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PCMM
Piedmont Capital Management (Montana) Portfolio holdings
AUM
$198M
1-Year Est. Return
32.35%
This Fund
S&P 500
This Quarter
Est. Return
+14.3%
1 Year Est. Return
+32.35%
3 Year Est. Return
+94%
5 Year Est. Return
+123.66%
10 Year Est. Return
–
AUM
$198M
AUM Growth
+$1.4M
(+0.71%)
Cap. Flow
-$9.93M
Cap. Flow
% of AUM
-5.01%
Top 10 Holdings %
Top 10 Hldgs %
74.75%
Holding
60
New
10
Increased
19
Reduced
18
Closed
2
Avg Time Held
10.8
quarters
Top 10 Avg Time Held
5.2
quarters
Top 20 Avg Time Held
7.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Mega Cap ETF
MGC
|
+$28.8M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$17M |
| 3 |
VanEck Semiconductor ETF
SMH
|
+$9.55M |
| 4 |
iShares Micro-Cap ETF
IWC
|
+$1.27M |
| 5 |
iShares Floating Rate Bond ETF
FLOT
|
+$417K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Putnam Focused Large Cap Value ETF
PVAL
|
+$22.8M |
| 2 |
SPDR Gold MiniShares Trust
GLDM
|
+$18.4M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$11.7M |
| 4 |
State Street SPDR EURO STOXX 50 ETF
FEZ
|
+$8.74M |
| 5 |
State Street SPDR Dow Jones REIT ETF
RWR
|
+$4.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.79% |
| 2 | Technology | 2.87% |
| 3 | Healthcare | 2.41% |
| 4 | Industrials | 1.18% |
| 5 | Consumer Staples | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Mega Cap ETF
MGC
$10.5B
| $29.7M | 14.99% |
+108,485
| New | +$28.8M |
2026 Q2
0 quarters
|
|
2
Vanguard High Dividend Yield ETF
VYM
$79.4B
| $26.1M | 13.17% |
164,700
+877
| +0.5% | +$137K |
2020 Q4
22 quarters
|
|
|
3
Vanguard S&P 500 ETF
VOO
$1.05T
| $17.5M | 8.84% |
+25,511
| New | +$17M |
2026 Q2
0 quarters
|
|
|
4
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.24B
| $17.1M | 8.62% |
251,454
-130,968
| -34% | -$8.74M |
2025 Q2
4 quarters
|
|
5
iShares Core MSCI EAFE ETF
IEFA
$191B
| $14.4M | 7.28% |
150,002
-30,250
| -17% | -$2.91M |
2025 Q1
5 quarters
|
|
|
6
VanEck Semiconductor ETF
SMH
$77.3B
| $10.9M | 5.49% |
+17,512
| New | +$9.55M |
2026 Q2
0 quarters
|
|
|
7
State Street SPDR Dow Jones REIT ETF
RWR
$1.76B
| $10.5M | 5.33% |
92,691
-39,492
| -30% | -$4.33M |
2026 Q1
1 quarter
|
|
|
8
iShares Floating Rate Bond ETF
FLOT
$11.1B
| $10.4M | 5.26% |
204,778
+8,194
| +4% | +$417K |
2021 Q3
19 quarters
|
|
|
9
iShares Micro-Cap ETF
IWC
$1.4B
| $6.18M | 3.12% |
30,801
+6,913
| +29% | +$1.27M |
2026 Q1
1 quarter
|
|
10
Freedom 100 Emerging Markets ETF
FRDM
$3.6B
| $5.26M | 2.65% |
75,263
+3,065
| +4% | +$205K |
2026 Q1
1 quarter
|
|
11
Invesco Senior Loan ETF
BKLN
$6.66B
| $5M | 2.52% |
245,326
+13,092
| +6% | +$269K |
2023 Q1
13 quarters
|
|
12
Vanguard Morningstar Total Stock Market ETF
VTI
$690B
| $3.93M | 1.98% |
10,618
+348
| +3% | +$124K |
2020 Q4
22 quarters
|
|
13
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.06B
| $3.31M | 1.67% |
113,754
+230
| +0.2% | +$6.7K |
2020 Q4
22 quarters
|
|
14
VanEck CLO ETF
CLOI
$1.63B
| $2.91M | 1.47% |
55,100
-866
| -2% | -$45.7K |
2024 Q3
7 quarters
|
|
15
Cisco
CSCO
$442B
| $2.37M | 1.2% |
20,334
-717
| -3% | -$75K |
2020 Q4
22 quarters
|
|
16
Vanguard Dividend Appreciation ETF
VIG
$110B
| $1.8M | 0.91% |
7,600
+19
| +0.3% | +$4.36K |
2020 Q4
22 quarters
|
|
17
Coca-Cola
KO
$369B
| $1.42M | 0.72% |
17,484
-269
| -2% | -$21.2K |
2020 Q4
22 quarters
|
|
18
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.85B
| $1.41M | 0.71% |
20,351
+73
| +0.4% | +$4.97K |
2023 Q2
12 quarters
|
|
19
Johnson & Johnson
JNJ
$617B
| $1.36M | 0.69% |
5,358
-221
| -4% | -$51.5K |
2023 Q2
12 quarters
|
|
20
IBM
IBM
$210B
| $1.32M | 0.67% |
4,601
-118
| -3% | -$29.7K |
2020 Q4
22 quarters
|
|
|
21
SPDR Gold MiniShares Trust
GLDM
$30.6B
| $1.26M | 0.64% |
15,681
-206,622
| -93% | -$18.4M |
2022 Q4
14 quarters
|
|
22
Merck
MRK
$356B
| $1.24M | 0.63% |
9,878
-286
| -3% | -$33.5K |
2020 Q4
22 quarters
|
|
|
23
VanEck Gold Miners ETF
GDX
$26.3B
| $1.19M | 0.6% |
15,624
-132,372
| -89% | -$11.7M |
2025 Q1
5 quarters
|
|
24
Verizon
VZ
$191B
| $1.15M | 0.58% |
27,505
-258
| -0.9% | -$12.1K |
2020 Q4
22 quarters
|
|
25
iShares Core S&P 500 ETF
IVV
$888B
| $1.13M | 0.57% |
1,509
+278
| +23% | +$202K |
2023 Q1
13 quarters
|
|
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Piedmont Capital Management (Montana)'s Q2 2026 Portfolio in Review
As of Q2 2026, Piedmont Capital Management (Montana) held 60 positions worth $198M, up 0.71% from $197M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Piedmont Capital Management (Montana) withdrew a net $9.93M in Q2 2026, closing 2 positions and reducing 18 holdings. Its most notable exit was Putnam Focused Large Cap Value ETF, an estimated $22.8M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 91% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Piedmont Capital Management (Montana) opened a new position in Vanguard Morningstar Mega Cap ETF worth $29.7M.
- Piedmont Capital Management (Montana)'s largest Q2 2026 buy was Vanguard Morningstar Mega Cap ETF: 108,485 shares worth $29.7M.
- Piedmont Capital Management (Montana) added most to iShares Micro-Cap ETF in Q2 2026, an estimated $1.27M increase.
- Piedmont Capital Management (Montana)'s biggest Q2 2026 reduction was SPDR Gold MiniShares Trust, cutting an estimated $18.4M.
- Piedmont Capital Management (Montana) fully exited Putnam Focused Large Cap Value ETF in Q2 2026, selling an estimated $22.8M.
- Piedmont Capital Management (Montana)'s ten largest holdings make up 75% of its $198M portfolio in Q2 2026.
- Piedmont Capital Management (Montana) opened 10 new positions and closed 2 in Q2 2026.
- Piedmont Capital Management (Montana)'s portfolio value rose 0.71% quarter-over-quarter to $198M.
Based on Piedmont Capital Management (Montana)'s 13F filing for Q2 2026, filed 13 Aug 2026.