PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Name: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.: Form 13F holdings for the quarter ended 2026-06-30
Creator: Listed

An institutional investment manager in EDINA, MN. Its Form 13F for the quarter ended Jun 30, 2026, filed Aug 14, 2026. SEC CIK 1238990.

Share this page

Link

Story card, 1080 × 1920

Reported value$2.02bn
Positions164

Holdings: 164 positions

The filing on sec.gov

As filed, largest first. Reported value is what the manager stated for each position at the quarter end, in US dollars; it is filing data, not a price. Weight is the position's share of the total reported value. Changes compare with the 13F for the quarter ended 2026-03-31.

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC., holdings
Issuer	Class	CUSIP	Reported value$m	Weight	Shares	Change on the quarter before
Stonex Group IncSNEX	COM	861896108	82.2	4.1%	694,090	Reduced−249,489
Arcosa IncACA	COM	039653100	50.5	2.5%	347,540	Reduced−14,786
Universal Technical Inst IncUTI	COM	913915104	46.9	2.3%	1,096,078	Added+19,212
Laureate Ed IncLAUR	COMMON STOCK	518613203	45.0	2.2%	1,240,072	Added+67,191
A10 Networks IncATEN	COM	002121101	44.4	2.2%	1,188,747	Reduced−271,163
Marvell Technology IncMRVL	COM	573874104	42.0	2.1%	140,873	Added+736
Enova International IncENVA	COM	29357K103	39.1	1.9%	162,629	Added+9,157
Radnet IncRDNT	COM	750491102	39.1	1.9%	633,272	Added+37,992
Alphabet IncGOOGL	CAP STK CL A	02079K305	38.5	1.9%	107,628	Added+335
Liquidity SVCS IncLQDT	COM	53635B107	37.3	1.8%	954,735	Added+34,341
Trimas CorpTRS	COM NEW	896215209	36.4	1.8%	807,292	Added+562,573
Siriuspoint Ltd	COM	G8192H106	36.0	1.8%	1,501,976	Added+86,447
Douglas Dynamics IncPLOW	COM	25960R105	35.6	1.8%	659,319	Added+37,474
Royalty Pharma plc	SHS CLASS A	G7709Q104	33.5	1.7%	597,938	Reduced−679
Pricesmart IncPSMT	COM	741511109	33.5	1.7%	171,348	Added+9,155
Cavco Inds Inc DelCVCO	COM	149568107	33.1	1.6%	53,930	Added+2,939
Lendingtree IncTREE	COM	52603B107	32.1	1.6%	725,675	Added+78,637
Green Brick Partners IncGRBK	COM	392709101	30.4	1.5%	380,387	Added+22,046
First Intst Bancsystem IncFIBK	COM	32055Y201	30.0	1.5%	778,006	Added+42,587
Select Water Solutions IncWTTR	CL A COM	81617J301	28.7	1.4%	1,435,415	Reduced−93,480
Global Ship Lease Inc	COM CL A	Y27183600	28.6	1.4%	761,080	Added+43,007
Jefferson Capital IncJCAP	COM	47248R103	28.2	1.4%	1,446,818	Added+330,933
NPK International IncNPKI	COM SHS	651718504	27.7	1.4%	1,738,857	Reduced−79,933
Vitesse Energy IncVTS	COMMON STOCK	92852X103	25.0	1.2%	1,586,924	Added+253,204
ST Joe CoJOE	COM	790148100	23.6	1.2%	376,859	New+376,859
I3 Verticals IncIIIV	COM CL A	46571Y107	23.5	1.2%	1,099,486	Added+66,880
Tidewater Inc NewTDW	COM	88642R109	22.8	1.1%	342,356	Reduced−5,557
Addus Homecare CorpADUS	COM	006739106	20.9	1.0%	208,135	Added+14,245
Bluelinx Holdings IncBXC	COM NEW	09624H208	20.8	1.0%	336,308	Added+14,434
Sprouts FMRS MKT IncSFM	COM	85208M102	20.8	1.0%	245,608	Added+27,993
Artisan Partners Asset MGMTAPAM	CL A	04316A108	20.5	1.0%	594,780	Added+43,444
PAR Pac Holdings IncPARR	COM NEW	69888T207	19.4	1.0%	345,115	Reduced−32,093
Viant Technology IncDSP	COM CL A	92557A101	19.0	0.9%	1,501,487	Added+154,324
Cohen & Steers IncCNS	COM	19247A100	18.3	0.9%	240,160	New+240,160
Legalzoom Com IncLZ	COM	52466B103	17.5	0.9%	2,850,501	Added+161,231
Rentokil Initial plcRTO	SPONSORED ADR	760125104	17.3	0.9%	603,739	Added+2,826
Paysign IncPAYS	COM	70451A104	17.0	0.8%	2,073,580	Added+15,370
Brightview Holdings IncBV	COM	10948C107	16.8	0.8%	1,184,042	Added+67,211
Agilysys IncAGYS	COM	00847J105	16.6	0.8%	159,080	Added+96,370
Iqvia Holdings IncIQV	COM	46266C105	16.2	0.8%	84,013	Reduced−4,477
Microsoft CorpMSFT	COM	594918104	16.1	0.8%	43,112	Added+108
Hillman Solutions CorpHLMN	COM	431636109	15.9	0.8%	1,880,839	Added+106,730
Mercadolibre IncMELI	COM	58733R102	15.8	0.8%	9,288	Reduced−80
Berkshire Hathaway Inc DelBRK-B	CL B NEW	084670702	15.6	0.8%	31,198	Added+68
CSW Industrials IncCSW	COM	126402106	15.1	0.7%	54,288	Added+3,301
Madden Steven LtdSHOO	COM	556269108	15.1	0.7%	357,620	Added+20,565
Amrize Ltd	SHS	H2927K103	15.0	0.7%	280,902	Added+122,676
KKR & Co IncKKR	COM	48251W104	14.9	0.7%	161,910	Added+296
Jpmorgan Chase & CoJPM	COM	46625H100	14.6	0.7%	44,647	Added+195
Pimco Dynamic Income StrategPDX	COM SHS BEN INT	69346N107	14.6	0.7%	701,289	Reduced−151,036
Alexanders IncALX	COM	014752109	14.2	0.7%	51,409	Added+30,994
Bunge Global SA	COM SHS	H11356104	14.0	0.7%	131,519	Reduced−50,687
Thermo Fisher Scientific IncTMO	COM	883556102	13.6	0.7%	27,170	Reduced−155
First TR High Yield Opprt 20FTHY	COM	33741Q107	13.2	0.7%	966,836	Added+80,091
Match Group Inc NewMTCH	COM	57667L107	13.2	0.7%	346,382	Reduced−33,590
Brightspire Capital IncBRSP	COM CL A	10949T109	13.1	0.6%	2,395,950	Added+86,176
Climb Global Solutions IncCLMB	COM	946760105	12.8	0.6%	551,910	Added+245
Sea LtdSE	SPONSORD ADS	81141R100	12.7	0.6%	132,705	Reduced−181
RF Inds LtdRFIL	COM PAR $0.01	749552105	12.5	0.6%	588,115	Reduced−234,685
Alamo Group IncALG	COM	011311107	12.4	0.6%	75,589	Added+4,652
EOG Res IncEOG	COM	26875P101	11.7	0.6%	90,539	Added+211
Salesforce IncCRM	COM	79466L302	11.7	0.6%	74,875	New+74,875
Apollo Global MGMT IncAPO	COM	03769M106	11.6	0.6%	98,139	Added+304
Legacy Housing CorpLEGH	COM	52472M101	11.2	0.6%	427,665	Unchanged
Unitedhealth Group IncUNH	COM	91324P102	11.2	0.6%	27,021	Added+65
Target CorpTGT	COM	87612E106	11.2	0.6%	85,963	Added+178
Disney Walt CoDIS	COM	254687106	11.2	0.6%	116,186	Added+71
Clearfield IncCLFD	COM	18482P103	11.0	0.5%	277,610	Reduced−12,000
Kinder Morgan Inc DelKMI	COM	49456B101	10.6	0.5%	331,678	Added+721
Piedmont Realty Trust IncPDM	COM CL A	720190206	10.6	0.5%	1,153,153	Added+603,140
American Pub Ed IncAPEI	COM	02913V103	10.5	0.5%	195,000	Unchanged
Innovative Solutions & SuppoIA	COM	45769N105	10.3	0.5%	569,963	Added+51,345
Waste MGMT Inc DelWM	COM	94106L109	10.2	0.5%	45,755	Added+63
Lincoln Edl SVCS CorpLINC	COM	533535100	10.0	0.5%	200,550	Reduced−51,600
Carriage SVCS IncCSV	COM	143905107	9.6	0.5%	249,404	Reduced−14,346
Northrim Bancorp IncNRIM	COM	666762109	9.5	0.5%	342,960	Added+16,550
Tactile Sys Technology IncTCMD	COM	87357P100	9.4	0.5%	315,000	Added+15,000
Arhaus IncARHS	COM CL A	04035M102	9.4	0.5%	1,110,755	Reduced−4,910
Electromed IncELMD	COM	285409108	9.2	0.5%	218,520	Reduced−6,000
Bridgewater Bancshares IncBWB	COM	108621103	9.1	0.5%	434,660	Unchanged
Elevance Health Inc FormerlyELV	COM	036752103	9.0	0.4%	23,223	Reduced−6
American Coastal Ins CorpACIC	COM	910710102	9.0	0.4%	808,705	Unchanged
Builders Firstsource IncBLDR	COM	12008R107	9.0	0.4%	100,211	Reduced−28,327
Ulta Beauty IncULTA	COM	90384S303	8.9	0.4%	19,723	Added+50
Deere & CoDE	COM	244199105	8.8	0.4%	13,825	Added+15
Oracle CorpORCL	COM	68389X105	8.8	0.4%	59,742	Added+125
NVE CorpNVEC	COM NEW	629445206	8.5	0.4%	81,215	Reduced−22,354
Republic SVCS IncRSG	COM	760759100	8.2	0.4%	38,646	Reduced−3,415
Blackstone Mortgage Trust inBXMT	COM CL A	09257W100	8.1	0.4%	476,188	Reduced−7,436
Infusystem Holdings IncINFU	COM	45685K102	8.1	0.4%	834,750	Reduced−3,175
Cass Information Sys IncCASS	COM	14808P109	8.0	0.4%	156,527	Added+43,467
Mimedx Group IncMDXG	COM	602496101	7.9	0.4%	2,058,089	Added+38,371
Ares Capital CorpARCC	COM	04010L103	7.9	0.4%	425,878	Added+34,531
Miller Inds Inc TennMLR	COM NEW	600551204	7.8	0.4%	153,070	Added+42,593
Royce Micro-Cap TR IncRMT	COM	780915104	7.7	0.4%	522,665	Reduced−23,000
Transcat IncTRNS	COM	893529107	7.4	0.4%	80,087	Added+15,312
Natures Sunshine Prods IncNATR	COM	639027101	7.4	0.4%	340,000	Unchanged
Idaho Strategic ResourcesIDR	COM NEW	645827205	7.3	0.4%	222,220	Added+15,000
Boeing Co	DEP CONV PFD A	097023204	7.0	0.3%	104,145	Reduced−1,695
SS&C Tech HoldingsSSNC	COM	78467J100	6.9	0.3%	111,173	Reduced−37,582
Flexsteel Inds IncFLXS	COM	339382103	6.8	0.3%	91,525	Unchanged
Smartrent IncSMRT	COM CL A	83193G107	6.3	0.3%	5,292,880	Added+260,000
First Westn Finl IncMYFW	COM	33751L105	6.3	0.3%	195,000	Reduced−53,195
Viemed Healthcare IncVMD	COM	92663R105	6.1	0.3%	533,466	Reduced−3,895
UFP Technologies IncUFPT	COM	902673102	6.0	0.3%	22,700	Unchanged
Research Solutions IncRSSS	COM	761025105	5.9	0.3%	2,552,455	Unchanged
Duke Energy Corp NewDUK	COM NEW	26441C204	5.9	0.3%	46,677	Reduced−920
Graham CorpGHM	COM	384556106	5.5	0.3%	44,605	Reduced−12,533
Hackett Group IncHCKT	COM	404609109	5.1	0.3%	474,707	Added+28,907
Civeo Corp CdaCVEO	COM NEW	17878Y207	5.1	0.3%	145,000	Reduced−13,260
Heartland Express IncHTLD	COM	422347104	5.0	0.2%	331,765	Added+1,000
Optex Sys Holdings IncOPXS	COM NEW	68384X209	4.8	0.2%	339,740	Added+16,265
LSI Inds Inc OhioLYTS	COM	50216C108	4.5	0.2%	167,579	New+167,579
Oxford Inds IncOXM	COM	691497309	4.3	0.2%	122,447	Reduced−993
RCM Technologies IncRCMT	COM NEW	749360400	4.1	0.2%	145,180	Reduced−8,331
Plumas BancorpPLBC	COM	729273102	3.8	0.2%	65,528	Reduced−3,747
Journey Med CorpDERM	COM	48115J109	3.8	0.2%	536,000	New+536,000
Kewaunee Scientific CorpKEQU	COM	492854104	3.7	0.2%	105,545	Added+4,843
Alps ETF TR	ALERIAN MLP	00162Q452	3.6	0.2%	68,913	Reduced−978
Whirlpool Corp	8.5 DEP SR A CNV	963320205	3.5	0.2%	99,335	Reduced−920
KKR & Co Inc	6.25 CON SER D	48251W500	3.4	0.2%	85,775	Reduced−1,035
Silvercrest Asset MGMT GroupSAMG	CL A	828359109	3.3	0.2%	325,921	Added+80,890
Karat Packaging IncKRT	COM	48563L101	3.3	0.2%	98,320	Added+29,205
QXO Inc	5.50 DEP PFD	82846H504	3.2	0.2%	65,060	Reduced−1,255
Pro-Dex Inc ColoPDEX	COM NEW	74265M205	3.1	0.2%	52,735	Reduced−9,000
Epsilon Energy LtdEPSN	COM	294375209	2.7	0.1%	506,880	Added+30,000
Mamas Creations IncMAMA	COM	56146T103	2.7	0.1%	150,000	Reduced−15,000
Firstsun Cap BancorpFSUN	COM	33767U107	2.5	0.1%	64,332	New+64,332
Heritage Global IncHGBL	COM	42727E103	2.4	0.1%	2,021,458	Reduced−222,690
Ishares TR	RUSSELL 3000 ETF	464287689	2.4	0.1%	5,566	Added+79
HCI Group IncHCI	COM	40416E103	2.1	0.1%	12,000	Unchanged
SAN Juan Basin Rty TRSJT	UNIT BEN INT	798241105	2.1	0.1%	641,414	Reduced−297,811
Iradimed CorpIRMD	COM	46266A109	1.9	<0.1%	20,000	Added+3,000
Omega Flex IncOFLX	COM	682095104	1.9	<0.1%	60,515	Added+17,015
Taylor Devices IncTAYD	COM	877163105	1.9	<0.1%	32,300	Unchanged
Northeast BK Portland Me	COM	66405S100	1.9	<0.1%	14,000	Reduced−740
Park Dental Partners IncPARK	COM	700402100	1.4	<0.1%	67,020	New+67,020
Acres Commercial Realty CorpACR	COM NEW	00489Q102	1.3	<0.1%	72,265	New+72,265
Legacy Ed IncLGCY	COM	52474R207	1.2	<0.1%	100,000	Reduced−85,000
Ameriprise Finl IncAMP	COM	03076C106	1.2	<0.1%	2,507	Added+17
Access Newswire IncACCS	COM NEW	46520M204	1.0	<0.1%	150,950	Reduced−1,460
Mount Logan Cap IncMLCI	COM	62188E103	0.6	<0.1%	184,592	Reduced−34,312
Talkspace Inc	COM	87427V103	0.4	<0.1%	80,674	Reduced−368,956
Arcos Dorados Holdings Inc	SHS CLASS -A -	G0457F107	0.4	<0.1%	47,295	Added+29,540
PDF Solutions IncPDFS	COM	693282105	0.4	<0.1%	5,175	Reduced−1,305
Minimed Group IncMMED	COM	60365F109	0.3	<0.1%	19,550	New+19,550
Talen Energy CorpTLN	COM	87422Q109	0.3	<0.1%	710	Reduced−40
Knowles CorpKN	COM	49926D109	0.2	<0.1%	5,980	New+5,980
Blackrock Tech and Private EBTX	SHS BEN INT	09260Q108	0.2	<0.1%	24,905	Unchanged
Chemed Corp NewCHE	COM	16359R103	0.2	<0.1%	470	New+470
Lamar Advertising CoLAMR	CL A	512816109	0.2	<0.1%	1,305	Reduced−315
TFS Finl CorpTFSL	COM	87240R107	0.2	<0.1%	11,020	Unchanged
Western Asset Diversified inWDI	COM SHS BEN INT	95790K109	0.2	<0.1%	11,855	Unchanged
Cion Invt CorpCION	COM	17259U204	0.1	<0.1%	18,920	Added+4,075
Ishares TR	MICRO-CAP ETF	464288869	0.1	<0.1%	398	Unchanged
Ishares TR	RUSSELL 2000 ETF	464287655	0.1	<0.1%	185	Unchanged
Ishares TR	CORE S&P500 ETF	464287200	0.0	<0.1%	59	Added+17
Ishares TR	CORE US AGGBD ET	464287226	0.0	<0.1%	300	Unchanged
Ishares TR	CORE S&P SCP ETF	464287804	0.0	<0.1%	164	Added+12
Ishares TR	S&P 500 GRWT ETF	464287309	0.0	<0.1%	146	Reduced−36
Ishares TR	IBOXX HI YD ETF	464288513	0.0	<0.1%	192	Added+24
Ishares TR	CORE MSCI EAFE	46432F842	0.0	<0.1%	111	Added+7
Ishares TR	IBOXX INV CP ETF	464287242	0.0	<0.1%	96	Added+13
Ishares TR	CORE MSCI TOTAL	46432F834	0.0	<0.1%	42	New+42

Sold out: 11 positions

Held at the end of the quarter before and not reported this quarter.

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC., positions sold out
Issuer	Class	CUSIP	Weight	Change on the quarter before
Avanos Med Inc	COM	05350V106	0.0%	Sold out−437,085
BCP Investment CorporationBCIC	COM NEW	73688F201	0.0%	Sold out−117,950
First FNDTN Inc	COM	32026V104	0.0%	Sold out−400,000
Grand Canyon Ed IncLOPE	COM	38526M106	0.0%	Sold out−1,200
Greenlight Cap Re Ltd	CLASS A	G4095J109	0.0%	Sold out−79,827
Ishares TR	ESG OPTIMIZED	464288802	0.0%	Sold out−190
Johnson & JohnsonJNJ	COM	478160104	0.0%	Sold out−37,380
Oracle Corp	6.5 DEP CUM SR D	68389X204	0.0%	Sold out−83,465
Sila Realty Trust Inc	COMMON STOCK	146280508	0.0%	Sold out−1,347,510
Teladoc Health Inc	NOTE 1.250% 6/0	87918AAF2	0.0%	Sold out−30,000
Verra Mobility CorpVRRM	CL A COM STK	92511U102	0.0%	Sold out−1,147,170

Source: SEC EDGAR, Form 13F-HR, accession 0001398344-26-014516 (on sec.gov). Last ingested by Listed: Oct 22, 2026, 05:26 ET. Listed shows no prices and gives no investment advice.