# EDGAR Filing Document

**Accession Number:** 0001656150
**File Stem:** 0001656150-25-000003
**Filing Date:** 2025-8
**Character Count:** 9180
**Document Hash:** 3c9dab330fc6f41b5532c9443224d916
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001656150-25-000003.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001656150-25-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Piedmont Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001656150

**ORGANIZATION NAME:**
- **EIN:** 270975741
- **STATE OF INCORPORATION:** MT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21165
- **FILM NUMBER:** 251210792

**BUSINESS ADDRESS:**
- **STREET 1:** 6442 HIGHWAY 93 SOUTH
- **CITY:** WHITEFISH
- **STATE:** MT
- **ZIP:** 59937
- **BUSINESS PHONE:** 406-862-9400

**MAIL ADDRESS:**
- **STREET 1:** 6442 HIGHWAY 93 SOUTH
- **CITY:** WHITEFISH
- **STATE:** MT
- **ZIP:** 59937

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Coco Enterprises, LLC
- **DATE OF NAME CHANGE:** 20151019

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Piedmont Capital Management LLC<br>**Address:** 6442 HIGHWAY 93 SOUTH<br>WHITEFISH, MT 59937

**Form 13F File Number:** 028-21165

**CRD Number (if applicable):** 000165775

**SEC File Number (if applicable):** 801-121170

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lexie S. Pankratz<br>**Title:** Compliance Consultant<br>**Phone:** 406-431-0708

**Signature, Place, and Date of Signing:**

Lexie S. Pankratz  Clancy, MT  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 55

**Form 13F Information Table Value Total:** $172887866

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMGEN INC | COM | 031162100 |  | 732102 | 2622 | SH |  | SOLE |  | 0 | 0 | 2622 |
| APPLE INC | COM | 037833100 |  | 223635 | 1090 | SH |  | SOLE |  | 0 | 0 | 1090 |
| CATERPILLAR INC | COM | 149123101 |  | 284170 | 732 | SH |  | SOLE |  | 0 | 0 | 732 |
| CHEVRON CORP NEW | COM | 166764100 |  | 761989 | 5322 | SH |  | SOLE |  | 0 | 0 | 5322 |
| CISCO SYS INC | COM | 17275R102 |  | 1531087 | 22068 | SH |  | SOLE |  | 0 | 0 | 22068 |
| COCA COLA CO | COM | 191216100 |  | 1249671 | 17663 | SH |  | SOLE |  | 0 | 0 | 17663 |
| DOW INC | COM | 260557103 |  | 204583 | 7726 | SH |  | SOLE |  | 0 | 0 | 7726 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 648491 | 6016 | SH |  | SOLE |  | 0 | 0 | 6016 |
| GABELLI UTIL TR | COM | 36240A101 |  | 159135 | 27437 | SH |  | SOLE |  | 0 | 0 | 27437 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 217465 | 5048 | SH |  | SOLE |  | 0 | 0 | 5048 |
| GLOBAL X FUNDS | GB MSCI AR ETF | 37950E259 |  | 1703242 | 20102 | SH |  | SOLE |  | 0 | 0 | 20102 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 208079 | 294 | SH |  | SOLE |  | 0 | 0 | 294 |
| HOME DEPOT INC | COM | 437076102 |  | 272597 | 744 | SH |  | SOLE |  | 0 | 0 | 744 |
| IBM CORP | COM | 459200101 |  | 1402696 | 4758 | SH |  | SOLE |  | 0 | 0 | 4758 |
| INVSC QQQ TR | UNIT SER | 46090E107 |  | 951027 | 1724 | SH |  | SOLE |  | 0 | 0 | 1724 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 20182665 | 283226 | SH |  | SOLE |  | 0 | 0 | 283226 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 4170001 | 199331 | SH |  | SOLE |  | 0 | 0 | 199331 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 660137 | 20120 | SH |  | SOLE |  | 0 | 0 | 20120 |
| ISHARES TR | CORE S ETF | 464287200 |  | 578058 | 931 | SH |  | SOLE |  | 0 | 0 | 931 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 8470853 | 61082 | SH |  | SOLE |  | 0 | 0 | 61082 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 1427808 | 23190 | SH |  | SOLE |  | 0 | 0 | 23190 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 8616161 | 168878 | SH |  | SOLE |  | 0 | 0 | 168878 |
| ISHARES TR | CORES MSCI EAFE | 46432F842 |  | 14746467 | 176647 | SH |  | SOLE |  | 0 | 0 | 176647 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 674910 | 2328 | SH |  | SOLE |  | 0 | 0 | 2328 |
| ISHARES TR | CRE U S REIT ETF | 474288521 |  | 2714772 | 47998 | SH |  | SOLE |  | 0 | 0 | 47998 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 830578 | 5438 | SH |  | SOLE |  | 0 | 0 | 5438 |
| MERCK  CO INC | COM | 58933Y105 |  | 751543 | 9494 | SH |  | SOLE |  | 0 | 0 | 9494 |
| MICROSOFT CORP | COM | 594918104 |  | 896830 | 1803 | SH |  | SOLE |  | 0 | 0 | 1803 |
| NIKE INC | CL B | 654106103 |  | 468509 | 6595 | SH |  | SOLE |  | 0 | 0 | 6595 |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 |  | 13400 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| ORACLE CORP | COM | 68389X105 |  | 339611 | 1553 | SH |  | SOLE |  | 0 | 0 | 1553 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 210302 | 1320 | SH |  | SOLE |  | 0 | 0 | 1320 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 310779 | 503 | SH |  | SOLE |  | 0 | 0 | 503 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 837673 | 2748 | SH |  | SOLE |  | 0 | 0 | 2748 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 20457737 | 342504 | SH |  | SOLE |  | 0 | 0 | 342504 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 385654 | 9311 | SH |  | SOLE |  | 0 | 0 | 9311 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 287956 | 1791 | SH |  | SOLE |  | 0 | 0 | 1791 |
| STANTEC INC | COM | 85472N109 |  | 1136575 | 10458 | SH |  | SOLE |  | 0 | 0 | 10458 |
| TELUS CORPORATION | COM | 87971M103 |  | 192704 | 11999 | SH |  | SOLE |  | 0 | 0 | 11999 |
| 3M CO | COM | 88579Y101 |  | 458851 | 3014 | SH |  | SOLE |  | 0 | 0 | 3014 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 542518 | 1739 | SH |  | SOLE |  | 0 | 0 | 1739 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 8294980 | 159335 | SH |  | SOLE |  | 0 | 0 | 159335 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 2786397 | 95164 | SH |  | SOLE |  | 0 | 0 | 95164 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 264488 | 2820 | SH |  | SOLE |  | 0 | 0 | 2820 |
| VANECK ETF TRUST | CLO ETF | 92189H748 |  | 2477636 | 46792 | SH |  | SOLE |  | 0 | 0 | 46792 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1422457 | 6950 | SH |  | SOLE |  | 0 | 0 | 6950 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 290007 | 792 | SH |  | SOLE |  | 0 | 0 | 792 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 972800 | 13212 | SH |  | SOLE |  | 0 | 0 | 13212 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 22543117 | 169103 | SH |  | SOLE |  | 0 | 0 | 169103 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 11987137 | 21103 | SH |  | SOLE |  | 0 | 0 | 21103 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 960067 | 10780 | SH |  | SOLE |  | 0 | 0 | 10780 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3067566 | 10093 | SH |  | SOLE |  | 0 | 0 | 10093 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1171918 | 27084 | SH |  | SOLE |  | 0 | 0 | 27084 |
| WALMART INC | COM | 931142103 |  | 228805 | 2340 | SH |  | SOLE |  | 0 | 0 | 2340 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 15507470 | 236683 | SH |  | SOLE |  | 0 | 0 | 236683 |

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