PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 214
New Positions 12
Increased Positions 99
Decreased Positions 91
Positions with Activity 190
Sold Out Positions 41
Total Mkt Value (in $ millions) 717

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

Sector Weighting

Basic Materials 0.72%
Capital Goods 4.95%
Conglomerates
Consumer Cyclical 7.66%
Consumer/Non-Cyclical 4.01%
Energy 2.91%
Financial 31.11%
Healthcare 5.88%
Services 29.66%
Technology 10.35%
Transportation 1%
Utilities 0.81%

99 INCREASED Positions as of 12/31/2013

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
JOURNAL COMMUNICATIONS INC CL A 6,958 372 5.65 844,371
LITHIA MTRS INC CL A 9,439 1,212 14.73 139,812
SUPREME INDS INC CL A 156 156 New 17,633
SCRIPPS E W CO OHIO CL A NEW 5,342 681 14.60 318,713
ALTISOURCE RESIDENTIAL CORP CL B 3,674 109 3.07 127,468
PZENA INVESTMENT MGMT INC CLASS A 16,304 31 .19 1,399,484
ACCELRYS INC COM 4,304 555 14.82 344,575
ACTUATE CORP COM 5,844 368 6.72 1,011,005
AGILYSYS INC COM 2,872 1,430 99.24 233,300
ALAMO GROUP INC COM 3,971 523 15.17 71,235
ARES COML REAL ESTATE CORP COM 640 640 New 49,600
AWARE INC MASS COM 1,221 142 13.20 218,000
AXCELIS TECHNOLOGIES INC COM 948 948 New 499,000
BSB BANCORP INC MD COM 2,802 6 .21 164,230
CALAVO GROWERS INC COM 3,921 517 15.20 114,181
CALLAWAY GOLF CO COM 10,085 3,905 63.20 1,080,875
CARMIKE CINEMAS INC COM 13,148 709 5.70 436,950
CASCADE MICROTECH INC COM 1,937 1,190 159.39 200,951
CENTURYLINK INC COM 6,127 334 5.77 176,377
CHEROKEE INC DEL NEW COM 3,639 698 23.74 277,805