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) 740

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

Sector Weighting

Basic Materials 0.62%
Capital Goods 5.03%
Conglomerates
Consumer Cyclical 7.64%
Consumer/Non-Cyclical 3.87%
Energy 2.12%
Financial 33.12%
Healthcare 5.43%
Services 29.48%
Technology 9.87%
Transportation 1.49%
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
BLACKROCK KELSO CAPITAL CORP COM 1,778 1,778 New 192,443
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF ETF 3,425 3,425 New 75,598
LIFETIME BRANDS INC COM 1,225 1,225 New 69,875
LRAD CORP COM 465 465 New 157,200
MVC CAPITAL INC COM 7,653 7,653 New 605,459
NUVEEN MTG OPPORTUNITY TERM FD COM 2,933 2,933 New 121,492
SUPERIOR UNIFORM GP INC COM 402 402 New 18,501
TANDY LEATHER FACTORY INC COM 578 578 New 60,820
U S G CORP COM NEW 2,742 2,742 New 94,120
UROPLASTY INC COM NEW 873 873 New 315,000
CVS CAREMARK CORPORATION COM 4,622 2 .04 58,517
HACKETT GROUP INC COM 6,125 3 .05 986,281
GSI GROUP INC CDA NEW COM NEW 4,569 3 .06 372,972
JPMORGAN CHASE & CO COM 3,936 3 .07 67,277
MICROSOFT CORP COM 3,988 3 .07 88,189
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,655 5 .08 468,112
WELLPOINT INC COM 3,149 3 .08 27,837
ARES COML REAL ESTATE CORP COM 4,154 4 .10 335,552
REDWOOD TR INC COM 4,104 5 .13 211,121
EXXON MOBIL CORP COM 3,097 4 .14 31,195