Fund Holdings

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ENOVA INTL INC(ENVA)096,452+96,452011,100,6840.64%+11,100,684
RADNET INC(RDNT)697,275649,378-47,89739,681,92049,489,1032.87%+9,807,183
LENDINGTREE INC NEW344,583347,654+3,07112,773,69222,503,6431.30%+9,729,951
LIQUIDITY SVCS INC(LQDT)654,868909,743+254,87515,448,33624,954,2621.45%+9,505,926
UNITEDHEALTH GROUP INC(UNH)026,572+26,57209,175,1860.53%+9,175,186
APOLLO GLOBAL MGMT INC(APO)066,756+66,75608,896,5720.52%+8,896,572
ALPHABET INC(GOOG)138,189134,083-4,10624,353,10232,595,6271.89%+8,242,525
LEGALZOOM COM INC(LZ)1,590,9702,126,260+535,29014,175,54322,070,5791.28%+7,895,036
CAVCO INDS INC DEL(CVCO)42,67542,686+1118,539,23124,788,9481.44%+6,249,717
ALEXANDRIA REAL ESTATE EQ IN072,480+72,48006,040,4830.35%+6,040,483
VITESSE ENERGY INC1,079,8001,272,995+193,19523,852,77429,571,6661.71%+5,718,892
NPK INTERNATIONAL INC(NPKI)1,867,3721,894,726+27,35415,891,33621,429,3561.24%+5,538,020
STONEX GROUP INC(SNEX)726,426710,853-15,57366,206,46771,739,3124.16%+5,532,845
LAUREATE EDUCATION INC(LAUR)1,501,7641,285,802-215,96235,111,23940,554,1902.35%+5,442,951
IDAHO STRATEGIC RESOURCES182,557209,655+27,0982,387,8467,084,2420.41%+4,696,396
PAR PAC HOLDINGS INC(PARR)791,675713,430-78,24521,003,14025,269,6811.46%+4,266,541
BCP INVESTMENT CORPORATION0365,149+365,14904,210,1680.24%+4,210,168
I3 VERTICALS INC766,643777,477+10,83421,067,35025,236,9031.46%+4,169,553
ADDUS HOMECARE CORP111,300143,655+32,35512,820,61716,949,8390.98%+4,129,222
SELECT WATER SOLUTIONS INC(WTTR)1,779,6001,782,526+2,92615,375,74319,055,2051.10%+3,679,462
CLIMB GLOBAL SOLUTIONS INC128,340128,340013,720,82917,305,3661.00%+3,584,537
HILLMAN SOLUTIONS CORP(HLMN)1,742,3891,743,304+91512,440,65816,003,5330.93%+3,562,875
NORTHRIM BANCORP INC19,827247,496+227,6691,849,0665,360,7630.31%+3,511,697
PAYSIGN INC0552,735+552,73503,476,7030.20%+3,476,703
PRICESMART INC(PSMT)151,201159,681+8,48015,882,19419,351,7811.12%+3,469,587
UNIVERSAL TECHNICAL INST INC(UTI)1,016,1601,162,277+146,11734,437,66237,832,1162.19%+3,394,454
CARRIAGE SVCS INC132,695211,425+78,7306,069,4699,416,8690.55%+3,347,400
AMERICAN PUB ED INC(APEI)145,178195,316+50,1384,422,1227,709,1230.45%+3,287,001
MADDEN STEVEN LTD(SHOO)330,429331,551+1,1227,923,69211,100,3370.64%+3,176,645
MOUNT LOGAN CAP INC0405,343+405,34303,161,6750.18%+3,161,675
FIRST INTST BANCSYSTEM INC(FIBK)693,685724,155+30,47019,992,00123,078,8181.34%+3,086,817
GREEN BRICK PARTNERS INC(GRBK)369,920354,901-15,01923,260,59126,212,9761.52%+2,952,385
INFUSYSTEM HLDGS INC878,500809,750-68,7505,481,8408,389,0100.49%+2,907,170
IQVIA HLDGS INC(IQV)87,16687,418+25213,736,49016,604,1750.96%+2,867,685
SAN JUAN BASIN RTY TR0443,701+443,70102,679,9540.16%+2,679,954
ULTA BEAUTY INC(ULTA)32,88832,950+6215,385,66418,015,4121.04%+2,629,748
TIDEWATER INC NEW(TDW)339,672342,081+2,40915,669,07118,243,1811.06%+2,574,110
ARCOSA INC363,796363,595-20131,544,77534,072,5251.98%+2,527,750
RESEARCH SOLUTIONS INC2,418,1002,499,310+81,2106,939,9479,322,4260.54%+2,382,479
BRIGHTSPIRE CAPITAL INC2,051,9242,335,970+284,04610,362,21512,684,3180.74%+2,322,103
LEGACY HOUSING CORP419,520429,110+9,5909,506,32311,804,8160.68%+2,298,493
ARHAUS INC(ARHS)1,079,3911,091,153+11,7629,358,32411,598,9560.67%+2,240,632
CHAMPION HOMES INC(SKY)165,404164,045-1,35910,355,96712,528,1010.73%+2,172,134
THERMO FISHER SCIENTIFIC INC(TMO)27,14027,129-1111,004,00113,157,8780.76%+2,153,877
GLOBAL SHIP LEASE INC NEW1,202,6871,097,441-105,24631,642,69133,691,4531.95%+2,048,762
SIRIUSPOINT LTD(SPNT)736,248941,379+205,13115,012,09717,029,5530.99%+2,017,456
MIMEDX GROUP INC1,973,9322,005,014+31,08212,060,72613,994,9970.81%+1,934,271
JOHNSON & JOHNSON(JNJ)55,94255,892-508,545,21110,363,4400.60%+1,818,229
SILA REALTY TRUST INC1,133,6721,135,388+1,71626,834,00728,498,2351.65%+1,664,228
AMERICAN COASTAL INS CORP596,329723,900+127,5716,631,1788,245,2210.48%+1,614,043
NVE CORP55,05586,690+31,6354,052,5995,658,2560.33%+1,605,657
MATCH GROUP INC NEW(MTCH)323,636322,558-1,0789,997,11311,392,7340.66%+1,395,621
RF INDS LTD810,859803,059-7,8005,246,2586,609,1760.38%+1,362,918
CLEARFIELD INC177,000262,610+85,6107,683,5709,028,5320.52%+1,344,962
CIVITAS RESOURCES INC257,882259,248+1,3667,096,9088,425,5590.49%+1,328,651
FLEXSTEEL INDS INC60,00073,502+13,5022,161,8003,406,8180.20%+1,245,018
IRADIMED CORP(IRMD)017,000+17,00001,209,7200.07%+1,209,720
DOUGLAS DYNAMICS INC(PLOW)612,631614,815+2,18418,054,24719,219,1011.11%+1,164,854
TACTILE SYS TECHNOLOGY INC365,000346,125-18,8753,701,1004,790,3700.28%+1,089,270
INNOVATIVE SOLUTIONS & SUPPO210,000306,695+96,6952,914,8003,830,6210.22%+915,821
BRIDGEWATER BANCSHARES INC424,000433,960+9,9606,745,8407,637,6960.44%+891,856
RCM TECHNOLOGIES INC75,60097,206+21,6061,781,8922,580,8190.15%+798,927
MICROSOFT CORP(MSFT)36,63136,680+4918,220,58018,998,2431.10%+777,663
PLUMAS BANCORP43,94062,535+18,5951,953,5722,697,7600.16%+744,188
RENTOKIL INITIAL PLC(RTO)597,610597,185-42514,342,65115,078,9170.87%+736,266
SS&C TECHNOLOGIES HLDGS INC(SSNC)119,065119,331+2669,858,58210,591,8200.61%+733,238
ELECTROMED INC163,594175,520+11,9263,597,4324,309,0160.25%+711,584
ROYCE MICRO-CAP TR INC616,718616,71805,704,6416,407,7000.37%+703,059
MAMAS CREATIONS INC130,000165,000+35,0001,079,0001,734,1500.10%+655,150
BUILDERS FIRSTSOURCE INC(BLDR)127,838127,659-17914,917,44715,478,6860.90%+561,239
BERKSHIRE HATHAWAY INC DEL30,74630,810+6414,935,38815,489,3200.90%+553,932
BLACKSTONE MTG TR INC(BXMT)430,155479,793+49,6388,280,4788,832,9830.51%+552,505
HCI GROUP INC12,00012,280+2801,826,4002,356,9000.14%+530,500
KEWAUNEE SCIENTIFIC CORP43,30070,085+26,7852,541,7102,989,1250.17%+447,415
NATURES SUNSHINE PRODS INC300,000312,000+12,0004,437,0004,842,2400.28%+405,240
TAYLOR DEVICES INC50,00051,325+1,3252,170,0002,518,0040.15%+348,004
VIEMED HEALTHCARE INC613,000671,360+58,3604,235,8304,558,5340.26%+322,704
OPTEX SYS HLDGS INC331,495319,863-11,6323,808,8784,123,0340.24%+314,156
ALLIENT INC102,00089,500-12,5003,703,6204,005,1250.23%+301,505
DUKE ENERGY CORP NEW(DUK)47,42247,448+265,595,7835,871,7350.34%+275,952
GRAND CANYON ED INC(LOPE)01,105+1,1050242,5700.01%+242,570
ISHARES TR4,6754,927+2521,641,0991,866,9640.11%+225,865
BOEING CO105,990106,235+2457,207,3207,390,7690.43%+183,449
PRO-DEX INC COLO34,20048,608+14,4081,492,4881,645,3810.10%+152,893
ALEXANDER & BALDWIN INC NEW257,451260,449+2,9984,590,3434,737,5680.27%+147,225
NORTHEAST BK PORTLAND ME15,05014,835-2151,339,2991,485,8740.09%+146,575
BUNGE GLOBAL SA(BG)188,970188,110-86015,170,54115,283,9450.89%+113,404
TALEN ENERGY CORP(TLN)930860-70270,416365,8270.02%+95,411
GRAHAM CORP(GHM)73,25567,755-5,5003,626,8553,719,7490.22%+92,894
FIRST WESTN FINL INC314,737311,502-3,2357,100,4677,172,3340.42%+71,867
JEFFERIES FINL GROUP INC(JEF)5,2755,495+220288,490359,4830.02%+70,993
LADDER CAP CORP(LADR)421,618421,594-244,532,3994,599,5850.27%+67,186
PIMCO DYNAMIC INCOME STRATEG(PDX)1,071,5471,061,415-10,13226,413,63926,461,0641.53%+47,425
CIVEO CORP CDA273,470275,585+2,1156,314,4226,338,4550.37%+24,033
ISHARES TR140185+4530,21144,7630.00%+14,552
EPSILON ENERGY LTD211,200311,905+100,7051,558,6561,572,0010.09%+13,345
ISHARES TR366367+146,72454,7160.00%+7,992
FIRST FNDTN INC27,96026,375-1,585142,596146,9090.01%+4,313
TELADOC HEALTH INC(TDOC)0004,665,2264,667,1980.27%+1,972
ISHARES TR190190024,08225,7730.00%+1,691
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