Q3 2025 · 13F-HR
Ballast, Inc.holdings as filed
Filed 2025-11-07 · accession 0001172661-25-004628
$412.7M
Reported value
134
Positions
2025-09-30
Period end
The Brief · Ballast, Inc. · Q3 2025
AI · grounded in 13F
Ballast, Inc. established a new position in VB valued at $42.6M. The fund also initiated new holdings in VO for $40.1M and SPHQ for $26.6M. These moves contributed to a total portfolio of 132 positions with $412.7M in assets under management.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908751 | VB | VANGUARD INDEX FDS | $42.6M | 10.3% | 167,436 | Common | NONE |
| 922908629 | VO | VANGUARD INDEX FDS | $40.1M | 9.73% | 136,681 | Common | NONE |
| 46137V241 | SPHQ | INVESCO EXCHANGE TRADED FD T | $26.6M | 6.44% | 362,684 | Common | NONE |
| 69374H881 | COWZ | PACER FDS TR | $19.0M | 4.61% | 330,811 | Common | NONE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $17.8M | 4.31% | 249,328 | Common | NONE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $17.4M | 4.22% | 91,721 | Common | NONE |
| 464287457 | SHY | ISHARES TR | $17.0M | 4.12% | 205,111 | Common | NONE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $16.9M | 4.09% | 119,695 | Common | NONE |
| 46138E354 | SPLV | INVESCO EXCH TRADED FD TR II | $15.1M | 3.65% | 205,011 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $13.6M | 3.29% | 53,261 | Common | NONE |
| 464288687 | PFF | ISHARES TR | $12.6M | 3.04% | 396,927 | Common | NONE |
| 464287614 | IWF | ISHARES TR | $11.7M | 2.83% | 24,960 | Common | NONE |
| 92204A504 | VHT | VANGUARD WORLD FD | $10.1M | 2.45% | 38,885 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $8.4M | 2.03% | 16,176 | Common | NONE |
| 464287598 | IWD | ISHARES TR | $8.0M | 1.93% | 39,175 | Common | NONE |
| 392709101 | GRBK | GREEN BRICK PARTNERS INC | $5.4M | 1.32% | 73,494 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $5.4M | 1.31% | 15,693 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $5.0M | 1.21% | 9,916 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $4.4M | 1.06% | 13,862 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $4.3M | 1.04% | 23,190 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $4.1M | 1.00% | 5,505 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $3.7M | 0.90% | 16,967 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $3.4M | 0.83% | 14,058 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $3.3M | 0.81% | 4,361 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $2.7M | 0.65% | 2,884 | Common | NONE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $2.6M | 0.62% | 47,100 | Common | NONE |
| 931142103 | WMT | WALMART INC | $2.5M | 0.60% | 24,207 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $2.4M | 0.58% | 15,690 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $2.3M | 0.56% | 9,586 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $2.2M | 0.52% | 5,315 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $2.1M | 0.52% | 18,945 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $2.1M | 0.52% | 12,752 | Common | NONE |
| 464287242 | LQD | ISHARES TR | $2.1M | 0.50% | 18,678 | Common | NONE |
| 75513E101 | RTX | RTX CORPORATION | $2.0M | 0.48% | 11,896 | Common | NONE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $2.0M | 0.47% | 15,779 | Common | NONE |
| 464287226 | AGG | ISHARES TR | $1.9M | 0.46% | 18,755 | Common | NONE |
| 89832Q109 | TFC | TRUIST FINL CORP | $1.8M | 0.44% | 39,997 | Common | NONE |
| 89417E109 | TRV | TRAVELERS COMPANIES INC | $1.8M | 0.44% | 6,548 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $1.8M | 0.43% | 25,785 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.7M | 0.41% | 9,008 | Common | NONE |
| 665859104 | NTRS | NORTHERN TR CORP | $1.7M | 0.41% | 12,482 | Common | NONE |
| 654106103 | NKE | NIKE INC | $1.6M | 0.39% | 23,329 | Common | NONE |
| 209115104 | ED | CONSOLIDATED EDISON INC | $1.6M | 0.39% | 15,948 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $1.6M | 0.38% | 13,653 | Common | NONE |
| 244199105 | DE | DEERE & CO | $1.6M | 0.38% | 3,401 | Common | NONE |
| 26614N102 | DD | DUPONT DE NEMOURS INC | $1.5M | 0.37% | 19,394 | Common | NONE |
| 097023105 | BA | BOEING CO | $1.5M | 0.37% | 6,980 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $1.5M | 0.36% | 9,292 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $1.5M | 0.35% | 6,916 | Common | NONE |
| 92826C839 | V | VISA INC | $1.4M | 0.35% | 4,246 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $1.4M | 0.35% | 7,868 | Common | NONE |
| 87612E106 | TGT | TARGET CORP | $1.4M | 0.34% | 15,425 | Common | NONE |
| 79466L302 | CRM | SALESFORCE INC | $1.4M | 0.33% | 5,751 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $1.3M | 0.33% | 2,825 | Common | NONE |
| H1467J104 | CB | CHUBB LIMITED | $1.3M | 0.32% | 4,737 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $1.3M | 0.32% | 4,672 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $1.3M | 0.31% | 1,916 | Common | NONE |
| 907818108 | UNP | UNION PAC CORP | $1.3M | 0.30% | 5,319 | Common | NONE |
| 872590104 | TMUS | T-MOBILE US INC | $1.3M | 0.30% | 5,238 | Common | NONE |
| G5960L103 | MDT | MEDTRONIC PLC | $1.2M | 0.30% | 13,066 | Common | NONE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $1.2M | 0.30% | 9,891 | Common | NONE |
| 464287234 | EEM | ISHARES TR | $1.2M | 0.30% | 23,000 | PUT | NONE |
| 713448108 | PEP | PEPSICO INC | $1.2M | 0.29% | 8,642 | Common | NONE |
| 609207105 | MDLZ | MONDELEZ INTL INC | $1.2M | 0.29% | 18,983 | Common | NONE |
| 406216101 | HAL | HALLIBURTON CO | $1.2M | 0.29% | 47,839 | Common | NONE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $1.1M | 0.26% | 6,372 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $1.0M | 0.25% | 40,884 | Common | NONE |
| 219350105 | GLW | CORNING INC | $895,932 | 0.22% | 10,922 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $873,766 | 0.21% | 13,175 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $837,710 | 0.20% | 1,257 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $725,880 | 0.18% | 3,000 | PUT | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $725,183 | 0.18% | 3,132 | Common | NONE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $723,387 | 0.18% | 2,408 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $681,929 | 0.17% | 2,244 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $667,007 | 0.16% | 3,091 | Common | NONE |
| 464287507 | IJH | ISHARES TR | $642,680 | 0.16% | 9,848 | Common | NONE |
| 863667101 | SYK | STRYKER CORPORATION | $606,998 | 0.15% | 1,642 | Common | NONE |
| 922908652 | VXF | VANGUARD INDEX FDS | $549,518 | 0.13% | 2,625 | Common | NONE |
| 983793100 | XPO | XPO INC | $539,444 | 0.13% | 4,173 | Common | NONE |
| 922908744 | VTV | VANGUARD INDEX FDS | $537,278 | 0.13% | 2,881 | Common | NONE |
| 369550108 | GD | GENERAL DYNAMICS CORP | $537,075 | 0.13% | 1,575 | Common | NONE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $502,497 | 0.12% | 631 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $468,699 | 0.11% | 824 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $466,331 | 0.11% | 635 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $460,334 | 0.11% | 1,295 | Common | NONE |
| 001055102 | AFL | AFLAC INC | $456,518 | 0.11% | 4,087 | Common | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $441,714 | 0.11% | 8,562 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $427,822 | 0.10% | 1,288 | Common | NONE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $427,133 | 0.10% | 701 | Common | NONE |
| 172062101 | CINF | CINCINNATI FINL CORP | $419,756 | 0.10% | 2,655 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $417,686 | 0.10% | 5,533 | Common | NONE |
| 88160R101 | TSLA | TESLA INC | $403,361 | 0.10% | 907 | Common | NONE |
| 464287804 | IJR | ISHARES TR | $401,170 | 0.10% | 3,376 | Common | NONE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $393,530 | 0.10% | 14,415 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $389,954 | 0.09% | 1,182 | Common | NONE |
| 78464A409 | SPYG | SPDR SERIES TRUST | $389,301 | 0.09% | 3,725 | Common | NONE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $382,593 | 0.09% | 4,185 | Common | NONE |
| 78464A508 | SPYV | SPDR SERIES TRUST | $371,047 | 0.09% | 6,706 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $361,663 | 0.09% | 2,757 | Common | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $361,374 | 0.09% | 1,981 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $360,700 | 0.09% | 2,693 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $360,007 | 0.09% | 4,295 | Common | NONE |
| 09260D107 | BX | BLACKSTONE INC | $359,468 | 0.09% | 2,104 | Common | NONE |
| 48251W104 | KKR | KKR & CO INC | $357,622 | 0.09% | 2,752 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $354,424 | 0.09% | 1,080 | Common | NONE |
| 464287473 | IWS | ISHARES TR | $347,359 | 0.08% | 2,487 | Common | NONE |
| 20825C104 | COP | CONOCOPHILLIPS | $331,822 | 0.08% | 3,508 | Common | NONE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $326,273 | 0.08% | 1,712 | Common | NONE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $306,510 | 0.07% | 4,570 | Common | NONE |
| 902973304 | USB | US BANCORP DEL | $303,609 | 0.07% | 6,282 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $289,391 | 0.07% | 3,448 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $288,839 | 0.07% | 1,860 | Common | NONE |
| 570535104 | MKL | MARKEL GROUP INC | $273,324 | 0.07% | 143 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $265,773 | 0.06% | 434 | Common | NONE |
| 921910816 | MGK | VANGUARD WORLD FD | $259,964 | 0.06% | 646 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $248,778 | 0.06% | 827 | Common | NONE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $247,882 | 0.06% | 1,230 | Common | NONE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $245,102 | 0.06% | 4,083 | Common | NONE |
| 25746U109 | D | DOMINION ENERGY INC | $240,887 | 0.06% | 3,938 | Common | NONE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $237,197 | 0.06% | 5,543 | Common | NONE |
| 00206R102 | T | AT&T INC | $236,962 | 0.06% | 8,391 | Common | NONE |
| 31428X106 | FDX | FEDEX CORP | $230,386 | 0.06% | 977 | Common | NONE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $229,338 | 0.06% | 930 | Common | NONE |
| 171340102 | CHD | CHURCH & DWIGHT CO INC | $226,699 | 0.05% | 2,587 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $221,537 | 0.05% | 369 | Common | NONE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $214,839 | 0.05% | 4,062 | Common | NONE |
| 020002101 | ALL | ALLSTATE CORP | $214,650 | 0.05% | 1,000 | Common | NONE |
| 278865100 | ECL | ECOLAB INC | $205,395 | 0.05% | 750 | Common | NONE |
| 172908105 | CTAS | CINTAS CORP | $205,260 | 0.05% | 1,000 | Common | NONE |
| 02209S103 | MO | ALTRIA GROUP INC | $203,267 | 0.05% | 3,077 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $201,400 | 0.05% | 424 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $137,191 | 0.03% | 567 | Common | NONE |
| 464287234 | EEM | ISHARES TR | $70,702 | 0.02% | 1,324 | Common | NONE |
| 75321W103 | PACK | RANPAK HOLDINGS CORP | $56,200 | 0.01% | 10,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.