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) 804

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

Sector Weighting

Basic Materials 0.53%
Capital Goods 4.68%
Conglomerates
Consumer Cyclical 9.13%
Consumer/Non-Cyclical 3.7%
Energy 1.65%
Financial 34.23%
Healthcare 5.66%
Services 26.62%
Technology 9.47%
Transportation 1.84%
Utilities 0.48%

102 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
COHEN & STEERS CLOSED END OPPO COM 3,779 2 .06 290,697
COURIER CORP COM 6,381 16 .26 258,151
ITT CORP NEW COM NEW 1,534 17 1.11 37,571
NUVEEN INTER DURATION MN TMFD COM 3,225 18 .55 246,575
SUPERIOR UNIFORM GP INC COM 1,097 22 2 51,000
BSB BANCORP INC MD COM 3,532 22 .62 173,554
JOURNAL MEDIA GROUP INC COM 763 26 3.54 80,042
EATON VANCE ENHANCED EQ INC FD COM 3,433 30 .89 248,740
BLACKROCK RES & COMM STRAT TR SHS 7,264 35 .49 751,217
ALTISOURCE PORTFOLIO SOLNS SA REG SHS 1,048 37 3.66 60,274
CENTURYLINK INC COM 4,345 42 .98 125,302
ALTISOURCE RESIDENTIAL CORP CL B 4,016 43 1.09 204,875
AMERCO COM 7,293 47 .65 22,562
DATALINK CORP COM 5,579 55 .99 488,528
REDWOOD TR INC COM 4,031 58 1.45 220,175
A H BELO CORP COM CL A 4,253 58 1.39 570,882
HOME LN SERVICING SOLUTIONS LT ORD SHS 8,448 60 .72 492,311
NEUBERGER BERMAN RE ES SEC FD COM 4,333 68 1.60 825,365
SOLAR CAP LTD COM 4,160 72 1.77 206,655
OTTER TAIL CORP COM 3,859 79 2.10 123,026