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Ballast Asset Management, LP

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13F filer, CIK 1998389, DALLAS, TX

Ballast Asset Management, LP reported $211,701,447 across 52 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-09. Its ten largest share positions make up 30.97% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001998389-26-000001

Period
2025-12-31
Reported value
$212M
Holdings
52
Top 10 weight
30.97%
New
1
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ASIXnew+106,734$1.85M
GEOadded+76,927$1.24M
EPSNadded+239,595$1.11M
QDELadded+18,756$536K
KOSadded+269,714$245K

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-68,748-$3.16M
DOXexited-23,493-$1.93M
BELFBreduced-9,072-$1.54M
CRMTexited-50,949-$1.49M
BIOXexited-745,030-$1.05M

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, Q4 2025

Share positions as resolved from 13F-HR 0001998389-26-000001, largest first. % of portfolio is the value over $211,701,447, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,959 shares; 2024Q4: 79,358 shares; 2025Q1: 80,618 shares; 2025Q2: 80,618 shares; 2025Q3: 79,797 shares; 2025Q4: 76,857 shares 76,857$7.9M3.73%-2,940Timeline
NRPNATURAL RESOURCE PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,200 shares; 2024Q4: 80,019 shares; 2025Q1: 81,588 shares; 2025Q2: 81,588 shares; 2025Q3: 75,868 shares; 2025Q4: 72,207 shares 72,207$7.54M3.56%-3,661Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,734 shares; 2024Q4: 68,334 shares; 2025Q1: 69,366 shares; 2025Q2: 69,366 shares; 2025Q3: 51,080 shares; 2025Q4: 42,008 shares 42,008$7.13M3.37%-9,072Timeline
TPBTURNING PT BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,609 shares; 2024Q4: 100,141 shares; 2025Q1: 101,629 shares; 2025Q2: 101,629 shares; 2025Q3: 67,552 shares; 2025Q4: 65,242 shares 65,242$7.07M3.34%-2,310Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,223 shares; 2024Q4: 15,677 shares; 2025Q1: 15,911 shares; 2025Q2: 12,158 shares; 2025Q3: 12,239 shares; 2025Q4: 11,812 shares 11,812$6.98M3.3%-427Timeline
AGMFEDERAL AGRIC MTG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,713 shares; 2024Q4: 35,432 shares; 2025Q1: 35,981 shares; 2025Q2: 35,981 shares; 2025Q3: 36,258 shares; 2025Q4: 34,977 shares 34,977$6.14M2.9%-1,281Timeline
AZZAZZ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,660 shares; 2024Q4: 66,180 shares; 2025Q1: 67,173 shares; 2025Q2: 56,078 shares; 2025Q3: 56,596 shares; 2025Q4: 54,692 shares 54,692$5.86M2.77%-1,904Timeline
BCOBRINKS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,238 shares; 2024Q4: 39,360 shares; 2025Q1: 50,502 shares; 2025Q2: 50,506 shares; 2025Q3: 51,249 shares; 2025Q4: 49,506 shares 49,506$5.78M2.73%-1,743Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 26,322 shares; 2025Q2: 26,322 shares; 2025Q3: 26,617 shares; 2025Q4: 25,707 shares 25,707$5.71M2.7%-910Timeline
GPGIGPGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,474 shares; 2024Q4: 189,500 shares; 2025Q1: 286,594 shares; 2025Q2: 288,948 shares; 2025Q3: 293,311 shares; 2025Q4: 283,203 shares 283,203$5.46M2.58%-10,108Timeline
PATKPATRICK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,539 shares; 2024Q4: 48,613 shares; 2025Q1: 49,342 shares; 2025Q2: 49,342 shares; 2025Q3: 50,245 shares; 2025Q4: 48,544 shares 48,544$5.26M2.49%-1,701Timeline
ECVTECOVYST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 489,907 shares; 2024Q4: 478,360 shares; 2025Q1: 485,587 shares; 2025Q2: 555,373 shares; 2025Q3: 560,137 shares; 2025Q4: 540,845 shares 540,845$5.26M2.49%-19,292Timeline
CBNKCAPITAL BANCORP INC MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,293 shares; 2024Q4: 190,345 shares; 2025Q1: 193,321 shares; 2025Q2: 193,321 shares; 2025Q3: 191,796 shares; 2025Q4: 184,880 shares 184,880$5.21M2.46%-6,916Timeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 499,512 shares; 2024Q4: 290,744 shares; 2025Q1: 295,118 shares; 2025Q2: 295,118 shares; 2025Q3: 181,774 shares; 2025Q4: 113,026 shares 113,026$5.2M2.45%-68,748Timeline
COLLCOLLEGIUM PHARMACEUTICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 87,206 shares; 2025Q3: 114,315 shares; 2025Q4: 110,443 shares 110,443$5.11M2.42%-3,872Timeline
LSTRLANDSTAR SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,909 shares; 2024Q4: 24,082 shares; 2025Q1: 24,439 shares; 2025Q2: 26,965 shares; 2025Q3: 34,579 shares; 2025Q4: 33,424 shares 33,424$4.8M2.27%-1,155Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 140,015 shares; 2025Q1: 284,962 shares; 2025Q2: 285,302 shares; 2025Q3: 289,317 shares; 2025Q4: 279,412 shares 279,412$4.79M2.26%-9,905Timeline
MBINMERCHANTS BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 76,469 shares; 2025Q3: 137,887 shares; 2025Q4: 133,296 shares 133,296$4.54M2.14%-4,591Timeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,941 shares; 2024Q4: 21,234 shares; 2025Q1: 21,537 shares; 2025Q2: 21,537 shares; 2025Q3: 22,180 shares; 2025Q4: 21,473 shares 21,473$4.44M2.1%-707Timeline
TEXTEREX CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 44,775 shares; 2025Q1: 45,450 shares; 2025Q2: 54,650 shares; 2025Q3: 85,795 shares; 2025Q4: 83,054 shares 83,054$4.43M2.09%-2,741Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 49,711 shares; 2025Q2: 49,711 shares; 2025Q3: 51,403 shares; 2025Q4: 49,695 shares 49,695$4.4M2.08%-1,708Timeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 276,606 shares; 2024Q4: 227,745 shares; 2025Q1: 231,174 shares; 2025Q2: 147,553 shares; 2025Q3: 150,918 shares; 2025Q4: 145,808 shares 145,808$4.26M2.01%-5,110Timeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,366 shares; 2024Q4: 172,938 shares; 2025Q1: 175,602 shares; 2025Q2: 175,602 shares; 2025Q3: 180,931 shares; 2025Q4: 257,858 shares 257,858$4.16M1.96%+76,927Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 589,053 shares; 2024Q4: 739,945 shares; 2025Q1: 807,411 shares; 2025Q2: 848,087 shares; 2025Q3: 878,576 shares; 2025Q4: 849,162 shares 849,162$3.94M1.86%-29,414Timeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 405,298 shares; 2024Q4: 392,366 shares; 2025Q1: 397,922 shares; 2025Q2: 397,922 shares; 2025Q3: 505,999 shares; 2025Q4: 489,519 shares 489,519$3.74M1.77%-16,480Timeline
CRTOCRITEO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 187,850 shares; 2025Q4: 181,678 shares 181,678$3.74M1.77%-6,172Timeline
EPSNEPSILON ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 402,541 shares; 2024Q4: 396,829 shares; 2025Q1: 402,901 shares; 2025Q2: 402,901 shares; 2025Q3: 554,727 shares; 2025Q4: 794,322 shares 794,322$3.69M1.74%+239,595Timeline
EPREPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,810 shares; 2024Q4: 73,282 shares; 2025Q1: 74,368 shares; 2025Q2: 74,368 shares; 2025Q3: 76,343 shares; 2025Q4: 73,802 shares 73,802$3.68M1.74%-2,541Timeline
BLCOBAUSCH PLUS LOMB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 221,323 shares; 2024Q4: 213,987 shares; 2025Q1: 217,131 shares; 2025Q2: 217,131 shares; 2025Q3: 221,662 shares; 2025Q4: 214,326 shares 214,326$3.66M1.73%-7,336Timeline
HLMNHILLMAN SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 377,510 shares; 2025Q1: 383,198 shares; 2025Q2: 424,790 shares; 2025Q3: 434,191 shares; 2025Q4: 419,645 shares 419,645$3.63M1.72%-14,546Timeline
KNKNOWLES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 172,005 shares; 2024Q4: 166,916 shares; 2025Q1: 169,103 shares; 2025Q2: 169,103 shares; 2025Q3: 172,447 shares; 2025Q4: 167,337 shares 167,337$3.59M1.69%-5,110Timeline
GGENPACT LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,418 shares; 2024Q4: 74,256 shares; 2025Q1: 75,384 shares; 2025Q2: 75,384 shares; 2025Q3: 78,312 shares; 2025Q4: 75,680 shares 75,680$3.54M1.67%-2,632Timeline
IRMDIRADIMED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,708 shares; 2024Q4: 40,320 shares; 2025Q1: 40,914 shares; 2025Q2: 40,914 shares; 2025Q3: 37,455 shares; 2025Q4: 36,237 shares 36,237$3.53M1.67%-1,218Timeline
MLIMUELLER INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 30,239 shares; 2025Q4: 29,210 shares 29,210$3.35M1.58%-1,029Timeline
RHLDRESOLUTE HLDGS MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,946 shares; 2025Q2: 16,102 shares; 2025Q3: 16,415 shares; 2025Q4: 15,869 shares 15,869$3.25M1.54%-546Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,800 shares; 2025Q3: 69,364 shares; 2025Q4: 67,082 shares 67,082$3.16M1.49%-2,282Timeline
OZKBANK OZK LITTLE ROCK ARKQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 51,620 shares; 2025Q3: 68,830 shares; 2025Q4: 66,605 shares 66,605$3.07M1.45%-2,225Timeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,860 shares; 2025Q3: 35,453 shares; 2025Q4: 34,242 shares 34,242$3.04M1.43%-1,211Timeline
QDELQUIDELORTHO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,432 shares; 2024Q4: 24,815 shares; 2025Q1: 25,190 shares; 2025Q2: 25,190 shares; 2025Q3: 80,019 shares; 2025Q4: 98,775 shares 98,775$2.82M1.33%+18,756Timeline
ATNIATN INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 126,727 shares; 2025Q4: 122,408 shares 122,408$2.79M1.32%-4,319Timeline
RCMTRCM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,439 shares; 2024Q4: 135,146 shares; 2025Q1: 137,165 shares; 2025Q2: 138,511 shares; 2025Q3: 139,859 shares; 2025Q4: 135,085 shares 135,085$2.76M1.3%-4,774Timeline
TRIPTRIPADVISOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 184,186 shares; 2024Q4: 178,023 shares; 2025Q1: 180,672 shares; 2025Q2: 180,672 shares; 2025Q3: 185,181 shares; 2025Q4: 178,993 shares 178,993$2.61M1.23%-6,188Timeline
PHINPHINIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,269 shares; 2024Q4: 135,481 shares; 2025Q1: 41,410 shares; 2025Q2: 41,410 shares; 2025Q3: 42,557 shares; 2025Q4: 41,122 shares 41,122$2.58M1.22%-1,435Timeline
CCSICONSENSUS CLOUD SOLUTIONS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,464 shares; 2025Q1: 116,744 shares; 2025Q2: 117,935 shares; 2025Q3: 120,457 shares; 2025Q4: 116,355 shares 116,355$2.54M1.2%-4,102Timeline
IPGPIPG PHOTONICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,716 shares; 2024Q4: 34,261 shares; 2025Q1: 34,744 shares; 2025Q2: 34,744 shares; 2025Q3: 34,941 shares; 2025Q4: 33,814 shares 33,814$2.42M1.14%-1,127Timeline
EXTREXTREME NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,362 shares; 2024Q4: 137,716 shares; 2025Q1: 139,702 shares; 2025Q2: 141,026 shares; 2025Q3: 141,008 shares; 2025Q4: 136,318 shares 136,318$2.27M1.07%-4,690Timeline
IMKTAINGLES MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,904 shares; 2025Q1: 31,363 shares; 2025Q2: 31,669 shares; 2025Q3: 32,268 shares; 2025Q4: 31,183 shares 31,183$2.14M1.01%-1,085Timeline
CASSCASS INFORMATION SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 112,815 shares; 2024Q4: 107,610 shares; 2025Q1: 100,959 shares; 2025Q2: 90,106 shares; 2025Q3: 51,759 shares; 2025Q4: 50,009 shares 50,009$2.08M0.98%-1,750Timeline
CBTCABOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 28,532 shares; 2025Q3: 29,422 shares; 2025Q4: 28,435 shares 28,435$1.88M0.89%-987Timeline
ASIXADVANSIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 106,734 shares 106,734$1.85M0.87%newTimeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,820,744 shares 1,820,744$1.65M0.78%+269,714Timeline
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,889 shares; 2024Q4: 2,889 shares; 2025Q1: 2,889 shares; 2025Q2: 2,889 shares; 2025Q3: 6,338 shares; 2025Q4: 6,338 shares 6,338$1.27M0.6%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
DOXAMDOCS LTD23,493$1.93Mshares
CRMTAMERICAS CAR-MART INC50,949$1.49Mshares
BIOXBIOCERES CROP SOLUTIONS CORP745,030$1.05Mshares

How Q4 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 0001998389-26-000001 base2026-02-09acceptance time not in the bulk data set