PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 179
New Positions 6
Increased Positions 54
Decreased Positions 90
Positions with Activity 144
Sold Out Positions 6
Total Mkt Value (in $ millions) 715

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

Sector Weighting

Basic Materials 0.81%
Capital Goods 5.09%
Conglomerates
Consumer Cyclical 7.61%
Consumer/Non-Cyclical 3.79%
Energy 2.46%
Financial 32.71%
Healthcare 5.78%
Services 29.36%
Technology 9.4%
Transportation 1.27%
Utilities 0.73%

54 INCREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
BLOCK H & R INC COM 2,472 2,472 New 88,390
CINEDIGM CORP COM 1,084 1,084 New 420,000
MCG CAPITAL CORP COM 1,337 1,337 New 376,519
SILVERCREST ASSET MGMT GROUP I CL A 1,790 1,790 New 101,801
THESTREET INC COM 1,839 1,839 New 710,185
TRANSCAT INC COM 238 238 New 25,829
COHEN & STEERS INFRASTRUCTURE COM 7,364 5 .07 330,069
SIMULATIONS PLUS INC COM 4,284 15 .34 703,424
BLACKROCK INTL GRWTH & INC TR COM BENE INTER 6,674 34 .51 830,050
ISHARES 1-3 YR TR BD ETF 591 8 1.45 6,995
ISHARES S&P 500 GRWT ETF 15,198 257 1.72 152,530
HONG KONG TELEVISION NETWK LTD SPONSORED ADR 3,788 66 1.79 655,340
NUVEEN INTER DURATION MN TMFD COM 2,801 57 2.08 231,716
SELECT INCOME REIT COM SH BEN INT 5,595 115 2.10 182,364
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 633 13 2.11 31,905
U S PHYSICAL THERAPY INC COM 7,293 167 2.35 228,845
ALTISOURCE RESIDENTIAL CORP CL B 3,665 88 2.46 130,607
REDWOOD TR INC COM 4,493 110 2.50 210,856
SOLAR CAP LTD COM 3,678 91 2.53 165,906
PUTNAM PREMIER INCOME TR SH BEN INT 4,960 124 2.57 888,941