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Portfolio (Quarterly) Guide ↗

BALLAST ADVISORS LLC

· CIK 0001803415
13F Portfolio $344M AUM 394 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 225 New 40 Added 65 Reduced 7 Exited
Page 2 of 4  ·  65 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 CMG CHIPOTLE MEXICAN GRILL INC COM Consumer Cyclical 23,411.0 $749K 0.22% -2K -7.5% $31.99 +1.3%
22 ADP AUTOMATIC DATA PROCESSING INC Industrials 3,682.0 $748K 0.22% -365.0 -9.0% $203.15 +8.2%
23 FAST FASTENAL CO COM Industrials 15,664.0 $727K 0.21% -1K -6.5% $46.41 -3.6%
24 HD HOME DEPOT INC COM Consumer Cyclical 2,149.0 $707K 0.21% -48.0 -2.2% $328.99 -2.4%
25 ROP ROPER TECHNOLOGIES INC Industrials 1,942.0 $687K 0.20% -115.0 -5.6% $353.76 -9.6%
26 AXP AMERICAN EXPRESS CO COM Financial Services 1,926.0 $583K 0.17% -25.0 -1.3% $302.70 +4.1%
27 IBM INTERNATIONAL BUSINESS MACHS COM Technology 2,290.0 $555K 0.16% -178.0 -7.2% $242.36 +9.0%
28 CANADIAN PAC RAILWAY 6,662.0 $524K 0.15% -420.0 -5.9% $78.66
29 ADBE ADOBE SYS INC COM Technology 1,998.0 $486K 0.14% -177.0 -8.1% $243.24 -0.7%
30 CAT CATERPILLAR INC DEL COM Industrials 676.0 $479K 0.14% -29.0 -4.1% $708.58 +25.3%
31 ABBV ABBVIE INC COM Healthcare 2,139.0 $465K 0.14% -23.0 -1.1% $217.39 +0.6%
32 AMGN AMGEN INC COM Healthcare 1,297.0 $456K 0.13% -27.0 -2.0% $351.58 -4.3%
33 HLT HILTON WORLDWIDE HLDGS INC COM Consumer Cyclical 1,444.0 $439K 0.13% -120.0 -7.7% $304.02 +11.0%
34 LRCX LAM RESEARCH CORP COM Technology 1,825.0 $390K 0.11% -100.0 -5.2% $213.70 +48.8%
35 PG PROCTER AND GAMBLE CO COM Consumer Defensive 2,489.0 $360K 0.10% -912.0 -26.8% $144.64 +0.9%
36 CTAS CINTAS CORP COM Industrials 2,103.0 $356K 0.10% -16.0 -0.8% $169.28 +2.2%
37 SUB ISHARES SHORT-TERM NATIONAL MUNI BOND ETF 2,949.0 $314K 0.09% -145.0 -4.7% $106.48 +0.0%
38 TJX TJX COS INC NEW COM Consumer Cyclical 1,953.0 $312K 0.09% -519.0 -21.0% $159.75 -3.0%
39 UNH UNITEDHEALTH GROUP INC COM Healthcare 1,114.0 $301K 0.09% -28.0 -2.5% $270.20 +42.1%
40 MUB ISHARES NATIONAL MUNI BOND ETF 2,793.0 $296K 0.09% -282.0 -9.2% $105.98 +1.0%
Page 2 of 4  ·  65 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 37.4%
Financial Services 15.9%
Energy 12.6%
Consumer Cyclical 7.1%
Industrials 6.6%
Communication Services 6.1%
Healthcare 5.9%
Consumer Defensive 4.9%
Basic Materials 2.4%
Utilities 1.0%