PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 178
New Positions 7
Increased Positions 102
Decreased Positions 58
Positions with Activity 160
Sold Out Positions 8
Total Mkt Value (in $ millions) 786

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

Sector Weighting

Basic Materials 0.54%
Capital Goods 4.83%
Conglomerates
Consumer Cyclical 8.7%
Consumer/Non-Cyclical 3.63%
Energy 1.38%
Financial 34.6%
Healthcare 5.45%
Services 26.83%
Technology 9.73%
Transportation 1.82%
Utilities 0.51%

102 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CHEROKEE INC DEL NEW COM 5,546 189 3.53 298,805
PHOTRONICS INC COM 5,538 165 3.07 653,064
CLOUGH GLOBAL EQUITY FD COM 5,533 629 12.83 363,528
MAGELLAN HEALTH INC COM NEW 5,516 198 3.73 86,289
SP PLUS CORP COM 5,395 1,291 31.44 251,651
MADDEN STEVEN LTD COM 5,154 191 3.84 144,708
NUVEEN PFD & INCOME TERM FD COM 5,109 90 1.80 216,133
BLACKSTONE MTG TR INC COM CL A 5,062 115 2.33 177,553
A H BELO CORP COM CL A 5,018 69 1.39 570,882
PUTNAM PREMIER INCOME TR SH BEN INT 4,892 109 2.29 921,287
MCG CAPITAL CORP COM 4,866 1,345 38.19 1,219,534
SYNTEL INC COM 4,813 186 4.02 95,929
ASCENT CAP GROUP INC COM SER A 4,745 169 3.70 111,464
CENTURYLINK INC COM 4,527 44 .98 125,302
NEUBERGER BERMAN RE ES SEC FD COM 4,457 70 1.60 825,365
INVENTURE FOODS INC COM 4,353 127 3.00 412,185
CASCADE MICROTECH INC COM 4,304 682 18.82 349,900
ALTISOURCE RESIDENTIAL CORP CL B 4,284 46 1.09 204,875
ARES COML REAL ESTATE CORP COM 4,252 240 5.97 358,200
REDWOOD TR INC COM 4,181 60 1.45 220,175