Filed: 2/9/2026ACC: 0001998389-26-000001
📋 What this filing means
BALLAST ASSET MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 52 equity positions with a total reported market value of $211.70M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
52
Positions
$211.70M
Total AUM (reported)
9.14M
Total Shares
Allocation by class
COM$146.05M69.0%
COM CL A$14.40M6.8%
COM UNIT LTD PAR$7.54M3.6%
SHS$7.48M3.5%
CL B$7.13M3.4%
CL C$6.14M2.9%
COM SHS$4.40M2.1%
Portfolio Concentration
Top 3$22.56M10.7%
4–10$43.01M20.3%
11–25$69.55M32.9%
Rest$76.58M36.2%
Top 3 weight
10.7%
Top 10 weight
31.0%
Voting Authority Distribution
Total shares with voting rights: 9.14M
Sole
Full voting authority
9.14M
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)
Sole52
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings52
Rows:
CLIMB GLOBAL SOLUTIONS INC
SOLEShares76.86K
TypeSH
Market value$7.90M
3.73%
Sole
76.86K
Shared
0.00
None
0.00
NATURAL RESOURCE PARTNERS L
SOLEShares72.21K
TypeSH
Market value$7.54M
3.56%
Sole
72.21K
Shared
0.00
None
0.00
BEL FUSE INC
SOLEShares42.01K
TypeSH
Market value$7.13M
3.37%
Sole
42.01K
Shared
0.00
None
0.00
TURNING PT BRANDS INC
SOLEShares65.24K
TypeSH
Market value$7.07M
3.34%
Sole
65.24K
Shared
0.00
None
0.00
CAVCO INDS INC DEL
SOLEShares11.81K
TypeSH
Market value$6.98M
3.30%
Sole
11.81K
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP
SOLEShares34.98K
TypeSH
Market value$6.14M
2.90%
Sole
34.98K
Shared
0.00
None
0.00
AZZ INC
SOLEShares54.69K
TypeSH
Market value$5.86M
2.77%
Sole
54.69K
Shared
0.00
None
0.00
BRINKS CO
SOLEShares49.51K
TypeSH
Market value$5.78M
2.73%
Sole
49.51K
Shared
0.00
None
0.00
ROYAL GOLD INC
SOLEShares25.71K
TypeSH
Market value$5.71M
2.70%
Sole
25.71K
Shared
0.00
None
0.00
COMPOSECURE INC
SOLEShares283.20K
TypeSH
Market value$5.46M
2.58%
Sole
283.20K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares48.54K
TypeSH
Market value$5.26M
2.49%
Sole
48.54K
Shared
0.00
None
0.00
ECOVYST INC
SOLEShares540.85K
TypeSH
Market value$5.26M
2.49%
Sole
540.85K
Shared
0.00
None
0.00
CAPITAL BANCORP INC MD
SOLEShares184.88K
TypeSH
Market value$5.21M
2.46%
Sole
184.88K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
SOLEShares113.03K
TypeSH
Market value$5.20M
2.45%
Sole
113.03K
Shared
0.00
None
0.00
COLLEGIUM PHARMACEUTICAL INC
SOLEShares110.44K
TypeSH
Market value$5.11M
2.42%
Sole
110.44K
Shared
0.00
None
0.00
LANDSTAR SYS INC
SOLEShares33.42K
TypeSH
Market value$4.80M
2.27%
Sole
33.42K
Shared
0.00
None
0.00
METALLUS INC
SOLEShares279.41K
TypeSH
Market value$4.79M
2.26%
Sole
279.41K
Shared
0.00
None
0.00
MERCHANTS BANCORP IND
SOLEShares133.30K
TypeSH
Market value$4.54M
2.14%
Sole
133.30K
Shared
0.00
None
0.00
EAGLE MATLS INC
SOLEShares21.47K
TypeSH
Market value$4.44M
2.10%
Sole
21.47K
Shared
0.00
None
0.00
TEREX CORP NEW
SOLEShares83.05K
TypeSH
Market value$4.43M
2.09%
Sole
83.05K
Shared
0.00
None
0.00
CORE NATURAL RESOURCES INC
SOLEShares49.70K
TypeSH
Market value$4.40M
2.08%
Sole
49.70K
Shared
0.00
None
0.00
MGIC INVT CORP WIS
SOLEShares145.81K
TypeSH
Market value$4.26M
2.01%
Sole
145.81K
Shared
0.00
None
0.00
GEO GROUP INC NEW
SOLEShares257.86K
TypeSH
Market value$4.16M
1.96%
Sole
257.86K
Shared
0.00
None
0.00
FERROGLOBE PLC
SOLEShares849.16K
TypeSH
Market value$3.94M
1.86%
Sole
849.16K
Shared
0.00
None
0.00
GLOBAL BUSINESS TRAVEL GROUP
SOLEShares489.52K
TypeSH
Market value$3.74M
1.77%
Sole
489.52K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CLIMB GLOBAL SOLUTIONS INCSOLE | COM | 76.86K | SH | $7.90M 3.73% | 76.86K | 0.00 | 0.00 |
NATURAL RESOURCE PARTNERS LSOLE | COM UNIT LTD PAR | 72.21K | SH | $7.54M 3.56% | 72.21K | 0.00 | 0.00 |
BEL FUSE INCSOLE | CL B | 42.01K | SH | $7.13M 3.37% | 42.01K | 0.00 | 0.00 |
TURNING PT BRANDS INCSOLE | COM | 65.24K | SH | $7.07M 3.34% | 65.24K | 0.00 | 0.00 |
CAVCO INDS INC DELSOLE | COM | 11.81K | SH | $6.98M 3.30% | 11.81K | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORPSOLE | CL C | 34.98K | SH | $6.14M 2.90% | 34.98K | 0.00 | 0.00 |
AZZ INCSOLE | COM | 54.69K | SH | $5.86M 2.77% | 54.69K | 0.00 | 0.00 |
BRINKS COSOLE | COM | 49.51K | SH | $5.78M 2.73% | 49.51K | 0.00 | 0.00 |
ROYAL GOLD INCSOLE | COM | 25.71K | SH | $5.71M 2.70% | 25.71K | 0.00 | 0.00 |
COMPOSECURE INCSOLE | COM CL A | 283.20K | SH | $5.46M 2.58% | 283.20K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | COM | 48.54K | SH | $5.26M 2.49% | 48.54K | 0.00 | 0.00 |
ECOVYST INCSOLE | COM | 540.85K | SH | $5.26M 2.49% | 540.85K | 0.00 | 0.00 |
CAPITAL BANCORP INC MDSOLE | COM | 184.88K | SH | $5.21M 2.46% | 184.88K | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCSOLE | COM CL A | 113.03K | SH | $5.20M 2.45% | 113.03K | 0.00 | 0.00 |
COLLEGIUM PHARMACEUTICAL INCSOLE | COM | 110.44K | SH | $5.11M 2.42% | 110.44K | 0.00 | 0.00 |
LANDSTAR SYS INCSOLE | COM | 33.42K | SH | $4.80M 2.27% | 33.42K | 0.00 | 0.00 |
METALLUS INCSOLE | COM | 279.41K | SH | $4.79M 2.26% | 279.41K | 0.00 | 0.00 |
MERCHANTS BANCORP INDSOLE | COM | 133.30K | SH | $4.54M 2.14% | 133.30K | 0.00 | 0.00 |
EAGLE MATLS INCSOLE | COM | 21.47K | SH | $4.44M 2.10% | 21.47K | 0.00 | 0.00 |
TEREX CORP NEWSOLE | COM | 83.05K | SH | $4.43M 2.09% | 83.05K | 0.00 | 0.00 |
CORE NATURAL RESOURCES INCSOLE | COM SHS | 49.70K | SH | $4.40M 2.08% | 49.70K | 0.00 | 0.00 |
MGIC INVT CORP WISSOLE | COM | 145.81K | SH | $4.26M 2.01% | 145.81K | 0.00 | 0.00 |
GEO GROUP INC NEWSOLE | COM | 257.86K | SH | $4.16M 1.96% | 257.86K | 0.00 | 0.00 |
FERROGLOBE PLCSOLE | SHS | 849.16K | SH | $3.94M 1.86% | 849.16K | 0.00 | 0.00 |
GLOBAL BUSINESS TRAVEL GROUPSOLE | COM CL A | 489.52K | SH | $3.74M 1.77% | 489.52K | 0.00 | 0.00 |
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