13F

Position

Ballast, Inc. in Ranpak Holdings Corp.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$20.1K$5.41$3.57

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202510.9K$59.1K0.0%
Q1 202610.9K$39K$3.57−$20.1K$00.0%