont Capital Management, LLC/NC buy last quarter?

In Q2 2026, Piedmont Capital Management, LLC/NC added Franklin International Low Volatility Hi (LVHI) (+12.1% shares), Visa Inc Com Cl A (V) (+11.0% shares) and Schwab Strategic Tr (SCHD) (+5.7% shares), compared with its Q1 2026 filing.

What did Piedmont Capital Management, LLC/NC sell last quarter?

In Q2 2026, Piedmont Capital Management, LLC/NC cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Walmart Inc (WMT), cut from its top 50 Truist Financial Ord Shs (TFC), cut from its top 50 Procter & Gamble Co Com (PG), cut from its top 50 Johnson & Johnson (JNJ), Berkshire Hathaway Inc Del (BRK-A) (-47.1% shares), Bank of Amer Corp (BAC) (-33.7% shares) and Home Depot Inc Com (HD) (-12.2% shares), compared with its Q1 2026 filing.

When is Piedmont Capital Management, LLC/NC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Piedmont Capital Management, LLC/NC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.