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Ballast Asset Management, LP

3879 MAPLE AVE SUITE 300, DALLAS, TX 75219 • 469-420-5220

Q4 2025 · Filed 2026-02-09
Market Value
$212M
-3.4%
Holdings
55
-2
New Purchases
1
Added To
4
Closed
3
Reduced
46
Top 10 Concentration
31.0%
Turnover
7.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RHLD 1.54% 0.54% +1.00% $3M
ASIX 0.87% 0.00% +0.87% $2M
COLL 2.42% 1.83% +0.59% $5M
EPSN 1.74% 1.28% +0.47% $4M
BRKRP 1.49% 1.03% +0.46% $3M
ATNI 1.32% 0.87% +0.45% $3M
IRMD 1.67% 1.22% +0.45% $4M
LSTR 2.27% 1.93% +0.33% $5M
TPB 3.34% 3.05% +0.29% $7M
GEO 1.96% 1.69% +0.27% $4M
RGLD 2.70% 2.44% +0.26% $6M
QDEL 1.33% 1.08% +0.26% $3M
ECVT 2.49% 2.24% +0.25% $5M
BLCO 1.73% 1.52% +0.21% $4M
MLI 1.58% 1.40% +0.19% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CLMB 3.73% 4.91% -1.18% $8M
DOX 0.00% 0.88% -0.88% $0
SEI 2.45% 3.32% -0.86% $5M
CRMT 0.00% 0.68% -0.68% $0
BIOX 0.00% 0.48% -0.48% $0
CCSI 1.20% 1.61% -0.42% $3M
KOS 0.78% 1.17% -0.39% $2M
RCMT 1.30% 1.69% -0.39% $3M
CBNK 2.46% 2.79% -0.33% $5M
EPR 1.74% 2.02% -0.28% $4M
EXP 2.10% 2.36% -0.26% $4M
EXTR 1.07% 1.33% -0.26% $2M
GPGI 2.58% 2.79% -0.21% $5M
CRTO 1.77% 1.94% -0.17% $4M
OZK 1.45% 1.60% -0.15% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Industrials 22.0%
Energy 14.8%
Technology 14.4%
Basic Materials 14.3%
Financial Services 10.8%

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $12M 5.8%
Mid Cap 27 $107M 50.7%
Small Cap 21 $86M 40.4%
Micro Cap 4 $6M 3.0%

Portfolio Analytics

Avg Market Cap
$4.1B
Median Market Cap
$2.8B
Avg P/E
40.1
Median P/E
18.2
Avg Dividend Yield
0.01%
Avg Beta
0.91
# Stocks
55
# ETFs / Funds
0

Top Holdings (55 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CLMB 3.73% 76,857 $8M $102.79 -$3M -2,940 -3.7%
2 NRP 3.56% 72,207 $8M $104.40 -$428K -3,661 -4.8%
3 BELFB 3.37% 42,008 $7M $169.63 -$77K -9,072 -17.8%
4 TPB 3.34% 65,242 $7M $108.40 $394K -2,310 -3.4%
5 CVCO 3.30% 11,812 $7M $590.74 -$130K -427 -3.5%
6 AGM 2.90% 34,977 $6M $175.57 $50K -1,281 -3.5%
7 AZZ 2.77% 54,692 $6M $107.18 -$314K -1,904 -3.4%
8 BCO 2.73% 49,506 $6M $116.73 -$210K -1,743 -3.4%
9 RGLD 2.70% 25,707 $6M $222.29 $376K -910 -3.4%
10 GPGI 2.58% 283,203 $5M $19.28 -$647K -10,108 -3.5%
11 PATK 2.49% 48,544 $5M $108.43 $67K -1,701 -3.4%
12 ECVT 2.49% 540,845 $5M $9.73 $356K -19,292 -3.4%
13 CBNK 2.46% 184,880 $5M $28.17 -$910K -6,916 -3.6%
14 SEI 2.45% 113,026 $5M $45.97 -$2M -68,748 -37.8%
15 COLL 2.42% 110,443 $5M $46.30 $1M -3,872 -3.4%
16 LSTR 2.27% 33,424 $5M $143.70 $565K -1,155 -3.3%
17 TMST 2.26% 279,412 $5M $17.16 $12K -9,905 -3.4%
18 MBIN 2.14% 133,296 $5M $34.06 $155K -4,591 -3.3%
19 EXP 2.10% 21,473 $4M $206.68 -$731K -707 -3.2%
20 TEX 2.09% 83,054 $4M $53.38 $32K -2,741 -3.2%
21 CNR 2.08% 49,695 $4M $88.51 $107K -1,708 -3.3%
22 MTG 2.01% 145,808 $4M $29.22 -$21K -5,110 -3.4%
23 GEO 1.96% 257,858 $4M $16.12 $449K +76,927 +42.5%
24 GSM 1.86% 849,162 $4M $4.64 -$57K -29,414 -3.4%
25 GBTG 1.77% 489,519 $4M $7.65 -$344K -16,480 -3.3%
26 CRTO 1.77% 181,678 $4M $20.61 -$501K -6,172 -3.3%
27 EPSN 1.74% 794,322 $4M $4.64 $890K +239,595 +43.2%
28 EPR 1.74% 73,802 $4M $49.90 -$746K -2,541 -3.3%
29 BLCO 1.73% 214,326 $4M $17.09 $322K -7,336 -3.3%
30 HLMN 1.72% 419,645 $4M $8.66 -$352K -14,546 -3.4%
31 KN 1.69% 167,337 $4M $21.43 -$434K -5,110 -3.0%
32 G 1.67% 75,680 $4M $46.78 $260K -2,632 -3.4%
33 IRMD 1.67% 36,237 $4M $97.28 $860K -1,218 -3.2%
34 MLI 1.58% 29,210 $3M $114.80 $296K -1,029 -3.4%
35 RHLD 1.54% 15,869 $3M $204.83 $2M -546 -3.3%
36 BRKRP 1.49% 67,082 $3M $47.11 $907K -2,282 -3.3%
37 OZK 1.45% 66,605 $3M $46.02 -$444K -2,225 -3.2%
38 DCI 1.43% 34,242 $3M $88.66 $134K -1,211 -3.4%
39 QDEL 1.33% 98,775 $3M $28.56 $464K +18,756 +23.4%
40 ATNI 1.32% 122,408 $3M $22.80 $894K -4,319 -3.4%
41 RCMT 1.30% 135,085 $3M $20.45 -$951K -4,774 -3.4%
42 TRIP 1.23% 178,993 $3M $14.56 -$405K -6,188 -3.3%
43 PHIN 1.22% 41,122 $3M $62.69 $132K -1,435 -3.4%
44 CCSI 1.20% 116,355 $3M $21.82 -$999K -4,102 -3.4%
45 IPGP 1.14% 33,814 $2M $71.60 -$346K -1,127 -3.2%
46 EXTR 1.07% 136,318 $2M $16.65 -$642K -4,690 -3.3%
47 IMKTA 1.01% 31,183 $2M $68.55 -$107K -1,085 -3.4%
48 CASS 0.98% 50,009 $2M $41.52 $41K -1,750 -3.4%
49 CBT 0.89% 28,435 $2M $66.28 -$353K -987 -3.4%
50 ASIX 0.87% 106,734 $2M $17.30 +106,734 NEW
51 KOS 0.78% 1,820,744 $2M $0.91 -$923K +269,714 +17.4%
52 AMR 0.60% 6,338 $1M $199.88 $227K
53 BIOX —% -$1M -745,030 -100.0% SOLD
54 CRMT —% -$1M -50,949 -100.0% SOLD
55 DOX —% -$2M -23,493 -100.0% SOLD

New Positions

SymbolValue% Port
ASIX $2M 0.87%

Sold Out Positions

SymbolValue% Port
BIOX —%
CRMT —%
DOX —%
View SEC EDGAR Filings for Ballast Asset Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms