Ballast Asset Management, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Ballast Asset Management, LP reported 53 stock positions worth $250.7 million. Its top holding was Azz (AZZ) at 3.4% of the portfolio, followed by Bel Fuse Class B (BELFB, 3.1%) and Federal Agric MTG Class C (AGM, 3.0%). Compared with Q1 2026, it opened 3 new positions, sold out of 2, added to 8 and reduced 41. The biggest buy was a new position in Paysign (PAYS) and the biggest sale an exit from Iradimed (IRMD).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001998389
- Portfolio Value
- $250.7M (Q2 2026)
- SEC Filing
- 0001998389-26-000003 ↗ filed Aug 13, 2026
Holdings Value
Holdings 53 stocks · $250.7M
| AZZ Azz Inc. | 3.43% | 55,508 | $8.6M | Reduce -1.0% |
| BELFB Bel Fuse Inc. Class B | 3.12% | 23,493 | $7.8M | Reduce -1.0% |
| AGM Federal Agric MTG Corp. Class C | 2.96% | 37,226 | $7.4M | Reduce -1.0% |
| CVCO Cavco Industries Inc. | 2.94% | 11,995 | $7.4M | Reduce -1.0% |
| CLMB Climb Global Solutions Inc. | 2.92% | 315,770 | $7.3M | Reduce -1.1% |
| NRP Natural Resource Partners LP | 2.89% | 74,806 | $7.3M | Reduce -1.4% |
| LSTR Landstar System Inc. | 2.80% | 33,919 | $7.0M | Reduce -1.0% |
| ECVT Ecovyst Inc. | 2.73% | 549,113 | $6.8M | Reduce -1.0% |
| MBIN Merchants Bancorp | 2.70% | 135,270 | $6.8M | Reduce -1.0% |
| CBNK Capital Bancorp Inc. | 2.63% | 187,859 | $6.6M | Reduce -1.1% |
| CCSI Consensus Cloud Solution | 2.50% | 164,457 | $6.3M | Reduce -1.0% |
| SEI Solaris Energy Infrastructur | 2.47% | 77,119 | $6.2M | Reduce -33.4% |
| TEX Terex Corp. | 2.43% | 84,308 | $6.1M | Reduce -1.0% |
| GEO The Geo Group Inc. | 2.37% | 200,700 | $5.9M | Reduce -37.4% |
| GPGI Gpgi Inc. | 2.36% | 373,895 | $5.9M | Add +28.7% |
| MLI Mueller Industries Inc. | 2.35% | 48,033 | $5.9M | Add +28.6% |
| TPB Turning Point Brands Inc. | 2.24% | 66,229 | $5.6M | Reduce -1.0% |
| BRKR Bruker Corp. | 2.15% | 89,714 | $5.4M | Reduce -0.9% |
| MTUS Metallus Inc. | 2.11% | 283,657 | $5.3M | Reduce -1.0% |
| HLMN Hillman Solutions Corp. | 2.00% | 593,050 | $5.0M | Add +33.0% |
| EXP Eagle Materials Inc. | 1.95% | 21,776 | $4.9M | Reduce -0.9% |
| BCO The Brink's Co. | 1.91% | 50,741 | $4.8M | Reduce -1.0% |
| CBT Cabot Corp. | 1.90% | 52,510 | $4.8M | Add +28.9% |
| CRTO Criteo SA-Spon | 1.87% | 256,488 | $4.7M | Add +9.8% |
| RCMT RCM Technologies Inc. | 1.80% | 159,631 | $4.5M | Reduce -0.8% |
| EXTR Extreme Networks Inc. | 1.79% | 138,328 | $4.5M | Reduce -1.0% |
| PATK Patrick Industries Inc. | 1.76% | 49,273 | $4.4M | Reduce -1.0% |
| EPSN Epsilon Energy Ltd. | 1.74% | 806,322 | $4.4M | Reduce -1.0% |
| EPR Epr Properties filed as EPR PPTYS | 1.73% | 74,891 | $4.3M | Reduce -1.0% |
| KOS Kosmos Energy Ltd. | 1.69% | 2,008,153 | $4.2M | Reduce -1.0% |
| MTG Mgic Investment Corp. | 1.66% | 147,998 | $4.2M | Reduce -1.0% |
| COLL Collegium Pharmaceutical Inc. | 1.62% | 112,111 | $4.1M | Reduce -1.0% |
| CNR Core Natural Resources Inc. | 1.61% | 50,430 | $4.0M | Reduce -1.0% |
| CASS Cass Information Systems Inc. | 1.58% | 77,287 | $4.0M | Add +50.8% |
| PAYS Paysign Inc. | 1.53% | 467,476 | $3.8M | New |
| RGLD Royal Gold Inc. | 1.52% | 19,045 | $3.8M | Reduce -27.7% |
| BNED Barnes & Noble Education Inc. | 1.50% | 299,611 | $3.8M | New |
| OZK Bank Ozk | 1.49% | 71,665 | $3.7M | Reduce -0.9% |
| ATNI Atn International Inc. | 1.44% | 136,243 | $3.6M | Reduce -1.0% |
| BLCO Bausch + Lomb Corp. | 1.44% | 217,470 | $3.6M | Reduce -0.9% |
| PHIN Phinia Inc. | 1.37% | 41,737 | $3.4M | Reduce -1.0% |
| G Genpact Ltd. | 1.31% | 119,326 | $3.3M | Add +43.6% |
| KN Knowles Corp. | 1.30% | 78,637 | $3.3M | Reduce -54.0% |
| TCBX Third Coast Bancshares Inc. | 1.29% | 80,250 | $3.2M | New |
| SPSC SPS Commerce Inc. | 1.28% | 56,249 | $3.2M | Add +50.4% |
| DCI Donaldson Co. Inc. | 1.24% | 34,761 | $3.1M | Reduce -1.0% |
| IPGP Ipg Photonics Corp. | 1.21% | 25,875 | $3.0M | Reduce -0.9% |
| IMKTA Ingles Markets Inc. Class A | 1.12% | 31,648 | $2.8M | Reduce -1.0% |
| QDEL Quidelortho Corp. | 1.01% | 144,526 | $2.5M | Reduce -1.0% |
| TRIP Tripadvisor Inc. | 0.99% | 181,645 | $2.5M | Reduce -1.0% |
| ASIX Advansix Inc. | 0.92% | 116,048 | $2.3M | Reduce -0.9% |
| GSM Ferroglobe PLC | 0.79% | 626,195 | $2.0M | Reduce -28.0% |
| AMR Alpha Metallurgical Resource | 0.51% | 7,738 | $1.3M | No change |
Portfolio Sells Q1 2026 → Q2 2026
| IRMD Iradimed Corp. | Sold out | 0.00% | −1.59 |
| RGLD Royal Gold Inc. | Reduce -27.7% | 1.52% | −1.47 |
| GBTG Global Business Travel Group | Sold out | 0.00% | −1.24 |
| NRP Natural Resource Partners LP | Reduce -1.4% | 2.89% | −1.19 |
| KOS Kosmos Energy Ltd. | Reduce -1.0% | 1.69% | −0.82 |
| GSM Ferroglobe PLC | Reduce -28.0% | 0.79% | −0.80 |
| CNR Core Natural Resources Inc. | Reduce -1.0% | 1.61% | −0.76 |
| PATK Patrick Industries Inc. | Reduce -1.0% | 1.76% | −0.70 |
| KN Knowles Corp. | Reduce -54.0% | 1.30% | −0.65 |
| EPSN Epsilon Energy Ltd. | Reduce -1.0% | 1.74% | −0.49 |
| BCO The Brink's Co. | Reduce -1.0% | 1.91% | −0.45 |
| ECVT Ecovyst Inc. | Reduce -1.0% | 2.73% | −0.45 |
| SEI Solaris Energy Infrastructur | Reduce -33.4% | 2.47% | −0.44 |
| ASIX Advansix Inc. | Reduce -0.9% | 0.92% | −0.35 |
| TPB Turning Point Brands Inc. | Reduce -1.0% | 2.24% | −0.34 |
| ATNI Atn International Inc. | Reduce -1.0% | 1.44% | −0.23 |
| IMKTA Ingles Markets Inc. Class A | Reduce -1.0% | 1.12% | −0.16 |
| IPGP Ipg Photonics Corp. | Reduce -0.9% | 1.21% | −0.12 |
| BLCO Bausch + Lomb Corp. | Reduce -0.9% | 1.44% | −0.12 |
| DCI Donaldson Co. Inc. | Reduce -1.0% | 1.24% | −0.08 |
| MTG Mgic Investment Corp. | Reduce -1.0% | 1.66% | −0.08 |
| QDEL Quidelortho Corp. | Reduce -1.0% | 1.01% | −0.06 |
| COLL Collegium Pharmaceutical Inc. | Reduce -1.0% | 1.62% | −0.05 |
| GEO The Geo Group Inc. | Reduce -37.4% | 2.37% | −0.03 |
| OZK Bank Ozk | Reduce -0.9% | 1.49% | +0.01 |
| MTUS Metallus Inc. | Reduce -1.0% | 2.11% | +0.03 |
| EPR Epr Properties | Reduce -1.0% | 1.73% | +0.05 |
| PHIN Phinia Inc. | Reduce -1.0% | 1.37% | +0.09 |
| MBIN Merchants Bancorp | Reduce -1.0% | 2.70% | +0.09 |
| EXP Eagle Materials Inc. | Reduce -0.9% | 1.95% | +0.10 |
| CLMB Climb Global Solutions Inc. | Reduce -1.1% | 2.92% | +0.11 |
| CBNK Capital Bancorp Inc. | Reduce -1.1% | 2.63% | +0.12 |
| TRIP Tripadvisor Inc. | Reduce -1.0% | 0.99% | +0.12 |
| TEX Terex Corp. | Reduce -1.0% | 2.43% | +0.19 |
| AZZ Azz Inc. | Reduce -1.0% | 3.43% | +0.31 |
| CVCO Cavco Industries Inc. | Reduce -1.0% | 2.94% | +0.33 |
| LSTR Landstar System Inc. | Reduce -1.0% | 2.80% | +0.35 |
| RCMT RCM Technologies Inc. | Reduce -0.8% | 1.80% | +0.43 |
| AGM Federal Agric MTG Corp. Class C | Reduce -1.0% | 2.96% | +0.48 |
| BRKR Bruker Corp. | Reduce -0.9% | 2.15% | +0.70 |
| CCSI Consensus Cloud Solution | Reduce -1.0% | 2.50% | +0.75 |
| EXTR Extreme Networks Inc. | Reduce -1.0% | 1.79% | +0.85 |
| BELFB Bel Fuse Inc. Class B | Reduce -1.0% | 3.12% | +1.03 |
Portfolio Buys Q1 2026 → Q2 2026
| PAYS Paysign Inc. | New | 1.53% | +1.53 |
| BNED Barnes & Noble Education Inc. | New | 1.50% | +1.50 |
| TCBX Third Coast Bancshares Inc. | New | 1.29% | +1.29 |
| CASS Cass Information Systems Inc. | Add +50.8% | 1.58% | +0.58 |
| CBT Cabot Corp. | Add +28.9% | 1.90% | +0.54 |
| MLI Mueller Industries Inc. | Add +28.6% | 2.35% | +0.51 |
| SPSC SPS Commerce Inc. | Add +50.4% | 1.28% | +0.36 |
| HLMN Hillman Solutions Corp. | Add +33.0% | 2.00% | +0.35 |
| GPGI Gpgi Inc. | Add +28.7% | 2.36% | +0.15 |
| CRTO Criteo SA-Spon | Add +9.8% | 1.87% | +0.01 |
| G Genpact Ltd. | Add +43.6% | 1.31% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 53 | $250.7M | AZZ, BELFB, AGM, CVCO, CLMB |
| Q1 2026 | 52 | $224.7M | NRP, ECVT, AZZ, RGLD, SEI |
| Q4 2025 | 52 | $211.7M | CLMB, NRP, BELFB, TPB, CVCO |
| Q3 2025 | 54 | $219.1M | CLMB, NRP, SEI, BELFB, CVCO |
| Q2 2025 | 54 | $192.4M | CLMB, SEI, NRP, TPB, AGM |
| Q1 2025 | 54 | $189.7M | CLMB, NRP, CVCO, IGIC, AGM |
| Q4 2024 | 53 | $201.7M | CLMB, NRP, SEI, CVCO, AGM |
| Q3 2024 | 49 | $195.6M | CLMB, NRP, MTG, CVCO, AGM |
| Q2 2024 | 51 | $184.3M | NRP, AGM, CLMB, CONSOL ENERGY INC, MTG |
| Q1 2024 | 51 | $184.6M | EXP, NRP, AGM, CLMB, CVCO |