Piedmont Capital Management, LLC/NC

GREENSBORO, NC · CIK 2108281 · 13F filing filed 2026-08-13

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

$163.8m reported value +9.3% vs Q1 2026

123positions

55.3%in top 10

15 new 28 added 47 reduced 11 sold out vs Q1 2026

Holdings, Q2 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	36,924	$25.4m15.48%	15.48%	Added +1.3k	+1,296 3.6%
2	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	166,333	$11.9m7.23%	7.23%	Added +4.7k	+4,710 2.9%
3	FRANKLIN TEMPLETON ETF TR US MID CP MLTFCT FLQM	FLQM	172,917	$10.0m6.11%	6.11%	Reduced -4.8k	-4,798 -2.7%
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	10,503	$7.8m4.79%	4.79%	Added +30	+30 0.3%
5	LEGG MASON ETF INVT FRANKLIN INTL LW LVHI	LVHI	191,357	$7.8m4.74%	4.74%	Added +20.6k	+20,646 12.1%
6	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	9	$6.7m4.11%	4.11%	Reduced -8	-8 -47.1%
7	ISHARES TR RUS 1000 VAL ETF IWD	IWD	27,500	$6.7m4.07%	4.07%	Unchanged
8	ISHARES TR CORE S&P500 ETF IVV	IVV	7,325	$5.5m3.35%	3.35%	Unchanged
9	APPLE INC COM AAPL	AAPL	15,409	$4.5m2.72%	2.72%	Added +38	+38 0.2%
10	NVIDIA CORPORATION COM NVDA	NVDA	22,256	$4.5m2.72%	2.72%	Reduced -327	-327 -1.4%
11	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	125,422	$4.2m2.59%	2.59%	Unchanged
12	2023 ETF SERIES TRUST EAGLE CAPITAL SE EAGL	EAGL	121,415	$3.9m2.38%	2.38%	Added +4.3k	+4,350 3.7%
13	ALPHABET INC CAP STK CL A GOOGL	GOOGL	9,343	$3.3m2.04%	2.04%	Reduced -79	-79 -0.8%
14	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	92,985	$2.9m1.80%	1.80%	Added +5.0k	+5,005 5.7%
15	MICROSOFT CORP COM MSFT	MSFT	7,510	$2.8m1.71%	1.71%	Reduced -250	-250 -3.2%
16	AMERICAN EXPRESS CO COM AXP	AXP	6,882	$2.3m1.42%	1.42%	Reduced -126	-126 -1.8%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,689	$1.8m1.13%	1.13%	Reduced -53	-53 -1.4%
18	AMAZON COM INC COM AMZN	AMZN	7,402	$1.8m1.08%	1.08%	Added +322	+322 4.5%
19	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	4,383	$1.6m0.99%	0.99%	Added +105	+105 2.5%
20	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,461	$1.4m0.87%	0.87%	Added +2	+2 0.1%
21	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,977	$1.4m0.87%	0.87%	Added +122	+122 4.3%
22	MICRON TECHNOLOGY INC COM MU	MU	1,172	$1.4m0.83%	0.83%	Added +206	+206 21.3%
23	FIRST NATL CORP VA COM FXNC	FXNC	42,955	$1.3m0.79%	0.79%	Unchanged
24	VANGUARD INDEX FDS SMALL CP ETF VB	VB	3,900	$1.2m0.72%	0.72%	Unchanged
25	BROADCOM INC COM AVGO	AVGO	3,129	$1.2m0.72%	0.72%	Reduced -25	-25 -0.8%
26	APPLIED MATLS INC COM AMAT	AMAT	1,578	$1.1m0.70%	0.70%	Unchanged
27	META PLATFORMS INC CL A META	META	1,984	$1.1m0.68%	0.68%	Reduced -127	-127 -6.0%
28	WESTROCK COFFEE CO COM WEST	WEST	137,488	$1.1m0.68%	0.68%	Reduced -13.9k	-13,866 -9.2%
29	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	2,300	$1.1m0.64%	0.64%	Added +15	+15 0.7%
30	ELI LILLY & CO COM LLY	LLY	871	$1.0m0.64%	0.64%	Reduced -21	-21 -2.4%
31	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	26,550	$924.2k0.56%	0.56%	Unchanged
32	HOME DEPOT INC COM HD	HD	2,604	$918.4k0.56%	0.56%	Reduced -363	-363 -12.2%
33	MORGAN STANLEY COM NEW MS	MS	4,185	$874.8k0.53%	0.53%	Reduced -20	-20 -0.5%
34	PHILIP MORRIS INTL INC COM PM	PM	4,722	$854.3k0.52%	0.52%	Reduced -145	-145 -3.0%
35	BANK NEW YORK MELLON CORP COM BNY	BNY	5,865	$848.1k0.52%	0.52%	Reduced -17	-17 -0.3%
36	TESLA INC COM TSLA	TSLA	1,987	$835.7k0.51%	0.51%	Reduced -101	-101 -4.8%
37	ALPHABET INC CAP STK CL C GOOG	GOOG	2,202	$778.0k0.47%	0.47%	Added +455	+455 26.0%
38	VISA INC COM CL A V	V	2,201	$755.1k0.46%	0.46%	Added +218	+218 11.0%
39	JPMORGAN CHASE & CO COM JPM	JPM	2,268	$742.4k0.45%	0.45%	Reduced -147	-147 -6.1%
40	ISHARES TR RUS MID CAP ETF IWR	IWR	6,648	$733.4k0.45%	0.45%	Unchanged
41	ANALOG DEVICES INC COM ADI	ADI	1,723	$684.3k0.42%	0.42%	Reduced -7	-7 -0.4%
42	VANGUARD WORLD FD INF TECH ETF VGT	VGT	5,698	$681.1k0.42%	0.42%	Added +2	+2 0.0%
43	CISCO SYS INC COM CSCO	CSCO	5,669	$665.9k0.41%	0.41%	Reduced -70	-70 -1.2%
44	BANK AMERICA CORP COM BAC	BAC	11,421	$650.8k0.40%	0.40%	Reduced -5.8k	-5,798 -33.7%
45	CATERPILLAR INC COM CAT	CAT	608	$647.5k0.40%	0.40%	Added +155	+155 34.2%
46	DOORDASH INC CL A DASH	DASH	3,467	$639.8k0.39%	0.39%	Reduced -6	-6 -0.2%
47	TEXAS INSTRS INC COM TXN	TXN	2,113	$629.8k0.38%	0.38%	Reduced -233	-233 -9.9%
48	AMERIPRISE FINL INC COM AMP	AMP	1,348	$618.4k0.38%	0.38%	Added +28	+28 2.1%
49	MERCK & CO INC COM MRK	MRK	4,767	$612.6k0.37%	0.37%	Added +496	+496 11.6%
50	ORACLE CORP COM ORCL	ORCL	4,165	$610.4k0.37%	0.37%	Reduced -187	-187 -4.3%
51	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	301	$598.8k0.37%	0.37%	Added +8	+8 2.7%
52	ISHARES TR CORE S&P MCP ETF IJH	IJH	7,750	$597.6k0.36%	0.36%	Unchanged
53	ISHARES TR CORE DIV GRWTH DGRO	DGRO	7,861	$595.8k0.36%	0.36%	Unchanged
54	ISHARES TR CORE S&P TTL STK ITOT	ITOT	3,591	$589.9k0.36%	0.36%	Unchanged
55	WALMART INC COM WMT	WMT	4,930	$558.4k0.34%	0.34%	Reduced -897	-897 -15.4%
56	ABBVIE INC COM ABBV	ABBV	2,171	$546.3k0.33%	0.33%	Reduced -55	-55 -2.5%
57	ISHARES TR MSCI EAFE ETF EFA	EFA	5,038	$523.3k0.32%	0.32%	Unchanged
58	MASTERCARD INCORPORATED CL A MA	MA	1,012	$519.8k0.32%	0.32%	Added +41	+41 4.2%
59	PROCTER AND GAMBLE CO COM PG	PG	3,534	$518.2k0.32%	0.32%	Reduced -468	-468 -11.7%
60	JOHNSON & JOHNSON COM JNJ	JNJ	1,848	$469.3k0.29%	0.29%	Reduced -416	-416 -18.4%
61	TRUIST FINL CORP COM TFC	TFC	8,319	$414.5k0.25%	0.25%	Reduced -4.4k	-4,382 -34.5%
62	COSTCO WHSL CORP NEW COM COST	COST	432	$404.1k0.25%	0.25%	Reduced -19	-19 -4.2%
63	CHUBB LIMITED COM CB	CB	1,150	$391.9k0.24%	0.24%	Reduced -307	-307 -21.1%
64	CITIGROUP INC COM NEW C	C	2,751	$385.0k0.24%	0.24%	Reduced -56	-56 -2.0%
65	INTEL CORP COM INTC	INTC	2,635	$367.9k0.22%	0.22%	New
66	EOG RES INC COM EOG	EOG	2,829	$367.0k0.22%	0.22%	Reduced -27	-27 -0.9%
67	ALTRIA GROUP INC COM MO	MO	4,941	$355.5k0.22%	0.22%	Reduced -156	-156 -3.1%
68	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	482	$354.9k0.22%	0.22%	Unchanged
69	EA SERIES TRUST FREEDOM 100 EM FRDM	FRDM	4,731	$344.9k0.21%	0.21%	New
70	WELLS FARGO CO NEW COM WFC	WFC	4,170	$344.6k0.21%	0.21%	Added +30	+30 0.7%
71	NEXTERA ENERGY INC COM NEE	NEE	3,856	$338.4k0.21%	0.21%	Reduced -45	-45 -1.1%
72	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	344	$332.0k0.20%	0.20%	New
73	DEERE & CO COM DE	DE	510	$323.5k0.20%	0.20%	Reduced -5	-5 -1.0%
74	CONOCOPHILLIPS COM COP	COP	3,102	$322.5k0.20%	0.20%	Reduced -68	-68 -2.1%
75	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	7,016	$316.6k0.19%	0.19%	New
76	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,122	$315.5k0.19%	0.19%	Added +44	+44 4.1%
77	REPUBLIC SVCS INC COM RSG	RSG	1,455	$310.0k0.19%	0.19%	Reduced -32	-32 -2.1%
78	MONDELEZ INTL INC CL A MDLZ	MDLZ	5,305	$306.8k0.19%	0.19%	Reduced -49	-49 -0.9%
79	CORNING INC COM GLW	GLW	1,182	$301.9k0.18%	0.18%	New
80	RTX CORPORATION COM RTX	RTX	1,568	$297.5k0.18%	0.18%	Reduced -184	-184 -10.5%
81	WASTE MGMT INC DEL COM WM	WM	1,285	$286.4k0.17%	0.17%	Reduced -10	-10 -0.8%
82	EATON CORP PLC SHS ETN	ETN	663	$282.5k0.17%	0.17%	Reduced -7	-7 -1.0%
83	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	562	$281.8k0.17%	0.17%	Added +2	+2 0.4%
84	NETFLIX INC COM NFLX	NFLX	3,861	$275.7k0.17%	0.17%	Reduced -566	-566 -12.8%
85	TJX COS INC NEW COM TJX	TJX	1,802	$273.0k0.17%	0.17%	Added +153	+153 9.3%
86	UNITEDHEALTH GROUP INC COM UNH	UNH	645	$268.1k0.16%	0.16%	New
87	TOTALENERGIES SE ACT TTE	TTE	3,381	$262.9k0.16%	0.16%	Unchanged
88	CHEVRON CORP NEW COM CVX	CVX	1,556	$257.9k0.16%	0.16%	Reduced -1.0k	-1,049 -40.3%
89	MARVELL TECHNOLOGY INC COM MRVL	MRVL	862	$256.8k0.16%	0.16%	New
90	BOEING CO COM BA	BA	1,177	$254.8k0.16%	0.16%	Reduced -129	-129 -9.9%
91	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	1,070	$253.2k0.15%	0.15%	Unchanged
92	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	2,934	$252.7k0.15%	0.15%	Unchanged
93	GENERAL DYNAMICS CORP COM GD	GD	710	$251.5k0.15%	0.15%	Reduced -11	-11 -1.5%
94	LAM RESEARCH CORP COM NEW LRCX	LRCX	579	$250.9k0.15%	0.15%	New
95	EATON VANCE TAX-MANAGED DIVE COM XETYX	XETYX	17,120	$248.9k0.15%	0.15%	Unchanged
96	KLA CORP COM NEW KLAC	KLAC	820	$247.4k0.15%	0.15%	New
97	UNITED MICROELECTRONICS CORP SPON ADR NEW UMC	UMC	8,876	$241.5k0.15%	0.15%	New
98	T-MOBILE US INC COM TMUS	TMUS	1,419	$238.0k0.15%	0.15%	Added +6	+6 0.4%
99	MCDONALDS CORP COM MCD	MCD	846	$228.7k0.14%	0.14%	Reduced -98	-98 -10.4%
100	PNC FINL SVCS GROUP INC COM PNC	PNC	896	$220.6k0.13%	0.13%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	4,502	$763.8k4.5k shares
DUKE ENERGY CORP NEW DUK	DUK	2,420	$316.9k2.4k shares
LOCKHEED MARTIN CORP LMT	LMT	499	$301.6k499 shares
PEPSICO INC PEP	PEP	1,849	$287.1k1.8k shares
ROYAL BK CDA RY	RY	1,624	$262.7k1.6k shares
HONEYWELL INTL INC		564	$254.7k564 shares
ABBOTT LABS ABT	ABT	2,423	$248.8k2.4k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	1,676	$245.2k1.7k shares
HCA HEALTHCARE INC HCA	HCA	490	$231.9k490 shares
SELECT SECTOR SPDR TR XLY	XLY	1,100	$119.9k1.1k shares
VANGUARD WORLD FD VOX	VOX	636	$114.4k636 shares