Q1 2025 · 13F-HR
Ballast Asset Management, LPholdings as filed
Filed 2025-05-13 · accession 0001998389-25-000003
$189.7M
Reported value
54
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 946760105 | CLMB | CLIMB GLOBAL SOLUTIONS INC USD 0.01 | $8.9M | 4.71% | 80,618 | Common | SOLE |
| 63900P608 | NRP | Natural Resource Partners L.P. | $8.5M | 4.47% | 81,588 | Common | SOLE |
| 149568107 | CVCO | CAVCO INDS INC DEL USD 0.01 | $8.3M | 4.36% | 15,911 | Common | SOLE |
| G4809J106 | IGIC | INTERNATIONAL GENERAL IN USD 0.0001 | $7.6M | 3.99% | 288,056 | Common | SOLE |
| 313148306 | AGM | FEDERAL AGRIC MTG CORP USD 1.0 | $6.7M | 3.56% | 35,981 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRASTRUCTURE, INC | $6.4M | 3.38% | 295,118 | Common | SOLE |
| 90041L105 | TPB | TURNING PT BRANDS INC USD 0.01 | $6.0M | 3.18% | 101,629 | Common | SOLE |
| 552848103 | MTG | MGIC INVT CORP WIS USD 1.0 | $5.7M | 3.02% | 231,174 | Common | SOLE |
| 002474104 | AZZ | AZZ INC USD 1.0 | $5.6M | 2.96% | 67,173 | Common | SOLE |
| 139737100 | CBNK | CAPITAL BANCORP INC MD USD 0.01 | $5.5M | 2.89% | 193,321 | Common | SOLE |
| 077347300 | BELFB | BEL FUSE INC USD 0.1 | $5.2M | 2.74% | 69,366 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW USD 0.01 | $5.1M | 2.70% | 175,602 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATLS INC USD 0.01 | $4.8M | 2.52% | 21,537 | Common | SOLE |
| 14808P109 | CASS | CASS INFORMATION SYS INC USD 0.5 | $4.4M | 2.30% | 100,959 | Common | SOLE |
| 109696104 | BCO | BRINKS CO USD 1.0 | $4.4M | 2.29% | 50,502 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC USD 0.01 | $4.3M | 2.27% | 26,322 | Common | SOLE |
| 703343103 | PATK | PATRICK INDS INC NPV | $4.2M | 2.20% | 49,342 | Common | SOLE |
| 26884U109 | EPR | EPR PROPER SBI USD0.01 | $3.9M | 2.06% | 74,368 | Common | SOLE |
| 218937100 | CNR | CORE NAT RES INC USD 0.01 | $3.8M | 2.02% | 49,711 | Common | SOLE |
| 887399103 | MTUS | METALLUS INC NPV | $3.8M | 2.01% | 284,962 | Common | SOLE |
| G3922B107 | G | GENPACT LTD USD 0.01 | $3.8M | 2.00% | 75,384 | Common | SOLE |
| 515098101 | LSTR | LANDSTAR SYS INC USD 0.01 | $3.7M | 1.93% | 24,439 | Common | SOLE |
| 431636109 | HLMN | HILLMAN SOLUTIONS CORP USD 0.0001 | $3.4M | 1.78% | 383,198 | Common | SOLE |
| 071705107 | BLCO | BAUSCH PLUS LOMB CORP | $3.1M | 1.66% | 217,131 | Common | SOLE |
| 20459V105 | GPGI | COMPOSECURE INC USD 0.0001 | $3.1M | 1.64% | 286,594 | Common | SOLE |
| 27923Q109 | ECVT | ECOVYST INC USD 0.01 | $3.0M | 1.59% | 485,587 | Common | SOLE |
| G33856108 | GSM | FERROGLOBE PLC USD 7.5 | $3.0M | 1.58% | 807,411 | Common | SOLE |
| 37890B100 | GBTG | GLOBAL BUSINESS TRAVEL USD 0.00005 | $2.9M | 1.52% | 397,922 | Common | SOLE |
| 294375209 | EPSN | EPSILON ENERGY LTD NPV | $2.8M | 1.50% | 402,901 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC USD 0.01 | $2.7M | 1.43% | 94,795 | Common | SOLE |
| 20848V105 | CCSI | CONSENSUS CLOUD SOLUTIONS USD 0.01 | $2.7M | 1.42% | 116,744 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MONEY EXPR USD 0.0001 | $2.7M | 1.41% | 211,366 | Common | SOLE |
| 49926D109 | KN | KNOWLES CORP USD 0.01 | $2.6M | 1.35% | 169,103 | Common | SOLE |
| 896945201 | TRIP | TRIPADVISOR INC USD 0.001 | $2.6M | 1.35% | 180,672 | Common | SOLE |
| 03062T105 | CRMT | AMERICAS CAR-MART INC USD 0.01 | $2.3M | 1.20% | 50,067 | Common | SOLE |
| G02602103 | DOX | AMDOCS LTD 0.01P | $2.3M | 1.19% | 24,734 | Common | SOLE |
| 500688106 | KOS | KOSMOS ENERGY LTD USD 0.01 | $2.3M | 1.19% | 988,184 | Common | SOLE |
| 82983N108 | SB9 | SITIO ROYALTIES CORP NEW USD 0.0001 | $2.2M | 1.16% | 110,973 | Common | SOLE |
| 44980X109 | IPGP | IPG PHOTONICS CORP USD 0.0001 | $2.2M | 1.16% | 34,744 | Common | SOLE |
| 526107107 | LII | LENNOX INTL INC USD 0.01 | $2.2M | 1.14% | 3,863 | Common | SOLE |
| 887389104 | TKR | TIMKEN CO NPV | $2.2M | 1.13% | 29,953 | Common | SOLE |
| 46266A109 | IRMD | IRADIMED CORP USD 0.0001 | $2.1M | 1.13% | 40,914 | Common | SOLE |
| 749360400 | RCMT | RCM TECHNOLOGIES INC USD 0.05 | $2.1M | 1.13% | 137,165 | Common | SOLE |
| 457030104 | IMKTA | INGLES MKTS INC USD 0.05 | $2.0M | 1.08% | 31,363 | Common | SOLE |
| G1117K114 | BIOX | BIOCERES CROP SOLUTIONS USD 0.0001 | $2.0M | 1.05% | 438,406 | Common | SOLE |
| 30226D106 | EXTR | EXTREME NETWORKS INC USD 0.001 | $1.8M | 0.97% | 139,702 | Common | SOLE |
| 71880K101 | PHIN | PHINIA INC USD 0.01 | $1.8M | 0.93% | 41,410 | Common | SOLE |
| 880779103 | TEX | TEREX CORP NEW USD 0.01 | $1.7M | 0.90% | 45,450 | Common | SOLE |
| 665809109 | NTIC | NORTHERN TECHNOLOGIES INTL USD 0.02 | $1.5M | 0.78% | 141,920 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC USD 0.01 | $1.2M | 0.65% | 6,102 | Common | SOLE |
| 393222104 | GPRE | GREEN PLAINS INC USD 0.001 | $952,070 | 0.50% | 196,303 | Common | SOLE |
| 219798105 | QDEL | QUIDELORTHO CORP USD 0.001 | $880,894 | 0.46% | 25,190 | Common | SOLE |
| 76134H101 | RHLD | RESOLUTE HLDGS MGMT INC USD 0.0001 | $499,748 | 0.26% | 15,946 | Common | SOLE |
| 020764106 | AMR | ALPHA METALLURGICAL RES IN USD 0.01 | $361,847 | 0.19% | 2,889 | Common | SOLE |
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.