Filed: 11/4/2025ACC: 0001998389-25-000008
📋 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 $219.14M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$219.14M
Total AUM (reported)
9.53M
Total Shares
Allocation by class
COM$145.45M66.4%
COM CL A$17.46M8.0%
SHS$10.25M4.7%
COM UNIT LTD PAR$7.97M3.6%
CL B$7.20M3.3%
CL C$6.09M2.8%
COM SH BEN INT$4.43M2.0%
Portfolio Concentration
Top 3$25.99M11.9%
4–10$45.48M20.8%
11–25$69.76M31.8%
Rest$77.90M35.6%
Top 3 weight
11.9%
Top 10 weight
32.6%
Voting Authority Distribution
Total shares with voting rights: 9.53M
Sole
Full voting authority
9.53M
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
SOLEShares79.80K
TypeSH
Market value$10.76M
4.91%
Sole
79.80K
Shared
0.00
None
0.00
NATURAL RESOURCE PARTNERS L
SOLEShares75.87K
TypeSH
Market value$7.97M
3.64%
Sole
75.87K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
SOLEShares181.77K
TypeSH
Market value$7.27M
3.32%
Sole
181.77K
Shared
0.00
None
0.00
BEL FUSE INC
SOLEShares51.08K
TypeSH
Market value$7.20M
3.29%
Sole
51.08K
Shared
0.00
None
0.00
CAVCO INDS INC DEL
SOLEShares12.24K
TypeSH
Market value$7.11M
3.24%
Sole
12.24K
Shared
0.00
None
0.00
TURNING PT BRANDS INC
SOLEShares67.55K
TypeSH
Market value$6.68M
3.05%
Sole
67.55K
Shared
0.00
None
0.00
AZZ INC
SOLEShares56.60K
TypeSH
Market value$6.18M
2.82%
Sole
56.60K
Shared
0.00
None
0.00
CAPITAL BANCORP INC MD
SOLEShares191.80K
TypeSH
Market value$6.12M
2.79%
Sole
191.80K
Shared
0.00
None
0.00
COMPOSECURE INC
SOLEShares293.31K
TypeSH
Market value$6.11M
2.79%
Sole
293.31K
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP
SOLEShares36.26K
TypeSH
Market value$6.09M
2.78%
Sole
36.26K
Shared
0.00
None
0.00
BRINKS CO
SOLEShares51.25K
TypeSH
Market value$5.99M
2.73%
Sole
51.25K
Shared
0.00
None
0.00
ROYAL GOLD INC
SOLEShares26.62K
TypeSH
Market value$5.34M
2.44%
Sole
26.62K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares50.24K
TypeSH
Market value$5.20M
2.37%
Sole
50.24K
Shared
0.00
None
0.00
EAGLE MATLS INC
SOLEShares22.18K
TypeSH
Market value$5.17M
2.36%
Sole
22.18K
Shared
0.00
None
0.00
ECOVYST INC
SOLEShares560.14K
TypeSH
Market value$4.91M
2.24%
Sole
560.14K
Shared
0.00
None
0.00
METALLUS INC
SOLEShares289.32K
TypeSH
Market value$4.78M
2.18%
Sole
289.32K
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares76.34K
TypeSH
Market value$4.43M
2.02%
Sole
76.34K
Shared
0.00
None
0.00
TEREX CORP NEW
SOLEShares85.80K
TypeSH
Market value$4.40M
2.01%
Sole
85.80K
Shared
0.00
None
0.00
MERCHANTS BANCORP IND
SOLEShares137.89K
TypeSH
Market value$4.38M
2.00%
Sole
137.89K
Shared
0.00
None
0.00
CORE NATURAL RESOURCES INC
SOLEShares51.40K
TypeSH
Market value$4.29M
1.96%
Sole
51.40K
Shared
0.00
None
0.00
MGIC INVT CORP WIS
SOLEShares150.92K
TypeSH
Market value$4.28M
1.95%
Sole
150.92K
Shared
0.00
None
0.00
CRITEO S A
SOLEShares187.85K
TypeSH
Market value$4.25M
1.94%
Sole
187.85K
Shared
0.00
None
0.00
LANDSTAR SYS INC
SOLEShares34.58K
TypeSH
Market value$4.24M
1.93%
Sole
34.58K
Shared
0.00
None
0.00
GLOBAL BUSINESS TRAVEL GROUP
SOLEShares506K
TypeSH
Market value$4.09M
1.87%
Sole
506K
Shared
0.00
None
0.00
KNOWLES CORP
SOLEShares172.45K
TypeSH
Market value$4.02M
1.83%
Sole
172.45K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CLIMB GLOBAL SOLUTIONS INCSOLE | COM | 79.80K | SH | $10.76M 4.91% | 79.80K | 0.00 | 0.00 |
NATURAL RESOURCE PARTNERS LSOLE | COM UNIT LTD PAR | 75.87K | SH | $7.97M 3.64% | 75.87K | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCSOLE | COM CL A | 181.77K | SH | $7.27M 3.32% | 181.77K | 0.00 | 0.00 |
BEL FUSE INCSOLE | CL B | 51.08K | SH | $7.20M 3.29% | 51.08K | 0.00 | 0.00 |
CAVCO INDS INC DELSOLE | COM | 12.24K | SH | $7.11M 3.24% | 12.24K | 0.00 | 0.00 |
TURNING PT BRANDS INCSOLE | COM | 67.55K | SH | $6.68M 3.05% | 67.55K | 0.00 | 0.00 |
AZZ INCSOLE | COM | 56.60K | SH | $6.18M 2.82% | 56.60K | 0.00 | 0.00 |
CAPITAL BANCORP INC MDSOLE | COM | 191.80K | SH | $6.12M 2.79% | 191.80K | 0.00 | 0.00 |
COMPOSECURE INCSOLE | COM CL A | 293.31K | SH | $6.11M 2.79% | 293.31K | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORPSOLE | CL C | 36.26K | SH | $6.09M 2.78% | 36.26K | 0.00 | 0.00 |
BRINKS COSOLE | COM | 51.25K | SH | $5.99M 2.73% | 51.25K | 0.00 | 0.00 |
ROYAL GOLD INCSOLE | COM | 26.62K | SH | $5.34M 2.44% | 26.62K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | COM | 50.24K | SH | $5.20M 2.37% | 50.24K | 0.00 | 0.00 |
EAGLE MATLS INCSOLE | COM | 22.18K | SH | $5.17M 2.36% | 22.18K | 0.00 | 0.00 |
ECOVYST INCSOLE | COM | 560.14K | SH | $4.91M 2.24% | 560.14K | 0.00 | 0.00 |
METALLUS INCSOLE | COM | 289.32K | SH | $4.78M 2.18% | 289.32K | 0.00 | 0.00 |
EPR PPTYSSOLE | COM SH BEN INT | 76.34K | SH | $4.43M 2.02% | 76.34K | 0.00 | 0.00 |
TEREX CORP NEWSOLE | COM | 85.80K | SH | $4.40M 2.01% | 85.80K | 0.00 | 0.00 |
MERCHANTS BANCORP INDSOLE | COM | 137.89K | SH | $4.38M 2.00% | 137.89K | 0.00 | 0.00 |
CORE NATURAL RESOURCES INCSOLE | COM SHS | 51.40K | SH | $4.29M 1.96% | 51.40K | 0.00 | 0.00 |
MGIC INVT CORP WISSOLE | COM | 150.92K | SH | $4.28M 1.95% | 150.92K | 0.00 | 0.00 |
CRITEO S ASOLE | SPONS ADS | 187.85K | SH | $4.25M 1.94% | 187.85K | 0.00 | 0.00 |
LANDSTAR SYS INCSOLE | COM | 34.58K | SH | $4.24M 1.93% | 34.58K | 0.00 | 0.00 |
GLOBAL BUSINESS TRAVEL GROUPSOLE | COM CL A | 506K | SH | $4.09M 1.87% | 506K | 0.00 | 0.00 |
KNOWLES CORPSOLE | COM | 172.45K | SH | $4.02M 1.83% | 172.45K | 0.00 | 0.00 |
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