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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
+6.87%
1 Year Est. Return
+32.35%
3 Year Est. Return
+94%
5 Year Est. Return
+123.66%
10 Year Est. Return
–
AUM
$139M
AUM Growth
-$26.6M
(-16%)
Cap. Flow
-$17.6M
Cap. Flow
% of AUM
-12.66%
Top 10 Holdings %
Top 10 Hldgs %
80.11%
Holding
57
New
5
Increased
14
Reduced
18
Closed
11
Avg Time Held
10
quarters
Top 10 Avg Time Held
4.8
quarters
Top 20 Avg Time Held
5.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HDV
iShares Core High Dividend ETF
HDV
|
+$39M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$13.2M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$6.5M |
| 4 |
Global X MSCI Argentina ETF
ARGT
|
+$1.53M |
| 5 |
Vanguard High Dividend Yield ETF
VYM
|
+$755K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Mega Cap Growth ETF
MGK
|
+$43.3M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$13.5M |
| 3 |
State Street SPDR Dow Jones REIT ETF
RWR
|
+$10.9M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$8.67M |
| 5 |
Franklin FTSE India ETF
FLIN
|
+$1.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.91% |
| 2 | Technology | 2.13% |
| 3 | Industrials | 1.53% |
| 4 | Healthcare | 1.11% |
| 5 | Consumer Staples | 0.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
HDV
1
iShares Core High Dividend ETF
HDV
$14.6B
| $36.1M | 25.95% |
+1,666,990
| New | +$39M |
2025 Q1
0 quarters
|
|
|
2
Vanguard High Dividend Yield ETF
VYM
$79.4B
| $19.3M | 13.84% |
168,004
+5,767
| +4% | +$755K |
2020 Q4
17 quarters
|
|
3
SPDR Gold MiniShares Trust
GLDM
$30.6B
| $13.9M | 10% |
235,622
-2,242
| -0.9% | -$127K |
2022 Q4
9 quarters
|
|
|
4
iShares Core MSCI EAFE ETF
IEFA
$191B
| $12M | 8.63% |
+177,146
| New | +$13.2M |
2025 Q1
0 quarters
|
|
5
iShares Floating Rate Bond ETF
FLOT
$11.1B
| $8.27M | 5.94% |
164,919
+5,931
| +4% | +$302K |
2021 Q3
14 quarters
|
|
|
6
VanEck Gold Miners ETF
GDX
$26.3B
| $6.67M | 4.79% |
+160,664
| New | +$6.5M |
2025 Q1
0 quarters
|
|
7
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $6.48M | 4.65% |
62,074
+2,842
| +5% | +$365K |
2024 Q4
1 quarter
|
|
8
Invesco Senior Loan ETF
BKLN
$6.66B
| $3.84M | 2.76% |
190,694
+18,322
| +11% | +$384K |
2023 Q1
8 quarters
|
|
9
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.06B
| $2.5M | 1.79% |
91,563
+1,457
| +2% | +$42.1K |
2020 Q4
17 quarters
|
|
10
Vanguard Morningstar Total Stock Market ETF
VTI
$690B
| $2.46M | 1.77% |
10,099
-30
| -0.3% | -$8.72K |
2020 Q4
17 quarters
|
|
11
VanEck CLO ETF
CLOI
$1.63B
| $2.31M | 1.66% |
44,604
+5,692
| +15% | +$301K |
2024 Q3
2 quarters
|
|
12
State Street Real Estate Select Sector SPDR ETF
XLRE
$7.62B
| $1.64M | 1.18% |
44,237
+7,616
| +21% | +$317K |
2024 Q3
2 quarters
|
|
|
13
Global X MSCI Argentina ETF
ARGT
$687M
| $1.27M | 0.91% |
+18,018
| New | +$1.53M |
2025 Q1
0 quarters
|
|
14
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.85B
| $1.23M | 0.88% |
23,048
-168
| -0.7% | -$9.78K |
2023 Q2
7 quarters
|
|
15
Cisco
CSCO
$442B
| $1.19M | 0.86% |
22,392
-251
| -1% | -$15.5K |
2020 Q4
17 quarters
|
|
16
Vanguard Dividend Appreciation ETF
VIG
$110B
| $1.19M | 0.85% |
6,832
-22
| -0.3% | -$4.38K |
2020 Q4
17 quarters
|
|
17
IBM
IBM
$210B
| $1.19M | 0.85% |
5,365
-56
| -1% | -$13.7K |
2020 Q4
17 quarters
|
|
18
Coca-Cola
KO
$369B
| $1.17M | 0.84% |
17,110
+2
| +0% | +$134 |
2020 Q4
17 quarters
|
|
19
Verizon
VZ
$191B
| $1.15M | 0.83% |
27,356
-394
| -1% | -$16.4K |
2020 Q4
17 quarters
|
|
20
3M
MMM
$83.5B
| $1.1M | 0.79% |
8,661
-155
| -2% | -$22.8K |
2020 Q4
17 quarters
|
|
21
Vanguard Total Bond Market
BND
$158B
| $963K | 0.69% |
13,285
-35
| -0.3% | -$2.54K |
2020 Q4
17 quarters
|
|
22
Vanguard Real Estate ETF
VNQ
$35.4B
| $854K | 0.61% |
10,709
-384
| -3% | -$34.9K |
2020 Q4
17 quarters
|
|
23
Stantec
STN
$7.58B
| $825K | 0.59% |
10,458
| – | – |
2024 Q3
2 quarters
|
|
24
SPDR Gold Trust
GLD
$141B
| $747K | 0.54% |
2,715
| – | – |
2021 Q4
13 quarters
|
|
25
Amgen
AMGN
$218B
| $719K | 0.52% |
2,567
-19
| -0.7% | -$5.61K |
2021 Q2
15 quarters
|
|
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Piedmont Capital Management (Montana)'s Q1 2025 Portfolio in Review
As of Q1 2025, Piedmont Capital Management (Montana) held 57 positions worth $139M, down 16% from $166M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Piedmont Capital Management (Montana) withdrew a net $17.6M in Q1 2025, closing 11 positions and reducing 18 holdings. Its most notable exit was Vanguard Morningstar Mega Cap Growth ETF, an estimated $43.3M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, up from 90% a quarter earlier, followed by Technology and Industrials.
Against the trend, Piedmont Capital Management (Montana) opened a new position in iShares Core High Dividend ETF worth $36.1M.
- Piedmont Capital Management (Montana)'s largest Q1 2025 buy was iShares Core High Dividend ETF: 1,666,990 shares worth $36.1M.
- Piedmont Capital Management (Montana) added most to Vanguard High Dividend Yield ETF in Q1 2025, an estimated $755K increase.
- Piedmont Capital Management (Montana)'s biggest Q1 2025 reduction was Telus, cutting an estimated $176K.
- Piedmont Capital Management (Montana) fully exited Vanguard Morningstar Mega Cap Growth ETF in Q1 2025, selling an estimated $43.3M.
- Piedmont Capital Management (Montana)'s ten largest holdings make up 80% of its $139M portfolio in Q1 2025.
- Piedmont Capital Management (Montana) opened 5 new positions and closed 11 in Q1 2025.
- Piedmont Capital Management (Montana)'s portfolio value fell 16% quarter-over-quarter to $139M.
Based on Piedmont Capital Management (Montana)'s 13F filing for Q1 2025, filed 14 May 2025.