Filed: 11/14/2025ACC: 0001398344-25-020910
📋 What this filing means
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 160 equity positions with a total reported market value of $1.73B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
160
Positions
$1.73B
Total AUM (reported)
66.65M
Total Shares
Allocation by class
COM$1.15B66.7%
COM CL A$102.40M5.9%
COM NEW$101.59M5.9%
COMMON STOCK$98.83M5.7%
COM SHS$36.71M2.1%
CAP STK CL A$32.60M1.9%
SHS CLASS A$29.23M1.7%
Portfolio Concentration
Top 3$161.78M9.4%
4–10$224.14M13.0%
11–25$352.59M20.4%
Rest$986.52M57.2%
Top 3 weight
9.4%
Top 10 weight
22.4%
Voting Authority Distribution
Total shares with voting rights: 66.65M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
66.65M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole160
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings160
Rows:
STONEX GROUP INC
SOLEShares710.85K
TypeSH
Market value$71.74M
4.16%
Sole
0.00
Shared
0.00
None
710.85K
RADNET INC
SOLEShares649.38K
TypeSH
Market value$49.49M
2.87%
Sole
0.00
Shared
0.00
None
649.38K
LAUREATE EDUCATION INC
SOLEShares1.29M
TypeSH
Market value$40.55M
2.35%
Sole
0.00
Shared
0.00
None
1.29M
UNIVERSAL TECHNICAL INST INC
SOLEShares1.16M
TypeSH
Market value$37.83M
2.19%
Sole
0.00
Shared
0.00
None
1.16M
ARCOSA INC
SOLEShares363.60K
TypeSH
Market value$34.07M
1.98%
Sole
0.00
Shared
0.00
None
363.60K
GLOBAL SHIP LEASE INC NEW
SOLEShares1.10M
TypeSH
Market value$33.69M
1.95%
Sole
0.00
Shared
0.00
None
1.10M
ALPHABET INC
SOLEShares134.08K
TypeSH
Market value$32.60M
1.89%
Sole
0.00
Shared
0.00
None
134.08K
VITESSE ENERGY INC
SOLEShares1.27M
TypeSH
Market value$29.57M
1.71%
Sole
0.00
Shared
0.00
None
1.27M
SILA REALTY TRUST INC
SOLEShares1.14M
TypeSH
Market value$28.50M
1.65%
Sole
0.00
Shared
0.00
None
1.14M
VERRA MOBILITY CORP
SOLEShares1.13M
TypeSH
Market value$27.88M
1.62%
Sole
0.00
Shared
0.00
None
1.13M
PIMCO DYNAMIC INCOME STRATEG
SOLEShares1.06M
TypeSH
Market value$26.46M
1.53%
Sole
0.00
Shared
0.00
None
1.06M
GREEN BRICK PARTNERS INC
SOLEShares354.90K
TypeSH
Market value$26.21M
1.52%
Sole
0.00
Shared
0.00
None
354.90K
A10 NETWORKS INC
SOLEShares1.43M
TypeSH
Market value$25.98M
1.51%
Sole
0.00
Shared
0.00
None
1.43M
PAR PAC HOLDINGS INC
SOLEShares713.43K
TypeSH
Market value$25.27M
1.46%
Sole
0.00
Shared
0.00
None
713.43K
I3 VERTICALS INC
SOLEShares777.48K
TypeSH
Market value$25.24M
1.46%
Sole
0.00
Shared
0.00
None
777.48K
LIQUIDITY SVCS INC
SOLEShares909.74K
TypeSH
Market value$24.95M
1.45%
Sole
0.00
Shared
0.00
None
909.74K
CAVCO INDS INC DEL
SOLEShares42.69K
TypeSH
Market value$24.79M
1.44%
Sole
0.00
Shared
0.00
None
42.69K
BLUELINX HLDGS INC
SOLEShares321.23K
TypeSH
Market value$23.48M
1.36%
Sole
0.00
Shared
0.00
None
321.23K
FIRST INTST BANCSYSTEM INC
SOLEShares724.15K
TypeSH
Market value$23.08M
1.34%
Sole
0.00
Shared
0.00
None
724.15K
LENDINGTREE INC NEW
SOLEShares347.65K
TypeSH
Market value$22.50M
1.30%
Sole
0.00
Shared
0.00
None
347.65K
LEGALZOOM COM INC
SOLEShares2.13M
TypeSH
Market value$22.07M
1.28%
Sole
0.00
Shared
0.00
None
2.13M
NPK INTERNATIONAL INC
SOLEShares1.89M
TypeSH
Market value$21.43M
1.24%
Sole
0.00
Shared
0.00
None
1.89M
ROYALTY PHARMA PLC
SOLEShares595.89K
TypeSH
Market value$21.02M
1.22%
Sole
0.00
Shared
0.00
None
595.89K
KKR & CO INC
SOLEShares159.71K
TypeSH
Market value$20.75M
1.20%
Sole
0.00
Shared
0.00
None
159.71K
PRICESMART INC
SOLEShares159.68K
TypeSH
Market value$19.35M
1.12%
Sole
0.00
Shared
0.00
None
159.68K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
STONEX GROUP INCSOLE | COM | 710.85K | SH | $71.74M 4.16% | 0.00 | 0.00 | 710.85K |
RADNET INCSOLE | COM | 649.38K | SH | $49.49M 2.87% | 0.00 | 0.00 | 649.38K |
LAUREATE EDUCATION INCSOLE | COMMON STOCK | 1.29M | SH | $40.55M 2.35% | 0.00 | 0.00 | 1.29M |
UNIVERSAL TECHNICAL INST INCSOLE | COM | 1.16M | SH | $37.83M 2.19% | 0.00 | 0.00 | 1.16M |
ARCOSA INCSOLE | COM | 363.60K | SH | $34.07M 1.98% | 0.00 | 0.00 | 363.60K |
GLOBAL SHIP LEASE INC NEWSOLE | COM CL A | 1.10M | SH | $33.69M 1.95% | 0.00 | 0.00 | 1.10M |
ALPHABET INCSOLE | CAP STK CL A | 134.08K | SH | $32.60M 1.89% | 0.00 | 0.00 | 134.08K |
VITESSE ENERGY INCSOLE | COMMON STOCK | 1.27M | SH | $29.57M 1.71% | 0.00 | 0.00 | 1.27M |
SILA REALTY TRUST INCSOLE | COMMON STOCK | 1.14M | SH | $28.50M 1.65% | 0.00 | 0.00 | 1.14M |
VERRA MOBILITY CORPSOLE | CL A COM STK | 1.13M | SH | $27.88M 1.62% | 0.00 | 0.00 | 1.13M |
PIMCO DYNAMIC INCOME STRATEGSOLE | COM SHS BEN INT | 1.06M | SH | $26.46M 1.53% | 0.00 | 0.00 | 1.06M |
GREEN BRICK PARTNERS INCSOLE | COM | 354.90K | SH | $26.21M 1.52% | 0.00 | 0.00 | 354.90K |
A10 NETWORKS INCSOLE | COM | 1.43M | SH | $25.98M 1.51% | 0.00 | 0.00 | 1.43M |
PAR PAC HOLDINGS INCSOLE | COM NEW | 713.43K | SH | $25.27M 1.46% | 0.00 | 0.00 | 713.43K |
I3 VERTICALS INCSOLE | COM CL A | 777.48K | SH | $25.24M 1.46% | 0.00 | 0.00 | 777.48K |
LIQUIDITY SVCS INCSOLE | COM | 909.74K | SH | $24.95M 1.45% | 0.00 | 0.00 | 909.74K |
CAVCO INDS INC DELSOLE | COM | 42.69K | SH | $24.79M 1.44% | 0.00 | 0.00 | 42.69K |
BLUELINX HLDGS INCSOLE | COM NEW | 321.23K | SH | $23.48M 1.36% | 0.00 | 0.00 | 321.23K |
FIRST INTST BANCSYSTEM INCSOLE | COM | 724.15K | SH | $23.08M 1.34% | 0.00 | 0.00 | 724.15K |
LENDINGTREE INC NEWSOLE | COM | 347.65K | SH | $22.50M 1.30% | 0.00 | 0.00 | 347.65K |
LEGALZOOM COM INCSOLE | COM | 2.13M | SH | $22.07M 1.28% | 0.00 | 0.00 | 2.13M |
NPK INTERNATIONAL INCSOLE | COM SHS | 1.89M | SH | $21.43M 1.24% | 0.00 | 0.00 | 1.89M |
ROYALTY PHARMA PLCSOLE | SHS CLASS A | 595.89K | SH | $21.02M 1.22% | 0.00 | 0.00 | 595.89K |
KKR & CO INCSOLE | COM | 159.71K | SH | $20.75M 1.20% | 0.00 | 0.00 | 159.71K |
PRICESMART INCSOLE | COM | 159.68K | SH | $19.35M 1.12% | 0.00 | 0.00 | 159.68K |
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