13F HOLDINGS REPORT

Ballast, Inc.

Quarter ended Q2 2025 · Filed July 29, 2025 · Accession 0001172661-25-002779

Total Value

$244.4M

Positions

151

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (151)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANECK ETF TRUST	92189F676	36,654	$10.2M	4.18%
2	APPLE INC	AAPL	41,185	$8.4M	3.46%
3	PROSHARES TR	74348A467	81,304	$8.2M	3.35%
4	NVIDIA CORPORATION	NVDA	51,786	$8.2M	3.35%
5	SCHWAB STRATEGIC TR	808524102	327,350	$7.8M	3.19%
6	AMAZON COM INC	AMZN	34,692	$7.6M	3.11%
7	SCHWAB STRATEGIC TR	808524300	239,349	$7.0M	2.86%
8	SPDR S&P 500 ETF TR	SPY	10,685	$6.6M	2.70%
9	INVESCO EXCHANGE TRADED FD T	IVZ	158,772	$6.5M	2.65%
10	INVESCO EXCHANGE TRADED FD T	IVZ	80,446	$6.1M	2.51%
11	SELECT SECTOR SPDR TR	81369Y803	23,703	$6.0M	2.46%
12	INVESCO QQQ TR	IVZ	9,722	$5.4M	2.19%
13	J P MORGAN EXCHANGE TRADED F	46641Q332	81,366	$4.6M	1.89%
14	SCHWAB STRATEGIC TR	808524797	167,272	$4.4M	1.81%
15	ISHARES TR	464287226	42,838	$4.2M	1.74%
16	ISHARES TR	464287168	31,847	$4.2M	1.73%
17	INVESCO EXCHANGE TRADED FD T	IVZ	22,806	$4.1M	1.70%
18	AMPLIFY ETF TR	032108664	47,328	$4.1M	1.67%
19	ISHARES TR	464287242	34,004	$3.7M	1.53%
20	SELECT SECTOR SPDR TR	81369Y605	69,044	$3.6M	1.48%
21	INVESCO EXCHANGE TRADED FD T	IVZ	117,495	$3.4M	1.40%
22	META PLATFORMS INC	META	4,595	$3.4M	1.39%
23	VANGUARD INDEX FDS	922908538	10,743	$3.1M	1.25%
24	VANGUARD BD INDEX FDS	921937819	38,052	$2.9M	1.20%
25	SELECT SECTOR SPDR TR	81369Y506	34,167	$2.9M	1.19%
26	SCHWAB STRATEGIC TR	808524201	107,112	$2.6M	1.07%
27	FRANKLIN ETF TR	353506108	28,466	$2.6M	1.06%
28	INVESCO EXCHANGE TRADED FD T	IVZ	48,309	$2.6M	1.06%
29	SELECT SECTOR SPDR TR	81369Y209	18,981	$2.6M	1.05%
30	VANGUARD SPECIALIZED FUNDS	921908844	12,147	$2.5M	1.02%
31	VANGUARD INDEX FDS	922908751	9,885	$2.3M	0.96%
32	ALPS ETF TR	00162Q858	38,803	$2.2M	0.91%
33	SCHWAB STRATEGIC TR	808524607	87,844	$2.2M	0.91%
34	ISHARES TR	464287432	25,146	$2.2M	0.91%
35	GLOBAL X FDS	37954Y483	128,504	$2.1M	0.88%
36	SCHWAB STRATEGIC TR	808524508	74,987	$2.1M	0.86%
37	INVESCO EXCHANGE TRADED FD T	IVZ	27,645	$2.1M	0.84%
38	J P MORGAN EXCHANGE TRADED F	46654Q203	35,974	$2.0M	0.80%
39	GRAYSCALE BITCOIN TRUST ETF	GBTC	22,348	$1.9M	0.78%
40	SELECT SECTOR SPDR TR	81369Y704	12,623	$1.9M	0.76%
41	AIM ETF PRODUCTS TRUST	00888H208	54,977	$1.8M	0.75%
42	ISHARES TR	464288687	59,065	$1.8M	0.74%
43	AMERICAN CENTY ETF TR	025072877	19,476	$1.8M	0.73%
44	AIM ETF PRODUCTS TRUST	00888H802	50,140	$1.8M	0.72%
45	VANECK ETF TRUST	92189F429	101,408	$1.7M	0.71%
46	UBER TECHNOLOGIES INC	UBER	17,678	$1.6M	0.67%
47	INVESCO EXCHANGE TRADED FD T	IVZ	53,405	$1.6M	0.65%
48	ENERGY TRANSFER L P	ET-PI	85,916	$1.6M	0.64%
49	SELECT SECTOR SPDR TR	81369Y100	17,146	$1.5M	0.62%
50	ISHARES TR	464287523	5,883	$1.4M	0.57%
51	KKR INCOME OPPORTUNITIES FD	KKRT	111,051	$1.4M	0.57%
52	MICROSOFT CORP	MSFT	2,771	$1.4M	0.56%
53	AMERICAN CENTY ETF TR	025072257	26,726	$1.4M	0.56%
54	BLACKSTONE SECD LENDING FD	BX	44,739	$1.4M	0.56%
55	INTERNATIONAL BUSINESS MACHS	INTR	4,635	$1.4M	0.56%
56	INVESCO EXCHANGE TRADED FD T	IVZ	24,048	$1.3M	0.52%
57	BLACKROCK ETF TRUST II	BLK	23,302	$1.2M	0.50%
58	WISDOMTREE TR	WT	33,955	$1.2M	0.50%
59	INVESCO EXCHANGE TRADED FD T	IVZ	22,523	$1.2M	0.48%
60	ISHARES TR	46429B655	22,884	$1.2M	0.48%
61	ALPHABET INC	GOOG	6,394	$1.1M	0.46%
62	ISHARES TR	464288513	13,930	$1.1M	0.46%
63	GRAYSCALE BITCOIN MINI TR ET	389930207	23,486	$1.1M	0.46%
64	GLOBAL X FDS	37950E416	20,846	$1.1M	0.46%
65	ISHARES TR	464288760	5,847	$1.1M	0.45%
66	SPDR SERIES TRUST	78464A698	18,508	$1.1M	0.45%
67	VERIZON COMMUNICATIONS INC	VZ	25,219	$1.1M	0.45%
68	NETFLIX INC	NFLX	782	$1.0M	0.43%
69	SELECT SECTOR SPDR TR	81369Y886	12,717	$1.0M	0.42%
70	SCHWAB STRATEGIC TR	808524870	38,658	$1.0M	0.42%
71	ISHARES TR	464288810	15,481	$969,730	0.40%
72	SPDR SERIES TRUST	78464A102	4,009	$951,256	0.39%
73	ISHARES TR	46429B747	8,438	$868,355	0.36%
74	CONSOLIDATED EDISON INC	ED	7,741	$776,852	0.32%
75	VANGUARD WORLD FD	92204A504	3,117	$774,076	0.32%
76	GLOBAL X FDS	37954Y384	20,825	$772,604	0.32%
77	AMERICAN CENTY ETF TR	025072109	15,822	$744,742	0.30%
78	GLOBAL X FDS	37954Y475	18,355	$714,743	0.29%
79	DISNEY WALT CO	254687106	5,566	$690,245	0.28%
80	AIM ETF PRODUCTS TRUST	00888H687	21,790	$657,415	0.27%
81	AIM ETF PRODUCTS TRUST	00888H406	16,795	$624,270	0.26%
82	AMERICAN CENTY ETF TR	025072703	8,211	$607,666	0.25%
83	VANGUARD INDEX FDS	922908363	1,066	$605,520	0.25%
84	BERKSHIRE HATHAWAY INC DEL	BRK-A	1,201	$583,410	0.24%
85	AIM ETF PRODUCTS TRUST	00888H844	18,009	$580,297	0.24%
86	ISHARES TR	464287481	4,060	$563,041	0.23%
87	ALPHABET INC	GOOG	3,134	$556,007	0.23%
88	INVESCO EXCH TRADED FD TR II	IVZ	7,506	$546,587	0.22%
89	EATON VANCE TAX-MANAGED GLOB	ETN	62,420	$539,936	0.22%
90	SELECT SECTOR SPDR TR	81369Y407	2,453	$533,110	0.22%
91	VANGUARD INDEX FDS	922908512	3,201	$526,472	0.22%
92	SPDR GOLD TR	GLD	1,689	$514,858	0.21%
93	BLACKROCK CAP ALLOCATION TER	BLK	33,066	$500,619	0.20%
94	INVESCO EXCHANGE TRADED FD T	IVZ	7,005	$498,196	0.20%
95	SCHWAB STRATEGIC TR	808524631	18,491	$490,751	0.20%
96	AMPLIFY ETF TR	032108409	11,380	$484,219	0.20%
97	ISHARES BITCOIN TRUST ETF	IBIT	7,852	$480,621	0.20%
98	SELECT SECTOR SPDR TR	81369Y852	4,320	$468,850	0.19%
99	MANAGED PORTFOLIO SERIES	56167N183	18,171	$459,363	0.19%
100	AIM ETF PRODUCTS TRUST	00888H711	14,563	$446,816	0.18%
101	VANGUARD INDEX FDS	922908629	1,595	$446,329	0.18%
102	SCHWAB STRATEGIC TR	808524409	15,950	$441,337	0.18%
103	TESLA INC	TSLA	1,323	$420,302	0.17%
104	AMERICAN CENTY ETF TR	025072810	3,832	$418,676	0.17%
105	AIM ETF PRODUCTS TRUST	00888H786	13,075	$417,734	0.17%
106	BROADCOM INC	AVGO	1,481	$408,111	0.17%
107	INVESCO EXCHANGE TRADED FD T	IVZ	5,771	$397,333	0.16%
108	AIM ETF PRODUCTS TRUST	00888H737	12,411	$395,449	0.16%
109	INVESCO EXCH TRADED FD TR II	IVZ	14,840	$393,705	0.16%
110	JPMORGAN CHASE & CO.	VYLD	1,338	$387,903	0.16%
111	ISHARES TR	464287457	4,629	$383,534	0.16%
112	ELI LILLY & CO	LLY	478	$372,484	0.15%
113	INVESCO EXCH TRADED FD TR II	IVZ	16,808	$351,623	0.14%
114	CROWDSTRIKE HLDGS INC	CRWD	671	$341,747	0.14%
115	WALMART INC	WMT	3,385	$330,956	0.14%
116	SCHWAB STRATEGIC TR	808524805	14,907	$329,445	0.13%
117	SELECT SECTOR SPDR TR	81369Y860	7,896	$327,052	0.13%
118	HOME DEPOT INC	HD	834	$305,671	0.13%
119	GLOBAL X FDS	37960A529	5,048	$304,142	0.12%
120	AIM ETF PRODUCTS TRUST	00888H752	9,306	$299,323	0.12%
121	AIM ETF PRODUCTS TRUST	00888H794	9,285	$293,360	0.12%
122	GLOBAL X FDS	37954Y376	12,819	$292,273	0.12%
123	INVESCO EXCHANGE TRADED FD T	IVZ	20,276	$286,094	0.12%
124	VANGUARD WORLD FD	92204A405	2,171	$276,368	0.11%
125	GLOBAL X FDS	37950E291	15,610	$274,424	0.11%
126	SELECT SECTOR SPDR TR	81369Y308	3,301	$267,282	0.11%
127	SCHWAB STRATEGIC TR	808524706	8,734	$263,243	0.11%
128	INVESCO EXCH TRADED FD TR II	IVZ	5,385	$256,111	0.10%
129	PFIZER INC	PFE	10,284	$249,281	0.10%
130	SPDR SERIES TRUST	78464A631	1,180	$248,909	0.10%
131	VANGUARD INDEX FDS	922908736	565	$247,696	0.10%
132	VANGUARD INDEX FDS	922908553	2,754	$245,267	0.10%
133	ISHARES TR	464288869	1,865	$238,086	0.10%
134	COINBASE GLOBAL INC	COIN	655	$229,571	0.09%
135	EXXON MOBIL CORP	XOM	2,126	$229,227	0.09%
136	AIM ETF PRODUCTS TRUST	00888H778	7,039	$229,014	0.09%
137	PALO ALTO NETWORKS INC	PANW	1,115	$228,174	0.09%
138	VANGUARD INDEX FDS	922908769	725	$220,284	0.09%
139	FIRST TR EXCHANGE-TRADED FD	33733E302	805	$216,811	0.09%
140	VANGUARD INDEX FDS	922908744	1,209	$213,679	0.09%
141	AMERICAN CENTY ETF TR	025072802	2,692	$213,422	0.09%
142	VANGUARD MALVERN FDS	922020805	4,190	$210,631	0.09%
143	GLOBAL X FDS	37954Y814	6,098	$208,674	0.09%
144	GLOBAL X FDS	37954Y632	4,729	$206,615	0.08%
145	ISHARES TR	464288828	4,220	$205,303	0.08%
146	CREDIT SUISSE HIGH YIELD BD	DHY	96,335	$205,194	0.08%
147	SSGA ACTIVE ETF TR	78467V202	6,320	$204,255	0.08%
148	ORACLE CORP	ORCL-PD	931	$203,545	0.08%
149	INVESCO EXCH TRADED FD TR II	IVZ	9,885	$201,951	0.08%
150	PUTNAM MANAGED MUN INCOME TR	746823103	30,832	$184,375	0.08%
151	ALDEYRA THERAPEUTICS INC	ALDX	31,623	$121,116	0.05%