SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Ballast, Inc.

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

Reported Value
$413M
Q3 2025
Positions
134
Filings on Record
31
2019–present window
Filed
Nov 7, 2025
original filing

Summary

Ballast, Inc. reported $413M in U.S.-listed holdings across 134 positions for Q3 2025.

Its largest position, Vanguard Index Fds, represents 10.3% of the portfolio.

Compared with Q2 2025, the fund opened 95 new positions and exited 114.

Portfolio Metrics

Turnover
+62.1%
vs prior filed quarter
Top-10 Concentration
+54.8%
share of reported value
Largest Position
+10.3%
Vanguard Index Fds
New / Exited
95 / 114
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% · $276M
  • Common Stock · 32.4% · $134M
  • Other · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO EXCHANGE TRADED FD TNEW+362.7K362.7K+$27M$27M
PACER FDS TRNEW+330.8K330.8K+$19M$19M
VANGUARD INTL EQUITY INDEX FNEW+249.3K249.3K+$18M$18M
VANGUARD WHITEHALL FDSNEW+119.7K119.7K+$17M$17M
ISHARES TRNEW+25.0K25.0K+$12M$12M
ISHARES TRNEW+39.2K39.2K+$8M$8M
GRBKGREEN BRICK PARTNERS INCNEW+73.5K73.5K+$5M$5M
UNHUNITEDHEALTH GROUP INCNEW+15.7K15.7K+$5M$5M

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

Holdings — Q3 2025

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF20.05%$83M304.1K
2ISHARES TR1 3 YR TREAS BD · PFD AND INCM SEC · RUS 1000 GRW ETF · RUS 1000 VAL ETF · IBOXX INV CP ETF · CORE US AGGBD ET12.89%$53M703.6K
3INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 EQL WGT10.66%$44M454.4K
4VANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF4.93%$20M296.4K
5PACER FDS TRUS CASH COWS 1004.61%$19M330.8K
6VANGUARD WHITEHALL FDSHIGH DIV YLD4.09%$17M119.7K
7INVESCO EXCH TRADED FD TR IIS&P500 LOW VOL3.65%$15M205.0K
8VANGUARD WORLD FDHEALTH CAR ETF · INF TECH ETF3.44%$14M44.4K
9AAPLAPPLE INChistory →COM3.29%$14M53.3K
10MSFTMICROSOFT CORPhistory →COM2.03%$8M16.2K
11GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.39%$6M23.6K
12GRBKGREEN BRICK PARTNERS INChistory →COM1.32%$5M73.5K
13UNHUNITEDHEALTH GROUP INChistory →COM1.31%$5M15.7K
14BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.21%$5M9.9K
15JPMJPMORGAN CHASE & CO.history →COM1.06%$4M13.9K
16JNJJOHNSON & JOHNSONhistory →COM1.04%$4M23.2K
17AMZNAMAZON COM INCCOM0.90%$4M17.0K
18LLYELI LILLY & COCOM0.81%$3M4.4K
19COSTCOSTCO WHSL CORP NEWCOM0.65%$3M2.9K
20WMTWALMART INCCOM0.60%$2M24.2K
21PGPROCTER AND GAMBLE COCOM0.58%$2M15.7K
22HDHOME DEPOT INCCOM0.52%$2M5.3K
23EXMOCEXXON MOBIL CORPCOM0.52%$2M18.9K
24MUMICRON TECHNOLOGY INCCOM0.52%$2M12.8K
25RTXRTX CORPORATIONCOM0.48%$2M11.9K
26DUKDUKE ENERGY CORP NEWCOM NEW0.47%$2M15.8K
27TFCTRUIST FINL CORPCOM0.44%$2M40.0K
28TRVTRAVELERS COMPANIES INCCOM0.44%$2M6.5K
29CSCOCISCO SYS INCCOM0.43%$2M25.8K
30NVDANVIDIA CORPORATIONCOM0.41%$2M9.0K
31NTRSNORTHERN TR CORPCOM0.41%$2M12.5K
32NKENIKE INCCL B0.39%$2M23.3K
33EDCONSOLIDATED EDISON INCCOM0.39%$2M15.9K
34DISDISNEY WALT COCOM0.38%$2M13.7K
35DEDEERE & COCOM0.38%$2M3.4K
36DWDPEURDUPONT DE NEMOURS INCCOM0.37%$2M19.4K
37BABOEING COCOM0.37%$2M7.0K
38AMDADVANCED MICRO DEVICES INCCOM0.36%$2M9.3K
39HONGBPHONEYWELL INTL INCCOM0.35%$1M6.9K
40VVISA INCCOM CL A0.35%$1M4.2K

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 ↗.