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) 783

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

Sector Weighting

Basic Materials 0.54%
Capital Goods 4.68%
Conglomerates
Consumer Cyclical 8.68%
Consumer/Non-Cyclical 3.65%
Energy 1.4%
Financial 34.59%
Healthcare 5.39%
Services 27%
Technology 9.75%
Transportation 1.85%
Utilities 0.51%

178 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MESA LABS INC COM 1,785 New 24,856
TANDY LEATHER FACTORY INC COM 1,766 392 28.49 196,210
ELECTRO RENT CORP COM 1,680 -268 (13.77) 166,799
ITT CORP NEW COM NEW 1,563 17 1.11 37,571
CULP INC COM 1,407 493 53.99 67,600
CIFC CORP COM 1,309 -2 (0.12) 169,800
FIRST BANK WILLIAMSTOWN NJ COM 1,279 213 19.93 211,821
DIAMOND HILL INVESTMENT GROUP COM NEW 1,205 New 8,400
HALLMARK FINL SVCS INC EC COM NEW 1,131 -531 (31.95) 105,194
ALTISOURCE PORTFOLIO SOLNS SA REG SHS 1,130 40 3.66 60,274
HARVEST CAP CR CORP COM 1,108 1,108 New 87,906
EXA CORP COM 1,108 1,108 New 106,959
LIFETIME BRANDS INC COM 1,094 New 69,875
HARVARD APPARATUS REGENER TECH COM 968 New 237,162
DATAWATCH CORP COM NEW 961 -343 (26.3) 155,538
SUPERIOR UNIFORM GP INC COM 946 19 2 51,000
FIRST SEC GROUP INC COM NEW 837 837 New 375,282
ROYCE MICRO-CAP TR INC COM 831 -56 (6.32) 83,094
FARMERS NATL BANC CORP COM 813 252 44.80 101,361
LRAD CORP COM 796 276 53.15 310,900