Ballast, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Ballast, Inc. reported 133 stock positions worth $427.3 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, 9.4%) and Invesco S&P 500 Quality ETF (SPHQ, 6.5%). Compared with Q3 2025, it opened 7 new positions, sold out of 7, added to 70 and reduced 36. The biggest buy was iShares Russell 1000 Value E (IWD, shares +81%) and the biggest sale Pacer US Cash Cows 100 ETF (COWZ, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- Lexington, KY
- CIK
- 0001730477
- Portfolio Value
- $427.3M (Q4 2025)
- SEC Filing
- 0001172661-26-000458 ↗ filed Feb 3, 2026
Holdings Value
Holdings 133 stocks · $427.3M
| VB Vanguard Most SM-Cap ETF-Usd | 10.22% | 169,204 | $43.6M | Add +1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 9.38% | 138,025 | $40.1M | Add +1.0% |
| SPHQ Invesco S&P 500 Quality ETF | 6.51% | 370,528 | $27.8M | Add +2.2% |
| VYM Vanguard High DVD Yield ETF | 4.86% | 144,777 | $20.8M | Add +20.9% |
| RSP Invesco S&P 500 Equal Weight | 4.27% | 95,336 | $18.3M | Add +3.9% |
| VEU Vanguard Ftse All-World Ex-U | 4.18% | 243,075 | $17.9M | Reduce -2.5% |
| SHY iShares 1-3 Year Treasury Bo | 4.16% | 214,361 | $17.8M | Add +4.5% |
| IWD iShares Russell 1000 Value E | 3.49% | 70,978 | $14.9M | Add +81.2% |
| AAPL Apple Inc. | 3.26% | 51,300 | $13.9M | Reduce -3.7% |
| IWF iShares Russell 1000 Growth | 3.24% | 29,206 | $13.8M | Add +17.0% |
| PFF iShares Preferred & Income S | 3.01% | 415,371 | $12.9M | Add +4.7% |
| SPLV Invesco S&P 500 Low Volatili | 2.83% | 169,080 | $12.1M | Reduce -17.5% |
| COWZ Pacer US Cash Cows 100 ETF | 2.82% | 200,343 | $12.1M | Reduce -39.4% |
| VHT Vanguard Health Care ETF | 2.65% | 39,389 | $11.3M | Add +1.3% |
| MSFT Microsoft Corp. | 1.84% | 16,230 | $7.8M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.30% | 11,035 | $5.5M | Add +11.3% |
| UNH Unitedhealth Group Inc. | 1.23% | 15,946 | $5.3M | Add +1.6% |
| JNJ Johnson & Johnson | 1.10% | 22,702 | $4.7M | Reduce -2.1% |
| GRBK Green Brick Partners Inc. | 1.08% | 73,494 | $4.6M | No change |
| JPM JPMorgan Chase & Co. | 1.04% | 13,770 | $4.4M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 1.01% | 3,998 | $4.3M | Reduce -8.3% |
| AMZN Amazon.com Inc. | 0.96% | 17,757 | $4.1M | Add +4.7% |
| GOOG Alphabet Inc. Class C | 0.93% | 12,727 | $4.0M | Reduce -9.5% |
| VGT Vanguard Info Tech ETF | 0.91% | 5,181 | $3.9M | Reduce -5.9% |
| GOOGL Alphabet Inc. Class A | 0.71% | 9,655 | $3.0M | Add +0.7% |
| MU Micron Technology Inc. | 0.67% | 10,101 | $2.9M | Reduce -20.8% |
| WMT Walmart Inc. | 0.63% | 24,072 | $2.7M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.61% | 3,005 | $2.6M | Add +4.2% |
| VWO Vanguard Ftse Emerging Marke | 0.56% | 44,213 | $2.4M | Reduce -6.1% |
| XOM Exxon Mobil Corp. | 0.55% | 19,569 | $2.4M | Add +3.3% |
| PG The Procter & Gamble Co. | 0.55% | 16,294 | $2.3M | Add +3.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.49% | 19,164 | $2.1M | Add +2.6% |
| RTX RTX Corp. | 0.47% | 11,004 | $2.0M | Reduce -7.5% |
| TFC Truist Financial Corp. | 0.46% | 39,668 | $2.0M | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 0.45% | 19,388 | $1.9M | Add +3.4% |
| HD Home Depot Inc. | 0.45% | 5,619 | $1.9M | Add +5.7% |
| CSCO Cisco Systems Inc. | 0.45% | 24,904 | $1.9M | Reduce -3.4% |
| TRV The Travelers Cos Inc. | 0.44% | 6,528 | $1.9M | Reduce -0.3% |
| DUK Duke Energy Corp. | 0.43% | 15,790 | $1.9M | Add +0.1% |
| DE Deere & Co. | 0.39% | 3,609 | $1.7M | Add +6.1% |
| AMD Advanced Micro Devices | 0.39% | 7,801 | $1.7M | Reduce -16.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 14,516 | $1.7M | Add +6.3% |
| CRM Salesforce Inc. | 0.39% | 6,227 | $1.6M | Add +8.3% |
| V Visa Inc. Class A | 0.38% | 4,635 | $1.6M | Add +9.2% |
| ED Consolidated Edison Inc. | 0.38% | 16,349 | $1.6M | Add +2.5% |
| CAT Caterpillar Inc. | 0.38% | 2,833 | $1.6M | Add +0.3% |
| TGT Target Corp. | 0.38% | 16,417 | $1.6M | Add +6.4% |
| BA The Boeing Co. | 0.38% | 7,388 | $1.6M | Add +5.8% |
| NTRS Northern Trust Corp. | 0.37% | 11,672 | $1.6M | Reduce -6.5% |
| NKE Nike Inc. Class B | 0.37% | 24,893 | $1.6M | Add +6.7% |
| NVDA Nvidia Corp. | 0.35% | 8,007 | $1.5M | Reduce -11.1% |
| CB Chubb Ltd. | 0.35% | 4,766 | $1.5M | Add +0.6% |
| TXN Texas Instruments Inc. | 0.35% | 8,523 | $1.5M | Add +8.3% |
| HON Honeywell International Inc. | 0.34% | 7,447 | $1.5M | Add +7.7% |
| IVV iShares Core S&P 500 ETF | 0.31% | 1,916 | $1.3M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 3,871 | $1.3M | Add +258.4% |
| HAL Halliburton Co. | 0.30% | 44,670 | $1.3M | Reduce -6.6% |
| PEP Pepsico Inc. | 0.29% | 8,726 | $1.3M | Add +1.0% |
| UNP Union Pacific Corp. | 0.29% | 5,318 | $1.2M | Reduce -0.0% |
| MDT Medtronic PLC | 0.29% | 12,788 | $1.2M | Reduce -2.1% |
| TMUS T-Mobile US Inc. | 0.28% | 5,985 | $1.2M | Add +14.3% |
| MDLZ Mondelez International Inc. Class A | 0.28% | 21,859 | $1.2M | Add +15.2% |
| KMB Kimberly-Clark Corp. | 0.27% | 11,583 | $1.2M | Add +17.1% |
| DD Dupont DE Nemours Inc. | 0.26% | 27,370 | $1.1M | Add +41.1% |
| PFE Pfizer Inc. | 0.25% | 42,618 | $1.1M | Add +4.2% |
| AXP American Express Co. | 0.25% | 2,854 | $1.1M | Add +121.6% |
| GLW Corning Inc. | 0.22% | 10,924 | $957K | Add +0.0% |
| VLO Valero Energy Corp. | 0.22% | 5,740 | $934K | Reduce -9.9% |
| ORCL Oracle Corp. | 0.20% | 4,426 | $863K | Reduce -5.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 1,261 | $860K | Add +0.3% |
| KO The Coca-Cola Co. | 0.20% | 12,106 | $846K | Reduce -8.1% |
| ABBV Abbvie Inc. | 0.18% | 3,324 | $760K | Add +6.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.18% | 1 | $755K | New |
| MCD McDonald's Corp. | 0.18% | 2,458 | $751K | Add +9.5% |
| VXUS Vanguard Total Intl Stock | 0.17% | 9,724 | $734K | New |
| VIG Vanguard Dividend Apprec ETF | 0.16% | 3,091 | $679K | No change |
| IJH iShares Core S&P Midcap ETF | 0.15% | 9,637 | $636K | Reduce -2.1% |
| NSC Norfolk Southern Corp. | 0.14% | 2,129 | $615K | Reduce -11.6% |
| SYK Stryker Corp. | 0.14% | 1,643 | $577K | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.13% | 653 | $574K | Add +3.5% |
| XPO Xpo Inc. | 0.13% | 4,173 | $567K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.13% | 2,881 | $550K | No change |
| VXF Vanguard Extended Market ETF | 0.13% | 2,625 | $549K | No change |
| GD General Dynamics Corp. | 0.12% | 1,576 | $531K | Add +0.1% |
| GLD SPDR Gold Shares | 0.12% | 1,295 | $513K | No change |
| CHDN Churchill Downs Inc. | 0.12% | 4,376 | $498K | New |
| MA Mastercard Inc. Class A | 0.12% | 868 | $496K | Add +5.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 8,981 | $494K | Add +4.9% |
| META Meta Platforms Inc. Class A | 0.11% | 725 | $479K | Add +14.2% |
| CBK Commercial Bancgroup Inc. | 0.11% | 18,975 | $466K | New |
| AFL Aflac Inc. | 0.11% | 4,089 | $451K | Add +0.1% |
| TSLA Tesla Inc. | 0.10% | 991 | $446K | Add +9.3% |
| NEE Nextera Energy Inc. | 0.10% | 5,498 | $441K | Reduce -0.6% |
| WFC Wells Fargo & Co. | 0.10% | 4,601 | $429K | Add +7.1% |
| AVGO Broadcom Inc. | 0.10% | 1,195 | $414K | Add +1.1% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 3,376 | $406K | No change |
| SCHD Schwab US DVD Equity ETF | 0.09% | 14,415 | $395K | No change |
| VOO Vanguard S&P 500 ETF | 0.09% | 607 | $381K | Add +39.9% |
| CTSH Cognizant Tech Solutions-A | 0.09% | 4,576 | $380K | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 0.09% | 4,185 | $370K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| COWZ Pacer US Cash Cows 100 ETF | Reduce -39.4% | 2.82% | −1.81 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -17.5% | 2.83% | −0.84 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -2.5% | 4.18% | −0.15 |
| Q Qnity Electronics Inc. | Reduce -70.2% | 0.06% | −0.14 |
| ORCL Oracle Corp. | Reduce -5.3% | 0.20% | −0.12 |
| VGT Vanguard Info Tech ETF | Reduce -5.9% | 0.91% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -6.1% | 0.56% | −0.07 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -11.1% | 0.35% | −0.06 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.05 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.05 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.05 |
| LIN Linde PLC | Sold out | 0.00% | −0.05 |
| VLO Valero Energy Corp. | Reduce -9.9% | 0.22% | −0.05 |
| AAPL Apple Inc. | Reduce -3.7% | 3.26% | −0.04 |
| NTRS Northern Trust Corp. | Reduce -6.5% | 0.37% | −0.04 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -11.6% | 0.14% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 1.04% | −0.03 |
| NOC Northrop Grumman Corp. | Reduce -11.8% | 0.08% | −0.02 |
| CINF Cincinnati Financial Corp. | Reduce -18.3% | 0.08% | −0.02 |
| UNP Union Pacific Corp. | Reduce -0.0% | 0.29% | −0.02 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Reduce -2.1% | 0.29% | −0.02 |
| KO The Coca-Cola Co. | Reduce -8.1% | 0.20% | −0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -13.5% | 0.08% | −0.01 |
| RTX RTX Corp. | Reduce -7.5% | 0.47% | −0.01 |
| ABT Abbott Laboratories | Reduce -3.0% | 0.08% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.1% | 0.15% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.0% | 0.08% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -9.3% | 0.05% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.6% | 0.09% | −0.00 |
| TRV The Travelers Cos Inc. | Reduce -0.3% | 0.44% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -0.6% | 0.10% | +0.00 |
| HAL Halliburton Co. | Reduce -6.6% | 0.30% | +0.01 |
| TFC Truist Financial Corp. | Reduce -0.8% | 0.46% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -3.4% | 0.45% | +0.02 |
| WMT Walmart Inc. | Reduce -0.6% | 0.63% | +0.02 |
| AMD Advanced Micro Devices | Reduce -16.1% | 0.39% | +0.03 |
| JNJ Johnson & Johnson | Reduce -2.1% | 1.10% | +0.05 |
| GOOG Alphabet Inc. Class C | Reduce -9.5% | 0.93% | +0.10 |
| MU Micron Technology Inc. | Reduce -20.8% | 0.67% | +0.16 |
| LLY Eli Lilly & Co. | Reduce -8.3% | 1.01% | +0.20 |
Portfolio Buys Q3 2025 → Q4 2025
| IWD iShares Russell 1000 Value E | Add +81.2% | 3.49% | +1.55 |
| VYM Vanguard High DVD Yield ETF | Add +20.9% | 4.86% | +0.76 |
| IWF iShares Russell 1000 Growth | Add +17.0% | 3.24% | +0.39 |
| VTI VG Morningstar TS MKT ETF-US | Add +258.4% | 0.30% | +0.22 |
| VHT Vanguard Health Care ETF | Add +1.3% | 2.65% | +0.20 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.18% | +0.18 |
| VXUS Vanguard Total Intl Stock | New | 0.17% | +0.17 |
| AXP American Express Co. | Add +121.6% | 0.25% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 0.71% | +0.14 |
| CHDN Churchill Downs Inc. | New | 0.12% | +0.12 |
| CBK Commercial Bancgroup Inc. | New | 0.11% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.3% | 1.30% | +0.08 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.08% | +0.08 |
| SHOP Shopify Inc. Class A | New | 0.07% | +0.07 |
| CRM Salesforce Inc. | Add +8.3% | 0.39% | +0.05 |
| MCO Moody's Corp. | New | 0.05% | +0.05 |
| AMZN Amazon.com Inc. | Add +4.7% | 0.96% | +0.05 |
| CAT Caterpillar Inc. | Add +0.3% | 0.38% | +0.05 |
| TGT Target Corp. | Add +6.4% | 0.38% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +3.9% | 4.27% | +0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Add +2.2% | 6.51% | +0.04 |
| XOM Exxon Mobil Corp. | Add +3.3% | 0.55% | +0.03 |
| V Visa Inc. Class A | Add +9.2% | 0.38% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +39.9% | 0.09% | +0.02 |
| CB Chubb Ltd. | Add +0.6% | 0.35% | +0.02 |
| DE Deere & Co. | Add +6.1% | 0.39% | +0.01 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.09% | +0.01 |
| CTSH Cognizant Tech Solutions-A | Add +0.1% | 0.09% | +0.01 |
| WFC Wells Fargo & Co. | Add +7.1% | 0.10% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +4.5% | 4.16% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +3.5% | 0.13% | +0.01 |
| CVX Chevron Corp. | Add +22.9% | 0.08% | +0.01 |
| MCD McDonald's Corp. | Add +9.5% | 0.18% | +0.01 |
| BA The Boeing Co. | Add +5.8% | 0.38% | +0.01 |
| BAC Bank of America Corp. | Add +4.9% | 0.12% | +0.01 |
| USB US Bancorp | Add +4.1% | 0.08% | +0.01 |
| TSLA Tesla Inc. | Add +9.3% | 0.10% | +0.01 |
| DIS The Walt Disney Co. | Add +6.3% | 0.39% | +0.01 |
| GLW Corning Inc. | Add +0.0% | 0.22% | +0.01 |
| GE General Electric | Add +7.1% | 0.06% | +0.00 |
| AVGO Broadcom Inc. | Add +1.1% | 0.10% | +0.00 |
| MA Mastercard Inc. Class A | Add +5.3% | 0.12% | +0.00 |
| ABBV Abbvie Inc. | Add +6.1% | 0.18% | +0.00 |
| CHD Church & Dwight Co. Inc. | Add +9.7% | 0.06% | +0.00 |
| PACK Ranpak Holdings Corp. | Add +9.3% | 0.01% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.05% | −0.00 |
| META Meta Platforms Inc. Class A | Add +14.2% | 0.11% | −0.00 |
| COP Conocophillips | Add +2.3% | 0.08% | −0.00 |
| PEP Pepsico Inc. | Add +1.0% | 0.29% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.20% | −0.00 |
Options Activity Q3 2025 → Q4 2025
| EEM iShares MSCI Emerging Market | put | Sold out | 23,000 | $1.2Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Sold out | 3,000 | $726Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |