CIK: 0002108281
Total reported value
$149.9M
Reporting period: 2026-03-31 · Number of holdings: 119
Piedmont Capital Management, LLC/NC disclosed 119 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $149.9M and a quarterly turnover rate of 10.7%.
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Piedmont Capital Management, LLC/NC's disclosed holdings carry a Herfindahl concentration index of 0.048 — mathematically equivalent to about 21 equally-sized positions, well below its 119 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.17), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 29% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add LVHI
+5.4% $957.2K
Trim VOO
-0.5% -$1.2M
Add VEA
+4.5% $696.5K
Trim MSFT
+2.2% -$800.1K
Trim EAGL
-6.8% -$518.0K
Trim AXP
-0.1% -$474.3K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 14.21% | -0.56% | -0.51% | |
| 2 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 8.15% | -0.29% | — | |
| 3 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 6.91% | +0.56% | +4.52% | |
| 4 | FLQM | Franklin U.s. Mid Cap Multif | ETF-Other | 6.51% | -0.02% | +0.65% | |
| 5 | LVHI | Franklin International Low V | ETF-Other | 4.62% | +0.70% | +5.40% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.54% | -0.16% | — | |
| 7 | IWD | Ishares Russell 1000 Value E | ETF-Other | 3.92% | +0.12% | — | |
| 8 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 3.19% | -0.11% | +0.05% | |
| 9 | NVDA | Nvidia CORP | Stock-Tech | 2.63% | -0.14% | -0.20% | |
| 10 | AAPL | Apple INC | Stock-Tech | 2.60% | -0.26% | -3.91% | |
| 11 | SCHG | Schwab US Large-cap Growth | ETF-Other | 2.44% | -0.12% | +4.94% | |
| 12 | EAGL | Eagle Capital Select Eqty | ETF-Other | 2.38% | -0.30% | -6.84% | |
| 13 | MSFT | Microsoft CORP | Stock-Tech | 1.92% | -0.49% | +2.19% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.81% | -0.07% | +3.22% | |
| 15 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 1.80% | +0.21% | -0.23% | |
| 16 | AXP | American Express Co | Stock-Financials | 1.41% | -0.30% | -0.06% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.20% | -0.04% | -0.03% | |
| 18 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.98% | -0.08% | +1.53% | |
| 19 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.92% | -0.07% | -4.53% | |
| 20 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.81% | — | +13.07% | |
| 21 | FXNC | First National Corp/va | Stock-Other | 0.77% | — | — | |
| 22 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 0.74% | -0.13% | — | |
| 23 | VB | Vanguard Small-cap ETF | ETF-Other | 0.68% | — | — | |
| 24 | AVGO | Broadcom INC | Stock-Tech | 0.65% | -0.07% | +0.19% | |
| 25 | HD | Home Depot INC | Stock-Consumer Disc | 0.65% | — | +5.55% | |
| 26 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.64% | +0.08% | +1.13% | |
| 27 | BAC | Bank Of America CORP | Stock-Financials | 0.56% | -0.06% | — | |
| 28 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.55% | -0.06% | +3.72% | |
| 29 | SCHV | Schwab US Large-cap Value | ETF-Other | 0.54% | — | — | |
| 30 | PM | Philip Morris International | Stock-Consumer Staples | 0.54% | — | +2.44% | |
| 31 | TSLA | Tesla INC | Stock-Consumer Disc | 0.52% | -0.08% | +3.42% | |
| 32 | XOM | Exxon Mobil CORP | Stock-Energy | 0.51% | +0.17% | +4.72% | |
| 33 | WMT | Walmart INC | Stock-Consumer Staples | 0.48% | — | — | |
| 34 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.47% | — | +1.98% | |
| 35 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.47% | — | — | |
| 36 | MS | Morgan Stanley | Stock-Financials | 0.46% | — | — | |
| 37 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.43% | +0.28% | +175.85% | |
| 38 | WEST | Westrock Coffee Co | Stock-Other | 0.43% | — | -4.42% | |
| 39 | ORCL | Oracle CORP | Stock-Tech | 0.43% | -0.06% | +14.77% | |
| 40 | V | Visa Inc-class A Shares | Stock-Financials | 0.40% | — | +13.97% | |
| 41 | AMP | Ameriprise Financial INC | Stock-Financials | 0.39% | — | — | |
| 42 | TFC | Truist Financial CORP | Stock-Financials | 0.39% | — | -1.20% | |
| 43 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.39% | — | -0.84% | |
| 44 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.37% | +0.07% | +4.09% | |
| 45 | DGRO | Ishares Core Dividend Growth | ETF-Other | 0.37% | +0.37% | NEW | |
| 46 | ADI | Analog Devices INC | Stock-Tech | 0.37% | +0.10% | +14.12% | |
| 47 | AMAT | Applied Materials INC | Stock-Tech | 0.36% | +0.09% | — | |
| 48 | CVX | Chevron CORP | Stock-Energy | 0.36% | +0.10% | +0.35% | |
| 49 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.35% | — | -0.10% | |
| 50 | DASH | Doordash INC - A | Stock-Consumer Disc | 0.35% | -0.17% | -0.09% |
Performance for Q3 2026
+4.4%
Performance Last 4 Quarters
+8.4%
Based on 5 months of available history
Based on 75% of reported portfolio value with available pricing
Piedmont Capital Management, LLC/NC's most significant position changes for 2026-03-31: New buy: Ishares Core Dividend Growth (DGRO); Sold out: Norfolk Southern CORP (NSC); New buy: Totalenergies Se (TTE); New buy: Deere & Co (DE); New buy: Eaton Corporation plc (ETN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LVHI | Franklin International Low V | +0.7% | +5.40% | Add |
| 2 | VEA | Vanguard Ftse Developed ETF | +0.6% | +4.52% | Add |
| 3 | IWR | Ishares Russell Mid-cap ETF | +0.3% | +175.85% | Add |
| 4 | SCHD | Schwab US Dvd Equity ETF | +0.2% | -0.23% | Trim |
| 5 | XOM | Exxon Mobil CORP | +0.2% | +4.72% | Add |
| 6 | IWD | Ishares Russell 1000 Value E | +0.1% | — | Unchanged |
| 7 | IJR | Ishares Core S&p Small-cap E | +0.1% | +31875.00% | Add |
| 8 | CVX | Chevron CORP | +0.1% | +0.35% | Add |
| 9 | ADI | Analog Devices INC | +0.1% | +14.12% | Add |
| 10 | AMAT | Applied Materials INC | +0.1% | — | Unchanged |
| 11 | COP | Conocophillips | +0.1% | +0.63% | Add |
| 12 | EOG | Eog Resources INC | +0.1% | — | Unchanged |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +1.13% | Add |
| 14 | JNJ | Johnson & Johnson | +0.1% | +4.09% | Add |
| 15 | CAT | Caterpillar INC | +0.1% | +16.75% | Add |
| 16 | NFLX | Netflix INC | +0.1% | +22.63% | Add |
| 17 | ABBV | Abbvie INC | +0.1% | +26.91% | Add |
| 18 | FLQM | Franklin U.s. Mid Cap Multif | 0% | +0.65% | Add |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -0.03% | Trim |
| 20 | BAC | Bank Of America CORP | -0.1% | — | Unchanged |
| 21 | LLY | Eli Lilly & Co | -0.1% | +3.72% | Add |
| 22 | ORCL | Oracle CORP | -0.1% | +14.77% | Add |
| 23 | GOOGL | Alphabet Inc-cl A | -0.1% | +3.22% | Add |
| 24 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -4.53% | Trim |
| 25 | AVGO | Broadcom INC | -0.1% | +0.19% | Add |
| 26 | AMZN | Amazon.com INC | -0.1% | +1.53% | Add |
| 27 | TSLA | Tesla INC | -0.1% | +3.42% | Add |
| 28 | IVV | Ishares Core S&p 500 ETF | -0.1% | +0.05% | Add |
| 29 | SCHG | Schwab US Large-cap Growth | -0.1% | +4.94% | Add |
| 30 | SPOT | Spotify Technology S.A. | -0.1% | — | Unchanged |
| 31 | NVDA | Nvidia CORP | -0.1% | -0.20% | Trim |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | — | Unchanged |
| 33 | DASH | Doordash INC - A | -0.2% | -0.09% | Trim |
| 34 | AAPL | Apple INC | -0.3% | -3.91% | Trim |
| 35 | BRK-A | Berkshire Hathaway Inc-cl A | -0.3% | — | Unchanged |
| 36 | EAGL | Eagle Capital Select Eqty | -0.3% | -6.84% | Trim |
| 37 | AXP | American Express Co | -0.3% | -0.06% | Trim |
| 38 | MSFT | Microsoft CORP | -0.5% | +2.19% | Add |
| 39 | VOO | Vanguard S&p 500 ETF | -0.6% | -0.51% | Trim |
| 40 | DGRO | Ishares Core Dividend Growth | — | NEW | New buy |
| 41 | NSC | Norfolk Southern CORP | — | EXIT | Sold out |
| 42 | TTE | Totalenergies Se | — | NEW | New buy |
| 43 | DE | Deere & Co | — | NEW | New buy |
| 44 | ETN | Eaton Corporation plc | — | NEW | New buy |
| 45 | SPGI | S&p Global INC | — | EXIT | Sold out |
| 46 | CRM | Salesforce INC | — | EXIT | Sold out |
| 47 | UNH | Unitedhealth Group INC | — | EXIT | Sold out |
| 48 | EFV | Ishares Msci Eafe Value ETF | — | NEW | New buy |
| 49 | LIN | Linde plc | — | NEW | New buy |
| 50 | ISRG | Intuitive Surgical INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-21 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
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