Ballast, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Ballast, Inc. reported 133 stock positions worth $432.4 million. Its top holding was Vanguard Most SM-Cap ETF-Usd (VB) at 10.4% 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 Q4 2025, it opened 4 new positions, sold out of 4, added to 62 and reduced 34. The biggest buy was Vanguard High DVD Yield ETF (VYM, shares +3%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
Lexington, KY
CIK
0001730477
Portfolio Value
$432.4M (Q1 2026)
SEC Filing
0001172661-26-002204 ↗ filed May 15, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $316.5M Q1 2024 Q2 2024: $324.9M Q2 2024 Q3 2024: $352.5M Q3 2024 Q4 2024: $349.8M Q4 2024 Q1 2025: $353.4M Q1 2025 Q2 2025: $381.9M Q2 2025 Q3 2025: $410.7M Q3 2025 Q4 2025: $427.3M Q4 2025 Q1 2026: $432.4M $432.4M Q1 2026 Q2 2026: $530.2M Q2 2026

Holdings 133 stocks · $432.4M
VB Vanguard Most SM-Cap ETF-Usd 10.40% 171,762 $45.0M Add +1.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 9.36% 140,974 $40.5M Add +2.1%
SPHQ Invesco S&P 500 Quality ETF 6.53% 375,405 $28.2M Add +1.3%
VYM Vanguard High DVD Yield ETF 5.12% 149,339 $22.1M Add +3.1%
RSP Invesco S&P 500 Equal Weight 4.32% 97,331 $18.7M Add +2.1%
VEU Vanguard Ftse All-World Ex-U 4.23% 243,788 $18.3M Add +0.3%
SHY iShares 1-3 Year Treasury Bo 4.23% 221,415 $18.3M Add +3.3%
IWD iShares Russell 1000 Value E 3.67% 74,187 $15.9M Add +4.5%
PFF iShares Preferred & Income S 3.00% 428,201 $13.0M Add +3.1%
AAPL Apple Inc. 2.99% 50,867 $12.9M Reduce -0.8%
IWF iShares Russell 1000 Growth 2.96% 30,011 $12.8M Add +2.8%
SPLV Invesco S&P 500 Low Volatili 2.89% 170,890 $12.5M Add +1.1%
COWZ Pacer US Cash Cows 100 ETF 2.88% 198,841 $12.4M Reduce -0.8%
VHT Vanguard Health Care ETF 2.53% 40,198 $10.9M Add +2.0%
MSFT Microsoft Corp. 1.47% 17,141 $6.3M Add +5.6%
JNJ Johnson & Johnson 1.31% 23,130 $5.7M Add +1.9%
BRK.B Berkshire Hathaway Inc. Class B 1.20% 10,862 $5.2M Reduce -1.6%
GRBK Green Brick Partners Inc. 1.10% 73,494 $4.7M No change
UNH Unitedhealth Group Inc. 0.98% 15,693 $4.2M Reduce -1.6%
JPM JPMorgan Chase & Co. 0.96% 14,086 $4.1M Add +2.3%
AMZN Amazon.com Inc. 0.89% 18,525 $3.9M Add +4.3%
GOOG Alphabet Inc. Class C 0.87% 13,157 $3.8M Add +3.4%
VGT Vanguard Info Tech ETF 0.85% 5,273 $3.7M Add +1.8%
LLY Eli Lilly & Co. 0.85% 3,993 $3.7M Reduce -0.1%
MU Micron Technology Inc. 0.77% 9,850 $3.3M Reduce -2.5%
COST Costco Wholesale Corp. 0.70% 3,026 $3.0M Add +0.7%
WMT Walmart Inc. 0.68% 23,600 $2.9M Reduce -2.0%
GOOGL Alphabet Inc. Class A 0.66% 9,935 $2.9M Add +2.9%
XOM Exxon Mobil Corp. 0.65% 16,454 $2.8M Reduce -15.9%
CAT Caterpillar Inc. 0.62% 3,781 $2.7M Add +33.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.58% 22,831 $2.5M Add +19.1%
PG The Procter & Gamble Co. 0.57% 17,017 $2.5M Add +4.4%
VWO Vanguard Ftse Emerging Marke 0.56% 44,842 $2.4M Add +1.4%
AGG iShares Core U.S. Aggregate 0.52% 22,572 $2.2M Add +16.4%
RTX RTX Corp. 0.49% 11,035 $2.1M Add +0.3%
DE Deere & Co. 0.49% 3,732 $2.1M Add +3.4%
DUK Duke Energy Corp. 0.48% 15,948 $2.1M Add +1.0%
TGT Target Corp. 0.46% 16,474 $2.0M Add +0.3%
CSCO Cisco Systems Inc. 0.45% 25,102 $1.9M Add +0.8%
TRV The Travelers Cos Inc. 0.44% 6,584 $1.9M Add +0.9%
ED Consolidated Edison Inc. 0.43% 16,616 $1.9M Add +1.6%
HD Home Depot Inc. 0.43% 5,705 $1.9M Add +1.5%
TFC Truist Financial Corp. 0.42% 39,641 $1.8M Reduce -0.1%
AMD Advanced Micro Devices 0.41% 8,768 $1.8M Add +12.4%
HAL Halliburton Co. 0.40% 44,543 $1.7M Reduce -0.3%
HON Honeywell International Inc. 0.39% 7,506 $1.7M Add +0.8%
TXN Texas Instruments Inc. 0.38% 8,559 $1.7M Add +0.4%
NTRS Northern Trust Corp. 0.38% 11,783 $1.6M Add +0.9%
CB Chubb Ltd. 0.36% 4,811 $1.6M Add +0.9%
BA The Boeing Co. 0.35% 7,584 $1.5M Add +2.6%
GLW Corning Inc. 0.34% 10,924 $1.5M No change
VLO Valero Energy Corp. 0.33% 5,787 $1.4M Add +0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 14,834 $1.4M Add +2.2%
V Visa Inc. Class A 0.32% 4,611 $1.4M Reduce -0.5%
NVDA Nvidia Corp. 0.32% 7,950 $1.4M Reduce -0.7%
PEP Pepsico Inc. 0.32% 8,835 $1.4M Add +1.3%
NKE Nike Inc. Class B 0.31% 25,661 $1.4M Add +3.1%
UNP Union Pacific Corp. 0.31% 5,516 $1.3M Add +3.7%
MDLZ Mondelez International Inc. Class A 0.30% 22,435 $1.3M Add +2.6%
TMUS T-Mobile US Inc. 0.30% 6,109 $1.3M Add +2.1%
DD Dupont DE Nemours Inc. 0.30% 27,980 $1.3M Add +2.2%
IVV iShares Core S&P 500 ETF 0.29% 1,920 $1.3M Add +0.2%
PFE Pfizer Inc. 0.28% 43,332 $1.2M Add +1.7%
CRM Salesforce Inc. 0.27% 6,322 $1.2M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 1,801 $1.2M Add +42.8%
KMB Kimberly-Clark Corp. 0.26% 11,854 $1.1M Add +2.3%
MDT Medtronic PLC 0.26% 12,939 $1.1M Add +1.2%
KO The Coca-Cola Co. 0.21% 11,829 $900K Reduce -2.3%
AXP American Express Co. 0.19% 2,776 $840K Reduce -2.7%
MCD McDonald's Corp. 0.17% 2,328 $724K Reduce -5.3%
ABBV Abbvie Inc. 0.17% 3,324 $723K No change
BRK.A Berkshire Hathaway Inc. Class A 0.17% 1 $718K No change
VIG Vanguard Dividend Apprec ETF 0.15% 3,091 $665K No change
ORCL Oracle Corp. 0.15% 4,426 $651K No change
IJH iShares Core S&P Midcap ETF 0.15% 9,615 $649K Reduce -0.2%
NSC Norfolk Southern Corp. 0.14% 2,129 $611K No change
VTI VG Morningstar TS MKT ETF-US 0.13% 1,805 $579K Reduce -53.4%
GLD SPDR Gold Shares 0.13% 1,295 $557K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.13% 2,811 $552K Reduce -2.4%
GD General Dynamics Corp. 0.13% 1,576 $541K No change
VXF Vanguard Extended Market ETF 0.12% 2,625 $540K No change
SYK Stryker Corp. 0.12% 1,643 $540K No change
GS Goldman Sachs Group Inc. 0.12% 632 $535K Reduce -3.2%
XPO Xpo Inc. 0.12% 2,645 $515K Reduce -36.6%
NEE Nextera Energy Inc. 0.12% 5,498 $511K No change
CBK Commercial Bancgroup Inc. 0.11% 18,975 $494K No change
META Meta Platforms Inc. Class A 0.11% 852 $487K Add +17.5%
TSLA Tesla Inc. 0.11% 1,291 $480K Add +30.3%
MRK Merck & Co. Inc. 0.11% 3,954 $476K Add +14.5%
COP Conocophillips 0.11% 3,584 $473K Reduce -0.1%
CVX Chevron Corp. 0.10% 2,185 $452K Reduce -4.4%
AFL Aflac Inc. 0.10% 4,089 $449K No change
SCHD Schwab US DVD Equity ETF 0.10% 14,415 $442K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 8,981 $438K No change
VOO Vanguard S&P 500 ETF 0.10% 703 $420K Add +15.8%
IJR iShares Core S&P Small-Cap E 0.10% 3,376 $420K No change
MA Mastercard Inc. Class A 0.09% 818 $409K Reduce -5.8%
CHDN Churchill Downs Inc. 0.09% 4,265 $383K Reduce -2.5%
NOC Northrop Grumman Corp. 0.09% 560 $382K Reduce -9.4%
VNQ Vanguard Real Estate ETF 0.09% 4,185 $371K No change
AVGO Broadcom Inc. 0.09% 1,195 $370K No change
IWS iShares Russell Mid-Cap Valu 0.08% 2,487 $362K No change
EMR Emerson Electric Co. 0.08% 2,757 $361K No change
SPYV SS SPDR P S&P 500 Value ETF 0.08% 6,331 $358K Reduce -2.1%
FDX FedEx Corp. 0.08% 977 $348K No change
WFC Wells Fargo & Co. 0.08% 4,303 $343K Reduce -6.5%
CINF Cincinnati Financial Corp. 0.08% 2,170 $341K No change
USB US Bancorp 0.08% 6,538 $340K No change
DGX Quest Diagnostics Inc. 0.08% 1,712 $336K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.08% 3,328 $326K Add +3.3%
SHOP Shopify Inc. Class A 0.07% 2,525 $300K Add +37.2%
Q Qnity Electronics Inc. 0.07% 2,557 $295K Reduce -11.6%
PLTR Palantir Technologies Inc. Class A 0.07% 1,998 $292K Add +1.8%
QQQ Invesco QQQ Trust Series 1 0.06% 480 $277K Add +29.4%
MKL Markel Group Inc. 0.06% 143 $274K No change
T AT&T Inc. 0.06% 9,058 $263K Add +7.7%
SLF Sun Life Financial Inc. 0.06% 4,083 $255K No change
KKR KKR & Co. Inc. 0.06% 2,752 $255K No change
XLE SS Energy Select Sector 0.06% 4,000 $245K New
BX Blackstone Inc. 0.06% 2,106 $242K No change
CHD Church & Dwight Co. Inc. 0.06% 2,587 $241K Reduce -8.8%
CTSH Cognizant Tech Solutions-A 0.06% 3,908 $240K Reduce -14.6%
ABT Abbott Laboratories 0.06% 2,333 $240K Reduce -10.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.05% 646 $237K No change
GE General Electric filed as GE AEROSPACE 0.05% 830 $236K Reduce -6.3%
LMT Lockheed Martin Corp. 0.05% 381 $230K New
SPDW Ste STR SPDR PT DW Eu ETF 0.05% 4,962 $227K Reduce -1.3%
D Dominion Energy Inc. 0.05% 3,473 $215K Reduce -11.9%
LIN Linde PLC 0.05% 425 $211K New
GXO Gxo Logistics Inc. 0.05% 4,062 $211K No change
ALL Allstate Corp. 0.05% 1,001 $208K No change
IWM iShares Russell 2000 ETF 0.05% 826 $205K New
PACK Ranpak Holdings Corp. 0.01% 10,925 $39K No change

Portfolio Sells Q4 2025 → Q1 2026
AAPL Apple Inc. Reduce -0.8% 2.99% −0.28
UNH Unitedhealth Group Inc. Reduce -1.6% 0.98% −0.25
VXUS Vanguard Total Intl Stock Sold out 0.00% −0.17
VTI VG Morningstar TS MKT ETF-US Reduce -53.4% 0.13% −0.17
LLY Eli Lilly & Co. Reduce -0.1% 0.85% −0.16
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.6% 1.20% −0.09
BNDX Vanguard Total Intl Bond ETF Sold out 0.00% −0.08
ACN Accenture PLC Class A Sold out 0.00% −0.06
V Visa Inc. Class A Reduce -0.5% 0.32% −0.06
MCO Moody's Corp. Sold out 0.00% −0.05
AXP American Express Co. Reduce -2.7% 0.19% −0.05
TFC Truist Financial Corp. Reduce -0.1% 0.42% −0.04
CTSH Cognizant Tech Solutions-A Reduce -14.6% 0.06% −0.03
NVDA Nvidia Corp. Reduce -0.7% 0.32% −0.03
CHDN Churchill Downs Inc. Reduce -2.5% 0.09% −0.03
MA Mastercard Inc. Class A Reduce -5.8% 0.09% −0.02
ABT Abbott Laboratories Reduce -10.7% 0.06% −0.02
WFC Wells Fargo & Co. Reduce -6.5% 0.08% −0.02
XPO Xpo Inc. Reduce -36.6% 0.12% −0.01
GS Goldman Sachs Group Inc. Reduce -3.2% 0.12% −0.01
GE General Electric Reduce -6.3% 0.05% −0.01
MCD McDonald's Corp. Reduce -5.3% 0.17% −0.01
D Dominion Energy Inc. Reduce -11.9% 0.05% −0.00
SPYV SS SPDR P S&P 500 Value ETF Reduce -2.1% 0.08% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -2.4% 0.13% −0.00
CHD Church & Dwight Co. Inc. Reduce -8.8% 0.06% +0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -1.3% 0.05% +0.00
IJH iShares Core S&P Midcap ETF Reduce -0.2% 0.15% +0.00
NOC Northrop Grumman Corp. Reduce -9.4% 0.09% +0.01
KO The Coca-Cola Co. Reduce -2.3% 0.21% +0.01
Q Qnity Electronics Inc. Reduce -11.6% 0.07% +0.01
CVX Chevron Corp. Reduce -4.4% 0.10% +0.02
COP Conocophillips Reduce -0.1% 0.11% +0.03
WMT Walmart Inc. Reduce -2.0% 0.68% +0.05
COWZ Pacer US Cash Cows 100 ETF Reduce -0.8% 2.88% +0.06
XOM Exxon Mobil Corp. Reduce -15.9% 0.65% +0.09
MU Micron Technology Inc. Reduce -2.5% 0.77% +0.09
HAL Halliburton Co. Reduce -0.3% 0.40% +0.11

Portfolio Buys Q4 2025 → Q1 2026
VYM Vanguard High DVD Yield ETF Add +3.1% 5.12% +0.25
CAT Caterpillar Inc. Add +33.5% 0.62% +0.24
JNJ Johnson & Johnson Add +1.9% 1.31% +0.21
VB Vanguard Most SM-Cap ETF-Usd Add +1.5% 10.40% +0.19
IWD iShares Russell 1000 Value E Add +4.5% 3.67% +0.17
VLO Valero Energy Corp. Add +0.8% 0.33% +0.11
DE Deere & Co. Add +3.4% 0.49% +0.09
COST Costco Wholesale Corp. Add +0.7% 0.70% +0.09
TGT Target Corp. Add +0.3% 0.46% +0.09
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +19.1% 0.58% +0.08
SHY iShares 1-3 Year Treasury Bo Add +3.3% 4.23% +0.07
SPY SS SPDR S&P 500 ETF Trust-US Add +42.8% 0.27% +0.07
AGG iShares Core U.S. Aggregate Add +16.4% 0.52% +0.07
SPLV Invesco S&P 500 Low Volatili Add +1.1% 2.89% +0.06
XLE SS Energy Select Sector New 0.06% +0.06
ED Consolidated Edison Inc. Add +1.6% 0.43% +0.05
LMT Lockheed Martin Corp. New 0.05% +0.05
HON Honeywell International Inc. Add +0.8% 0.39% +0.05
DUK Duke Energy Corp. Add +1.0% 0.48% +0.05
VEU Vanguard Ftse All-World Ex-U Add +0.3% 4.23% +0.05
LIN Linde PLC New 0.05% +0.05
IWM iShares Russell 2000 ETF New 0.05% +0.05
RSP Invesco S&P 500 Equal Weight Add +2.1% 4.32% +0.05
DD Dupont DE Nemours Inc. Add +2.2% 0.30% +0.04
TXN Texas Instruments Inc. Add +0.4% 0.38% +0.04
PFE Pfizer Inc. Add +1.7% 0.28% +0.03
MRK Merck & Co. Inc. Add +14.5% 0.11% +0.02
PEP Pepsico Inc. Add +1.3% 0.32% +0.02
MDLZ Mondelez International Inc. Class A Add +2.6% 0.30% +0.02
PG The Procter & Gamble Co. Add +4.4% 0.57% +0.02
UNP Union Pacific Corp. Add +3.7% 0.31% +0.02
AMD Advanced Micro Devices Add +12.4% 0.41% +0.02
RTX RTX Corp. Add +0.3% 0.49% +0.02
SPHQ Invesco S&P 500 Quality ETF Add +1.3% 6.53% +0.02
CB Chubb Ltd. Add +0.9% 0.36% +0.01
TMUS T-Mobile US Inc. Add +2.1% 0.30% +0.01
T AT&T Inc. Add +7.7% 0.06% +0.01
QQQ Invesco QQQ Trust Series 1 Add +29.4% 0.06% +0.01
VOO Vanguard S&P 500 ETF Add +15.8% 0.10% +0.01
NTRS Northern Trust Corp. Add +0.9% 0.38% +0.01
TSLA Tesla Inc. Add +30.3% 0.11% +0.01
VWO Vanguard Ftse Emerging Marke Add +1.4% 0.56% +0.00
CSCO Cisco Systems Inc. Add +0.8% 0.45% +0.00
TRV The Travelers Cos Inc. Add +0.9% 0.44% +0.00
META Meta Platforms Inc. Class A Add +17.5% 0.11% +0.00
SHOP Shopify Inc. Class A Add +37.2% 0.07% 0.00
SPYG SS SPDR P S&P 500 Growth ETF Add +3.3% 0.08% −0.01
PFF iShares Preferred & Income S Add +3.1% 3.00% −0.01
KMB Kimberly-Clark Corp. Add +2.3% 0.26% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +2.1% 9.36% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 156$530.2MVB, VO, SPHQ, VYM, RSP
Q1 2026 133$432.4MVB, VO, SPHQ, VYM, RSP
Q4 2025 133$427.3MVB, VO, SPHQ, VYM, RSP
Q3 2025 132$410.7MVB, VO, SPHQ, COWZ, VEU
Q2 2025Amended 128$381.9MVB, VO, SPHQ, COWZ, VEU
Q1 2025 125$353.4MVO, VB, SPHQ, COWZ, VEU
Q4 2024 119$349.8MVB, VO, SPHQ, COWZ, VEU
Q3 2024 125$352.5MVO, VB, SPHQ, VEU, VYM
Q2 2024 120$324.9MVO, VB, SPHQ, VEU, VYM
Q1 2024 120$316.5MVO, VB, SPHQ, SHY, VEU