PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

7701 FRANCE AVE. SOUTH, EDINA, Minnesota, 55435, (952) 224-4350

Report Date: 03/31/2016

Position Statistics

Total Positions 276
New Positions 2
Increased Positions 74
Decreased Positions 185
Positions with Activity 259
Sold Out Positions 110
Total Mkt Value (in $ millions) 808

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

Sector Weighting

Basic Materials 0.9%
Capital Goods 5.83%
Conglomerates
Consumer Cyclical 7.39%
Consumer/Non-Cyclical 4.16%
Energy 1.48%
Financial 33.76%
Healthcare 2.82%
Services 23.5%
Technology 10.75%
Transportation 1.9%
Utilities 0%

74 INCREASED Positions as of 03/31/2016

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
A H BELO CORP COM CL A 5,166 328 6.79 1,067,388
AGILYSYS INC COM 2,598 978 60.38 255,000
ALCENTRA CAP CORP COM 3,447 38 1.12 283,478
ARBOR RLTY TR INC COM 9,195 15 .16 1,370,379
ARC DOCUMENT SOLUTIONS INC COM 3,883 1,085 38.77 1,013,829
ASTRONOVA INC COM 798 17 2.13 52,700
ATLANTIC CAP BANCSHARES INC COM 1,770 491 38.35 131,335
AWARE INC MASS COM 3,498 274 8.48 853,220
BERKSHIRE HATHAWAY INC DEL CL B NEW 4,830 4,830 New 34,877
BLACKROCK RES & COMM STRAT TR SHS 2,275 129 6.01 310,786
BLACKSTONE GSO FLTING RTE FUND COM 7,868 59 .76 501,147
BLACKSTONE GSO STRATEGIC CR FD COM SHS BEN IN 6,759 278 4.29 482,069
BLACKSTONE MTG TR INC COM CL A 5,394 27 .50 201,713
BSB BANCORP INC MD COM 3,411 5 .14 153,498
CALAMOS DYNAMIC CONV & INCOME COM 8,323 4,233 103.48 472,603
CAPITAL SOUTHWEST CORP COM 16,457 5,448 49.49 1,191,701
CECO ENVIRONMENTAL CORP COM 6,373 1,509 31.01 755,934
CENTURYLINK INC COM 5,230 2,456 88.51 195,022
CHEROKEE INC DEL NEW COM 3,400 193 6.02 303,320
CHIMERA INVT CORP COM NEW 6,870 236 3.56 440,975