Ballast Asset Management, L.P. 13F annual report
Ballast Asset Management, L.P. is an investment fund managing more than $184 billion ran by Stefanie Kennedy. There are currently 51 companies in Mrs. Kennedy’s portfolio. The largest investments include Natural Resource Partners L and Federal Agric Mtg Corp, together worth $14.3 billion.
$184 billion Assets Under Management (AUM)
As of 7th August 2024, Ballast Asset Management, L.P.’s top holding is 84,600 shares of Natural Resource Partners L currently worth over $7.58 billion and making up 4.1% of the portfolio value.
In addition, the fund holds 37,262 shares of Federal Agric Mtg Corp worth $6.74 billion.
The third-largest holding is Climb Global Solutions Inc worth $6.12 billion and the next is Consol Inc worth $6.07 billion, with 59,479 shares owned.
Currently, Ballast Asset Management, L.P.'s portfolio is worth at least $184 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Ballast Asset Management, L.P.
The Ballast Asset Management, L.P. office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Stefanie Kennedy serves as the CHIEF COMPLIANCE OFFICER at Ballast Asset Management, L.P..
Recent trades
In the most recent 13F filing, Ballast Asset Management, L.P. revealed that it had opened a new position in
Brinks Co and bought 36,016 shares worth $3.69 billion.
The investment fund also strengthened its position in Natural Resource Partners L by buying
5,850 additional shares.
This makes their stake in Natural Resource Partners L total 84,600 shares worth $7.58 billion.
On the other hand, there are companies that Ballast Asset Management, L.P. is getting rid of from its portfolio.
Ballast Asset Management, L.P. closed its position in Spdr Ser Tr on 14th August 2024.
It sold the previously owned 8,800 shares for $808 million.
Stefanie Kennedy also disclosed a decreased stake in AZZ Inc by approximately 0.1%.
This leaves the value of the investment at $5.77 billion and 74,752 shares.
One of the smallest hedge funds
The two most similar investment funds to Ballast Asset Management, L.P. are Investmark Advisory and Bright Futures Wealth Management,. They manage $184 billion and $184 billion respectively.
Stefanie Kennedy investment strategy
Ballast Asset Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 11.6% of
the total portfolio value.
The fund focuses on investments in the United States as
45.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
4% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.31 billion.
The complete list of Ballast Asset Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Natural Resource Partners L |
7.43%
84,600
|
$7,583,544,000 | 4.11% |
| Federal Agric Mtg Corp |
6.78%
37,262
|
$6,737,715,000 | 3.66% |
| Climb Global Solutions Inc |
7.24%
97,480
|
$6,122,719,000 | 3.32% |
| Consol Energy Inc |
6.82%
59,479
|
$6,068,642,000 | 3.29% |
| Mgic Invt Corp Wis |
6.37%
280,503
|
$6,044,840,000 | 3.28% |
| AZZ Inc |
2.78%
74,752
|
$5,774,592,000 | 3.13% |
| Cavco Inds Inc Del |
6.52%
16,457
|
$5,696,920,000 | 3.09% |
| Phinia Inc |
6.63%
142,321
|
$5,601,754,000 | 3.04% |
| Eagle Matls Inc |
22.69%
22,244
|
$4,837,181,000 | 2.62% |
| Teradata Corp |
6.94%
139,261
|
$4,812,860,000 | 2.61% |
| Bel Fuse Inc. |
305.53%
71,766
|
$4,682,014,000 | 2.54% |
| Geo Group, Inc. |
6.57%
325,016
|
$4,667,229,000 | 2.53% |
| Landstar Sys Inc |
6.46%
25,263
|
$4,660,519,000 | 2.53% |
| Cass Information Sys Inc |
6.65%
114,471
|
$4,586,853,000 | 2.49% |
| International Mny Express In |
30.65%
218,642
|
$4,556,500,000 | 2.47% |
| Solaris Oilfield Infrastruct |
6.50%
506,685
|
$4,347,358,000 | 2.36% |
| Lennox International Inc |
2.37%
7,830
|
$4,188,893,000 | 2.27% |
| Intl Gnrl Insurance Hldngs L |
6.48%
297,846
|
$4,169,844,000 | 2.26% |
| Capital Bancorp Inc Md |
6.88%
200,269
|
$4,105,515,000 | 2.23% |
| Sprouts Fmrs Mkt Inc |
6.70%
47,218
|
$3,950,258,000 | 2.14% |
| Brinks Co |
Opened
36,016
|
$3,688,038,000 | 2.00% |
| Bioceres Crop Solutions Corp |
6.75%
318,250
|
$3,570,209,000 | 1.94% |
| TripAdvisor Inc. |
8.59%
186,835
|
$3,327,531,000 | 1.81% |
| Amdocs Ltd |
6.52%
41,788
|
$3,297,909,000 | 1.79% |
| Bausch Plus Lomb Corp |
6.45%
224,467
|
$3,256,577,000 | 1.77% |
| Epr Pptys |
6.48%
76,896
|
$3,228,094,000 | 1.75% |
| Rimini Str Inc Del |
6.48%
1,051,005
|
$3,226,586,000 | 1.75% |
| Ferroglobe Plc |
6.38%
597,324
|
$3,201,657,000 | 1.74% |
| Patrick Inds Inc |
117.27%
34,023
|
$3,172,808,000 | 1.72% |
| BorgWarner Inc |
6.40%
97,979
|
$3,158,843,000 | 1.71% |
| Atkore Inc |
6.64%
23,047
|
$3,109,731,000 | 1.69% |
| Green Plains Inc |
6.21%
195,316
|
$3,097,712,000 | 1.68% |
| Kosmos Energy Ltd |
6.05%
557,483
|
$3,088,456,000 | 1.68% |
| Americas Car Mart, Inc. |
6.30%
51,236
|
$3,084,920,000 | 1.67% |
| Knowles Corp |
5.72%
174,192
|
$3,006,554,000 | 1.63% |
| Northern Technologies Intl C |
37.01%
176,952
|
$2,930,325,000 | 1.59% |
| IPG Photonics Corp |
6.10%
34,571
|
$2,917,447,000 | 1.58% |
| UFP Technologies Inc. |
0.48%
10,472
|
$2,763,246,000 | 1.50% |
| Ecovyst Inc |
6.12%
305,531
|
$2,739,780,000 | 1.49% |
| Sitio Royalties Corp |
6.48%
114,739
|
$2,708,988,000 | 1.47% |
| Global Business Travel Group |
6.19%
410,854
|
$2,708,366,000 | 1.47% |
| Timken Co. |
5.80%
30,821
|
$2,469,687,000 | 1.34% |
| RCM Technologies, Inc. |
6.42%
124,869
|
$2,337,548,000 | 1.27% |
| Epsilon Energy Ltd. |
6.65%
408,454
|
$2,226,074,000 | 1.21% |
| Extreme Networks Inc. |
8.31%
144,348
|
$1,941,480,000 | 1.05% |
| Iradimed Corp |
6.41%
42,300
|
$1,858,662,000 | 1.01% |
| Genpact Limited |
6.12%
53,375
|
$1,718,141,000 | 0.93% |
| Compass Minerals International Inc |
6.28%
130,213
|
$1,345,101,000 | 0.73% |
| QuidelOrtho Corporation |
6.60%
25,801
|
$857,110,000 | 0.47% |
| Alpha Metallurgical Resour I |
No change
2,889
|
$809,469,000 | 0.44% |
| Spdr Ser Tr |
Closed
8,800
|
$807,840,000 | |
| Lamar Advertising Co |
93.99%
2,184
|
$261,054,000 | 0.14% |
| No transactions found | |||
| Showing first 500 out of 52 holdings | |||
Hedge funds similar to Ballast Asset Management, L.P.
- Kessler Investment
- Exos Tfp
- Htg Investment Advisors
- Delaney Dennis R
- Cook Wealth
- First Capital Advisors
- Tabor Asset Management, L.P.
- Investmark Advisory
- Bright Futures Wealth Management,
- Moneywise, Inc
- Decatur Capital Management
- Westhampton Capital
- Lazari Capital Management, Inc
- Maltin Wealth Management