Punch & Associates Investment Management

Punch & Associates Investment Management as of Dec. 31, 2011

Portfolio Holdings for Punch & Associates Investment Management

Punch & Associates Investment Management holds 169 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 500 Growth Index (IVW) 2.6 $9.9M 146k 67.43
Synovis Life Technologies (SYNO) 1.7 $6.5M 232k 27.83
Calamos Strategic Total Return Fund (CSQ) 1.6 $5.9M 708k 8.35
iShares Barclays 20+ Yr Treas.Bond (TLT) 1.5 $5.9M 48k 121.24
Electro Rent Corporation 1.5 $5.7M 332k 17.15
THE GDL FUND Closed-End fund (GDL) 1.4 $5.5M 463k 11.80
Altisource Portfolio Solns S reg 1.4 $5.3M 105k 50.18
Gabelli Dividend & Income Trust (GDV) 1.3 $5.1M 328k 15.42
Actuate Corporation 1.3 $4.9M 842k 5.86
CapLease 1.3 $4.8M 1.2M 4.04
Casual Male Retail 1.2 $4.8M 1.4M 3.42
DUSA Pharmaceuticals 1.2 $4.7M 1.1M 4.38
Standard Parking Corporation 1.2 $4.7M 261k 17.87
CenturyLink 1.2 $4.6M 123k 37.20
Young Innovations 1.1 $4.4M 147k 29.63
DSW 1.1 $4.2M 95k 44.21
Datalink Corporation 1.1 $4.2M 507k 8.26
Cohen & Steers infrastucture Fund (UTF) 1.1 $4.2M 265k 15.80
MFA Mortgage Investments 1.1 $4.1M 614k 6.72
Syneron Medical Ltd ord 1.1 $4.1M 369k 11.07
Steven Madden (SHOO) 1.1 $4.0M 117k 34.50
Procter & Gamble Company (PG) 1.0 $4.0M 59k 66.72
J&J Snack Foods (JJSF) 1.0 $3.8M 70k 53.29
Photronics (PLAB) 0.9 $3.6M 591k 6.08
Gsi 0.9 $3.6M 350k 10.23
NVE Corporation (NVEC) 0.9 $3.5M 64k 55.53
Blackrock Res & Commodities Strategy Tr (BCX) 0.9 $3.5M 266k 13.28
Cintas Corporation (CTAS) 0.9 $3.5M 100k 34.81
CorVel Corporation (CRVL) 0.9 $3.5M 68k 51.71
Duke Energy Corporation 0.9 $3.5M 157k 22.00
Dawson Geophysical Company 0.9 $3.5M 88k 39.53
Pzena Investment Management 0.9 $3.4M 794k 4.33
Cbiz (CBZ) 0.9 $3.4M 549k 6.11
Natural Gas Services (NGS) 0.9 $3.4M 232k 14.46
SunAmerica Focused Alpha Growth Fund 0.9 $3.3M 182k 18.28
Ascent Media Corporation 0.8 $3.2M 63k 50.73
TrueBlue (TBI) 0.8 $3.2M 232k 13.88
U.S. Physical Therapy (USPH) 0.8 $3.2M 162k 19.68
Virtus Investment Partners (VRTS) 0.8 $3.2M 42k 76.00
Material Sciences Corporation 0.8 $3.2M 391k 8.16
HealthStream (HSTM) 0.8 $3.1M 170k 18.45
Ameriprise Financial (AMP) 0.8 $3.1M 63k 49.64
Magellan Health Services 0.8 $3.1M 63k 49.47
Calamos Asset Management 0.8 $3.0M 240k 12.51
CVS Caremark Corporation (CVS) 0.8 $2.9M 72k 40.78
Hanger Orthopedic 0.8 $2.9M 156k 18.69
Hormel Foods Corporation (HRL) 0.8 $2.9M 100k 29.29
Fiserv (FI) 0.7 $2.8M 48k 58.75
Metropolitan Health Networks 0.7 $2.8M 378k 7.47
Synergetics USA 0.7 $2.8M 384k 7.38
Eaton Vance Enhanced Equity Income Fund (EOI) 0.7 $2.8M 278k 10.18
Boeing Company (BA) 0.7 $2.8M 38k 73.35
Simulations Plus (SLP) 0.7 $2.8M 925k 2.99
Clough Global Equity Fund closed-end fund (GLQ) 0.7 $2.8M 231k 12.04
Johnson & Johnson (JNJ) 0.7 $2.7M 41k 65.59
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.7 $2.7M 257k 10.57
Exxon Mobil Corporation (XOM) 0.7 $2.7M 32k 84.77
Monro Muffler Brake (MNRO) 0.7 $2.6M 68k 38.79
H&Q Life Sciences Investors 0.7 $2.7M 231k 11.47
Verizon Communications (VZ) 0.7 $2.6M 65k 40.13
Allegiant Travel Company (ALGT) 0.7 $2.6M 49k 53.35
Accenture (ACN) 0.7 $2.6M 49k 53.23
Calavo Growers (CVGW) 0.7 $2.5M 97k 25.68
TS&W/Claymore Tax-Advantaged Balanced Fu (TYW) 0.7 $2.5M 211k 11.70
Meadowbrook Insurance 0.6 $2.4M 228k 10.68
Syntel 0.6 $2.5M 52k 46.78
Invesco (IVZ) 0.6 $2.4M 119k 20.09
Cohen & Steers Clsd-End Optuny Fnd (FOF) 0.6 $2.4M 200k 11.97
Royce Micro Capital Trust (RMT) 0.6 $2.4M 273k 8.77
DWS Dreman Value Income Edge Fund 0.6 $2.4M 173k 13.86
Waste Management (WM) 0.6 $2.4M 72k 32.71
Universal Health Realty Income Trust (UHT) 0.6 $2.4M 61k 38.99
Westwood Holdings (WHG) 0.6 $2.4M 65k 36.55
Apollo Sr Floating Rate Fd I (AFT) 0.6 $2.4M 148k 16.01
Microsoft Corporation (MSFT) 0.6 $2.3M 90k 25.96
Putnam Municipal Opportunities Trust (PMO) 0.6 $2.3M 190k 12.27
American Dental Partners 0.6 $2.3M 122k 18.83
Assurant (AIZ) 0.6 $2.2M 55k 41.06
Ecolab (ECL) 0.6 $2.2M 38k 57.80
Xcel Energy (XEL) 0.6 $2.2M 81k 27.64
Hackett (HCKT) 0.6 $2.2M 596k 3.74
inContact, Inc . 0.6 $2.2M 487k 4.43
Inventure Foods 0.6 $2.2M 579k 3.74
Solar Cap (SLRC) 0.6 $2.1M 97k 22.10
TGC Industries 0.6 $2.1M 292k 7.14
Republic Services (RSG) 0.5 $2.1M 75k 27.55
R.G. Barry 0.5 $2.0M 167k 12.08
DST Systems 0.5 $2.0M 44k 45.52
Coca-Cola Company (KO) 0.5 $2.0M 28k 69.96
SRS Labs (SRSL) 0.5 $2.0M 347k 5.75
InsWeb Corporation 0.5 $2.0M 243k 8.14
Target Corporation (TGT) 0.5 $2.0M 38k 51.21
Accelrys 0.5 $1.9M 288k 6.72
CLICKSOFTWARE TECHNOLOGIES Ltd Com Stk 0.5 $1.9M 202k 9.59
Fifth Street Finance 0.5 $1.9M 201k 9.57
TechTarget 0.5 $1.8M 312k 5.84
Nasdaq Omx (NDAQ) 0.5 $1.8M 72k 24.51
Kenneth Cole Productions 0.5 $1.8M 170k 10.59
Barrett Business Services (BBSI) 0.5 $1.8M 90k 19.96
Novartis (NVS) 0.5 $1.8M 31k 57.16
Virtusa Corporation 0.5 $1.7M 120k 14.48
Asta Funding 0.5 $1.7M 219k 7.98
China Mobile 0.5 $1.7M 35k 48.49
Nathan's Famous (NATH) 0.5 $1.7M 82k 21.02
United Technologies Corporation 0.4 $1.7M 23k 73.10
Saba Software 0.4 $1.7M 213k 7.89
City Tele 0.4 $1.7M 159k 10.51
Alamo (ALG) 0.4 $1.6M 61k 26.93
Royce Value Trust (RVT) 0.4 $1.6M 132k 12.27
Five Star Quality Care 0.4 $1.6M 537k 3.00
JPMorgan Chase & Co. (JPM) 0.4 $1.6M 47k 33.26
Harvard Bioscience (HBIO) 0.4 $1.5M 393k 3.87
Homeowners Choice 0.4 $1.5M 185k 8.01
BofI Holding 0.4 $1.5M 90k 16.25
IntegraMed America 0.4 $1.5M 185k 7.85
Lattice Semiconductor (LSCC) 0.4 $1.4M 236k 5.94
Datawatch Corporation 0.4 $1.4M 244k 5.71
Epoch Holding 0.4 $1.4M 62k 22.23
JMP 0.4 $1.4M 190k 7.15
Versant Corporation (VSNT) 0.4 $1.4M 148k 9.26
Reis 0.4 $1.4M 150k 9.12
Eaton V.Tax-Advantaged Dividend Inc Fund (EVT) 0.4 $1.4M 95k 14.60
3M Company (MMM) 0.3 $1.3M 16k 81.73
MicroFinancial Incorporated 0.3 $1.3M 221k 5.78
Redwood Trust (RWT) 0.3 $1.2M 122k 10.18
eLong 0.3 $1.2M 83k 15.03
Manitex International 0.3 $1.2M 291k 4.24
BioClinica 0.3 $1.2M 272k 4.25
Pervasive Software 0.3 $1.1M 192k 5.82
Euroseas 0.3 $1.1M 477k 2.35
Integrated Silicon Solution 0.3 $1.0M 112k 9.14
Edelman Finl Group 0.3 $977k 149k 6.57
Xylem (XYL) 0.3 $1.0M 39k 25.68
Ramtron International 0.2 $927k 476k 1.95
Jamba 0.2 $887k 677k 1.31
Data I/O Corporation (DAIO) 0.2 $893k 233k 3.84
H&Q Healthcare Investors 0.2 $893k 63k 14.12
Mesa Laboratories (MLAB) 0.2 $838k 20k 41.46
Adams Golf 0.2 $852k 139k 6.12
National Research Corporation (NRCI) 0.2 $796k 21k 38.82
Physicians Formula Holdings 0.2 $746k 233k 3.20
Commtouch Software 0.2 $753k 232k 3.25
Insignia Systems 0.2 $736k 368k 2.00
Cover-All Technologies 0.2 $734k 413k 1.78
Zix Corporation 0.2 $691k 245k 2.82
Willdan (WLDN) 0.2 $699k 177k 3.94
Shutterfly 0.2 $640k 28k 22.78
Vanguard Growth ETF (VUG) 0.2 $636k 10k 61.81
Earthstone Energy 0.2 $650k 42k 15.47
Medtronic 0.2 $602k 16k 38.23
Motorcar Parts of America (MPAA) 0.2 $612k 82k 7.50
Global Sources 0.1 $570k 118k 4.85
Support 0.1 $555k 247k 2.25
MakeMusic (MMUS) 0.1 $521k 118k 4.42
Navarre Corporation 0.1 $507k 329k 1.54
Mocon 0.1 $416k 26k 15.93
Itt 0.1 $374k 19k 19.32
PowerShrs CEF Income Cmpst Prtfl 0.1 $262k 11k 23.51
Blackrock Municipal 2020 Term Trust 0.1 $263k 17k 15.78
EnteroMedics 0.0 $135k 79k 1.70
Clough Global Allocation Fun (GLV) 0.0 $166k 13k 12.77
Psychemedics (PMD) 0.0 $111k 12k 9.10
Pro-dex Inc Colo equity (PDEX) 0.0 $123k 50k 2.46
Ellie Mae 0.0 $58k 10k 5.60
Cosi 0.0 $35k 49k 0.71
Hudson Technologies (HDSN) 0.0 $44k 30k 1.47
General Finance Corporation 0.0 $40k 15k 2.65
Homeowners Choice Inc *w exp 09/30/201 0.0 $27k 55k 0.49
Hutchinson Technology Incorporated 0.0 $15k 10k 1.50