Ballast Asset Management, LP

CIK

1998389

Location

DALLAS, TX

Portfolio Value

Small $220,028,634

Diversification

Diversified

Filing Date

Global Rank

#3,660 / 8,232 ▲ 452

Top Industry

Banks - Regional 6.7%

3Y Alpha vs SPY

-6.4%

Period ended 2 months ago

Filed May 7, 2026 · 38d

11 quarters · since Sep 2023

Clone Performance

Nov 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+48.6%

SPY

+70.5%

Annualised alpha

-6.4%

Max drawdown

−24.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

51 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.2%

+0.4 pts

Top 5

16.6%

−0.3 pts

Top 10

30.0%

−0.7 pts

HHI

222

Diversified−2

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	22.4%	$49,369,536	11
Basic Materials	15.4%	$33,784,891	8
Energy	14.4%	$31,714,976	5
Technology	11.3%	$24,937,258	7
Financial Services	11.1%	$24,325,016	5
Consumer Cyclical	8.6%	$19,032,094	5
Healthcare	7.5%	$16,476,595	5
Consumer Defensive	3.9%	$8,677,826	2
Communication Services	3.6%	$7,932,617	2
Real Estate	1.7%	$3,777,825	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CLMB	Climb Global Solutions, Inc.	+242,331	319,188	$6,326,306
KOS	Kosmos Energy Ltd.	+207,315	2,028,059	$5,638,004
GEO	Geo Group Inc	+62,890	320,748	$5,391,773
CRTO	Criteo S.A.	+51,860	233,538	$4,187,336
CCSI	Consensus Cloud Solutions, Inc.	+49,730	166,085	$3,942,857
QDEL	QuidelOrtho Corp	+47,185	145,960	$2,398,122
HLMN	Hillman Solutions Corp.	+26,190	445,835	$3,709,347
RCMT	Rcm Technologies, Inc.	+25,910	160,995	$3,081,444
BRKR	Bruker Corp	+23,482	90,564	$3,271,171
GSM	Ferroglobe PLC	+21,010	870,172	$3,585,108
EPSN	Epsilon Energy Ltd.	+20,000	814,322	$5,016,223
ATNI	ATN International, Inc.	+15,185	137,593	$3,745,281
ECVT	Ecovyst Inc.	+13,780	554,625	$7,132,477
CBT	Cabot Corp	+12,311	40,746	$3,068,581
GBTG	Global Business Travel Group, Inc.	+11,825	501,344	$2,797,499
ASIX	AdvanSix Inc.	+10,390	117,124	$2,857,825
MLI	Mueller Industries Inc	+8,129	37,339	$4,137,161
G	Genpact LTD	+7,432	83,112	$3,095,922
GPGI	GPGI, Inc.	+7,220	290,423	$4,966,233
MTUS	Metallus Inc.	+7,075	286,487	$4,681,197
OZK	Bank OZK	+5,700	72,305	$3,318,076
BLCO	Bausch & Lomb Corp	+5,240	219,566	$3,491,099
CBNK	Capital Bancorp Inc	+4,965	189,845	$5,645,990
TRIP	TripAdvisor, Inc.	+4,420	183,413	$1,955,182
NRP	Natural Resource Partners LP	+3,661	75,868	$9,180,028
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
IPGP	Ipg Photonics Corp	−7,695	26,119	$2,992,976
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
SPSC	Sps Commerce Inc	37,400	$2,082,058
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
RHLD	Resolute Holdings Management, Inc.	15,869	$3,275,837
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

51 positions · $220,028,634 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 51 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NRP	Natural Resource Partners LP Energy	Added	75,868	+3,661	$9,180,028	+21.8%	4.17%
ECVT	Ecovyst Inc. Basic Materials	Added	554,625	+13,780	$7,132,477	+35.5%	3.24%
AZZ	Azz Inc Industrials	Added	56,052	+1,360	$7,013,786	+19.7%	3.19%
RGLD	Royal Gold Inc Basic Materials	Added	26,357	+650	$6,707,592	+17.4%	3.05%
SEI	Solaris Energy Infrastructure, Inc. Energy	Added	115,871	+2,845	$6,547,870	+26.0%	2.98%
CLMB	Climb Global Solutions, Inc. Technology	Added	319,188	+242,331	$6,326,306	+220.3%	2.88%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Added	12,117	+305	$5,868,141	−15.9%	2.67%
MBIN	Merchants Bancorp Financial Services	Added	136,586	+3,290	$5,860,905	+29.1%	2.66%
TPB	Turning Point Brands, Inc. Consumer Defensive	Added	66,887	+1,645	$5,805,122	−17.9%	2.64%
CBNK	Capital Bancorp Inc Financial Services	Added	189,845	+4,965	$5,645,990	+8.4%	2.57%
KOS	Kosmos Energy Ltd. Energy	Added	2,028,059	+207,315	$5,638,004	+240.3%	2.56%
AGM	Federal Agricultural Mortgage Corp Financial Services	Added	37,592	+2,615	$5,576,773	−9.2%	2.53%
PATK	Patrick Industries Inc Consumer Cyclical	Added	49,759	+1,215	$5,526,732	+5.0%	2.51%
LSTR	Landstar System Inc Industrials	Added	34,249	+825	$5,490,457	+14.3%	2.50%
GEO	Geo Group Inc Industrials	Added	320,748	+62,890	$5,391,773	+29.7%	2.45%
CNR	Core Natural Resources, Inc. Energy	Added	50,920	+1,225	$5,332,851	+21.2%	2.42%
BCO	Brinks Co Industrials	Added	51,249	+1,743	$5,310,933	−8.1%	2.41%
TEX	Terex Corp Industrials	Added	85,144	+2,090	$5,032,010	+13.5%	2.29%
EPSN	Epsilon Energy Ltd. Energy	Added	814,322	+20,000	$5,016,223	+36.1%	2.28%
GPGI	GPGI, Inc. Industrials	Added	290,423	+7,220	$4,966,233	−9.0%	2.26%
MTUS	Metallus Inc. Basic Materials	Added	286,487	+7,075	$4,681,197	−2.4%	2.13%
KN	Knowles Corp Technology	Added	170,987	+3,650	$4,390,946	+22.4%	2.00%
CRTO	Criteo S.A. Communication Services	Added	233,538	+51,860	$4,187,336	+11.8%	1.90%
EXP	Eagle Materials Inc Basic Materials	Added	21,978	+505	$4,163,732	−6.2%	1.89%
MLI	Mueller Industries Inc Industrials	Added	37,339	+8,129	$4,137,161	+23.4%	1.88%
CCSI	Consensus Cloud Solutions, Inc. Technology	Added	166,085	+49,730	$3,942,857	+55.3%	1.79%
MTG	Mgic Investment Corp Financial Services	Added	149,458	+3,650	$3,923,272	−7.9%	1.78%
EPR	Epr Properties Real Estate	Added	75,617	+1,815	$3,777,825	+2.6%	1.72%
ATNI	ATN International, Inc. Communication Services	Added	137,593	+15,185	$3,745,281	+34.2%	1.70%
COLL	Collegium Pharmaceutical, Inc Healthcare	Added	113,223	+2,780	$3,744,284	−26.8%	1.70%
HLMN	Hillman Solutions Corp. Industrials	Added	445,835	+26,190	$3,709,347	+2.1%	1.69%
GSM	Ferroglobe PLC Basic Materials	Added	870,172	+21,010	$3,585,108	−9.0%	1.63%
IRMD	Iradimed Corp Healthcare	Added	37,107	+870	$3,571,919	+1.3%	1.62%
BLCO	Bausch & Lomb Corp Healthcare	Added	219,566	+5,240	$3,491,099	−4.6%	1.59%
OZK	Bank OZK Financial Services	Added	72,305	+5,700	$3,318,076	+8.3%	1.51%
BRKR	Bruker Corp Healthcare	Added	90,564	+23,482	$3,271,171	+3.5%	1.49%
G	Genpact LTD Technology	Added	83,112	+7,432	$3,095,922	−12.6%	1.41%
RCMT	Rcm Technologies, Inc. Industrials	Added	160,995	+25,910	$3,081,444	+11.5%	1.40%
CBT	Cabot Corp Basic Materials	Added	40,746	+12,311	$3,068,581	+62.8%	1.39%
IPGP	Ipg Photonics Corp Technology	Reduced	26,119	-7,695	$2,992,976	+23.6%	1.36%
DCI	DONALDSON Co INC Industrials	Added	35,107	+865	$2,979,531	−1.9%	1.35%
PHIN	Phinia Inc. Consumer Cyclical	Added	42,147	+1,025	$2,884,540	+11.9%	1.31%
IMKTA	Ingles Markets Inc Consumer Defensive	Added	31,958	+775	$2,872,704	+34.4%	1.31%
ASIX	AdvanSix Inc. Basic Materials	Added	117,124	+10,390	$2,857,825	+54.8%	1.30%
GBTG	Global Business Travel Group, Inc. Consumer Cyclical	Added	501,344	+11,825	$2,797,499	−25.3%	1.27%
QDEL	QuidelOrtho Corp Healthcare	Added	145,960	+47,185	$2,398,122	−15.0%	1.09%
CASS	Cass Information Systems Inc Industrials	Added	51,269	+1,260	$2,256,861	+8.7%	1.03%
EXTR	Extreme Networks Inc Technology	Added	139,668	+3,350	$2,106,193	−7.2%	0.96%
SPSC	Sps Commerce Inc Technology	NEW	37,400	NEW	$2,082,058	NEW	0.95%
TRIP	TripAdvisor, Inc. Consumer Cyclical	Added	183,413	+4,420	$1,955,182	−25.0%	0.89%