PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 178
New Positions 7
Increased Positions 102
Decreased Positions 58
Positions with Activity 160
Sold Out Positions 8
Total Mkt Value (in $ millions) 794

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

Sector Weighting

Basic Materials 0.57%
Capital Goods 4.72%
Conglomerates
Consumer Cyclical 8.75%
Consumer/Non-Cyclical 3.75%
Energy 1.36%
Financial 34.01%
Healthcare 5.64%
Services 27.33%
Technology 9.64%
Transportation 1.85%
Utilities 0.49%

178 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
LRAD CORP COM 715 248 53.15 310,900
TRANSCAT INC COM 700 81 13.00 73,000
UROPLASTY INC COM NEW 676 204 43.25 520,000
ROYCE GLOBAL VALUE TR INC COM 661 527 393.46 82,507
ENTEGRA FINL CORP COM 617 617 New 40,100
INTERNET PATENTS CORP COM 471 -85 (15.27) 175,634
DAWSON GEOPHYSICAL CO NEW COM 464 -1,208 (72.26) 105,588
VANGUARD INDEX FDS GROWTH ETF 386 New 3,597
CINEDIGM CORP COM 364 -405 (52.65) 232,000
ISHARES TR 1-3 YR TR BD ETF 250 -22 (7.96) 2,950
AROTECH CORP COM NEW -790 Sold Out 0
BARRETT BUSINESS SERVICES INC COM -5,145 Sold Out 0
CALAMOS STRATEGIC TOTL RETN FD COM SH BEN INT -2,901 Sold Out 0
HONG KONG TELEVISION NETWK LTD SPONSORED ADR -4,825 Sold Out 0
HOUSTON WIRE & CABLE CO COM -980 Sold Out 0
HUTCHINSON TECHNOLOGY INC COM -27 Sold Out 0
JMP GROUP LLC COM -2,773 Sold Out 0
THE ADT CORPORATION COM -1,517 Sold Out 0