Fund HoldingsPUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Total Portfolio Value
$1.71B
Total Bought
$164.91M
Total Sold
$148.48M
Net Transaction
+$16.43M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SIRIUSPOINT LTD(SPNT)941,3791,390,091+448,71217,03030,4291.78%+13,400
ENOVA INTL INC(ENVA)96,452150,578+54,12611,10123,6711.38%+12,570
ALPHABET INC(GOOG)134,083131,651-2,43232,59641,2072.41%+8,611
INNOVATIVE SOLUTIONS & SUPPO306,695595,174+288,4793,83111,2730.66%+7,442
MARVELL TECHNOLOGY INC(MRVL)077,592+77,59206,5940.38%+6,594
TACTILE SYS TECHNOLOGY INC346,125373,975+27,8504,79010,8450.63%+6,055
ARCOSA INC363,595361,494-2,10134,07338,4342.24%+4,361
PAYSIGN INC552,7351,462,560+909,8253,4777,5320.44%+4,055
LEGALZOOM COM INC(LZ)2,126,2602,627,047+500,78722,07126,0871.52%+4,016
SMARTRENT INC01,907,285+1,907,28503,8530.22%+3,853
VIANT TECHNOLOGY INC(DSP)01,156,915+1,156,915013,9290.81%+13,929
FIRST TR HIGH YIELD OPPRT 200827,076+827,076011,6370.68%+11,637
IQVIA HLDGS INC(IQV)87,41888,392+97416,60419,9241.16%+3,320
APOLLO GLOBAL MGMT INC(APO)66,75683,639+16,8838,89712,1080.71%+3,211
MILLER INDS INC TENN081,186+81,18603,0340.18%+3,034
AVANOS MED INC(AVNS)0270,000+270,00003,0320.18%+3,032
MADDEN STEVEN LTD(SHOO)331,551331,943+39211,10013,8220.81%+2,722
NORTHRIM BANCORP INC247,496302,900+55,4045,3618,0600.47%+2,699
ADDUS HOMECARE CORP143,655182,954+39,29916,95019,6471.15%+2,698
RENTOKIL INITIAL PLC(RTO)597,185602,662+5,47715,07917,7541.04%+2,676
THERMO FISHER SCIENTIFIC INC(TMO)27,12927,295+16613,15815,8160.92%+2,658
LIQUIDITY SVCS INC(LQDT)909,743910,246+50324,95427,5901.61%+2,635
HEARTLAND EXPRESS INC(HTLD)0290,000+290,00002,6190.15%+2,619
CSW INDUSTRIALS INC(CSW)050,018+50,018014,6820.86%+14,682
NATURES SUNSHINE PRODS INC312,000340,000+28,0004,8427,3370.43%+2,495
ALEXANDER & BALDWIN INC NEW260,449348,665+88,2164,7387,1960.42%+2,459
LENDINGTREE INC NEW347,654469,647+121,99322,50424,9341.46%+2,430
FIRST FNDTN INC
COM
26,375415,980+389,6051472,5620.15%+2,416
LAUREATE EDUCATION INC(LAUR)1,285,8021,272,453-13,34940,55442,8432.50%+2,289
ROYALTY PHARMA PLC(RPRX)0600,166+600,166023,1901.35%+23,190
FIRST INTST BANCSYSTEM INC(FIBK)724,155723,818-33723,07925,0441.46%+1,965
BUNGE GLOBAL SA(BG)188,110190,052+1,94215,28416,9300.99%+1,646
AMERICAN COASTAL INS CORP723,900776,400+52,5008,2459,8060.57%+1,561
ISHARES TR012,376+12,37601,4870.09%+1,487
JOHNSON & JOHNSON(JNJ)55,89256,724+83210,36311,7390.69%+1,376
SAN JUAN BASIN RTY TR(SJT)443,701700,000+256,2992,6803,9340.23%+1,254
IDAHO STRATEGIC RESOURCES209,655206,365-3,2907,0848,3170.49%+1,232
ELECTROMED INC175,520187,020+11,5004,3095,4460.32%+1,137
CARRIAGE SVCS INC211,425246,699+35,2749,41710,4350.61%+1,018
UNITEDHEALTH GROUP INC(UNH)26,57230,725+4,1539,17510,1430.59%+968
DOUGLAS DYNAMICS INC(PLOW)614,815614,706-10919,21920,0701.17%+851
ULTA BEAUTY INC(ULTA)32,95031,125-1,82518,01518,8311.10%+815
AGILYSYS INC(AGYS)061,700+61,70007,3320.43%+7,332
ALLIENT INC89,50089,50004,0054,8110.28%+806
SILA REALTY TRUST INC1,135,3881,255,395+120,00728,49829,2631.71%+765
PRO-DEX INC COLO48,60860,000+11,3921,6452,3090.13%+663
NPK INTERNATIONAL INC(NPKI)1,894,7261,852,804-41,92221,42922,0851.29%+656
ARHAUS INC(ARHS)1,091,1531,093,085+1,93211,59912,2530.72%+655
TARGET CORP(TGT)085,772+85,77208,3840.49%+8,384
UFP TECHNOLOGIES INC(UFPT)022,700+22,70005,0400.29%+5,040
MAMAS CREATIONS INC165,000165,00001,7342,2260.13%+492
GRAHAM CORP(GHM)67,75565,503-2,2523,7204,2070.25%+488
TAYLOR DEVICES INC51,32551,32502,5183,0000.18%+482
JPMORGAN CHASE & CO.(JPM)046,039+46,039014,8350.87%+14,835
MATCH GROUP INC NEW(MTCH)322,558366,995+44,43711,39311,8500.69%+458
IRADIMED CORP(IRMD)17,00017,00001,2101,6540.10%+444
VIEMED HEALTHCARE INC671,360671,36004,5594,9880.29%+430
PLUMAS BANCORP62,53569,275+6,7402,6983,0960.18%+398
BRIGHTSPIRE CAPITAL INC2,335,9702,333,619-2,35112,68413,0680.76%+384
NVE CORP86,690101,770+15,0805,6586,0380.35%+380
BLACKSTONE MTG TR INC(BXMT)479,793480,653+8608,8339,1950.54%+362
GLOBAL SHIP LEASE INC NEW
COM CL A
1,097,441971,790-125,65133,69134,0521.99%+360
DEERE & CO(DE)023,438+23,438010,9120.64%+10,912
LEGACY ED INC0185,000+185,00001,8850.11%+1,885
HACKETT GROUP INC0427,053+427,05308,3830.49%+8,383
PRICESMART INC(PSMT)159,681159,625-5619,35219,5811.14%+229
LAMAR ADVERTISING CO NEW(LAMR)01,620+1,62002050.01%+205
RCM TECHNOLOGIES INC97,206136,078+38,8722,5812,7820.16%+201
FLEXSTEEL INDS INC73,50290,980+17,4783,4073,5930.21%+186
EPSILON ENERGY LTD311,905376,905+65,0001,5721,7490.10%+177
BERKSHIRE HATHAWAY INC DEL30,81031,112+30215,48915,6390.91%+149
ISHARES TR4,9275,093+1661,8671,9700.12%+103
CION INVT CORP(CICB)010,435+10,43501010.01%+101
FIRST WESTN FINL INC311,502270,945-40,5577,1727,2640.42%+92
OPTEX SYS HLDGS INC319,863296,960-22,9034,1234,2110.25%+88
ISHARES TR185505+320451240.01%+80
KEWAUNEE SCIENTIFIC CORP70,08581,835+11,7502,9893,0610.18%+72
TELADOC HEALTH INC(TDOC)0004,6674,7380.28%+70
BRIDGEWATER BANCSHARES INC433,960438,960+5,0007,6387,6950.45%+57
WASTE MGMT INC DEL(WM)045,589+45,589010,0160.58%+10,016
CAVCO INDS INC DEL(CVCO)42,68642,051-63524,78924,8411.45%+52
DISNEY WALT CO(DIS)0116,337+116,337013,2360.77%+13,236
NORTHEAST BK PORTLAND ME
COM
14,83514,740-951,4861,5320.09%+46
ROYCE MICRO-CAP TR INC616,718615,988-7306,4086,4250.38%+17
LINCOLN EDL SVCS CORP(LINC)0362,295+362,29508,7490.51%+8,749
VANGUARD INDEX FDS01,208+1,20802560.01%+256
AMERIPRISE FINL INC(AMP)026,316+26,316012,9040.75%+12,904
QXO INC(QXO)057,015+57,01503,1440.18%+3,144
VANGUARD INDEX FDS0448+44801500.01%+150
ISHARES TR367367055580.00%+3
ISHARES TR020+20040.00%+4
VANGUARD INDEX FDS062+620390.00%+39
ISHARES TR190190026260.00%+1
ISHARES TR028+280190.00%+19
ISHARES TR
CORE MSCI EAFE
068+68060.00%+6
ISHARES TR098+98080.00%+8
ISHARES TR047+47050.00%+5
ISHARES TR0300+3000300.00%+30
ALPS ETF TR
ALERIAN MLP
087,148+87,14804,0980.24%+4,098
KKR & CO INC(KKR)060,405+60,40503,1310.18%+3,131
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