Ballast Advisors 13F annual report
Ballast Advisors is an investment fund managing more than $315 billion ran by Richard Gerczak. There are currently 87 companies in Mr. Gerczak’s portfolio. The largest investments include Schwab Strategic Tr and Apple Inc, together worth $167 billion.
$315 billion Assets Under Management (AUM)
As of 19th July 2024, Ballast Advisors’s top holding is 2,613,834 shares of Schwab Strategic Tr currently worth over $143 billion and making up 45.2% of the portfolio value.
In addition, the fund holds 114,930 shares of Apple Inc worth $24.2 billion, whose value grew 16.6% in the past six months.
The third-largest holding is Ishares Tr worth $27.9 billion and the next is Microsoft worth $12.5 billion, with 27,874 shares owned.
Currently, Ballast Advisors's portfolio is worth at least $315 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 Advisors
The Ballast Advisors office and employees reside in Woodbury, Minnesota. According to the last 13-F report filed with the SEC, Richard Gerczak serves as the Managing Partner at Ballast Advisors.
Recent trades
In the most recent 13F filing, Ballast Advisors revealed that it had opened a new position in
Intel and bought 6,912 shares worth $214 million.
This means they effectively own approximately 0.1% of the company.
Intel makes up
0.7%
of the fund's Technology sector allocation and has decreased its share price by 4.0% in the past year.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
152,736 additional shares.
This makes their stake in Schwab Strategic Tr total 2,613,834 shares worth $143 billion.
On the other hand, there are companies that Ballast Advisors is getting rid of from its portfolio.
Ballast Advisors closed its position in Alibaba Group Hldg Ltd on 26th July 2024.
It sold the previously owned 5,418 shares for $392 million.
Richard Gerczak also disclosed a decreased stake in JPMorgan Chase & Co by approximately 0.1%.
This leaves the value of the investment at $10.1 billion and 49,975 shares.
One of the smaller hedge funds
The two most similar investment funds to Ballast Advisors are Edentree Asset Management Ltd and Incline Global Management. They manage $315 billion and $315 billion respectively.
Richard Gerczak investment strategy
Ballast Advisors’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 10.2% of
the total portfolio value.
The fund focuses on investments in the United States as
58.6% 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
55% of the total holdings value.
On the other hand, small-cap stocks make up only 1.1% of the portfolio.
The average market cap of the portfolio companies is close to $266 billion.
The complete list of Ballast Advisors trades based on 13F SEC filings
These positions were updated on July 26th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
6.21%
2,613,834
|
$142,541,651,000 | 45.23% |
| Apple Inc |
1.01%
114,930
|
$24,206,550,000 | 7.68% |
| Ishares Tr |
1.64%
267,465
|
$27,857,516,000 | 8.84% |
| Microsoft Corporation |
2.99%
27,874
|
$12,458,090,000 | 3.95% |
| JPMorgan Chase & Co. |
2.82%
49,975
|
$10,107,944,000 | 3.21% |
| Enterprise Prods Partners L |
0.00%
306,956
|
$8,895,589,000 | 2.82% |
| Uber Technologies Inc |
2.68%
81,907
|
$5,953,001,000 | 1.89% |
| NVIDIA Corp |
903.19%
37,730
|
$4,661,164,000 | 1.48% |
| Berkshire Hathaway Inc. |
3.84%
11,161
|
$4,540,295,000 | 1.44% |
| Amazon.com Inc. |
0.96%
20,681
|
$3,996,603,000 | 1.27% |
| Alphabet Inc |
0.74%
25,245
|
$4,608,449,000 | 1.46% |
| Northern Technologies Intl C |
10.45%
171,047
|
$2,832,538,000 | 0.90% |
| Taiwan Semiconductor Mfg Ltd |
6.15%
15,137
|
$2,630,962,000 | 0.83% |
| Blackstone Inc |
3.93%
20,182
|
$2,498,541,000 | 0.79% |
| Novo-nordisk A S |
5.29%
17,244
|
$2,461,409,000 | 0.78% |
| Visa Inc |
0.99%
7,784
|
$2,043,066,000 | 0.65% |
| Nxp Semiconductors N V |
7.59%
7,233
|
$1,946,328,000 | 0.62% |
| Meta Platforms Inc |
3.25%
3,780
|
$1,905,952,000 | 0.60% |
| Vanguard Whitehall Fds |
4.88%
29,485
|
$1,892,602,000 | 0.60% |
| Costco Whsl Corp New |
4.31%
2,130
|
$1,810,479,000 | 0.57% |
| Ecolab, Inc. |
114.21%
7,508
|
$1,786,904,000 | 0.57% |
| Accenture Plc Ireland |
6.40%
4,991
|
$1,514,319,000 | 0.48% |
| Chipotle Mexican Grill |
4,963.78%
22,230
|
$1,392,710,000 | 0.44% |
| Spdr Index Shs Fds |
1.58%
41,259
|
$1,451,277,000 | 0.46% |
| Johnson & Johnson |
0.82%
8,632
|
$1,261,631,000 | 0.40% |
| Pepsico Inc |
2.01%
7,613
|
$1,255,612,000 | 0.40% |
| Select Sector Spdr Tr |
6.20%
34,441
|
$1,536,224,000 | 0.49% |
| Spdr S&p 500 Etf Tr |
4.85%
2,258
|
$1,228,849,000 | 0.39% |
| Tesla Inc |
18.19%
5,888
|
$1,165,117,000 | 0.37% |
| Coca-Cola Co |
0.11%
17,037
|
$1,084,431,000 | 0.34% |
| Chevron Corp. |
0.88%
6,885
|
$1,076,944,000 | 0.34% |
| Stryker Corp. |
3.54%
3,013
|
$1,025,173,000 | 0.33% |
| Adobe Inc |
10.94%
1,836
|
$1,019,971,000 | 0.32% |
| Moodys Corp |
7.24%
2,400
|
$1,010,232,000 | 0.32% |
| Thermo Fisher Scientific Inc. |
3.75%
1,716
|
$948,948,000 | 0.30% |
| Caterpillar Inc. |
1.37%
2,811
|
$936,344,000 | 0.30% |
| Danaher Corp. |
6.87%
3,701
|
$924,695,000 | 0.29% |
| Roper Technologies Inc |
5.35%
1,635
|
$921,584,000 | 0.29% |
| Automatic Data Processing In |
8.97%
3,790
|
$904,635,000 | 0.29% |
| Illinois Tool Wks Inc |
8.85%
3,642
|
$863,008,000 | 0.27% |
| Oracle Corp. |
0.22%
5,766
|
$814,159,000 | 0.26% |
| Canadian Pacific Kansas City |
5.79%
10,035
|
$790,056,000 | 0.25% |
| Exxon Mobil Corp. |
0.08%
6,419
|
$738,955,000 | 0.23% |
| Vanguard Charlotte Fds |
5.21%
14,265
|
$694,278,000 | 0.22% |
| 3M Co. |
3.97%
6,562
|
$670,578,000 | 0.21% |
| Mitsubishi Ufj Finl Group In |
No change
61,790
|
$667,332,000 | 0.21% |
| Unitedhealth Group Inc |
10.49%
1,288
|
$655,927,000 | 0.21% |
| Fastenal Co. |
No change
10,419
|
$654,730,000 | 0.21% |
| Procter And Gamble Co |
0.10%
3,903
|
$643,683,000 | 0.20% |
| Home Depot, Inc. |
0.11%
1,865
|
$642,008,000 | 0.20% |
| American Express Co. |
4.83%
2,495
|
$577,717,000 | 0.18% |
| Vanguard Index Fds |
3.32%
5,654
|
$1,163,585,000 | 0.37% |
| Honeywell International Inc |
2.04%
2,349
|
$501,605,000 | 0.16% |
| Marriott Intl Inc New |
24.06%
2,007
|
$485,232,000 | 0.15% |
| Spdr Ser Tr |
2.26%
39,481
|
$1,963,335,000 | 0.62% |
| International Business Machs |
3.14%
2,773
|
$479,656,000 | 0.15% |
| Lockheed Martin Corp. |
1.60%
1,014
|
$473,639,000 | 0.15% |
| Abbvie Inc |
6.71%
2,721
|
$466,743,000 | 0.15% |
| Cintas Corporation |
8.22%
658
|
$460,771,000 | 0.15% |
| AMGEN Inc. |
8.41%
1,460
|
$456,177,000 | 0.14% |
| Walmart Inc |
3.30%
6,496
|
$439,813,000 | 0.14% |
| Cummins Inc. |
No change
1,557
|
$431,180,000 | 0.14% |
| Medtronic Plc |
0.04%
5,461
|
$429,835,000 | 0.14% |
| Netflix Inc. |
No change
610
|
$411,677,000 | 0.13% |
| Eli Lilly & Co |
0.22%
452
|
$409,232,000 | 0.13% |
| Alibaba Group Hldg Ltd |
Closed
5,418
|
$392,046,000 | |
| Hilton Worldwide Holdings Inc |
14.71%
1,755
|
$382,941,000 | 0.12% |
| Merck & Co Inc |
17.12%
2,737
|
$338,841,000 | 0.11% |
| Starbucks Corp. |
18.62%
4,322
|
$336,459,000 | 0.11% |
| GE Aerospace |
7.64%
2,084
|
$331,293,000 | 0.11% |
| Waste Mgmt Inc Del |
12.94%
1,467
|
$312,970,000 | 0.10% |
| Apogee Enterprises Inc. |
No change
4,667
|
$293,251,000 | 0.09% |
| Mcdonalds Corp |
No change
1,125
|
$286,695,000 | 0.09% |
| Oge Energy Corp. |
No change
7,889
|
$281,637,000 | 0.09% |
| Donaldson Co. Inc. |
9.23%
3,736
|
$267,348,000 | 0.08% |
| Tjx Cos Inc New |
0.08%
2,415
|
$265,892,000 | 0.08% |
| Linde Plc. |
No change
600
|
$263,286,000 | 0.08% |
| Lam Research Corp. |
No change
238
|
$253,434,000 | 0.08% |
| CVS Health Corp |
0.05%
4,268
|
$252,068,000 | 0.08% |
| Xcel Energy Inc. |
11.39%
4,700
|
$251,028,000 | 0.08% |
| Applied Matls Inc |
No change
1,057
|
$249,441,000 | 0.08% |
| Cisco Sys Inc |
0.20%
5,054
|
$240,116,000 | 0.08% |
| Abbott Labs |
2.25%
2,177
|
$226,212,000 | 0.07% |
| Bank America Corp |
5.16%
5,602
|
$222,792,000 | 0.07% |
| Intel Corp. |
Opened
6,912
|
$214,065,000 | 0.07% |
| Philip Morris International Inc |
Opened
2,076
|
$210,361,000 | 0.07% |
| Union Pac Corp |
0.11%
920
|
$208,159,000 | 0.07% |
| Pfizer Inc. |
Closed
7,386
|
$204,962,000 | |
| American Tower Corp. |
Closed
1,019
|
$201,344,000 | |
| Bridgewater Bancshares Inc |
No change
14,600
|
$169,506,000 | 0.05% |
| Spdr Ser Tr |
Closed
629
|
$24,604,000 | |
| Ishares Tr |
Closed
327
|
$22,161,000 | |
| Select Sector Spdr Tr |
Closed
105
|
$4,423,000 | |
| Schwab Strategic Tr |
Closed
119
|
$4,238,000 | |
| No transactions found | |||
| Showing first 500 out of 94 holdings | |||
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