PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 179
New Positions 6
Increased Positions 54
Decreased Positions 90
Positions with Activity 144
Sold Out Positions 5
Total Mkt Value (in $ millions) 737

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

Sector Weighting

Basic Materials 0.74%
Capital Goods 4.8%
Conglomerates
Consumer Cyclical 7.93%
Consumer/Non-Cyclical 3.62%
Energy 2.36%
Financial 32.76%
Healthcare 5.61%
Services 29.95%
Technology 9.09%
Transportation 1.44%
Utilities 0.72%

54 INCREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
PUTNAM PREMIER INCOME TR SH BEN INT 4,951 124 2.57 888,941
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 4,899 246 5.29 378,886
NUVEEN PFD & INCOME TERM FD COM 4,774 170 3.70 202,021
NEUBERGER BERMAN RE ES SEC FD COM 4,659 138 3.05 927,253
HONG KONG TELEVISION NETWK LTD SPONSORED ADR 4,260 75 1.79 655,340
ARES COML REAL ESTATE CORP COM 4,230 3,605 575.85 335,220
SIMULATIONS PLUS INC COM 4,164 14 .34 703,424
REDWOOD TR INC COM 4,135 101 2.50 210,856
CASCADE MICROTECH INC COM 3,798 1,089 40.19 281,715
SOLAR CAP LTD COM 3,512 87 2.53 165,906
ALTISOURCE RESIDENTIAL CORP CL B 3,367 81 2.46 130,607
BLACKSTONE MTG TR INC COM CL A 3,333 86 2.66 114,677
ELECTRO RENT CORP COM 3,157 482 18.04 192,841
DICE HLDGS INC COM 3,128 506 19.30 406,257
COURIER CORP COM 3,005 746 33.05 218,205
KIRKLANDS INC COM 2,924 1,262 75.89 155,050
BLOCK H & R INC COM 2,908 2,908 New 88,390
NUVEEN INTER DURATION MN TMFD COM 2,896 59 2.08 231,716
OTTER TAIL CORP COM 2,885 75 2.67 97,116
SHILOH INDS INC COM 2,191 424 23.97 116,900