PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

7701 FRANCE AVE. SOUTH, EDINA, Minnesota, 55435, (952) 224-4350

Report Date: 12/31/2016

Position Statistics

Total Positions 187
New Positions 12
Increased Positions 111
Decreased Positions 60
Positions with Activity 171
Sold Out Positions 7
Total Mkt Value (in $ millions) 1,021

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

Sector Weighting

Energy 2.63%
Basic Materials 2.35%
Industrials 18.61%
Consumer Cyclicals 12.35%
Consumer Non-Cyclicals 3.67%
Financials 42.7%
Healthcare 4.87%
Technology 9.77%
Telecommunication Services 2.68%
Utilities

60 DECREASED Positions as of 12/31/2016

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPOK HLDGS INC COM 16,844 -1,012 (5.67) 886,512
INTL FCSTONE INC COM 16,156 -12 (0.07) 441,299
DOUGLAS DYNAMICS INC COM 15,850 -1,105 (6.52) 469,626
RYDEX ETF TRUST GUG S&P500 PU VA 12,867 -46 (0.35) 210,873
ISHARES TR 1-3 YR TR BD ETF 12,510 -1,557 (11.07) 147,990
CALLAWAY GOLF CO COM 12,472 -116 (0.92) 1,185,572
MALIBU BOATS INC COM CL A 11,762 -855 (6.78) 560,364
DRIVE SHACK INC COM 10,905 -5,109 (31.9) 2,512,777
GREEN BRICK PARTNERS INC COM 10,643 -698 (6.15) 1,114,465
NATURAL GAS SERVICES GROUP COM 9,402 -22 (0.23) 336,385
TRUEBLUE INC COM 8,543 -428 (4.77) 328,559
FIRST BUS FINL SVCS INC WIS COM 8,017 -2,428 (23.24) 311,696
CHIMERA INVT CORP COM NEW 7,876 -620 (7.3) 417,605
FRANKLIN COVEY CO COM 7,298 -485 (6.24) 411,135
JPMORGAN CHASE & CO COM 6,945 -915 (11.65) 76,313
KIMBALL INTL INC CL B 6,174 -1,314 (17.54) 366,600
U S PHYSICAL THERAPY INC COM 6,131 -19 (0.32) 80,570
BERKSHIRE HATHAWAY INC DEL CL B NEW 6,025 -10 (0.17) 35,668
SP PLUS CORP COM 5,845 -907 (13.43) 206,919
WASTE MGMT INC DEL COM 5,765 -5 (0.09) 79,167