SEC 13F Intelligence

Managers / Q1 2024 · view latest →

BALLAST ADVISORS LLC

CIK 0001803415 · 683 BIELENBERG DRIVE, SUITE 208, WOODBURY, MN, 55125-1705 · 651-478-4644

Reported Value
$297M
Q1 2024
Positions
172
Filings on Record
28
2019–present window
Filed
May 1, 2024
original filing

Summary

Ballast Advisors LLC reported $297M in U.S.-listed holdings across 172 positions for Q1 2024.

Its largest position, Schwab Strategic Tr, represents 9.7% of the portfolio.

Compared with Q4 2023, the fund opened 10 new positions and exited 7.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+61.1%
share of reported value
Largest Position
+9.7%
Schwab Strategic Tr
New / Exited
10 / 7
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 ’19: $136MQ4 ’19Q1 ’20: $117MQ2 ’20: $141MQ3 ’20: $160MQ4 ’20: $194MQ4 ’20Q1 ’21: $217MQ2 ’21: $236MQ3 ’21: $241MQ4 ’21: $261MQ4 ’21Q1 ’22: $256MQ2 ’22: $222MQ3 ’22: $214MQ4 ’22: $228MQ4 ’22Q1 ’23: $251MQ2 ’23: $266MQ3 ’23: $251MQ4 ’23: $268MQ4 ’23Q1 ’24: $297MQ2 ’24: $315MQ3 ’24: $324MQ4 ’24: $325MQ4 ’24Q1 ’25: $314MQ2 ’25: $339MQ3 ’25: $363MQ4 ’25: $363MQ4 ’25filingsflow.com

Portfolio Composition

By security type
ETP: 57.8%Common Stock: 36.1%MLP: 3.0%ADR: 1.7%Other: 1.4%Other: 0.1%
  • ETP · 57.8% · $171M
  • Common Stock · 36.1% · $107M
  • MLP · 3.0% · $9M
  • ADR · 1.7% · $5M
  • Other · 1.4% · $4M
  • Other · 0.1% · $201,344

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MITSUBISHI UFJ FINL GROUP INNEW+61.8K61.8K+$632,112$632,112
OGEOGE ENERGY CORPNEW+7.9K7.9K+$270,593$270,593
LRCXEURLAM RESEARCH CORPNEW+238238+$231,234$231,234
AMATAPPLIED MATLS INCNEW+1.1K1.1K+$217,985$217,985
IBDQISHARES TRNEW+7.8K7.8K+$192,923$192,923
IBDPISHARES TRNEW+3.6K3.6K+$91,207$91,207
ISHARES TRNEW+225225+$8,827$8,827
SCHWAB STRATEGIC TRNEW+119119+$4,238$4,238

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

Holdings — Q1 2024

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB STRATEGIC TRUS LCAP VA ETF · US LRG CAP ETF · INTL EQTY ETF · US LCAP GR ETF · EMRG MKTEQ ETF · SHT TM US TRES · US BRD MKT ETF · US SML CAP ETF · US AGGREGATE B · US REIT ETF44.90%$133M2.45M
2ISHARES TRCORE US AGGBD ET · RUSSELL 2000 ETF · CORE S&P500 ETF · RUS 1000 GRW ETF7.46%$22M194.4K
3AAPLAPPLE INChistory →COM6.58%$20M113.8K
4MSFTMICROSOFT CORPhistory →COM3.84%$11M27.1K
5JPMJPMORGAN CHASE & COhistory →COM3.47%$10M51.4K
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.02%$9M307.0K
7UBERUBER TECHNOLOGIES INChistory →COM2.18%$6M84.2K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.52%$5M10.7K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.30%$4M25.4K
10AMZNAMAZON COM INChistory →COM1.25%$4M20.5K
11NVDANVIDIA CORPORATIONhistory →COM1.15%$3M3.8K
12BXBLACKSTONE INCCOM0.93%$3M21.0K
13NTICNORTHERN TECHNOLOGIES INTL CCOM0.87%$3M191.0K
14VVISA INCCOM CL A0.72%$2M7.7K
15NVONOVO-NORDISK A SADR0.71%$2M16.4K
16TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.65%$2M14.3K
17METAMETA PLATFORMS INCCL A0.60%$2M3.7K
18VANGUARD WHITEHALL FDSEM MK GOV BD ETF0.59%$2M27.4K
19NXP SEMICONDUCTORS N VCOM0.56%$2M6.7K
20ACCENTURE PLC IRELANDSHS CLASS A0.55%$2M4.7K
21COSTCOSTCO WHSL CORP NEWCOM0.50%$1M2.0K
22SPDR INDEX SHS FDSPORTFOLIO DEVLPD0.47%$1M39.3K
23JNJJOHNSON & JOHNSONCOM0.46%$1M8.6K
24PEPPEPSICO INCCOM0.44%$1M7.5K
25CMGCHIPOTLE MEXICAN GRILL INCCOM0.43%$1M439
26SPDR S&P 500 ETF TRTR UNIT0.42%$1M2.4K
27SELECT SECTOR SPDR TRRL EST SEL SEC0.40%$1M30.2K
28CHVCHEVRON CORP NEWCOM0.37%$1M6.9K
29CATCATERPILLAR INCCOM0.35%$1M2.9K
30SYKSTRYKER CORPORATIONCOM0.35%$1M2.9K
31KOCOCA COLA COCOM0.35%$1M17.0K
32TMOTHERMO FISHER SCIENTIFIC INCCOM0.32%$961,3211.7K
33ITWILLINOIS TOOL WKS INCCOM0.30%$897,8323.3K
34DUTMOODYS CORPCOM0.30%$879,6012.2K
35TSLATESLA INCCOM0.30%$875,7865.0K
36ROPROPER TECHNOLOGIES INCCOM0.29%$870,4241.6K
37ADPAUTOMATIC DATA PROCESSING INCOM0.29%$868,5963.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026Under review401Jun 23, 2026RESTATEMENTchanges · EDGAR ↗
Q1 2026Under review394May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$363M175Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$363M180Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$339M168Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$314M164May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$325M161Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$324M163Oct 30, 202413F-HRchanges · EDGAR ↗
Q2 2024$315M163Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$297M172May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$268M169Jan 30, 202413F-HRchanges · EDGAR ↗
Q3 2023$251M178Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$266M180Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$251M185May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$228M179Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$214M177Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$222M182Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$256M186Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$261M182Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$241M178Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$236M179Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$217M175Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$194M171Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$160M169Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$141M160Jul 29, 202013F-HRchanges · EDGAR ↗
Q1 2020$117M518Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$136M163Feb 14, 202013F-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 ↗.