Fund Holdings

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
JEFFERSON CAPITAL INC(JCAP)01,115,885+1,115,885021,458,4691.24%+21,458,469
TIDEWATER INC NEW(TDW)333,659347,913+14,25416,853,11729,068,1331.68%+12,215,016
SEA LTD(SE)0132,886+132,886011,004,2900.63%+11,004,290
AMRIZE LTD(AMRZ)0158,226+158,22608,863,8210.51%+8,863,821
TRIMAS CORP(TRS)0244,719+244,71908,795,2010.51%+8,795,201
STONEX GROUP INC(SNEX)707,835943,579+235,74467,336,30776,099,6244.39%+8,763,317
A10 NETWORKS INC1,435,6261,459,910+24,28425,396,22433,753,1131.95%+8,356,889
UNIVERSAL TECHNICAL INST INC(UTI)1,169,8431,076,866-92,97730,567,99838,874,8632.24%+8,306,865
SELECT WATER SOLUTIONS INC(WTTR)1,501,1911,528,895+27,70415,792,53423,392,1001.35%+7,599,566
MARVELL TECHNOLOGY INC(MRVL)77,592140,137+62,5456,593,80913,880,5520.80%+7,286,743
ARES CAPITAL CORP(ARCC)0391,347+391,34707,052,0790.41%+7,052,079
BUNGE GLOBAL SA(BG)190,052182,206-7,84616,929,81023,176,6601.34%+6,246,850
DOUGLAS DYNAMICS INC(PLOW)614,706621,845+7,13920,070,15626,173,4681.51%+6,103,312
ROYALTY PHARMA PLC(RPRX)600,166598,617-1,54923,190,42728,715,6511.66%+5,525,224
CASS INFORMATION SYS INC0113,060+113,06004,976,9010.29%+4,976,901
PRICESMART INC(PSMT)159,625162,193+2,56819,581,24024,410,0761.41%+4,828,836
ALEXANDERS INC020,415+20,41504,822,0870.28%+4,822,087
OXFORD INDS INC0123,440+123,44004,753,6740.27%+4,753,674
PAYSIGN INC1,462,5602,058,210+595,6507,532,18412,143,4390.70%+4,611,255
NPK INTERNATIONAL INC(NPKI)1,852,8041,818,790-34,01422,085,42826,354,2731.52%+4,268,845
WHIRLPOOL CORP(WHR)0100,255+100,25504,105,4420.24%+4,105,442
ORACLE CORP(ORCL)083,465+83,46503,756,7600.22%+3,756,760
AMERICAN PUB ED INC(APEI)195,316195,000-3167,382,94511,091,6000.64%+3,708,655
SMARTRENT INC1,907,2855,032,880+3,125,5953,852,7167,549,3200.44%+3,696,604
EOG RES INC(EOG)89,89790,328+4319,440,03713,058,7170.75%+3,618,680
PIEDMONT REALTY TRUST INC(PDM)0550,013+550,01303,613,5850.21%+3,613,585
I3 VERTICALS INC777,5271,032,606+255,07919,585,90523,089,0701.33%+3,503,165
RF INDS LTD877,150822,800-54,3505,069,9278,483,0680.49%+3,413,141
SILVERCREST ASSET MGMT GROUP0245,031+245,03103,293,2110.19%+3,293,211
PAR PAC HOLDINGS INC(PARR)581,355377,208-204,14720,428,82723,628,3371.36%+3,199,510
AVANOS MED INC(AVNS)270,000437,085+167,0853,032,1006,123,5610.35%+3,091,461
SPROUTS FMRS MKT INC(SFM)172,604217,615+45,01113,751,38616,784,6320.97%+3,033,246
LENDINGTREE INC469,647647,038+177,39124,933,55927,744,9891.60%+2,811,430
SILA REALTY TRUST INC1,255,3951,347,510+92,11529,263,26131,909,0391.84%+2,645,778
TALKSPACE INC(TALK)0449,630+449,63002,326,8350.13%+2,326,835
ARTISAN PARTNERS ASSET MGMT(APAM)437,845551,336+113,49117,837,78720,063,1231.16%+2,225,336
TARGET CORP(TGT)85,77285,785+138,384,17210,397,1340.60%+2,012,962
MILLER INDS INC TENN81,186110,477+29,2913,033,9215,032,2270.29%+1,998,306
CARRIAGE SVCS INC246,699263,750+17,05110,435,36812,042,8360.69%+1,607,468
LINCOLN EDL SVCS CORP(LINC)362,295252,150-110,1458,749,42410,257,4620.59%+1,508,038
TRANSCAT INC59,23564,775+5,5403,360,4024,757,7240.27%+1,397,322
OMEGA FLEX INC043,500+43,50001,350,2400.08%+1,350,240
EPSILON ENERGY LTD376,905476,880+99,9751,748,8392,937,5810.17%+1,188,742
RENTOKIL INITIAL PLC(RTO)602,662600,913-1,74917,754,43518,916,7551.09%+1,162,320
VIANT TECHNOLOGY INC1,156,9151,347,163+190,24813,929,25715,088,2260.87%+1,158,969
GREEN BRICK PARTNERS INC(GRBK)352,246358,341+6,09522,071,73123,095,1021.33%+1,023,371
HEARTLAND EXPRESS INC(HTLD)290,000330,765+40,7652,618,7003,439,9560.20%+821,256
NATURES SUNSHINE PRODS INC340,000340,00007,337,2008,156,6000.47%+819,400
NVE CORP101,770103,569+1,7996,038,0146,783,7690.39%+745,755
PRO-DEX INC COLO60,00061,735+1,7352,308,8003,032,4230.17%+723,623
DUKE ENERGY CORP NEW(DUK)47,62447,597-275,581,9766,232,2900.36%+650,314
SAN JUAN BASIN RTY TR700,000939,225+239,2253,934,0004,517,6720.26%+583,672
LIQUIDITY SVCS INC(LQDT)910,246920,394+10,14827,589,56928,136,4571.62%+546,888
FLEXSTEEL INDS INC90,98091,525+5453,592,8004,113,1330.24%+520,333
KARAT PACKAGING INC62,61569,115+6,5001,413,2211,929,6910.11%+516,470
QXO INC(QXO)57,01566,315+9,3003,144,3773,646,6620.21%+502,285
WASTE MGMT INC DEL(WM)45,58945,692+10310,016,29910,499,4990.61%+483,200
LEGACY ED INC185,000185,00001,885,1502,316,2000.13%+431,050
KEWAUNEE SCIENTIFIC CORP81,835100,702+18,8673,061,4473,451,0580.20%+389,611
LEGACY HOUSING CORP429,110427,665-1,4458,376,2278,737,1960.50%+360,969
FIRST TR HIGH YIELD OPPRT 20827,076886,745+59,66911,636,95811,997,6570.69%+360,699
KKR & CO INC(KKR)60,40586,810+26,4053,131,3953,491,4980.20%+360,103
INFUSYSTEM HLDGS INC824,750837,925+13,1757,398,0077,734,0480.45%+336,041
REPUBLIC SVCS INC(RSG)41,98742,061+748,898,2709,212,2990.53%+314,029
MAMAS CREATIONS INC165,000165,00002,225,8502,531,1000.15%+305,250
GRAHAM CORP(GHM)65,50357,138-8,3654,207,2584,509,3310.26%+302,073
PLUMAS BANCORP69,27569,27503,095,9003,382,0050.20%+286,105
PDF SOLUTIONS INC(PDFS)06,480+6,4800211,9610.01%+211,961
GRAND CANYON ED INC(LOPE)01,200+1,2000204,0360.01%+204,036
BLACKROCK TECH AND PRIVATE E(BTX)024,905+24,9050164,3730.01%+164,373
WESTERN ASSET DIVERSIFIED IN011,855+11,8550159,3310.01%+159,331
RCM TECHNOLOGIES INC136,078153,511+17,4332,782,1152,938,2010.17%+156,086
TFS FINL CORP(TFSL)011,020+11,0200154,8310.01%+154,831
ARCOS DORADOS HLDGS INC(ARCO)017,755+17,7550146,4790.01%+146,479
NORTHEAST BK PORTLAND ME
COM
14,74014,74001,531,9281,656,3340.10%+124,406
HERITAGE GLOBAL INC2,384,6522,244,148-140,5042,956,9683,052,0410.18%+95,073
OPTEX SYS HLDGS INC296,960323,475+26,5154,210,8934,277,9570.25%+67,064
BLACKSTONE MORTGAGE TRUST IN(BXMT)480,653483,624+2,9719,194,8849,261,3940.53%+66,510
ISHARES TR5,0935,487+3941,970,3352,034,0650.12%+63,730
SIRIUSPOINT LTD(SPNT)1,390,0911,415,529+25,43830,429,10030,490,5021.76%+61,402
ACCESS NEWSWIRE INC142,410152,410+10,0001,324,4131,350,3530.08%+25,940
ARCOSA INC361,494362,326+83238,434,01638,457,3322.22%+23,316
ISHARES TR0182+182020,5860.00%+20,586
ISHARES TR2842+1419,17827,4350.00%+8,257
ISHARES TR367398+3157,87663,5250.00%+5,649
ISHARES TR98168+707,90213,3660.00%+5,464
ISHARES TR4783+365,1799,0460.00%+3,867
ISHARES TR
CORE MSCI EAFE
68104+366,0839,4150.00%+3,332
CION INVT CORP(CICB)10,43514,845+4,410100,906101,5400.01%+634
LAMAR ADVERTISING CO(LAMR)1,6201,6200205,060205,1890.01%+129
ISHARES TR300300029,96429,7810.00%-183
ISHARES TR190190026,47625,0990.00%-1,377
BRIDGEWATER BANCSHARES INC438,960434,660-4,3007,694,9697,693,4820.44%-1,487
ISHARES TR200-204,2930-4,293
IRADIMED CORP(IRMD)17,00017,00001,653,7601,636,4200.09%-17,340
ALAMO GROUP INC69,92470,937+1,01311,738,17411,702,4970.68%-35,677
VANGUARD INDEX FDS620-6238,8820-38,882
VIEMED HEALTHCARE INC671,360537,361-133,9994,988,2054,949,0950.29%-39,110
TALEN ENERGY CORP(TLN)760750-10284,878239,4220.01%-45,456
ELEVANCE HEALTH INC FORMERLY(ELV)19,59923,229+3,6306,870,2796,800,2960.39%-69,983
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