PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 182
New Positions 9
Increased Positions 85
Decreased Positions 70
Positions with Activity 155
Sold Out Positions 8
Total Mkt Value (in $ millions) 711

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

Sector Weighting

Basic Materials 0.68%
Capital Goods 4.56%
Conglomerates
Consumer Cyclical 7.97%
Consumer/Non-Cyclical 3.99%
Energy 1.96%
Financial 34.37%
Healthcare 5.29%
Services 28.28%
Technology 9.41%
Transportation 1.63%
Utilities 0.49%

85 INCREASED Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BLACKSTONE MTG TR INC COM CL A 4,753 1,572 49.40 173,519
BLACKROCK KELSO CAPITAL CORP COM 4,743 3,103 189.25 556,636
MAGELLAN HEALTH INC COM NEW 4,623 34 .73 83,186
HONG KONG TELEVISION NETWK LTD SPONSORED ADR 4,529 25 .56 657,380
MADDEN STEVEN LTD COM 4,451 22 .51 139,357
ARES COML REAL ESTATE CORP COM 3,992 29 .73 338,015
FIRST BUS FINL SVCS INC WIS COM 3,841 .00 82,598
SP PLUS CORP COM 3,841 27 .71 191,457
REDWOOD TR INC COM 3,818 104 2.80 217,028
SYNTEL INC COM 3,779 27 .71 46,110
SOLAR CAP LTD COM 3,720 216 6.16 203,054
OTTER TAIL CORP COM 3,456 658 23.53 120,498
RIGNET INC COM 3,452 28 .83 84,345
COURIER CORP COM 3,376 .01 257,489
CINCINNATI BELL INC NEW COM 3,318 33 1.00 981,584
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF ETF 3,253 5 .16 75,720
THESTREET INC COM 3,225 135 4.36 1,465,700
WELLPOINT INC COM 3,218 17 .53 27,985
BSB BANCORP INC MD COM 3,144 150 5.02 172,479
NUVEEN INTER DURATION MN TMFD COM 3,075 161 5.52 245,217