BALLAST ADVISORS LLC

CIK 0001803415 · Q2 2026

13F Equity AUM

$419.7M

+22.1% QoQ

Positions

197

-195 QoQ

AUM Rank

#4,106

Top 47%

Skill Alpha (FF)

-0.8%/yr^ns

No Clear Edge

Rank #3,938 · Top 47%

vs S&P -2.5%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 39.3%Top 10: 58.0%Top 20: 75.0%

SCHV9.8%

SCHX8.8%

SCHF7.9%

SCHG7.4%

AAPL5.5%

AGG5.1%

SCHO5.0%

JPM3.1%

TSM2.8%

EPD2.7%

Others (187)42.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services69.0%

Technology15.3%

Energy3.9%

Consumer Cyclical2.5%

Communication Services2.3%

Industrials2.1%

Healthcare2.0%

Other2.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 197Median: 0.08%Avg: 0.51%

0–0.5%

163(15.7%)

0.5–1%

13(8.2%)

1–3%

13(23.6%)

3–5%

1(3.1%)

5%+

7(49.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 197vs 20 funds

0%Low

197

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New10Increased62Decreased62Exited214

New Positions

SCHO5.0%

+870K

SCHB1.9%

+282K

VTIP1.7%

+140K

VMBS0.8%

+67K

SGOV0.2%

+9K

ITOT0.0%

+648

XLC0.0%

+1K

SOXX0.0%

+110

XLY0.0%

+652

FNDE0.0%

+663

Increased

JAAA1.6%

+135K(+11916%)

TCAF0.8%

+67K(+463%)

SCHZ0.6%

+22K(+24%)

AGG5.1%

+16K(+8%)

IWF0.4%

+10K(+293%)

SPDW0.5%

+8K(+24%)

VUG0.2%

+7K(+498%)

CGIC0.2%

+5K(+32%)

IBDU0.0%

+3K(+184%)

XLRE0.5%

+3K(+6%)

Decreased

SCHX8.8%

-75,535(-6%)

SCHG7.4%

-51,152(-5%)

SCHF7.9%

-20,428(-2%)

SCHV9.8%

-14,227(-1%)

NTIC0.3%

-12,345(-7%)

SCHA1.6%

-9,601(-5%)

SLB0.8%

-8,835(-11%)

SCHE2.3%

-5,238(-2%)

AAPL5.5%

-2,632(-3%)

NVO0.2%

-1,895(-9%)

Exited

CONSTELLATION SOFTWA…

-976

-1,905

-330

-7,212

-1,060

-5,841

-631

-437

-643

-567

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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