Ballast Asset Management, LP

Q3 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
9/30/2025
Date filed
11/4/2025
Form type
13F-HR
Num holdings
54
Total value ($000)
$219,139
Net value change ($000)
+26,771 (13.9%)
New positions
3
Sold out positions
3
Turnover %
7.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CRTO 4,245 NEW
MLI 3,057 NEW
CLMB 2,141 24.8%
GPGI 2,036 50.0%
ATNI 1,897 NEW
MBIN 1,856 73.4%
TEX 1,849 72.5%
CVCO 1,826 34.6%
QDEL 1,631 224.7%
GBTG 1,581 63.1%
Top Reduces (Value $000, Stocks/ETFs)
LII -2,214 -100.0%
IMXI -2,133 -100.0%
CASS -1,879 -48.0%
IGIC -1,751 -100.0%
CRMT -1,318 -47.0%
SEI -1,083 -13.0%
TPB -1,022 -13.3%
BIOX -909 -46.4%
AGM -899 -12.9%
GEO -499 -11.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type