BA
Ballast Asset Management, LP 13F Holdings Tracker (Q2 2026)
Ballast Asset Management, LPCIK: 0001998389
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$250.7M
Reporting period: 2026-06-30 · Number of holdings: 53
Ballast Asset Management, LP disclosed 53 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $250.7M and a quarterly turnover rate of 28.4%.
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Personality snowflake
- Concentration
- 8.47
- Portfolio Stability
- 28.44
- Momentum
- 100
- Sector conviction
- 57.56
- Diversification
- 100
- Sizing Uniformity
- 96.47
Ballast Asset Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 47 equally-sized positions, close to its 53 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.35), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 41% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out IRMD
New buy PAYS
New buy BNED
Trim RGLD
-27.7% -$2.9M
New buy TCBX
Sold out GBTG
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AZZ | Azz Inc | Stock-Industrials | 3.43% | +0.31% | -0.97% | |
| 2 | BELFB | Bel Fuse Inc-cl B | Stock-Other | 3.12% | +1.03% | -0.99% | |
| 3 | AGM | Federal Agric Mtg Corp-cl C | Stock-Other | 2.96% | +0.48% | -0.97% | |
| 4 | CVCO | Cavco Industries Inc | Stock-Consumer Disc | 2.94% | +0.33% | -1.01% | |
| 5 | CLMB | Climb Global Solutions Inc | Stock-Other | 2.92% | +0.10% | -1.07% | |
| 6 | NRP | Natural Resource Partners LP | Stock-Other | 2.89% | -1.20% | -1.40% | |
| 7 | LSTR | Landstar System Inc | Stock-Industrials | 2.80% | +0.36% | -0.96% | |
| 8 | ECVT | Ecovyst Inc | Stock-Other | 2.73% | -0.44% | -0.99% | |
| 9 | MBIN | Merchants Bancorp/in | Stock-Other | 2.70% | +0.09% | -0.96% | |
| 10 | CBNK | Capital Bancorp Inc/md | Stock-Other | 2.63% | +0.12% | -1.05% | |
| 11 | CCSI | Consensus Cloud Solution | Stock-Other | 2.50% | +0.75% | -0.98% | |
| 12 | SEI | Solaris Energy Infrastructur | Stock-Energy | 2.47% | -0.44% | -33.44% | |
| 13 | TEX | Terex CORP | Stock-Industrials | 2.43% | +0.19% | -0.98% | |
| 14 | GEO | Geo Group Inc/the | Stock-Other | 2.37% | -0.03% | -37.43% | |
| 15 | GPGI | Gpgi Inc | Stock-Other | 2.36% | +0.15% | +28.74% | |
| 16 | MLI | Mueller Industries Inc | Stock-Industrials | 2.35% | +0.51% | +28.64% | |
| 17 | TPB | Turning Point Brands Inc | Stock-Other | 2.24% | -0.34% | -0.98% | |
| 18 | BRKR | Bruker CORP | Stock-Healthcare | 2.15% | +0.69% | -0.94% | |
| 19 | MTUS | Metallus Inc | Stock-Other | 2.11% | +0.03% | -0.99% | |
| 20 | HLMN | Hillman Solutions CORP | Stock-Other | 2.00% | +0.35% | +33.02% | |
| 21 | EXP | Eagle Materials Inc | Stock-Materials | 1.95% | +0.10% | -0.92% | |
| 22 | BCO | Brink's Co/the | Stock-Industrials | 1.91% | -0.45% | -0.99% | |
| 23 | CBT | Cabot CORP | Stock-Materials | 1.90% | +0.53% | +28.87% | |
| 24 | CRTO | Criteo Sa-spon Adr | Stock-Other | 1.87% | +0.01% | +9.83% | |
| 25 | RCMT | Rcm Technologies Inc | Stock-Other | 1.80% | +0.43% | -0.85% | |
| 26 | EXTR | Extreme Networks Inc | Stock-Other | 1.79% | +0.85% | -0.96% | |
| 27 | PATK | Patrick Industries Inc | Stock-Consumer Disc | 1.76% | -0.70% | -0.98% | |
| 28 | EPSN | Epsilon Energy LTD | Stock-Other | 1.74% | -0.49% | -0.98% | |
| 29 | EPR | Epr Properties | Stock-Real Estate | 1.73% | +0.05% | -0.96% | |
| 30 | KOS | Kosmos Energy LTD | Stock-Other | 1.69% | -0.82% | -0.98% | |
| 31 | MTG | Mgic Investment CORP | Stock-Financials | 1.66% | -0.09% | -0.98% | |
| 32 | COLL | Collegium Pharmaceutical Inc | Stock-Other | 1.62% | -0.05% | -0.98% | |
| 33 | CNR | Core Natural Resources Inc | Stock-Energy | 1.61% | -0.76% | -0.96% | |
| 34 | CASS | Cass Information Systems Inc | Stock-Other | 1.58% | +0.58% | +50.75% | |
| 35 | PAYS | Paysign Inc | Stock-Other | 1.53% | +1.53% | NEW | |
| 36 | RGLD | Royal Gold Inc | Stock-Materials | 1.52% | -1.46% | -27.74% | |
| 37 | BNED | Barnes & Noble Education Inc | Stock-Other | 1.50% | +1.50% | NEW | |
| 38 | OZK | Bank Ozk | Stock-Financials | 1.49% | +0.01% | -0.89% | |
| 39 | ATNI | Atn International Inc | Stock-Other | 1.44% | -0.23% | -0.98% | |
| 40 | BLCO | Bausch + Lomb CORP | Stock-Other | 1.44% | -0.11% | -0.95% | |
| 41 | PHIN | Phinia Inc | Stock-Consumer Disc | 1.37% | +0.09% | -0.97% | |
| 42 | G | Genpact Limited | Stock-Tech | 1.31% | -0.07% | +43.57% | |
| 43 | KN | Knowles CORP | Stock-Other | 1.30% | -0.65% | -54.01% | |
| 44 | TCBX | Third Coast Bancshares Inc | Stock-Other | 1.29% | +1.29% | NEW | |
| 45 | SPSC | Sps Commerce Inc | Stock-Tech | 1.28% | +0.35% | +50.40% | |
| 46 | DCI | Donaldson Co Inc | Stock-Industrials | 1.24% | -0.09% | -0.99% | |
| 47 | IPGP | Ipg Photonics CORP | Stock-Tech | 1.21% | -0.12% | -0.93% | |
| 48 | IMKTA | Ingles Markets Inc-class A | Stock-Other | 1.12% | -0.16% | -0.97% | |
| 49 | QDEL | Quidelortho CORP | Stock-Other | 1.01% | -0.06% | -0.98% | |
| 50 | TRIP | Tripadvisor Inc | Stock-Other | 0.99% | +0.12% | -0.96% |
1–50 of 53
Portfolio Performance
Performance for Q3 2026
+4.4%
Performance Last 4 Quarters
+18.7%
- Stdev
- +17.4%
- Beta
- +0.9
- Alpha
- -0.4%
- Max Drawdown
- -14.8%
- Annualized Perf
- +18.6%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +2.24
- Stutzer
- +0.32
- Treynor
- +0.21
- Sterling
- +0.92
- Calmar
- +1.25
- Information Ratio
- -0.18
- Tracking Error
- +13.7%
- Stdev Down
- +8.3%
- Winning Months %
- +60.6%
- Losing Months %
- +39.4%
- Best 12 Months
- +39.4%
- Worst 12 Months
- +0.5%
- Efficiency Ratio
- +0.45
- Sharpe
- +1.07
- Stdev Sectors
- +9.1%
- Skewness
- +0.53
- Kurtosis
- +0.44
- Upside Potential
- +4.05
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Ballast Asset Management, LP's most significant position changes for 2026-06-30: New buy: Paysign Inc (PAYS); New buy: Barnes & Noble Education Inc (BNED); Sold out: Iradimed CORP (IRMD); New buy: Third Coast Bancshares Inc (TCBX); Sold out: Global Business Travel Group (GBTG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PAYS | Paysign Inc | +1.5% | NEW | New buy |
| 2 | BNED | Barnes & Noble Education Inc | +1.5% | NEW | New buy |
| 3 | TCBX | Third Coast Bancshares Inc | +1.3% | NEW | New buy |
| 4 | BELFB | Bel Fuse Inc-cl B | +1% | -0.99% | Trim |
| 5 | EXTR | Extreme Networks Inc | +0.9% | -0.96% | Trim |
| 6 | CCSI | Consensus Cloud Solution | +0.8% | -0.98% | Trim |
| 7 | BRKR | Bruker CORP | +0.7% | -0.94% | Trim |
| 8 | CASS | Cass Information Systems Inc | +0.6% | +50.75% | Add |
| 9 | CBT | Cabot CORP | +0.5% | +28.87% | Add |
| 10 | MLI | Mueller Industries Inc | +0.5% | +28.64% | Add |
| 11 | AGM | Federal Agric Mtg Corp-cl C | +0.5% | -0.97% | Trim |
| 12 | RCMT | Rcm Technologies Inc | +0.4% | -0.85% | Trim |
| 13 | LSTR | Landstar System Inc | +0.4% | -0.96% | Trim |
| 14 | HLMN | Hillman Solutions CORP | +0.4% | +33.02% | Add |
| 15 | SPSC | Sps Commerce Inc | +0.4% | +50.40% | Add |
| 16 | CVCO | Cavco Industries Inc | +0.3% | -1.01% | Trim |
| 17 | AZZ | Azz Inc | +0.3% | -0.97% | Trim |
| 18 | TEX | Terex CORP | +0.2% | -0.98% | Trim |
| 19 | GPGI | Gpgi Inc | +0.2% | +28.74% | Add |
| 20 | CBNK | Capital Bancorp Inc/md | +0.1% | -1.05% | Trim |
| 21 | TRIP | Tripadvisor Inc | +0.1% | -0.96% | Trim |
| 22 | CLMB | Climb Global Solutions Inc | +0.1% | -1.07% | Trim |
| 23 | EXP | Eagle Materials Inc | +0.1% | -0.92% | Trim |
| 24 | MBIN | Merchants Bancorp/in | +0.1% | -0.96% | Trim |
| 25 | PHIN | Phinia Inc | +0.1% | -0.97% | Trim |
| 26 | EPR | Epr Properties | +0.1% | -0.96% | Trim |
| 27 | MTUS | Metallus Inc | 0% | -0.99% | Trim |
| 28 | CRTO | Criteo Sa-spon Adr | 0% | +9.83% | Add |
| 29 | OZK | Bank Ozk | 0% | -0.89% | Trim |
| 30 | GEO | Geo Group Inc/the | 0% | -37.43% | Trim |
| 31 | COLL | Collegium Pharmaceutical Inc | -0.1% | -0.98% | Trim |
| 32 | QDEL | Quidelortho CORP | -0.1% | -0.98% | Trim |
| 33 | G | Genpact Limited | -0.1% | +43.57% | Add |
| 34 | MTG | Mgic Investment CORP | -0.1% | -0.98% | Trim |
| 35 | DCI | Donaldson Co Inc | -0.1% | -0.99% | Trim |
| 36 | BLCO | Bausch + Lomb CORP | -0.1% | -0.95% | Trim |
| 37 | IPGP | Ipg Photonics CORP | -0.1% | -0.93% | Trim |
| 38 | IMKTA | Ingles Markets Inc-class A | -0.2% | -0.97% | Trim |
| 39 | AMR | Alpha Metallurgical Resource | -0.2% | — | Unchanged |
| 40 | ATNI | Atn International Inc | -0.2% | -0.98% | Trim |
| 41 | TPB | Turning Point Brands Inc | -0.3% | -0.98% | Trim |
| 42 | ASIX | Advansix Inc | -0.4% | -0.92% | Trim |
| 43 | SEI | Solaris Energy Infrastructur | -0.4% | -33.44% | Trim |
| 44 | ECVT | Ecovyst Inc | -0.4% | -0.99% | Trim |
| 45 | BCO | Brink's Co/the | -0.5% | -0.99% | Trim |
| 46 | EPSN | Epsilon Energy LTD | -0.5% | -0.98% | Trim |
| 47 | KN | Knowles CORP | -0.7% | -54.01% | Trim |
| 48 | PATK | Patrick Industries Inc | -0.7% | -0.98% | Trim |
| 49 | CNR | Core Natural Resources Inc | -0.8% | -0.96% | Trim |
| 50 | ✓ | Ferroglobe PLC | -0.8% | -28.04% | Trim |
1–50 of 55
Filing History
FAQ
What is Ballast Asset Management, LP and what type of investor is it?
Ballast Asset Management, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $250.7M, spread across 53 disclosed positions.
What are Ballast Asset Management, LP's largest equity positions?
Based on the latest 13F filing, Ballast Asset Management, LP's top holdings by market value are:
1. Azz Inc (AZZ) — $8.6M (3.4%)
2. Bel Fuse Inc-cl B (BELFB) — $7.8M (3.1%)
3. Federal Agric Mtg Corp-cl C (AGM) — $7.4M (3.0%)
4. Cavco Industries Inc (CVCO) — $7.4M (2.9%)
5. Climb Global Solutions Inc (CLMB) — $7.3M (2.9%)
What changes did Ballast Asset Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Ballast Asset Management, LP made 54 notable position adjustments: 3 new positions were initiated, 8 existing holdings were added to, 41 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Paysign Inc (PAYS); New buy: Barnes & Noble Education Inc (BNED); Sold out: Iradimed CORP (IRMD); New buy: Third Coast Bancshares Inc (TCBX); Sold out: Global Business Travel Group (GBTG)
What sectors does Ballast Asset Management, LP focus on?
Ballast Asset Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 35.0%
• Consumer Discretionary: 15.0%
• Materials: 13.3%
• Energy: 10.1%
• Information Technology: 9.4%
• Financials: 7.8%
Investment Profile
Ballast Asset Management, LP returned an annualized 18.6% over the trailing 33 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.90 (roughly in line with the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 35.0% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its CCSI position over the past two quarters (+$3.7M, now $6.3M), while trimming Ferroglobe PLC over the same stretch (-$1.9M, still holding $2.0M).
Peer Institutions
Institutions with a similar AUM
LA
Latitude Advisors, LLC
CIK 0001843715
Total reported value
$250.8M
239 stks
2026-06-30
Concentration7.8
Portfolio Stability0.0
Sector conviction54.8
AUM within 0.0% of this institution
View detail
BW
Bridgewater Wealth & Financial Management, LLC
CIK 0001648901
Total reported value
$250.7M
27 stks
2017-12-31
Stale — no recent filing
Concentration28.3
Portfolio Stability11.8
Sector conviction51.6
AUM within 0.0% of this institution
View detail
AF
Abound Financial, LLC
CIK 0002024264
Total reported value
$250.8M
297 stks
2026-06-30
Concentration26.3
Portfolio Stability11.3
Sector conviction65.5
AUM within 0.0% of this institution
View detail
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Developer Access
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