PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 214
New Positions 12
Increased Positions 99
Decreased Positions 91
Positions with Activity 190
Sold Out Positions 41
Total Mkt Value (in $ millions) 707

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

Sector Weighting

Basic Materials 0.7%
Capital Goods 4.98%
Conglomerates
Consumer Cyclical 7.74%
Consumer/Non-Cyclical 3.98%
Energy 2.91%
Financial 31.01%
Healthcare 5.85%
Services 29.73%
Technology 10.37%
Transportation 0.98%
Utilities 0.8%

214 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
REPUBLIC SVCS INC COM 2,477 -34 (1.36) 72,693
UNITED TECHNOLOGIES CORP COM 2,473 -37 (1.49) 21,705
COURIER CORP COM 2,462 New 164,000
ACCENTURE PLC IRELAND SHS CLASS A 2,453 -41 (1.64) 31,821
NOVARTIS A G SPONSORED ADR 2,427 -40 (1.6) 29,357
ZIX CORP COM 2,401 35 1.47 600,217
DICE HLDGS INC COM 2,370 332 16.30 340,530
ELLIE MAE INC COM 2,369 -262 (9.95) 98,700
NCR CORP NEW COM 2,311 -28 (1.19) 69,364
TARGET CORP COM 2,240 -29 (1.28) 38,029
COCA COLA CO COM 2,170 New 56,180
VERIZON COMMUNICATIONS INC COM 2,114 -27 (1.24) 44,905
HALLMARK FINL SVCS INC EC COM NEW 2,092 5 .22 258,575
JMP GROUP INC COM 2,005 -295 (12.84) 321,264
HARVARD BIOSCIENCE INC COM 1,981 New 457,551
ROYCE VALUE TR INC COM 1,971 77 4.06 129,508
CASCADE MICROTECH INC COM 1,897 1,166 159.39 200,951
WESTERN UN CO COM 1,869 -22 (1.16) 118,342
ROCKY BRANDS INC COM 1,742 77 4.65 120,436
SHILOH INDS INC COM 1,712 -190 (9.97) 94,300