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) 800

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

Sector Weighting

Basic Materials 0.66%
Capital Goods 4.59%
Conglomerates
Consumer Cyclical 9.28%
Consumer/Non-Cyclical 3.57%
Energy 1.65%
Financial 33.26%
Healthcare 5.59%
Services 26.26%
Technology 9.63%
Transportation 1.85%
Utilities 0.29%

93 INCREASED Positions as of 03/31/2015

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
SILVERCREST ASSET MGMT GROUP I CL A 3,663 237 6.93 236,200
SUPREME INDS INC CL A 3,211 15 .48 405,965
ALTISOURCE RESIDENTIAL CORP CL B 3,908 21 .55 206,001
KIMBALL INTL INC CL B 1,279 1,279 New 125,000
PZENA INVESTMENT MGMT INC CLASS A 16,302 545 3.46 1,716,029
3M CO COM 2,244 239 11.89 14,114
AGILYSYS INC COM 2,516 201 8.70 275,000
ALCENTRA CAP CORP COM 3,231 906 38.97 233,645
AMERCO COM 7,385 29 .39 22,650
ARBOR RLTY TR INC COM 7,510 1,765 30.74 1,072,812
ARC DOCUMENT SOLUTIONS INC COM 7,350 7,350 New 807,717
AWARE INC MASS COM 2,259 259 12.96 548,291
BLACKROCK CAPITAL INVESTMENT C COM 6,133 29 .47 665,941
BLACKSTONE GSO FLTING RTE FUND COM 4,011 993 32.90 231,872
BLOCK H & R INC COM 2,774 20 .71 89,904
BSB BANCORP INC MD COM 3,649 1 .03 173,602
CALAVO GROWERS INC COM 5,217 280 5.66 103,093
CARMIKE CINEMAS INC COM 11,649 576 5.20 387,389
CHEROKEE INC DEL NEW COM 6,880 337 5.14 314,175
CORENERGY INFRASTRUCTURE TR IN COM 8,262 218 2.70 1,211,401