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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
+11.15%
1 Year Est. Return
+32.35%
3 Year Est. Return
+94%
5 Year Est. Return
+123.66%
10 Year Est. Return
–
AUM
$137M
AUM Growth
+$11.8M
(+9.4%)
Cap. Flow
-$25.5M
Cap. Flow
% of AUM
-18.58%
Top 10 Holdings %
Top 10 Hldgs %
76.77%
Holding
50
New
4
Increased
15
Reduced
23
Closed
2
Avg Time Held
7.3
quarters
Top 10 Avg Time Held
3.6
quarters
Top 20 Avg Time Held
5.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Mega Cap Growth ETF
MGK
|
+$28.3M |
| 2 |
Invesco Senior Loan ETF
BKLN
|
+$2.75M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$783K |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$256K |
| 5 |
Home Depot
HD
|
+$204K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Semiconductor ETF
SMH
|
+$51.4M |
| 2 |
Invesco S&P 500 Momentum ETF
SPMO
|
+$2.77M |
| 3 |
VanEck Morningstar Wide Moat ETF
MOAT
|
+$2.71M |
| 4 |
Pfizer
PFE
|
+$384K |
| 5 |
iShares Core US REIT ETF
USRT
|
+$293K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.58% |
| 2 | Technology | 3% |
| 3 | Healthcare | 1.7% |
| 4 | Energy | 1.02% |
| 5 | Industrials | 1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34.9B
| $30.3M | 22.05% |
+582,865
| New | +$28.3M |
2023 Q4
0 quarters
|
|
2
Vanguard High Dividend Yield ETF
VYM
$79.4B
| $18.9M | 13.74% |
168,947
-627
| -0.4% | -$65.9K |
2020 Q4
12 quarters
|
|
3
Vanguard S&P 500 ETF
VOO
$1.05T
| $10.9M | 7.97% |
25,051
+336
| +1% | +$138K |
2023 Q2
2 quarters
|
|
|
4
iShares Core MSCI EAFE ETF
IEFA
$191B
| $10.5M | 7.69% |
149,964
+3,880
| +3% | +$256K |
2022 Q4
4 quarters
|
|
5
iShares Floating Rate Bond ETF
FLOT
$11.1B
| $7.01M | 5.11% |
138,566
-3,117
| -2% | -$158K |
2021 Q3
9 quarters
|
|
|
6
VanEck Semiconductor ETF
SMH
$77.3B
| $6.99M | 5.09% |
39,959
-328,114
| -89% | -$51.4M |
2023 Q2
2 quarters
|
|
7
SPDR Gold MiniShares Trust
GLDM
$30.6B
| $6.92M | 5.05% |
169,274
-4,265
| -2% | -$167K |
2022 Q4
4 quarters
|
|
8
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $6.66M | 4.85% |
63,713
-789
| -1% | -$74.8K |
2023 Q2
2 quarters
|
|
9
Vanguard Real Estate ETF
VNQ
$35.4B
| $4.34M | 3.16% |
49,070
-1,563
| -3% | -$124K |
2020 Q4
12 quarters
|
|
|
10
Invesco Senior Loan ETF
BKLN
$6.66B
| $2.82M | 2.06% |
133,316
+131,314
| +6,559% | +$2.75M |
2023 Q1
3 quarters
|
|
11
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.24B
| $2.44M | 1.78% |
51,129
+468
| +0.9% | +$20.7K |
2023 Q2
2 quarters
|
|
12
Vanguard Morningstar Total Stock Market ETF
VTI
$690B
| $2.4M | 1.75% |
10,099
+483
| +5% | +$107K |
2020 Q4
12 quarters
|
|
|
13
iShares Core US REIT ETF
USRT
$4.27B
| $2.38M | 1.74% |
43,911
-5,990
| -12% | -$293K |
2021 Q3
9 quarters
|
|
14
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.06B
| $2.37M | 1.73% |
82,288
+1,127
| +1% | +$31.1K |
2020 Q4
12 quarters
|
|
15
iShares 0-5 Year TIPS Bond ETF
STIP
$16.4B
| $1.49M | 1.09% |
15,150
-250
| -2% | -$24.4K |
2022 Q1
7 quarters
|
|
16
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.85B
| $1.32M | 0.96% |
24,837
-416
| -2% | -$21K |
2023 Q2
2 quarters
|
|
17
Dow Inc
DOW
$20.2B
| $1.31M | 0.95% |
23,853
-176
| -0.7% | -$8.99K |
2020 Q4
12 quarters
|
|
18
Vanguard Dividend Appreciation ETF
VIG
$110B
| $1.19M | 0.86% |
6,961
+607
| +10% | +$97.7K |
2020 Q4
12 quarters
|
|
19
Coca-Cola
KO
$369B
| $1.03M | 0.75% |
17,474
+1,042
| +6% | +$59.2K |
2020 Q4
12 quarters
|
|
20
Verizon
VZ
$191B
| $1M | 0.73% |
26,648
-1,189
| -4% | -$42.1K |
2020 Q4
12 quarters
|
|
21
IBM
IBM
$210B
| $991K | 0.72% |
6,057
+22
| +0.4% | +$3.32K |
2020 Q4
12 quarters
|
|
22
Cisco
CSCO
$442B
| $895K | 0.65% |
17,706
-2,146
| -11% | -$110K |
2020 Q4
12 quarters
|
|
23
Vanguard Total Bond Market
BND
$158B
| $890K | 0.65% |
12,103
+1,092
| +10% | +$77.1K |
2020 Q4
12 quarters
|
|
24
3M
MMM
$83.5B
| $850K | 0.62% |
9,300
+311
| +3% | +$25K |
2020 Q4
12 quarters
|
|
|
25
Invesco QQQ Trust
QQQ
$506B
| $845K | 0.62% |
+2,063
| New | +$783K |
2023 Q4
0 quarters
|
|
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Piedmont Capital Management (Montana)'s Q4 2023 Portfolio in Review
As of Q4 2023, Piedmont Capital Management (Montana) held 50 positions worth $137M, up 9.4% from $125M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Piedmont Capital Management (Montana) withdrew a net $25.5M in Q4 2023, closing 2 positions and reducing 23 holdings. Its most notable exit was Invesco S&P 500 Momentum ETF, an estimated $2.77M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 89% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Piedmont Capital Management (Montana) opened a new position in Vanguard Morningstar Mega Cap Growth ETF worth $30.3M.
- Piedmont Capital Management (Montana)'s largest Q4 2023 buy was Vanguard Morningstar Mega Cap Growth ETF: 582,865 shares worth $30.3M.
- Piedmont Capital Management (Montana) added most to Invesco Senior Loan ETF in Q4 2023, an estimated $2.75M increase.
- Piedmont Capital Management (Montana)'s biggest Q4 2023 reduction was VanEck Semiconductor ETF, cutting an estimated $51.4M.
- Piedmont Capital Management (Montana) fully exited Invesco S&P 500 Momentum ETF in Q4 2023, selling an estimated $2.77M.
- Piedmont Capital Management (Montana)'s ten largest holdings make up 77% of its $137M portfolio in Q4 2023.
- Piedmont Capital Management (Montana) opened 4 new positions and closed 2 in Q4 2023.
- Piedmont Capital Management (Montana)'s portfolio value rose 9.4% quarter-over-quarter to $137M.
Based on Piedmont Capital Management (Montana)'s 13F filing for Q4 2023, filed 13 Feb 2024.