SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Ballast, Inc.

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

Reported Value
$261M
Q2 2023
Positions
120
Filings on Record
31
2019–present window
Filed
Jul 19, 2023
original filing

Summary

Ballast, Inc. reported $261M in U.S.-listed holdings across 120 positions for Q2 2023.

Its largest position, Vanguard Index Fds, represents 10.8% of the portfolio.

Compared with Q1 2023, the fund opened 12 new positions and exited 2.

Portfolio Metrics

Turnover
+0.7%
vs prior filed quarter
Top-10 Concentration
+55.3%
share of reported value
Largest Position
+10.8%
Vanguard Index Fds
New / Exited
12 / 2
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: 66.1%Common Stock: 32.9%Other: 0.7%ADR: 0.3%
  • ETP · 66.1% · $173M
  • Common Stock · 32.9% · $86M
  • Other · 0.7% · $2M
  • ADR · 0.3% · $827,097

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SYKSTRYKER CORPORATIONNEW+1.6K1.6K+$500,958$500,958
MRKMERCK & CO INCNEW+3.5K3.5K+$402,365$402,365
NWENORTHWESTERN CORPNEW+6.2K6.2K+$351,912$351,912
XPOXPO INCNEW+5.5K5.5K+$322,376$322,376
AFLAFLAC INCNEW+4.5K4.5K+$313,262$313,262
CHDCHURCH & DWIGHT CO INCNEW+2.8K2.8K+$280,043$280,043
TSLATESLA INCNEW+840840+$219,887$219,887
DDOMINION ENERGY INCNEW+4.2K4.2K+$219,227$219,227

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

Holdings — Q2 2023

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDSMID CAP ETF · SMALL CP ETF18.96%$50M235.3K
2ISHARES TR1 3 YR TREAS BD · PFD AND INCM SEC · RUS 1000 GRW ETF · RUS 1000 VAL ETF · CORE US AGGBD ET · IBOXX INV CP ETF · CORE S&P500 ETF15.23%$40M562.2K
3INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 EQL WGT9.65%$25M391.2K
4VANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF5.62%$15M279.7K
5VANGUARD WHITEHALL FDSHIGH DIV YLD4.17%$11M102.6K
6INVESCO EXCH TRADED FD TR IIS&P500 LOW VOL4.01%$10M166.9K
7AAPLAPPLE INChistory →COM3.91%$10M52.7K
8PACER FDS TRUS CASH COWS 1003.90%$10M212.8K
9VANGUARD WORLD FDSHEALTH CAR ETF · INF TECH ETF2.95%$8M27.6K
10UNHUNITEDHEALTH GROUP INChistory →COM2.34%$6M12.7K
11MSFTMICROSOFT CORPhistory →COM1.76%$5M13.5K
12GRBKGREEN BRICK PARTNERS INChistory →COM1.60%$4M73.5K
13JNJJOHNSON & JOHNSONhistory →COM1.16%$3M18.4K
14LLYLILLY ELI & COCOM0.89%$2M4.9K
15PGPROCTER AND GAMBLE COCOM0.80%$2M13.7K
16AMZNAMAZON COM INCCOM0.69%$2M13.8K
17JPMJPMORGAN CHASE & COCOM0.68%$2M12.2K
18BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.67%$2M5.1K
19COSTCOSTCO WHSL CORP NEWCOM0.60%$2M2.9K
20HDHOME DEPOT INCCOM0.51%$1M4.3K
21WMTWALMART INCCOM0.50%$1M8.4K
22DUKDUKE ENERGY CORP NEWCOM NEW0.50%$1M14.6K
23KMBKIMBERLY-CLARK CORPCOM0.49%$1M9.3K
24DYHTARGET CORPCOM0.49%$1M9.6K
25CB1ACONSTELLATION BRANDS INCCL A0.46%$1M4.9K
26CRMSALESFORCE INCCOM0.46%$1M5.6K
27EDCONSOLIDATED EDISON INCCOM0.45%$1M13.0K
28TXNTEXAS INSTRS INCCOM0.45%$1M6.5K
29TRVTRAVELERS COMPANIES INCCOM0.44%$1M6.7K
30BABOEING COCOM0.43%$1M5.3K
31BACBANK AMERICA CORPCOM0.41%$1M37.6K
32PFEPFIZER INCCOM0.39%$1M28.0K
33NKENIKE INCCL B0.38%$1M9.1K
34AMDADVANCED MICRO DEVICES INCCOM0.38%$998,7638.8K
35DWDPEURDUPONT DE NEMOURS INCCOM0.38%$998,44014.0K
36HONGBPHONEYWELL INTL INCCOM0.37%$978,9854.7K
37RTXRAYTHEON TECHNOLOGIES CORPCOM0.37%$954,9149.7K
38CSCOCISCO SYS INCCOM0.36%$950,72318.4K
39TFCTRUIST FINL CORPCOM0.36%$940,30431.0K
40DHRDANAHER CORPORATIONCOM0.36%$939,6003.9K

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 ↗.