13F HOLDINGS REPORT
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001398344-25-020910
Total Value
$1.73B
Positions
160
Other Managers
0
Confidential Omitted
No
Holdings (160)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | STONEX GROUP INC | SNEX | 710,853 | $71.7M | 4.16% |
| 2 | RADNET INC | RDNT | 649,378 | $49.5M | 2.87% |
| 3 | LAUREATE EDUCATION INC | LAUR | 1,285,802 | $40.6M | 2.35% |
| 4 | UNIVERSAL TECHNICAL INST INC | UTI | 1,162,277 | $37.8M | 2.19% |
| 5 | ARCOSA INC | ACA | 363,595 | $34.1M | 1.98% |
| 6 | GLOBAL SHIP LEASE INC NEW | GSL-PB | 1,097,441 | $33.7M | 1.95% |
| 7 | ALPHABET INC | GOOG | 134,083 | $32.6M | 1.89% |
| 8 | VITESSE ENERGY INC | VTS | 1,272,995 | $29.6M | 1.71% |
| 9 | SILA REALTY TRUST INC | SILA | 1,135,388 | $28.5M | 1.65% |
| 10 | VERRA MOBILITY CORP | VRRM | 1,128,672 | $27.9M | 1.62% |
| 11 | PIMCO DYNAMIC INCOME STRATEG | PDX | 1,061,415 | $26.5M | 1.53% |
| 12 | GREEN BRICK PARTNERS INC | GRBK-PA | 354,901 | $26.2M | 1.52% |
| 13 | A10 NETWORKS INC | ATEN | 1,431,358 | $26.0M | 1.51% |
| 14 | PAR PAC HOLDINGS INC | PARR | 713,430 | $25.3M | 1.46% |
| 15 | I3 VERTICALS INC | IIIV | 777,477 | $25.2M | 1.46% |
| 16 | LIQUIDITY SVCS INC | 53635B107 | 909,743 | $25.0M | 1.45% |
| 17 | CAVCO INDS INC DEL | 149568107 | 42,686 | $24.8M | 1.44% |
| 18 | BLUELINX HLDGS INC | BXC | 321,231 | $23.5M | 1.36% |
| 19 | FIRST INTST BANCSYSTEM INC | 32055Y201 | 724,155 | $23.1M | 1.34% |
| 20 | LENDINGTREE INC NEW | TREE | 347,654 | $22.5M | 1.30% |
| 21 | LEGALZOOM COM INC | LZ | 2,126,260 | $22.1M | 1.28% |
| 22 | NPK INTERNATIONAL INC | NPKI | 1,894,726 | $21.4M | 1.24% |
| 23 | ROYALTY PHARMA PLC | RPRX | 595,891 | $21.0M | 1.22% |
| 24 | KKR & CO INC | KKRT | 159,705 | $20.8M | 1.20% |
| 25 | PRICESMART INC | PSMT | 159,681 | $19.4M | 1.12% |
| 26 | DOUGLAS DYNAMICS INC | PLOW | 614,815 | $19.2M | 1.11% |
| 27 | ARTISAN PARTNERS ASSET MGMT | 04316A108 | 441,852 | $19.2M | 1.11% |
| 28 | SELECT WATER SOLUTIONS INC | WTTR | 1,782,526 | $19.1M | 1.10% |
| 29 | MICROSOFT CORP | MSFT | 36,680 | $19.0M | 1.10% |
| 30 | SPROUTS FMRS MKT INC | 85208M102 | 172,883 | $18.8M | 1.09% |
| 31 | MERCADOLIBRE INC | MELI | 7,851 | $18.3M | 1.06% |
| 32 | TIDEWATER INC NEW | TDGMW | 342,081 | $18.2M | 1.06% |
| 33 | ULTA BEAUTY INC | ULTA | 32,950 | $18.0M | 1.04% |
| 34 | CLIMB GLOBAL SOLUTIONS INC | CLMB | 128,340 | $17.3M | 1.00% |
| 35 | SIRIUSPOINT LTD | SPNT | 941,379 | $17.0M | 0.99% |
| 36 | ADDUS HOMECARE CORP | ADUS | 143,655 | $16.9M | 0.98% |
| 37 | IQVIA HLDGS INC | IQV | 87,418 | $16.6M | 0.96% |
| 38 | ORACLE CORP | ORCL-PD | 58,962 | $16.6M | 0.96% |
| 39 | HILLMAN SOLUTIONS CORP | HLMN | 1,743,304 | $16.0M | 0.93% |
| 40 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 30,810 | $15.5M | 0.90% |
| 41 | BUILDERS FIRSTSOURCE INC | BLDR | 127,659 | $15.5M | 0.90% |
| 42 | BUNGE GLOBAL SA | BG | 188,110 | $15.3M | 0.89% |
| 43 | RENTOKIL INITIAL PLC | RKLIF | 597,185 | $15.1M | 0.87% |
| 44 | BRIGHTVIEW HLDGS INC | BV | 1,099,128 | $14.7M | 0.85% |
| 45 | JPMORGAN CHASE & CO. | VYLD | 45,573 | $14.4M | 0.83% |
| 46 | MIMEDX GROUP INC | MDXG | 2,005,014 | $14.0M | 0.81% |
| 47 | ALAMO GROUP INC | ALG | 69,872 | $13.3M | 0.77% |
| 48 | DISNEY WALT CO | 254687106 | 115,177 | $13.2M | 0.76% |
| 49 | THERMO FISHER SCIENTIFIC INC | TMO | 27,129 | $13.2M | 0.76% |
| 50 | AMERIPRISE FINL INC | 03076C106 | 26,246 | $12.9M | 0.75% |
| 51 | HEALTHSTREAM INC | HSTM | 452,384 | $12.8M | 0.74% |
| 52 | BRIGHTSPIRE CAPITAL INC | BRSP | 2,335,970 | $12.7M | 0.74% |
| 53 | CHAMPION HOMES INC | SKY | 164,045 | $12.5M | 0.73% |
| 54 | CSW INDUSTRIALS INC | CSW | 49,928 | $12.1M | 0.70% |
| 55 | KINDER MORGAN INC DEL | EP-PC | 426,162 | $12.1M | 0.70% |
| 56 | LEGACY HOUSING CORP | LEGH | 429,110 | $11.8M | 0.68% |
| 57 | ARHAUS INC | ARHS | 1,091,153 | $11.6M | 0.67% |
| 58 | FRANKLIN COVEY CO | FC | 591,318 | $11.5M | 0.67% |
| 59 | FISERV INC | FISV | 88,518 | $11.4M | 0.66% |
| 60 | MATCH GROUP INC NEW | MTCH | 322,558 | $11.4M | 0.66% |
| 61 | ENOVA INTL INC | 29357K103 | 96,452 | $11.1M | 0.64% |
| 62 | MADDEN STEVEN LTD | 556269108 | 331,551 | $11.1M | 0.64% |
| 63 | DEERE & CO | DE | 23,239 | $10.6M | 0.62% |
| 64 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 119,331 | $10.6M | 0.61% |
| 65 | JOHNSON & JOHNSON | JNJ | 55,892 | $10.4M | 0.60% |
| 66 | VIANT TECHNOLOGY INC | DSP | 1,199,490 | $10.4M | 0.60% |
| 67 | EOG RES INC | EOG | 89,691 | $10.1M | 0.58% |
| 68 | WASTE MGMT INC DEL | 94106L109 | 45,117 | $10.0M | 0.58% |
| 69 | REPUBLIC SVCS INC | 760759100 | 41,686 | $9.6M | 0.55% |
| 70 | CARRIAGE SVCS INC | 143905107 | 211,425 | $9.4M | 0.55% |
| 71 | RESEARCH SOLUTIONS INC | RSSS | 2,499,310 | $9.3M | 0.54% |
| 72 | UNITEDHEALTH GROUP INC | UNH | 26,572 | $9.2M | 0.53% |
| 73 | CLEARFIELD INC | CLFD | 262,610 | $9.0M | 0.52% |
| 74 | APOLLO GLOBAL MGMT INC | 03769M106 | 66,756 | $8.9M | 0.52% |
| 75 | BLACKSTONE MTG TR INC | BX | 479,793 | $8.8M | 0.51% |
| 76 | LINCOLN EDL SVCS CORP | 533535100 | 371,750 | $8.7M | 0.51% |
| 77 | CIVITAS RESOURCES INC | 17888H103 | 259,248 | $8.4M | 0.49% |
| 78 | INFUSYSTEM HLDGS INC | INFU | 809,750 | $8.4M | 0.49% |
| 79 | AMERICAN COASTAL INS CORP | ACIC | 723,900 | $8.2M | 0.48% |
| 80 | ACCENTURE PLC IRELAND | ACN | 33,295 | $8.2M | 0.48% |
| 81 | HACKETT GROUP INC | HCKT | 428,654 | $8.1M | 0.47% |
| 82 | FIRST TR HIGH YIELD OPPRT 20 | 33741Q107 | 556,742 | $8.1M | 0.47% |
| 83 | TARGET CORP | TGT | 86,262 | $7.7M | 0.45% |
| 84 | AMERICAN PUB ED INC | 02913V103 | 195,316 | $7.7M | 0.45% |
| 85 | BRIDGEWATER BANCSHARES INC | BWBBP | 433,960 | $7.6M | 0.44% |
| 86 | ELEVANCE HEALTH INC FORMERLY | ELV | 23,249 | $7.5M | 0.44% |
| 87 | BOEING CO | BA-PA | 106,235 | $7.4M | 0.43% |
| 88 | FIRST WESTN FINL INC | 33751L105 | 311,502 | $7.2M | 0.42% |
| 89 | IDAHO STRATEGIC RESOURCES | IDR | 209,655 | $7.1M | 0.41% |
| 90 | RF INDS LTD | 749552105 | 803,059 | $6.6M | 0.38% |
| 91 | AGILYSYS INC | AGYS | 61,930 | $6.5M | 0.38% |
| 92 | ROYCE MICRO-CAP TR INC | RMT | 616,718 | $6.4M | 0.37% |
| 93 | CIVEO CORP CDA | CVEO | 275,585 | $6.3M | 0.37% |
| 94 | GREENLIGHT CAPITAL RE LTD | GLRE | 482,250 | $6.1M | 0.36% |
| 95 | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | 72,480 | $6.0M | 0.35% |
| 96 | AT&T INC | T-PC | 208,578 | $5.9M | 0.34% |
| 97 | DUKE ENERGY CORP NEW | DUKB | 47,448 | $5.9M | 0.34% |
| 98 | POTBELLY CORP | 73754Y100 | 338,779 | $5.8M | 0.33% |
| 99 | NVE CORP | NVT | 86,690 | $5.7M | 0.33% |
| 100 | NORTHRIM BANCORP INC | NRIM | 247,496 | $5.4M | 0.31% |
| 101 | GAMBLING COM GROUP LIMITED | GAMB | 628,315 | $5.1M | 0.30% |
| 102 | NATURES SUNSHINE PRODS INC | 639027101 | 312,000 | $4.8M | 0.28% |
| 103 | TACTILE SYS TECHNOLOGY INC | 87357P100 | 346,125 | $4.8M | 0.28% |
| 104 | ALEXANDER & BALDWIN INC NEW | 014491104 | 260,449 | $4.7M | 0.27% |
| 105 | TELADOC HEALTH INC | TDOC | 4,997,000 | $4.7M | 0.27% |
| 106 | LADDER CAP CORP | LADR | 421,594 | $4.6M | 0.27% |
| 107 | VIEMED HEALTHCARE INC | VMD | 671,360 | $4.6M | 0.26% |
| 108 | UFP TECHNOLOGIES INC | UFPT | 22,700 | $4.5M | 0.26% |
| 109 | ELECTROMED INC | ELMD | 175,520 | $4.3M | 0.25% |
| 110 | PERFORMANT HEALTHCARE INC | 71377E105 | 549,000 | $4.2M | 0.25% |
| 111 | TRANSCAT INC | TRNS | 57,530 | $4.2M | 0.24% |
| 112 | BCP INVESTMENT CORPORATION | BCIC | 365,149 | $4.2M | 0.24% |
| 113 | OPTEX SYS HLDGS INC | 68384X209 | 319,863 | $4.1M | 0.24% |
| 114 | HERITAGE GLOBAL INC | HGBL | 2,475,228 | $4.1M | 0.24% |
| 115 | ALPS ETF TR | 00162Q452 | 87,483 | $4.1M | 0.24% |
| 116 | ALLIENT INC | ALNT | 89,500 | $4.0M | 0.23% |
| 117 | INNOVATIVE SOLUTIONS & SUPPO | ISSC | 306,695 | $3.8M | 0.22% |
| 118 | GRAHAM CORP | GHM | 67,755 | $3.7M | 0.22% |
| 119 | DIAMOND HILL INVT GROUP INC | 25264R207 | 25,653 | $3.6M | 0.21% |
| 120 | PAYSIGN INC | PAYS | 552,735 | $3.5M | 0.20% |
| 121 | FLEXSTEEL INDS INC | FLEX | 73,502 | $3.4M | 0.20% |
| 122 | MOUNT LOGAN CAP INC | MLCIL | 405,343 | $3.2M | 0.18% |
| 123 | KKR & CO INC | KKRT | 60,250 | $3.2M | 0.18% |
| 124 | QXO INC | QXO-PB | 57,000 | $3.1M | 0.18% |
| 125 | KEWAUNEE SCIENTIFIC CORP | 492854104 | 70,085 | $3.0M | 0.17% |
| 126 | PLUMAS BANCORP | PLBC | 62,535 | $2.7M | 0.16% |
| 127 | SAN JUAN BASIN RTY TR | 798241105 | 443,701 | $2.7M | 0.16% |
| 128 | RCM TECHNOLOGIES INC | RCMT | 97,206 | $2.6M | 0.15% |
| 129 | TAYLOR DEVICES INC | TAYD | 51,325 | $2.5M | 0.15% |
| 130 | HCI GROUP INC | HCIIP | 12,280 | $2.4M | 0.14% |
| 131 | ISHARES TR | 464287689 | 4,927 | $1.9M | 0.11% |
| 132 | MAMAS CREATIONS INC | 56146T103 | 165,000 | $1.7M | 0.10% |
| 133 | AVIAT NETWORKS INC | AVNW | 72,500 | $1.7M | 0.10% |
| 134 | PRO-DEX INC COLO | PDEX | 48,608 | $1.6M | 0.10% |
| 135 | LEGACY ED INC | LGCY | 168,500 | $1.6M | 0.09% |
| 136 | EPSILON ENERGY LTD | EPSN | 311,905 | $1.6M | 0.09% |
| 137 | KARAT PACKAGING INC | KRT | 61,515 | $1.6M | 0.09% |
| 138 | NORTHEAST BK PORTLAND ME | 66405S100 | 14,835 | $1.5M | 0.09% |
| 139 | ACCESS NEWSWIRE INC | ACCS | 138,260 | $1.5M | 0.09% |
| 140 | LUMENT FINANCE TRUST INC | LFT-PA | 707,312 | $1.4M | 0.08% |
| 141 | IRADIMED CORP | IRMD | 17,000 | $1.2M | 0.07% |
| 142 | TALEN ENERGY CORP | TLN | 860 | $365,827 | 0.02% |
| 143 | JEFFERIES FINL GROUP INC | 47233W109 | 5,495 | $359,483 | 0.02% |
| 144 | VANGUARD INDEX FDS | 922908611 | 1,173 | $244,840 | 0.01% |
| 145 | GRAND CANYON ED INC | LOPE | 1,105 | $242,570 | 0.01% |
| 146 | KYNDRYL HLDGS INC | KD | 6,770 | $203,303 | 0.01% |
| 147 | QUEST RESOURCE HLDG CORP | QRHC | 111,654 | $174,180 | 0.01% |
| 148 | FIRST FNDTN INC | 32026V104 | 26,375 | $146,909 | 0.01% |
| 149 | VANGUARD INDEX FDS | 922908769 | 443 | $145,493 | 0.01% |
| 150 | ISHARES TR | 464288869 | 367 | $54,716 | 0.00% |
| 151 | ISHARES TR | 464287655 | 185 | $44,763 | 0.00% |
| 152 | VANGUARD INDEX FDS | 922908363 | 62 | $37,968 | 0.00% |
| 153 | ISHARES TR | 464287226 | 300 | $30,075 | 0.00% |
| 154 | ISHARES TR | 464288802 | 190 | $25,773 | 0.00% |
| 155 | ISHARES TR | 464287200 | 28 | $18,740 | 0.00% |
| 156 | ISHARES TR | 464287804 | 95 | $11,289 | 0.00% |
| 157 | ISHARES TR | 464288513 | 98 | $7,957 | 0.00% |
| 158 | ISHARES TR | 46432F842 | 68 | $5,937 | 0.00% |
| 159 | ISHARES TR | 464287242 | 47 | $5,239 | 0.00% |
| 160 | ISHARES TR | 464287408 | 15 | $3,133 | 0.00% |