PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. — 13F Holdings & Portfolio
CIK 1238990 · latest 13F-HR filed 2026-08-14
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. manages $2.02B in 13F-reported U.S. long-equity assets across 164 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SNEX (4.07%), ACA (2.50%), UTI (2.32%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 12 new positions, exited 11, added to 93, and trimmed 27.
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.
SUITE 300
EDINA, MN 55435
$2.02B
Long-equity book
164
Distinct positions
2026-06-30
Filed 2026-08-14
+12 / −11 / ↑93 / ↓27
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- MARVELL TECHNOLOGY INC$28.1M +202.3%
- TRIMAS CORP$27.6M +313.3%
- ENOVA INTL INC$18.3M +87.8%
- AGILYSYS INC$12.2M +272.6%
- ARCOSA INC$12.0M +31.3%
Top Trims
- BUNGE GLOBAL SA-$9.1M -39.4%
- TIDEWATER INC NEW-$6.3M -21.5%
- PAR PAC HOLDINGS INC-$4.3M -18.1%
- PIMCO DYNAMIC INCOME STRATEG-$4.2M -22.3%
- SS&C TECH HLDGS-$3.2M -31.4%
New Positions
- ST JOE CO$23.6M
- COHEN & STEERS INC$18.3M
- SALESFORCE INC$11.7M
- LSI INDS INC OHIO$4.5M
- JOURNEY MED CORP$3.8M
Exited Positions
- SILA REALTY TRUST INC$31.9M
- VERRA MOBILITY CORP$16.4M
- JOHNSON & JOHNSON$9.1M
- AVANOS MED INC$6.1M
- ORACLE CORP$3.8M
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 | $82.2M | 4.07% | 694,090 | SH |
| 2 | ARCOSA INC | ACA | 039653100 | $50.5M | 2.50% | 347,540 | SH |
| 3 | UNIVERSAL TECHNICAL INST INC | UTI | 913915104 | $46.9M | 2.32% | 1,096,078 | SH |
| 4 | LAUREATE ED INC | LAUR | 518613203 | $45.0M | 2.23% | 1,240,072 | SH |
| 5 | A10 NETWORKS INC | ATEN | 002121101 | $44.4M | 2.20% | 1,188,747 | SH |
| 6 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $42.0M | 2.08% | 140,873 | SH |
| 7 | ENOVA INTL INC | ENVA | 29357K103 | $39.1M | 1.94% | 162,629 | SH |
| 8 | RADNET INC | RDNT | 750491102 | $39.1M | 1.93% | 633,272 | SH |
| 9 | ALPHABET INC | GOOGL | 02079K305 | $38.5M | 1.90% | 107,628 | SH |
| 10 | LIQUIDITY SVCS INC | LQDT | 53635B107 | $37.3M | 1.85% | 954,735 | SH |
| 11 | TRIMAS CORP | TRS | 896215209 | $36.4M | 1.80% | 807,292 | SH |
| 12 | SIRIUSPOINT LTD | SPNT | G8192H106 | $36.0M | 1.78% | 1,501,976 | SH |
| 13 | DOUGLAS DYNAMICS INC | PLOW | 25960R105 | $35.6M | 1.76% | 659,319 | SH |
| 14 | ROYALTY PHARMA PLC | RPRX | G7709Q104 | $33.5M | 1.66% | 597,938 | SH |
| 15 | PRICESMART INC | PSMT | 741511109 | $33.5M | 1.66% | 171,348 | SH |
| 16 | CAVCO INDS INC DEL | CVCO | 149568107 | $33.1M | 1.64% | 53,930 | SH |
| 17 | LENDINGTREE INC | TREE | 52603B107 | $32.1M | 1.59% | 725,675 | SH |
| 18 | GREEN BRICK PARTNERS INC | GRBK | 392709101 | $30.4M | 1.51% | 380,387 | SH |
| 19 | FIRST INTST BANCSYSTEM INC | FIBK | 32055Y201 | $30.0M | 1.48% | 778,006 | SH |
| 20 | SELECT WATER SOLUTIONS INC | WTTR | 81617J301 | $28.7M | 1.42% | 1,435,415 | SH |
| 21 | GLOBAL SHIP LEASE INC | GSL | Y27183600 | $28.6M | 1.42% | 761,080 | SH |
| 22 | JEFFERSON CAPITAL INC | JCAP | 47248R103 | $28.2M | 1.39% | 1,446,818 | SH |
| 23 | NPK INTERNATIONAL INC | NPKI | 651718504 | $27.7M | 1.37% | 1,738,857 | SH |
| 24 | VITESSE ENERGY INC | VTS | 92852X103 | $25.0M | 1.24% | 1,586,924 | SH |
| 25 | ST JOE CO | JOE | 790148100 | $23.6M | 1.17% | 376,859 | SH |
| 26 | I3 VERTICALS INC | IIIV | 46571Y107 | $23.5M | 1.16% | 1,099,486 | SH |
| 27 | TIDEWATER INC NEW | TDW | 88642R109 | $22.8M | 1.13% | 342,356 | SH |
| 28 | ADDUS HOMECARE CORP | ADUS | 006739106 | $20.9M | 1.03% | 208,135 | SH |
| 29 | BLUELINX HLDGS INC | BXC | 09624H208 | $20.8M | 1.03% | 336,308 | SH |
| 30 | SPROUTS FMRS MKT INC | SFM | 85208M102 | $20.8M | 1.03% | 245,608 | SH |
| 31 | ARTISAN PARTNERS ASSET MGMT | APAM | 04316A108 | $20.5M | 1.02% | 594,780 | SH |
| 32 | PAR PAC HOLDINGS INC | PARR | 69888T207 | $19.4M | 0.96% | 345,115 | SH |
| 33 | VIANT TECHNOLOGY INC | DSP | 92557A101 | $19.0M | 0.94% | 1,501,487 | SH |
| 34 | COHEN & STEERS INC | CNS | 19247A100 | $18.3M | 0.90% | 240,160 | SH |
| 35 | LEGALZOOM COM INC | LZ | 52466B103 | $17.5M | 0.86% | 2,850,501 | SH |
| 36 | RENTOKIL INITIAL PLC | RTO | 760125104 | $17.3M | 0.85% | 603,739 | SH |
| 37 | PAYSIGN INC | PAYS | 70451A104 | $17.0M | 0.84% | 2,073,580 | SH |
| 38 | BRIGHTVIEW HLDGS INC | BV | 10948C107 | $16.8M | 0.83% | 1,184,042 | SH |
| 39 | AGILYSYS INC | AGYS | 00847J105 | $16.6M | 0.82% | 159,080 | SH |
| 40 | IQVIA HLDGS INC | IQV | 46266C105 | $16.2M | 0.80% | 84,013 | SH |
| 41 | MICROSOFT CORP | MSFT | 594918104 | $16.1M | 0.80% | 43,112 | SH |
| 42 | HILLMAN SOLUTIONS CORP | HLMN | 431636109 | $15.9M | 0.79% | 1,880,839 | SH |
| 43 | MERCADOLIBRE INC | MELI | 58733R102 | $15.8M | 0.78% | 9,288 | SH |
| 44 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $15.6M | 0.77% | 31,198 | SH |
| 45 | CSW INDUSTRIALS INC | CSW | 126402106 | $15.1M | 0.75% | 54,288 | SH |
| 46 | MADDEN STEVEN LTD | SHOO | 556269108 | $15.1M | 0.75% | 357,620 | SH |
| 47 | AMRIZE LTD | AMRZ | H2927K103 | $15.0M | 0.74% | 280,902 | SH |
| 48 | KKR & CO INC | KKR | 48251W104 | $14.9M | 0.74% | 161,910 | SH |
| 49 | JPMORGAN CHASE & CO | JPM | 46625H100 | $14.6M | 0.72% | 44,647 | SH |
| 50 | PIMCO DYNAMIC INCOME STRATEG | PDX | 69346N107 | $14.6M | 0.72% | 701,289 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $2.02B | 164 | 0001398344-26-014516 |
| 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 |