Piedmont Capital Management, LLC

Q4 2025 13F-HR Holdings

Location
Whitefish, MT
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
52
Total value ($000)
$195,977
Net value change ($000)
+6,447 (3.4%)
New positions
0
Sold out positions
1
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/7/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GLDM 1,368 7.6%
GDX 1,083 8.9%
FEZ 827 3.6%
VUG 437 1.9%
SLV 378 41.2%
VOO 378 2.8%
VYM 355 1.5%
BKLN 325 7.4%
FLOT 291 3.2%
IEFA 278 1.8%
Top Reduces (Value $000, Stocks/ETFs)
IWP -303 -3.7%
STN -150 -13.2%
ORCL -137 -30.6%
ISHARES TR -99 -3.5%
VZ -93 -7.7%
NKE -87 -17.4%
GBCI -42 -17.2%
MSFT -37 -4.2%
VNQ -34 -3.6%
HD -34 -11.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type