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) 729

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

Sector Weighting

Basic Materials 0.65%
Capital Goods 4.83%
Conglomerates
Consumer Cyclical 7.22%
Consumer/Non-Cyclical 3.72%
Energy 2.33%
Financial 33.63%
Healthcare 5.49%
Services 29.49%
Technology 9.83%
Transportation 1.45%
Utilities 0.38%

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 4,549 2 .04 58,517
HERITAGE FINL GROUP INC COM 1,220 2 .17 60,100
GSI GROUP INC CDA NEW COM NEW 4,330 3 .06 372,972
WELLPOINT INC COM 3,131 3 .08 27,837
JPMORGAN CHASE & CO COM 3,963 3 .07 67,277
MICROSOFT CORP COM 3,843 3 .07 88,189
HACKETT GROUP INC COM 6,066 3 .05 986,281
ARES COML REAL ESTATE CORP COM 4,097 4 .10 335,552
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,533 5 .08 468,112
EXXON MOBIL CORP COM 3,221 5 .14 31,195
REDWOOD TR INC COM 4,062 5 .13 211,121
THE ADT CORPORATION COM 1,293 6 .44 37,181
NCR CORP NEW COM 2,207 8 .34 68,894
NUVEEN INTER DURATION MN TMFD COM 2,888 8 .29 232,381
DST SYS INC DEL COM 3,733 8 .22 40,409
JOHNSON & JOHNSON COM 3,819 10 .27 37,328
VERIZON COMMUNICATIONS INC COM 2,311 10 .45 44,646
BOEING CO COM 3,921 11 .29 32,065
HORMEL FOODS CORP COM 3,828 12 .31 82,771
OTTER TAIL CORP COM 2,750 12 .44 97,542