PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 181
New Positions 11
Increased Positions 93
Decreased Positions 66
Positions with Activity 159
Sold Out Positions 8
Total Mkt Value (in $ millions) 801

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

Sector Weighting

Basic Materials 0.64%
Capital Goods 4.49%
Conglomerates
Consumer Cyclical 9.74%
Consumer/Non-Cyclical 3.53%
Energy 1.58%
Financial 33.26%
Healthcare 5.71%
Services 26.14%
Technology 9.4%
Transportation 1.91%
Utilities 0.26%

93 INCREASED Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
ARC DOCUMENT SOLUTIONS INC COM 6,058 6,058 New 807,717
FIRST NORTHWEST BANCORP COM 559 559 New 45,480
GREEN BRICK PARTNERS INC COM 1,406 1,406 New 144,667
HUTCHINSON TECHNOLOGY INC COM 21 21 New 10,000
KIMBALL INTL INC CL B 1,501 1,501 New 125,000
MALIBU BOATS INC COM CL A 1,420 1,420 New 67,000
NEW SR INVT GROUP INC COM 4,000 4,000 New 250,776
NEWCASTLE INVT CORP NEW COM PAR $0.01 5,644 5,644 New 1,100,110
PERCEPTRON INC COM 1,233 1,233 New 107,000
PFSWEB INC COM NEW 1,559 1,559 New 105,000
RYDEX ETF TRUST GUG S&P500 PU VA 7,251 7,251 New 131,439
RIGNET INC COM 3,088 .01 87,835
BSB BANCORP INC MD COM 3,943 1 .03 173,602
NUVEEN INTER DURATION MN TMFD COM 3,087 7 .24 247,155
EATON VANCE ENHANCED EQ INC FD COM 3,421 12 .34 249,595
ENSTAR GROUP LIMITED SHS 6,230 22 .35 40,564
NUVEEN BUILD AMER BD FD COM 7,304 28 .38 360,524
AMERCO COM 7,515 29 .39 22,650
WASTE MGMT INC DEL COM 3,512 16 .46 70,606
BLACKROCK CAPITAL INVESTMENT C COM 6,313 29 .47 665,941