Piedmont Capital Management, LLC/NC

GREENSBORO, NC · CIK 2108281 · 13F filing filed 2026-04-21

SEC-registered investment adviser since 2017 · limited liability company

Assets managed$495.6m
Staff24 · 3 in investment roles
Main clients (by assets)High net worth individuals 66%, Private funds 24%, Companies 4%
Private funds1 · $118.9m gross assets
Main officeGreenboro, NC
Websitepiedmonttrust.com
Form ADV · 2026-03-19SEC adviser record

Kindwealth
Others nearbyGreensboro, NC

As an employer

Offices in1 country
Private fundsother private 1

$149.9m reported value -1.5% vs Q4 2025

119positions

57.3%in top 10

9 new 41 added 26 reduced 5 sold out vs Q4 2025

Holdings, Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	35,628	$21.3m14.21%	14.21%	Reduced -184	-184 -0.5%
2	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	17	$12.2m8.15%	8.15%	Unchanged
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	161,623	$10.4m6.91%	6.91%	Added +7.0k	+6,984 4.5%
4	FRANKLIN TEMPLETON ETF TR US MID CP MLTFCT FLQM	FLQM	177,715	$9.8m6.51%	6.51%	Added +1.1k	+1,143 0.7%
5	LEGG MASON ETF INVT FRANKLIN INTL LW LVHI	LVHI	170,711	$6.9m4.62%	4.62%	Added +8.8k	+8,750 5.4%
6	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	10,473	$6.8m4.54%	4.54%	Unchanged
7	ISHARES TR RUS 1000 VAL ETF IWD	IWD	27,500	$5.9m3.92%	3.92%	Unchanged
8	ISHARES TR CORE S&P500 ETF IVV	IVV	7,325	$4.8m3.19%	3.19%	Added +4	+4 0.1%
9	NVIDIA CORPORATION COM NVDA	NVDA	22,583	$3.9m2.63%	2.63%	Reduced -46	-46 -0.2%
10	APPLE INC COM AAPL	AAPL	15,371	$3.9m2.60%	2.60%	Reduced -625	-625 -3.9%
11	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	125,422	$3.7m2.44%	2.44%	Added +5.9k	+5,900 4.9%
12	2023 ETF SERIES TRUST EAGLE CAPITAL SE EAGL	EAGL	117,065	$3.6m2.38%	2.38%	Reduced -8.6k	-8,600 -6.8%
13	MICROSOFT CORP COM MSFT	MSFT	7,760	$2.9m1.92%	1.92%	Added +166	+166 2.2%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	9,422	$2.7m1.81%	1.81%	Added +294	+294 3.2%
15	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	87,980	$2.7m1.80%	1.80%	Reduced -200	-200 -0.2%
16	AMERICAN EXPRESS CO COM AXP	AXP	7,008	$2.1m1.41%	1.41%	Reduced -4	-4 -0.1%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,742	$1.8m1.20%	1.20%	Reduced -1	-1 -0.0%
18	AMAZON COM INC COM AMZN	AMZN	7,080	$1.5m0.98%	0.98%	Added +107	+107 1.5%
19	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	4,278	$1.4m0.92%	0.92%	Reduced -203	-203 -4.5%
20	META PLATFORMS INC CL A META	META	2,111	$1.2m0.81%	0.81%	Added +244	+244 13.1%
21	FIRST NATL CORP VA COM FXNC	FXNC	42,955	$1.2m0.77%	0.77%	Unchanged
22	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	2,285	$1.1m0.74%	0.74%	Unchanged
23	VANGUARD INDEX FDS SMALL CP ETF VB	VB	3,900	$1.0m0.68%	0.68%	Unchanged
24	BROADCOM INC COM AVGO	AVGO	3,154	$976.2k0.65%	0.65%	Added +6	+6 0.2%
25	HOME DEPOT INC COM HD	HD	2,967	$975.8k0.65%	0.65%	Added +156	+156 5.5%
26	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,855	$964.8k0.64%	0.64%	Added +32	+32 1.1%
27	BANK AMERICA CORP COM BAC	BAC	17,219	$839.4k0.56%	0.56%	Unchanged
28	ELI LILLY & CO COM LLY	LLY	892	$820.4k0.55%	0.55%	Added +32	+32 3.7%
29	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	26,550	$809.8k0.54%	0.54%	Unchanged
30	PHILIP MORRIS INTL INC COM PM	PM	4,867	$804.7k0.54%	0.54%	Added +116	+116 2.4%
31	TESLA INC COM TSLA	TSLA	2,088	$776.2k0.52%	0.52%	Added +69	+69 3.4%
32	EXXON MOBIL CORP COM XOM	XOM	4,502	$763.8k0.51%	0.51%	Added +203	+203 4.7%
33	WALMART INC COM WMT	WMT	5,827	$724.2k0.48%	0.48%	Unchanged
34	JPMORGAN CHASE & CO COM JPM	JPM	2,415	$710.4k0.47%	0.47%	Added +47	+47 2.0%
35	BANK NEW YORK MELLON CORP COM BNY	BNY	5,882	$697.8k0.47%	0.47%	Unchanged
36	MORGAN STANLEY COM NEW MS	MS	4,205	$692.0k0.46%	0.46%	Unchanged
37	ISHARES TR RUS MID CAP ETF IWR	IWR	6,648	$646.4k0.43%	0.43%	Added +4.2k	+4,238 175.8%
38	WESTROCK COFFEE CO COM WEST	WEST	151,354	$643.3k0.43%	0.43%	Reduced -7.0k	-7,000 -4.4%
39	ORACLE CORP COM ORCL	ORCL	4,352	$640.2k0.43%	0.43%	Added +560	+560 14.8%
40	VISA INC COM CL A V	V	1,983	$599.3k0.40%	0.40%	Added +243	+243 14.0%
41	AMERIPRISE FINL INC COM AMP	AMP	1,320	$586.6k0.39%	0.39%	Unchanged
42	TRUIST FINL CORP COM TFC	TFC	12,701	$583.9k0.39%	0.39%	Reduced -154	-154 -1.2%
43	PROCTER AND GAMBLE CO COM PG	PG	4,002	$578.0k0.39%	0.39%	Reduced -34	-34 -0.8%
44	JOHNSON & JOHNSON COM JNJ	JNJ	2,264	$553.4k0.37%	0.37%	Added +89	+89 4.1%
45	ISHARES TR CORE DIV GRWTH DGRO	DGRO	7,861	$551.7k0.37%	0.37%	New
46	ANALOG DEVICES INC COM ADI	ADI	1,730	$550.4k0.37%	0.37%	Added +214	+214 14.1%
47	APPLIED MATLS INC COM AMAT	AMAT	1,578	$539.3k0.36%	0.36%	Unchanged
48	CHEVRON CORP NEW COM CVX	CVX	2,605	$539.0k0.36%	0.36%	Added +9	+9 0.3%
49	ISHARES TR CORE S&P MCP ETF IJH	IJH	7,750	$523.4k0.35%	0.35%	Reduced -8	-8 -0.1%
50	DOORDASH INC CL A DASH	DASH	3,473	$521.5k0.35%	0.35%	Reduced -3	-3 -0.1%
51	MERCK & CO INC COM MRK	MRK	4,271	$513.8k0.34%	0.34%	Reduced -253	-253 -5.6%
52	ISHARES TR CORE S&P TTL STK ITOT	ITOT	3,591	$511.5k0.34%	0.34%	Unchanged
53	ALPHABET INC CAP STK CL C GOOG	GOOG	1,747	$501.1k0.33%	0.33%	Added +256	+256 17.2%
54	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,459	$500.2k0.33%	0.33%	Added +66	+66 2.8%
55	VANGUARD WORLD FD INF TECH ETF VGT	VGT	712	$497.0k0.33%	0.33%	Unchanged
56	ISHARES TR MSCI EAFE ETF EFA	EFA	5,038	$489.3k0.33%	0.33%	Added +120	+120 2.4%
57	MASTERCARD INCORPORATED CL A MA	MA	971	$485.2k0.32%	0.32%	Reduced -13	-13 -1.3%
58	ABBVIE INC COM ABBV	ABBV	2,226	$484.1k0.32%	0.32%	Added +472	+472 26.9%
59	CHUBB LIMITED COM CB	CB	1,457	$474.9k0.32%	0.32%	Unchanged
60	TEXAS INSTRS INC COM TXN	TXN	2,346	$455.5k0.30%	0.30%	Added +110	+110 4.9%
61	COSTCO WHSL CORP NEW COM COST	COST	451	$449.4k0.30%	0.30%	Reduced -10	-10 -2.2%
62	CISCO SYS INC COM CSCO	CSCO	5,739	$445.3k0.30%	0.30%	Added +179	+179 3.2%
63	NETFLIX INC COM NFLX	NFLX	4,427	$425.7k0.28%	0.28%	Added +817	+817 22.6%
64	CONOCOPHILLIPS COM COP	COP	3,170	$418.4k0.28%	0.28%	Added +20	+20 0.6%
65	EOG RES INC COM EOG	EOG	2,856	$412.9k0.28%	0.28%	Unchanged
66	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	293	$387.0k0.26%	0.26%	Unchanged
67	NEXTERA ENERGY INC COM NEE	NEE	3,901	$362.3k0.24%	0.24%	Added +76	+76 2.0%
68	RTX CORPORATION COM RTX	RTX	1,752	$338.0k0.23%	0.23%	Added +20	+20 1.1%
69	ALTRIA GROUP INC COM MO	MO	5,097	$336.4k0.22%	0.22%	Reduced -83	-83 -1.6%
70	WELLS FARGO CO NEW COM WFC	WFC	4,140	$329.6k0.22%	0.22%	Unchanged
71	MICRON TECHNOLOGY INC COM MU	MU	966	$326.4k0.22%	0.22%	Reduced -26	-26 -2.6%
72	REPUBLIC SVCS INC COM RSG	RSG	1,487	$325.7k0.22%	0.22%	Reduced -36	-36 -2.4%
73	CATERPILLAR INC COM CAT	CAT	453	$320.9k0.21%	0.21%	Added +65	+65 16.8%
74	CITIGROUP INC COM NEW C	C	2,807	$318.3k0.21%	0.21%	Reduced -32	-32 -1.1%
75	DUKE ENERGY CORP NEW COM NEW DUK	DUK	2,420	$316.9k0.21%	0.21%	Added +170	+170 7.6%
76	MONDELEZ INTL INC CL A MDLZ	MDLZ	5,354	$308.6k0.21%	0.21%	Reduced -217	-217 -3.9%
77	TOTALENERGIES SE ACT TTE	TTE	3,381	$307.6k0.21%	0.21%	New
78	LOCKHEED MARTIN CORP COM LMT	LMT	499	$301.6k0.20%	0.20%	Added +12	+12 2.5%
79	WASTE MGMT INC DEL COM WM	WM	1,295	$297.6k0.20%	0.20%	Unchanged
80	T-MOBILE US INC COM TMUS	TMUS	1,413	$296.8k0.20%	0.20%	Unchanged
81	MCDONALDS CORP COM MCD	MCD	944	$293.4k0.20%	0.20%	Unchanged
82	DEERE & CO COM DE	DE	515	$290.1k0.19%	0.19%	New
83	PEPSICO INC COM PEP	PEP	1,849	$287.1k0.19%	0.19%	Added +144	+144 8.4%
84	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	482	$278.2k0.19%	0.19%	Unchanged
85	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	560	$275.3k0.18%	0.18%	Added +5	+5 0.9%
86	TJX COS INC NEW COM TJX	TJX	1,649	$263.3k0.18%	0.18%	Unchanged
87	ROYAL BK CDA COM RY	RY	1,624	$262.7k0.18%	0.18%	Unchanged
88	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,078	$261.3k0.17%	0.17%	Reduced -25	-25 -2.3%
89	BOEING CO COM BA	BA	1,306	$259.9k0.17%	0.17%	Added +289	+289 28.4%
90	HONEYWELL INTL INC COM COM		1,127	$254.7k0.17%	0.17%	Reduced -3	-3 -0.3%
91	ABBOTT LABS COM ABT	ABT	2,423	$248.8k0.17%	0.17%	Added +84	+84 3.6%
92	GENERAL DYNAMICS CORP COM GD	GD	721	$247.5k0.17%	0.17%	Unchanged
93	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	1,676	$245.2k0.16%	0.16%	Reduced -9	-9 -0.5%
94	EATON CORP PLC SHS ETN	ETN	670	$239.6k0.16%	0.16%	New
95	EATON VANCE TAX-MANAGED DIVE COM XETYX	XETYX	17,120	$236.1k0.16%	0.16%	Unchanged
96	HCA HEALTHCARE INC COM HCA	HCA	490	$231.9k0.15%	0.15%	Unchanged
97	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	1,070	$230.1k0.15%	0.15%	Unchanged
98	DISNEY WALT CO COM DIS	DIS	2,246	$216.5k0.14%	0.14%	Reduced -176	-176 -7.3%
99	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	489	$213.6k0.14%	0.14%	Unchanged
100	ISHARES TR EAFE VALUE ETF EFV	EFV	2,853	$212.1k0.14%	0.14%	New

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
NORFOLK SOUTHN CORP NSC	NSC	1,828	$527.8k1.8k shares
S&P GLOBAL INC SPGI	SPGI	448	$234.1k448 shares
SALESFORCE INC CRM	CRM	856	$226.8k856 shares
UNITEDHEALTH GROUP INC UNH	UNH	682	$225.1k682 shares
INTUITIVE SURGICAL INC ISRG	ISRG	362	$205.0k362 shares