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 183
New Positions 10
Increased Positions 87
Decreased Positions 71
Positions with Activity 158
Sold Out Positions 10
Total Mkt Value (in $ millions) 734

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

Sector Weighting

Basic Materials 0.62%
Capital Goods 5.01%
Conglomerates
Consumer Cyclical 7.9%
Consumer/Non-Cyclical 4.11%
Energy 2.06%
Financial 33.27%
Healthcare 5.31%
Services 29.14%
Technology 9.83%
Transportation 1.42%
Utilities 0.37%

87 INCREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▲ Change in Value ($1,000s) Change (%) Shares Held
SUPERIOR UNIFORM GP INC COM 390 390 New 18,501
LRAD CORP COM 454 454 New 157,200
TRANSCAT INC COM 569 328 136.17 61,000
TANDY LEATHER FACTORY INC COM 578 578 New 60,820
UROPLASTY INC COM NEW 822 822 New 315,000
IMAGE SENSING SYS INC COM 912 457 100.40 228,000
CINEDIGM CORP COM 980 140 16.67 490,000
AWARE INC MASS COM 1,095 199 22.22 266,434
LIFETIME BRANDS INC COM 1,133 1,133 New 69,875
HERITAGE FINL GROUP INC COM 1,215 2 .17 60,100
THE ADT CORPORATION COM 1,389 6 .44 37,181
BLACKROCK KELSO CAPITAL CORP COM 1,719 1,719 New 192,443
ITT CORP NEW COM NEW 1,784 16 .91 37,038
JMP GROUP INC COM 1,891 153 8.82 283,581
INVESTORS TITLE CO COM 1,913 859 81.51 26,500
SILVERCREST ASSET MGMT GROUP I CL A 1,957 424 27.70 130,000
NATHANS FAMOUS INC NEW COM 2,056 286 16.14 34,261
SUPREME INDS INC CL A 2,141 1,367 176.58 279,900
ROYCE VALUE TR INC COM 2,195 115 5.52 142,363
VERIZON COMMUNICATIONS INC COM 2,218 10 .45 44,646