PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2013

Position Statistics:

Total Positions 172
New Positions 11
Increased Positions 105
Decreased Positions 47
Positions with Activity 152
Sold Out Positions 7
Total Mkt Value
(in $ millions)
600

Sector Weighting

Basic Materials 0.97%
Capital Goods 4.97%
Conglomerates
Consumer Cyclical 5.38%
Consumer/Non-Cyclical 4.44%
Energy 3.32%
Financial 30.71%
Healthcare 6.44%
Services 29.51%
Technology 12.69%
Transportation
Utilities 1.56%

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

105 INCREASED Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
U S PHYSICAL THERAPY INC COM 5,664 195 3.57 208,156
DOUGLAS DYNAMICS INC COM 5,369 2,777 107.16 373,887
DAWSON GEOPHYSICAL CO COM 5,356 82 1.55 140,990
SYNERON MEDICAL LTD ORD SHS 5,281 82 1.59 593,326
ROUSE PPTYS INC COM 5,108 80 1.59 233,757
EATON VANCE ENHANCED EQ INC FD COM 5,041 63 1.27 408,816
CLOUGH GLOBAL EQUITY FD COM 5,038 115 2.35 325,057
STANDARD PARKING CORP COM 4,909 90 1.87 215,400
MATERIAL SCIENCES CORP COM 4,690 184 4.09 470,915
ROCKVILLE FINL INC NEW COM 4,641 986 26.97 349,185
A H BELO CORP COM CL A 4,608 123 2.75 687,794
HACKETT GROUP INC COM 4,575 336 7.93 939,518
BLACKROCK RES & COMM STRAT TR SHS 4,536 9 .20 348,084
PROCTER & GAMBLE CO COM 4,503 34 .77 56,930
SELECT INCOME REIT COM SH BEN INT 4,386 982 28.84 155,109
INVENTURE FOODS INC COM 4,383 268 6.52 573,700
MADDEN STEVEN LTD COM 4,252 78 1.88 87,529
ENSTAR GROUP LIMITED SHS 4,204 103 2.51 31,991
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 4,203 52 1.24 311,068
HONG KONG TELEVISION NETWK LTD SPONSORED ADR 4,202 31 .74 573,980

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