Q2 2026 13F · SEC CIK 1998389

Ballast Asset Management, LP

Mutual fund managerFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $250.7M
Reported positions: 53
Top holdings a year, 3 yrs: +18.0%
Assets under management: $220.7M

Ballast Asset Management, LP is a mutual fund manager that reported 53 positions worth $250.7M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Azz Inc (AZZ, 3.4%), Bel Fuse Inc. - Class B Common Stock (BELFB, 3.1%), Federal Agric Mtg Corp (AGM, 3.0%). A portfolio copying its top holdings returned 18.0% a year over the last 3 years, against 21.8% for the S&P 500.

Ballast Asset Management, LP holdings largest 50 of 53 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Ballast Asset Management, LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AZZAzz Inc	3.4%	3.1%	55,508	-1.0%	$8.6M
BELFBBel Fuse Inc. - Class B Common Stock	3.1%	2.1%	23,493	-1.0%	$7.8M
AGMFederal Agric Mtg Corp	3.0%	2.5%	37,226	-1.0%	$7.4M
CVCOCavco Inds Inc Del	2.9%	2.6%	11,995	-1.0%	$7.4M
CLMBClimb Global Solutions Inc.	2.9%	2.8%	315,770	-1.1%	$7.3M
NRPNatural Resource Partners LP	2.9%	4.1%	74,806	-1.4%	$7.3M
LSTRLandstar Systems Inc	2.8%	2.4%	33,919	-1.0%	$7.0M
ECVTEcovyst Inc	2.7%	3.2%	549,113	-1.0%	$6.8M
MBINMerchants Bancorp Ind	2.7%	2.6%	135,270	-1.0%	$6.8M
CBNKCapital Bancorp Inc Md	2.6%	2.5%	187,859	-1.0%	$6.6M
CCSIConsensus Cloud Solutions in	2.5%	1.8%	164,457	-1.0%	$6.3M
SOISolaris Energy Infrastructure Inc	2.5%	2.9%	77,119	-33.4%	$6.2M
TEXTerex Corp New	2.4%	2.2%	84,308	-1.0%	$6.1M
GEOGeo Group Inc	2.4%	2.4%	200,700	-37.4%	$5.9M
CMPOGpgi Inc	2.4%	2.2%	373,895	+28.7%	$5.9M
MLIMueller Industries, Inc.	2.4%	1.8%	48,033	+28.6%	$5.9M
TPBTurning Pt Brands Inc	2.2%	2.6%	66,229	-1.0%	$5.6M
BRKRBruker Corp	2.2%	1.5%	89,714	-0.9%	$5.4M
MTUSMetallus Inc	2.1%	2.1%	283,657	-1.0%	$5.3M
HLMNHillman Solutions Corp	2.0%	1.7%	593,050	+33.0%	$5.0M
EXPEagle Matls Inc	2.0%	1.9%	21,776	-0.9%	$4.9M
BCOBrinks Co	1.9%	2.4%	50,741	-1.0%	$4.8M
CBTCabot Corp	1.9%	1.4%	52,510	+28.9%	$4.8M
CRTOCriteo SA	1.9%	1.9%	256,488	+9.8%	$4.7M
RCMTRCM Technologies	1.8%	1.4%	159,631	-0.8%	$4.5M
EXTRExtreme Networks Inc	1.8%	0.9%	138,328	-1.0%	$4.5M
PATKPatrick Inds Inc	1.8%	2.5%	49,273	-1.0%	$4.4M
EPSNEpsilon Energy Ltd	1.7%	2.2%	806,322	-1.0%	$4.4M
EPREpr Pptys	1.7%	1.7%	74,891	-1.0%	$4.3M
KOSKosmos Energy Ltd	1.7%	2.5%	2,008,153	-1.0%	$4.2M
MTGMgic Invt Corp Wis	1.7%	1.7%	147,998	-1.0%	$4.2M
COLLCollegium Pharmaceutical Inc	1.6%	1.7%	112,111	-1.0%	$4.1M
CNRCore Nat Res Inc	1.6%	2.4%	50,430	-1.0%	$4.0M
CASSCass Information Sys Inc	1.6%	1.0%	77,287	+50.7%	$4.0M
PAYSPaysign Inc	1.5%	—	467,476	—	$3.8M
RGLDRoyal Gold Inc	1.5%	3.0%	19,045	-27.7%	$3.8M
BNEDBarnes & Noble Ed Inc	1.5%	—	299,611	—	$3.8M
OZKBank Ozk Little Rock Ark Com	1.5%	1.5%	71,665	-0.9%	$3.7M
ATNIAtn Intl Inc	1.4%	1.7%	136,243	-1.0%	$3.6M
BLCOBausch Plus Lomb Corp	1.4%	1.6%	217,470	-1.0%	$3.6M
PHINPhinia Inc	1.4%	1.3%	41,737	-1.0%	$3.4M
GGenpact Limited	1.3%	1.4%	119,326	+43.6%	$3.3M
KNKnowles Corp	1.3%	2.0%	78,637	-54.0%	$3.3M
TCBXThird Coast Bancshares Inc	1.3%	—	80,250	—	$3.2M
SPSCSps Comm Inc	1.3%	0.9%	56,249	+50.4%	$3.2M
DCIDonaldson Inc	1.2%	1.3%	34,761	-1.0%	$3.1M
IPGPIpg Photonics Corp	1.2%	1.3%	25,875	-0.9%	$3.0M
IMKTAIngles Mkts Inc	1.1%	1.3%	31,648	-1.0%	$2.8M
QDELQuidelortho Corp	1.0%	1.1%	144,526	-1.0%	$2.5M
TRIPTripadvisor Inc	1.0%	—	181,645	—	$2.5M

What Ballast Asset Management, LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.8% /yr; S&P 500 +20.1%
3 years: +18.0% /yr; S&P 500 +21.8%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$250.7M	53
Q1 2026	$224.7M	52
Q4 2025	$211.7M	52
Q3 2025	$219.1M	54
Q2 2025	$192.4M	54
Q1 2025	$189.7M	54
Q4 2024	$201.7M	53
Q3 2024	$195.6M	49
Q2 2024	$184.3M	51
Q1 2024	$184.6M	51
Q4 2023	$157.3M	48
Q3 2023	$107.9M	52

Questions about Ballast Asset Management, LP's portfolio

What stocks does Ballast Asset Management, LP own?

Ballast Asset Management, LP's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 53 positions worth $250.7M. The largest are Azz Inc (AZZ) at 3.4%, Bel Fuse Inc. - Class B Common Stock (BELFB) at 3.1%, Federal Agric Mtg Corp (AGM) at 3.0%, Cavco Inds Inc Del (CVCO) at 2.9% and Climb Global Solutions Inc. (CLMB) at 2.9%.

What did Ballast Asset Management, LP buy last quarter?

In Q2 2026, Ballast Asset Management, LP added Cass Information Sys Inc (CASS) (+50.7% shares), Sps Comm Inc (SPSC) (+50.4% shares) and Genpact Limited (G) (+43.6% shares), compared with its Q1 2026 filing.

What did Ballast Asset Management, LP sell last quarter?

In Q2 2026, Ballast Asset Management, LP cut from its top 50 Ferroglobe PLC (GSM), cut from its top 50 Iradimed Corp (IRMD), cut from its top 50 Advansix Inc (ASIX), cut from its top 50 Global Business Travel Group (GBTG), Knowles Corp (KN) (-54.0% shares), Geo Group Inc (GEO) (-37.4% shares) and Solaris Energy Infrastructure Inc (SOI) (-33.4% shares), compared with its Q1 2026 filing.

How has Ballast Asset Management, LP's portfolio performed?

A portfolio copying Ballast Asset Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.0% a year over the last 3 years, against +21.8% for the S&P 500. Over 1 year: +17.8% against +20.1%.

When is Ballast Asset Management, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Ballast Asset Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Ballast Asset Management, LP manage?

Ballast Asset Management, LP reported $220.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $250.7M.