Ballast, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed November 7, 2025), Ballast, Inc. reported 128 stock positions worth $381.9 million. Its top holding was Vanguard Most SM-Cap ETF-Usd (VB) at 10.2% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 9.8%) and Invesco S&P 500 Quality ETF (SPHQ, 6.5%). Compared with Q1 2025, it opened 6 new positions, sold out of 3, added to 45 and reduced 40. The biggest buy was iShares Preferred & Income S (PFF, shares +45%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Lexington, KY
- CIK
- 0001730477
- Portfolio Value
- $381.9M (Q2 2025)
- SEC Filing
- 0001172661-25-004627 ↗ filed Nov 7, 2025
Holdings Value
Holdings 128 stocks · $381.9M
| VB Vanguard Most SM-Cap ETF-Usd | 10.15% | 163,617 | $38.8M | Add +6.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 9.82% | 134,045 | $37.5M | Add +1.8% |
| SPHQ Invesco S&P 500 Quality ETF | 6.52% | 349,424 | $24.9M | Reduce -1.3% |
| COWZ Pacer US Cash Cows 100 ETF | 4.62% | 320,078 | $17.6M | Add +8.8% |
| VEU Vanguard Ftse All-World Ex-U | 4.34% | 246,864 | $16.6M | Reduce -4.6% |
| SHY iShares 1-3 Year Treasury Bo | 4.22% | 194,438 | $16.1M | Add +26.1% |
| RSP Invesco S&P 500 Equal Weight | 4.22% | 88,603 | $16.1M | Add +6.1% |
| VYM Vanguard High DVD Yield ETF | 4.06% | 116,399 | $15.5M | Add +1.7% |
| SPLV Invesco S&P 500 Low Volatili | 3.78% | 198,447 | $14.5M | Add +1.1% |
| PFF iShares Preferred & Income S | 3.04% | 378,855 | $11.6M | Add +45.1% |
| AAPL Apple Inc. | 2.88% | 53,628 | $11.0M | Reduce -0.0% |
| IWF iShares Russell 1000 Growth | 2.70% | 24,318 | $10.3M | Reduce -3.8% |
| VHT Vanguard Health Care ETF | 2.44% | 37,503 | $9.3M | Add +13.2% |
| MSFT Microsoft Corp. | 2.13% | 16,340 | $8.1M | Reduce -0.2% |
| IWD iShares Russell 1000 Value E | 1.93% | 37,974 | $7.4M | Add +5.3% |
| UNH Unitedhealth Group Inc. | 1.28% | 15,614 | $4.9M | Add +8.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.26% | 9,942 | $4.8M | Add +26.0% |
| GRBK Green Brick Partners Inc. | 1.21% | 73,494 | $4.6M | No change |
| JPM JPMorgan Chase & Co. | 1.06% | 13,994 | $4.1M | Reduce -2.1% |
| AMZN Amazon.com Inc. | 0.99% | 17,208 | $3.8M | Add +0.2% |
| JNJ Johnson & Johnson | 0.94% | 23,531 | $3.6M | Add +1.4% |
| VGT Vanguard Info Tech ETF | 0.90% | 5,186 | $3.4M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 0.88% | 4,330 | $3.4M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.75% | 2,894 | $2.9M | Reduce -3.7% |
| GOOG Alphabet Inc. Class C | 0.66% | 14,258 | $2.5M | Add +94.5% |
| PG The Procter & Gamble Co. | 0.66% | 15,870 | $2.5M | Reduce -1.2% |
| WMT Walmart Inc. | 0.63% | 24,773 | $2.4M | Reduce -3.3% |
| VWO Vanguard Ftse Emerging Marke | 0.61% | 47,453 | $2.3M | Reduce -26.0% |
| XOM Exxon Mobil Corp. | 0.54% | 18,997 | $2.0M | Add +37.0% |
| HD Home Depot Inc. | 0.52% | 5,376 | $2.0M | Add +3.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.50% | 17,562 | $1.9M | Reduce -4.9% |
| DUK Duke Energy Corp. | 0.49% | 15,849 | $1.9M | Add +0.4% |
| CSCO Cisco Systems Inc. | 0.47% | 26,081 | $1.8M | Reduce -2.7% |
| AGG iShares Core U.S. Aggregate | 0.47% | 18,209 | $1.8M | Reduce -0.2% |
| RTX RTX Corp. | 0.47% | 12,228 | $1.8M | Reduce -4.8% |
| TRV The Travelers Cos Inc. | 0.46% | 6,634 | $1.8M | Reduce -2.5% |
| TFC Truist Financial Corp. | 0.46% | 41,058 | $1.8M | Add +4.3% |
| DE Deere & Co. | 0.45% | 3,403 | $1.7M | Reduce -4.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 13,941 | $1.7M | Add +3.3% |
| NKE Nike Inc. Class B | 0.44% | 23,791 | $1.7M | Add +13.1% |
| GOOGL Alphabet Inc. Class A | 0.44% | 9,456 | $1.7M | Add +1.3% |
| NTRS Northern Trust Corp. | 0.43% | 13,039 | $1.7M | Add +1.5% |
| TXN Texas Instruments Inc. | 0.43% | 7,927 | $1.6M | Add +3.0% |
| ED Consolidated Edison Inc. | 0.43% | 16,269 | $1.6M | Add +1.2% |
| HON Honeywell International Inc. | 0.42% | 6,965 | $1.6M | Add +2.0% |
| TGT Target Corp. | 0.42% | 16,368 | $1.6M | Add +22.0% |
| MU Micron Technology Inc. | 0.42% | 13,061 | $1.6M | Add +3.4% |
| CRM Salesforce Inc. | 0.41% | 5,738 | $1.6M | Add +6.1% |
| BA The Boeing Co. | 0.40% | 7,222 | $1.5M | Reduce -8.5% |
| V Visa Inc. Class A | 0.39% | 4,233 | $1.5M | Add +0.4% |
| NVDA Nvidia Corp. | 0.37% | 9,008 | $1.4M | No change |
| AMD Advanced Micro Devices | 0.36% | 9,725 | $1.4M | Add +3.6% |
| CB Chubb Ltd. | 0.36% | 4,734 | $1.4M | Add +0.1% |
| DD Dupont DE Nemours Inc. | 0.35% | 19,600 | $1.3M | Add +10.4% |
| MDLZ Mondelez International Inc. Class A | 0.34% | 19,057 | $1.3M | Reduce -4.8% |
| KMB Kimberly-Clark Corp. | 0.33% | 9,866 | $1.3M | Add +2.1% |
| TMUS T-Mobile US Inc. | 0.33% | 5,285 | $1.3M | Add +6.4% |
| UNP Union Pacific Corp. | 0.32% | 5,319 | $1.2M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.31% | 1,916 | $1.2M | Add +0.8% |
| MDT Medtronic PLC | 0.30% | 13,196 | $1.2M | Add +8.8% |
| PEP Pepsico Inc. | 0.30% | 8,642 | $1.1M | No change |
| CAT Caterpillar Inc. | 0.29% | 2,825 | $1.1M | Reduce -0.0% |
| ORCL Oracle Corp. | 0.27% | 4,672 | $1.0M | No change |
| PFE Pfizer Inc. | 0.26% | 41,205 | $999K | Add +29.0% |
| HAL Halliburton Co. | 0.26% | 48,466 | $988K | Add +86.8% |
| KO The Coca-Cola Co. | 0.24% | 13,175 | $932K | No change |
| VLO Valero Energy Corp. | 0.23% | 6,536 | $879K | Add +3.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 1,237 | $764K | Add +0.9% |
| MCD McDonald's Corp. | 0.17% | 2,244 | $656K | Reduce -5.8% |
| SYK Stryker Corp. | 0.17% | 1,642 | $650K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.17% | 3,091 | $633K | Reduce -0.9% |
| NSC Norfolk Southern Corp. | 0.16% | 2,408 | $616K | Reduce -15.0% |
| GLW Corning Inc. | 0.16% | 11,672 | $614K | No change |
| IJH iShares Core S&P Midcap ETF | 0.16% | 9,848 | $611K | Reduce -2.7% |
| GS Goldman Sachs Group Inc. | 0.15% | 836 | $592K | Reduce -4.5% |
| ABBV Abbvie Inc. | 0.15% | 3,132 | $581K | No change |
| XPO Xpo Inc. | 0.14% | 4,173 | $527K | No change |
| VXF Vanguard Extended Market ETF | 0.13% | 2,625 | $506K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.13% | 2,811 | $497K | No change |
| MA Mastercard Inc. Class A | 0.13% | 882 | $496K | Reduce -1.7% |
| GD General Dynamics Corp. | 0.13% | 1,650 | $481K | No change |
| META Meta Platforms Inc. Class A | 0.12% | 635 | $469K | Reduce -3.0% |
| MKL Markel Group Inc. | 0.12% | 228 | $455K | Reduce -5.0% |
| BX Blackstone Inc. | 0.12% | 3,016 | $451K | Reduce -4.5% |
| AFL Aflac Inc. | 0.12% | 4,275 | $451K | No change |
| IJR iShares Core S&P Small-Cap E | 0.11% | 3,977 | $435K | No change |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.11% | 4,554 | $434K | Reduce -4.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.11% | 8,144 | $426K | Reduce -1.4% |
| AXP American Express Co. | 0.11% | 1,288 | $411K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 8,562 | $405K | Reduce -79.0% |
| CINF Cincinnati Financial Corp. | 0.10% | 2,655 | $395K | No change |
| GLD SPDR Gold Shares | 0.10% | 1,295 | $395K | No change |
| NEE Nextera Energy Inc. | 0.10% | 5,533 | $384K | No change |
| SCHD Schwab US DVD Equity ETF | 0.10% | 14,415 | $382K | No change |
| EMR Emerson Electric Co. | 0.10% | 2,857 | $381K | Reduce -0.1% |
| KKR KKR & Co. Inc. | 0.10% | 2,822 | $375K | Reduce -2.9% |
| VNQ Vanguard Real Estate ETF | 0.10% | 4,185 | $373K | No change |
| ABT Abbott Laboratories | 0.10% | 2,693 | $366K | No change |
| CTSH Cognizant Tech Solutions-A | 0.09% | 4,570 | $357K | No change |
| NOC Northrop Grumman Corp. | 0.09% | 701 | $350K | Reduce -0.4% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.0% | 2.88% | −0.49 |
| BAC Bank of America Corp. | Reduce -79.0% | 0.11% | −0.38 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.31 |
| INTC Intel Corp. | Sold out | 0.00% | −0.29 |
| VWO Vanguard Ftse Emerging Marke | Reduce -26.0% | 0.61% | −0.21 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -1.3% | 6.52% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 0.66% | −0.11 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -4.6% | 4.34% | −0.10 |
| PM Philip Morris International | Sold out | 0.00% | −0.07 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -4.9% | 0.50% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -3.7% | 0.75% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.8% | 0.34% | −0.05 |
| TRV The Travelers Cos Inc. | Reduce -2.5% | 0.46% | −0.04 |
| MCD McDonald's Corp. | Reduce -5.8% | 0.17% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -0.2% | 0.47% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.1% | 0.32% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -15.0% | 0.16% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -24.5% | 0.09% | −0.03 |
| DE Deere & Co. | Reduce -4.4% | 0.45% | −0.02 |
| RTX RTX Corp. | Reduce -4.8% | 0.47% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -0.4% | 0.09% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -1.7% | 0.13% | −0.01 |
| HOMB Home Bancshares Inc. | Reduce -5.5% | 0.07% | −0.01 |
| MKL Markel Group Inc. | Reduce -5.0% | 0.12% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -1.4% | 0.11% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.7% | 0.16% | −0.01 |
| BX Blackstone Inc. | Reduce -4.5% | 0.12% | −0.01 |
| MCO Moody's Corp. | Reduce -6.5% | 0.08% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.9% | 0.17% | −0.01 |
| WMT Walmart Inc. | Reduce -3.3% | 0.63% | −0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -5.3% | 0.07% | −0.00 |
| KKR KKR & Co. Inc. | Reduce -2.9% | 0.10% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -4.6% | 0.11% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -2.7% | 0.47% | +0.01 |
| EMR Emerson Electric Co. | Reduce -0.1% | 0.10% | +0.01 |
| BA The Boeing Co. | Reduce -8.5% | 0.40% | +0.02 |
| META Meta Platforms Inc. Class A | Reduce -3.0% | 0.12% | +0.02 |
| GS Goldman Sachs Group Inc. | Reduce -4.5% | 0.15% | +0.02 |
| CAT Caterpillar Inc. | Reduce -0.0% | 0.29% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -2.1% | 1.06% | +0.07 |
| VGT Vanguard Info Tech ETF | Reduce -1.8% | 0.90% | +0.09 |
| IWF iShares Russell 1000 Growth | Reduce -3.8% | 2.70% | +0.12 |
| MSFT Microsoft Corp. | Reduce -0.2% | 2.13% | +0.39 |
Portfolio Buys Q1 2025 → Q2 2025
| PFF iShares Preferred & Income S | Add +45.1% | 3.04% | +0.77 |
| SHY iShares 1-3 Year Treasury Bo | Add +26.1% | 4.22% | +0.61 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +6.8% | 10.15% | +0.54 |
| GOOG Alphabet Inc. Class C | Add +94.5% | 0.66% | +0.34 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.8% | 9.82% | +0.19 |
| RSP Invesco S&P 500 Equal Weight | Add +6.1% | 4.22% | +0.12 |
| MU Micron Technology Inc. | Add +3.4% | 0.42% | +0.11 |
| AMD Advanced Micro Devices | Add +3.6% | 0.36% | +0.09 |
| AVGO Broadcom Inc. | New | 0.09% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| DIS The Walt Disney Co. | Add +3.3% | 0.45% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +26.0% | 1.26% | +0.08 |
| NTRS Northern Trust Corp. | Add +1.5% | 0.43% | +0.07 |
| HAL Halliburton Co. | Add +86.8% | 0.26% | +0.07 |
| XOM Exxon Mobil Corp. | Add +37.0% | 0.54% | +0.07 |
| NKE Nike Inc. Class B | Add +13.1% | 0.44% | +0.06 |
| AMZN Amazon.com Inc. | Add +0.2% | 0.99% | +0.06 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.06% | +0.06 |
| COWZ Pacer US Cash Cows 100 ETF | Add +8.8% | 4.62% | +0.06 |
| BN Brookfield Corp. | New | 0.06% | +0.06 |
| GE General Electric | New | 0.06% | +0.06 |
| ECL Ecolab Inc. | New | 0.05% | +0.05 |
| TXN Texas Instruments Inc. | Add +3.0% | 0.43% | +0.04 |
| PFE Pfizer Inc. | Add +29.0% | 0.26% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 0.44% | +0.03 |
| TGT Target Corp. | Add +22.0% | 0.42% | +0.03 |
| HON Honeywell International Inc. | Add +2.0% | 0.42% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +5.3% | 1.93% | +0.01 |
| TSLA Tesla Inc. | Add +1.3% | 0.08% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.8% | 0.31% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.9% | 0.20% | +0.01 |
| TFC Truist Financial Corp. | Add +4.3% | 0.46% | +0.00 |
| CRM Salesforce Inc. | Add +6.1% | 0.41% | −0.00 |
| T AT&T Inc. | Add +0.3% | 0.06% | −0.00 |
| VLO Valero Energy Corp. | Add +3.6% | 0.23% | −0.01 |
| COP Conocophillips | Add +16.5% | 0.08% | −0.01 |
| MDT Medtronic PLC | Add +8.8% | 0.30% | −0.01 |
| DD Dupont DE Nemours Inc. | Add +10.4% | 0.35% | −0.02 |
| HD Home Depot Inc. | Add +3.3% | 0.52% | −0.02 |
| V Visa Inc. Class A | Add +0.4% | 0.39% | −0.02 |
| VHT Vanguard Health Care ETF | Add +13.2% | 2.44% | −0.04 |
| CB Chubb Ltd. | Add +0.1% | 0.36% | −0.05 |
| TMUS T-Mobile US Inc. | Add +6.4% | 0.33% | −0.05 |
| DUK Duke Energy Corp. | Add +0.4% | 0.49% | −0.06 |
| KMB Kimberly-Clark Corp. | Add +2.1% | 0.33% | −0.06 |
| ED Consolidated Edison Inc. | Add +1.2% | 0.43% | −0.08 |
| VYM Vanguard High DVD Yield ETF | Add +1.7% | 4.06% | −0.11 |
| LLY Eli Lilly & Co. | Add +0.6% | 0.88% | −0.12 |
| JNJ Johnson & Johnson | Add +1.4% | 0.94% | −0.15 |
| SPLV Invesco S&P 500 Low Volatili | Add +1.1% | 3.78% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 156 | $530.2M | VB, VO, SPHQ, VYM, RSP |
| Q1 2026 | 133 | $432.4M | VB, VO, SPHQ, VYM, RSP |
| Q4 2025 | 133 | $427.3M | VB, VO, SPHQ, VYM, RSP |
| Q3 2025 | 132 | $410.7M | VB, VO, SPHQ, COWZ, VEU |
| Q2 2025Amended | 128 | $381.9M | VB, VO, SPHQ, COWZ, VEU |
| Q1 2025 | 125 | $353.4M | VO, VB, SPHQ, COWZ, VEU |
| Q4 2024 | 119 | $349.8M | VB, VO, SPHQ, COWZ, VEU |
| Q3 2024 | 125 | $352.5M | VO, VB, SPHQ, VEU, VYM |
| Q2 2024 | 120 | $324.9M | VO, VB, SPHQ, VEU, VYM |
| Q1 2024 | 120 | $316.5M | VO, VB, SPHQ, SHY, VEU |