Ballast Asset Management, LP — 13F Holdings & Portfolio
CIK 1998389 · latest 13F-HR filed 2026-05-07
Ballast Asset Management, LP manages $224.7M in 13F-reported U.S. long-equity assets across 52 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NRP (4.09%), ECVT (3.17%), AZZ (3.12%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 1 new position, exited 1, added to 27, and trimmed 16.
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.
$224.7M
Long-equity book
52
Distinct positions
2026-03-31
Filed 2026-05-07
+1 / −1 / ↑27 / ↓16
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- KOSMOS ENERGY LTD USD 0.01$4.0M +241.3%
- ECOVYST INC USD 0.01$1.9M +35.5%
- Natural Resource Partners, L.P.$1.6M +21.8%
- CONSENSUS CLOUD SOLUTIONS USD 0.01$1.4M +55.3%
- SOLARIS ENERGY INFRASTRUCTURE INC$1.4M +26.0%
Top Trims
- BEL FUSE INC USD 0.1-$2.4M -34.1%
- CLIMB GLOBAL SOLUTIONS INC USD 0.01-$1.6M -19.9%
- COLLEGIUM PHARMACEUTICAL USD 0.001-$1.4M -26.8%
- TURNING PT BRANDS INC USD 0.01-$1.3M -17.9%
- CAVCO INDS INC DEL USD 0.01-$1.1M -15.9%
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 | Natural Resource Partners, L.P. | NRP | 63900P608 | $9.2M | 4.09% | 75,868 | SH |
| 2 | ECOVYST INC USD 0.01 | ECVT | 27923Q109 | $7.1M | 3.17% | 554,625 | SH |
| 3 | AZZ INC USD 1.0 | AZZ | 002474104 | $7.0M | 3.12% | 56,052 | SH |
| 4 | ROYAL GOLD INC USD 0.01 | RGLD | 780287108 | $6.7M | 2.98% | 26,357 | SH |
| 5 | SOLARIS ENERGY INFRASTRUCTURE INC | SEI | 83418M103 | $6.5M | 2.91% | 115,871 | SH |
| 6 | CLIMB GLOBAL SOLUTIONS INC USD 0.01 | CLMB | 946760105 | $6.3M | 2.82% | 319,188 | SH |
| 7 | CAVCO INDS INC DEL USD 0.01 | CVCO | 149568107 | $5.9M | 2.61% | 12,117 | SH |
| 8 | MERCHANTS BANCORP IND NPV | MBIN | 58844R108 | $5.9M | 2.61% | 136,586 | SH |
| 9 | TURNING PT BRANDS INC USD 0.01 | TPB | 90041L105 | $5.8M | 2.58% | 66,887 | SH |
| 10 | CAPITAL BANCORP INC MD USD 0.01 | CBNK | 139737100 | $5.6M | 2.51% | 189,845 | SH |
| 11 | KOSMOS ENERGY LTD USD 0.01 | KOS | 500688106 | $5.6M | 2.51% | 2,028,059 | SH |
| 12 | FEDERAL AGRIC MTG CORP USD 1.0 | AGM | 313148306 | $5.6M | 2.48% | 37,592 | SH |
| 13 | PATRICK INDS INC NPV | PATK | 703343103 | $5.5M | 2.46% | 49,759 | SH |
| 14 | LANDSTAR SYS INC USD 0.01 | LSTR | 515098101 | $5.5M | 2.44% | 34,249 | SH |
| 15 | GEO GROUP INC NEW USD 0.01 | GEO | 36162J106 | $5.4M | 2.40% | 320,748 | SH |
| 16 | CORE NAT RES INC USD 0.01 | CNR | 218937100 | $5.3M | 2.37% | 50,920 | SH |
| 17 | BRINKS CO USD 1.0 | BCO | 109696104 | $5.3M | 2.36% | 51,249 | SH |
| 18 | TEREX CORP NEW USD 0.01 | TEX | 880779103 | $5.0M | 2.24% | 85,144 | SH |
| 19 | EPSILON ENERGY LTD NPV | EPSN | 294375209 | $5.0M | 2.23% | 814,322 | SH |
| 20 | GPGI INC USD 0.0001 | GPGI | 20459V105 | $5.0M | 2.21% | 290,423 | SH |
| 21 | BEL FUSE INC USD 0.1 | BELFB | 077347300 | $4.7M | 2.09% | 23,727 | SH |
| 22 | METALLUS INC NPV | MTUS | 887399103 | $4.7M | 2.08% | 286,487 | SH |
| 23 | KNOWLES CORP USD 0.01 | KN | 49926D109 | $4.4M | 1.95% | 170,987 | SH |
| 24 | CRITEO S A EUR 0.025 ADR | CRTO | 226718104 | $4.2M | 1.86% | 233,538 | SH |
| 25 | EAGLE MATLS INC USD 0.01 | EXP | 26969P108 | $4.2M | 1.85% | 21,978 | SH |
| 26 | MUELLER INDS INC USD 0.01 | MLI | 624756102 | $4.1M | 1.84% | 37,339 | SH |
| 27 | CONSENSUS CLOUD SOLUTIONS USD 0.01 | CCSI | 20848V105 | $3.9M | 1.75% | 166,085 | SH |
| 28 | MGIC INVT CORP WIS USD 1.0 | MTG | 552848103 | $3.9M | 1.75% | 149,458 | SH |
| 29 | EPR PROPER SBI USD0.01 | EPR | 26884U109 | $3.8M | 1.68% | 75,617 | SH |
| 30 | ATN INTL INC USD 0.01 | ATNI | 00215F107 | $3.7M | 1.67% | 137,593 | SH |
| 31 | COLLEGIUM PHARMACEUTICAL USD 0.001 | COLL | 19459J104 | $3.7M | 1.67% | 113,223 | SH |
| 32 | HILLMAN SOLUTIONS CORP USD 0.0001 | HLMN | 431636109 | $3.7M | 1.65% | 445,835 | SH |
| 33 | FERROGLOBE PLC USD 7.5 | GSM | G33856108 | $3.6M | 1.60% | 870,172 | SH |
| 34 | IRADIMED CORP USD 0.0001 | IRMD | 46266A109 | $3.6M | 1.59% | 37,107 | SH |
| 35 | BAUSCH PLUS LOMB CORP | BLCO | 071705107 | $3.5M | 1.55% | 219,566 | SH |
| 36 | BANK OZK LITTLE ROCK ARK NPV | OZK | 06417N103 | $3.3M | 1.48% | 72,305 | SH |
| 37 | BRUKER CORP USD 0.01 | BRKR | 116794108 | $3.3M | 1.46% | 90,564 | SH |
| 38 | GENPACT LTD USD 0.01 | G | G3922B107 | $3.1M | 1.38% | 83,112 | SH |
| 39 | RCM TECHNOLOGIES INC USD 0.05 | RCMT | 749360400 | $3.1M | 1.37% | 160,995 | SH |
| 40 | CABOT CORP USD 1.0 | CBT | 127055101 | $3.1M | 1.37% | 40,746 | SH |
| 41 | IPG PHOTONICS CORP USD 0.0001 | IPGP | 44980X109 | $3.0M | 1.33% | 26,119 | SH |
| 42 | DONALDSON COM USD5 | DCI | 257651109 | $3.0M | 1.33% | 35,107 | SH |
| 43 | PHINIA INC USD 0.01 | PHIN | 71880K101 | $2.9M | 1.28% | 42,147 | SH |
| 44 | INGLES MKTS INC USD 0.05 | IMKTA | 457030104 | $2.9M | 1.28% | 31,958 | SH |
| 45 | ADVANSIX INC USD 0.01 | ASIX | 00773T101 | $2.9M | 1.27% | 117,124 | SH |
| 46 | GLOBAL BUSINESS TRAVEL USD 0.00005 | GBTG | 37890B100 | $2.8M | 1.24% | 501,344 | SH |
| 47 | QUIDELORTHO CORP USD 0.001 | QDEL | 219798105 | $2.4M | 1.07% | 145,960 | SH |
| 48 | CASS INFORMATION SYS INC USD 0.5 | CASS | 14808P109 | $2.3M | 1.00% | 51,269 | SH |
| 49 | EXTREME NETWORKS INC USD 0.001 | EXTR | 30226D106 | $2.1M | 0.94% | 139,668 | SH |
| 50 | SPS COMM INC USD 0.001 | SPSC | 78463M107 | $2.1M | 0.93% | 37,400 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-07 | $224.7M | 52 | 0001998389-26-000002 |
| 2025-12-31 | 2026-02-09 | $211.7M | 52 | 0001998389-26-000001 |