Ballast, Inc.
Long book
$432.4M
Q1 2026
Positions
133
Top-10 weight
54%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsBallast, Inc. is a wealth-management firm allocating client money, running a $432.4M US long book across 133 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD SMALL-CAP ETF, VANGUARD MID-CAP ETF, INVESCO S&P 500 QUALITY ETF, VANGUARD HIGH DVD YIELD ETF, INVESCO S&P 500 EQUAL WEIGHT.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.5%
Q2 2024
+7.9%
Q3 2024
-1.5%
Q4 2024
-1.0%
Q1 2025
+4.7%
Q2 2025
+6.4%
Q3 2025
+2.8%
Q4 2025
+0.1%
Q1 2026
+13.7%
Sector allocation
Technology 28%
Financials 18%
Industrials 15%
Consumer discretionary 10%
Healthcare 10%
Energy 5%
Other 4%
Utilities 3%
Long book by quarter
What does Ballast, Inc. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 50.9K | $12.9M | 3.0% | -0.8% |
| MSFT MICROSOFT CORP | Technology | 17.1K | $6.3M | 1.5% | +5.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 23.1K | $5.7M | 1.3% | +1.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 10.9K | $5.2M | 1.2% | -1.6% |
| GRBK GREEN BRICK PARTNERS INC | Industrials | 73.5K | $4.7M | 1.1% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 15.7K | $4.2M | 1.0% | -1.6% |
| JPM JPMORGAN CHASE & CO | Financials | 14.1K | $4.1M | 1.0% | +2.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 18.5K | $3.9M | 0.9% | +4.3% |
| GOOG ALPHABET INC-CL C | Technology | 13.2K | $3.8M | 0.9% | +3.4% |
| LLY ELI LILLY & CO | Healthcare | 4.0K | $3.7M | 0.8% | -0.1% |
| MU MICRON TECHNOLOGY INC | Technology | 9.8K | $3.3M | 0.8% | -2.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.0K | $3.0M | 0.7% | +0.7% |
| WMT WALMART INC | Consumer discretionary | 23.6K | $2.9M | 0.7% | -2.0% |
| GOOGL ALPHABET INC-CL A | Technology | 9.9K | $2.9M | 0.7% | +2.9% |
| XOM EXXON MOBIL CORP | Energy | 16.5K | $2.8M | 0.6% | -15.9% |
| CAT CATERPILLAR INC | Industrials | 3.8K | $2.7M | 0.6% | +33.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 17.0K | $2.5M | 0.6% | +4.4% |
| RTX RTX CORP | Industrials | 11.0K | $2.1M | 0.5% | +0.3% |
| DE DEERE & CO | Industrials | 3.7K | $2.1M | 0.5% | +3.4% |
| DUK DUKE ENERGY CORP | Utilities | 15.9K | $2.1M | 0.5% | +1.0% |
| TGT TARGET CORP | Consumer discretionary | 16.5K | $2.0M | 0.5% | +0.3% |
| CSCO CISCO SYSTEMS INC | Technology | 25.1K | $1.9M | 0.5% | +0.8% |
| TRV TRAVELERS COS INC/THE | Financials | 6.6K | $1.9M | 0.4% | +0.9% |
| ED CONSOLIDATED EDISON INC | Utilities | 16.6K | $1.9M | 0.4% | +1.6% |
| HD HOME DEPOT INC | Consumer discretionary | 5.7K | $1.9M | 0.4% | +1.5% |
| TFC TRUIST FINANCIAL CORP | Financials | 39.6K | $1.8M | 0.4% | -0.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 8.8K | $1.8M | 0.4% | +12.4% |
| HAL HALLIBURTON CO | Energy | 44.5K | $1.7M | 0.4% | -0.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 7.5K | $1.7M | 0.4% | +0.8% |
| TXN TEXAS INSTRUMENTS INC | Technology | 8.6K | $1.7M | 0.4% | +0.4% |
| NTRS NORTHERN TRUST CORP | Financials | 11.8K | $1.6M | 0.4% | +1.0% |
| CB CHUBB LTD | Financials | 4.8K | $1.6M | 0.4% | +0.9% |
| BA BOEING CO/THE | Industrials | 7.6K | $1.5M | 0.3% | +2.7% |
| GLW CORNING INC | Industrials | 10.9K | $1.5M | 0.3% | Held |
| VLO VALERO ENERGY CORP | Energy | 5.8K | $1.4M | 0.3% | +0.8% |
| DIS WALT DISNEY CO/THE | Services media | 14.8K | $1.4M | 0.3% | +2.2% |
| V VISA INC-CLASS A SHARES | Services media | 4.6K | $1.4M | 0.3% | -0.5% |
| NVDA NVIDIA CORP | Technology | 8.0K | $1.4M | 0.3% | -0.7% |
| PEP PEPSICO INC | Consumer staples | 8.8K | $1.4M | 0.3% | +1.2% |
| NKE NIKE INC -CL B | Other | 25.7K | $1.4M | 0.3% | +3.1% |
| UNP UNION PACIFIC CORP | Industrials | 5.5K | $1.3M | 0.3% | +3.7% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 22.4K | $1.3M | 0.3% | +2.6% |
| TMUS T-MOBILE US INC | Communications | 6.1K | $1.3M | 0.3% | +2.1% |
| DD DUPONT DE NEMOURS INC | Materials | 28.0K | $1.3M | 0.3% | +2.2% |
| PFE PFIZER INC | Healthcare | 43.3K | $1.2M | 0.3% | +1.7% |
| CRM SALESFORCE INC | Technology | 6.3K | $1.2M | 0.3% | +1.5% |
| KMB KIMBERLY-CLARK CORP | Other | 11.9K | $1.1M | 0.3% | +2.3% |
| MDT MEDTRONIC PLC | Healthcare | 12.9K | $1.1M | 0.3% | +1.2% |
| KO COCA-COLA CO/THE | Consumer staples | 11.8K | $900K | 0.2% | -2.3% |
| AXP AMERICAN EXPRESS CO | Financials | 2.8K | $840K | 0.2% | -2.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 133 | $432.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 133 | $427.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 134 | $412.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Nov 7, 2025 | 128 | $381.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 151 | $244.4M | SEC ↗ | |
| Q1 2025 | 13F-HR | May 12, 2025 | 125 | $353.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 119 | $349.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 125 | $352.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 120 | $324.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 120 | $316.5M | canonical | SEC ↗ |