13F HOLDINGS REPORT
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001398344-26-003220
Total Value
$1.71B
Positions
156
Other Managers
0
Confidential Omitted
No
Holdings (156)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | STONEX GROUP INC | SNEX | 707,835 | $67.3M | 3.93% |
| 2 | RADNET INC | RDNT | 651,169 | $46.5M | 2.71% |
| 3 | LAUREATE EDUCATION INC | LAUR | 1,272,453 | $42.8M | 2.50% |
| 4 | ALPHABET INC | GOOG | 131,651 | $41.2M | 2.41% |
| 5 | ARCOSA INC | ACA | 361,494 | $38.4M | 2.24% |
| 6 | GLOBAL SHIP LEASE INC NEW | GSL-PB | 971,790 | $34.1M | 1.99% |
| 7 | UNIVERSAL TECHNICAL INST INC | UTI | 1,169,843 | $30.6M | 1.78% |
| 8 | SIRIUSPOINT LTD | SPNT | 1,390,091 | $30.4M | 1.78% |
| 9 | SILA REALTY TRUST INC | SILA | 1,255,395 | $29.3M | 1.71% |
| 10 | VITESSE ENERGY INC | VTS | 1,438,529 | $27.7M | 1.62% |
| 11 | LIQUIDITY SVCS INC | 53635B107 | 910,246 | $27.6M | 1.61% |
| 12 | LEGALZOOM COM INC | LZ | 2,627,047 | $26.1M | 1.52% |
| 13 | A10 NETWORKS INC | ATEN | 1,435,626 | $25.4M | 1.48% |
| 14 | VERRA MOBILITY CORP | VRRM | 1,127,560 | $25.3M | 1.48% |
| 15 | FIRST INTST BANCSYSTEM INC | 32055Y201 | 723,818 | $25.0M | 1.46% |
| 16 | LENDINGTREE INC NEW | TREE | 469,647 | $24.9M | 1.46% |
| 17 | CAVCO INDS INC DEL | 149568107 | 42,051 | $24.8M | 1.45% |
| 18 | ENOVA INTL INC | 29357K103 | 150,578 | $23.7M | 1.38% |
| 19 | ROYALTY PHARMA PLC | RPRX | 600,166 | $23.2M | 1.35% |
| 20 | NPK INTERNATIONAL INC | NPKI | 1,852,804 | $22.1M | 1.29% |
| 21 | GREEN BRICK PARTNERS INC | GRBK-PA | 352,246 | $22.1M | 1.29% |
| 22 | KKR & CO INC | KKRT | 161,505 | $20.6M | 1.20% |
| 23 | PAR PAC HOLDINGS INC | PARR | 581,355 | $20.4M | 1.19% |
| 24 | DOUGLAS DYNAMICS INC | PLOW | 614,706 | $20.1M | 1.17% |
| 25 | IQVIA HLDGS INC | IQV | 88,392 | $19.9M | 1.16% |
| 26 | PIMCO DYNAMIC INCOME STRATEG | PDX | 1,055,601 | $19.8M | 1.16% |
| 27 | ADDUS HOMECARE CORP | ADUS | 182,954 | $19.6M | 1.15% |
| 28 | I3 VERTICALS INC | IIIV | 777,527 | $19.6M | 1.14% |
| 29 | PRICESMART INC | PSMT | 159,625 | $19.6M | 1.14% |
| 30 | BLUELINX HLDGS INC | BXC | 315,336 | $19.4M | 1.13% |
| 31 | ULTA BEAUTY INC | ULTA | 31,125 | $18.8M | 1.10% |
| 32 | MICROSOFT CORP | MSFT | 36,921 | $17.9M | 1.04% |
| 33 | ARTISAN PARTNERS ASSET MGMT | 04316A108 | 437,845 | $17.8M | 1.04% |
| 34 | RENTOKIL INITIAL PLC | RKLIF | 602,662 | $17.8M | 1.04% |
| 35 | MERCADOLIBRE INC | MELI | 8,570 | $17.3M | 1.01% |
| 36 | BUNGE GLOBAL SA | BG | 190,052 | $16.9M | 0.99% |
| 37 | TIDEWATER INC NEW | TDGMW | 333,659 | $16.9M | 0.98% |
| 38 | THERMO FISHER SCIENTIFIC INC | TMO | 27,295 | $15.8M | 0.92% |
| 39 | SELECT WATER SOLUTIONS INC | WTTR | 1,501,191 | $15.8M | 0.92% |
| 40 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 31,112 | $15.6M | 0.91% |
| 41 | HILLMAN SOLUTIONS CORP | HLMN | 1,743,872 | $15.1M | 0.88% |
| 42 | JPMORGAN CHASE & CO. | VYLD | 46,039 | $14.8M | 0.87% |
| 43 | CSW INDUSTRIALS INC | CSW | 50,018 | $14.7M | 0.86% |
| 44 | VIANT TECHNOLOGY INC | DSP | 1,156,915 | $13.9M | 0.81% |
| 45 | BRIGHTVIEW HLDGS INC | BV | 1,094,469 | $13.9M | 0.81% |
| 46 | CLIMB GLOBAL SOLUTIONS INC | CLMB | 134,717 | $13.8M | 0.81% |
| 47 | MADDEN STEVEN LTD | 556269108 | 331,943 | $13.8M | 0.81% |
| 48 | SPROUTS FMRS MKT INC | 85208M102 | 172,604 | $13.8M | 0.80% |
| 49 | MIMEDX GROUP INC | MDXG | 2,007,194 | $13.6M | 0.79% |
| 50 | DISNEY WALT CO | 254687106 | 116,337 | $13.2M | 0.77% |
| 51 | BUILDERS FIRSTSOURCE INC | BLDR | 128,045 | $13.2M | 0.77% |
| 52 | BRIGHTSPIRE CAPITAL INC | BRSP | 2,333,619 | $13.1M | 0.76% |
| 53 | AMERIPRISE FINL INC | 03076C106 | 26,316 | $12.9M | 0.75% |
| 54 | ARHAUS INC | ARHS | 1,093,085 | $12.3M | 0.72% |
| 55 | APOLLO GLOBAL MGMT INC | 03769M106 | 83,639 | $12.1M | 0.71% |
| 56 | MATCH GROUP INC NEW | MTCH | 366,995 | $11.9M | 0.69% |
| 57 | KINDER MORGAN INC DEL | EP-PC | 430,385 | $11.8M | 0.69% |
| 58 | JOHNSON & JOHNSON | JNJ | 56,724 | $11.7M | 0.69% |
| 59 | ALAMO GROUP INC | ALG | 69,924 | $11.7M | 0.69% |
| 60 | FIRST TR HIGH YIELD OPPRT 20 | 33741Q107 | 827,076 | $11.6M | 0.68% |
| 61 | ORACLE CORP | ORCL-PD | 59,501 | $11.6M | 0.68% |
| 62 | INNOVATIVE SOLUTIONS & SUPPO | ISSC | 595,174 | $11.3M | 0.66% |
| 63 | DEERE & CO | DE | 23,438 | $10.9M | 0.64% |
| 64 | TACTILE SYS TECHNOLOGY INC | 87357P100 | 373,975 | $10.8M | 0.63% |
| 65 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 120,536 | $10.5M | 0.62% |
| 66 | CARRIAGE SVCS INC | 143905107 | 246,699 | $10.4M | 0.61% |
| 67 | HEALTHSTREAM INC | HSTM | 451,794 | $10.4M | 0.61% |
| 68 | UNITEDHEALTH GROUP INC | UNH | 30,725 | $10.1M | 0.59% |
| 69 | WASTE MGMT INC DEL | 94106L109 | 45,589 | $10.0M | 0.58% |
| 70 | AMERICAN COASTAL INS CORP | ACIC | 776,400 | $9.8M | 0.57% |
| 71 | EOG RES INC | EOG | 89,897 | $9.4M | 0.55% |
| 72 | BLACKSTONE MTG TR INC | BX | 480,653 | $9.2M | 0.54% |
| 73 | REPUBLIC SVCS INC | 760759100 | 41,987 | $8.9M | 0.52% |
| 74 | LINCOLN EDL SVCS CORP | 533535100 | 362,295 | $8.7M | 0.51% |
| 75 | TARGET CORP | TGT | 85,772 | $8.4M | 0.49% |
| 76 | HACKETT GROUP INC | HCKT | 427,053 | $8.4M | 0.49% |
| 77 | LEGACY HOUSING CORP | LEGH | 429,110 | $8.4M | 0.49% |
| 78 | IDAHO STRATEGIC RESOURCES | IDR | 206,365 | $8.3M | 0.49% |
| 79 | CLEARFIELD INC | CLFD | 278,110 | $8.1M | 0.47% |
| 80 | NORTHRIM BANCORP INC | NRIM | 302,900 | $8.1M | 0.47% |
| 81 | BRIDGEWATER BANCSHARES INC | BWBBP | 438,960 | $7.7M | 0.45% |
| 82 | PAYSIGN INC | PAYS | 1,462,560 | $7.5M | 0.44% |
| 83 | INFUSYSTEM HLDGS INC | INFU | 824,750 | $7.4M | 0.43% |
| 84 | AMERICAN PUB ED INC | 02913V103 | 195,316 | $7.4M | 0.43% |
| 85 | RESEARCH SOLUTIONS INC | RSSS | 2,499,310 | $7.3M | 0.43% |
| 86 | NATURES SUNSHINE PRODS INC | 639027101 | 340,000 | $7.3M | 0.43% |
| 87 | AGILYSYS INC | AGYS | 61,700 | $7.3M | 0.43% |
| 88 | BOEING CO | BA-PA | 106,005 | $7.3M | 0.43% |
| 89 | FIRST WESTN FINL INC | 33751L105 | 270,945 | $7.3M | 0.42% |
| 90 | ALEXANDER & BALDWIN INC NEW | 014491104 | 348,665 | $7.2M | 0.42% |
| 91 | ELEVANCE HEALTH INC FORMERLY | ELV | 19,599 | $6.9M | 0.40% |
| 92 | MARVELL TECHNOLOGY INC | MRVL | 77,592 | $6.6M | 0.38% |
| 93 | ROYCE MICRO-CAP TR INC | RMT | 615,988 | $6.4M | 0.38% |
| 94 | NVE CORP | NVT | 101,770 | $6.0M | 0.35% |
| 95 | DUKE ENERGY CORP NEW | DUKB | 47,624 | $5.6M | 0.33% |
| 96 | ELECTROMED INC | ELMD | 187,020 | $5.4M | 0.32% |
| 97 | FRANKLIN COVEY CO | FC | 312,870 | $5.2M | 0.31% |
| 98 | AT&T INC | T-PC | 207,818 | $5.2M | 0.30% |
| 99 | RF INDS LTD | 749552105 | 877,150 | $5.1M | 0.30% |
| 100 | UFP TECHNOLOGIES INC | UFPT | 22,700 | $5.0M | 0.29% |
| 101 | VIEMED HEALTHCARE INC | VMD | 671,360 | $5.0M | 0.29% |
| 102 | ALLIENT INC | ALNT | 89,500 | $4.8M | 0.28% |
| 103 | TELADOC HEALTH INC | TDOC | 4,987,000 | $4.7M | 0.28% |
| 104 | GREENLIGHT CAPITAL RE LTD | GLRE | 317,000 | $4.6M | 0.27% |
| 105 | CIVEO CORP CDA | CVEO | 196,618 | $4.5M | 0.26% |
| 106 | OPTEX SYS HLDGS INC | 68384X209 | 296,960 | $4.2M | 0.25% |
| 107 | GRAHAM CORP | GHM | 65,503 | $4.2M | 0.25% |
| 108 | ALPS ETF TR | 00162Q452 | 87,148 | $4.1M | 0.24% |
| 109 | SAN JUAN BASIN RTY TR | 798241105 | 700,000 | $3.9M | 0.23% |
| 110 | ACCENTURE PLC IRELAND | ACN | 14,545 | $3.9M | 0.23% |
| 111 | SMARTRENT INC | SMRT | 1,907,285 | $3.9M | 0.22% |
| 112 | FLEXSTEEL INDS INC | FLEX | 90,980 | $3.6M | 0.21% |
| 113 | BCP INVESTMENT CORPORATION | BCIC | 299,195 | $3.5M | 0.21% |
| 114 | TRANSCAT INC | TRNS | 59,235 | $3.4M | 0.20% |
| 115 | QXO INC | QXO-PB | 57,015 | $3.1M | 0.18% |
| 116 | KKR & CO INC | KKRT | 60,405 | $3.1M | 0.18% |
| 117 | PLUMAS BANCORP | PLBC | 69,275 | $3.1M | 0.18% |
| 118 | KEWAUNEE SCIENTIFIC CORP | 492854104 | 81,835 | $3.1M | 0.18% |
| 119 | MILLER INDS INC TENN | 600551204 | 81,186 | $3.0M | 0.18% |
| 120 | AVANOS MED INC | AVNS | 270,000 | $3.0M | 0.18% |
| 121 | TAYLOR DEVICES INC | TAYD | 51,325 | $3.0M | 0.18% |
| 122 | HERITAGE GLOBAL INC | HGBL | 2,384,652 | $3.0M | 0.17% |
| 123 | MOUNT LOGAN CAP INC | MLCIL | 355,018 | $2.9M | 0.17% |
| 124 | RCM TECHNOLOGIES INC | RCMT | 136,078 | $2.8M | 0.16% |
| 125 | HEARTLAND EXPRESS INC | HTLD | 290,000 | $2.6M | 0.15% |
| 126 | FIRST FNDTN INC | 32026V104 | 415,980 | $2.6M | 0.15% |
| 127 | PRO-DEX INC COLO | PDEX | 60,000 | $2.3M | 0.13% |
| 128 | HCI GROUP INC | HCIIP | 12,000 | $2.3M | 0.13% |
| 129 | MAMAS CREATIONS INC | 56146T103 | 165,000 | $2.2M | 0.13% |
| 130 | FISERV INC | FISV | 30,151 | $2.0M | 0.12% |
| 131 | ISHARES TR | 464287689 | 5,093 | $2.0M | 0.12% |
| 132 | LEGACY ED INC | LGCY | 185,000 | $1.9M | 0.11% |
| 133 | EPSILON ENERGY LTD | EPSN | 376,905 | $1.7M | 0.10% |
| 134 | IRADIMED CORP | IRMD | 17,000 | $1.7M | 0.10% |
| 135 | NORTHEAST BK PORTLAND ME | 66405S100 | 14,740 | $1.5M | 0.09% |
| 136 | ISHARES TR | 464287804 | 12,376 | $1.5M | 0.09% |
| 137 | KARAT PACKAGING INC | KRT | 62,615 | $1.4M | 0.08% |
| 138 | ACCESS NEWSWIRE INC | ACCS | 142,410 | $1.3M | 0.08% |
| 139 | AVIAT NETWORKS INC | AVNW | 49,500 | $1.1M | 0.06% |
| 140 | LUMENT FINANCE TRUST INC | LFT-PA | 267,162 | $376,698 | 0.02% |
| 141 | TALEN ENERGY CORP | TLN | 760 | $284,878 | 0.02% |
| 142 | VANGUARD INDEX FDS | 922908611 | 1,208 | $255,754 | 0.01% |
| 143 | JEFFERIES FINL GROUP INC | 47233W109 | 3,685 | $228,359 | 0.01% |
| 144 | LAMAR ADVERTISING CO NEW | LAMR | 1,620 | $205,060 | 0.01% |
| 145 | VANGUARD INDEX FDS | 922908769 | 448 | $150,057 | 0.01% |
| 146 | ISHARES TR | 464287655 | 505 | $124,311 | 0.01% |
| 147 | CION INVT CORP | 17259U204 | 10,435 | $100,906 | 0.01% |
| 148 | ISHARES TR | 464288869 | 367 | $57,876 | 0.00% |
| 149 | VANGUARD INDEX FDS | 922908363 | 62 | $38,882 | 0.00% |
| 150 | ISHARES TR | 464287226 | 300 | $29,964 | 0.00% |
| 151 | ISHARES TR | 464288802 | 190 | $26,476 | 0.00% |
| 152 | ISHARES TR | 464287200 | 28 | $19,178 | 0.00% |
| 153 | ISHARES TR | 464288513 | 98 | $7,902 | 0.00% |
| 154 | ISHARES TR | 46432F842 | 68 | $6,083 | 0.00% |
| 155 | ISHARES TR | 464287242 | 47 | $5,179 | 0.00% |
| 156 | ISHARES TR | 464287408 | 20 | $4,293 | 0.00% |