Ballast Asset Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Ballast Asset Management, LP reported 49 stock positions worth $195.6 million. Its top holding was Climb Global Solutions (CLMB) at 4.9% of the portfolio, followed by Natural Resource Partners (NRP, 4.2%) and Mgic Investment (MTG, 3.6%). Compared with Q2 2024, it opened 2 new positions, sold out of 4, added to 7 and reduced 39. The biggest buy was a new position in Turning Point Brands (TPB) and the biggest sale an exit from Sprouts Farmers Market (SFM).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001998389
- Portfolio Value
- $195.6M (Q3 2024)
- SEC Filing
- 0001998389-24-000005 ↗ filed Nov 14, 2024
Holdings Value
Holdings 49 stocks · $195.6M
| CLMB Climb Global Solutions Inc. | 4.88% | 95,959 | $9.6M | Reduce -1.6% |
| NRP Natural Resource Partners LP | 4.16% | 83,200 | $8.1M | Reduce -1.6% |
| MTG Mgic Investment Corp. | 3.62% | 276,606 | $7.1M | Reduce -1.4% |
| CVCO Cavco Industries Inc. | 3.55% | 16,223 | $6.9M | Reduce -1.4% |
| AGM Federal Agric MTG Corp. Class C | 3.52% | 36,713 | $6.9M | Reduce -1.5% |
| PHIN Phinia Inc. | 3.30% | 140,269 | $6.5M | Reduce -1.4% |
| SEI Solaris Energy Infrastructur | 3.26% | 499,512 | $6.4M | Reduce -1.4% |
| EXP Eagle Materials Inc. | 3.23% | 21,941 | $6.3M | Reduce -1.4% |
| AZZ Azz Inc. | 3.11% | 73,660 | $6.1M | Reduce -1.5% |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 2.85% | 293,640 | $5.6M | Reduce -1.4% |
| BELFB Bel Fuse Inc. Class B | 2.84% | 70,734 | $5.6M | Reduce -1.4% |
| CONSOL ENERGY INC | 2.71% | 50,647 | $5.3M | Reduce -14.8% |
| CBNK Capital Bancorp Inc. | 2.59% | 197,293 | $5.1M | Reduce -1.5% |
| PATK Patrick Industries Inc. | 2.44% | 33,539 | $4.8M | Reduce -1.4% |
| LSTR Landstar System Inc. | 2.40% | 24,909 | $4.7M | Reduce -1.4% |
| CASS Cass Information Systems Inc. | 2.39% | 112,815 | $4.7M | Reduce -1.4% |
| LII Lennox International Inc. | 2.38% | 7,719 | $4.7M | Reduce -1.4% |
| TPB Turning Point Brands Inc. | 2.29% | 103,609 | $4.5M | New |
| BLCO Bausch + Lomb Corp. | 2.18% | 221,323 | $4.3M | Reduce -1.4% |
| TDC Teradata Corp. | 2.13% | 137,164 | $4.2M | Reduce -1.5% |
| GEO The Geo Group Inc. | 2.10% | 320,366 | $4.1M | Reduce -1.4% |
| BCO The Brink's Co. | 2.08% | 35,238 | $4.1M | Reduce -2.2% |
| IMXI International Money Express | 2.04% | 215,520 | $4.0M | Reduce -1.4% |
| EPR Epr Properties filed as EPR PPTYS | 1.90% | 75,810 | $3.7M | Reduce -1.4% |
| DOX Amdocs Ltd. | 1.84% | 41,194 | $3.6M | Reduce -1.4% |
| BWA Borgwarner Inc. | 1.79% | 96,611 | $3.5M | Reduce -1.4% |
| ECVT Ecovyst Inc. | 1.72% | 489,907 | $3.4M | Add +60.4% |
| UFPT Ufp Technologies Inc. | 1.67% | 10,322 | $3.3M | Reduce -1.4% |
| GBTG Global Business Travel Group | 1.59% | 405,298 | $3.1M | Reduce -1.4% |
| KN Knowles Corp. | 1.59% | 172,005 | $3.1M | Reduce -1.3% |
| G Genpact Ltd. | 1.49% | 74,418 | $2.9M | Add +39.4% |
| KOS Kosmos Energy Ltd. | 1.47% | 713,316 | $2.9M | Add +27.9% |
| RCMT RCM Technologies Inc. | 1.44% | 138,439 | $2.8M | Add +10.9% |
| BIOX Bioceres Crop Solutions Corp. | 1.41% | 349,700 | $2.7M | Add +9.9% |
| GSM Ferroglobe PLC | 1.40% | 589,053 | $2.7M | Reduce -1.4% |
| TRIP Tripadvisor Inc. | 1.36% | 184,186 | $2.7M | Reduce -1.4% |
| GPRE Green Plains Inc. | 1.36% | 196,129 | $2.7M | Add +0.4% |
| IPGP Ipg Photonics Corp. | 1.32% | 34,716 | $2.6M | Add +0.4% |
| TKR Timken Co. | 1.31% | 30,445 | $2.6M | Reduce -1.2% |
| EPSN Epsilon Energy Ltd. | 1.21% | 402,541 | $2.4M | Reduce -1.4% |
| STR Sitio Royalties Corp. Class A | 1.21% | 113,125 | $2.4M | Reduce -1.4% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 1.11% | 154,474 | $2.2M | New |
| EXTR Extreme Networks Inc. | 1.09% | 142,362 | $2.1M | Reduce -1.4% |
| CRMT America's Car-Mart Inc. | 1.08% | 50,531 | $2.1M | Reduce -1.4% |
| IRMD Iradimed Corp. | 1.07% | 41,708 | $2.1M | Reduce -1.4% |
| NTIC Northern Technologies Intl | 0.91% | 144,728 | $1.8M | Reduce -18.2% |
| RMNI Rimini Street Inc. | 0.68% | 714,108 | $1.3M | Reduce -32.0% |
| QDEL Quidelortho Corp. | 0.59% | 25,432 | $1.2M | Reduce -1.4% |
| AMR Alpha Metallurgical Resource | 0.35% | 2,889 | $683K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −2.14 |
| ATKR Atkore Inc. | Sold out | 0.00% | −1.69 |
| RMNI Rimini Street Inc. | Reduce -32.0% | 0.68% | −1.08 |
| CMP Compass Minerals Internation | Sold out | 0.00% | −0.73 |
| NTIC Northern Technologies Intl | Reduce -18.2% | 0.91% | −0.68 |
| CRMT America's Car-Mart Inc. | Reduce -1.4% | 1.08% | −0.59 |
| CONSOL ENERGY INC | Reduce -14.8% | 2.71% | −0.58 |
| TDC Teradata Corp. | Reduce -1.5% | 2.13% | −0.48 |
| TRIP Tripadvisor Inc. | Reduce -1.4% | 1.36% | −0.44 |
| IMXI International Money Express | Reduce -1.4% | 2.04% | −0.44 |
| GEO The Geo Group Inc. | Reduce -1.4% | 2.10% | −0.43 |
| GSM Ferroglobe PLC | Reduce -1.4% | 1.40% | −0.34 |
| STR Sitio Royalties Corp. Class A | Reduce -1.4% | 1.21% | −0.26 |
| LAMR Lamar Advertising Co. Class A | Sold out | 0.00% | −0.14 |
| AGM Federal Agric MTG Corp. Class C | Reduce -1.5% | 3.52% | −0.14 |
| LSTR Landstar System Inc. | Reduce -1.4% | 2.40% | −0.12 |
| CASS Cass Information Systems Inc. | Reduce -1.4% | 2.39% | −0.10 |
| KN Knowles Corp. | Reduce -1.3% | 1.59% | −0.05 |
| TKR Timken Co. | Reduce -1.2% | 1.31% | −0.03 |
| AZZ Azz Inc. | Reduce -1.5% | 3.11% | −0.02 |
| EPSN Epsilon Energy Ltd. | Reduce -1.4% | 1.21% | −0.00 |
| EXTR Extreme Networks Inc. | Reduce -1.4% | 1.09% | +0.04 |
| NRP Natural Resource Partners LP | Reduce -1.6% | 4.16% | +0.04 |
| DOX Amdocs Ltd. | Reduce -1.4% | 1.84% | +0.05 |
| IRMD Iradimed Corp. | Reduce -1.4% | 1.07% | +0.06 |
| BWA Borgwarner Inc. | Reduce -1.4% | 1.79% | +0.08 |
| BCO The Brink's Co. | Reduce -2.2% | 2.08% | +0.08 |
| LII Lennox International Inc. | Reduce -1.4% | 2.38% | +0.11 |
| GBTG Global Business Travel Group | Reduce -1.4% | 1.59% | +0.12 |
| QDEL Quidelortho Corp. | Reduce -1.4% | 0.59% | +0.13 |
| EPR Epr Properties | Reduce -1.4% | 1.90% | +0.15 |
| UFPT Ufp Technologies Inc. | Reduce -1.4% | 1.67% | +0.17 |
| PHIN Phinia Inc. | Reduce -1.4% | 3.30% | +0.26 |
| BELFB Bel Fuse Inc. Class B | Reduce -1.4% | 2.84% | +0.30 |
| MTG Mgic Investment Corp. | Reduce -1.4% | 3.62% | +0.34 |
| CBNK Capital Bancorp Inc. | Reduce -1.5% | 2.59% | +0.37 |
| BLCO Bausch + Lomb Corp. | Reduce -1.4% | 2.18% | +0.42 |
| CVCO Cavco Industries Inc. | Reduce -1.4% | 3.55% | +0.46 |
| IGIC International General Insura | Reduce -1.4% | 2.85% | +0.59 |
| EXP Eagle Materials Inc. | Reduce -1.4% | 3.23% | +0.60 |
| PATK Patrick Industries Inc. | Reduce -1.4% | 2.44% | +0.72 |
| SEI Solaris Energy Infrastructur | Reduce -1.4% | 3.26% | +0.90 |
| CLMB Climb Global Solutions Inc. | Reduce -1.6% | 4.88% | +1.56 |
Portfolio Buys Q2 2024 → Q3 2024
| TPB Turning Point Brands Inc. | New | 2.29% | +2.29 |
| GPGI Gpgi Inc. | New | 1.11% | +1.11 |
| G Genpact Ltd. | Add +39.4% | 1.49% | +0.56 |
| ECVT Ecovyst Inc. | Add +60.4% | 1.72% | +0.23 |
| RCMT RCM Technologies Inc. | Add +10.9% | 1.44% | +0.17 |
| KOS Kosmos Energy Ltd. | Add +27.9% | 1.47% | −0.21 |
| IPGP Ipg Photonics Corp. | Add +0.4% | 1.32% | −0.26 |
| GPRE Green Plains Inc. | Add +0.4% | 1.36% | −0.32 |
| BIOX Bioceres Crop Solutions Corp. | Add +9.9% | 1.41% | −0.53 |
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 |