Portfolio (Quarterly) Guide ↗

Piedmont Capital Management, LLC

· CIK 0001656150

13F Portfolio $197M AUM 50 positions Filed May 15, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 5 New 17 Added 10 Reduced 7 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	FEZ	SPDR INDEX SHS FDS	—	382,422.0	$24.0M	12.23%	+9K	+2.5%	$62.88	+6.8%
2	FLOT	ISHARES TR	—	196,584.0	$10.0M	5.08%	+14K	+7.7%	$50.77	+0.5%
3	BKLN	INVESCO EXCH TRADED FD TR II	—	232,234.0	$4.8M	2.42%	+8K	+3.4%	$20.49	-0.1%
4	VTI	VANGUARD INDEX FDS	—	10,270.0	$3.3M	1.70%	+99.0	+1.0%	$324.76	+12.9%
5	ANGL	VANECK ETF TRUST	—	113,524.0	$3.3M	1.67%	+5K	+4.6%	$28.86	+0.6%
6	CLOI	VANECK ETF TRUST	—	55,966.0	$2.9M	1.50%	+2K	+4.1%	$52.52	+0.8%
7	VIG	VANGUARD SPECIALIZED FUNDS	—	7,581.0	$1.6M	0.83%	+69.0	+0.9%	$216.36	+7.7%
8	VZ	VERIZON COMMUNICATIONS INC	Communication Services	27,763.0	$1.4M	0.69%	+549.0	+2.0%	$49.23	-1.8%
9	MRK	MERCK & CO INC	Healthcare	10,164.0	$1.2M	0.62%	+413.0	+4.2%	$120.71	+1.4%
10	CVX	CHEVRON CORP NEW	Energy	5,725.0	$1.1M	0.58%	+321.0	+5.9%	$197.86	-3.3%
11	—	INVSC QQQ TR	—	1,840.0	$1.1M	0.55%	+13.0	+0.7%	$587.42	—
12	IVV	ISHARES TR	—	1,231.0	$814K	0.41%	+131.0	+11.9%	$660.87	+13.4%
13	MSFT	MICROSOFT CORP	Technology	1,806.0	$672K	0.34%	+67.0	+3.9%	$371.82	+12.6%
14	AAPL	APPLE INC	Technology	2,273.0	$589K	0.30%	+1K	+112.0%	$258.94	+19.3%
15	UNH	UNITEDHEALTH GROUP INC	Healthcare	1,846.0	$520K	0.27%	+42.0	+2.3%	$281.82	+37.8%
16	NKE	NIKE INC	Consumer Cyclical	6,802.0	$300K	0.15%	+326.0	+5.0%	$44.06	+1.4%
17	HD	HOME DEPOT INC	Consumer Cyclical	898.0	$292K	0.15%	+135.0	+17.7%	$325.11	-3.7%

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Financial Services 57.2%

Technology 11.2%

Healthcare 10.4%

Energy 5.4%

Consumer Defensive 5.0%

Industrials 4.9%

Communication Services 3.5%

Consumer Cyclical 1.5%

Real Estate 0.9%