A holder for lead pellets of the type shot from an air rifle and similar types of ammunition. The ammunition holder includes a base plate and at least one strap extending from the top and bottom of the base plate for attachment to a support such as the butt portion of an air rifle stock. A resilient block is affixed to the base plate. The block has a number of transverse apertures each being sized to snugly receive a pellet or other piece of ammunition.