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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 100m 1b

BALLAST ASSET MANAGEMENT

BALLAST ASSET MANAGEMENT, LP, CRD 311116

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:c4511d59-e5de-7e4e-e8d7-83bf0f2d7c64

Data as of Jul 9, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 4:00 PM UTC and rebuilt at most every 15 minutes.

Relationships: 9
Dated events: 6
On other graphs: 0
Observed: Oct 7, 2020 to Jul 9, 2026
16 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=0.69 institutional_share=0.31 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $221MItem 5.F on the latest filing (2026-07-09); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $221M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 1
RAUM per advisor: $221Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 5
Advisory employees: 3
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 2
SEC number: 801-119749
CRD: 311116
Filings on the tape: 16
First filed: Oct 7, 2020
Latest filed: Jul 9, 2026
Organised: Limited Partnership, TX

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
RAGEN R STIENKE	Chartered Financial Analyst	Dallas, TX	1	26	1	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
FOGARTY, THOMAS, W	CO-PORTFOLIO MANAGER	B	yes	05/2023	Sep 29, 2023	Nov 20, 2024
Hardy, William, Guerdan	CHIEF FINANCIAL OFFICER AND CCO	C	yes	01/2017	Oct 7, 2020	Nov 20, 2024
INVERDALE CAPITAL MANAGEMENT, LLC	GENERAL PARTNER	Na	yes	09/2020	Oct 7, 2020	Nov 20, 2024
KENNEDY, STEFANIE	Cco	Na	yes	03/2022	Mar 31, 2022	Nov 20, 2024
SINGHANIA, JAI, KRISHNA	CO-PORTFOLIO MANAGER	B	yes	05/2023	Sep 29, 2023	Nov 20, 2024
SMALL, RYAN, MARTIN	MANAGER AND MEMBER	D	yes	10/2012	Mar 30, 2021	Nov 20, 2024
STIENKE, RAGEN, R	MANAGING PARTNER	E	yes	09/2020	Oct 7, 2020	Nov 20, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
INVERDALE CAPITAL MANAGEMENT, LLC	n/a	Former SEC adviser	$81.8M	Y	no	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 6 of 7

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Private funds	Fund GAV
2025	Mar 18, 2026	$221M	$221M	5	3	n/a	n/a
2024	Feb 12, 2025	$206M	$206M	5	3	n/a	n/a
2023	Mar 22, 2024	$168M	$168M	5	3	n/a	n/a
2022	Mar 16, 2023	$66.9M	$66.9M	5	3	n/a	n/a
2021	Mar 31, 2022	$49.2M	$49.2M	3	2	n/a	n/a
2020	Mar 30, 2021	$11.3M	$11.3M	7	3	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	1	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$221M	$206M	6.9%	$66.9M	48.9%	5	5	0	0

Relationships

Affiliated with (1)

→ INVERDALE CAPITAL MANAGEMENT, LLCRegistered adviserother investment adviser, control
factForm ADV

Registered with (1)

← RAGEN R STIENKEAdvisorregistration: current employment
Oct 10, 2024 to presentfactForm ADV

Controls (7)

← INVERDALE CAPITAL MANAGEMENT, LLCOwnerGENERAL PARTNER, ownership code NA, domestic entity
Oct 7, 2020 to Nov 20, 2024factForm ADV
← KENNEDY, STEFANIEOwnerCCO, ownership code NA, individual
Mar 31, 2022 to Nov 20, 2024factForm ADV
← FOGARTY, THOMAS, WOwnerCO-PORTFOLIO MANAGER, ownership code B, individual
Sep 29, 2023 to Nov 20, 2024factForm ADV
← STIENKE, RAGEN, ROwnerMANAGING PARTNER, ownership code E, individual
Oct 7, 2020 to Nov 20, 2024factForm ADV
← SINGHANIA, JAI, KRISHNAOwnerCO-PORTFOLIO MANAGER, ownership code B, individual
Sep 29, 2023 to Nov 20, 2024factForm ADV
← SMALL, RYAN, MARTINOwnerMANAGER AND MEMBER, ownership code D, individual
Mar 30, 2021 to Nov 20, 2024factForm ADV
← Hardy, William, GuerdanOwnerCHIEF FINANCIAL OFFICER AND CCO, ownership code C, individual
Oct 7, 2020 to Nov 20, 2024factForm ADV

Dated events

Occurred
Mar 22, 2024
Regulatory AUM changed
Ballast Asset Management reported RAUM $168.5M, up 152% from $66.9M (2023-09-29 to 2024-03-22)
Form ADVobserved 5 days ago
$102M
Occurred
Sep 29, 2023
Control person joined
Krishna Jai Singhania (Co-Portfolio Manager) appeared on Schedule A of Ballast Asset Management
Form ADVobserved 5 days ago
Occurred
Sep 29, 2023
Control person joined
W Thomas Fogarty (Co-Portfolio Manager) appeared on Schedule A of Ballast Asset Management
Form ADVobserved 5 days ago
Occurred
Mar 31, 2022
Control person joined
Stefanie Kennedy (Cco) appeared on Schedule A of Ballast Asset Management
Form ADVobserved 5 days ago
Occurred
Mar 30, 2021
Control person joined
Martin Ryan Small (Manager And Member) appeared on Schedule A of Ballast Asset Management
Form ADVobserved 5 days ago
Occurred
Oct 7, 2020
First Form ADV filing
Ballast Asset Management filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:c4511d59-e5de-7e4e-e8d7-83bf0f2d7c64
First observed: Oct 7, 2020
Last observed: Jul 9, 2026 2 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

BALLAST ASSET MANAGEMENT

BALLAST ASSET MANAGEMENT, LP, CRD 311116

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:c4511d59-e5de-7e4e-e8d7-83bf0f2d7c64

Data as of Jul 9, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 4:00 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

RAGEN R STIENKE

Chartered Financial Analyst

Dallas, TX

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

FOGARTY, THOMAS, W

CO-PORTFOLIO MANAGER

yes

05/2023

Sep 29, 2023

Nov 20, 2024

Hardy, William, Guerdan

CHIEF FINANCIAL OFFICER AND CCO

yes

01/2017

Oct 7, 2020

Nov 20, 2024

INVERDALE CAPITAL MANAGEMENT, LLC

GENERAL PARTNER

yes

09/2020

Oct 7, 2020

Nov 20, 2024

KENNEDY, STEFANIE

Cco

yes

03/2022

Mar 31, 2022

Nov 20, 2024

SINGHANIA, JAI, KRISHNA

CO-PORTFOLIO MANAGER

yes

05/2023

Sep 29, 2023

Nov 20, 2024

SMALL, RYAN, MARTIN

MANAGER AND MEMBER

yes

10/2012

Mar 30, 2021

Nov 20, 2024

STIENKE, RAGEN, R

MANAGING PARTNER

yes

09/2020

Oct 7, 2020

Nov 20, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

INVERDALE CAPITAL MANAGEMENT, LLC

n/a

Former SEC adviser

$81.8M

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 18, 2026

$221M

n/a

2024

Feb 12, 2025

$206M

n/a

2023

Mar 22, 2024

$168M

n/a

2022

Mar 16, 2023

$66.9M

n/a

2021

Mar 31, 2022

$49.2M

n/a

2020

Mar 30, 2021

$11.3M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$221M

$206M

6.9%

$66.9M

48.9%