PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Diversified Active

Location: Edina, MN

CIK: 0001238990 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $2.021B (100.0% shares, 0.0% debt)

Holdings (164)

New Positions (12)

Increased Positions (60)

TRS TRIMAS CORP 1.8%
Value $36.35M (+313.3%) Shares 807,292 (+229.9%) Est. Cost Unrealized
ENVA ENOVA INTL INC 1.9%
Value $39.15M (+87.8%) Shares 162,629 (+6.0%) Est. Cost Unrealized
AGYS AGILYSYS INC 0.8%
Value $16.62M (+272.6%) Shares 159,080 (+153.7%) Est. Cost Unrealized
PLOW DOUGLAS DYNAMICS INC 1.8%
Value $35.57M (+35.9%) Shares 659,319 (+6.0%) Est. Cost Unrealized
ALX ALEXANDERS INC 0.7%
Value $14.17M (+193.8%) Shares 51,409 (+151.8%) Est. Cost Unrealized
LQDT LIQUIDITY SVCS INC 1.8%
Value $37.35M (+32.7%) Shares 954,735 (+3.7%) Est. Cost Unrealized
PSMT PRICESMART INC 1.7%
Value $33.47M (+37.1%) Shares 171,348 (+5.6%) Est. Cost Unrealized
CVCO CAVCO INDS INC DEL 1.6%
Value $33.13M (+34.2%) Shares 53,930 (+5.8%) Est. Cost Unrealized
UTI UNIVERSAL TECHNICAL INST INC 2.3%
Value $46.88M (+20.6%) Shares 1,096,078 (+1.8%) Est. Cost Unrealized
GRBK GREEN BRICK PARTNERS INC 1.5%
Value $30.45M (+31.8%) Shares 380,387 (+6.2%) Est. Cost Unrealized
PDM PIEDMONT REALTY TRUST INC 0.5%
Value $10.55M (+192.0%) Shares 1,153,153 (+109.7%) Est. Cost Unrealized
JCAP JEFFERSON CAPITAL INC 1.4%
Value $28.17M (+31.3%) Shares 1,446,818 (+29.7%) Est. Cost Unrealized
AMRZ AMRIZE LTD 0.7%
Value $14.97M (+68.9%) Shares 280,902 (+77.5%) Est. Cost Unrealized
RDNT RADNET INC 1.9%
Value $39.05M (+17.4%) Shares 633,272 (+6.4%) Est. Cost Unrealized
SPNT SIRIUSPOINT LTD 1.8%
Value $36.05M (+18.2%) Shares 1,501,976 (+6.1%) Est. Cost Unrealized
FIBK FIRST INTST BANCSYSTEM INC 1.5%
Value $30M (+22.1%) Shares 778,006 (+5.8%) Est. Cost Unrealized
TREE LENDINGTREE INC 1.6%
Value $32.14M (+15.8%) Shares 725,675 (+12.2%) Est. Cost Unrealized
LAUR LAUREATE ED INC 2.2%
Value $45.04M (+10.2%) Shares 1,240,072 (+5.7%) Est. Cost Unrealized
SFM SPROUTS FMRS MKT INC 1.0%
Value $20.77M (+23.8%) Shares 245,608 (+12.9%) Est. Cost Unrealized
DSP VIANT TECHNOLOGY INC 0.9%
Value $19.01M (+26.0%) Shares 1,501,487 (+11.5%) Est. Cost Unrealized
SHOO MADDEN STEVEN LTD 0.7%
Value $15.06M (+31.7%) Shares 357,620 (+6.1%) Est. Cost Unrealized
BV BRIGHTVIEW HLDGS INC 0.8%
Value $16.78M (+27.4%) Shares 1,184,042 (+6.0%) Est. Cost Unrealized
BXC BLUELINX HLDGS INC 1.0%
Value $20.81M (+19.3%) Shares 336,308 (+4.5%) Est. Cost Unrealized
CASS CASS INFORMATION SYS INC 0.4%
Value $8.033M (+61.4%) Shares 156,527 (+38.4%) Est. Cost Unrealized
MLR MILLER INDS INC TENN 0.4%
Value $7.83M (+55.6%) Shares 153,070 (+38.6%) Est. Cost Unrealized
ADUS ADDUS HOMECARE CORP 1.0%
Value $20.91M (+15.2%) Shares 208,135 (+7.3%) Est. Cost Unrealized
TRNS TRANSCAT INC 0.4%
Value $7.43M (+56.2%) Shares 80,087 (+23.6%) Est. Cost Unrealized
LZ LEGALZOOM COM INC 0.9%
Value $17.47M (+14.6%) Shares 2,850,501 (+6.0%) Est. Cost Unrealized
NRIM NORTHRIM BANCORP INC 0.5%
Value $9.514M (+27.4%) Shares 342,960 (+5.1%) Est. Cost Unrealized
GSL GLOBAL SHIP LEASE INC 1.4%
Value $28.62M (+7.0%) Shares 761,080 (+6.0%) Est. Cost Unrealized
CSW CSW INDUSTRIALS INC 0.7%
Value $15.11M (+13.7%) Shares 54,288 (+6.5%) Est. Cost Unrealized
TCMD TACTILE SYS TECHNOLOGY INC 0.5%
Value $9.381M (+19.7%) Shares 315,000 (+5.0%) Est. Cost Unrealized
KRT KARAT PACKAGING INC 0.2%
Value $3.29M (+70.5%) Shares 98,320 (+42.3%) Est. Cost Unrealized
SMRT SMARTRENT INC 0.3%
Value $6.299M (-16.6%) Shares 5,292,880 (+5.2%) Est. Cost Unrealized
FIRST TR HIGH YIELD OPPRT 20 0.7%
Value $13.25M (+10.4%) Shares 966,836 (+9.0%) Est. Cost Unrealized
HLMN HILLMAN SOLUTIONS CORP 0.8%
Value $15.87M (+7.5%) Shares 1,880,839 (+6.0%) Est. Cost Unrealized
ARCC ARES CAPITAL CORP 0.4%
Value $7.892M (+11.9%) Shares 425,878 (+8.8%) Est. Cost Unrealized
VTS VITESSE ENERGY INC 1.2%
Value $25.03M (+3.3%) Shares 1,586,924 (+19.0%) Est. Cost Unrealized
ALG ALAMO GROUP INC 0.6%
Value $12.43M (+6.2%) Shares 75,589 (+6.6%) Est. Cost Unrealized
HCKT HACKETT GROUP INC 0.3%
Value $5.113M (-11.8%) Shares 474,707 (+6.5%) Est. Cost Unrealized
IDR IDAHO STRATEGIC RESOURCES 0.4%
Value $7.278M (+9.3%) Shares 222,220 (+7.2%) Est. Cost Unrealized
OFLX OMEGA FLEX INC 0.1%
Value $1.9M (+40.7%) Shares 60,515 (+39.1%) Est. Cost Unrealized
OPXS OPTEX SYS HLDGS INC 0.2%
Value $4.767M (+11.4%) Shares 339,740 (+5.0%) Est. Cost Unrealized
APAM ARTISAN PARTNERS ASSET MGMT 1.0%
Value $20.54M (+2.4%) Shares 594,780 (+7.9%) Est. Cost Unrealized
IIIV I3 VERTICALS INC 1.2%
Value $23.49M (+1.7%) Shares 1,099,486 (+6.5%) Est. Cost Unrealized
ISSC INNOVATIVE SOLUTIONS & SUPPO 0.5%
Value $10.26M (-3.6%) Shares 569,963 (+9.9%) Est. Cost Unrealized
IWV ISHARES TR 0.1%
Value $2.373M (+16.7%) Shares 5,566 (+1.4%) Est. Cost Unrealized
KEQU KEWAUNEE SCIENTIFIC CORP 0.2%
Value $3.749M (+8.6%) Shares 105,545 (+4.8%) Est. Cost Unrealized
IRMD IRADIMED CORP 0.1%
Value $1.911M (+16.8%) Shares 20,000 (+17.6%) Est. Cost Unrealized
ARCO ARCOS DORADOS HLDGS INC 0.0%
Value $381K (+160.2%) Shares 47,295 (+166.4%) Est. Cost Unrealized
EPSN EPSILON ENERGY LTD 0.1%
Value $2.742M (-6.7%) Shares 506,880 (+6.3%) Est. Cost Unrealized
BRSP BRIGHTSPIRE CAPITAL INC 0.6%
Value $13.06M (+1.0%) Shares 2,395,950 (+3.7%) Est. Cost Unrealized
MDXG MIMEDX GROUP INC 0.4%
Value $7.924M (-0.7%) Shares 2,058,089 (+1.9%) Est. Cost Unrealized
IVV ISHARES TR 0.0%
Value $44,185 (+61.1%) Shares 59 (+40.5%) Est. Cost Unrealized
CION CION INVT CORP 0.0%
Value $118K (+16.1%) Shares 18,920 (+27.5%) Est. Cost Unrealized
IJR ISHARES TR 0.0%
Value $24,323 (+28.7%) Shares 164 (+7.9%) Est. Cost Unrealized
HYG ISHARES TR 0.0%
Value $15,354 (+14.9%) Shares 192 (+14.3%) Est. Cost Unrealized
SAMG SILVERCREST ASSET MGMT GROUP 0.2%
Value $3.295M (+0.1%) Shares 325,921 (+33.0%) Est. Cost Unrealized
LQD ISHARES TR 0.0%
Value $10,471 (+15.8%) Shares 96 (+15.7%) Est. Cost Unrealized
IEFA ISHARES TR 0.0%
Value $10,720 (+13.9%) Shares 111 (+6.7%) Est. Cost Unrealized

Exited Positions (11)

Decreased Positions (44)

ACA ARCOSA INC 2.5%
Value $50.49M (+31.3%) Shares 347,540 (-4.1%) Est. Cost Unrealized
ATEN A10 NETWORKS INC 2.2%
Value $44.41M (+31.6%) Shares 1,188,747 (-18.6%) Est. Cost Unrealized
BG BUNGE GLOBAL SA 0.7%
Value $14.04M (-39.4%) Shares 131,519 (-27.8%) Est. Cost Unrealized
TDW TIDEWATER INC NEW 1.1%
Value $22.81M (-21.5%) Shares 342,356 (-1.6%) Est. Cost Unrealized
SNEX STONEX GROUP INC 4.1%
Value $82.25M (+8.1%) Shares 694,090 (-26.4%) Est. Cost Unrealized
WTTR SELECT WATER SOLUTIONS INC 1.4%
Value $28.68M (+22.6%) Shares 1,435,415 (-6.1%) Est. Cost Unrealized
PARR PAR PAC HOLDINGS INC 1.0%
Value $19.35M (-18.1%) Shares 345,115 (-8.5%) Est. Cost Unrealized
PIMCO DYNAMIC INCOME STRATEG 0.7%
Value $14.6M (-22.3%) Shares 701,289 (-17.7%) Est. Cost Unrealized
RFIL RF INDS LTD 0.6%
Value $12.47M (+47.0%) Shares 588,115 (-28.5%) Est. Cost Unrealized
ELMD ELECTROMED INC 0.5%
Value $9.243M (+75.9%) Shares 218,520 (-2.7%) Est. Cost Unrealized
CLFD CLEARFIELD INC 0.5%
Value $11.05M (+44.1%) Shares 277,610 (-4.1%) Est. Cost Unrealized
SSNC SS&C TECH HLDGS 0.3%
Value $6.898M (-31.4%) Shares 111,173 (-25.3%) Est. Cost Unrealized
CSV CARRIAGE SVCS INC 0.5%
Value $9.562M (-20.6%) Shares 249,404 (-5.4%) Est. Cost Unrealized
SJT SAN JUAN BASIN RTY TR 0.1%
Value $2.059M (-54.4%) Shares 641,414 (-31.7%) Est. Cost Unrealized
TALK TALKSPACE INC 0.0%
Value $420K (-82.0%) Shares 80,674 (-82.1%) Est. Cost Unrealized
NVEC NVE CORP 0.4%
Value $8.491M (+25.2%) Shares 81,215 (-21.6%) Est. Cost Unrealized
BLDR BUILDERS FIRSTSOURCE INC 0.4%
Value $8.967M (-15.3%) Shares 100,211 (-22.0%) Est. Cost Unrealized
MTCH MATCH GROUP INC NEW 0.7%
Value $13.18M (+12.9%) Shares 346,382 (-8.8%) Est. Cost Unrealized
ROYCE MICRO-CAP TR INC 0.4%
Value $7.652M (+24.0%) Shares 522,665 (-4.2%) Est. Cost Unrealized
NPKI NPK INTERNATIONAL INC 1.4%
Value $27.67M (+5.0%) Shares 1,738,857 (-4.4%) Est. Cost Unrealized
BXMT BLACKSTONE MORTGAGE TRUST IN 0.4%
Value $8.071M (-12.8%) Shares 476,188 (-1.5%) Est. Cost Unrealized
RCMT RCM TECHNOLOGIES INC 0.2%
Value $4.098M (+39.5%) Shares 145,180 (-5.4%) Est. Cost Unrealized
IQV IQVIA HLDGS INC 0.8%
Value $16.23M (+7.6%) Shares 84,013 (-5.1%) Est. Cost Unrealized
LGCY LEGACY ED INC 0.1%
Value $1.176M (-49.2%) Shares 100,000 (-45.9%) Est. Cost Unrealized
GHM GRAHAM CORP 0.3%
Value $5.522M (+22.4%) Shares 44,605 (-21.9%) Est. Cost Unrealized
RSG REPUBLIC SVCS INC 0.4%
Value $8.235M (-10.6%) Shares 38,646 (-8.1%) Est. Cost Unrealized
CVEO CIVEO CORP CDA 0.3%
Value $5.075M (+21.2%) Shares 145,000 (-8.4%) Est. Cost Unrealized
HGBL HERITAGE GLOBAL INC 0.1%
Value $2.446M (-19.9%) Shares 2,021,458 (-9.9%) Est. Cost Unrealized
QXO INC 0.2%
Value $3.171M (-13.0%) Shares 65,060 (-1.9%) Est. Cost Unrealized
PLBC PLUMAS BANCORP 0.2%
Value $3.829M (+13.2%) Shares 65,528 (-5.4%) Est. Cost Unrealized
DUK DUKE ENERGY CORP NEW 0.3%
Value $5.908M (-5.2%) Shares 46,677 (-1.9%) Est. Cost Unrealized
LINC LINCOLN EDL SVCS CORP 0.5%
Value $10.01M (-2.4%) Shares 200,550 (-20.5%) Est. Cost Unrealized
NBN NORTHEAST BK PORTLAND ME 0.1%
Value $1.855M (+12.0%) Shares 14,000 (-5.0%) Est. Cost Unrealized
MYFW FIRST WESTN FINL INC 0.3%
Value $6.261M (+2.6%) Shares 195,000 (-21.4%) Est. Cost Unrealized
PDFS PDF SOLUTIONS INC 0.0%
Value $366K (+72.8%) Shares 5,175 (-20.1%) Est. Cost Unrealized
MLCI MOUNT LOGAN CAP INC 0.0%
Value $635K (-19.0%) Shares 184,592 (-15.7%) Est. Cost Unrealized
MAMA MAMAS CREATIONS INC 0.1%
Value $2.678M (+5.8%) Shares 150,000 (-9.1%) Est. Cost Unrealized
BOEING CO 0.3%
Value $7.009M (+2.1%) Shares 104,145 (-1.6%) Est. Cost Unrealized
AMLP ALPS ETF TR 0.2%
Value $3.573M (-2.9%) Shares 68,913 (-1.4%) Est. Cost Unrealized
KKR & CO INC 0.2%
Value $3.418M (-2.1%) Shares 85,775 (-1.2%) Est. Cost Unrealized
PDEX PRO-DEX INC COLO 0.2%
Value $3.088M (+1.8%) Shares 52,735 (-14.6%) Est. Cost Unrealized
TLN TALEN ENERGY CORP 0.0%
Value $273K (+14.0%) Shares 710 (-5.3%) Est. Cost Unrealized
LAMR LAMAR ADVERTISING CO 0.0%
Value $204K (-0.8%) Shares 1,305 (-19.4%) Est. Cost Unrealized
IVW ISHARES TR 0.0%
Value $20,079 (-2.5%) Shares 146 (-19.8%) Est. Cost Unrealized

Unchanged Positions (48)

MRVL MARVELL TECHNOLOGY INC 2.1%
Value $41.96M Shares 140,873 Est. Cost Unrealized
GOOGL ALPHABET INC 1.9%
Value $38.46M Shares 107,628 Est. Cost Unrealized
PAYS PAYSIGN INC 0.8%
Value $16.98M Shares 2,073,580 Est. Cost Unrealized
RPRX ROYALTY PHARMA PLC 1.7%
Value $33.53M Shares 597,938 Est. Cost Unrealized
UNH UNITEDHEALTH GROUP INC 0.6%
Value $11.23M Shares 27,021 Est. Cost Unrealized
FLXS FLEXSTEEL INDS INC 0.3%
Value $6.817M Shares 91,525 Est. Cost Unrealized
LEGH LEGACY HOUSING CORP 0.6%
Value $11.23M Shares 427,665 Est. Cost Unrealized
ELV ELEVANCE HEALTH INC FORMERLY 0.4%
Value $8.981M Shares 23,223 Est. Cost Unrealized
CLMB CLIMB GLOBAL SOLUTIONS INC 0.6%
Value $12.81M Shares 551,910 Est. Cost Unrealized
ARHS ARHAUS INC 0.5%
Value $9.353M Shares 1,110,755 Est. Cost Unrealized
SE SEA LTD 0.6%
Value $12.72M Shares 132,705 Est. Cost Unrealized
RTO RENTOKIL INITIAL PLC 0.9%
Value $17.27M Shares 603,739 Est. Cost Unrealized
UFPT UFP TECHNOLOGIES INC 0.3%
Value $6.018M Shares 22,700 Est. Cost Unrealized
HTLD HEARTLAND EXPRESS INC 0.2%
Value $5.049M Shares 331,765 Est. Cost Unrealized
JPM JPMORGAN CHASE & CO 0.7%
Value $14.61M Shares 44,647 Est. Cost Unrealized
BWB BRIDGEWATER BANCSHARES INC 0.5%
Value $9.145M Shares 434,660 Est. Cost Unrealized
ULTA ULTA BEAUTY INC 0.4%
Value $8.895M Shares 19,723 Est. Cost Unrealized
EOG EOG RES INC 0.6%
Value $11.75M Shares 90,539 Est. Cost Unrealized
VMD VIEMED HEALTHCARE INC 0.3%
Value $6.082M Shares 533,466 Est. Cost Unrealized
DE DEERE & CO 0.4%
Value $8.77M Shares 13,825 Est. Cost Unrealized
TGT TARGET CORP 0.6%
Value $11.23M Shares 85,963 Est. Cost Unrealized
NATR NATURES SUNSHINE PRODS INC 0.4%
Value $7.412M Shares 340,000 Est. Cost Unrealized
APO APOLLO GLOBAL MGMT INC 0.6%
Value $11.61M Shares 98,139 Est. Cost Unrealized
BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%
Value $15.61M Shares 31,198 Est. Cost Unrealized
APEI AMERICAN PUB ED INC 0.5%
Value $10.47M Shares 195,000 Est. Cost Unrealized
WHIRLPOOL CORP 0.2%
Value $3.489M Shares 99,335 Est. Cost Unrealized
KMI KINDER MORGAN INC DEL 0.5%
Value $10.6M Shares 331,678 Est. Cost Unrealized
OXM OXFORD INDS INC 0.2%
Value $4.27M Shares 122,447 Est. Cost Unrealized
MELI MERCADOLIBRE INC 0.8%
Value $15.77M Shares 9,288 Est. Cost Unrealized
ACCS ACCESS NEWSWIRE INC 0.0%
Value $981K Shares 150,950 Est. Cost Unrealized
INFU INFUSYSTEM HLDGS INC 0.4%
Value $8.055M Shares 834,750 Est. Cost Unrealized
WM WASTE MGMT INC DEL 0.5%
Value $10.2M Shares 45,755 Est. Cost Unrealized
HCI HCI GROUP INC 0.1%
Value $2.103M Shares 12,000 Est. Cost Unrealized
TMO THERMO FISHER SCIENTIFIC INC 0.7%
Value $13.62M Shares 27,170 Est. Cost Unrealized
MSFT MICROSOFT CORP 0.8%
Value $16.08M Shares 43,112 Est. Cost Unrealized
RSSS RESEARCH SOLUTIONS INC 0.3%
Value $5.922M Shares 2,552,455 Est. Cost Unrealized
ACIC AMERICAN COASTAL INS CORP 0.4%
Value $8.977M Shares 808,705 Est. Cost Unrealized
KKR KKR & CO INC 0.7%
Value $14.86M Shares 161,910 Est. Cost Unrealized
BLACKROCK TECH AND PRIVATE E 0.0%
Value $225K Shares 24,905 Est. Cost Unrealized
TAYD TAYLOR DEVICES INC 0.1%
Value $1.895M Shares 32,300 Est. Cost Unrealized
AMP AMERIPRISE FINL INC 0.1%
Value $1.15M Shares 2,507 Est. Cost Unrealized
TFSL TFS FINL CORP 0.0%
Value $195K Shares 11,020 Est. Cost Unrealized
IWC ISHARES TR 0.0%
Value $79,616 Shares 398 Est. Cost Unrealized
ORCL ORACLE CORP 0.4%
Value $8.755M Shares 59,742 Est. Cost Unrealized
IWM ISHARES TR 0.0%
Value $55,583 Shares 185 Est. Cost Unrealized
DIS DISNEY WALT CO 0.6%
Value $11.18M Shares 116,186 Est. Cost Unrealized
WESTERN ASSET DIVERSIFIED IN 0.0%
Value $161K Shares 11,855 Est. Cost Unrealized
AGG ISHARES TR 0.0%
Value $29,694 Shares 300 Est. Cost Unrealized