SEC 13F Intelligence

Managers / Q1 2026

Ballast, Inc.

CIK 0001730477 · 400 EAST VINE STREET, SUITE 400, LEXINGTON, KY, 40507 · 859-226-0625

Reported Value
$432M
Q1 2026
Positions
133
Filings on Record
31
2019–present window
Filed
May 15, 2026
original filing

Summary

Ballast, Inc. reported $432M in U.S.-listed holdings across 133 positions for Q1 2026.

Its largest position, Vanguard Index Fds, represents 10.4% of the portfolio.

Compared with Q4 2025, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+53.8%
share of reported value
Largest Position
+10.4%
Vanguard Index Fds
New / Exited
4 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $130MQ4 ’18Q1 ’19: $153MQ2 ’19: $161MQ3 ’19: $163MQ4 ’19: $181MQ4 ’19Q1 ’20: $141MQ2 ’20: $159MQ3 ’20: $175MQ4 ’20: $196MQ4 ’20Q1 ’21: $208MQ2 ’21: $237MQ3 ’21: $237MQ4 ’21: $257MQ4 ’21Q1 ’22: $259MQ2 ’22: $214MQ3 ’22: $205MQ4 ’22: $229MQ4 ’22Q1 ’23: $244MQ2 ’23: $261MQ3 ’23: $251MQ4 ’23: $290MQ4 ’23Q1 ’24: $316MQ2 ’24: $325MQ3 ’24: $353MQ4 ’24: $350MQ4 ’24Q1 ’25: $353MQ2 ’25: $244MQ3 ’25: $413MQ4 ’25: $427MQ4 ’25Q1 ’26: $432Mfilingsflow.com

Portfolio Composition

By security type
ETP: 66.9%Common Stock: 32.4%Other: 0.7%
  • ETP · 66.9% · $289M
  • Common Stock · 32.4% · $140M
  • Other · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLESELECT SECTOR SPDR TRNEW+4.0K4.0K+$245,040$245,040
LMTLOCKHEED MARTIN CORPNEW+381381+$230,273$230,273
LINDE PLCNEW+425425+$210,698$210,698
ISHARES TRNEW+826826+$204,848$204,848
VANGUARD STAR FDSSOLD OUT−9.7K0−$733,579$0
VANGUARD CHARLOTTE FDSSOLD OUT−7.0K0−$335,969$0
ACCENTURE PLC IRELANDSOLD OUT−9300−$249,519$0
DUTMOODYS CORPSOLD OUT−4450−$227,328$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF19.77%$85M312.7K
2ISHARES TR1 3 YR TREAS BD · RUS 1000 VAL ETF · PFD AND INCM SEC · RUS 1000 GRW ETF · IBOXX INV CP ETF · CORE US AGGBD ET14.95%$65M799.2K
3INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 EQL WGT10.85%$47M472.7K
4VANGUARD WHITEHALL FDSHIGH DIV YLD5.12%$22M149.3K
5VANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF4.79%$21M288.6K
6VANGUARD WORLD FDHEALTH CAR ETF · INF TECH ETF3.38%$15M45.5K
7AAPLAPPLE INChistory →COM2.99%$13M50.9K
8INVESCO EXCH TRADED FD TR IIS&P500 LOW VOL2.89%$12M170.9K
9PACER FDS TRUS CASH COWS 1002.88%$12M198.8K
10GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.53%$7M23.1K
11MSFTMICROSOFT CORPhistory →COM1.47%$6M17.1K
12JNJJOHNSON & JOHNSONhistory →COM1.31%$6M23.1K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.20%$5M10.9K
14GRBKGREEN BRICK PARTNERS INChistory →COM1.10%$5M73.5K
15UNHUNITEDHEALTH GROUP INCCOM0.98%$4M15.7K
16JPMJPMORGAN CHASE & COCOM0.96%$4M14.1K
17AMZNAMAZON COM INCCOM0.89%$4M18.5K
18LLYELI LILLY & COCOM0.85%$4M4.0K
19MUMICRON TECHNOLOGY INCCOM0.77%$3M9.8K
20COSTCOSTCO WHOLESALE CORPORATIONCOM0.70%$3M3.0K
21WMTWALMART INCCOM0.68%$3M23.6K
22EXMOCEXXON MOBIL CORPCOM0.65%$3M16.5K
23CATCATERPILLAR INCCOM0.62%$3M3.8K
24PGPROCTER & GAMBLE COCOM0.57%$2M17.0K
25RTXRTX CORPORATIONCOM0.49%$2M11.0K
26DEDEERE & COCOM0.49%$2M3.7K
27DUKDUKE ENERGY CORP NEWCOM NEW0.48%$2M15.9K
28DYHTARGET CORPCOM0.46%$2M16.5K
29CSCOCISCO SYS INCCOM0.45%$2M25.1K
30TRVTRAVELERS COMPANIES INCCOM0.44%$2M6.6K
31EDCONSOLIDATED EDISON INCCOM0.43%$2M16.6K
32HDHOME DEPOT INCCOM0.43%$2M5.7K
33TFCTRUIST FINL CORPCOM0.42%$2M39.6K
34AMDADVANCED MICRO DEVICES INCCOM0.41%$2M8.8K
35HALHALLIBURTON COCOM0.40%$2M44.5K
36HONGBPHONEYWELL INTL INCCOM0.39%$2M7.5K
37TXNTEXAS INSTRS INCCOM0.38%$2M8.6K
38NTRSNORTHERN TR CORPCOM0.38%$2M11.8K
39CHUBB LTD SWITZCOM0.36%$2M4.8K
40BABOEING COCOM0.35%$2M7.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$432M133May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$427M133Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$413M134Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$244M151Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$353M125May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$350M119Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$353M125Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$325M120Jul 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$316M120May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$290M120Jan 18, 202413F-HRchanges · EDGAR ↗
Q3 2023$251M110Oct 18, 202313F-HRchanges · EDGAR ↗
Q2 2023$261M120Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$244M109Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$229M108Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$205M106Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$214M105Jul 14, 202213F-HRchanges · EDGAR ↗
Q1 2022$259M111Apr 18, 202213F-HRchanges · EDGAR ↗
Q4 2021$257M107Jan 18, 202213F-HRchanges · EDGAR ↗
Q3 2021$237M95Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$237M93Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$208M91May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$196M91Jan 21, 202113F-HRchanges · EDGAR ↗
Q3 2020$175M93Oct 14, 202013F-HRchanges · EDGAR ↗
Q2 2020$159M88Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$141M86Apr 17, 202013F-HRchanges · EDGAR ↗
Q4 2019$181M102Jan 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$163M101Oct 22, 201913F-HRchanges · EDGAR ↗
Q2 2019$161M103Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$153M100Apr 30, 201913F-HRchanges · EDGAR ↗
Q4 2018$130M83Feb 1, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.