PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 183
New Positions 10
Increased Positions 87
Decreased Positions 71
Positions with Activity 158
Sold Out Positions 10
Total Mkt Value (in $ millions) 728

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

Sector Weighting

Basic Materials 0.61%
Capital Goods 4.98%
Conglomerates
Consumer Cyclical 7.81%
Consumer/Non-Cyclical 4.06%
Energy 2.09%
Financial 33.32%
Healthcare 5.42%
Services 29.16%
Technology 9.81%
Transportation 1.41%
Utilities 0.37%

87 INCREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
JOURNAL COMMUNICATIONS INC CL A 12,490 2,198 21.35 1,216,133
HOME LN SERVICING SOLUTIONS LT ORD SHS 10,461 100 .97 469,933
BLACKROCK RES & COMM STRAT TR SHS 8,904 128 1.46 762,348
U S PHYSICAL THERAPY INC COM 8,456 323 3.97 237,922
TECHTARGET INC COM 8,284 3,359 68.21 968,875
HORACE MANN EDUCATORS CORP NEW COM 7,914 1,410 21.68 271,662
COHEN & STEERS INFRASTRUCTURE COM 7,905 96 1.23 334,121
MVC CAPITAL INC COM 7,175 7,175 New 605,459
MONOTYPE IMAGING HOLDINGS INC COM 6,991 1,608 29.86 246,078
NUVEEN BUILD AMER BD FD COM 6,980 106 1.54 346,043
GDL FUND COM SH BEN IT 6,967 127 1.85 658,472
REIS INC COM 6,171 460 8.06 267,474
HACKETT GROUP INC COM 5,987 3 .05 986,281
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 5,645 97 1.74 83,719
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,542 5 .08 468,112
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 5,166 456 9.69 415,581
EATON VANCE TAX ADVT DIV INCM COM 5,148 89 1.76 253,860
CHEROKEE INC DEL NEW COM 5,051 189 3.89 288,605
PUTNAM PREMIER INCOME TR SH BEN INT 4,933 27 .54 893,745
CLOUGH GLOBAL EQUITY FD COM 4,820 59 1.25 325,702