PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 184
New Positions 10
Increased Positions 87
Decreased Positions 72
Positions with Activity 159
Sold Out Positions 11
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 0.64%
Capital Goods 4.99%
Conglomerates
Consumer Cyclical 7.39%
Consumer/Non-Cyclical 3.74%
Energy 2.29%
Financial 33.7%
Healthcare 5.5%
Services 29.3%
Technology 9.64%
Transportation 1.48%
Utilities 0.38%

87 INCREASED Positions as of 06/30/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ACCENTURE PLC IRELAND SHS CLASS A 2,562 15 .60 31,756
AGILYSYS INC COM 3,372 263 8.44 253,000
ALTISOURCE RESIDENTIAL CORP CL B 3,464 27 .78 131,622
ARES COML REAL ESTATE CORP COM 4,221 4 .10 335,552
AWARE INC MASS COM 1,766 321 22.22 266,434
BLACKROCK KELSO CAPITAL CORP COM 1,707 1,707 New 192,443
BLACKROCK RES & COMM STRAT TR SHS 9,453 136 1.46 762,348
BLACKSTONE MTG TR INC COM CL A 3,318 42 1.28 116,144
BLOCK H & R INC COM 2,936 55 1.91 90,075
BOEING CO COM 3,989 11 .29 32,065
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT 5,608 5 .08 468,112
CASCADE MICROTECH INC COM 3,461 193 5.92 298,380
CHEROKEE INC DEL NEW COM 4,750 178 3.89 288,605
CINEDIGM CORP COM 1,250 179 16.67 490,000
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF ETF 3,430 3,430 New 75,598
CLOUGH GLOBAL EQUITY FD COM 4,996 62 1.25 325,702
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 5,340 472 9.69 415,581
COHEN & STEERS CLOSED END OPPO COM 4,119 79 1.96 302,096
COHEN & STEERS INFRASTRUCTURE COM 8,173 99 1.23 334,121
COURIER CORP COM 3,468 529 18.00 257,475