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Ballast Asset Management, LP

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13F filer, CIK 1998389, DALLAS, TX

Ballast Asset Management, LP reported $219,138,741 across 54 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-04. Its ten largest share positions make up 32.62% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001998389-25-000008

Period
2025-09-30
Reported value
$219M
Holdings
54
Top 10 weight
32.62%
New
3
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CRTOnew+187,850$4.25M
MLInew+30,239$3.06M
MBINadded+61,418$1.95M
ATNInew+126,727$1.9M
QDELadded+54,829$1.61M

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
SEIreduced-113,344-$4.53M
TPBreduced-34,077-$3.37M
BELFBreduced-18,286-$2.58M
LIIexited-3,863-$2.21M
IMXIexited-211,366-$2.13M

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, Q3 2025

Share positions as resolved from 13F-HR 0001998389-25-000008, largest first. % of portfolio is the value over $219,138,741, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,959 shares; 2024Q4: 79,358 shares; 2025Q1: 80,618 shares; 2025Q2: 80,618 shares; 2025Q3: 79,797 shares 79,797$10.8M4.91%-821Timeline
NRPNATURAL RESOURCE PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,200 shares; 2024Q4: 80,019 shares; 2025Q1: 81,588 shares; 2025Q2: 81,588 shares; 2025Q3: 75,868 shares 75,868$7.97M3.64%-5,720Timeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 499,512 shares; 2024Q4: 290,744 shares; 2025Q1: 295,118 shares; 2025Q2: 295,118 shares; 2025Q3: 181,774 shares 181,774$7.27M3.32%-113,344Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,734 shares; 2024Q4: 68,334 shares; 2025Q1: 69,366 shares; 2025Q2: 69,366 shares; 2025Q3: 51,080 shares 51,080$7.2M3.29%-18,286Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,223 shares; 2024Q4: 15,677 shares; 2025Q1: 15,911 shares; 2025Q2: 12,158 shares; 2025Q3: 12,239 shares 12,239$7.11M3.24%+81Timeline
TPBTURNING PT BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,609 shares; 2024Q4: 100,141 shares; 2025Q1: 101,629 shares; 2025Q2: 101,629 shares; 2025Q3: 67,552 shares 67,552$6.68M3.05%-34,077Timeline
AZZAZZ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,660 shares; 2024Q4: 66,180 shares; 2025Q1: 67,173 shares; 2025Q2: 56,078 shares; 2025Q3: 56,596 shares 56,596$6.18M2.82%+518Timeline
CBNKCAPITAL BANCORP INC MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,293 shares; 2024Q4: 190,345 shares; 2025Q1: 193,321 shares; 2025Q2: 193,321 shares; 2025Q3: 191,796 shares 191,796$6.12M2.79%-1,525Timeline
GPGIGPGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,474 shares; 2024Q4: 189,500 shares; 2025Q1: 286,594 shares; 2025Q2: 288,948 shares; 2025Q3: 293,311 shares 293,311$6.11M2.79%+4,363Timeline
AGMFEDERAL AGRIC MTG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,713 shares; 2024Q4: 35,432 shares; 2025Q1: 35,981 shares; 2025Q2: 35,981 shares; 2025Q3: 36,258 shares 36,258$6.09M2.78%+277Timeline
BCOBRINKS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,238 shares; 2024Q4: 39,360 shares; 2025Q1: 50,502 shares; 2025Q2: 50,506 shares; 2025Q3: 51,249 shares 51,249$5.99M2.73%+743Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 26,322 shares; 2025Q2: 26,322 shares; 2025Q3: 26,617 shares 26,617$5.34M2.44%+295Timeline
PATKPATRICK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,539 shares; 2024Q4: 48,613 shares; 2025Q1: 49,342 shares; 2025Q2: 49,342 shares; 2025Q3: 50,245 shares 50,245$5.2M2.37%+903Timeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,941 shares; 2024Q4: 21,234 shares; 2025Q1: 21,537 shares; 2025Q2: 21,537 shares; 2025Q3: 22,180 shares 22,180$5.17M2.36%+643Timeline
ECVTECOVYST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 489,907 shares; 2024Q4: 478,360 shares; 2025Q1: 485,587 shares; 2025Q2: 555,373 shares; 2025Q3: 560,137 shares 560,137$4.91M2.24%+4,764Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 140,015 shares; 2025Q1: 284,962 shares; 2025Q2: 285,302 shares; 2025Q3: 289,317 shares 289,317$4.78M2.18%+4,015Timeline
EPREPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,810 shares; 2024Q4: 73,282 shares; 2025Q1: 74,368 shares; 2025Q2: 74,368 shares; 2025Q3: 76,343 shares 76,343$4.43M2.02%+1,975Timeline
TEXTEREX CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 44,775 shares; 2025Q1: 45,450 shares; 2025Q2: 54,650 shares; 2025Q3: 85,795 shares 85,795$4.4M2.01%+31,145Timeline
MBINMERCHANTS BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 76,469 shares; 2025Q3: 137,887 shares 137,887$4.38M2%+61,418Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 49,711 shares; 2025Q2: 49,711 shares; 2025Q3: 51,403 shares 51,403$4.29M1.96%+1,692Timeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 276,606 shares; 2024Q4: 227,745 shares; 2025Q1: 231,174 shares; 2025Q2: 147,553 shares; 2025Q3: 150,918 shares 150,918$4.28M1.95%+3,365Timeline
CRTOCRITEO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 187,850 shares 187,850$4.25M1.94%newTimeline
LSTRLANDSTAR SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,909 shares; 2024Q4: 24,082 shares; 2025Q1: 24,439 shares; 2025Q2: 26,965 shares; 2025Q3: 34,579 shares 34,579$4.24M1.93%+7,614Timeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 405,298 shares; 2024Q4: 392,366 shares; 2025Q1: 397,922 shares; 2025Q2: 397,922 shares; 2025Q3: 505,999 shares 505,999$4.09M1.87%+108,077Timeline
KNKNOWLES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 172,005 shares; 2024Q4: 166,916 shares; 2025Q1: 169,103 shares; 2025Q2: 169,103 shares; 2025Q3: 172,447 shares 172,447$4.02M1.83%+3,344Timeline
COLLCOLLEGIUM PHARMACEUTICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 87,206 shares; 2025Q3: 114,315 shares 114,315$4M1.83%+27,109Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 589,053 shares; 2024Q4: 739,945 shares; 2025Q1: 807,411 shares; 2025Q2: 848,087 shares; 2025Q3: 878,576 shares 878,576$4M1.82%+30,489Timeline
HLMNHILLMAN SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 377,510 shares; 2025Q1: 383,198 shares; 2025Q2: 424,790 shares; 2025Q3: 434,191 shares 434,191$3.99M1.82%+9,401Timeline
RCMTRCM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,439 shares; 2024Q4: 135,146 shares; 2025Q1: 137,165 shares; 2025Q2: 138,511 shares; 2025Q3: 139,859 shares 139,859$3.71M1.69%+1,348Timeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,366 shares; 2024Q4: 172,938 shares; 2025Q1: 175,602 shares; 2025Q2: 175,602 shares; 2025Q3: 180,931 shares 180,931$3.71M1.69%+5,329Timeline
CCSICONSENSUS CLOUD SOLUTIONS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,464 shares; 2025Q1: 116,744 shares; 2025Q2: 117,935 shares; 2025Q3: 120,457 shares 120,457$3.54M1.61%+2,522Timeline
OZKBANK OZK LITTLE ROCK ARKQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 51,620 shares; 2025Q3: 68,830 shares 68,830$3.51M1.6%+17,210Timeline
BLCOBAUSCH PLUS LOMB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 221,323 shares; 2024Q4: 213,987 shares; 2025Q1: 217,131 shares; 2025Q2: 217,131 shares; 2025Q3: 221,662 shares 221,662$3.34M1.52%+4,531Timeline
GGENPACT LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,418 shares; 2024Q4: 74,256 shares; 2025Q1: 75,384 shares; 2025Q2: 75,384 shares; 2025Q3: 78,312 shares 78,312$3.28M1.5%+2,928Timeline
MLIMUELLER INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 30,239 shares 30,239$3.06M1.4%newTimeline
TRIPTRIPADVISOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 184,186 shares; 2024Q4: 178,023 shares; 2025Q1: 180,672 shares; 2025Q2: 180,672 shares; 2025Q3: 185,181 shares 185,181$3.01M1.37%+4,509Timeline
EXTREXTREME NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,362 shares; 2024Q4: 137,716 shares; 2025Q1: 139,702 shares; 2025Q2: 141,026 shares; 2025Q3: 141,008 shares 141,008$2.91M1.33%-18Timeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,860 shares; 2025Q3: 35,453 shares 35,453$2.9M1.32%+593Timeline
EPSNEPSILON ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 402,541 shares; 2024Q4: 396,829 shares; 2025Q1: 402,901 shares; 2025Q2: 402,901 shares; 2025Q3: 554,727 shares 554,727$2.8M1.28%+151,826Timeline
IPGPIPG PHOTONICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,716 shares; 2024Q4: 34,261 shares; 2025Q1: 34,744 shares; 2025Q2: 34,744 shares; 2025Q3: 34,941 shares 34,941$2.77M1.26%+197Timeline
IRMDIRADIMED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,708 shares; 2024Q4: 40,320 shares; 2025Q1: 40,914 shares; 2025Q2: 40,914 shares; 2025Q3: 37,455 shares 37,455$2.67M1.22%-3,459Timeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 713,316 shares; 2024Q4: 874,684 shares; 2025Q1: 988,184 shares; 2025Q2: 1,364,387 shares; 2025Q3: 1,551,030 shares 1,551,030$2.57M1.17%+186,643Timeline
PHINPHINIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,269 shares; 2024Q4: 135,481 shares; 2025Q1: 41,410 shares; 2025Q2: 41,410 shares; 2025Q3: 42,557 shares 42,557$2.45M1.12%+1,147Timeline
QDELQUIDELORTHO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,432 shares; 2024Q4: 24,815 shares; 2025Q1: 25,190 shares; 2025Q2: 25,190 shares; 2025Q3: 80,019 shares 80,019$2.36M1.08%+54,829Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,800 shares; 2025Q3: 69,364 shares 69,364$2.25M1.03%+16,564Timeline
IMKTAINGLES MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,904 shares; 2025Q1: 31,363 shares; 2025Q2: 31,669 shares; 2025Q3: 32,268 shares 32,268$2.24M1.02%+599Timeline
CBTCABOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 28,532 shares; 2025Q3: 29,422 shares 29,422$2.24M1.02%+890Timeline
CASSCASS INFORMATION SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 112,815 shares; 2024Q4: 107,610 shares; 2025Q1: 100,959 shares; 2025Q2: 90,106 shares; 2025Q3: 51,759 shares 51,759$2.04M0.93%-38,347Timeline
DOXAMDOCS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,194 shares; 2024Q4: 24,404 shares; 2025Q1: 24,734 shares; 2025Q2: 24,734 shares; 2025Q3: 23,493 shares 23,493$1.93M0.88%-1,241Timeline
ATNIATN INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 126,727 shares 126,727$1.9M0.87%newTimeline
CRMTAMERICAS CAR-MART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,531 shares; 2024Q4: 49,353 shares; 2025Q1: 50,067 shares; 2025Q2: 50,067 shares; 2025Q3: 50,949 shares 50,949$1.49M0.68%+882Timeline
RHLDRESOLUTE HLDGS MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,946 shares; 2025Q2: 16,102 shares; 2025Q3: 16,415 shares 16,415$1.17M0.54%+313Timeline
BIOXBIOCERES CROP SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 349,700 shares; 2024Q4: 431,887 shares; 2025Q1: 438,406 shares; 2025Q2: 438,406 shares; 2025Q3: 745,030 shares 745,030$1.05M0.48%+306,624Timeline
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,889 shares; 2024Q4: 2,889 shares; 2025Q1: 2,889 shares; 2025Q2: 2,889 shares; 2025Q3: 6,338 shares 6,338$1.04M0.47%+3,449Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
LIILENNOX INTL INC3,863$2.21Mshares
IMXIINTERNATIONAL MONEY EXPRESS211,366$2.13Mshares
IGICINTL GNRL INSURANCE HLDNGS L72,897$1.75Mshares

How Q3 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 0001998389-25-000008 base2025-11-04acceptance time not in the bulk data set