Q1 2026 · 13F-HR
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.holdings as filed
Filed 2026-05-15 · accession 0001398344-26-009222
$1.73B
Reported value
163
Positions
2026-03-31
Period end
The Brief · PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. · Q1 2026
AI · grounded in 13F
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. established a new position in JCAP valued at $21.46M. The fund also opened new stakes in SE for $11M and AMRZ for $8.86M. On the sell side, the fund closed its entire position in HSTM, reducing its holdings by $10.42M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 861896108 | SNEX | STONEX GROUP INC | $76.1M | 4.39% | 943,579 | Common | SOLE |
| 518613203 | LAUR | LAUREATE ED INC | $40.9M | 2.36% | 1,172,881 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $38.9M | 2.24% | 1,076,866 | Common | SOLE |
| 039653100 | ACA | ARCOSA INC | $38.5M | 2.22% | 362,326 | Common | SOLE |
| 002121101 | ATEN | A10 NETWORKS INC | $33.8M | 1.95% | 1,459,910 | Common | SOLE |
| 750491102 | RDNT | RADNET INC | $33.3M | 1.92% | 595,280 | Common | SOLE |
| 146280508 | SILA | SILA REALTY TRUST INC | $31.9M | 1.84% | 1,347,510 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $30.9M | 1.78% | 107,293 | Common | SOLE |
| G8192H106 | SPNT | SIRIUSPOINT LTD | $30.5M | 1.76% | 1,415,529 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $29.1M | 1.68% | 347,913 | Common | SOLE |
| G7709Q104 | RPRX | ROYALTY PHARMA PLC | $28.7M | 1.66% | 598,617 | Common | SOLE |
| 53635B107 | LQDT | LIQUIDITY SVCS INC | $28.1M | 1.62% | 920,394 | Common | SOLE |
| 52603B107 | TREE | LENDINGTREE INC | $27.7M | 1.60% | 647,038 | Common | SOLE |
| Y27183600 | GSL | GLOBAL SHIP LEASE INC | $26.7M | 1.54% | 718,073 | Common | SOLE |
| 651718504 | NPKI | NPK INTERNATIONAL INC | $26.4M | 1.52% | 1,818,790 | Common | SOLE |
| 25960R105 | PLOW | DOUGLAS DYNAMICS INC | $26.2M | 1.51% | 621,845 | Common | SOLE |
| 149568107 | CVCO | CAVCO INDS INC DEL | $24.7M | 1.42% | 50,991 | Common | SOLE |
| 32055Y201 | FIBK | FIRST INTST BANCSYSTEM INC | $24.6M | 1.42% | 735,419 | Common | SOLE |
| 741511109 | PSMT | PRICESMART INC | $24.4M | 1.41% | 162,193 | Common | SOLE |
| 92852X103 | VTS | VITESSE ENERGY INC | $24.2M | 1.40% | 1,333,720 | Common | SOLE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $23.6M | 1.36% | 377,208 | Common | SOLE |
| 81617J301 | WTTR | SELECT WATER SOLUTIONS INC | $23.4M | 1.35% | 1,528,895 | Common | SOLE |
| H11356104 | BG | BUNGE GLOBAL SA | $23.2M | 1.34% | 182,206 | Common | SOLE |
| 392709101 | GRBK | GREEN BRICK PARTNERS INC | $23.1M | 1.33% | 358,341 | Common | SOLE |
| 46571Y107 | IIIV | I3 VERTICALS INC | $23.1M | 1.33% | 1,032,606 | Common | SOLE |
| 47248R103 | JCAP | JEFFERSON CAPITAL INC | $21.5M | 1.24% | 1,115,885 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $20.8M | 1.20% | 153,472 | Common | SOLE |
| 04316A108 | APAM | ARTISAN PARTNERS ASSET MGMT | $20.1M | 1.16% | 551,336 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $18.9M | 1.09% | 600,913 | Common | SOLE |
| 69346N107 | PDX | PIMCO DYNAMIC INCOME STRATEG | $18.8M | 1.08% | 852,325 | Common | SOLE |
| 006739106 | ADUS | ADDUS HOMECARE CORP | $18.2M | 1.05% | 193,890 | Common | SOLE |
| 09624H208 | BXC | BLUELINX HLDGS INC | $17.4M | 1.01% | 321,874 | Common | SOLE |
| 85208M102 | SFM | SPROUTS FMRS MKT INC | $16.8M | 0.97% | 217,615 | Common | SOLE |
| 92511U102 | VRRM | VERRA MOBILITY CORP | $16.4M | 0.95% | 1,147,170 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $16.2M | 0.93% | 9,368 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $15.9M | 0.92% | 43,004 | Common | SOLE |
| 52466B103 | LZ | LEGALZOOM COM INC | $15.2M | 0.88% | 2,689,270 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $15.1M | 0.87% | 88,490 | Common | SOLE |
| 92557A101 | DSP | VIANT TECHNOLOGY INC | $15.1M | 0.87% | 1,347,163 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $14.9M | 0.86% | 161,614 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $14.9M | 0.86% | 31,130 | Common | SOLE |
| 431636109 | HLMN | HILLMAN SOLUTIONS CORP | $14.8M | 0.85% | 1,774,109 | Common | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $13.9M | 0.80% | 140,137 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $13.4M | 0.77% | 27,325 | Common | SOLE |
| 126402106 | CSW | CSW INDUSTRIALS INC | $13.3M | 0.77% | 50,987 | Common | SOLE |
| 10948C107 | BV | BRIGHTVIEW HLDGS INC | $13.2M | 0.76% | 1,116,831 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $13.1M | 0.75% | 44,452 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $13.1M | 0.75% | 90,328 | Common | SOLE |
| 10949T109 | BRSP | BRIGHTSPIRE CAPITAL INC | $12.9M | 0.75% | 2,309,774 | Common | SOLE |
| 70451A104 | PAYS | PAYSIGN INC | $12.1M | 0.70% | 2,058,210 | Common | SOLE |
| 143905107 | CSV | CARRIAGE SVCS INC | $12.0M | 0.69% | 263,750 | Common | SOLE |
| 33741Q107 | FTHY | FIRST TR HIGH YIELD OPPRT 20 | $12.0M | 0.69% | 886,745 | Common | SOLE |
| 011311107 | ALG | ALAMO GROUP INC | $11.7M | 0.68% | 70,937 | Common | SOLE |
| 57667L107 | MTCH | MATCH GROUP INC NEW | $11.7M | 0.67% | 379,972 | Common | SOLE |
| 556269108 | SHOO | MADDEN STEVEN LTD | $11.4M | 0.66% | 337,055 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $11.2M | 0.65% | 116,115 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $11.1M | 0.64% | 330,957 | Common | SOLE |
| 02913V103 | APEI | AMERICAN PUB ED INC | $11.1M | 0.64% | 195,000 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $11.0M | 0.63% | 132,886 | Common | SOLE |
| 946760105 | CLMB | CLIMB GLOBAL SOLUTIONS INC | $10.9M | 0.63% | 551,665 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $10.9M | 0.63% | 97,835 | Common | SOLE |
| 45769N105 | ISSC | INNOVATIVE SOLUTIONS & SUPPO | $10.6M | 0.61% | 518,618 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $10.6M | 0.61% | 128,538 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL | $10.5M | 0.61% | 45,692 | Common | SOLE |
| 87612E106 | TGT | TARGET CORP | $10.4M | 0.60% | 85,785 | Common | SOLE |
| 90384S303 | ULTA | ULTA BEAUTY INC | $10.3M | 0.59% | 19,673 | Common | SOLE |
| 533535100 | LINC | LINCOLN EDL SVCS CORP | $10.3M | 0.59% | 252,150 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECH HLDGS | $10.1M | 0.58% | 148,755 | Common | SOLE |
| 09257W100 | BXMT | BLACKSTONE MORTGAGE TRUST IN | $9.3M | 0.53% | 483,624 | Common | SOLE |
| 760759100 | RSG | REPUBLIC SVCS INC | $9.2M | 0.53% | 42,061 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $9.1M | 0.53% | 37,380 | Common | SOLE |
| 910710102 | ACIC | AMERICAN COASTAL INS CORP | $9.1M | 0.52% | 808,705 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $8.9M | 0.51% | 158,226 | Common | SOLE |
| 896215209 | TRS | TRIMAS CORP | $8.8M | 0.51% | 244,719 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $8.8M | 0.51% | 59,617 | Common | SOLE |
| 52472M101 | LEGH | LEGACY HOUSING CORP | $8.7M | 0.50% | 427,665 | Common | SOLE |
| 749552105 | RFIL | RF INDS LTD | $8.5M | 0.49% | 822,800 | Common | SOLE |
| 639027101 | NATR | NATURES SUNSHINE PRODS INC | $8.2M | 0.47% | 340,000 | Common | SOLE |
| 602496101 | MDXG | MIMEDX GROUP INC | $8.0M | 0.46% | 2,019,718 | Common | SOLE |
| 87357P100 | TCMD | TACTILE SYS TECHNOLOGY INC | $7.8M | 0.45% | 300,000 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $7.8M | 0.45% | 13,810 | Common | SOLE |
| 45685K102 | INFU | INFUSYSTEM HLDGS INC | $7.7M | 0.45% | 837,925 | Common | SOLE |
| 108621103 | BWB | BRIDGEWATER BANCSHARES INC | $7.7M | 0.44% | 434,660 | Common | SOLE |
| 18482P103 | CLFD | CLEARFIELD INC | $7.7M | 0.44% | 289,610 | Common | SOLE |
| 04035M102 | ARHS | ARHAUS INC | $7.6M | 0.44% | 1,115,665 | Common | SOLE |
| 83193G107 | SMRT | SMARTRENT INC | $7.5M | 0.44% | 5,032,880 | Common | SOLE |
| 666762109 | NRIM | NORTHRIM BANCORP INC | $7.5M | 0.43% | 326,410 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $7.3M | 0.42% | 26,956 | Common | SOLE |
| 04010L103 | ARCC | ARES CAPITAL CORP | $7.1M | 0.41% | 391,347 | Common | SOLE |
| 097023204 | BA 6 10/15/27 | BOEING CO | $6.9M | 0.40% | 105,840 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $6.8M | 0.39% | 23,229 | Common | SOLE |
| 629445206 | NVEC | NVE CORP | $6.8M | 0.39% | 103,569 | Common | SOLE |
| 645827205 | IDR | IDAHO STRATEGIC RESOURCES | $6.7M | 0.38% | 207,220 | Common | SOLE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $6.2M | 0.36% | 47,597 | Common | SOLE |
| 780915104 | RMT | ROYCE MICRO-CAP TR INC | $6.2M | 0.36% | 545,665 | Common | SOLE |
| 05350V106 | AVNS | AVANOS MED INC | $6.1M | 0.35% | 437,085 | Common | SOLE |
| 33751L105 | MYFW | FIRST WESTN FINL INC | $6.1M | 0.35% | 248,195 | Common | SOLE |
| 404609109 | HCKT | HACKETT GROUP INC | $5.8M | 0.33% | 445,800 | Common | SOLE |
| 761025105 | RSSS | RESEARCH SOLUTIONS INC | $5.8M | 0.33% | 2,552,455 | Common | SOLE |
| 285409108 | ELMD | ELECTROMED INC | $5.3M | 0.30% | 224,520 | Common | SOLE |
| 600551204 | MLR | MILLER INDS INC TENN | $5.0M | 0.29% | 110,477 | Common | SOLE |
| 14808P109 | CASS | CASS INFORMATION SYS INC | $5.0M | 0.29% | 113,060 | Common | SOLE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $4.9M | 0.29% | 537,361 | Common | SOLE |
| 014752109 | ALX | ALEXANDERS INC | $4.8M | 0.28% | 20,415 | Common | SOLE |
| 893529107 | TRNS | TRANSCAT INC | $4.8M | 0.27% | 64,775 | Common | SOLE |
| 691497309 | OXM | OXFORD INDS INC | $4.8M | 0.27% | 123,440 | Common | SOLE |
| 798241105 | SJT | SAN JUAN BASIN RTY TR | $4.5M | 0.26% | 939,225 | Common | SOLE |
| 384556106 | GHM | GRAHAM CORP | $4.5M | 0.26% | 57,138 | Common | SOLE |
| 00847J105 | AGYS | AGILYSYS INC | $4.5M | 0.26% | 62,710 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC | $4.4M | 0.25% | 22,700 | Common | SOLE |
| 68384X209 | OPXS | OPTEX SYS HLDGS INC | $4.3M | 0.25% | 323,475 | Common | SOLE |
| 17878Y207 | CVEO | CIVEO CORP CDA | $4.2M | 0.24% | 158,260 | Common | SOLE |
| 339382103 | FLXS | FLEXSTEEL INDS INC | $4.1M | 0.24% | 91,525 | Common | SOLE |
| 963320205 | WHR 8.5 02/15/29 A | WHIRLPOOL CORP | $4.1M | 0.24% | 100,255 | Common | SOLE |
| 68389X204 | ORCL 6.5 01/15/29 D | ORACLE CORP | $3.8M | 0.22% | 83,465 | Common | SOLE |
| 00162Q452 | AMLP | ALPS ETF TR | $3.7M | 0.21% | 69,891 | Common | SOLE |
| 82846H504 | QXO 5.5 05/15/28 | QXO INC | $3.6M | 0.21% | 66,315 | Common | SOLE |
| 720190206 | PDM | PIEDMONT REALTY TRUST INC | $3.6M | 0.21% | 550,013 | Common | SOLE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & CO INC | $3.5M | 0.20% | 86,810 | Common | SOLE |
| 492854104 | KEQU | KEWAUNEE SCIENTIFIC CORP | $3.5M | 0.20% | 100,702 | Common | SOLE |
| 422347104 | HTLD | HEARTLAND EXPRESS INC | $3.4M | 0.20% | 330,765 | Common | SOLE |
| 729273102 | PLBC | PLUMAS BANCORP | $3.4M | 0.20% | 69,275 | Common | SOLE |
| 828359109 | SAMG | SILVERCREST ASSET MGMT GROUP | $3.3M | 0.19% | 245,031 | Common | SOLE |
| 42727E103 | HGBL | HERITAGE GLOBAL INC | $3.1M | 0.18% | 2,244,148 | Common | SOLE |
| 74265M205 | PDEX | PRO-DEX INC COLO | $3.0M | 0.17% | 61,735 | Common | SOLE |
| 749360400 | RCMT | RCM TECHNOLOGIES INC | $2.9M | 0.17% | 153,511 | Common | SOLE |
| 294375209 | EPSN | EPSILON ENERGY LTD | $2.9M | 0.17% | 476,880 | Common | SOLE |
| 56146T103 | MAMA | MAMAS CREATIONS INC | $2.5M | 0.15% | 165,000 | Common | SOLE |
| 32026V104 | FFWM | FIRST FNDTN INC | $2.4M | 0.14% | 400,000 | Common | SOLE |
| 87427V103 | TALK | TALKSPACE INC | $2.3M | 0.13% | 449,630 | Common | SOLE |
| 52474R207 | LGCY | LEGACY ED INC | $2.3M | 0.13% | 185,000 | Common | SOLE |
| 464287689 | IWV | ISHARES TR | $2.0M | 0.12% | 5,487 | Common | SOLE |
| 48563L101 | KRT | KARAT PACKAGING INC | $1.9M | 0.11% | 69,115 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $1.9M | 0.11% | 12,000 | Common | SOLE |
| 877163105 | TAYD | TAYLOR DEVICES INC | $1.8M | 0.11% | 32,300 | Common | SOLE |
| 66405S100 | NBN | NORTHEAST BK PORTLAND ME | $1.7M | 0.10% | 14,740 | Common | SOLE |
| 46266A109 | IRMD | IRADIMED CORP | $1.6M | 0.09% | 17,000 | Common | SOLE |
| G4095J109 | GLRE | GREENLIGHT CAP RE LTD | $1.4M | 0.08% | 79,827 | Common | SOLE |
| 46520M204 | ACCS | ACCESS NEWSWIRE INC | $1.4M | 0.08% | 152,410 | Common | SOLE |
| 682095104 | OFLX | OMEGA FLEX INC | $1.4M | 0.08% | 43,500 | Common | SOLE |
| 03076C106 | AMP | AMERIPRISE FINL INC | $1.1M | 0.06% | 2,490 | Common | SOLE |
| 73688F201 | BCIC | BCP INVESTMENT CORPORATION | $886,984 | 0.05% | 117,950 | Common | SOLE |
| 62188E103 | MLCI | MOUNT LOGAN CAP INC | $783,676 | 0.05% | 218,904 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $239,422 | 0.01% | 750 | Common | SOLE |
| 693282105 | PDFS | PDF SOLUTIONS INC | $211,961 | 0.01% | 6,480 | Common | SOLE |
| 512816109 | LAMR | LAMAR ADVERTISING CO | $205,189 | 0.01% | 1,620 | Common | SOLE |
| 38526M106 | LOPE | GRAND CANYON ED INC | $204,036 | 0.01% | 1,200 | Common | SOLE |
| 09260Q108 | BTX | BLACKROCK TECH AND PRIVATE E | $164,373 | 0.01% | 24,905 | Common | SOLE |
| 95790K109 | WDI | WESTERN ASSET DIVERSIFIED IN | $159,331 | 0.01% | 11,855 | Common | SOLE |
| 87240R107 | TFSL | TFS FINL CORP | $154,831 | 0.01% | 11,020 | Common | SOLE |
| G0457F107 | ARCO | ARCOS DORADOS HLDGS INC | $146,479 | 0.01% | 17,755 | Common | SOLE |
| 17259U204 | CION | CION INVT CORP | $101,540 | 0.01% | 14,845 | Common | SOLE |
| 464288869 | IWC | ISHARES TR | $63,525 | 0.00% | 398 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $45,880 | 0.00% | 185 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $29,781 | 0.00% | 300 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $28,620 | 0.00% | 30,000 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $27,435 | 0.00% | 42 | Common | SOLE |
| 464288802 | SUSA | ISHARES TR | $25,099 | 0.00% | 190 | Common | SOLE |
| 464287309 | IVW | ISHARES TR | $20,586 | 0.00% | 182 | Common | SOLE |
| 464287804 | IJR | ISHARES TR | $18,895 | 0.00% | 152 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $13,366 | 0.00% | 168 | Common | SOLE |
| 46432F842 | IEFA | ISHARES TR | $9,415 | 0.00% | 104 | Common | SOLE |
| 464287242 | LQD | ISHARES TR | $9,046 | 0.00% | 83 | Common | SOLE |
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.