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Livermore
Livermore
ZHEN

Ballast, Inc.

SEC CIK
0001730477
Latest filing
Jul 10, 2026

The latest 13F from Ballast, Inc. covers Q2 2026 (filed Jul 10, 2026): 156 long positions worth $530.2M. The top 10 holdings make up 51.4% of the portfolio, and the largest is Vanguard Morningstar Small-Cap ETF at 10.6%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
30
Est. +$15.2M
Added
59
Est. +$34.5M
Reduced
30
Est. −$4.30M
Sold out
7
Est. −$5.67M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Small-Cap ETF922908751
    10.6%$56.0M
  2. Vanguard Morningstar Mid-Cap ETF922908629
    9.4%$49.7M
  3. Invesco S&P 500 Quality ETF46137V241
    6.3%$33.2M
  4. Vanguard High Dividend Yield Index ETF921946406
    4.5%$23.7M
  5. Invesco Exchange Traded FD T46137V357
    4.0%$21.3M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Mid-Cap ETF922908629
    +$4.27MAddedConverted for a 4-for-1 split
  2. Vanguard Morningstar Small-Cap ETF922908751
    +$3.97MAdded
  3. iShares Tr464287457
    +$2.00MAdded
  4. Vanguard Health Care ETF92204A504
    +$1.77MAdded
  5. T Rowe Price Exchange-Traded87283Q826
    +$1.45MNew

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. UNHUnitedHealth Group Inc
    +0.39 pp1.0% → 1.4%History
  2. Vanguard Information Technology ETF92204A702
    +0.28 pp0.9% → 1.1%
  3. T Rowe Price Exchange-Traded87283Q826
    +0.27 pp0.0% → 0.3%
  4. HONHoneywell International Inc
    +0.20 pp0.0% → 0.2%History
  5. HONAHoneywell Aerospace Inc.
    +0.20 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$2.79MSold outHistory
  2. MUMicron Technology Inc
    −$2.61MReducedHistory
  3. HONHoneywell International Inc
    −$1.70MSold outHistory
  4. Invesco S&P 500 Quality ETF46137V241
    −$588.9KReduced
  5. TAT&T Inc.
    −$262.6KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −0.65 pp0.6% → 0.0%History
  2. Pacer US Cash Cows 100 ETF69374H881
    −0.59 pp2.9% → 2.3%
  3. HONHoneywell International Inc
    −0.39 pp0.4% → 0.0%History
  4. iShares Russell 1000 Value ETF464287598
    −0.28 pp3.7% → 3.4%
  5. Invesco S&P 500 Quality ETF46137V241
    −0.26 pp6.5% → 6.3%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$530.2M
+$97.8M (+22.6%) vs. prior quarter
Positions
156
+23 vs. prior quarter
Top 10 concentration
51.4%
Top 10 as share of value
Turnover
2.1%
Q2 2026, one quarter
Average holding period
19.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $530.2M (Q2 2026)

Q1 2021: $208.0MQ2 2021: $237.2MQ3 2021: $237.3MQ4 2021: $257.0MQ1 2022: $259.4MQ2 2022: $214.5MQ3 2022: $204.7MQ4 2022: $228.7MQ1 2023: $243.7MQ2 2023: $261.2MQ3 2023: $250.9MQ4 2023: $290.0MQ1 2024: $316.5MQ2 2024: $324.9MQ3 2024: $352.5MQ4 2024: $349.8MQ1 2025: $353.4MQ2 2025: $381.9MQ3 2025: $410.7MQ4 2025: $427.3MQ1 2026: $432.4MQ2 2026: $530.2M
Q1 2021Q2 2026
13F filings of Ballast, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 2026156$530.2MVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFvs. Q1 2026SEC
Q1 2026May 15, 2026133$432.4MVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFvs. Q4 2025SEC
Q4 2025Feb 3, 2026133$427.3MVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFvs. Q3 2025SEC
Q3 2025Nov 7, 2025132$410.7MVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFvs. Q2 2025SEC
Q2 2025Nov 7, 2025Amended128$381.9MVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFvs. Q1 2025SEC
Q1 2025May 12, 2025125$353.4MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q4 2024SEC
Q4 2024Jan 16, 2025119$349.8MVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFvs. Q3 2024SEC
Q3 2024Oct 16, 2024125$352.5MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q2 2024SEC
Q2 2024Jul 15, 2024120$324.9MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q1 2024SEC
Q1 2024May 6, 2024120$316.5MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q4 2023SEC
Q4 2023Jan 18, 2024119$290.0MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q3 2023SEC
Q3 2023Oct 18, 2023109$250.9MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q2 2023SEC
Q2 2023Jul 19, 2023119$261.2MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q1 2023SEC
Q1 2023Apr 19, 2023109$243.7MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q4 2022SEC
Q4 2022Jan 26, 2023108$228.7MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q3 2022SEC
Q3 2022Oct 18, 2022106$204.7MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q2 2022SEC
Q2 2022Jul 14, 2022105$214.5MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q1 2022SEC
Q1 2022Apr 18, 2022111$259.4MVanguard Morningstar Mid-Cap ETFVanguard Morningstar Small-Cap ETFInvesco S&P 500 Quality ETFvs. Q4 2021SEC
Q4 2021Jan 18, 2022107$257.0MVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFVanguard Morningstar Small-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 12, 202195$237.3MVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFVanguard High Dividend Yield Index ETFvs. Q2 2021SEC
Q2 2021Aug 4, 202193$237.2MVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFVanguard High Dividend Yield Index ETFvs. Q1 2021SEC
Q1 2021May 5, 202191$208.0MVanguard Morningstar Mid-Cap ETFInvesco S&P 500 Quality ETFVanguard High Dividend Yield Index ETF–SEC