HolderBook

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1238990
Reported value
$2.0B
Positions
164
Top 10 weight
23.0%
Filed
2026-08-14
Days after quarter end
45

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
STONEX GROUP INCSNEX$82.2M694,0904.07%-0.32pp24q-26.4%-$29.6M
ARCOSA INCACA$50.5M347,5402.50%+0.28pp23q-4.1%-$2.1M
UNIVERSAL TECHNICAL INST INCUTI$46.9M1,096,0782.32%+0.08pp25q+1.8%+$821.7K
LAUREATE ED INCLAUR$45.0M1,240,0722.23%-0.13pp10q+5.7%+$2.4M
A10 NETWORKS INCATEN$44.4M1,188,7472.20%+0.25pp18q-18.6%-$10.1M
MARVELL TECHNOLOGY INCMRVL$42.0M140,8732.08%+1.28pp3q+0.5%+$219.2K
ENOVA INTL INCENVA$39.1M162,6291.94%+0.73pp4q+6.0%+$2.2M
RADNET INCRDNT$39.1M633,2721.93%+0.01pp28q+6.4%+$2.3M
ALPHABET INCGOOGL$38.5M107,6281.90%+0.12pp20qHELD
LIQUIDITY SVCS INCLQDT$37.3M954,7351.85%+0.22pp16q+3.7%+$1.3M
TRIMAS CORPTRS$36.4M807,2921.80%+1.29pp2q+229.9%+$25.3M
SIRIUSPOINT LTDSPNT$36.0M1,501,9761.78%+0.02pp6q+6.1%+$2.1M
DOUGLAS DYNAMICS INCPLOW$35.6M659,3191.76%+0.25pp31q+6.0%+$2.0M
ROYALTY PHARMA PLCRPRX$33.5M597,9381.66%flat10qHELD
PRICESMART INCPSMT$33.5M171,3481.66%+0.25pp6q+5.6%+$1.8M
CAVCO INDS INC DELCVCO$33.1M53,9301.64%+0.21pp12q+5.8%+$1.8M
LENDINGTREE INCTREE$32.1M725,6751.59%-0.01pp5q+12.2%+$3.5M
GREEN BRICK PARTNERS INCGRBK$30.4M380,3871.51%+0.17pp31q+6.2%+$1.8M
FIRST INTST BANCSYSTEM INCFIBK$30.0M778,0061.48%+0.07pp7q+5.8%+$1.6M
SELECT WATER SOLUTIONS INCWTTR$28.7M1,435,4151.42%+0.07pp16q-6.1%-$1.9M
GLOBAL SHIP LEASE INCGSL$28.6M761,0801.42%-0.13pp28q+6.0%+$1.6M
JEFFERSON CAPITAL INCJCAP$28.2M1,446,8181.39%+0.16pp2q+29.7%+$6.4M
NPK INTERNATIONAL INCNPKI$27.7M1,738,8571.37%-0.15pp8q-4.4%-$1.3M
VITESSE ENERGY INCVTS$25.0M1,586,9241.24%-0.16pp14q+19.0%+$4.0M
ST JOE COJOE$23.6M376,8591.17%-newNEW
I3 VERTICALS INCIIIV$23.5M1,099,4861.16%-0.17pp6q+6.5%+$1.4M
TIDEWATER INC NEWTDW$22.8M342,3561.13%-0.55pp11q-1.6%-$370.3K
ADDUS HOMECARE CORPADUS$20.9M208,1351.03%-0.01pp31q+7.3%+$1.4M
BLUELINX HLDGS INCBXC$20.8M336,3081.03%+0.02pp31q+4.5%+$893.2K
SPROUTS FMRS MKT INCSFM$20.8M245,6081.03%+0.06pp22q+12.9%+$2.4M
ARTISAN PARTNERS ASSET MGMTAPAM$20.5M594,7801.02%-0.14pp7q+7.9%+$1.5M
PAR PAC HOLDINGS INCPARR$19.4M345,1150.96%-0.41pp31q-8.5%-$1.8M
VIANT TECHNOLOGY INCDSP$19.0M1,501,4870.94%+0.07pp9q+11.5%+$2.0M
COHEN & STEERS INCCNS$18.3M240,1600.90%-newNEW
LEGALZOOM COM INCLZ$17.5M2,850,5010.86%-0.02pp6q+6.0%+$988.3K
RENTOKIL INITIAL PLCRTO$17.3M603,7390.85%-0.24pp9qHELD
PAYSIGN INCPAYS$17.0M2,073,5800.84%+0.14pp4q+0.7%+$125.9K
BRIGHTVIEW HLDGS INCBV$16.8M1,184,0420.83%+0.07pp25q+6.0%+$952.4K
AGILYSYS INCAGYS$16.6M159,0800.82%+0.57pp31q+153.7%+$10.1M
IQVIA HLDGS INCIQV$16.2M84,0130.80%-0.07pp7q-5.1%-$865.0K
MICROSOFT CORPMSFT$16.1M43,1120.80%-0.12pp31qHELD
HILLMAN SOLUTIONS CORPHLMN$15.9M1,880,8390.79%-0.07pp13q+6.0%+$900.8K
MERCADOLIBRE INCMELI$15.8M9,2880.78%-0.15pp6q-0.9%-$135.8K
BERKSHIRE HATHAWAY INC DELBRKB$15.6M31,1980.77%-0.09pp31qHELD
CSW INDUSTRIALS INCCSW$15.1M54,2880.75%-0.02pp31q+6.5%+$918.7K
MADDEN STEVEN LTDSHOO$15.1M357,6200.75%+0.09pp31q+6.1%+$865.8K
AMRIZE LTDAMRZ$15.0M280,9020.74%+0.23pp2q+77.5%+$6.5M
KKR & CO INCKKR$14.9M161,9100.74%-0.13pp17qHELD
JPMORGAN CHASE & COJPM$14.6M44,6470.72%-0.03pp31qHELD
PIMCO DYNAMIC INCOME STRATEGPDX$14.6M701,2890.72%-0.36pp24q-17.7%-$3.1M
ALEXANDERS INCALX$14.2M51,4090.70%+0.42pp2q+151.8%+$8.5M
BUNGE GLOBAL SABG$14.0M131,5190.69%-0.64pp11q-27.8%-$5.4M
THERMO FISHER SCIENTIFIC INCTMO$13.6M27,1700.67%-0.10pp21q-0.6%-$77.7K
FIRST TR HIGH YIELD OPPRT 20FTHY$13.2M966,8360.66%-0.04pp23q+9.0%+$1.1M
MATCH GROUP INC NEWMTCH$13.2M346,3820.65%-0.02pp13q-8.8%-$1.3M
BRIGHTSPIRE CAPITAL INCBRSP$13.1M2,395,9500.65%-0.10pp14q+3.7%+$469.7K
CLIMB GLOBAL SOLUTIONS INCCLMB$12.8M551,9100.63%flat24qHELD
SEA LTDSE$12.7M132,7050.63%-0.01pp2qHELD
RF INDS LTDRFIL$12.5M588,1150.62%+0.13pp25q-28.5%-$5.0M
ALAMO GROUP INCALG$12.4M75,5890.62%-0.06pp31q+6.6%+$765.2K
EOG RES INCEOG$11.7M90,5390.58%-0.17pp15qHELD
SALESFORCE INCCRM$11.7M74,8750.58%-newNEW
APOLLO GLOBAL MGMT INCAPO$11.6M98,1390.57%-0.05pp4qHELD
LEGACY HOUSING CORPLEGH$11.2M427,6650.56%+0.05pp19qHELD
UNITEDHEALTH GROUP INCUNH$11.2M27,0210.56%+0.13pp4qHELD
TARGET CORPTGT$11.2M85,9630.56%-0.04pp31qHELD
DISNEY WALT CODIS$11.2M116,1860.55%-0.09pp30qHELD
CLEARFIELD INCCLFD$11.0M277,6100.55%+0.10pp10q-4.1%-$477.5K
KINDER MORGAN INC DELKMI$10.6M331,6780.52%-0.12pp22qHELD
PIEDMONT REALTY TRUST INCPDM$10.6M1,153,1530.52%+0.31pp2q+109.7%+$5.5M
AMERICAN PUB ED INCAPEI$10.5M195,0000.52%-0.12pp5qHELD
INNOVATIVE SOLUTIONS & SUPPOISSC$10.3M569,9630.51%-0.11pp12q+9.9%+$924.2K
WASTE MGMT INC DELWM$10.2M45,7550.50%-0.10pp31qHELD
LINCOLN EDL SVCS CORPLINC$10.0M200,5500.50%-0.10pp23q-20.5%-$2.6M
CARRIAGE SVCS INCCSV$9.6M249,4040.47%-0.22pp6q-5.4%-$550.0K
NORTHRIM BANCORP INCNRIM$9.5M342,9600.47%+0.04pp5q+5.1%+$459.1K
TACTILE SYS TECHNOLOGY INCTCMD$9.4M315,0000.46%+0.01pp7q+5.0%+$446.7K
ARHAUS INCARHS$9.4M1,110,7550.46%+0.03pp12qHELD
ELECTROMED INCELMD$9.2M218,5200.46%+0.15pp31q-2.7%-$253.8K
BRIDGEWATER BANCSHARES INCBWB$9.1M434,6600.45%+0.01pp31qHELD
ELEVANCE HEALTH INC FORMERLYELV$9.0M23,2230.44%+0.05pp31qHELD
AMERICAN COASTAL INS CORPACIC$9.0M808,7050.44%-0.08pp8qHELD
BUILDERS FIRSTSOURCE INCBLDR$9.0M100,2110.44%-0.17pp22q-22.0%-$2.5M
ULTA BEAUTY INCULTA$8.9M19,7230.44%-0.15pp8qHELD
DEERE & CODE$8.8M13,8250.43%-0.01pp31qHELD
ORACLE CORPORCL$8.8M59,7420.43%-0.07pp31qHELD
NVE CORPNVEC$8.5M81,2150.42%+0.03pp25q-21.6%-$2.3M
REPUBLIC SVCS INCRSG$8.2M38,6460.41%-0.12pp31q-8.1%-$727.7K
BLACKSTONE MORTGAGE TRUST INBXMT$8.1M476,1880.40%-0.13pp7q-1.5%-$126.0K
INFUSYSTEM HLDGS INCINFU$8.1M834,7500.40%-0.05pp29qHELD
CASS INFORMATION SYS INCCASS$8.0M156,5270.40%+0.11pp2q+38.4%+$2.2M
MIMEDX GROUP INCMDXG$7.9M2,058,0890.39%-0.07pp10q+1.9%+$147.7K
ARES CAPITAL CORPARCC$7.9M425,8780.39%-0.02pp2q+8.8%+$639.9K
MILLER INDS INC TENNMLR$7.8M153,0700.39%+0.10pp3q+38.6%+$2.2M
ROYCE MICRO-CAP TR INCRMT$7.7M522,6650.38%+0.02pp31q-4.2%-$336.7K
TRANSCAT INCTRNS$7.4M80,0870.37%+0.09pp31q+23.6%+$1.4M
NATURES SUNSHINE PRODS INCNATR$7.4M340,0000.37%-0.10pp5qHELD
IDAHO STRATEGIC RESOURCESIDR$7.3M222,2200.36%-0.02pp5q+7.2%+$491.2K
BOEING COBAPRA$7.0M104,1450.35%-0.05pp7q-1.6%-$114.1K
SS&C TECH HLDGSSSNC$6.9M111,1730.34%-0.24pp31q-25.3%-$2.3M
FLEXSTEEL INDS INCFLXS$6.8M91,5250.34%+0.10pp22qHELD
SMARTRENT INCSMRT$6.3M5,292,8800.31%-0.12pp3q+5.2%+$309.4K
FIRST WESTN FINL INCMYFW$6.3M195,0000.31%-0.04pp27q-21.4%-$1.7M
VIEMED HEALTHCARE INCVMD$6.1M533,4660.30%+0.02pp16q-0.7%-$44.4K
UFP TECHNOLOGIES INCUFPT$6.0M22,7000.30%+0.04pp31qHELD
RESEARCH SOLUTIONS INCRSSS$5.9M2,552,4550.29%-0.04pp20qHELD
DUKE ENERGY CORP NEWDUK$5.9M46,6770.29%-0.07pp5q-1.9%-$116.5K
GRAHAM CORPGHM$5.5M44,6050.27%+0.01pp11q-21.9%-$1.6M
HACKETT GROUP INCHCKT$5.1M474,7070.25%-0.08pp31q+6.5%+$311.3K
CIVEO CORP CDACVEO$5.1M145,0000.25%+0.01pp16q-8.4%-$464.1K
HEARTLAND EXPRESS INCHTLD$5.0M331,7650.25%+0.05pp3qHELD
OPTEX SYS HLDGS INCOPXS$4.8M339,7400.24%-0.01pp14q+5.0%+$228.2K
LSI INDS INC OHIOLYTS$4.5M167,5790.22%-newNEW
OXFORD INDS INCOXM$4.3M122,4470.21%-0.06pp2q-0.8%-$34.6K
RCM TECHNOLOGIES INCRCMT$4.1M145,1800.20%+0.03pp6q-5.4%-$235.2K
PLUMAS BANCORPPLBC$3.8M65,5280.19%-0.01pp29q-5.4%-$219.0K
JOURNEY MED CORPDERM$3.8M536,0000.19%-newNEW
KEWAUNEE SCIENTIFIC CORPKEQU$3.7M105,5450.19%-0.01pp6q+4.8%+$172.0K
ALPS ETF TRAMLP$3.6M68,9130.18%-0.04pp25q-1.4%-$50.7K
WHIRLPOOL CORPWHRPRA$3.5M99,3350.17%-0.06pp2q-0.9%-$32.3K
KKR & CO INCKKRPRD$3.4M85,7750.17%-0.03pp6q-1.2%-$41.2K
SILVERCREST ASSET MGMT GROUPSAMG$3.3M325,9210.16%-0.03pp2q+33.0%+$817.8K
KARAT PACKAGING INCKRT$3.3M98,3200.16%+0.05pp14q+42.3%+$977.2K
QXO INCQXOPRB$3.2M65,0600.16%-0.05pp5q-1.9%-$61.2K
PRO-DEX INC COLOPDEX$3.1M52,7350.15%-0.02pp29q-14.6%-$526.9K
EPSILON ENERGY LTDEPSN$2.7M506,8800.14%-0.03pp17q+6.3%+$162.3K
MAMAS CREATIONS INCMAMA$2.7M150,0000.13%-0.01pp11q-9.1%-$267.8K
FIRSTSUN CAP BANCORPFSUN$2.5M64,3320.12%-newNEW
HERITAGE GLOBAL INCHGBL$2.4M2,021,4580.12%-0.06pp24q-9.9%-$269.5K
ISHARES TRIWV$2.4M5,5660.12%flat11q+1.4%+$33.7K
HCI GROUP INCHCI$2.1M12,0000.10%flat8qHELD
SAN JUAN BASIN RTY TRSJT$2.1M641,4140.10%-0.16pp4q-31.7%-$956.0K
IRADIMED CORPIRMD$1.9M20,0000.09%flat4q+17.6%+$286.7K
OMEGA FLEX INCOFLX$1.9M60,5150.09%+0.02pp2q+39.1%+$534.1K
TAYLOR DEVICES INCTAYD$1.9M32,3000.09%-0.01pp11qHELD
NORTHEAST BK PORTLAND MENBN$1.9M14,0000.09%flat9q-5.0%-$98.1K
PARK DENTAL PARTNERS INCPARK$1.4M67,0200.07%-newNEW
ACRES COMMERCIAL REALTY CORPACR$1.3M72,2650.06%-newNEW
LEGACY ED INCLGCY$1.2M100,0000.06%-0.08pp6q-45.9%-$999.6K
AMERIPRISE FINL INCAMP$1.2M2,5070.06%-0.01pp31q+0.7%+$7.8K
ACCESS NEWSWIRE INCACCS$981.2K150,9500.05%-0.03pp31q-1.0%-$9.5K
MOUNT LOGAN CAP INCMLCI$635.0K184,5920.03%-0.01pp4q-15.7%-$118.0K
TALKSPACE INCTALK$419.5K80,6740.02%-0.11pp2q-82.1%-$1.9M
ARCOS DORADOS HLDGS INCARCO$381.2K47,2950.02%+0.01pp2q+166.4%+$238.1K
PDF SOLUTIONS INCPDFS$366.3K5,1750.02%+0.01pp2q-20.1%-$92.4K
MINIMED GROUP INCMMED$292.3K19,5500.01%-newNEW
TALEN ENERGY CORPTLN$272.8K7100.01%flat5q-5.3%-$15.4K
KNOWLES CORPKN$248.1K5,9800.01%-newNEW
BLACKROCK TECH AND PRIVATE EBTX$224.9K24,9050.01%flat2qHELD
CHEMED CORP NEWCHE$218.9K4700.01%-newNEW
LAMAR ADVERTISING COLAMR$203.6K1,3050.01%flat3q-19.4%-$49.1K
TFS FINL CORPTFSL$195.3K11,0200.01%flat2qHELD
WESTERN ASSET DIVERSIFIED INWDI$160.8K11,8550.01%flat2qHELD
CION INVT CORPCION$117.9K18,9200.01%flat3q+27.5%+$25.4K
ISHARES TRIWC$79.6K3980.00%flat8qHELD
ISHARES TRIWM$55.6K1850.00%flat27qHELD
ISHARES TRIVV$44.2K590.00%flat21q+40.5%+$12.7K
ISHARES TRAGG$29.7K3000.00%flat21qHELD
ISHARES TRIJR$24.3K1640.00%flat27q+7.9%+$1.8K
ISHARES TRIVW$20.1K1460.00%flat2q-19.8%-$5.0K
ISHARES TRHYG$15.4K1920.00%flat8q+14.3%+$1.9K
ISHARES TRIEFA$10.7K1110.00%flat7q+6.7%
ISHARES TRLQD$10.5K960.00%flat14q+15.7%+$1.4K
ISHARES TRIXUS$4.0K420.00%-newNEW

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Business Services 14.0%Software & IT Services 9.3%Banks & Lending 8.7%Industrials 8.4%Capital Markets 7.6%Retail & Consumer 5.6%Energy 4.9%Construction & Building 4.8%Insurance 4.1%Semiconductors & Electronics 3.9%Real Estate 3.5%Healthcare Services 3.4%Other sectors 20.8%Not classified 1.2%
 
SectorValueShare
Business Services$282.6M14.0%
Software & IT Services$188.6M9.3%
Banks & Lending$175.5M8.7%
Industrials$168.8M8.4%
Capital Markets$152.6M7.6%
Retail & Consumer$112.4M5.6%
Energy$98.2M4.9%
Construction & Building$96.6M4.8%
Insurance$83.0M4.1%
Semiconductors & Electronics$78.7M3.9%
Real Estate$70.9M3.5%
Healthcare Services$68.1M3.4%
Other sectors$419.7M20.8%
Not classified$25.2M1.2%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$2.0B1641263501123.0%45
Q1 2026$1.7B1632173391422.1%45
Q4 2025$1.7B156763361122.7%48
Q3 2025$1.7B1601064371322.4%45
Q2 2025$1.6B1631192281221.5%45
Q1 2025$1.5B1641054811421.4%45
Q4 2024$1.8B1681145791221.8%45
Q3 2024$1.8B1691068601621.4%45
Q2 2024$1.7B17557943620.4%45
Q1 2024$1.8B176761976120.6%45
Q4 2023$1.7B2301268801320.4%46
Q3 2023$1.6B2311185531620.7%26
Q2 2023$1.6B2361656761120.3%45
Q1 2023$1.6B2312254841519.9%45
Q4 2022$1.5B2241789521419.0%45
Q3 2022$1.4B221689422119.7%45
Q2 2022$1.4B2361171841320.4%46
Q1 2022$1.8B23812126462020.6%46
Q4 2021$1.9B24618114431321.7%46
Q3 2021$1.7B2411578501919.1%46
Q2 2021$1.8B2452472751719.2%72
Q1 2021$1.7B23823112562018.6%48
Q4 2020$1.4B2352370982319.5%47
Q3 2020$1.2B2351874831119.2%47
Q2 2020$1.1B2282979672220.0%45
Q1 2020$839.2M2212174633519.4%45
Q4 2019$1.3B2353386771019.2%45
Q3 2019$1.2B2121985531218.5%45
Q2 2019$1.2B2051391381317.3%45
Q1 2019$1.2B20512135222216.7%44
Q4 2018$1.0B215000017.0%45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.