PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 180
New Positions 9
Increased Positions 85
Decreased Positions 68
Positions with Activity 153
Sold Out Positions 8
Total Mkt Value (in $ millions) 737

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

Sector Weighting

Basic Materials 0.6%
Capital Goods 4.54%
Conglomerates
Consumer Cyclical 8.37%
Consumer/Non-Cyclical 3.98%
Energy 1.48%
Financial 32.88%
Healthcare 5.24%
Services 29.37%
Technology 9.9%
Transportation 1.74%
Utilities 0.52%

180 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
FLEXSTEEL INDS INC COM 2,710 New 84,000
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 2,689 2,017 300.40 127,746
JMP GROUP LLC COM 2,677 391 17.11 332,100
DEERE & CO COM 2,646 -7 (0.25) 29,953
UNITED TECHNOLOGIES CORP COM 2,574 -5 (0.19) 21,452
ELECTRO RENT CORP COM 2,536 -126 (4.75) 193,429
COCA COLA CO COM 2,425 New 56,000
TGC INDS INC COM NEW 2,364 -43 (1.77) 1,141,994
HERITAGE FINL GROUP INC COM 2,299 838 57.31 94,542
UFP TECHNOLOGIES INC COM 2,285 New 99,600
ZIX CORP COM 2,221 New 600,217
SUPREME INDS INC CL A 2,189 New 279,900
SHILOH INDS INC COM 2,142 449 26.54 164,500
VERIZON COMMUNICATIONS INC COM 2,101 -4 (0.2) 44,558
3M CO COM 2,069 New 12,614
WEST MARINE INC COM 2,032 New 170,500
ROYCE VALUE TR INC COM 2,025 14 .72 143,384
INVESTORS TITLE CO COM 1,909 New 26,500
HARVARD BIOSCIENCE INC COM 1,893 -509 (21.18) 360,651
MESA LABS INC COM 1,855 New 24,856