Institutional Manager · CIK 0001998389
Ballast Asset Management, LP
DALLAS, TX · File #028-23439
Latest AUM
$211.7M
Positions
52
Top-10 Concentration
31.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SOLARIS ENERGY INFRAS INC | SEI | -68,748 | -$3.2M | +$1.1M |
| EXITED | AMDOCS LTD | G02602103 | -23,493 | -$1.9M | $0 |
| NEW | ADVANSIX INC | ASIX | +106,734 | +$1.8M | $0 |
| REDUCE | BEL FUSE INC | BELFB | -9,072 | -$1.5M | +$1.5M |
| EXITED | AMERICAS CAR-MART INC | 03062T105 | -50,949 | -$1.5M | $0 |
| ADD | GEO GROUP INC NEW | GEO | +76,927 | +$1.2M | -$790,668 |
| ADD | EPSILON ENERGY LTD | EPSN | +239,595 | +$1.1M | -$221,891 |
| EXITED | BIOCERES CROP SOLUTIONS CORP | G1117K114 | -745,030 | -$1.0M | $0 |
| ADD | QUIDELORTHO CORP | QDEL | +18,756 | +$535,671 | -$71,217 |
| REDUCE | NATURAL RESOURCE PARTNERS L | 63900P608 | -3,661 | -$382,208 | -$45,521 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202552 pos · $211.7M
- 13F HOLDINGS REPORTQ/E Sep 202554 pos · $219.1M
- 13F HOLDINGS REPORTQ/E Jun 202554 pos · $192.4M
- 13F HOLDINGS REPORTQ/E Mar 202554 pos · $189.7M
- 13F HOLDINGS REPORTQ/E Dec 202453 pos · $201.7M
- 13F HOLDINGS REPORTQ/E Sep 202449 pos · $195.6M
- 13F HOLDINGS REPORTQ/E Jun 202451 pos · $184.3M
- 13F HOLDINGS REPORTQ/E Mar 202451 pos · $184.6M
- 13F HOLDINGS REPORTQ/E Dec 202352 pos · $107.9M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | CLIMB GLOBAL SOLUTIONS INC | CLMB | 76,857 | $7.9M | 3.78% |
| 2 | NATURAL RESOURCE PARTNERS L | 63900P608 | 72,207 | $7.5M | 3.61% |
| 3 | BEL FUSE INC | BELFB | 42,008 | $7.1M | 3.41% |
| 4 | TURNING PT BRANDS INC | 90041L105 | 65,242 | $7.1M | 3.39% |
| 5 | CAVCO INDS INC DEL | 149568107 | 11,812 | $7.0M | 3.34% |
| 6 | FEDERAL AGRIC MTG CORP | 313148306 | 34,977 | $6.1M | 2.94% |
| 7 | AZZ INC | AZZ | 54,692 | $5.9M | 2.81% |
| 8 | BRINKS CO | BCO | 49,506 | $5.8M | 2.77% |
| 9 | ROYAL GOLD INC | RGLD | 25,707 | $5.7M | 2.74% |
| 10 | COMPOSECURE INC | 20459V105 | 283,203 | $5.5M | 2.62% |
| 11 | PATRICK INDS INC | 703343103 | 48,544 | $5.3M | 2.52% |
| 12 | ECOVYST INC | ECVT | 540,845 | $5.3M | 2.52% |
| 13 | CAPITAL BANCORP INC MD | CBNK | 184,880 | $5.2M | 2.49% |
| 14 | SOLARIS ENERGY INFRAS INC | SEI | 113,026 | $5.2M | 2.49% |
| 15 | COLLEGIUM PHARMACEUTICAL INC | COLL | 110,443 | $5.1M | 2.45% |
| 16 | LANDSTAR SYS INC | LSTR | 33,424 | $4.8M | 2.30% |
| 17 | METALLUS INC | MTUS | 279,412 | $4.8M | 2.30% |
| 18 | MERCHANTS BANCORP IND | MBINN | 133,296 | $4.5M | 2.17% |
| 19 | EAGLE MATLS INC | 26969P108 | 21,473 | $4.4M | 2.13% |
| 20 | TEREX CORP NEW | TEX | 83,054 | $4.4M | 2.12% |