PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

3601 W. 76TH STREET, EDINA, Minnesota, 55435, (952) 224-4350

Report Date: 09/30/2014

Position Statistics

Total Positions 180
New Positions 9
Increased Positions 85
Decreased Positions 68
Positions with Activity 153
Sold Out Positions 8
Total Mkt Value (in $ millions) 748

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.66%
Capital Goods 4.85%
Conglomerates
Consumer Cyclical 7.79%
Consumer/Non-Cyclical 3.96%
Energy 1.61%
Financial 33.65%
Healthcare 5.36%
Services 28.91%
Technology 9.75%
Transportation 1.68%
Utilities 0.47%

180 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES TR S&P 500 GRWT ETF 16,803 -125 (0.74) 148,855
NAUTILUS INC COM 14,976 -326 (2.13) 1,151,090
FRANKLIN COVEY CO COM 12,639 16 .13 665,575
JOURNAL COMMUNICATIONS INC CL A 12,316 45 .37 1,220,578
PZENA INVESTMENT MGMT INC CLASS A 12,073 56 .47 1,351,954
TREE COM INC COM 10,800 4,107 61.37 242,855
TECHTARGET INC COM 10,165 31 .30 971,800
DOUGLAS DYNAMICS INC COM 9,778 -2,031 (17.2) 394,121
INTL FCSTONE INC COM 9,775 36 .37 540,651
DESTINATION XL GROUP INC COM 9,770 37 .38 1,839,832
HOME LN SERVICING SOLUTIONS LT ORD SHS 9,678 373 4.01 488,796
U S PHYSICAL THERAPY INC COM 9,528 256 2.76 244,486
SPOK HLDGS INC COM 9,421 56 .60 585,147
MVC CAPITAL INC COM 9,259 2,520 37.40 831,913
NATURAL GAS SERVICES GROUP COM 9,057 34 .38 367,878
HACKETT GROUP INC COM 8,905 48 .54 991,600
HORACE MANN EDUCATORS CORP NEW COM 8,493 77 .91 274,140
CARMIKE CINEMAS INC COM 8,482 -361 (4.08) 282,529
UNITED FINL BANCORP INC NEW COM 8,379 64 .78 594,661
ROUSE PPTYS INC COM 8,062 60 .75 442,701