Q2 2025 · 13F-HR
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.holdings as filed
Filed 2025-08-14 · accession 0001398344-25-015398
$1.63B
Reported value
163
Positions
2025-06-30
Period end
The Brief · PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. · Q2 2025
AI · grounded in 13F
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. established a new position in SNEX valued at $66.2M. The fund also initiated new stakes in RDNT for $39.7M and LAUR for $35.1M. Other new additions include UTI at $34.4M, GSL at $31.6M, and ACA at $31.5M. Total assets under management stand at $1.63B across 163 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 861896108 | SNEX | STONEX GROUP INC | $66.2M | 4.07% | 726,426 | Common | NONE |
| 750491102 | RDNT | RADNET INC | $39.7M | 2.44% | 697,275 | Common | NONE |
| 518613203 | LAUR | LAUREATE EDUCATION INC | $35.1M | 2.16% | 1,501,764 | Common | NONE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $34.4M | 2.12% | 1,016,160 | Common | NONE |
| Y27183600 | GSL | GLOBAL SHIP LEASE INC NEW | $31.6M | 1.95% | 1,202,687 | Common | NONE |
| 039653100 | ACA | ARCOSA INC | $31.5M | 1.94% | 363,796 | Common | NONE |
| 92511U102 | VRRM | VERRA MOBILITY CORP | $28.7M | 1.76% | 1,128,770 | Common | NONE |
| 85208M102 | SFM | SPROUTS FMRS MKT INC | $28.3M | 1.74% | 171,709 | Common | NONE |
| 146280508 | SILA | SILA REALTY TRUST INC | $26.8M | 1.65% | 1,133,672 | Common | NONE |
| 002121101 | ATEN | A10 NETWORKS INC | $26.6M | 1.64% | 1,375,889 | Common | NONE |
| 69346N107 | PDX | PIMCO DYNAMIC INCOME STRATEG | $26.4M | 1.62% | 1,071,547 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $24.4M | 1.50% | 138,189 | Common | NONE |
| 09624H208 | BXC | BLUELINX HLDGS INC | $24.1M | 1.48% | 323,710 | Common | NONE |
| 92852X103 | VTS | VITESSE ENERGY INC | $23.9M | 1.47% | 1,079,800 | Common | NONE |
| 392709101 | GRBK | GREEN BRICK PARTNERS INC | $23.3M | 1.43% | 369,920 | Common | NONE |
| G7709Q104 | RPRX | ROYALTY PHARMA PLC | $21.5M | 1.32% | 595,963 | Common | NONE |
| 48251W104 | KKR | KKR & CO INC | $21.2M | 1.30% | 159,352 | Common | NONE |
| 46571Y107 | IIIV | I3 VERTICALS INC | $21.1M | 1.30% | 766,643 | Common | NONE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $21.0M | 1.29% | 791,675 | Common | NONE |
| 58733R102 | MELI | MERCADOLIBRE INC | $20.4M | 1.25% | 7,797 | Common | NONE |
| 32055Y201 | FIBK | FIRST INTST BANCSYSTEM INC | $20.0M | 1.23% | 693,685 | Common | NONE |
| 04316A108 | APAM | ARTISAN PARTNERS ASSET MGMT | $19.5M | 1.20% | 439,609 | Common | NONE |
| 149568107 | CVCO | CAVCO INDS INC DEL | $18.5M | 1.14% | 42,675 | Common | NONE |
| 10948C107 | BV | BRIGHTVIEW HLDGS INC | $18.2M | 1.12% | 1,094,474 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $18.2M | 1.12% | 36,631 | Common | NONE |
| 25960R105 | PLOW | DOUGLAS DYNAMICS INC | $18.1M | 1.11% | 612,631 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $17.9M | 1.10% | 81,755 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $17.3M | 1.06% | 59,590 | Common | NONE |
| 011311107 | ALG | ALAMO GROUP INC | $15.9M | 0.98% | 72,913 | Common | NONE |
| 651718504 | NPKI | NPK INTERNATIONAL INC | $15.9M | 0.98% | 1,867,372 | Common | NONE |
| 741511109 | PSMT | PRICESMART INC | $15.9M | 0.98% | 151,201 | Common | NONE |
| 88642R109 | TDW | TIDEWATER INC NEW | $15.7M | 0.96% | 339,672 | Common | NONE |
| 53635B107 | LQDT | LIQUIDITY SVCS INC | $15.4M | 0.95% | 654,868 | Common | NONE |
| 90384S303 | ULTA | ULTA BEAUTY INC | $15.4M | 0.95% | 32,888 | Common | NONE |
| 81617J301 | WTTR | SELECT WATER SOLUTIONS INC | $15.4M | 0.95% | 1,779,600 | Common | NONE |
| 92557A101 | DSP | VIANT TECHNOLOGY INC | $15.3M | 0.94% | 1,155,133 | Common | NONE |
| 337738108 | FISV | FISERV INC | $15.3M | 0.94% | 88,616 | Common | NONE |
| H11356104 | BG | BUNGE GLOBAL SA | $15.2M | 0.93% | 188,970 | Common | NONE |
| 42222N103 | HSTM | HEALTHSTREAM INC | $15.1M | 0.93% | 545,982 | Common | NONE |
| G8192H106 | SPNT | SIRIUSPOINT LTD | $15.0M | 0.92% | 736,248 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $14.9M | 0.92% | 30,746 | Common | NONE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $14.9M | 0.92% | 127,838 | Common | NONE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $14.3M | 0.88% | 597,610 | Common | NONE |
| 126402106 | CSW | CSW INDUSTRIALS INC | $14.2M | 0.88% | 49,674 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $14.2M | 0.88% | 114,848 | Common | NONE |
| 52466B103 | LZ | LEGALZOOM COM INC | $14.2M | 0.87% | 1,590,970 | Common | NONE |
| 03076C106 | AMP | AMERIPRISE FINL INC | $14.2M | 0.87% | 26,520 | Common | NONE |
| 46266C105 | IQV | IQVIA HLDGS INC | $13.7M | 0.84% | 87,166 | Common | NONE |
| 946760105 | CLMB | CLIMB GLOBAL SOLUTIONS INC | $13.7M | 0.84% | 128,340 | Common | NONE |
| 353469109 | FC | FRANKLIN COVEY CO | $13.5M | 0.83% | 589,507 | Common | NONE |
| 006739106 | ADUS | ADDUS HOMECARE CORP | $12.8M | 0.79% | 111,300 | Common | NONE |
| 52603B107 | TREE | LENDINGTREE INC NEW | $12.8M | 0.79% | 344,583 | Common | NONE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $12.5M | 0.77% | 424,423 | Common | NONE |
| 431636109 | HLMN | HILLMAN SOLUTIONS CORP | $12.4M | 0.77% | 1,742,389 | Common | NONE |
| 602496101 | MDXG | MIMEDX GROUP INC | $12.1M | 0.74% | 1,973,932 | Common | NONE |
| 244199105 | DE | DEERE & CO | $11.8M | 0.72% | 23,160 | Common | NONE |
| 73754Y100 | PTB | POTBELLY CORP | $11.7M | 0.72% | 954,334 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $11.0M | 0.68% | 27,140 | Common | NONE |
| 404609109 | HCKT | HACKETT GROUP INC | $10.9M | 0.67% | 427,401 | Common | NONE |
| 26875P101 | EOG | EOG RES INC | $10.7M | 0.66% | 89,180 | Common | NONE |
| 28852N109 | EFC | ELLINGTON FINANCIAL INC | $10.5M | 0.65% | 811,582 | Common | NONE |
| 10949T109 | BRSP | BRIGHTSPIRE CAPITAL INC | $10.4M | 0.64% | 2,051,924 | Common | NONE |
| 830830105 | SKY | CHAMPION HOMES INC | $10.4M | 0.64% | 165,404 | Common | NONE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $10.3M | 0.63% | 140,567 | Common | NONE |
| 94106L109 | WM | WASTE MGMT INC DEL | $10.3M | 0.63% | 44,807 | Common | NONE |
| 760759100 | RSG | REPUBLIC SVCS INC | $10.2M | 0.63% | 41,555 | Common | NONE |
| 57667L107 | MTCH | MATCH GROUP INC NEW | $10.0M | 0.61% | 323,636 | Common | NONE |
| 533535100 | LINC | LINCOLN EDL SVCS CORP | $10.0M | 0.61% | 433,650 | Common | NONE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $9.9M | 0.61% | 33,176 | Common | NONE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $9.9M | 0.61% | 119,065 | Common | NONE |
| 95768B107 | HYI | WESTERN ASSET HIGH YIELD DEF | $9.7M | 0.59% | 806,469 | Common | NONE |
| 52472M101 | LEGH | LEGACY HOUSING CORP | $9.5M | 0.58% | 419,520 | Common | NONE |
| 04035M102 | ARHS | ARHAUS INC | $9.4M | 0.58% | 1,079,391 | Common | NONE |
| 71377E105 | PFMTUSD | PERFORMANT HEALTHCARE INC | $9.0M | 0.56% | 2,258,100 | Common | NONE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $9.0M | 0.55% | 23,163 | Common | NONE |
| 87612E106 | TGT | TARGET CORP | $8.6M | 0.53% | 86,678 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $8.5M | 0.53% | 55,942 | Common | NONE |
| 33741Q107 | FTHY | FIRST TR HIGH YIELD OPPRT 20 | $8.3M | 0.51% | 558,705 | Common | NONE |
| 09257W100 | BXMT | BLACKSTONE MTG TR INC | $8.3M | 0.51% | 430,155 | Common | NONE |
| 556269108 | SHOO | MADDEN STEVEN LTD | $7.9M | 0.49% | 330,429 | Common | NONE |
| G4095J109 | GLRE | GREENLIGHT CAPITAL RE LTD | $7.8M | 0.48% | 544,288 | Common | NONE |
| 18482P103 | CLFD | CLEARFIELD INC | $7.7M | 0.47% | 177,000 | Common | NONE |
| G3R239101 | GAMB | GAMBLING COM GROUP LIMITED | $7.3M | 0.45% | 617,900 | Common | NONE |
| 097023204 | BA 6 10/15/27 | BOEING CO | $7.2M | 0.44% | 105,990 | Common | NONE |
| 33751L105 | MYFW | FIRST WESTN FINL INC | $7.1M | 0.44% | 314,737 | Common | NONE |
| 17888H103 | CIVI | CIVITAS RESOURCES INC | $7.1M | 0.44% | 257,882 | Common | NONE |
| 00847J105 | AGYS | AGILYSYS INC | $7.1M | 0.44% | 61,850 | Common | NONE |
| 761025105 | RSSS | RESEARCH SOLUTIONS INC | $6.9M | 0.43% | 2,418,100 | Common | NONE |
| 108621103 | BWB | BRIDGEWATER BANCSHARES INC | $6.7M | 0.41% | 424,000 | Common | NONE |
| 910710102 | ACIC | AMERICAN COASTAL INS CORP | $6.6M | 0.41% | 596,329 | Common | NONE |
| 17878Y207 | CVEO | CIVEO CORP CDA | $6.3M | 0.39% | 273,470 | Common | NONE |
| 143905107 | CSV | CARRIAGE SVCS INC | $6.1M | 0.37% | 132,695 | Common | NONE |
| 00206R102 | T | AT&T INC | $6.0M | 0.37% | 208,314 | Common | NONE |
| 640491106 | NEOG | NEOGEN CORP | $5.9M | 0.36% | 1,240,537 | Common | NONE |
| 780915104 | RMT | ROYCE MICRO-CAP TR INC | $5.7M | 0.35% | 616,718 | Common | NONE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $5.6M | 0.34% | 47,422 | Common | NONE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC | $5.5M | 0.34% | 22,700 | Common | NONE |
| 45685K102 | INFU | INFUSYSTEM HLDGS INC | $5.5M | 0.34% | 878,500 | Common | NONE |
| 42727E103 | HGBL | HERITAGE GLOBAL INC | $5.4M | 0.34% | 2,454,053 | Common | NONE |
| 94419LAM3 | W 0.625 10/01/25 | WAYFAIR INC | $5.4M | 0.33% | 5,558,000 | Common | NONE |
| 749552105 | RFIL | RF INDS LTD | $5.2M | 0.32% | 810,859 | Common | NONE |
| 29786A106 | ETSY | ETSY INC | $5.1M | 0.32% | 102,635 | Common | NONE |
| 893529107 | TRNS | TRANSCAT INC | $4.9M | 0.30% | 57,530 | Common | NONE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $4.7M | 0.29% | 5,072,000 | Common | NONE |
| 25264R207 | BVE | DIAMOND HILL INVT GROUP INC | $4.6M | 0.28% | 31,683 | Common | NONE |
| 014491104 | ALEX | ALEXANDER & BALDWIN INC NEW | $4.6M | 0.28% | 257,451 | Common | NONE |
| 505743104 | LADR | LADDER CAP CORP | $4.5M | 0.28% | 421,618 | Common | NONE |
| 639027101 | NATR | NATURES SUNSHINE PRODS INC | $4.4M | 0.27% | 300,000 | Common | NONE |
| 02913V103 | APEI | AMERICAN PUB ED INC | $4.4M | 0.27% | 145,178 | Common | NONE |
| 541098109 | CPTAUSD | LOGAN RIDGE FINANCE CORP | $4.3M | 0.27% | 227,960 | Common | NONE |
| 00162Q452 | AMLP | ALPS ETF TR | $4.3M | 0.26% | 87,344 | Common | NONE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $4.2M | 0.26% | 613,000 | Common | NONE |
| 629445206 | NVEC | NVE CORP | $4.1M | 0.25% | 55,055 | Common | NONE |
| 68384X209 | OPXS | OPTEX SYS HLDGS INC | $3.8M | 0.23% | 331,495 | Common | NONE |
| 87874R308 | TTGT | TECHTARGET INC | $3.8M | 0.23% | 483,855 | Common | NONE |
| 019330109 | ALNT | ALLIENT INC | $3.7M | 0.23% | 102,000 | Common | NONE |
| 87357P100 | TCMD | TACTILE SYS TECHNOLOGY INC | $3.7M | 0.23% | 365,000 | Common | NONE |
| 384556106 | GHM | GRAHAM CORP | $3.6M | 0.22% | 73,255 | Common | NONE |
| 285409108 | ELMD | ELECTROMED INC | $3.6M | 0.22% | 163,594 | Common | NONE |
| 82846H504 | QXO 5.5 05/15/28 | QXO INC | $3.5M | 0.22% | 56,770 | Common | NONE |
| 52603BAD9 | TREE 0.5 07/15/25 | LENDINGTREE INC | $3.5M | 0.21% | 3,527,000 | Common | NONE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & CO INC | $3.2M | 0.20% | 59,840 | Common | NONE |
| 45769N105 | ISSC | INNOVATIVE SOLUTIONS & SUPPO | $2.9M | 0.18% | 210,000 | Common | NONE |
| 04638F108 | ALOT | ASTRONOVA INC | $2.9M | 0.18% | 250,900 | Common | NONE |
| 68235B208 | HH20 | 180 DEGREE CAP CORP | $2.8M | 0.17% | 714,156 | Common | NONE |
| 492854104 | KEQU | KEWAUNEE SCIENTIFIC CORP | $2.5M | 0.16% | 43,300 | Common | NONE |
| 05366Y201 | AVNW | AVIAT NETWORKS INC | $2.5M | 0.15% | 101,944 | Common | NONE |
| 645827205 | IDR | IDAHO STRATEGIC RESOURCES | $2.4M | 0.15% | 182,557 | Common | NONE |
| 877163105 | TAYD | TAYLOR DEVICES INC | $2.2M | 0.13% | 50,000 | Common | NONE |
| 339382103 | FLXS | FLEXSTEEL INDS INC | $2.2M | 0.13% | 60,000 | Common | NONE |
| 55025L108 | LFT | LUMENT FINANCE TRUST INC | $2.0M | 0.12% | 898,833 | Common | NONE |
| 729273102 | PLBC | PLUMAS BANCORP | $2.0M | 0.12% | 43,940 | Common | NONE |
| 666762109 | NRIM | NORTHRIM BANCORP INC | $1.8M | 0.11% | 19,827 | Common | NONE |
| 40416E103 | HCI | HCI GROUP INC | $1.8M | 0.11% | 12,000 | Common | NONE |
| 52474R207 | LGCY | LEGACY ED INC | $1.8M | 0.11% | 159,808 | Common | NONE |
| 749360400 | RCMT | RCM TECHNOLOGIES INC | $1.8M | 0.11% | 75,600 | Common | NONE |
| 464287689 | IWV | ISHARES TR | $1.6M | 0.10% | 4,675 | Common | NONE |
| 46520M204 | ACCS | ACCESS NEWSWIRE INC | $1.6M | 0.10% | 128,300 | Common | NONE |
| 48563L101 | KRT | KARAT PACKAGING INC | $1.6M | 0.10% | 56,000 | Common | NONE |
| 294375209 | EPSN | EPSILON ENERGY LTD | $1.6M | 0.10% | 211,200 | Common | NONE |
| 74265M205 | PDEX | PRO-DEX INC COLO | $1.5M | 0.09% | 34,200 | Common | NONE |
| 66405S100 | NBN | NORTHEAST BK PORTLAND ME | $1.3M | 0.08% | 15,050 | Common | NONE |
| 520776105 | DSGR | DISTRIBUTION SOLUTIONS GRP I | $1.2M | 0.08% | 45,401 | Common | NONE |
| 56146T103 | MAMA | MAMAS CREATIONS INC | $1.1M | 0.07% | 130,000 | Common | NONE |
| 922908611 | VBR | VANGUARD INDEX FDS | $313,553 | 0.02% | 1,608 | Common | NONE |
| 47233W109 | JEF | JEFFERIES FINL GROUP INC | $288,490 | 0.02% | 5,275 | Common | NONE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $270,416 | 0.02% | 930 | Common | NONE |
| 74836W203 | QRHC | QUEST RESOURCE HLDG CORP | $232,300 | 0.01% | 115,000 | Common | NONE |
| 50155Q100 | KD | KYNDRYL HLDGS INC | $223,437 | 0.01% | 5,325 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $209,476 | 0.01% | 689 | Common | NONE |
| 32026V104 | FFWM | FIRST FNDTN INC | $142,596 | 0.01% | 27,960 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $73,276 | 0.00% | 129 | Common | NONE |
| 464288869 | IWC | ISHARES TR | $46,724 | 0.00% | 366 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $30,211 | 0.00% | 140 | Common | NONE |
| 464287226 | AGG | ISHARES TR | $29,760 | 0.00% | 300 | Common | NONE |
| 464288802 | SUSA | ISHARES TR | $24,082 | 0.00% | 190 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $17,385 | 0.00% | 28 | Common | NONE |
| 464287804 | IJR | ISHARES TR | $10,164 | 0.00% | 93 | Common | NONE |
| 464288513 | HYG | ISHARES TR | $7,742 | 0.00% | 96 | Common | NONE |
| 46432F842 | IEFA | ISHARES TR | $5,593 | 0.00% | 67 | Common | NONE |
| 464287242 | LQD | ISHARES TR | $4,932 | 0.00% | 45 | Common | NONE |
| 464287408 | IVE | ISHARES TR | $2,952 | 0.00% | 15 | Common | NONE |
| 464288752 | ITB | ISHARES TR | $2,609 | 0.00% | 28 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.