Institutional Manager · CIK 0001238990
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
EDINA, MN · File #028-10972
Latest AUM
$1.71B
Positions
156
Top-10 Concentration
33.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | CHAMPION HOMES INC | 830830105 | -164,045 | -$12.5M | $0 |
| ADD | SIRIUSPOINT LTD | SPNT | +448,712 | +$9.8M | +$3.6M |
| ADD | ENOVA INTL INC | 29357K103 | +54,126 | +$8.5M | +$4.1M |
| EXITED | CIVITAS RESOURCES INC | 17888H103 | -259,248 | -$8.4M | $0 |
| NEW | MARVELL TECHNOLOGY INC | MRVL | +77,592 | +$6.6M | $0 |
| ADD | LENDINGTREE INC NEW | TREE | +121,993 | +$6.5M | -$4.0M |
| EXITED | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | -72,480 | -$6.0M | $0 |
| EXITED | POTBELLY CORP | 73754Y100 | -338,779 | -$5.8M | $0 |
| ADD | INNOVATIVE SOLUTIONS & SUPPO | ISSC | +288,479 | +$5.5M | +$2.0M |
| EXITED | GAMBLING COM GROUP LIMITED | G3R239101 | -628,315 | -$5.1M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025156 pos · $1.71B
- 13F HOLDINGS REPORTQ/E Sep 2025160 pos · $1.73B
- 13F HOLDINGS REPORTQ/E Jun 2025163 pos · $1.63B
- 13F HOLDINGS REPORTQ/E Mar 2025164 pos · $1.53B
- 13F HOLDINGS REPORTQ/E Dec 2024168 pos · $1.83B
- 13F HOLDINGS REPORTQ/E Sep 2024169 pos · $1.81B
- 13F HOLDINGS REPORTQ/E Jun 2024175 pos · $1.71B
- 13F HOLDINGS REPORTQ/E Mar 2024176 pos · $1.76B
- 13F HOLDINGS REPORTQ/E Dec 2023231 pos · $1.56B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | STONEX GROUP INC | SNEX | 707,835 | $67.3M | 5.86% |
| 2 | RADNET INC | RDNT | 651,169 | $46.5M | 4.04% |
| 3 | LAUREATE EDUCATION INC | LAUR | 1,272,453 | $42.8M | 3.73% |
| 4 | ALPHABET INC | GOOG | 131,651 | $41.2M | 3.59% |
| 5 | ARCOSA INC | ACA | 361,494 | $38.4M | 3.35% |
| 6 | GLOBAL SHIP LEASE INC NEW | GSL-PB | 971,790 | $34.1M | 2.96% |
| 7 | UNIVERSAL TECHNICAL INST INC | UTI | 1,169,843 | $30.6M | 2.66% |
| 8 | SIRIUSPOINT LTD | SPNT | 1,390,091 | $30.4M | 2.65% |
| 9 | SILA REALTY TRUST INC | SILA | 1,255,395 | $29.3M | 2.55% |
| 10 | VITESSE ENERGY INC | VTS | 1,438,529 | $27.7M | 2.41% |
| 11 | LIQUIDITY SVCS INC | 53635B107 | 910,246 | $27.6M | 2.40% |
| 12 | LEGALZOOM COM INC | LZ | 2,627,047 | $26.1M | 2.27% |
| 13 | A10 NETWORKS INC | ATEN | 1,435,626 | $25.4M | 2.21% |
| 14 | VERRA MOBILITY CORP | VRRM | 1,127,560 | $25.3M | 2.20% |
| 15 | FIRST INTST BANCSYSTEM INC | 32055Y201 | 723,818 | $25.0M | 2.18% |
| 16 | LENDINGTREE INC NEW | TREE | 469,647 | $24.9M | 2.17% |
| 17 | CAVCO INDS INC DEL | 149568107 | 42,051 | $24.8M | 2.16% |
| 18 | ENOVA INTL INC | 29357K103 | 150,578 | $23.7M | 2.06% |
| 19 | ROYALTY PHARMA PLC | RPRX | 600,166 | $23.2M | 2.02% |
| 20 | NPK INTERNATIONAL INC | NPKI | 1,852,804 | $22.1M | 1.92% |