Ballast Asset Management, LP — 13F Holdings & Portfolio
CIK 1998389 · latest 13F-HR filed 2026-08-13
Ballast Asset Management, LP manages $250.7M in 13F-reported U.S. long-equity assets across 53 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AZZ (3.43%), BELFB (3.12%), AGM (2.96%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions, exited 2, added to 31, and trimmed 12.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 300
DALLAS, TX 75219
$250.7M
Long-equity book
53
Distinct positions
2026-06-30
Filed 2026-08-13
+3 / −2 / ↑31 / ↓12
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Bel Fuse, Inc.$3.1M +66.6%
- Extreme Networks, Inc.$2.4M +112.6%
- Consensus Cloud Solutions, Inc.$2.3M +59.1%
- Bruker Corporation$2.1M +65.0%
- Federal Agricultural Mortgage Corporation$1.8M +33.0%
Top Trims
- Royal Gold, Inc.-$2.9M -43.3%
- Natural Resource Partners, L.P.-$1.9M -21.0%
- Ferroglobe plc-$1.6M -44.5%
- Kosmos Energy Ltd.-$1.4M -24.8%
- Core Natural Resources, Inc.-$1.3M -24.3%
New Positions
- Paysign, Inc.$3.8M
- Barnes & Noble Education, Inc.$3.8M
- Third Coast Bancshares, Inc.$3.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AZZ, Inc. | AZZ | 002474104 | $8.6M | 3.43% | 55,508 | SH |
| 2 | Bel Fuse, Inc. | BELFB | 077347300 | $7.8M | 3.12% | 23,493 | SH |
| 3 | Federal Agricultural Mortgage Corporation | AGM | 313148306 | $7.4M | 2.96% | 37,226 | SH |
| 4 | Cavco Industries, Inc. | CVCO | 149568107 | $7.4M | 2.94% | 11,995 | SH |
| 5 | Climb Global Solutions, Inc. | CLMB | 946760105 | $7.3M | 2.92% | 315,770 | SH |
| 6 | Natural Resource Partners, L.P. | NRP | 63900P608 | $7.3M | 2.89% | 74,806 | SH |
| 7 | Landstar System, Inc. | LSTR | 515098101 | $7.0M | 2.80% | 33,919 | SH |
| 8 | Ecovyst, Inc. | ECVT | 27923Q109 | $6.8M | 2.73% | 549,113 | SH |
| 9 | Merchants Bancorp | MBIN | 58844R108 | $6.8M | 2.70% | 135,270 | SH |
| 10 | Capital Bancorp, Inc. | CBNK | 139737100 | $6.6M | 2.63% | 187,859 | SH |
| 11 | Consensus Cloud Solutions, Inc. | CCSI | 20848V105 | $6.3M | 2.50% | 164,457 | SH |
| 12 | Solaris Energy Infrastructure, Inc. | SEI | 83418M103 | $6.2M | 2.47% | 77,119 | SH |
| 13 | Terex Corporation | TEX | 880779103 | $6.1M | 2.43% | 84,308 | SH |
| 14 | GEO Group, Inc. (The) | GEO | 36162J106 | $5.9M | 2.37% | 200,700 | SH |
| 15 | GPGI, Inc. | GPGI | 20459V105 | $5.9M | 2.36% | 373,895 | SH |
| 16 | Mueller Industries, Inc. | MLI | 624756102 | $5.9M | 2.35% | 48,033 | SH |
| 17 | Turning Point Brands, Inc. | TPB | 90041L105 | $5.6M | 2.24% | 66,229 | SH |
| 18 | Bruker Corporation | BRKR | 116794108 | $5.4M | 2.15% | 89,714 | SH |
| 19 | Metallus, Inc. | MTUS | 887399103 | $5.3M | 2.11% | 283,657 | SH |
| 20 | Hillman Solutions Corporation | HLMN | 431636109 | $5.0M | 2.00% | 593,050 | SH |
| 21 | Eagle Materials, Inc. | EXP | 26969P108 | $4.9M | 1.95% | 21,776 | SH |
| 22 | Brink's Company (The) | BCO | 109696104 | $4.8M | 1.91% | 50,741 | SH |
| 23 | Cabot Corporation | CBT | 127055101 | $4.8M | 1.90% | 52,510 | SH |
| 24 | Criteo S.A. | CRTO | 226718104 | $4.7M | 1.87% | 256,488 | SH |
| 25 | RCM Technologies, Inc. | RCMT | 749360400 | $4.5M | 1.80% | 159,631 | SH |
| 26 | Extreme Networks, Inc. | EXTR | 30226D106 | $4.5M | 1.79% | 138,328 | SH |
| 27 | Patrick Industries, Inc. | PATK | 703343103 | $4.4M | 1.76% | 49,273 | SH |
| 28 | Epsilon Energy Ltd. | EPSN | 294375209 | $4.4M | 1.74% | 806,322 | SH |
| 29 | EPR Properties | EPR | 26884U109 | $4.3M | 1.73% | 74,891 | SH |
| 30 | Kosmos Energy Ltd. | KOS | 500688106 | $4.2M | 1.69% | 2,008,153 | SH |
| 31 | MGIC Investment Corporation | MTG | 552848103 | $4.2M | 1.66% | 147,998 | SH |
| 32 | Collegium Pharmaceutical, Inc. | COLL | 19459J104 | $4.1M | 1.62% | 112,111 | SH |
| 33 | Core Natural Resources, Inc. | CNR | 218937100 | $4.0M | 1.61% | 50,430 | SH |
| 34 | Cass Information Systems, Inc. | CASS | 14808P109 | $4.0M | 1.58% | 77,287 | SH |
| 35 | Paysign, Inc. | PAYS | 70451A104 | $3.8M | 1.53% | 467,476 | SH |
| 36 | Royal Gold, Inc. | RGLD | 780287108 | $3.8M | 1.52% | 19,045 | SH |
| 37 | Barnes & Noble Education, Inc. | BNED | 06777U200 | $3.8M | 1.50% | 299,611 | SH |
| 38 | Bank OZK | OZK | 06417N103 | $3.7M | 1.49% | 71,665 | SH |
| 39 | ATN International, Inc. | ATNI | 00215F107 | $3.6M | 1.44% | 136,243 | SH |
| 40 | BAUSCH PLUS LOMB CORP | BLCO | 071705107 | $3.6M | 1.44% | 217,470 | SH |
| 41 | Phinia, Inc. | PHIN | 71880K101 | $3.4M | 1.37% | 41,737 | SH |
| 42 | Genpact Ltd. | G | G3922B107 | $3.3M | 1.31% | 119,326 | SH |
| 43 | Knowles Corporation | KN | 49926D109 | $3.3M | 1.30% | 78,637 | SH |
| 44 | Third Coast Bancshares, Inc. | TCBX | 88422P109 | $3.2M | 1.29% | 80,250 | SH |
| 45 | SPS Commerce, Inc. | SPSC | 78463M107 | $3.2M | 1.28% | 56,249 | SH |
| 46 | Donaldson Company, Inc. | DCI | 257651109 | $3.1M | 1.24% | 34,761 | SH |
| 47 | IPG Photonics Corporation | IPGP | 44980X109 | $3.0M | 1.21% | 25,875 | SH |
| 48 | Ingles Markets, Inc. | IMKTA | 457030104 | $2.8M | 1.12% | 31,648 | SH |
| 49 | QuidelOrtho Corporation | QDEL | 219798105 | $2.5M | 1.01% | 144,526 | SH |
| 50 | TripAdvisor, Inc. | TRIP | 896945201 | $2.5M | 0.99% | 181,645 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $250.7M | 53 | 0001998389-26-000003 |
| 2026-03-31 | 2026-05-07 | $224.7M | 52 | 0001998389-26-000002 |
| 2025-12-31 | 2026-02-09 | $211.7M | 52 | 0001998389-26-000001 |