13F HOLDINGS REPORT
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001398344-25-015398
Total Value
$1.63B
Positions
163
Other Managers
0
Confidential Omitted
No
Holdings (163)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | STONEX GROUP INC | SNEX | 726,426 | $66.2M | 4.07% |
| 2 | RADNET INC | RDNT | 697,275 | $39.7M | 2.44% |
| 3 | LAUREATE EDUCATION INC | LAUR | 1,501,764 | $35.1M | 2.16% |
| 4 | UNIVERSAL TECHNICAL INST INC | UTI | 1,016,160 | $34.4M | 2.12% |
| 5 | GLOBAL SHIP LEASE INC NEW | GSL-PB | 1,202,687 | $31.6M | 1.95% |
| 6 | ARCOSA INC | ACA | 363,796 | $31.5M | 1.94% |
| 7 | VERRA MOBILITY CORP | VRRM | 1,128,770 | $28.7M | 1.76% |
| 8 | SPROUTS FMRS MKT INC | 85208M102 | 171,709 | $28.3M | 1.74% |
| 9 | SILA REALTY TRUST INC | SILA | 1,133,672 | $26.8M | 1.65% |
| 10 | A10 NETWORKS INC | ATEN | 1,375,889 | $26.6M | 1.64% |
| 11 | PIMCO DYNAMIC INCOME STRATEG | PDX | 1,071,547 | $26.4M | 1.62% |
| 12 | ALPHABET INC | GOOG | 138,189 | $24.4M | 1.50% |
| 13 | BLUELINX HLDGS INC | BXC | 323,710 | $24.1M | 1.48% |
| 14 | VITESSE ENERGY INC | VTS | 1,079,800 | $23.9M | 1.47% |
| 15 | GREEN BRICK PARTNERS INC | GRBK-PA | 369,920 | $23.3M | 1.43% |
| 16 | ROYALTY PHARMA PLC | RPRX | 595,963 | $21.5M | 1.32% |
| 17 | KKR & CO INC | KKRT | 159,352 | $21.2M | 1.30% |
| 18 | I3 VERTICALS INC | IIIV | 766,643 | $21.1M | 1.30% |
| 19 | PAR PAC HOLDINGS INC | PARR | 791,675 | $21.0M | 1.29% |
| 20 | MERCADOLIBRE INC | MELI | 7,797 | $20.4M | 1.25% |
| 21 | FIRST INTST BANCSYSTEM INC | 32055Y201 | 693,685 | $20.0M | 1.23% |
| 22 | ARTISAN PARTNERS ASSET MGMT | 04316A108 | 439,609 | $19.5M | 1.20% |
| 23 | CAVCO INDS INC DEL | 149568107 | 42,675 | $18.5M | 1.14% |
| 24 | BRIGHTVIEW HLDGS INC | BV | 1,094,474 | $18.2M | 1.12% |
| 25 | MICROSOFT CORP | MSFT | 36,631 | $18.2M | 1.12% |
| 26 | DOUGLAS DYNAMICS INC | PLOW | 612,631 | $18.1M | 1.11% |
| 27 | ORACLE CORP | ORCL-PD | 81,755 | $17.9M | 1.10% |
| 28 | JPMORGAN CHASE & CO. | VYLD | 59,590 | $17.3M | 1.06% |
| 29 | ALAMO GROUP INC | ALG | 72,913 | $15.9M | 0.98% |
| 30 | NPK INTERNATIONAL INC | NPKI | 1,867,372 | $15.9M | 0.98% |
| 31 | PRICESMART INC | PSMT | 151,201 | $15.9M | 0.98% |
| 32 | TIDEWATER INC NEW | TDGMW | 339,672 | $15.7M | 0.96% |
| 33 | LIQUIDITY SVCS INC | 53635B107 | 654,868 | $15.4M | 0.95% |
| 34 | ULTA BEAUTY INC | ULTA | 32,888 | $15.4M | 0.95% |
| 35 | SELECT WATER SOLUTIONS INC | WTTR | 1,779,600 | $15.4M | 0.95% |
| 36 | VIANT TECHNOLOGY INC | DSP | 1,155,133 | $15.3M | 0.94% |
| 37 | FISERV INC | FISV | 88,616 | $15.3M | 0.94% |
| 38 | BUNGE GLOBAL SA | BG | 188,970 | $15.2M | 0.93% |
| 39 | HEALTHSTREAM INC | HSTM | 545,982 | $15.1M | 0.93% |
| 40 | SIRIUSPOINT LTD | SPNT | 736,248 | $15.0M | 0.92% |
| 41 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 30,746 | $14.9M | 0.92% |
| 42 | BUILDERS FIRSTSOURCE INC | BLDR | 127,838 | $14.9M | 0.92% |
| 43 | RENTOKIL INITIAL PLC | RKLIF | 597,610 | $14.3M | 0.88% |
| 44 | CSW INDUSTRIALS INC | CSW | 49,674 | $14.2M | 0.88% |
| 45 | DISNEY WALT CO | 254687106 | 114,848 | $14.2M | 0.88% |
| 46 | LEGALZOOM COM INC | LZ | 1,590,970 | $14.2M | 0.87% |
| 47 | AMERIPRISE FINL INC | 03076C106 | 26,520 | $14.2M | 0.87% |
| 48 | IQVIA HLDGS INC | IQV | 87,166 | $13.7M | 0.84% |
| 49 | CLIMB GLOBAL SOLUTIONS INC | CLMB | 128,340 | $13.7M | 0.84% |
| 50 | FRANKLIN COVEY CO | FC | 589,507 | $13.5M | 0.83% |
| 51 | ADDUS HOMECARE CORP | ADUS | 111,300 | $12.8M | 0.79% |
| 52 | LENDINGTREE INC NEW | TREE | 344,583 | $12.8M | 0.79% |
| 53 | KINDER MORGAN INC DEL | EP-PC | 424,423 | $12.5M | 0.77% |
| 54 | HILLMAN SOLUTIONS CORP | HLMN | 1,742,389 | $12.4M | 0.77% |
| 55 | MIMEDX GROUP INC | MDXG | 1,973,932 | $12.1M | 0.74% |
| 56 | DEERE & CO | DE | 23,160 | $11.8M | 0.72% |
| 57 | POTBELLY CORP | 73754Y100 | 954,334 | $11.7M | 0.72% |
| 58 | THERMO FISHER SCIENTIFIC INC | TMO | 27,140 | $11.0M | 0.68% |
| 59 | HACKETT GROUP INC | HCKT | 427,401 | $10.9M | 0.67% |
| 60 | EOG RES INC | EOG | 89,180 | $10.7M | 0.66% |
| 61 | ELLINGTON FINANCIAL INC | EFC-PD | 811,582 | $10.5M | 0.65% |
| 62 | BRIGHTSPIRE CAPITAL INC | BRSP | 2,051,924 | $10.4M | 0.64% |
| 63 | CHAMPION HOMES INC | SKY | 165,404 | $10.4M | 0.64% |
| 64 | CARRIER GLOBAL CORPORATION | CARR | 140,567 | $10.3M | 0.63% |
| 65 | WASTE MGMT INC DEL | 94106L109 | 44,807 | $10.3M | 0.63% |
| 66 | REPUBLIC SVCS INC | 760759100 | 41,555 | $10.2M | 0.63% |
| 67 | MATCH GROUP INC NEW | MTCH | 323,636 | $10.0M | 0.61% |
| 68 | LINCOLN EDL SVCS CORP | 533535100 | 433,650 | $10.0M | 0.61% |
| 69 | ACCENTURE PLC IRELAND | ACN | 33,176 | $9.9M | 0.61% |
| 70 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 119,065 | $9.9M | 0.61% |
| 71 | WESTERN ASSET HIGH YIELD DEF | HYI | 806,469 | $9.7M | 0.59% |
| 72 | LEGACY HOUSING CORP | LEGH | 419,520 | $9.5M | 0.58% |
| 73 | ARHAUS INC | ARHS | 1,079,391 | $9.4M | 0.58% |
| 74 | PERFORMANT HEALTHCARE INC | 71377E105 | 2,258,100 | $9.0M | 0.56% |
| 75 | ELEVANCE HEALTH INC | ELV | 23,163 | $9.0M | 0.55% |
| 76 | TARGET CORP | TGT | 86,678 | $8.6M | 0.53% |
| 77 | JOHNSON & JOHNSON | JNJ | 55,942 | $8.5M | 0.53% |
| 78 | FIRST TR HIGH YIELD OPPRT 20 | 33741Q107 | 558,705 | $8.3M | 0.51% |
| 79 | BLACKSTONE MTG TR INC | BX | 430,155 | $8.3M | 0.51% |
| 80 | MADDEN STEVEN LTD | 556269108 | 330,429 | $7.9M | 0.49% |
| 81 | GREENLIGHT CAPITAL RE LTD | GLRE | 544,288 | $7.8M | 0.48% |
| 82 | CLEARFIELD INC | CLFD | 177,000 | $7.7M | 0.47% |
| 83 | GAMBLING COM GROUP LIMITED | GAMB | 617,900 | $7.3M | 0.45% |
| 84 | BOEING CO | BA-PA | 105,990 | $7.2M | 0.44% |
| 85 | FIRST WESTN FINL INC | 33751L105 | 314,737 | $7.1M | 0.44% |
| 86 | CIVITAS RESOURCES INC | 17888H103 | 257,882 | $7.1M | 0.44% |
| 87 | AGILYSYS INC | AGYS | 61,850 | $7.1M | 0.44% |
| 88 | RESEARCH SOLUTIONS INC | RSSS | 2,418,100 | $6.9M | 0.43% |
| 89 | BRIDGEWATER BANCSHARES INC | BWBBP | 424,000 | $6.7M | 0.41% |
| 90 | AMERICAN COASTAL INS CORP | ACIC | 596,329 | $6.6M | 0.41% |
| 91 | CIVEO CORP CDA | CVEO | 273,470 | $6.3M | 0.39% |
| 92 | CARRIAGE SVCS INC | 143905107 | 132,695 | $6.1M | 0.37% |
| 93 | AT&T INC | T-PC | 208,314 | $6.0M | 0.37% |
| 94 | NEOGEN CORP | NEOG | 1,240,537 | $5.9M | 0.36% |
| 95 | ROYCE MICRO-CAP TR INC | RMT | 616,718 | $5.7M | 0.35% |
| 96 | DUKE ENERGY CORP NEW | DUKB | 47,422 | $5.6M | 0.34% |
| 97 | UFP TECHNOLOGIES INC | UFPT | 22,700 | $5.5M | 0.34% |
| 98 | INFUSYSTEM HLDGS INC | INFU | 878,500 | $5.5M | 0.34% |
| 99 | HERITAGE GLOBAL INC | HGBL | 2,454,053 | $5.4M | 0.34% |
| 100 | WAYFAIR INC | W | 5,558,000 | $5.4M | 0.33% |
| 101 | RF INDS LTD | 749552105 | 810,859 | $5.2M | 0.32% |
| 102 | ETSY INC | ETSY | 102,635 | $5.1M | 0.32% |
| 103 | TRANSCAT INC | TRNS | 57,530 | $4.9M | 0.30% |
| 104 | TELADOC HEALTH INC | TDOC | 5,072,000 | $4.7M | 0.29% |
| 105 | DIAMOND HILL INVT GROUP INC | 25264R207 | 31,683 | $4.6M | 0.28% |
| 106 | ALEXANDER & BALDWIN INC NEW | 014491104 | 257,451 | $4.6M | 0.28% |
| 107 | LADDER CAP CORP | LADR | 421,618 | $4.5M | 0.28% |
| 108 | NATURES SUNSHINE PRODS INC | 639027101 | 300,000 | $4.4M | 0.27% |
| 109 | AMERICAN PUB ED INC | 02913V103 | 145,178 | $4.4M | 0.27% |
| 110 | LOGAN RIDGE FINANCE CORP | 541098109 | 227,960 | $4.3M | 0.27% |
| 111 | ALPS ETF TR | 00162Q452 | 87,344 | $4.3M | 0.26% |
| 112 | VIEMED HEALTHCARE INC | VMD | 613,000 | $4.2M | 0.26% |
| 113 | NVE CORP | NVT | 55,055 | $4.1M | 0.25% |
| 114 | OPTEX SYS HLDGS INC | 68384X209 | 331,495 | $3.8M | 0.23% |
| 115 | TECHTARGET INC | TTGT | 483,855 | $3.8M | 0.23% |
| 116 | ALLIENT INC | ALNT | 102,000 | $3.7M | 0.23% |
| 117 | TACTILE SYS TECHNOLOGY INC | 87357P100 | 365,000 | $3.7M | 0.23% |
| 118 | GRAHAM CORP | GHM | 73,255 | $3.6M | 0.22% |
| 119 | ELECTROMED INC | ELMD | 163,594 | $3.6M | 0.22% |
| 120 | QXO INC | QXO-PB | 56,770 | $3.5M | 0.22% |
| 121 | LENDINGTREE INC | TREE | 3,527,000 | $3.5M | 0.21% |
| 122 | KKR & CO INC | KKRT | 59,840 | $3.2M | 0.20% |
| 123 | INNOVATIVE SOLUTIONS & SUPPO | ISSC | 210,000 | $2.9M | 0.18% |
| 124 | ASTRONOVA INC | ALOT | 250,900 | $2.9M | 0.18% |
| 125 | 180 DEGREE CAP CORP | 68235B208 | 714,156 | $2.8M | 0.17% |
| 126 | KEWAUNEE SCIENTIFIC CORP | 492854104 | 43,300 | $2.5M | 0.16% |
| 127 | AVIAT NETWORKS INC | AVNW | 101,944 | $2.5M | 0.15% |
| 128 | IDAHO STRATEGIC RESOURCES | IDR | 182,557 | $2.4M | 0.15% |
| 129 | TAYLOR DEVICES INC | TAYD | 50,000 | $2.2M | 0.13% |
| 130 | FLEXSTEEL INDS INC | FLEX | 60,000 | $2.2M | 0.13% |
| 131 | LUMENT FINANCE TRUST INC | LFT-PA | 898,833 | $2.0M | 0.12% |
| 132 | PLUMAS BANCORP | PLBC | 43,940 | $2.0M | 0.12% |
| 133 | NORTHRIM BANCORP INC | NRIM | 19,827 | $1.8M | 0.11% |
| 134 | HCI GROUP INC | HCIIP | 12,000 | $1.8M | 0.11% |
| 135 | LEGACY ED INC | LGCY | 159,808 | $1.8M | 0.11% |
| 136 | RCM TECHNOLOGIES INC | RCMT | 75,600 | $1.8M | 0.11% |
| 137 | ISHARES TR | 464287689 | 4,675 | $1.6M | 0.10% |
| 138 | ACCESS NEWSWIRE INC | ACCS | 128,300 | $1.6M | 0.10% |
| 139 | KARAT PACKAGING INC | KRT | 56,000 | $1.6M | 0.10% |
| 140 | EPSILON ENERGY LTD | EPSN | 211,200 | $1.6M | 0.10% |
| 141 | PRO-DEX INC COLO | PDEX | 34,200 | $1.5M | 0.09% |
| 142 | NORTHEAST BK PORTLAND ME | 66405S100 | 15,050 | $1.3M | 0.08% |
| 143 | DISTRIBUTION SOLUTIONS GRP I | 520776105 | 45,401 | $1.2M | 0.08% |
| 144 | MAMAS CREATIONS INC | 56146T103 | 130,000 | $1.1M | 0.07% |
| 145 | VANGUARD INDEX FDS | 922908611 | 1,608 | $313,553 | 0.02% |
| 146 | JEFFERIES FINL GROUP INC | 47233W109 | 5,275 | $288,490 | 0.02% |
| 147 | TALEN ENERGY CORP | TLN | 930 | $270,416 | 0.02% |
| 148 | QUEST RESOURCE HLDG CORP | QRHC | 115,000 | $232,300 | 0.01% |
| 149 | KYNDRYL HLDGS INC | KD | 5,325 | $223,437 | 0.01% |
| 150 | VANGUARD INDEX FDS | 922908769 | 689 | $209,476 | 0.01% |
| 151 | FIRST FNDTN INC | 32026V104 | 27,960 | $142,596 | 0.01% |
| 152 | VANGUARD INDEX FDS | 922908363 | 129 | $73,276 | 0.00% |
| 153 | ISHARES TR | 464288869 | 366 | $46,724 | 0.00% |
| 154 | ISHARES TR | 464287655 | 140 | $30,211 | 0.00% |
| 155 | ISHARES TR | 464287226 | 300 | $29,760 | 0.00% |
| 156 | ISHARES TR | 464288802 | 190 | $24,082 | 0.00% |
| 157 | ISHARES TR | 464287200 | 28 | $17,385 | 0.00% |
| 158 | ISHARES TR | 464287804 | 93 | $10,164 | 0.00% |
| 159 | ISHARES TR | 464288513 | 96 | $7,742 | 0.00% |
| 160 | ISHARES TR | 46432F842 | 67 | $5,593 | 0.00% |
| 161 | ISHARES TR | 464287242 | 45 | $4,932 | 0.00% |
| 162 | ISHARES TR | 464287408 | 15 | $2,952 | 0.00% |
| 163 | ISHARES TR | 464288752 | 28 | $2,609 | 0.00% |