Ballast Asset Management, LP
Ballast Asset Management, LP reported 53 US-listed holdings worth $250.7 million in its 13F for the quarter ended 30 June 2026, filed 13 August 2026. Its largest: AZZ Inc. (3.4%), Bel Fuse Inc. (3.1%) and Federal Agric MTG Corp. (3.0%). Against the quarter before, it opened 3 positions, added to 8, trimmed 41 and sold out of 2.
Reported holdings$250.7M+11.6% on Q1 2026
Positions53+1 on Q1 2026
The largest ten29.1%of its reported holdings
Latest 13FQ2 2026filed 13 August 2026
Trimmed
The 14 largest of its 53 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +34.7% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 3Added 8Held 1Trimmed 41Sold out 2
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 3
- Paysign Inc. PAYS$3.8 million
- Barnes & Noble Ed Inc. BNED$3.8 million
- Third Coast Bancshares Inc. TCBX$3.2 million
Added to 8
- Cass Information Sys Inc. CASS+26,018 shares · +51%
- Composecure Inc. GPGI+83,472 shares · +29%
- Mueller Industries Inc. MLI+10,694 shares · +29%
- Hillman Solutions Corp. HLMN+147,215 shares · +33%
- SPS Commerce Inc. SPSC+18,849 shares · +50%
- Cabot Corp. CBT+11,764 shares · +29%
- Genpact Ltd. G+36,214 shares · +44%
- Criteo S A CRTO+22,950 shares · +10%
Trimmed 41
- Knowles Corp. KN-92,350 shares · -54%
- GEO Group Inc. GEO-120,048 shares · -37%
- Solaris Energy Infrastructure, Inc. SEI-38,752 shares · -33%
- Royal Gold Inc. RGLD-7,312 shares · -28%
- Ferroglobe PLC GSM-243,977 shares · -28%
- Natural Resource Partners L NRP-1,062 shares · -1%
- AZZ Inc. AZZ-544 shares · -1%
- Climb Global Solutions Inc. CLMB-3,418 shares · -1%
and 33 more in the table below
Sold out of 2
- Iradimed Corp. IRMD$3.6 million last quarter
- Global Business Travel Group GBTG$2.8 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| AZZ Inc. AZZ | 55.5K | $8.6 million | 3.43% | -544 |
| Bel Fuse Inc. BELFB | 23.5K | $7.8 million | 3.12% | -234 |
| Federal Agric MTG Corp. AGM | 37.2K | $7.4 million | 2.96% | -366 |
| Cavco Industries, Inc. CVCO | 12.0K | $7.4 million | 2.94% | -122 |
| Climb Global Solutions Inc. CLMB | 315.8K | $7.3 million | 2.92% | -3.4K |
| Natural Resource Partners L NRP | 74.8K | $7.3 million | 2.89% | -1.1K |
| Landstar System Inc. LSTR | 33.9K | $7.0 million | 2.80% | -330 |
| Ecovyst Inc. ECVT | 549.1K | $6.8 million | 2.73% | -5.5K |
| Merchants Bancorp MBIN | 135.3K | $6.8 million | 2.70% | -1.3K |
| Capital Bancorp Inc. MD CBNK | 187.9K | $6.6 million | 2.63% | -2.0K |
| Consensus Cloud Solutions in CCSI | 164.5K | $6.3 million | 2.50% | -1.6K |
| Solaris Energy Infrastructure, Inc. SEI | 77.1K | $6.2 million | 2.47% | -38.8K |
| Terex Corp. TEX | 84.3K | $6.1 million | 2.43% | -836 |
| GEO Group Inc. GEO | 200.7K | $5.9 million | 2.37% | -120.0K |
| Composecure Inc. GPGI | 373.9K | $5.9 million | 2.36% | +83.5K |
| Mueller Industries Inc. MLI | 48.0K | $5.9 million | 2.35% | +10.7K |
| Turning PT Brands Inc. TPB | 66.2K | $5.6 million | 2.24% | -658 |
| Bruker Corp. BRKR | 89.7K | $5.4 million | 2.15% | -850 |
| Metallus Inc. MTUS | 283.7K | $5.3 million | 2.11% | -2.8K |
| Hillman Solutions Corp. HLMN | 593.0K | $5.0 million | 2.00% | +147.2K |
| Eagle Materials Inc. EXP | 21.8K | $4.9 million | 1.95% | -202 |
| Brinks Co. BCO | 50.7K | $4.8 million | 1.91% | -508 |
| Cabot Corp. CBT | 52.5K | $4.8 million | 1.90% | +11.8K |
| Criteo S A CRTO | 256.5K | $4.7 million | 1.87% | +22.9K |
| RCM Technologies Inc. RCMT | 159.6K | $4.5 million | 1.80% | -1.4K |
| Extreme Networks Inc. EXTR | 138.3K | $4.5 million | 1.79% | -1.3K |
| Patrick Industries Inc. PATK | 49.3K | $4.4 million | 1.76% | -486 |
| Epsilon Energy Ltd EPSN | 806.3K | $4.4 million | 1.74% | -8.0K |
| EPR Properties EPR | 74.9K | $4.3 million | 1.73% | -726 |
| Kosmos Energy Ltd KOS | 2.0M | $4.2 million | 1.69% | -19.9K |
| Mgic Investment Corp. MTG | 148.0K | $4.2 million | 1.66% | -1.5K |
| Collegium Pharmaceutical, Inc. COLL | 112.1K | $4.1 million | 1.62% | -1.1K |
| Core Natural Resources, Inc. CNR | 50.4K | $4.0 million | 1.61% | -490 |
| Cass Information Sys Inc. CASS | 77.3K | $4.0 million | 1.58% | +26.0K |
| Paysign Inc. PAYS | 467.5K | $3.8 million | 1.53% | new |
| Royal Gold Inc. RGLD | 19.0K | $3.8 million | 1.52% | -7.3K |
| Barnes & Noble Ed Inc. BNED | 299.6K | $3.8 million | 1.50% | new |
| Bank Ozk Little Rock ARK OZK | 71.7K | $3.7 million | 1.49% | -640 |
| Atn Intl Inc. ATNI | 136.2K | $3.6 million | 1.44% | -1.4K |
| Bausch Plus Lomb Corp. BLCO | 217.5K | $3.6 million | 1.44% | -2.1K |
| Phinia Inc. PHIN | 41.7K | $3.4 million | 1.37% | -410 |
| Genpact Ltd. G | 119.3K | $3.3 million | 1.31% | +36.2K |
| Knowles Corp. KN | 78.6K | $3.3 million | 1.30% | -92.3K |
| Third Coast Bancshares Inc. TCBX | 80.2K | $3.2 million | 1.29% | new |
| SPS Commerce Inc. SPSC | 56.2K | $3.2 million | 1.28% | +18.8K |
| Donaldson Co. Inc. DCI | 34.8K | $3.1 million | 1.24% | -346 |
| IPG Photonics Corp. IPGP | 25.9K | $3.0 million | 1.21% | -244 |
| Ingles Mkts Inc. IMKTA | 31.6K | $2.8 million | 1.12% | -310 |
| QuidelOrtho Corp. QDEL | 144.5K | $2.5 million | 1.01% | -1.4K |
| TripAdvisor, Inc. TRIP | 181.6K | $2.5 million | 0.99% | -1.8K |
| Advansix Inc. ASIX | 116.0K | $2.3 million | 0.92% | -1.1K |
| Ferroglobe PLC GSM | 626.2K | $2.0 million | 0.79% | -244.0K |
| Alpha Metallurgical Resources, Inc. AMR | 7.7K | $1.3 million | 0.51% | no change |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.