PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 179
New Positions 6
Increased Positions 54
Decreased Positions 90
Positions with Activity 144
Sold Out Positions 5
Total Mkt Value (in $ millions) 736

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

Sector Weighting

Basic Materials 0.74%
Capital Goods 4.86%
Conglomerates
Consumer Cyclical 7.88%
Consumer/Non-Cyclical 3.58%
Energy 2.37%
Financial 32.82%
Healthcare 5.62%
Services 29.89%
Technology 9.09%
Transportation 1.44%
Utilities 0.72%

54 INCREASED Positions as of 03/31/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ALTISOURCE RESIDENTIAL CORP CL B 3,244 78 2.46 130,607
ARES COML REAL ESTATE CORP COM 4,190 3,570 575.85 335,220
BARRETT BUSINESS SERVICES INC COM 2,067 1,306 171.43 38,000
BLACKROCK INTL GRWTH & INC TR COM BENE INTER 6,898 35 .51 830,050
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 620 13 2.11 31,905
BLACKROCK RES & COMM STRAT TR SHS 9,377 4,116 78.22 751,365
BLACKSTONE MTG TR INC COM CL A 3,304 86 2.66 114,677
BLOCK H & R INC COM 2,843 2,843 New 88,390
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,580 355 6.80 467,730
CASCADE MICROTECH INC COM 3,764 1,079 40.19 281,715
CENTURYLINK INC COM 6,637 199 3.10 181,836
CINEDIGM CORP COM 987 987 New 420,000
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 4,899 246 5.29 378,886
COHEN & STEERS INFRASTRUCTURE COM 7,892 5 .07 330,069
CORENERGY INFRASTRUCTURE TR IN COM 5,501 569 11.54 706,153
COURIER CORP COM 3,044 756 33.05 218,205
DICE HLDGS INC COM 3,136 507 19.30 406,257
DOUGLAS DYNAMICS INC COM 8,901 1,278 16.76 477,273
EATON VANCE ENHANCED EQ INC FD COM 5,316 137 2.65 382,412
ELECTRO RENT CORP COM 3,149 481 18.04 192,841