SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Ballast, Inc.

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

Reported Value
$237M
Q3 2021
Positions
95
Filings on Record
31
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Ballast, Inc. reported $237M in U.S.-listed holdings across 95 positions for Q3 2021.

Its largest position, Vanguard Mid Cap, represents 11.4% of the portfolio.

Compared with Q2 2021, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+1.3%
vs prior filed quarter
Top-10 Concentration
+61.2%
share of reported value
Largest Position
+11.4%
Vanguard Mid Cap
New / Exited
3 / 1
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: 72.5%Common Stock: 26.6%Other: 0.8%
  • ETP · 72.5% · $172M
  • Common Stock · 26.6% · $63M
  • Other · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSLATESLA MOTORS INCNEW+280280+$217,000$217,000
EWEDWARDS LIFESCIENCES CORP COMNEW+1.9K1.9K+$217,000$217,000
SPDR PORTFOLIO S&P 600 SMALL CAP ETFNEW+4.8K4.8K+$205,000$205,000
CATCATERPILLAR INC COMSOLD OUT−1.3K0−$272,000$0
EDCONSOLIDATED EDISON INC COMADDED+1.3K12.4K+$104,000$902,000
BACBK OF AMERICA CORP COMADDED+2.3K23.7K+$124,000$1M
PFEPFIZER INC COMADDED+1.9K21.9K+$159,000$942,000
DISDISNEY WALT CO COMADDED+5898.2K+$49,000$1M

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

Holdings — Q3 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD MID CAPMID CAP ETF11.37%$27M113.9K
2INVESCO S&P 500 QUALITY ETFS&P500 QUALITY8.04%$19M392.8K
3VANGUARD HIGH DIVIDEND YIELDHIGH DIV YLD7.44%$18M170.8K
4VANGUARD SMALL CAP ETFSMALL CP ETF7.37%$17M80.0K
5VANGUARD FTSE ALL-WORLD EX-USALLWRLD EX US5.76%$14M224.1K
6ISHARES RUSSELL 1000 GROWTH ETFRUS 1000 GRW ETF5.13%$12M44.5K
7VANGUARD FTSE EMERGING MARKETS ETFFTSE EMR MKT ETF4.50%$11M213.5K
8POWERSHARES SP500 LOW VOLATILITY ETFS&P500 LOW VOL4.36%$10M170.2K
9VANGUARD INFORMATION TECHNOLOGYINF TECH ETF3.64%$9M21.5K
10AAPLAPPLE INChistory →COM3.58%$8M60.1K
11ISHARES MBS ETFMBS ETF3.47%$8M76.1K
12VANGUARD HEALTH CARE ETFHEALTH CAR ETF3.38%$8M32.4K
13ISHARES RUSSELL 1000 VALUE ETFRUS 1000 VAL ETF2.60%$6M39.4K
14UNHUNITEDHEALTH GROUPhistory →COM2.24%$5M13.6K
15ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF0-5YR HI YL CP1.63%$4M84.5K
16MSFTMICROSOFThistory →COM1.25%$3M10.5K
17JNJJOHNSON & JOHNSON COMhistory →COM1.07%$3M15.7K
18ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETFIBOXX INV CP ETF0.73%$2M13.0K
19PGPROCTER AND GAMBLE CO COMCOM0.73%$2M12.4K
20JPMJPMORGAN CHASE & CO COMCOM0.71%$2M10.3K
21ISHARES AGGREGATE BOND ETFCORE US AGGBD ET0.71%$2M14.6K
22GRBKGREEN BRICK PARTNERS INC COMCOM0.64%$2M73.7K
23CSCOCISCO SYS INCCOM0.63%$1M27.3K
24DISDISNEY WALT CO COMCOM0.58%$1M8.2K
25PIMCO ETF TR 0-5 YR HIGH YIELD CORP BD INDEX FD0-5 HIGH YIELD0.57%$1M13.7K
26AMZNAMAZON COM INC COMCOM0.56%$1M404
27LLYLILLY ELI & CO COMCOM0.54%$1M5.6K
28SHWSHERWIN WILLIAMS CO COMCOM0.54%$1M4.6K
29TFCTRUIST FINL CORP COMCOM0.53%$1M21.4K
30HDHOME DEPOTCOM0.51%$1M3.7K
31COSTCOSTCO WHOLESALE CORPCOM0.49%$1M2.6K
32DUKDUKE ENERGY CORP NEW COM NEWCOM NEW0.48%$1M11.8K
33TXNTEXAS INSTRS INC COMCOM0.47%$1M5.7K
34DYHTARGET CORP COMCOM0.43%$1M4.5K
35INTCINTEL CORP COMCOM0.43%$1M19.2K
36WMTWALMART INC COMCOM0.42%$1M7.2K
37BACBK OF AMERICA CORP COMCOM0.42%$1M23.7K
38PNCPNC FINL SVCS GROUP INC COMCOM0.40%$952,0004.9K
39PFEPFIZER INC COMCOM0.40%$942,00021.9K
40TRVTRAVELERS COMPANIES INC COMCOM0.39%$921,0006.1K
41SBUXSTARBUCKS CORPCOM0.39%$921,0008.4K
42KMBKIMBERLY-CLARK CORP COMCOM0.38%$905,0006.8K
43EDCONSOLIDATED EDISON INC COMCOM0.38%$902,00012.4K
44DHRDANAHER CORPCOM0.36%$859,0002.8K
45CB1ACONSTELLATION BRANDS INC CL ACL A0.36%$854,0004.1K
46BACVERIZON COMMUNICATIONSCOM0.34%$813,00015.1K
47MEDTRONIC PLC SHSSHS0.32%$762,0006.1K
48DALDELTA AIR LINES INC DEL CMNCOM NEW0.32%$762,00017.9K
49TAT&T INC COMCOM0.31%$745,00027.6K
50NTRSNORTHERN TR CORP COMCOM0.30%$713,0006.6K

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 ↗.