Filed: 8/13/2025ACC: 0001998389-25-000006
📋 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 $192.37M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$192.37M
Total AUM (reported)
8.63M
Total Shares
Allocation by class
COM$125.74M65.4%
COM CL A$14.93M7.8%
SHS$12.39M6.4%
COM UNIT LTD PAR$7.79M4.1%
CL C$6.99M3.6%
CL B$6.78M3.5%
COM SH BEN INT$4.33M2.3%
Portfolio Concentration
Top 3$24.76M12.9%
4–10$43.22M22.5%
11–25$59.93M31.2%
Rest$64.46M33.5%
Top 3 weight
12.9%
Top 10 weight
35.3%
Voting Authority Distribution
Total shares with voting rights: 8.63M
Sole
Full voting authority
8.63M
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$8.62M
4.48%
Sole
80.62K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRASTRUCTURE, INC
SOLEShares295.12K
TypeSH
Market value$8.35M
4.34%
Sole
295.12K
Shared
0.00
None
0.00
Natural Resource Partners L.P.
SOLEShares81.59K
TypeSH
Market value$7.79M
4.05%
Sole
81.59K
Shared
0.00
None
0.00
TURNING PT BRANDS INC USD 0.01
SOLEShares101.63K
TypeSH
Market value$7.70M
4.00%
Sole
101.63K
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP USD 1.0
SOLEShares35.98K
TypeSH
Market value$6.99M
3.63%
Sole
35.98K
Shared
0.00
None
0.00
BEL FUSE INC USD 0.1
SOLEShares69.37K
TypeSH
Market value$6.78M
3.52%
Sole
69.37K
Shared
0.00
None
0.00
CAPITAL BANCORP INC MD USD 0.01
SOLEShares193.32K
TypeSH
Market value$6.49M
3.37%
Sole
193.32K
Shared
0.00
None
0.00
AZZ INC USD 1.0
SOLEShares56.08K
TypeSH
Market value$5.30M
2.75%
Sole
56.08K
Shared
0.00
None
0.00
CAVCO INDS INC DEL USD 0.01
SOLEShares12.16K
TypeSH
Market value$5.28M
2.75%
Sole
12.16K
Shared
0.00
None
0.00
ROYAL GOLD INC USD 0.01
SOLEShares26.32K
TypeSH
Market value$4.68M
2.43%
Sole
26.32K
Shared
0.00
None
0.00
ECOVYST INC USD 0.01
SOLEShares555.37K
TypeSH
Market value$4.57M
2.38%
Sole
555.37K
Shared
0.00
None
0.00
PATRICK INDS INC NPV
SOLEShares49.34K
TypeSH
Market value$4.55M
2.37%
Sole
49.34K
Shared
0.00
None
0.00
BRINKS CO USD 1.0
SOLEShares50.51K
TypeSH
Market value$4.51M
2.34%
Sole
50.51K
Shared
0.00
None
0.00
METALLUS INC NPV
SOLEShares285.30K
TypeSH
Market value$4.40M
2.29%
Sole
285.30K
Shared
0.00
None
0.00
EAGLE MATLS INC USD 0.01
SOLEShares21.54K
TypeSH
Market value$4.35M
2.26%
Sole
21.54K
Shared
0.00
None
0.00
EPR PROPER SBI USD0.01
SOLEShares74.37K
TypeSH
Market value$4.33M
2.25%
Sole
74.37K
Shared
0.00
None
0.00
GEO GROUP INC NEW USD 0.01
SOLEShares175.60K
TypeSH
Market value$4.21M
2.19%
Sole
175.60K
Shared
0.00
None
0.00
MGIC INVT CORP WIS USD 1.0
SOLEShares147.55K
TypeSH
Market value$4.11M
2.14%
Sole
147.55K
Shared
0.00
None
0.00
COMPOSECURE INC USD 0.0001
SOLEShares288.95K
TypeSH
Market value$4.07M
2.12%
Sole
288.95K
Shared
0.00
None
0.00
CASS INFORMATION SYS INC USD 0.5
SOLEShares90.11K
TypeSH
Market value$3.92M
2.04%
Sole
90.11K
Shared
0.00
None
0.00
LANDSTAR SYS INC USD 0.01
SOLEShares26.96K
TypeSH
Market value$3.75M
1.95%
Sole
26.96K
Shared
0.00
None
0.00
CORE NAT RES INC USD 0.01
SOLEShares49.71K
TypeSH
Market value$3.47M
1.80%
Sole
49.71K
Shared
0.00
None
0.00
GENPACT LTD USD 0.01
SOLEShares75.38K
TypeSH
Market value$3.32M
1.72%
Sole
75.38K
Shared
0.00
None
0.00
RCM TECHNOLOGIES INC USD 0.05
SOLEShares138.51K
TypeSH
Market value$3.26M
1.70%
Sole
138.51K
Shared
0.00
None
0.00
FERROGLOBE PLC USD 7.5
SOLEShares848.09K
TypeSH
Market value$3.11M
1.62%
Sole
848.09K
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 | $8.62M 4.48% | 80.62K | 0.00 | 0.00 |
SOLARIS ENERGY INFRASTRUCTURE, INCSOLE | COM CL A | 295.12K | SH | $8.35M 4.34% | 295.12K | 0.00 | 0.00 |
Natural Resource Partners L.P.SOLE | COM UNIT LTD PAR | 81.59K | SH | $7.79M 4.05% | 81.59K | 0.00 | 0.00 |
TURNING PT BRANDS INC USD 0.01SOLE | COM | 101.63K | SH | $7.70M 4.00% | 101.63K | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORP USD 1.0SOLE | CL C | 35.98K | SH | $6.99M 3.63% | 35.98K | 0.00 | 0.00 |
BEL FUSE INC USD 0.1SOLE | CL B | 69.37K | SH | $6.78M 3.52% | 69.37K | 0.00 | 0.00 |
CAPITAL BANCORP INC MD USD 0.01SOLE | COM | 193.32K | SH | $6.49M 3.37% | 193.32K | 0.00 | 0.00 |
AZZ INC USD 1.0SOLE | COM | 56.08K | SH | $5.30M 2.75% | 56.08K | 0.00 | 0.00 |
CAVCO INDS INC DEL USD 0.01SOLE | COM | 12.16K | SH | $5.28M 2.75% | 12.16K | 0.00 | 0.00 |
ROYAL GOLD INC USD 0.01SOLE | COM | 26.32K | SH | $4.68M 2.43% | 26.32K | 0.00 | 0.00 |
ECOVYST INC USD 0.01SOLE | COM | 555.37K | SH | $4.57M 2.38% | 555.37K | 0.00 | 0.00 |
PATRICK INDS INC NPVSOLE | COM | 49.34K | SH | $4.55M 2.37% | 49.34K | 0.00 | 0.00 |
BRINKS CO USD 1.0SOLE | COM | 50.51K | SH | $4.51M 2.34% | 50.51K | 0.00 | 0.00 |
METALLUS INC NPVSOLE | COM | 285.30K | SH | $4.40M 2.29% | 285.30K | 0.00 | 0.00 |
EAGLE MATLS INC USD 0.01SOLE | COM | 21.54K | SH | $4.35M 2.26% | 21.54K | 0.00 | 0.00 |
EPR PROPER SBI USD0.01SOLE | COM SH BEN INT | 74.37K | SH | $4.33M 2.25% | 74.37K | 0.00 | 0.00 |
GEO GROUP INC NEW USD 0.01SOLE | COM | 175.60K | SH | $4.21M 2.19% | 175.60K | 0.00 | 0.00 |
MGIC INVT CORP WIS USD 1.0SOLE | COM | 147.55K | SH | $4.11M 2.14% | 147.55K | 0.00 | 0.00 |
COMPOSECURE INC USD 0.0001SOLE | COM CL A | 288.95K | SH | $4.07M 2.12% | 288.95K | 0.00 | 0.00 |
CASS INFORMATION SYS INC USD 0.5SOLE | COM | 90.11K | SH | $3.92M 2.04% | 90.11K | 0.00 | 0.00 |
LANDSTAR SYS INC USD 0.01SOLE | COM | 26.96K | SH | $3.75M 1.95% | 26.96K | 0.00 | 0.00 |
CORE NAT RES INC USD 0.01SOLE | COM SHS | 49.71K | SH | $3.47M 1.80% | 49.71K | 0.00 | 0.00 |
GENPACT LTD USD 0.01SOLE | SHS | 75.38K | SH | $3.32M 1.72% | 75.38K | 0.00 | 0.00 |
RCM TECHNOLOGIES INC USD 0.05SOLE | COM NEW | 138.51K | SH | $3.26M 1.70% | 138.51K | 0.00 | 0.00 |
FERROGLOBE PLC USD 7.5SOLE | SHS | 848.09K | SH | $3.11M 1.62% | 848.09K | 0.00 | 0.00 |
Page 1 of 3