Ballast Asset Management, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Ballast Asset Management, LP reported 51 stock positions worth $184.6 million. Its top holding was Eagle Materials (EXP) at 4.2% of the portfolio, followed by Natural Resource Partners (NRP, 3.9%) and Federal Agric MTG Class C (AGM, 3.7%). Compared with Q4 2023, it opened 5 new positions, sold out of 2, added to 43 and reduced 2. The biggest buy was a new position in Geo (GEO) and the biggest sale an exit from American Eagle Outfitters (AEO).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001998389
- Portfolio Value
- $184.6M (Q1 2024)
- SEC Filing
- 0001998389-24-000002 ↗ filed May 15, 2024
Holdings Value
Holdings 51 stocks · $184.6M
| EXP Eagle Materials Inc. | 4.24% | 28,772 | $7.8M | Add +10.0% |
| NRP Natural Resource Partners LP | 3.93% | 78,750 | $7.2M | Add +11.9% |
| AGM Federal Agric MTG Corp. Class C | 3.72% | 34,895 | $6.9M | Add +10.3% |
| CLMB Climb Global Solutions Inc. | 3.49% | 90,896 | $6.4M | Add +11.0% |
| CVCO Cavco Industries Inc. | 3.34% | 15,449 | $6.2M | Add +53.9% |
| AZZ Azz Inc. | 3.22% | 76,888 | $5.9M | Reduce -5.8% |
| MTG Mgic Investment Corp. | 3.19% | 263,712 | $5.9M | Add +9.6% |
| CASS Cass Information Systems Inc. | 2.80% | 107,337 | $5.2M | Add +10.1% |
| PHIN Phinia Inc. | 2.78% | 133,477 | $5.1M | Add +10.0% |
| TDC Teradata Corp. | 2.73% | 130,228 | $5.0M | Add +10.5% |
| TRIP Tripadvisor Inc. | 2.59% | 172,055 | $4.8M | Add +30.4% |
| CONSOL ENERGY INC | 2.53% | 55,681 | $4.7M | Add +10.3% |
| LSTR Landstar System Inc. | 2.48% | 23,729 | $4.6M | Add +9.8% |
| LAMR Lamar Advertising Co. Class A | 2.35% | 36,326 | $4.3M | Add +10.2% |
| GEO The Geo Group Inc. | 2.33% | 304,986 | $4.3M | New |
| GPRE Green Plains Inc. | 2.30% | 183,889 | $4.3M | Add +9.4% |
| SEI Solaris Energy Infrastructur | 2.23% | 475,782 | $4.1M | Add +9.8% |
| ATKR Atkore Inc. | 2.23% | 21,612 | $4.1M | New |
| CBNK Capital Bancorp Inc. | 2.11% | 187,386 | $3.9M | Add +10.4% |
| IMXI International Money Express | 2.07% | 167,354 | $3.8M | Add +9.7% |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 2.05% | 279,722 | $3.8M | Add +9.8% |
| NTIC Northern Technologies Intl | 2.05% | 280,919 | $3.8M | Add +3.9% |
| BIOX Bioceres Crop Solutions Corp. | 2.04% | 298,121 | $3.8M | Add +10.2% |
| LII Lennox International Inc. | 2.03% | 7,649 | $3.7M | Add +9.5% |
| BLCO Bausch + Lomb Corp. | 1.98% | 210,857 | $3.7M | Add +9.7% |
| DOX Amdocs Ltd. | 1.92% | 39,232 | $3.5M | Add +9.8% |
| RMNI Rimini Street Inc. | 1.74% | 987,082 | $3.2M | Add +30.1% |
| ECVT Ecovyst Inc. | 1.74% | 287,907 | $3.2M | Add +9.2% |
| BWA Borgwarner Inc. | 1.73% | 92,087 | $3.2M | Add +9.6% |
| KOS Kosmos Energy Ltd. | 1.70% | 525,658 | $3.1M | Add +33.8% |
| CRMT America's Car-Mart Inc. | 1.67% | 48,199 | $3.1M | Add +9.5% |
| EPR Epr Properties filed as EPR PPTYS | 1.66% | 72,214 | $3.1M | Add +9.8% |
| IPGP Ipg Photonics Corp. | 1.60% | 32,584 | $3.0M | Add +57.8% |
| SFM Sprouts Farmers Market Inc. | 1.55% | 44,254 | $2.9M | Add +10.2% |
| GSM Ferroglobe PLC | 1.52% | 561,519 | $2.8M | Add +16.2% |
| STR Sitio Royalties Corp. Class A | 1.44% | 107,752 | $2.7M | Add +9.7% |
| UFPT Ufp Technologies Inc. | 1.44% | 10,523 | $2.7M | Add +9.2% |
| KN Knowles Corp. | 1.44% | 164,769 | $2.7M | Add +8.5% |
| TKR Timken Co. | 1.38% | 29,131 | $2.5M | Add +8.7% |
| RCMT RCM Technologies Inc. | 1.36% | 117,336 | $2.5M | Add +9.6% |
| GBTG Global Business Travel Group | 1.26% | 386,922 | $2.3M | Add +9.3% |
| EPSN Epsilon Energy Ltd. | 1.14% | 382,981 | $2.1M | Add +10.1% |
| CMP Compass Minerals Internation | 1.04% | 122,517 | $1.9M | Add +9.5% |
| PATK Patrick Industries Inc. | 1.01% | 15,659 | $1.9M | New |
| IRMD Iradimed Corp. | 0.95% | 39,752 | $1.7M | Add +9.7% |
| G Genpact Ltd. | 0.90% | 50,297 | $1.7M | Add +9.1% |
| EXTR Extreme Networks Inc. | 0.83% | 133,272 | $1.5M | Add +9.4% |
| QDEL Quidelortho Corp. | 0.63% | 24,204 | $1.2M | Reduce -45.8% |
| BELFB Bel Fuse Inc. Class B | 0.58% | 17,697 | $1.1M | New |
| AMR Alpha Metallurgical Resource | 0.51% | 2,889 | $950K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.44% | 8,800 | $808K | New |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| GEO The Geo Group Inc. | New | 2.33% | +2.33 |
| ATKR Atkore Inc. | New | 2.23% | +2.23 |
| CVCO Cavco Industries Inc. | Add +53.9% | 3.34% | +1.13 |
| PATK Patrick Industries Inc. | New | 1.01% | +1.01 |
| EXP Eagle Materials Inc. | Add +10.0% | 4.24% | +0.86 |
| TRIP Tripadvisor Inc. | Add +30.4% | 2.59% | +0.78 |
| CLMB Climb Global Solutions Inc. | Add +11.0% | 3.49% | +0.64 |
| BELFB Bel Fuse Inc. Class B | New | 0.58% | +0.58 |
| PHIN Phinia Inc. | Add +10.0% | 2.78% | +0.44 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.44% | +0.44 |
| UFPT Ufp Technologies Inc. | Add +9.2% | 1.44% | +0.38 |
| SFM Sprouts Farmers Market Inc. | Add +10.2% | 1.55% | +0.32 |
| MTG Mgic Investment Corp. | Add +9.6% | 3.19% | +0.24 |
| IPGP Ipg Photonics Corp. | Add +57.8% | 1.60% | +0.18 |
| RMNI Rimini Street Inc. | Add +30.1% | 1.74% | +0.17 |
| LAMR Lamar Advertising Co. Class A | Add +10.2% | 2.35% | +0.12 |
| ECVT Ecovyst Inc. | Add +9.2% | 1.74% | +0.10 |
| SEI Solaris Energy Infrastructur | Add +9.8% | 2.23% | +0.04 |
| LII Lennox International Inc. | Add +9.5% | 2.03% | +0.04 |
| NTIC Northern Technologies Intl | Add +3.9% | 2.05% | +0.02 |
| KOS Kosmos Energy Ltd. | Add +33.8% | 1.70% | +0.02 |
| EPSN Epsilon Energy Ltd. | Add +10.1% | 1.14% | +0.02 |
| TKR Timken Co. | Add +8.7% | 1.38% | +0.01 |
| CASS Cass Information Systems Inc. | Add +10.1% | 2.80% | +0.01 |
| STR Sitio Royalties Corp. Class A | Add +9.7% | 1.44% | −0.02 |
| IGIC International General Insura | Add +9.8% | 2.05% | −0.03 |
| IMXI International Money Express | Add +9.7% | 2.07% | −0.07 |
| DOX Amdocs Ltd. | Add +9.8% | 1.92% | −0.08 |
| BLCO Bausch + Lomb Corp. | Add +9.7% | 1.98% | −0.11 |
| G Genpact Ltd. | Add +9.1% | 0.90% | −0.12 |
| AGM Federal Agric MTG Corp. Class C | Add +10.3% | 3.72% | −0.12 |
| IRMD Iradimed Corp. | Add +9.7% | 0.95% | −0.15 |
| BWA Borgwarner Inc. | Add +9.6% | 1.73% | −0.18 |
| LSTR Landstar System Inc. | Add +9.8% | 2.48% | −0.18 |
| GBTG Global Business Travel Group | Add +9.3% | 1.26% | −0.19 |
| NRP Natural Resource Partners LP | Add +11.9% | 3.93% | −0.21 |
| KN Knowles Corp. | Add +8.5% | 1.44% | −0.29 |
| BIOX Bioceres Crop Solutions Corp. | Add +10.2% | 2.04% | −0.32 |
| EPR Epr Properties | Add +9.8% | 1.66% | −0.37 |
| GPRE Green Plains Inc. | Add +9.4% | 2.30% | −0.39 |
| CRMT America's Car-Mart Inc. | Add +9.5% | 1.67% | −0.45 |
| GSM Ferroglobe PLC | Add +16.2% | 1.52% | −0.49 |
| CBNK Capital Bancorp Inc. | Add +10.4% | 2.11% | −0.50 |
| TDC Teradata Corp. | Add +10.5% | 2.73% | −0.53 |
| EXTR Extreme Networks Inc. | Add +9.4% | 0.83% | −0.53 |
| RCMT RCM Technologies Inc. | Add +9.6% | 1.36% | −0.62 |
| CONSOL ENERGY INC | Add +10.3% | 2.53% | −0.70 |
| CMP Compass Minerals Internation | Add +9.5% | 1.04% | −0.76 |
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 |