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

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
21	IVV	ISHARES CORE S&P 500 ETF	—	2,566.0	$1.3M	0.39%	+636.0	+33.0%	$523.38	+44.9%
22	DHR	DANAHER CORP DEL COM	Healthcare	5,395.0	$1.0M	0.30%	+104.0	+2.0%	$189.62	-4.8%
23	JNJ	JOHNSON & JOHNSON COM	Healthcare	3,598.0	$879K	0.26%	+42.0	+1.2%	$244.30	-5.5%
24	BNDX	VANGUARD TOTAL INTERNATIONAL BOND ETF	—	16,855.0	$810K	0.24%	+234.0	+1.4%	$48.06	+0.4%
25	NVO	NOVO-NORDISK A-S	Healthcare	21,548.0	$792K	0.23%	+189.0	+0.9%	$36.76	+23.8%
26	MAR	MARRIOTT INTL INC NEW CL A	Consumer Cyclical	2,279.0	$745K	0.22%	+57.0	+2.6%	$326.90	+18.0%
27	ORCL	ORACLE CORP COM	Technology	4,896.0	$720K	0.21%	+169.0	+3.6%	$147.06	+38.5%
28	GE	GENERAL ELECTRIC CO COM	Industrials	2,445.0	$694K	0.20%	+210.0	+9.4%	$283.84	+13.0%
29	LMT	LOCKHEED MARTIN CORP COM	Industrials	874.0	$528K	0.15%	+10.0	+1.2%	$604.12	-11.1%
30	GEV	GE VERNOVA	Utilities	420.0	$367K	0.11%	+15.0	+3.7%	$873.81	+14.0%
31	CVS	CVS HEALTH CORP COM	Healthcare	4,083.0	$293K	0.09%	+41.0	+1.0%	$71.76	+29.5%
32	BAC	BANK AMER CORP COM	Financial Services	5,715.0	$279K	0.08%	+226.0	+4.1%	$48.82	+3.9%
33	MCD	MCDONALDS CORP COM	Consumer Cyclical	781.0	$243K	0.07%	+50.0	+6.8%	$311.14	-10.7%
34	IVE	ISHARES S&P 500 VALUE ETF	—	834.0	$176K	0.05%	+388.0	+87.0%	$211.03	+8.1%
35	IWR	ISHARES RUSSELL MID-CAP ETF	—	1,696.0	$165K	0.05%	+59.0	+3.6%	$97.29	+10.1%
36	IEF	ISHARES 7-10 YEAR TREASURY BOND ETF	—	1,450.0	$138K	0.04%	+26.0	+1.8%	$95.17	-0.7%
37	SPEM	SPDR S&P EMERGING MARKETS ETF	—	1,780.0	$84K	0.02%	+25.0	+1.4%	$47.19	+11.1%
38	SPYV	SPDR Portfolio S&P 500 Value ETF	—	1,044.0	$59K	0.02%	+37.0	+3.7%	$56.51	+8.2%
39	XBI	SPDR S&P BIOTECH ETF	—	309.0	$39K	0.01%	+14.0	+4.8%	$126.21	+7.7%
40	XLE	ENERGY SELECT SECTOR SPDR ETF	—	346.0	$21K	0.01%	+46.0	+15.3%	$60.69	-6.2%

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① 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%