PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. — 13F Holdings & Portfolio
CIK 1238990 · latest 13F-HR filed 2026-05-15
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. manages $1.73B in 13F-reported U.S. long-equity assets across 163 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SNEX (4.39%), LAUR (2.36%), UTI (2.24%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 21 new positions, exited 14, added to 53, and trimmed 57.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$1.73B
Long-equity book
163
Distinct positions
2026-03-31
Filed 2026-05-15
+21 / −14 / ↑53 / ↓57
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TIDEWATER INC NEW$12.2M +72.5%
- STONEX GROUP INC$8.8M +13.0%
- A10 NETWORKS INC$8.4M +32.9%
- UNIVERSAL TECHNICAL INST INC$8.3M +27.2%
- SELECT WATER SOLUTIONS INC$7.6M +48.1%
Top Trims
- RADNET INC-$13.2M -28.4%
- AMERIPRISE FINL INC-$11.8M -91.4%
- LEGALZOOM COM INC-$10.8M -41.5%
- ALPHABET INC-$10.4M -25.1%
- VERRA MOBILITY CORP-$8.9M -35.1%
New Positions
- JEFFERSON CAPITAL INC$21.5M
- SEA LTD$11.0M
- AMRIZE LTD$8.9M
- TRIMAS CORP$8.8M
- ARES CAPITAL CORP$7.1M
Exited Positions
- HEALTHSTREAM INC$10.4M
- ALEXANDER & BALDWIN INC NEW$7.2M
- FRANKLIN COVEY CO$5.2M
- AT&T INC$5.2M
- ALLIENT INC$4.8M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STONEX GROUP INC | SNEX | 861896108 | $76.1M | 4.39% | 943,579 | SH |
| 2 | LAUREATE ED INC | LAUR | 518613203 | $40.9M | 2.36% | 1,172,881 | SH |
| 3 | UNIVERSAL TECHNICAL INST INC | UTI | 913915104 | $38.9M | 2.24% | 1,076,866 | SH |
| 4 | ARCOSA INC | ACA | 039653100 | $38.5M | 2.22% | 362,326 | SH |
| 5 | A10 NETWORKS INC | ATEN | 002121101 | $33.8M | 1.95% | 1,459,910 | SH |
| 6 | RADNET INC | RDNT | 750491102 | $33.3M | 1.92% | 595,280 | SH |
| 7 | SILA REALTY TRUST INC | SILA | 146280508 | $31.9M | 1.84% | 1,347,510 | SH |
| 8 | ALPHABET INC | GOOGL | 02079K305 | $30.9M | 1.78% | 107,293 | SH |
| 9 | SIRIUSPOINT LTD | SPNT | G8192H106 | $30.5M | 1.76% | 1,415,529 | SH |
| 10 | TIDEWATER INC NEW | TDW | 88642R109 | $29.1M | 1.68% | 347,913 | SH |
| 11 | ROYALTY PHARMA PLC | RPRX | G7709Q104 | $28.7M | 1.66% | 598,617 | SH |
| 12 | LIQUIDITY SVCS INC | LQDT | 53635B107 | $28.1M | 1.62% | 920,394 | SH |
| 13 | LENDINGTREE INC | TREE | 52603B107 | $27.7M | 1.60% | 647,038 | SH |
| 14 | GLOBAL SHIP LEASE INC | GSL | Y27183600 | $26.7M | 1.54% | 718,073 | SH |
| 15 | NPK INTERNATIONAL INC | NPKI | 651718504 | $26.4M | 1.52% | 1,818,790 | SH |
| 16 | DOUGLAS DYNAMICS INC | PLOW | 25960R105 | $26.2M | 1.51% | 621,845 | SH |
| 17 | CAVCO INDS INC DEL | CVCO | 149568107 | $24.7M | 1.42% | 50,991 | SH |
| 18 | FIRST INTST BANCSYSTEM INC | FIBK | 32055Y201 | $24.6M | 1.42% | 735,419 | SH |
| 19 | PRICESMART INC | PSMT | 741511109 | $24.4M | 1.41% | 162,193 | SH |
| 20 | VITESSE ENERGY INC | VTS | 92852X103 | $24.2M | 1.40% | 1,333,720 | SH |
| 21 | PAR PAC HOLDINGS INC | PARR | 69888T207 | $23.6M | 1.36% | 377,208 | SH |
| 22 | SELECT WATER SOLUTIONS INC | WTTR | 81617J301 | $23.4M | 1.35% | 1,528,895 | SH |
| 23 | BUNGE GLOBAL SA | BG | H11356104 | $23.2M | 1.34% | 182,206 | SH |
| 24 | GREEN BRICK PARTNERS INC | GRBK | 392709101 | $23.1M | 1.33% | 358,341 | SH |
| 25 | I3 VERTICALS INC | IIIV | 46571Y107 | $23.1M | 1.33% | 1,032,606 | SH |
| 26 | JEFFERSON CAPITAL INC | JCAP | 47248R103 | $21.5M | 1.24% | 1,115,885 | SH |
| 27 | ENOVA INTL INC | ENVA | 29357K103 | $20.8M | 1.20% | 153,472 | SH |
| 28 | ARTISAN PARTNERS ASSET MGMT | APAM | 04316A108 | $20.1M | 1.16% | 551,336 | SH |
| 29 | RENTOKIL INITIAL PLC | RTO | 760125104 | $18.9M | 1.09% | 600,913 | SH |
| 30 | PIMCO DYNAMIC INCOME STRATEG | PDX | 69346N107 | $18.8M | 1.08% | 852,325 | SH |
| 31 | ADDUS HOMECARE CORP | ADUS | 006739106 | $18.2M | 1.05% | 193,890 | SH |
| 32 | BLUELINX HLDGS INC | BXC | 09624H208 | $17.4M | 1.01% | 321,874 | SH |
| 33 | SPROUTS FMRS MKT INC | SFM | 85208M102 | $16.8M | 0.97% | 217,615 | SH |
| 34 | VERRA MOBILITY CORP | VRRM | 92511U102 | $16.4M | 0.95% | 1,147,170 | SH |
| 35 | MERCADOLIBRE INC | MELI | 58733R102 | $16.2M | 0.93% | 9,368 | SH |
| 36 | MICROSOFT CORP | MSFT | 594918104 | $15.9M | 0.92% | 43,004 | SH |
| 37 | LEGALZOOM COM INC | LZ | 52466B103 | $15.2M | 0.88% | 2,689,270 | SH |
| 38 | IQVIA HLDGS INC | IQV | 46266C105 | $15.1M | 0.87% | 88,490 | SH |
| 39 | VIANT TECHNOLOGY INC | DSP | 92557A101 | $15.1M | 0.87% | 1,347,163 | SH |
| 40 | KKR & CO INC | KKR | 48251W104 | $14.9M | 0.86% | 161,614 | SH |
| 41 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $14.9M | 0.86% | 31,130 | SH |
| 42 | HILLMAN SOLUTIONS CORP | HLMN | 431636109 | $14.8M | 0.85% | 1,774,109 | SH |
| 43 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $13.9M | 0.80% | 140,137 | SH |
| 44 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $13.4M | 0.77% | 27,325 | SH |
| 45 | CSW INDUSTRIALS INC | CSW | 126402106 | $13.3M | 0.77% | 50,987 | SH |
| 46 | BRIGHTVIEW HLDGS INC | BV | 10948C107 | $13.2M | 0.76% | 1,116,831 | SH |
| 47 | JPMORGAN CHASE & CO | JPM | 46625H100 | $13.1M | 0.75% | 44,452 | SH |
| 48 | EOG RES INC | EOG | 26875P101 | $13.1M | 0.75% | 90,328 | SH |
| 49 | BRIGHTSPIRE CAPITAL INC | BRSP | 10949T109 | $12.9M | 0.75% | 2,309,774 | SH |
| 50 | PAYSIGN INC | PAYS | 70451A104 | $12.1M | 0.70% | 2,058,210 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $1.73B | 163 | 0001398344-26-009222 |
| 2025-12-31 | 2026-02-17 | $1.71B | 156 | 0001398344-26-003220 |
| 2025-09-30 | 2025-11-14 | $1.73B | 160 | 0001398344-25-020910 |