# Ballast, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1730477. Source: https://holderbook.com/funds/1730477-ballast-inc/

- Reported value: $530.2M
- Positions: 156
- Weight of the ten largest: 51.4%
- Filed: 2026-07-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $56.0M | 184,845 | 10.6% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $49.7M | 616,950 | 9.4% | 31 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $33.2M | 368,869 | 6.3% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $23.7M | 150,142 | 4.5% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $21.3M | 99,938 | 4.0% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $20.7M | 247,007 | 3.9% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $20.2M | 245,825 | 3.8% | 15 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $18.0M | 74,114 | 3.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $15.0M | 120,713 | 2.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.7M | 50,867 | 2.8% | 31 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $13.8M | 46,127 | 2.6% | 31 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $13.7M | 450,713 | 2.6% | 31 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $13.0M | 173,437 | 2.4% | 31 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $12.1M | 195,254 | 2.3% | 17 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $8.8M | 7,591 | 1.7% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $7.3M | 17,484 | 1.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.8M | 18,334 | 1.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.4M | 25,218 | 1.2% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $6.0M | 50,009 | 1.1% | 31 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $5.9M | 73,494 | 1.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.6M | 11,139 | 1.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.5M | 23,220 | 1.0% | 21 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.4M | 15,191 | 1.0% | 23 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.3M | 4,427 | 1.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.2M | 15,817 | 1.0% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.1M | 8,751 | 1.0% | 18 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $4.1M | 3,881 | 0.8% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.5M | 9,883 | 0.7% | 22 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.3M | 3,501 | 0.6% | 30 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.3M | 27,711 | 0.6% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.0M | 26,066 | 0.6% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.9M | 19,969 | 0.6% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.7M | 7,796 | 0.5% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $2.7M | 4,311 | 0.5% | 23 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.7M | 14,050 | 0.5% | 16 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.7M | 10,415 | 0.5% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.6M | 8,827 | 0.5% | 30 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $2.6M | 19,604 | 0.5% | 31 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $2.6M | 7,752 | 0.5% | 31 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $2.5M | 23,051 | 0.5% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.5M | 41,198 | 0.5% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $2.5M | 19,358 | 0.5% | 31 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $2.4M | 48,831 | 0.5% | 27 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $2.3M | 13,290 | 0.4% | 27 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $2.3M | 20,525 | 0.4% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.3M | 22,776 | 0.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.1M | 6,234 | 0.4% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.0M | 10,203 | 0.4% | 11 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.0M | 5,986 | 0.4% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.0M | 9,406 | 0.4% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.9M | 19,535 | 0.4% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.9M | 45,737 | 0.4% | 16 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.9M | 16,883 | 0.3% | 31 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $1.7M | 50,273 | 0.3% | 9 |
| DUPONT DE NEMOURS INC | - | $1.7M | 12,352 | 0.3% | 1 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.6M | 28,319 | 0.3% | 19 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.6M | 6,217 | 0.3% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.6M | 20,259 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $1.6M | 6,325 | 0.3% | 11 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.5M | 9,737 | 0.3% | 16 |
| T ROWE PRICE EXCHANGE-TRADED | [TMSL](https://holderbook.com/stocks/TMSL/) | $1.4M | 33,000 | 0.3% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.4M | 1,905 | 0.3% | 22 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4M | 58,636 | 0.3% | 31 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $1.4M | 8,367 | 0.3% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.4M | 5,009 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 1,806 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.1M | 8,301 | 0.2% | 19 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $1.1M | 4,738 | 0.2% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.0M | 4,738 | 0.2% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.0M | 885 | 0.2% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $976.0K | 965 | 0.2% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $939.0K | 2,776 | 0.2% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $936.9K | 11,528 | 0.2% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $847.6K | 14,875 | 0.2% | 23 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $828.9K | 3,294 | 0.2% | 19 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $822.2K | 43,000 | 0.2% | 1 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $801.3K | 4,200 | 0.2% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $735.2K | 9,535 | 0.1% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $731.4K | 3,091 | 0.1% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $725.8K | 1,942 | 0.1% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $674.9K | 4,822 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $667.9K | 1,805 | 0.1% | 10 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $651.7K | 1,504 | 0.1% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $648.6K | 4,426 | 0.1% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $633.4K | 1,468 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $629.7K | 1,667 | 0.1% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $617.9K | 2,286 | 0.1% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $617.9K | 1,964 | 0.1% | 31 |
| COMMERCIAL BANCGROUP INC | [CBK](https://holderbook.com/stocks/CBK/) | $612.7K | 18,975 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $612.6K | 2,811 | 0.1% | 19 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $607.9K | 1,572 | 0.1% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $592.9K | 298 | 0.1% | 1 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $558.3K | 1,576 | 0.1% | 31 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $543.0K | 2,645 | 0.1% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $541.7K | 1,288 | 0.1% | 9 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $531.9K | 1,025 | 0.1% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $517.3K | 1,643 | 0.1% | 13 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $507.6K | 3,950 | 0.1% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $502.7K | 732 | 0.1% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.9% | +14.8% | -1.0% | 100% |
| Q1 2026 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +6.0% | +7.8% | -1.9% | 100% |
| Q2 2025 | +4.2% | +10.5% | -6.2% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.1% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.2% | 100% |
| Q3 2024 | +7.4% | +5.4% | +2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $530.2M | 156 |
| Q1 2026 | $432.4M | 133 |
| Q4 2025 | $427.3M | 133 |
| Q3 2025 | $412.7M | 132 |
| Q2 2025 | $381.9M | 128 |
| Q1 2025 | $353.4M | 125 |
| Q4 2024 | $349.8M | 119 |
| Q3 2024 | $352.5M | 125 |
| Q2 2024 | $324.9M | 120 |
| Q1 2024 | $316.5M | 120 |
| Q4 2023 | $290.1M | 119 |
| Q3 2023 | $251.0M | 109 |