Filed: 2/17/2026ACC: 0001398344-26-003220
📋 What this filing means
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 156 equity positions with a total reported market value of $1.71B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
156
Positions
$1.71B
Total AUM (reported)
68.95M
Total Shares
Allocation by class
COM$1.16B68.0%
COM CL A$105.94M6.2%
COMMON STOCK$99.81M5.8%
COM NEW$82.49M4.8%
CAP STK CL A$41.21M2.4%
COM SHS$39.02M2.3%
SHS CLASS A$27.09M1.6%
Portfolio Concentration
Top 3$156.64M9.1%
4–10$231.66M13.5%
11–25$351.19M20.5%
Rest$973.28M56.8%
Top 3 weight
9.1%
Top 10 weight
22.7%
Voting Authority Distribution
Total shares with voting rights: 68.95M
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
68.95M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole156
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings156
Rows:
STONEX GROUP INC
SOLEShares707.84K
TypeSH
Market value$67.34M
3.93%
Sole
0.00
Shared
0.00
None
707.84K
RADNET INC
SOLEShares651.17K
TypeSH
Market value$46.46M
2.71%
Sole
0.00
Shared
0.00
None
651.17K
LAUREATE EDUCATION INC
SOLEShares1.27M
TypeSH
Market value$42.84M
2.50%
Sole
0.00
Shared
0.00
None
1.27M
ALPHABET INC
SOLEShares131.65K
TypeSH
Market value$41.21M
2.41%
Sole
0.00
Shared
0.00
None
131.65K
ARCOSA INC
SOLEShares361.49K
TypeSH
Market value$38.43M
2.24%
Sole
0.00
Shared
0.00
None
361.49K
GLOBAL SHIP LEASE INC NEW
SOLEShares971.79K
TypeSH
Market value$34.05M
1.99%
Sole
0.00
Shared
0.00
None
971.79K
UNIVERSAL TECHNICAL INST INC
SOLEShares1.17M
TypeSH
Market value$30.57M
1.78%
Sole
0.00
Shared
0.00
None
1.17M
SIRIUSPOINT LTD
SOLEShares1.39M
TypeSH
Market value$30.43M
1.78%
Sole
0.00
Shared
0.00
None
1.39M
SILA REALTY TRUST INC
SOLEShares1.26M
TypeSH
Market value$29.26M
1.71%
Sole
0.00
Shared
0.00
None
1.26M
VITESSE ENERGY INC
SOLEShares1.44M
TypeSH
Market value$27.71M
1.62%
Sole
0.00
Shared
0.00
None
1.44M
LIQUIDITY SVCS INC
SOLEShares910.25K
TypeSH
Market value$27.59M
1.61%
Sole
0.00
Shared
0.00
None
910.25K
LEGALZOOM COM INC
SOLEShares2.63M
TypeSH
Market value$26.09M
1.52%
Sole
0.00
Shared
0.00
None
2.63M
A10 NETWORKS INC
SOLEShares1.44M
TypeSH
Market value$25.40M
1.48%
Sole
0.00
Shared
0.00
None
1.44M
VERRA MOBILITY CORP
SOLEShares1.13M
TypeSH
Market value$25.27M
1.48%
Sole
0.00
Shared
0.00
None
1.13M
FIRST INTST BANCSYSTEM INC
SOLEShares723.82K
TypeSH
Market value$25.04M
1.46%
Sole
0.00
Shared
0.00
None
723.82K
LENDINGTREE INC NEW
SOLEShares469.65K
TypeSH
Market value$24.93M
1.46%
Sole
0.00
Shared
0.00
None
469.65K
CAVCO INDS INC DEL
SOLEShares42.05K
TypeSH
Market value$24.84M
1.45%
Sole
0.00
Shared
0.00
None
42.05K
ENOVA INTL INC
SOLEShares150.58K
TypeSH
Market value$23.67M
1.38%
Sole
0.00
Shared
0.00
None
150.58K
ROYALTY PHARMA PLC
SOLEShares600.17K
TypeSH
Market value$23.19M
1.35%
Sole
0.00
Shared
0.00
None
600.17K
NPK INTERNATIONAL INC
SOLEShares1.85M
TypeSH
Market value$22.09M
1.29%
Sole
0.00
Shared
0.00
None
1.85M
GREEN BRICK PARTNERS INC
SOLEShares352.25K
TypeSH
Market value$22.07M
1.29%
Sole
0.00
Shared
0.00
None
352.25K
KKR & CO INC
SOLEShares161.50K
TypeSH
Market value$20.59M
1.20%
Sole
0.00
Shared
0.00
None
161.50K
PAR PAC HOLDINGS INC
SOLEShares581.36K
TypeSH
Market value$20.43M
1.19%
Sole
0.00
Shared
0.00
None
581.36K
DOUGLAS DYNAMICS INC
SOLEShares614.71K
TypeSH
Market value$20.07M
1.17%
Sole
0.00
Shared
0.00
None
614.71K
IQVIA HLDGS INC
SOLEShares88.39K
TypeSH
Market value$19.92M
1.16%
Sole
0.00
Shared
0.00
None
88.39K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
STONEX GROUP INCSOLE | COM | 707.84K | SH | $67.34M 3.93% | 0.00 | 0.00 | 707.84K |
RADNET INCSOLE | COM | 651.17K | SH | $46.46M 2.71% | 0.00 | 0.00 | 651.17K |
LAUREATE EDUCATION INCSOLE | COMMON STOCK | 1.27M | SH | $42.84M 2.50% | 0.00 | 0.00 | 1.27M |
ALPHABET INCSOLE | CAP STK CL A | 131.65K | SH | $41.21M 2.41% | 0.00 | 0.00 | 131.65K |
ARCOSA INCSOLE | COM | 361.49K | SH | $38.43M 2.24% | 0.00 | 0.00 | 361.49K |
GLOBAL SHIP LEASE INC NEWSOLE | COM CL A | 971.79K | SH | $34.05M 1.99% | 0.00 | 0.00 | 971.79K |
UNIVERSAL TECHNICAL INST INCSOLE | COM | 1.17M | SH | $30.57M 1.78% | 0.00 | 0.00 | 1.17M |
SIRIUSPOINT LTDSOLE | COM | 1.39M | SH | $30.43M 1.78% | 0.00 | 0.00 | 1.39M |
SILA REALTY TRUST INCSOLE | COMMON STOCK | 1.26M | SH | $29.26M 1.71% | 0.00 | 0.00 | 1.26M |
VITESSE ENERGY INCSOLE | COMMON STOCK | 1.44M | SH | $27.71M 1.62% | 0.00 | 0.00 | 1.44M |
LIQUIDITY SVCS INCSOLE | COM | 910.25K | SH | $27.59M 1.61% | 0.00 | 0.00 | 910.25K |
LEGALZOOM COM INCSOLE | COM | 2.63M | SH | $26.09M 1.52% | 0.00 | 0.00 | 2.63M |
A10 NETWORKS INCSOLE | COM | 1.44M | SH | $25.40M 1.48% | 0.00 | 0.00 | 1.44M |
VERRA MOBILITY CORPSOLE | CL A COM STK | 1.13M | SH | $25.27M 1.48% | 0.00 | 0.00 | 1.13M |
FIRST INTST BANCSYSTEM INCSOLE | COM | 723.82K | SH | $25.04M 1.46% | 0.00 | 0.00 | 723.82K |
LENDINGTREE INC NEWSOLE | COM | 469.65K | SH | $24.93M 1.46% | 0.00 | 0.00 | 469.65K |
CAVCO INDS INC DELSOLE | COM | 42.05K | SH | $24.84M 1.45% | 0.00 | 0.00 | 42.05K |
ENOVA INTL INCSOLE | COM | 150.58K | SH | $23.67M 1.38% | 0.00 | 0.00 | 150.58K |
ROYALTY PHARMA PLCSOLE | SHS CLASS A | 600.17K | SH | $23.19M 1.35% | 0.00 | 0.00 | 600.17K |
NPK INTERNATIONAL INCSOLE | COM SHS | 1.85M | SH | $22.09M 1.29% | 0.00 | 0.00 | 1.85M |
GREEN BRICK PARTNERS INCSOLE | COM | 352.25K | SH | $22.07M 1.29% | 0.00 | 0.00 | 352.25K |
KKR & CO INCSOLE | COM | 161.50K | SH | $20.59M 1.20% | 0.00 | 0.00 | 161.50K |
PAR PAC HOLDINGS INCSOLE | COM NEW | 581.36K | SH | $20.43M 1.19% | 0.00 | 0.00 | 581.36K |
DOUGLAS DYNAMICS INCSOLE | COM | 614.71K | SH | $20.07M 1.17% | 0.00 | 0.00 | 614.71K |
IQVIA HLDGS INCSOLE | COM | 88.39K | SH | $19.92M 1.16% | 0.00 | 0.00 | 88.39K |
Page 1 of 7
…