Filed: 5/7/2026ACC: 0001998389-26-000002
📋 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 $224.72M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
52
Positions
$224.72M
Total AUM (reported)
10.07M
Total Shares
Allocation by class
COMMON$224.72M100.0%
Portfolio Concentration
Top 3$23.33M10.4%
4–10$42.76M19.0%
11–25$75.40M33.6%
Rest$83.23M37.0%
Top 3 weight
10.4%
Top 10 weight
29.4%
Voting Authority Distribution
Total shares with voting rights: 10.07M
Sole
Full voting authority
10.07M
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:
Natural Resource Partners, L.P.
SOLEShares75.87K
TypeSH
Market value$9.18M
4.09%
Sole
75.87K
Shared
0.00
None
0.00
ECOVYST INC USD 0.01
SOLEShares554.63K
TypeSH
Market value$7.13M
3.17%
Sole
554.63K
Shared
0.00
None
0.00
AZZ INC USD 1.0
SOLEShares56.05K
TypeSH
Market value$7.01M
3.12%
Sole
56.05K
Shared
0.00
None
0.00
ROYAL GOLD INC USD 0.01
SOLEShares26.36K
TypeSH
Market value$6.71M
2.98%
Sole
26.36K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRASTRUCTURE INC
SOLEShares115.87K
TypeSH
Market value$6.55M
2.91%
Sole
115.87K
Shared
0.00
None
0.00
CLIMB GLOBAL SOLUTIONS INC USD 0.01
SOLEShares319.19K
TypeSH
Market value$6.33M
2.82%
Sole
319.19K
Shared
0.00
None
0.00
CAVCO INDS INC DEL USD 0.01
SOLEShares12.12K
TypeSH
Market value$5.87M
2.61%
Sole
12.12K
Shared
0.00
None
0.00
MERCHANTS BANCORP IND NPV
SOLEShares136.59K
TypeSH
Market value$5.86M
2.61%
Sole
136.59K
Shared
0.00
None
0.00
TURNING PT BRANDS INC USD 0.01
SOLEShares66.89K
TypeSH
Market value$5.81M
2.58%
Sole
66.89K
Shared
0.00
None
0.00
CAPITAL BANCORP INC MD USD 0.01
SOLEShares189.84K
TypeSH
Market value$5.65M
2.51%
Sole
189.84K
Shared
0.00
None
0.00
KOSMOS ENERGY LTD USD 0.01
SOLEShares2.03M
TypeSH
Market value$5.64M
2.51%
Sole
2.03M
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP USD 1.0
SOLEShares37.59K
TypeSH
Market value$5.58M
2.48%
Sole
37.59K
Shared
0.00
None
0.00
PATRICK INDS INC NPV
SOLEShares49.76K
TypeSH
Market value$5.53M
2.46%
Sole
49.76K
Shared
0.00
None
0.00
LANDSTAR SYS INC USD 0.01
SOLEShares34.25K
TypeSH
Market value$5.49M
2.44%
Sole
34.25K
Shared
0.00
None
0.00
GEO GROUP INC NEW USD 0.01
SOLEShares320.75K
TypeSH
Market value$5.39M
2.40%
Sole
320.75K
Shared
0.00
None
0.00
CORE NAT RES INC USD 0.01
SOLEShares50.92K
TypeSH
Market value$5.33M
2.37%
Sole
50.92K
Shared
0.00
None
0.00
BRINKS CO USD 1.0
SOLEShares51.25K
TypeSH
Market value$5.31M
2.36%
Sole
51.25K
Shared
0.00
None
0.00
TEREX CORP NEW USD 0.01
SOLEShares85.14K
TypeSH
Market value$5.03M
2.24%
Sole
85.14K
Shared
0.00
None
0.00
EPSILON ENERGY LTD NPV
SOLEShares814.32K
TypeSH
Market value$5.02M
2.23%
Sole
814.32K
Shared
0.00
None
0.00
GPGI INC USD 0.0001
SOLEShares290.42K
TypeSH
Market value$4.97M
2.21%
Sole
290.42K
Shared
0.00
None
0.00
BEL FUSE INC USD 0.1
SOLEShares23.73K
TypeSH
Market value$4.70M
2.09%
Sole
23.73K
Shared
0.00
None
0.00
METALLUS INC NPV
SOLEShares286.49K
TypeSH
Market value$4.68M
2.08%
Sole
286.49K
Shared
0.00
None
0.00
KNOWLES CORP USD 0.01
SOLEShares170.99K
TypeSH
Market value$4.39M
1.95%
Sole
170.99K
Shared
0.00
None
0.00
CRITEO S A EUR 0.025 ADR
SOLEShares233.54K
TypeSH
Market value$4.19M
1.86%
Sole
233.54K
Shared
0.00
None
0.00
EAGLE MATLS INC USD 0.01
SOLEShares21.98K
TypeSH
Market value$4.16M
1.85%
Sole
21.98K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Natural Resource Partners, L.P.SOLE | COMMON | 75.87K | SH | $9.18M 4.09% | 75.87K | 0.00 | 0.00 |
ECOVYST INC USD 0.01SOLE | COMMON | 554.63K | SH | $7.13M 3.17% | 554.63K | 0.00 | 0.00 |
AZZ INC USD 1.0SOLE | COMMON | 56.05K | SH | $7.01M 3.12% | 56.05K | 0.00 | 0.00 |
ROYAL GOLD INC USD 0.01SOLE | COMMON | 26.36K | SH | $6.71M 2.98% | 26.36K | 0.00 | 0.00 |
SOLARIS ENERGY INFRASTRUCTURE INCSOLE | COMMON | 115.87K | SH | $6.55M 2.91% | 115.87K | 0.00 | 0.00 |
CLIMB GLOBAL SOLUTIONS INC USD 0.01SOLE | COMMON | 319.19K | SH | $6.33M 2.82% | 319.19K | 0.00 | 0.00 |
CAVCO INDS INC DEL USD 0.01SOLE | COMMON | 12.12K | SH | $5.87M 2.61% | 12.12K | 0.00 | 0.00 |
MERCHANTS BANCORP IND NPVSOLE | COMMON | 136.59K | SH | $5.86M 2.61% | 136.59K | 0.00 | 0.00 |
TURNING PT BRANDS INC USD 0.01SOLE | COMMON | 66.89K | SH | $5.81M 2.58% | 66.89K | 0.00 | 0.00 |
CAPITAL BANCORP INC MD USD 0.01SOLE | COMMON | 189.84K | SH | $5.65M 2.51% | 189.84K | 0.00 | 0.00 |
KOSMOS ENERGY LTD USD 0.01SOLE | COMMON | 2.03M | SH | $5.64M 2.51% | 2.03M | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORP USD 1.0SOLE | COMMON | 37.59K | SH | $5.58M 2.48% | 37.59K | 0.00 | 0.00 |
PATRICK INDS INC NPVSOLE | COMMON | 49.76K | SH | $5.53M 2.46% | 49.76K | 0.00 | 0.00 |
LANDSTAR SYS INC USD 0.01SOLE | COMMON | 34.25K | SH | $5.49M 2.44% | 34.25K | 0.00 | 0.00 |
GEO GROUP INC NEW USD 0.01SOLE | COMMON | 320.75K | SH | $5.39M 2.40% | 320.75K | 0.00 | 0.00 |
CORE NAT RES INC USD 0.01SOLE | COMMON | 50.92K | SH | $5.33M 2.37% | 50.92K | 0.00 | 0.00 |
BRINKS CO USD 1.0SOLE | COMMON | 51.25K | SH | $5.31M 2.36% | 51.25K | 0.00 | 0.00 |
TEREX CORP NEW USD 0.01SOLE | COMMON | 85.14K | SH | $5.03M 2.24% | 85.14K | 0.00 | 0.00 |
EPSILON ENERGY LTD NPVSOLE | COMMON | 814.32K | SH | $5.02M 2.23% | 814.32K | 0.00 | 0.00 |
GPGI INC USD 0.0001SOLE | COMMON | 290.42K | SH | $4.97M 2.21% | 290.42K | 0.00 | 0.00 |
BEL FUSE INC USD 0.1SOLE | COMMON | 23.73K | SH | $4.70M 2.09% | 23.73K | 0.00 | 0.00 |
METALLUS INC NPVSOLE | COMMON | 286.49K | SH | $4.68M 2.08% | 286.49K | 0.00 | 0.00 |
KNOWLES CORP USD 0.01SOLE | COMMON | 170.99K | SH | $4.39M 1.95% | 170.99K | 0.00 | 0.00 |
CRITEO S A EUR 0.025 ADRSOLE | COMMON | 233.54K | SH | $4.19M 1.86% | 233.54K | 0.00 | 0.00 |
EAGLE MATLS INC USD 0.01SOLE | COMMON | 21.98K | SH | $4.16M 1.85% | 21.98K | 0.00 | 0.00 |
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