Filed: 5/13/2025ACC: 0001998389-25-000003
📋 What this filing means
BALLAST ASSET MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 54 equity positions with a total reported market value of $189.74M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$189.74M
Total AUM (reported)
8.65M
Total Shares
Allocation by class
COM$119.23M62.8%
SHS$18.63M9.8%
COM CL A$12.43M6.5%
COM UNIT LTD PAR$8.48M4.5%
CL C$6.75M3.6%
CL B$5.19M2.7%
COM SH BEN INT$3.91M2.1%
Portfolio Concentration
Top 3$25.67M13.5%
4–10$43.61M23.0%
11–25$60.95M32.1%
Rest$59.50M31.4%
Top 3 weight
13.5%
Top 10 weight
36.5%
Voting Authority Distribution
Total shares with voting rights: 8.65M
Sole
Full voting authority
8.65M
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)
Sole54
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings54
Rows:
CLIMB GLOBAL SOLUTIONS INC USD 0.01
SOLEShares80.62K
TypeSH
Market value$8.93M
4.71%
Sole
80.62K
Shared
0.00
None
0.00
Natural Resource Partners L.P.
SOLEShares81.59K
TypeSH
Market value$8.48M
4.47%
Sole
81.59K
Shared
0.00
None
0.00
CAVCO INDS INC DEL USD 0.01
SOLEShares15.91K
TypeSH
Market value$8.27M
4.36%
Sole
15.91K
Shared
0.00
None
0.00
INTERNATIONAL GENERAL IN USD 0.0001
SOLEShares288.06K
TypeSH
Market value$7.58M
3.99%
Sole
288.06K
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP USD 1.0
SOLEShares35.98K
TypeSH
Market value$6.75M
3.56%
Sole
35.98K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRASTRUCTURE, INC
SOLEShares295.12K
TypeSH
Market value$6.42M
3.38%
Sole
295.12K
Shared
0.00
None
0.00
TURNING PT BRANDS INC USD 0.01
SOLEShares101.63K
TypeSH
Market value$6.04M
3.18%
Sole
101.63K
Shared
0.00
None
0.00
MGIC INVT CORP WIS USD 1.0
SOLEShares231.17K
TypeSH
Market value$5.73M
3.02%
Sole
231.17K
Shared
0.00
None
0.00
AZZ INC USD 1.0
SOLEShares67.17K
TypeSH
Market value$5.62M
2.96%
Sole
67.17K
Shared
0.00
None
0.00
CAPITAL BANCORP INC MD USD 0.01
SOLEShares193.32K
TypeSH
Market value$5.48M
2.89%
Sole
193.32K
Shared
0.00
None
0.00
BEL FUSE INC USD 0.1
SOLEShares69.37K
TypeSH
Market value$5.19M
2.74%
Sole
69.37K
Shared
0.00
None
0.00
GEO GROUP INC NEW USD 0.01
SOLEShares175.60K
TypeSH
Market value$5.13M
2.70%
Sole
175.60K
Shared
0.00
None
0.00
EAGLE MATLS INC USD 0.01
SOLEShares21.54K
TypeSH
Market value$4.78M
2.52%
Sole
21.54K
Shared
0.00
None
0.00
CASS INFORMATION SYS INC USD 0.5
SOLEShares100.96K
TypeSH
Market value$4.37M
2.30%
Sole
100.96K
Shared
0.00
None
0.00
BRINKS CO USD 1.0
SOLEShares50.50K
TypeSH
Market value$4.35M
2.29%
Sole
50.50K
Shared
0.00
None
0.00
ROYAL GOLD INC USD 0.01
SOLEShares26.32K
TypeSH
Market value$4.30M
2.27%
Sole
26.32K
Shared
0.00
None
0.00
PATRICK INDS INC NPV
SOLEShares49.34K
TypeSH
Market value$4.17M
2.20%
Sole
49.34K
Shared
0.00
None
0.00
EPR PROPER SBI USD0.01
SOLEShares74.37K
TypeSH
Market value$3.91M
2.06%
Sole
74.37K
Shared
0.00
None
0.00
CORE NAT RES INC USD 0.01
SOLEShares49.71K
TypeSH
Market value$3.83M
2.02%
Sole
49.71K
Shared
0.00
None
0.00
METALLUS INC NPV
SOLEShares284.96K
TypeSH
Market value$3.81M
2.01%
Sole
284.96K
Shared
0.00
None
0.00
GENPACT LTD USD 0.01
SOLEShares75.38K
TypeSH
Market value$3.80M
2.00%
Sole
75.38K
Shared
0.00
None
0.00
LANDSTAR SYS INC USD 0.01
SOLEShares24.44K
TypeSH
Market value$3.67M
1.93%
Sole
24.44K
Shared
0.00
None
0.00
HILLMAN SOLUTIONS CORP USD 0.0001
SOLEShares383.20K
TypeSH
Market value$3.37M
1.78%
Sole
383.20K
Shared
0.00
None
0.00
BAUSCH PLUS LOMB CORP
SOLEShares217.13K
TypeSH
Market value$3.15M
1.66%
Sole
217.13K
Shared
0.00
None
0.00
COMPOSECURE INC USD 0.0001
SOLEShares286.59K
TypeSH
Market value$3.12M
1.64%
Sole
286.59K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CLIMB GLOBAL SOLUTIONS INC USD 0.01SOLE | COM | 80.62K | SH | $8.93M 4.71% | 80.62K | 0.00 | 0.00 |
Natural Resource Partners L.P.SOLE | COM UNIT LTD PAR | 81.59K | SH | $8.48M 4.47% | 81.59K | 0.00 | 0.00 |
CAVCO INDS INC DEL USD 0.01SOLE | COM | 15.91K | SH | $8.27M 4.36% | 15.91K | 0.00 | 0.00 |
INTERNATIONAL GENERAL IN USD 0.0001SOLE | SHS | 288.06K | SH | $7.58M 3.99% | 288.06K | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORP USD 1.0SOLE | CL C | 35.98K | SH | $6.75M 3.56% | 35.98K | 0.00 | 0.00 |
SOLARIS ENERGY INFRASTRUCTURE, INCSOLE | COM CL A | 295.12K | SH | $6.42M 3.38% | 295.12K | 0.00 | 0.00 |
TURNING PT BRANDS INC USD 0.01SOLE | COM | 101.63K | SH | $6.04M 3.18% | 101.63K | 0.00 | 0.00 |
MGIC INVT CORP WIS USD 1.0SOLE | COM | 231.17K | SH | $5.73M 3.02% | 231.17K | 0.00 | 0.00 |
AZZ INC USD 1.0SOLE | COM | 67.17K | SH | $5.62M 2.96% | 67.17K | 0.00 | 0.00 |
CAPITAL BANCORP INC MD USD 0.01SOLE | COM | 193.32K | SH | $5.48M 2.89% | 193.32K | 0.00 | 0.00 |
BEL FUSE INC USD 0.1SOLE | CL B | 69.37K | SH | $5.19M 2.74% | 69.37K | 0.00 | 0.00 |
GEO GROUP INC NEW USD 0.01SOLE | COM | 175.60K | SH | $5.13M 2.70% | 175.60K | 0.00 | 0.00 |
EAGLE MATLS INC USD 0.01SOLE | COM | 21.54K | SH | $4.78M 2.52% | 21.54K | 0.00 | 0.00 |
CASS INFORMATION SYS INC USD 0.5SOLE | COM | 100.96K | SH | $4.37M 2.30% | 100.96K | 0.00 | 0.00 |
BRINKS CO USD 1.0SOLE | COM | 50.50K | SH | $4.35M 2.29% | 50.50K | 0.00 | 0.00 |
ROYAL GOLD INC USD 0.01SOLE | COM | 26.32K | SH | $4.30M 2.27% | 26.32K | 0.00 | 0.00 |
PATRICK INDS INC NPVSOLE | COM | 49.34K | SH | $4.17M 2.20% | 49.34K | 0.00 | 0.00 |
EPR PROPER SBI USD0.01SOLE | COM SH BEN INT | 74.37K | SH | $3.91M 2.06% | 74.37K | 0.00 | 0.00 |
CORE NAT RES INC USD 0.01SOLE | COM SHS | 49.71K | SH | $3.83M 2.02% | 49.71K | 0.00 | 0.00 |
METALLUS INC NPVSOLE | COM | 284.96K | SH | $3.81M 2.01% | 284.96K | 0.00 | 0.00 |
GENPACT LTD USD 0.01SOLE | SHS | 75.38K | SH | $3.80M 2.00% | 75.38K | 0.00 | 0.00 |
LANDSTAR SYS INC USD 0.01SOLE | COM | 24.44K | SH | $3.67M 1.93% | 24.44K | 0.00 | 0.00 |
HILLMAN SOLUTIONS CORP USD 0.0001SOLE | COM | 383.20K | SH | $3.37M 1.78% | 383.20K | 0.00 | 0.00 |
BAUSCH PLUS LOMB CORPSOLE | COMMON SHARES | 217.13K | SH | $3.15M 1.66% | 217.13K | 0.00 | 0.00 |
COMPOSECURE INC USD 0.0001SOLE | COM CL A | 286.59K | SH | $3.12M 1.64% | 286.59K | 0.00 | 0.00 |
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