PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2013

Position Statistics:

Total Positions 172
New Positions 11
Increased Positions 105
Decreased Positions 47
Positions with Activity 152
Sold Out Positions 7
Total Mkt Value
(in $ millions)
600

Sector Weighting

Basic Materials 0.97%
Capital Goods 4.97%
Conglomerates
Consumer Cyclical 5.38%
Consumer/Non-Cyclical 4.44%
Energy 3.32%
Financial 30.71%
Healthcare 6.44%
Services 29.51%
Technology 12.69%
Transportation
Utilities 1.56%

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

172 Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
UNITED INS HLDGS CORP COM 1,873 921 96.77 305,000
NATHANS FAMOUS INC NEW COM 1,862 42 2.31 35,514
3M CO COM 1,618 -33 (2) 14,484
OFFICIAL PMTS HLDGS INC COM 1,608 95 6.31 246,644
THE ADT CORPORATION COM 1,545 1,545 New 36,886
INTERNET PATENTS CORP COM 1,349 165 13.93 369,544
HORIZON TECHNOLOGY FIN CORP COM 1,327 539 68.34 92,000
NATIONAL RESH CORP COM 1,268 New 20,811
FLEXSTEEL INDS INC COM 1,211 1,211 New 54,570
ITT CORP NEW COM NEW 1,188 27 2.31 38,734
UFP TECHNOLOGIES INC COM 1,143 1,143 New 57,214
DIAMOND HILL INVESTMENT GROUP COM NEW 1,126 1,126 New 13,334
HOUSTON WIRE & CABLE CO COM 1,117 1,117 New 77,000
COMMTOUCH SOFTWARE LTD SHS NEW 1,059 New 359,000
ROYCE MICRO-CAP TR INC COM 1,031 -2,373 (69.73) 92,757
CIFC CORP COM 1,011 New 122,699
MEDTRONIC INC COM 933 27 2.98 18,706
FURNITURE BRANDS INTL INC COM 928 128 16.01 936,900
ECOLAB INC COM 705 New 8,000
IEC ELECTRS CORP NEW COM 701 701 New 167,000