Latest PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Stock Portfolio

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Performance:

2025 Q3: 6.55%YTD: 6.17%2024: 11.99%

Performance for 2025 Q3 is 6.55%, and YTD is 6.17%, and 2024 is 11.99%.

About PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. and 13F Hedge Fund Stock Holdings

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. is a hedge fund based in EDINA, MN. On 11-Jul-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.8 Billions. In it's latest 13F Holdings report, PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reported an equity portfolio of $1.7 Billions as of 30 Sep, 2025.

The top stock holdings of PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. are SNEX, RDNT, LAUR. The fund has invested 4.2% of it's portfolio in STONEX GROUP INC and 2.9% of portfolio in RADNET INC.

The fund managers got completely rid off ELLINGTON FINANCIAL INC (EFC), CARRIER GLOBAL CORPORATION (CARR) and WESTERN ASSET HIGH YIELD DEF stocks. They significantly reduced their stock positions in PERFORMANT HEALTHCARE INC (PFMT), POTBELLY CORP (PBPB) and VANGUARD INDEX FDS (VB). PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. opened new stock positions in ENOVA INTL INC (ENVA), UNITEDHEALTH GROUP INC (UNH) and APOLLO GLOBAL MGMT INC. The fund showed a lot of confidence in some stocks as they added substantially to NORTHRIM BANCORP INC (NRIM), KEWAUNEE SCIENTIFIC CORP (KEQU) and CARRIAGE SVCS INC (CSV).

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Annual Return Estimates Vs S&P 500

Our best estimate is that PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. made a return of 6.55% in the last quarter. In trailing 12 months, it's portfolio return was 7.74%.

New Buys

Ticker	$ Bought
enova intl inc	11,100,700
unitedhealth group inc	9,175,190
apollo global mgmt inc	8,896,570
alexandria real estate eq in	6,040,480
bcp investment corporation	4,210,170
paysign inc	3,476,700
mount logan cap inc	3,161,680
san juan basin rty tr	2,679,950

New stocks bought by PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Additions

Ticker	% Inc.
northrim bancorp inc	1,148
kewaunee scientific corp	61.86
carriage svcs inc	59.33
nve corp	57.46
clearfield inc	48.37
epsilon energy ltd	47.68
innovative solutions & suppo	46.05
plumas bancorp	42.32

Additions to existing portfolio by PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Reductions

Ticker	% Reduced
performant healthcare inc	-75.69
potbelly corp	-64.5
vanguard index fds	-51.94
vanguard index fds	-35.7
aviat networks inc	-28.88
oracle corp	-27.88
vanguard index fds	-27.05
jpmorgan chase & co.	-23.52

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reduced stake in above stock

Sold off

Ticker	$ Sold
wayfair inc	-5,424,610
lendingtree inc	-3,482,910
neogen corp	-5,929,770
ellington financial inc	-10,542,400
western asset high yield def	-9,661,870
180 degree cap corp	-2,837,770
techtarget inc	-3,759,550
astronova inc	-2,907,930

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. got rid off the above stocks

Sector Distribution

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. has about 15% of it's holdings in Industrials sector.

Sector	%
Industrials	15
Financial Services	14.9
Others	13.6
Consumer Cyclical	11.8
Healthcare	11.7
Technology	9.4
Consumer Defensive	8.5
Energy	5.7
Communication Services	3.7
Real Estate	2.2
Basic Materials	1.5
	1.5

Market Cap. Distribution

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. has about 21.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
SMALL-CAP	30.4
MID-CAP	28
LARGE-CAP	13.8
UNALLOCATED	13.4
MEGA-CAP	8
MICRO-CAP	6

Stocks belong to which Index?

About 74.7% of the stocks held by PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	58.3
Others	25.3
S&P 500	16.4

Top 5 Winners (%)		%
IDR	idaho strategic resources	114.5 %
PFMT	performant healthcare inc	93.3 %
TREE	lendingtree inc new	73.5 %
INFU	infusystem hldgs inc	66.0 %
SHOO	madden steven ltd	39.4 %

Top 5 Winners ($)		$
RDNT	radnet inc	13.5 M
LAUR	laureate education inc	12.3 M
TREE	lendingtree inc new	9.5 M
GOOG	alphabet inc	9.2 M
PFMT	performant healthcare inc	8.4 M

Top 5 Losers (%)		%
DSP	viant technology inc	-33.9 %
SFM	sprouts fmrs mkt inc	-33.8 %
HCKT	hackett group inc	-25.2 %
HGBL	heritage global inc	-25.1 %
EPSN	epsilon energy ltd	-23.9 %

Top 5 Losers ($)		$
SFM	sprouts fmrs mkt inc	-9.6 M
DSP	viant technology inc	-5.3 M
BV	brightview hldgs inc	-3.6 M
HCKT	hackett group inc	-2.7 M
CSWI	csw industrials inc	-2.2 M

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. has 157 stocks in it's portfolio. About 22.4% of the portfolio is in top 10 stocks. SFM proved to be the most loss making stock for the portfolio. RDNT was the most profitable stock for PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAXJ	ishares tr	0.00	367	54,716	added	0.27

AAXJ	ishares tr	0.00	190	25,773	unchanged	0.00

AAXJ	ishares tr	0.00	98.00	7,957	added	2.08

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

ACA	arcosa inc	1.98	363,595	34,072,500	reduced	-0.06

ACES	alps etf tr	0.24	87,483	4,105,560	added	0.16

ACN	accenture plc ireland	0.48	33,295	8,210,490	added	0.36

ADUS	addus homecare corp	0.98	143,655	16,949,800	added	29.07

AGYS	agilysys inc	0.38	61,930	6,518,130	added	0.13

ALEX	alexander & baldwin inc new	0.28	260,449	4,737,570	added	1.16

ALG	alamo group inc	0.77	69,872	13,338,500	reduced	-4.17

ALOT	astronova inc	0.00	0.00	0.00	sold off	-100

AMOT	allient inc	0.23	89,500	4,005,120	reduced	-12.25

AMP	ameriprise finl inc	0.75	26,246	12,893,500	reduced	-1.03

APAM	artisan partners asset mgmt	1.11	441,852	19,176,400	added	0.51

APEI	american pub ed inc	0.45	195,316	7,709,120	added	34.54

ARE	alexandria real estate eq in	0.35	72,480	6,040,480	new

ARHS	arhaus inc	0.67	1,091,150	11,599,000	added	1.09

ATEN	a10 networks inc	1.51	1,431,360	25,979,200	added	4.03

AVNW	aviat networks inc	0.10	72,500	1,662,420	reduced	-28.88