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) 804

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

Sector Weighting

Basic Materials 0.53%
Capital Goods 4.68%
Conglomerates
Consumer Cyclical 9.13%
Consumer/Non-Cyclical 3.7%
Energy 1.65%
Financial 34.23%
Healthcare 5.66%
Services 26.62%
Technology 9.47%
Transportation 1.84%
Utilities 0.48%

178 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
WEST MARINE INC COM 1,676 New 170,500
STONECASTLE FINL CORP COM 1,594 1,594 New 89,326
ITT CORP NEW COM NEW 1,534 17 1.11 37,571
DIAMOND HILL INVESTMENT GROUP COM NEW 1,417 New 8,400
NATHANS FAMOUS INC NEW COM 1,397 -407 (22.56) 30,200
CIFC CORP COM 1,267 -1 (0.12) 169,800
FIRST BANK WILLIAMSTOWN NJ COM 1,260 209 19.93 211,821
HARVEST CAP CR CORP COM 1,233 1,233 New 87,906
EXA CORP COM 1,196 1,196 New 106,959
HALLMARK FINL SVCS INC EC COM NEW 1,187 -557 (31.95) 105,194
DATAWATCH CORP COM NEW 1,163 -415 (26.3) 155,538
LIFETIME BRANDS INC COM 1,105 New 69,875
SUPERIOR UNIFORM GP INC COM 1,097 22 2 51,000
ALTISOURCE PORTFOLIO SOLNS SA REG SHS 1,048 37 3.66 60,274
FIRST SEC GROUP INC COM NEW 919 919 New 375,282
FARMERS NATL BANC CORP COM 821 254 44.80 101,361
ROYCE MICRO-CAP TR INC COM 804 -54 (6.32) 83,094
HARVARD APPARATUS REGENER TECH COM 780 New 237,162
JOURNAL MEDIA GROUP INC COM 763 26 3.54 80,042
LRAD CORP COM 752 261 53.15 310,900