PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 214
New Positions 12
Increased Positions 99
Decreased Positions 91
Positions with Activity 190
Sold Out Positions 41
Total Mkt Value (in $ millions) 721

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

Sector Weighting

Basic Materials 0.72%
Capital Goods 4.94%
Conglomerates
Consumer Cyclical 7.66%
Consumer/Non-Cyclical 3.97%
Energy 2.93%
Financial 31.04%
Healthcare 5.94%
Services 29.74%
Technology 10.32%
Transportation 1%
Utilities 0.8%

99 INCREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
PZENA INVESTMENT MGMT INC CLASS A 16,416 31 .19 1,399,484
FRANKLIN COVEY CO COM 14,326 1,093 8.26 695,120
CARMIKE CINEMAS INC COM 13,519 729 5.70 436,950
NATURAL GAS SERVICES GROUP COM 12,552 1,508 13.66 395,456
NAUTILUS INC COM 11,200 1,570 16.30 1,339,675
INTL FCSTONE INC COM 10,411 974 10.32 554,637
DESTINATION XL GROUP INC COM 10,262 787 8.31 1,869,130
CALLAWAY GOLF CO COM 10,236 3,964 63.20 1,080,875
USA MOBILITY INC COM 10,233 1,040 11.32 596,001
LITHIA MTRS INC CL A 9,558 1,227 14.73 139,812
HOME LN SERVICING SOLUTIONS LT ORD SHS 9,434 331 3.64 425,932
FIVE STAR QUALITY CARE INC COM 9,137 657 7.74 1,777,685
J & J SNACK FOODS CORP COM 8,764 1,154 15.16 90,394
ROCKVILLE FINL INC NEW COM 8,241 1,575 23.62 612,240
MADISON CVRED CALL & EQ STR FD COM 8,090 393 5.11 977,010
A H BELO CORP COM CL A 7,917 1,288 19.42 727,700
ASCENT CAP GROUP INC COM SER A 7,851 1,003 14.65 111,605
ALTISOURCE PORTFOLIO SOLNS SA REG SHS 7,665 153 2.04 65,495
TRUEBLUE INC COM 7,661 961 14.34 275,683
GENTHERM INC COM 7,344 979 15.38 204,840