1y return+30.1%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2023: $149 against $175 in the S&P 500.2
Ballast Asset Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AZZAZZ, Inc. | $8.6M | 3.4% | |
| BELFBBel Fuse, Inc. | $7.8M | 3.1% | |
| AGMFederal Agricultural Mortgage Corporation | $7.4M | 3.0% | |
| CVCOCavco Industries, Inc. | $7.4M | 2.9% | −1.0% |
| CLMBClimb Global Solutions, Inc. | $7.3M | 2.9% | −1.1% |
| NRPNatural Resource Partners, L.P. | $7.3M | 2.9% | −1.4% |
| LSTRLandstar System, Inc. | $7.0M | 2.8% | |
| ECVTEcovyst, Inc. | $6.8M | 2.7% | |
| MBINMerchants Bancorp | $6.8M | 2.7% | |
| CBNKCapital Bancorp, Inc. | $6.6M | 2.6% | −1.0% |
| CCSIConsensus Cloud Solutions, Inc. | $6.3M | 2.5% | |
| SEISolaris Energy Infrastructure, Inc. | $6.2M | 2.5% | −33.4% |
| TEXTerex Corporation | $6.1M | 2.4% | |
| GEOGEO Group, Inc. (The) | $5.9M | 2.4% | −37.4% |
| GPGIGPGI, Inc. | $5.9M | 2.4% | +28.7% |
| MLIMueller Industries, Inc. | $5.9M | 2.4% | +28.6% |
| TPBTurning Point Brands, Inc. | $5.6M | 2.2% | |
| BRKRBruker Corporation | $5.4M | 2.2% | |
| MTUSMetallus, Inc. | $5.3M | 2.1% | |
| HLMNHillman Solutions Corporation | $5.0M | 2.0% | +33.0% |
| EXPEagle Materials, Inc. | $4.9M | 2.0% | |
| BCOBrink's Company (The) | $4.8M | 1.9% | |
| CBTCabot Corporation | $4.8M | 1.9% | +28.9% |
| Criteo S.A.CUSIP 226718104 | $4.7M | 1.9% | +9.8% |
| RCMTRCM Technologies, Inc. | $4.5M | 1.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| SEISolaris Energy Infrastructure, Inc. | September 30, 2023 | +654.8% | $6.2M |
| BELFBBel Fuse, Inc. | March 31, 2024 | +452.2% | $7.8M |
| AZZAZZ, Inc. | September 30, 2023 | +240.2% | $8.6M |
| CVCOCavco Industries, Inc. | September 30, 2023 | +131.3% | $7.4M |
| CLMBClimb Global Solutions, Inc. | September 30, 2023 | +115.9% | $7.3M |
| GEOGEO Group, Inc. (The) | March 31, 2024 | +109.3% | $5.9M |
| TPBTurning Point Brands, Inc. | September 30, 2024 | +96.5% | $5.6M |
| CBNKCapital Bancorp, Inc. | September 30, 2023 | +83.6% | $6.6M |
| ATNIATN International, Inc. | September 30, 2025 | +77.0% | $3.6M |
| MTGMGIC Investment Corporation | September 30, 2023 | +69.0% | $4.2M |
Sold off last quarter
- IRMDIradimed Corp Usd 0.0001 was $3.6M
- Global Business Travel Usd 0.00005CUSIP 37890B100 was $2.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.0% | +14.8% |
| March 31, 2026 | +0.3% | −4.6% |
| December 31, 2025 | +1.4% | +2.4% |
| September 30, 2025 | +13.2% | +7.8% |
| June 30, 2025 | +4.0% | +10.5% |
| March 31, 2025 | −8.9% | −4.6% |
| December 31, 2024 | +8.4% | +2.1% |
| September 30, 2024 | +7.7% | +5.4% |
| June 30, 2024 | −6.0% | +4.0% |
| March 31, 2024 | +1.8% | +10.0% |
| December 31, 2023 | +8.0% | +11.2% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ballast Asset Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1998389&type=13F-HR&dateb=&owner=include&count=40CIK 1998389
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1998389/000199838926000003/Filed August 13, 2026 · accession 0001998389-26-000003