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) 743

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 5.05%
Conglomerates
Consumer Cyclical 7.66%
Consumer/Non-Cyclical 3.89%
Energy 2.14%
Financial 33.26%
Healthcare 5.42%
Services 29.27%
Technology 9.9%
Transportation 1.46%
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
CVS CAREMARK CORPORATION COM 4,649 2 .04 58,517
HERITAGE FINL GROUP INC COM 1,232 2 .17 60,100
JPMORGAN CHASE & CO COM 4,000 3 .07 67,277
WELLPOINT INC COM 3,243 3 .08 27,837
MICROSOFT CORP COM 4,006 3 .07 88,189
GSI GROUP INC CDA NEW COM NEW 4,782 3 .06 372,972
HACKETT GROUP INC COM 6,184 3 .05 986,281
ARES COML REAL ESTATE CORP COM 4,225 4 .10 335,552
EXXON MOBIL CORP COM 3,103 4 .14 31,195
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,627 5 .08 468,112
REDWOOD TR INC COM 4,089 5 .13 211,121
THE ADT CORPORATION COM 1,370 6 .44 37,181
NCR CORP NEW COM 2,353 8 .34 68,894
NUVEEN INTER DURATION MN TMFD COM 2,914 8 .29 232,381
DST SYS INC DEL COM 3,750 8 .22 40,409
VERIZON COMMUNICATIONS INC COM 2,224 10 .45 44,646
JOHNSON & JOHNSON COM 3,872 10 .27 37,328
BOEING CO COM 4,066 12 .29 32,065
OTTER TAIL CORP COM 2,779 12 .44 97,542
FORD MTR CO DEL COM PAR $0.01 3,515 12 .35 201,915