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) 729

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

Sector Weighting

Basic Materials 0.65%
Capital Goods 4.83%
Conglomerates
Consumer Cyclical 7.22%
Consumer/Non-Cyclical 3.72%
Energy 2.33%
Financial 33.63%
Healthcare 5.49%
Services 29.49%
Technology 9.83%
Transportation 1.45%
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
LRAD CORP COM 305 305 New 157,200
SUPERIOR UNIFORM GP INC COM 376 376 New 18,501
TANDY LEATHER FACTORY INC COM 571 571 New 60,820
TRANSCAT INC COM 600 346 136.17 61,000
IMAGE SENSING SYS INC COM 654 328 100.40 228,000
UROPLASTY INC COM NEW 769 769 New 315,000
CINEDIGM CORP COM 1,142 163 16.67 490,000
AWARE INC MASS COM 1,188 216 22.22 266,434
LIFETIME BRANDS INC COM 1,189 1,189 New 69,875
HERITAGE FINL GROUP INC COM 1,220 2 .17 60,100
THE ADT CORPORATION COM 1,293 6 .44 37,181
BLACKROCK KELSO CAPITAL CORP COM 1,719 1,719 New 192,443
NATHANS FAMOUS INC NEW COM 1,725 240 16.14 34,261
ITT CORP NEW COM NEW 1,747 16 .91 37,038
INVESTORS TITLE CO COM 1,901 854 81.51 26,500
JMP GROUP INC COM 1,971 160 8.82 283,581
SUPREME INDS INC CL A 2,015 1,287 176.58 279,900
SILVERCREST ASSET MGMT GROUP I CL A 2,150 466 27.70 130,000
NCR CORP NEW COM 2,207 8 .34 68,894
SHILOH INDS INC COM 2,224 224 11.21 130,000