Filed: 2/12/2025ACC: 0001998389-25-000002
📋 What this filing means
BALLAST ASSET MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 53 equity positions with a total reported market value of $201.65M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
53
Positions
$201.65M
Total AUM (reported)
8.23M
Total Shares
Allocation by class
COM$126.66M62.8%
SHS$17.44M8.7%
COM CL A$14.91M7.4%
COM UNIT LTD PAR$8.88M4.4%
CL C$6.98M3.5%
COMMON STOCK$6.53M3.2%
CL B$5.64M2.8%
Portfolio Concentration
Top 3$27.31M13.5%
4–10$44.32M22.0%
11–25$66.07M32.8%
Rest$63.95M31.7%
Top 3 weight
13.5%
Top 10 weight
35.5%
Voting Authority Distribution
Total shares with voting rights: 8.23M
Sole
Full voting authority
8.23M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole53
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings53
Rows:
CLIMB GLOBAL SOLUTIONS INC
SOLEShares79.36K
TypeSH
Market value$10.06M
4.99%
Sole
79.36K
Shared
0.00
None
0.00
NATURAL RESOURCE PARTNERS L
SOLEShares80.02K
TypeSH
Market value$8.88M
4.40%
Sole
80.02K
Shared
0.00
None
0.00
SOLARIS OILFIELD INFRASTRUCT
SOLEShares290.74K
TypeSH
Market value$8.37M
4.15%
Sole
290.74K
Shared
0.00
None
0.00
CAVCO INDS INC DEL
SOLEShares15.68K
TypeSH
Market value$7.00M
3.47%
Sole
15.68K
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP
SOLEShares35.43K
TypeSH
Market value$6.98M
3.46%
Sole
35.43K
Shared
0.00
None
0.00
INTL GNRL INSURANCE HLDNGS L
SOLEShares283.85K
TypeSH
Market value$6.74M
3.34%
Sole
283.85K
Shared
0.00
None
0.00
PHINIA INC
SOLEShares135.48K
TypeSH
Market value$6.53M
3.24%
Sole
135.48K
Shared
0.00
None
0.00
TURNING PT BRANDS INC
SOLEShares100.14K
TypeSH
Market value$6.02M
2.98%
Sole
100.14K
Shared
0.00
None
0.00
BEL FUSE INC
SOLEShares68.33K
TypeSH
Market value$5.64M
2.79%
Sole
68.33K
Shared
0.00
None
0.00
CAPITAL BANCORP INC MD
SOLEShares190.34K
TypeSH
Market value$5.42M
2.69%
Sole
190.34K
Shared
0.00
None
0.00
AZZ INC
SOLEShares66.18K
TypeSH
Market value$5.42M
2.69%
Sole
66.18K
Shared
0.00
None
0.00
MGIC INVT CORP WIS
SOLEShares227.75K
TypeSH
Market value$5.40M
2.68%
Sole
227.75K
Shared
0.00
None
0.00
EAGLE MATLS INC
SOLEShares21.23K
TypeSH
Market value$5.24M
2.60%
Sole
21.23K
Shared
0.00
None
0.00
CONSOL ENERGY INC NEW
SOLEShares48.98K
TypeSH
Market value$5.23M
2.59%
Sole
48.98K
Shared
0.00
None
0.00
GEO GROUP INC NEW
SOLEShares172.94K
TypeSH
Market value$4.84M
2.40%
Sole
172.94K
Shared
0.00
None
0.00
CASS INFORMATION SYS INC
SOLEShares107.61K
TypeSH
Market value$4.40M
2.18%
Sole
107.61K
Shared
0.00
None
0.00
INTERNATIONAL MNY EXPRESS IN
SOLEShares208.24K
TypeSH
Market value$4.34M
2.15%
Sole
208.24K
Shared
0.00
None
0.00
BAUSCH PLUS LOMB CORP
SOLEShares213.99K
TypeSH
Market value$4.29M
2.13%
Sole
213.99K
Shared
0.00
None
0.00
LANDSTAR SYS INC
SOLEShares24.08K
TypeSH
Market value$4.14M
2.05%
Sole
24.08K
Shared
0.00
None
0.00
TERADATA CORP DEL
SOLEShares132.28K
TypeSH
Market value$4.12M
2.04%
Sole
132.28K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares48.61K
TypeSH
Market value$4.04M
2.00%
Sole
48.61K
Shared
0.00
None
0.00
HILLMAN SOLUTIONS CORP
SOLEShares377.51K
TypeSH
Market value$3.68M
1.82%
Sole
377.51K
Shared
0.00
None
0.00
ECOVYST INC
SOLEShares478.36K
TypeSH
Market value$3.65M
1.81%
Sole
478.36K
Shared
0.00
None
0.00
BRINKS CO
SOLEShares39.36K
TypeSH
Market value$3.65M
1.81%
Sole
39.36K
Shared
0.00
None
0.00
GLOBAL BUSINESS TRAVEL GROUP
SOLEShares392.37K
TypeSH
Market value$3.64M
1.80%
Sole
392.37K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CLIMB GLOBAL SOLUTIONS INCSOLE | COM | 79.36K | SH | $10.06M 4.99% | 79.36K | 0.00 | 0.00 |
NATURAL RESOURCE PARTNERS LSOLE | COM UNIT LTD PAR | 80.02K | SH | $8.88M 4.40% | 80.02K | 0.00 | 0.00 |
SOLARIS OILFIELD INFRASTRUCTSOLE | COM CL A | 290.74K | SH | $8.37M 4.15% | 290.74K | 0.00 | 0.00 |
CAVCO INDS INC DELSOLE | COM | 15.68K | SH | $7.00M 3.47% | 15.68K | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORPSOLE | CL C | 35.43K | SH | $6.98M 3.46% | 35.43K | 0.00 | 0.00 |
INTL GNRL INSURANCE HLDNGS LSOLE | SHS | 283.85K | SH | $6.74M 3.34% | 283.85K | 0.00 | 0.00 |
PHINIA INCSOLE | COMMON STOCK | 135.48K | SH | $6.53M 3.24% | 135.48K | 0.00 | 0.00 |
TURNING PT BRANDS INCSOLE | COM | 100.14K | SH | $6.02M 2.98% | 100.14K | 0.00 | 0.00 |
BEL FUSE INCSOLE | CL B | 68.33K | SH | $5.64M 2.79% | 68.33K | 0.00 | 0.00 |
CAPITAL BANCORP INC MDSOLE | COM | 190.34K | SH | $5.42M 2.69% | 190.34K | 0.00 | 0.00 |
AZZ INCSOLE | COM | 66.18K | SH | $5.42M 2.69% | 66.18K | 0.00 | 0.00 |
MGIC INVT CORP WISSOLE | COM | 227.75K | SH | $5.40M 2.68% | 227.75K | 0.00 | 0.00 |
EAGLE MATLS INCSOLE | COM | 21.23K | SH | $5.24M 2.60% | 21.23K | 0.00 | 0.00 |
CONSOL ENERGY INC NEWSOLE | COM | 48.98K | SH | $5.23M 2.59% | 48.98K | 0.00 | 0.00 |
GEO GROUP INC NEWSOLE | COM | 172.94K | SH | $4.84M 2.40% | 172.94K | 0.00 | 0.00 |
CASS INFORMATION SYS INCSOLE | COM | 107.61K | SH | $4.40M 2.18% | 107.61K | 0.00 | 0.00 |
INTERNATIONAL MNY EXPRESS INSOLE | COM | 208.24K | SH | $4.34M 2.15% | 208.24K | 0.00 | 0.00 |
BAUSCH PLUS LOMB CORPSOLE | COMMON SHARES | 213.99K | SH | $4.29M 2.13% | 213.99K | 0.00 | 0.00 |
LANDSTAR SYS INCSOLE | COM | 24.08K | SH | $4.14M 2.05% | 24.08K | 0.00 | 0.00 |
TERADATA CORP DELSOLE | COM | 132.28K | SH | $4.12M 2.04% | 132.28K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | COM | 48.61K | SH | $4.04M 2.00% | 48.61K | 0.00 | 0.00 |
HILLMAN SOLUTIONS CORPSOLE | COM | 377.51K | SH | $3.68M 1.82% | 377.51K | 0.00 | 0.00 |
ECOVYST INCSOLE | COM | 478.36K | SH | $3.65M 1.81% | 478.36K | 0.00 | 0.00 |
BRINKS COSOLE | COM | 39.36K | SH | $3.65M 1.81% | 39.36K | 0.00 | 0.00 |
GLOBAL BUSINESS TRAVEL GROUPSOLE | COM CL A | 392.37K | SH | $3.64M 1.80% | 392.37K | 0.00 | 0.00 |
Page 1 of 3