Ballast 13F annual report
Ballast is an investment fund managing more than $325 billion ran by John Boardman. There are currently 101 companies in Mr. Boardman’s portfolio. The largest investments include Vanguard Index Fds and Invesco Exchange Traded Fd T, together worth $95.4 billion.
$325 billion Assets Under Management (AUM)
As of 8th July 2024, Ballast’s top holding is 274,312 shares of Vanguard Index Fds currently worth over $62.1 billion and making up 19.1% of the portfolio value.
In addition, the fund holds 416,720 shares of Invesco Exchange Traded Fd T worth $33.3 billion.
The third-largest holding is Vanguard Intl Equity Index F worth $16.8 billion and the next is Vanguard Whitehall Fds worth $13 billion, with 109,463 shares owned.
Currently, Ballast's portfolio is worth at least $325 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
The Ballast office and employees reside in Lexington, Kentucky. According to the last 13-F report filed with the SEC, John Boardman serves as the President at Ballast.
Recent trades
In the most recent 13F filing, Ballast revealed that it had opened a new position in
Visa Inc and bought 2,761 shares worth $725 million.
This means they effectively own approximately 0.1% of the company.
Visa Inc makes up
7.1%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
25,996 additional shares.
This makes their stake in Vanguard Index Fds total 274,312 shares worth $62.1 billion.
On the other hand, there are companies that Ballast is getting rid of from its portfolio.
Ballast closed its position in Verizon Communications Inc on 15th July 2024.
It sold the previously owned 16,856 shares for $635 million.
John Boardman also disclosed a decreased stake in Eli Lilly & Co by approximately 0.1%.
This leaves the value of the investment at $4.01 billion and 4,432 shares.
One of the smaller hedge funds
The two most similar investment funds to Ballast are Wagner Wealth Management and Oakwell Private Wealth Management. They manage $325 billion and $325 billion respectively.
John Boardman investment strategy
Ballast’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 7.0% of
the total portfolio value.
The fund focuses on investments in the United States as
58.4% 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
57% of the total holdings value.
On the other hand, small-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $240 billion.
The complete list of Ballast trades based on 13F SEC filings
These positions were updated on July 15th 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 |
|---|---|---|---|
| Vanguard Index Fds |
10.47%
274,312
|
$62,136,412,000 | 19.13% |
| Invesco Exchange Traded Fd T |
0.69%
416,720
|
$33,294,174,000 | 10.25% |
| Vanguard Intl Equity Index F |
0.78%
302,429
|
$16,816,085,000 | 5.18% |
| Vanguard Whitehall Fds |
2.17%
109,463
|
$12,982,351,000 | 4.00% |
| Pacer Fds Tr |
2.25%
232,937
|
$12,692,737,000 | 3.91% |
| Apple Inc |
0.28%
59,096
|
$12,446,859,000 | 3.83% |
| Ishares Tr |
3.60%
621,033
|
$44,903,796,000 | 13.82% |
| Invesco Exch Traded Fd Tr Ii |
5.30%
188,170
|
$12,221,654,000 | 3.76% |
| Vanguard World Fd |
4.32%
36,413
|
$11,362,970,000 | 3.50% |
| Unitedhealth Group Inc |
17.12%
14,768
|
$7,520,752,000 | 2.31% |
| Microsoft Corporation |
1.82%
15,973
|
$7,139,132,000 | 2.20% |
| Green Brick Partners, Inc. |
No change
73,494
|
$4,206,797,000 | 1.29% |
| Eli Lilly & Co |
4.40%
4,432
|
$4,012,644,000 | 1.24% |
| Johnson & Johnson |
10.71%
22,208
|
$3,245,921,000 | 1.00% |
| Amazon.com Inc. |
5.90%
15,931
|
$3,078,666,000 | 0.95% |
| JPMorgan Chase & Co. |
6.13%
14,588
|
$2,950,569,000 | 0.91% |
| Costco Whsl Corp New |
4.30%
3,054
|
$2,595,869,000 | 0.80% |
| Procter And Gamble Co |
8.09%
15,703
|
$2,589,739,000 | 0.80% |
| Berkshire Hathaway Inc. |
0.61%
5,935
|
$2,414,358,000 | 0.74% |
| Walmart Inc |
222.58%
27,861
|
$1,886,468,000 | 0.58% |
| Home Depot, Inc. |
11.44%
5,212
|
$1,794,179,000 | 0.55% |
| Bank America Corp |
2.38%
44,131
|
$1,755,090,000 | 0.54% |
| Target Corp |
5.31%
11,571
|
$1,712,971,000 | 0.53% |
| Truist Finl Corp |
6.53%
41,641
|
$1,617,753,000 | 0.50% |
| Duke Energy Corp. |
5.80%
15,758
|
$1,579,424,000 | 0.49% |
| Alphabet Inc |
8.38%
13,656
|
$2,493,799,000 | 0.77% |
| Exxon Mobil Corp. |
12.04%
12,978
|
$1,494,027,000 | 0.46% |
| Micron Technology Inc. |
12.82%
11,293
|
$1,485,368,000 | 0.46% |
| Texas Instrs Inc |
9.11%
7,554
|
$1,469,480,000 | 0.45% |
| Travelers Companies Inc. |
2.34%
7,094
|
$1,442,494,000 | 0.44% |
| Salesforce Inc |
6.21%
5,425
|
$1,394,768,000 | 0.43% |
| Consolidated Edison, Inc. |
14.43%
15,373
|
$1,374,654,000 | 0.42% |
| Advanced Micro Devices Inc. |
3.36%
8,430
|
$1,367,430,000 | 0.42% |
| DuPont de Nemours Inc |
15.82%
16,944
|
$1,363,816,000 | 0.42% |
| Pepsico Inc |
0.32%
8,268
|
$1,363,641,000 | 0.42% |
| Honeywell International Inc |
13.96%
6,270
|
$1,338,896,000 | 0.41% |
| RTX Corp |
10.95%
13,012
|
$1,306,275,000 | 0.40% |
| Cisco Sys Inc |
29.49%
27,245
|
$1,294,410,000 | 0.40% |
| Kimberly-Clark Corp. |
18.43%
9,069
|
$1,253,336,000 | 0.39% |
| Danaher Corp. |
12.66%
4,992
|
$1,247,251,000 | 0.38% |
| Deere & Co. |
35.71%
3,337
|
$1,246,803,000 | 0.38% |
| Boeing Co. |
30.84%
6,759
|
$1,230,206,000 | 0.38% |
| Chubb Limited |
3.75%
4,783
|
$1,220,048,000 | 0.38% |
| Disney Walt Co |
16.67%
12,273
|
$1,218,586,000 | 0.38% |
| Union Pac Corp |
0.68%
5,361
|
$1,212,980,000 | 0.37% |
| Northern Tr Corp |
12.22%
13,700
|
$1,150,526,000 | 0.35% |
| Nike, Inc. |
30.03%
13,652
|
$1,028,951,000 | 0.32% |
| NVIDIA Corp |
1,212.81%
7,890
|
$974,731,000 | 0.30% |
| Intel Corp. |
42.48%
30,623
|
$948,394,000 | 0.29% |
| Caterpillar Inc. |
0.14%
2,829
|
$942,340,000 | 0.29% |
| Valero Energy Corp. |
3.80%
5,924
|
$928,646,000 | 0.29% |
| Mondelez International Inc. |
161.81%
13,224
|
$865,379,000 | 0.27% |
| Coca-Cola Co |
1.58%
13,580
|
$864,360,000 | 0.27% |
| Medtronic Plc |
41.31%
10,003
|
$787,336,000 | 0.24% |
| Pfizer Inc. |
60.16%
27,248
|
$762,399,000 | 0.23% |
| Visa Inc |
Opened
2,761
|
$724,680,000 | 0.22% |
| T-Mobile US Inc |
Opened
3,919
|
$690,449,000 | 0.21% |
| Sherwin-Williams Co. |
7.77%
2,254
|
$672,661,000 | 0.21% |
| Spdr S&p 500 Etf Tr |
18.28%
1,171
|
$637,282,000 | 0.20% |
| Verizon Communications Inc |
Closed
16,856
|
$635,471,000 | |
| Oracle Corp. |
No change
4,422
|
$624,386,000 | 0.19% |
| Norfolk Southn Corp |
1.27%
2,869
|
$615,946,000 | 0.19% |
| Mcdonalds Corp |
0.55%
2,394
|
$610,087,000 | 0.19% |
| Humana Inc. |
Opened
1,561
|
$583,268,000 | 0.18% |
| Vanguard Specialized Funds |
0.16%
3,091
|
$564,262,000 | 0.17% |
| Stryker Corp. |
No change
1,642
|
$558,691,000 | 0.17% |
| Abbvie Inc |
1.54%
3,158
|
$541,660,000 | 0.17% |
| General Dynamics Corp. |
0.97%
1,666
|
$483,373,000 | 0.15% |
| XPO Inc |
No change
4,390
|
$465,999,000 | 0.14% |
| Pnc Finl Svcs Group Inc |
63.04%
2,981
|
$463,533,000 | 0.14% |
| Merck & Co Inc |
0.99%
3,673
|
$454,717,000 | 0.14% |
| Corning, Inc. |
0.12%
11,686
|
$454,001,000 | 0.14% |
| Halliburton Co. |
Opened
13,344
|
$450,760,000 | 0.14% |
| Aflac Inc. |
No change
4,488
|
$400,823,000 | 0.12% |
| Spdr Ser Tr |
4.37%
12,679
|
$772,790,000 | 0.24% |
| Conocophillips |
24.94%
3,395
|
$388,320,000 | 0.12% |
| Constellation Brands, Inc. |
Closed
1,599
|
$386,558,000 | |
| NextEra Energy Inc |
2.50%
5,343
|
$378,338,000 | 0.12% |
| Schwab Strategic Tr |
No change
4,700
|
$365,472,000 | 0.11% |
| Wells Fargo Co New |
2.16%
5,813
|
$345,234,000 | 0.11% |
| Abbott Labs |
16.16%
3,280
|
$340,825,000 | 0.10% |
| Us Bancorp Del |
35.10%
8,487
|
$336,934,000 | 0.10% |
| Cincinnati Finl Corp |
No change
2,805
|
$331,271,000 | 0.10% |
| AT&T Inc. |
61.05%
16,917
|
$323,284,000 | 0.10% |
| Fedex Corp |
1.14%
1,064
|
$319,030,000 | 0.10% |
| Emerson Elec Co |
0.73%
2,880
|
$317,261,000 | 0.10% |
| Cognizant Technology Solutio |
No change
4,570
|
$310,760,000 | 0.10% |
| Northrop Grumman Corp. |
0.43%
707
|
$308,217,000 | 0.09% |
| Mastercard Incorporated |
No change
680
|
$299,989,000 | 0.09% |
| Vanguard Index Fds |
Opened
1,498
|
$499,826,000 | 0.15% |
| Accenture Plc Ireland |
1.51%
944
|
$286,419,000 | 0.09% |
| Meta Platforms Inc |
5.28%
556
|
$280,346,000 | 0.09% |
| Spdr Gold Tr |
3.60%
1,295
|
$278,438,000 | 0.09% |
| Church & Dwight Co., Inc. |
No change
2,587
|
$268,220,000 | 0.08% |
| KKR & Co. Inc |
0.64%
2,516
|
$264,784,000 | 0.08% |
| Marsh & McLennan Cos., Inc. |
2.11%
1,256
|
$264,664,000 | 0.08% |
| Chevron Corp. |
1.62%
1,692
|
$264,663,000 | 0.08% |
| Philip Morris International Inc |
Closed
2,690
|
$253,075,000 | |
| Ishares Tr |
Closed
6,274
|
$252,278,000 | |
| GSK Plc |
Closed
6,703
|
$248,413,000 | |
| Gxo Logistics Incorporated |
No change
4,709
|
$237,805,000 | 0.07% |
| Quest Diagnostics, Inc. |
No change
1,712
|
$234,339,000 | 0.07% |
| Spdr Index Shs Fds |
5.28%
6,457
|
$226,504,000 | 0.07% |
| Tesla Inc |
16.54%
1,050
|
$207,774,000 | 0.06% |
| General Mls Inc |
No change
3,206
|
$202,812,000 | 0.06% |
| Sun Life Financial, Inc. |
No change
4,083
|
$200,026,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 106 holdings | |||
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