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Ballast Asset Management, LP

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13F filer, CIK 1998389, DALLAS, TX

Ballast Asset Management, LP reported $192,368,359 across 54 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 35.34% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001998389-25-000006

Period
2025-06-30
Reported value
$192M
Holdings
54
Top 10 weight
35.34%
New
6
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
COLLnew+87,206$2.58M
MBINnew+76,469$2.53M
OZKnew+51,620$2.43M
DCInew+34,860$2.42M
BRKRnew+52,800$2.18M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
IGICreduced-215,159-$5.17M
BWAexited-94,795-$2.72M
MTGreduced-83,621-$2.33M
SITIO ROYALTIES CORPexited-110,973-$2.21M
TKRexited-29,953-$2.15M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001998389-25-000006, largest first. % of portfolio is the value over $192,368,359, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CLMBCLIMB GLOBAL SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,959 shares; 2024Q4: 79,358 shares; 2025Q1: 80,618 shares; 2025Q2: 80,618 shares 80,618$8.62M4.48%0Timeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 499,512 shares; 2024Q4: 290,744 shares; 2025Q1: 295,118 shares; 2025Q2: 295,118 shares 295,118$8.35M4.34%0Timeline
NRPNATURAL RESOURCE PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,200 shares; 2024Q4: 80,019 shares; 2025Q1: 81,588 shares; 2025Q2: 81,588 shares 81,588$7.79M4.05%0Timeline
TPBTURNING PT BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,609 shares; 2024Q4: 100,141 shares; 2025Q1: 101,629 shares; 2025Q2: 101,629 shares 101,629$7.7M4%0Timeline
AGMFEDERAL AGRIC MTG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,713 shares; 2024Q4: 35,432 shares; 2025Q1: 35,981 shares; 2025Q2: 35,981 shares 35,981$6.99M3.63%0Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,734 shares; 2024Q4: 68,334 shares; 2025Q1: 69,366 shares; 2025Q2: 69,366 shares 69,366$6.78M3.52%0Timeline
CBNKCAPITAL BANCORP INC MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,293 shares; 2024Q4: 190,345 shares; 2025Q1: 193,321 shares; 2025Q2: 193,321 shares 193,321$6.49M3.37%0Timeline
AZZAZZ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,660 shares; 2024Q4: 66,180 shares; 2025Q1: 67,173 shares; 2025Q2: 56,078 shares 56,078$5.3M2.75%-11,095Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,223 shares; 2024Q4: 15,677 shares; 2025Q1: 15,911 shares; 2025Q2: 12,158 shares 12,158$5.28M2.75%-3,753Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 26,322 shares; 2025Q2: 26,322 shares 26,322$4.68M2.43%0Timeline
ECVTECOVYST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 489,907 shares; 2024Q4: 478,360 shares; 2025Q1: 485,587 shares; 2025Q2: 555,373 shares 555,373$4.57M2.38%+69,786Timeline
PATKPATRICK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,539 shares; 2024Q4: 48,613 shares; 2025Q1: 49,342 shares; 2025Q2: 49,342 shares 49,342$4.55M2.37%0Timeline
BCOBRINKS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,238 shares; 2024Q4: 39,360 shares; 2025Q1: 50,502 shares; 2025Q2: 50,506 shares 50,506$4.51M2.34%+4Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 140,015 shares; 2025Q1: 284,962 shares; 2025Q2: 285,302 shares 285,302$4.4M2.29%+340Timeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,941 shares; 2024Q4: 21,234 shares; 2025Q1: 21,537 shares; 2025Q2: 21,537 shares 21,537$4.35M2.26%0Timeline
EPREPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,810 shares; 2024Q4: 73,282 shares; 2025Q1: 74,368 shares; 2025Q2: 74,368 shares 74,368$4.33M2.25%0Timeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,366 shares; 2024Q4: 172,938 shares; 2025Q1: 175,602 shares; 2025Q2: 175,602 shares 175,602$4.21M2.19%0Timeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 276,606 shares; 2024Q4: 227,745 shares; 2025Q1: 231,174 shares; 2025Q2: 147,553 shares 147,553$4.11M2.14%-83,621Timeline
GPGIGPGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,474 shares; 2024Q4: 189,500 shares; 2025Q1: 286,594 shares; 2025Q2: 288,948 shares 288,948$4.07M2.12%+2,354Timeline
CASSCASS INFORMATION SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 112,815 shares; 2024Q4: 107,610 shares; 2025Q1: 100,959 shares; 2025Q2: 90,106 shares 90,106$3.92M2.04%-10,853Timeline
LSTRLANDSTAR SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,909 shares; 2024Q4: 24,082 shares; 2025Q1: 24,439 shares; 2025Q2: 26,965 shares 26,965$3.75M1.95%+2,526Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 49,711 shares; 2025Q2: 49,711 shares 49,711$3.47M1.8%0Timeline
GGENPACT LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,418 shares; 2024Q4: 74,256 shares; 2025Q1: 75,384 shares; 2025Q2: 75,384 shares 75,384$3.32M1.72%0Timeline
RCMTRCM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,439 shares; 2024Q4: 135,146 shares; 2025Q1: 137,165 shares; 2025Q2: 138,511 shares 138,511$3.26M1.7%+1,346Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 589,053 shares; 2024Q4: 739,945 shares; 2025Q1: 807,411 shares; 2025Q2: 848,087 shares 848,087$3.11M1.62%+40,676Timeline
HLMNHILLMAN SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 377,510 shares; 2025Q1: 383,198 shares; 2025Q2: 424,790 shares 424,790$3.03M1.58%+41,592Timeline
KNKNOWLES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 172,005 shares; 2024Q4: 166,916 shares; 2025Q1: 169,103 shares; 2025Q2: 169,103 shares 169,103$2.98M1.55%0Timeline
EPSNEPSILON ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 402,541 shares; 2024Q4: 396,829 shares; 2025Q1: 402,901 shares; 2025Q2: 402,901 shares 402,901$2.97M1.55%0Timeline
BLCOBAUSCH PLUS LOMB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 221,323 shares; 2024Q4: 213,987 shares; 2025Q1: 217,131 shares; 2025Q2: 217,131 shares 217,131$2.83M1.47%0Timeline
CRMTAMERICAS CAR-MART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,531 shares; 2024Q4: 49,353 shares; 2025Q1: 50,067 shares; 2025Q2: 50,067 shares 50,067$2.81M1.46%0Timeline
CCSICONSENSUS CLOUD SOLUTIONS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,464 shares; 2025Q1: 116,744 shares; 2025Q2: 117,935 shares 117,935$2.72M1.41%+1,191Timeline
COLLCOLLEGIUM PHARMACEUTICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 87,206 shares 87,206$2.58M1.34%newTimeline
TEXTEREX CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 44,775 shares; 2025Q1: 45,450 shares; 2025Q2: 54,650 shares 54,650$2.55M1.33%+9,200Timeline
EXTREXTREME NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,362 shares; 2024Q4: 137,716 shares; 2025Q1: 139,702 shares; 2025Q2: 141,026 shares 141,026$2.53M1.32%+1,324Timeline
MBINMERCHANTS BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 76,469 shares 76,469$2.53M1.31%newTimeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 405,298 shares; 2024Q4: 392,366 shares; 2025Q1: 397,922 shares; 2025Q2: 397,922 shares 397,922$2.51M1.3%0Timeline
IRMDIRADIMED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,708 shares; 2024Q4: 40,320 shares; 2025Q1: 40,914 shares; 2025Q2: 40,914 shares 40,914$2.45M1.27%0Timeline
OZKBANK OZK LITTLE ROCK ARKQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 51,620 shares 51,620$2.43M1.26%newTimeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,860 shares 34,860$2.42M1.26%newTimeline
IPGPIPG PHOTONICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,716 shares; 2024Q4: 34,261 shares; 2025Q1: 34,744 shares; 2025Q2: 34,744 shares 34,744$2.39M1.24%0Timeline
TRIPTRIPADVISOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 184,186 shares; 2024Q4: 178,023 shares; 2025Q1: 180,672 shares; 2025Q2: 180,672 shares 180,672$2.36M1.23%0Timeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 713,316 shares; 2024Q4: 874,684 shares; 2025Q1: 988,184 shares; 2025Q2: 1,364,387 shares 1,364,387$2.35M1.22%+376,203Timeline
DOXAMDOCS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,194 shares; 2024Q4: 24,404 shares; 2025Q1: 24,734 shares; 2025Q2: 24,734 shares 24,734$2.26M1.17%0Timeline
LIILENNOX INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,719 shares; 2024Q4: 3,821 shares; 2025Q1: 3,863 shares; 2025Q2: 3,863 shares 3,863$2.21M1.15%0Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,800 shares 52,800$2.18M1.13%newTimeline
CBTCABOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 28,532 shares 28,532$2.14M1.11%newTimeline
IMXIINTERNATIONAL MONEY EXPRESSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,520 shares; 2024Q4: 208,243 shares; 2025Q1: 211,366 shares; 2025Q2: 211,366 shares 211,366$2.13M1.11%0Timeline
IMKTAINGLES MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,904 shares; 2025Q1: 31,363 shares; 2025Q2: 31,669 shares 31,669$2.01M1.04%+306Timeline
BIOXBIOCERES CROP SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 349,700 shares; 2024Q4: 431,887 shares; 2025Q1: 438,406 shares; 2025Q2: 438,406 shares 438,406$1.96M1.02%0Timeline
PHINPHINIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,269 shares; 2024Q4: 135,481 shares; 2025Q1: 41,410 shares; 2025Q2: 41,410 shares 41,410$1.84M0.96%0Timeline
IGICINTL GNRL INSURANCE HLDNGS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,640 shares; 2024Q4: 283,850 shares; 2025Q1: 288,056 shares; 2025Q2: 72,897 shares 72,897$1.75M0.91%-215,159Timeline
QDELQUIDELORTHO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,432 shares; 2024Q4: 24,815 shares; 2025Q1: 25,190 shares; 2025Q2: 25,190 shares 25,190$726K0.38%0Timeline
RHLDRESOLUTE HLDGS MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,946 shares; 2025Q2: 16,102 shares 16,102$513K0.27%+156Timeline
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,889 shares; 2024Q4: 2,889 shares; 2025Q1: 2,889 shares; 2025Q2: 2,889 shares 2,889$325K0.17%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BWABORGWARNER INC94,795$2.72Mshares
SITIO ROYALTIES CORPSITIO ROYALTIES CORP110,973$2.21Mshares
TKRTIMKEN CO29,953$2.15Mshares
NTICNORTHERN TECHNOLOGIES INTL C141,920$1.48Mshares
UFPTUFP TECHNOLOGIES INC6,102$1.23Mshares
GPREGREEN PLAINS INC196,303$952Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001998389-25-000006 base2025-08-13acceptance time not in the bulk data set