Punch & Associates Investment Management, INC. — Q1 2017 13F Holdings

Name: Punch & Associates Investment Management, INC. — 13F Holdings, Q1 2017
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001238990

Total reported value

$1.7B

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	CSWC	Capital Southwest CORP	Stock-Other	2.77%	—	+1.01%
2	INTLUSD	Intl Fcstone INC	Stock-Other	1.94%	—	—
3	DGII	Digi International INC	Stock-Other	1.69%	—	+2.94%
4	SPOK	Spok Holdings INC	Stock-Other	1.64%	—	—
5	PZNUSD	Pzena Investment Managm-cl A	Stock-Other	1.55%	—	—
6	IVW	Ishares S&p 500 Growth ETF	ETF-Large Cap & Growth	1.45%	—	+1.52%
7	NLSUSD	Bowflex INC	Stock-Other	1.40%	—	—
8	PLOW	Douglas Dynamics INC	Stock-Other	1.36%	+0.34%	—
9	CALY	Callaway Golf Company	Stock-Other	1.29%	—	+2.04%
10	HCKT	Hackett Group Inc/the	Stock-Other	1.28%	—	+7.44%
11	✓	Landauer INC Com	Stock-Other	1.25%	—	—
12	MBUU	Malibu Boats INC - A	Stock-Other	1.21%	—	—
13	GRBK	Green Brick Partners INC	Stock-Other	1.20%	—	+12.50%
14	✓	Rydex ETF Trust	ETF-Other	1.20%	—	—
15	SHY	Ishares 1-3 Year Treasury Bo	ETF-Gov Bonds	1.15%	—	-4.27%
16	BANX	Arrowmark Financial CORP	Stock-Other	1.13%	—	-3.51%
17	JLS	Nuveen Mortgage & Income	Stock-Other	1.10%	—	+13.21%
18	CCD	Calamos Dyn Convert & INC	Stock-Other	1.08%	—	—
19	SSP	Ew Scripps Co/the-a	Stock-Other	1.07%	—	-15.96%
20	NML	Neuberger Energy Infrastruct	Stock-Other	1.05%	—	—
21	FOE	Ferro CORP	Stock-Other	1.04%	—	+31.75%
22	MCN	Xai Madison Equity Premium I	Stock-Other	1.03%	—	-6.19%
23	PFLT	Pennantpark Floating Rate Ca	Stock-Other	1.01%	—	—
24	ABR	Arbor Realty Trust INC	Stock-Real Estate	0.97%	—	-14.72%
25	DSEUR	Drive Shack INC	Stock-Other	0.96%	—	-3.97%
26	WHG	Westwood Holdings Group INC	Stock-Other	0.95%	—	+14.07%
27	UHAL	U-haul Holding Co	Stock-Other	0.94%	—	+0.52%
28	NGS	Natural Gas Services Group	Stock-Other	0.92%	—	—
29	IEUR	Ishares Core Msci Europe ETF	ETF-Other	0.91%	—	—
30	EFT	Techtarget	Stock-Other	0.85%	—	—
31	CECO	Ceco Environmental CORP	Stock-Other	0.85%	—	+0.97%
32	DLX	Deluxe CORP	Stock-Other	0.82%	—	+7.41%
33	FC	Franklin Covey Co	Stock-Other	0.80%	-0.31%	EXIT
34	MIC2EUR	Macquarie Infrastructure Hol	Stock-Other	0.79%	—	—
35	LAD	Lithia Motors INC	Stock-Consumer Disc	0.79%	—	+2.25%
36	SNR1USD	New Senior Investment Group	Stock-Other	0.78%	—	+1.50%
37	SAMG	Silvercrest Asset Manageme-a	Stock-Other	0.73%	+0.19%	NEW
38	CIM	Chimera Investment Corporation	Stock-Other	0.73%	—	—
39	HMN	Horace Mann Educators	Stock-Other	0.73%	—	+1.77%
40	NBB	Nuveen Taxable Municipal INC	Stock-Other	0.72%	—	—
41	BKCCUSD	Blackrock Capital Investment	Stock-Other	0.70%	—	+3.43%
42	NRE	Northstar Realty Europe CORP	Stock-Other	0.68%	—	—
43	ESGRP	Enstar Group Limited - Deposita	Stock-Other	0.67%	—	—
44	MSFT	Microsoft CORP	Stock-Tech	0.66%	—	+0.64%
45	BGB	Blackstone Strategic Credit	Stock-Other	0.65%	—	—
46	CORREUR	Corenergy Infrastructure Tru	Stock-Other	0.65%	—	-51.81%
47	JPM	Jpmorgan Chase & Co	Stock-Financials	0.65%	—	—
48	ENFCUSD	Entegra Financial CORP	Stock-Other	0.65%	—	—
49	CARBUSD	Carbonite INC	Stock-Other	0.65%	—	+1.85%
50	SPUSD	Sp Plus CORP	Stock-Other	0.64%	—	—

1–50 of 182

Holding changes this quarter

Position changes disclosed by Punch & Associates Investment Management, INC. for the quarter ending Q1 2017, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	CORREUR	Corenergy Infrastructure Tru	-0.8%	-51.81%	Trim
2	INTLUSD	Intl Fcstone INC	—	NEW	New buy
3	✓	Spok Holdings	—	EXIT	Sold out
4	✓	Intl Fcstone INC	—	EXIT	Sold out
5	SPOK	Spok Holdings INC	—	NEW	New buy
6	✓	Pzena Investment Mgmt INC	—	EXIT	Sold out
7	PZNUSD	Pzena Investment Managm-cl A	—	NEW	New buy
8	✓	Douglas Dynamics Inc	—	EXIT	Sold out
9	✓	Nautilis, INC	—	EXIT	Sold out
10	NLSUSD	Bowflex INC	—	NEW	New buy
11	PLOW	Douglas Dynamics INC	—	NEW	New buy
12	✓	Pennantpark Floating Rate Ca	—	EXIT	Sold out
13	✓	Landauer INC Com	—	NEW	New buy
14	✓	Landauer INC	—	EXIT	Sold out
15	MBUU	Malibu Boats INC - A	—	NEW	New buy
16	✓	Rydex ETF Trust	—	NEW	New buy
17	✓	Rydex ETF Trust	—	EXIT	Sold out
18	CCD	Calamos Dyn Convert & INC	—	NEW	New buy
19	NML	Neuberger Energy Infrastruct	—	NEW	New buy
20	✓		—	EXIT	Sold out
21	✓	Malibu Boats INC Com Cl A	—	EXIT	Sold out
22	PFLT	Pennantpark Floating Rate Ca	—	NEW	New buy
23	✓		—	EXIT	Sold out
24	✓	Neuberger Bernman MLP Income Fund, Inc	—	EXIT	Sold out
25	NGS	Natural Gas Services Group	—	NEW	New buy
26	IEUR	Ishares Core Msci Europe ETF	—	NEW	New buy
27	EFT	Techtarget	—	NEW	New buy
28	✓	Techtarget INC	—	EXIT	Sold out
29	MIC2EUR	Macquarie Infrastructure Hol	—	NEW	New buy
30	✓	Macquarie Infrastr Co LLC	—	EXIT	Sold out
31	✓	True Blue INC Com	—	EXIT	Sold out
32	✓	Blackstone Financial (bgb)	—	EXIT	Sold out
33	✓	Destination XL Group Inc.	—	EXIT	Sold out
34	✓	Northstar Realty Europe Corp	—	EXIT	Sold out
35	CIM	Chimera Investment Corporation	—	NEW	New buy
36	NBB	Nuveen Taxable Municipal INC	—	NEW	New buy
37	✓	Chimera Invt CORP Com New	—	EXIT	Sold out
38	NRE	Northstar Realty Europe CORP	—	NEW	New buy
39	✓	Enstar Group Limited Comstk Us	—	EXIT	Sold out
40	✓	B Riley Financial INC	—	EXIT	Sold out
41	ESGRP	Enstar Group Limited - Deposita	—	NEW	New buy
42	BGB	Blackstone Strategic Credit	—	NEW	New buy
43	JPM	Jpmorgan Chase & Co	—	NEW	New buy
44	ENFCUSD	Entegra Financial CORP	—	NEW	New buy
45	SPUSD	Sp Plus CORP	—	NEW	New buy
46	✓		—	EXIT	Sold out
47	✓	J P Morgan Chase And Co	—	EXIT	Sold out
48	✓		—	EXIT	Sold out
49	✓	Novanta Inc.	—	EXIT	Sold out
50	✓	Commercehub INC	—	NEW	New buy