Piedmont Capital Management (Montana)’s VanEck Semiconductor ETF SMH Stock Holding History

Piedmont Capital Management (Montana)’s Portfolio SMH Stock Details SMH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$10.9M	Buy	+17,512	New	+$9.55M	5.49%	6
2025 Q1	–	Sell	-35,388	Closed	-$8.67M	–	55
2024 Q4	$8.67M	Sell	35,388 -460	-1%	-$114K	5.23%	6
2024 Q3	$9.15M	Sell	35,848 -4,450	-11%	-$1.08M	5.51%	6
2024 Q2	$9.11M	Hold	40,298	–	–	6.18%	5
2024 Q1	$9.11M	Buy	40,298 +339	+0.8%	+$68.2K	6.18%	5
2023 Q4	$6.99M	Sell	39,959 -328,114	-89%	-$51.4M	5.09%	6
2023 Q3	$27.9M	Buy	368,073 +326,989	+796%	+$49.5M	22.26%	1
2023 Q2	$6.26M	Buy	+41,084	New	+$5.55M	4.75%	8

Other funds holding SMH

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $289B AUM 60.46% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $1.28T AUM 58.89% 1-Year Est. Return

Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

JRP

Jasper Ridge Partners Menlo Park, California $4.69B AUM 31.34% 1-Year Est. Return

Piedmont Capital Management (Montana)'s SMH Position: Q2 2026 in Review

Piedmont Capital Management (Montana) opened a new position in VanEck Semiconductor ETF (SMH) in Q2 2026: 17,512 shares worth $10.9M. The stake represents 5.49% of the portfolio and ranks #6 among its holdings. This is a return to the name: Piedmont Capital Management (Montana) previously reported a position in SMH as recently as Q4 2024.

Piedmont Capital Management (Montana) first reported a position in SMH in Q2 2023 and has held it in 8 quarters since. The position peaked at $27.9M in Q3 2023. 1,542 funds tracked by Wall St. Rank hold SMH as of Q2 2026.

Piedmont Capital Management (Montana) held 17,512 shares of VanEck Semiconductor ETF worth $10.9M as of Q2 2026.
VanEck Semiconductor ETF was a new Piedmont Capital Management (Montana) position in Q2 2026.
VanEck Semiconductor ETF made up 5.49% of Piedmont Capital Management (Montana)'s portfolio in Q2 2026, its #6 holding.
Piedmont Capital Management (Montana) first reported a position in VanEck Semiconductor ETF in Q2 2023 and has held it in 8 quarters since.
Piedmont Capital Management (Montana)'s VanEck Semiconductor ETF position peaked at $27.9M in Q3 2023.
1,542 funds tracked by Wall St. Rank held VanEck Semiconductor ETF as of Q2 2026.

Based on Piedmont Capital Management (Montana)'s 13F filing for Q2 2026, filed 13 Aug 2026.