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 184
New Positions 10
Increased Positions 87
Decreased Positions 72
Positions with Activity 159
Sold Out Positions 11
Total Mkt Value (in $ millions) 744

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 5.01%
Conglomerates
Consumer Cyclical 7.71%
Consumer/Non-Cyclical 3.87%
Energy 2.14%
Financial 33.22%
Healthcare 5.4%
Services 29.36%
Technology 9.87%
Transportation 1.47%
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 11,906 2,095 21.35 1,216,133
HOME LN SERVICING SOLUTIONS LT ORD SHS 10,282 99 .97 469,933
BLACKROCK RES & COMM STRAT TR SHS 9,346 135 1.46 762,348
U S PHYSICAL THERAPY INC COM 8,520 325 3.97 237,922
TECHTARGET INC COM 8,342 3,383 68.21 968,875
COHEN & STEERS INFRASTRUCTURE COM 8,176 99 1.23 334,121
HORACE MANN EDUCATORS CORP NEW COM 8,125 1,448 21.68 271,662
MVC CAPITAL INC COM 7,695 7,695 New 605,459
MONOTYPE IMAGING HOLDINGS INC COM 7,227 1,662 29.86 246,078
NUVEEN BUILD AMER BD FD COM 7,156 108 1.54 346,043
GDL FUND COM SH BEN IT 7,079 129 1.85 658,472
REIS INC COM 6,339 473 8.06 267,474
HACKETT GROUP INC COM 6,066 3 .05 986,281
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 6,014 103 1.74 83,719
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,697 5 .08 468,112
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 5,274 466 9.69 415,581
CHEROKEE INC DEL NEW COM 5,235 196 3.89 288,605
EATON VANCE TAX ADVT DIV INCM COM 5,224 90 1.76 253,860
SELECT INCOME REIT COM SH BEN INT 5,127 13 .26 182,841
CLOUGH GLOBAL EQUITY FD COM 4,934 61 1.25 325,702