13F-HR filed by PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. filed this 13F-HR for the quarter ended 2025-12-31, filed 2026-02-17, with 156 holding rows worth $1,712,771,929.
- Accession
- 0001398344-26-003220
- Filer
- CIK 1238990
- Filed
- 2026-02-17
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q4 2025
A holdings report, 156 entries on the cover page, a total value of $1,712,771,929 stated on the cover page (in dollars after the unit check, H1), rows summing to $1,712,771,929 with VALUE read as dollars as filed, 13F file number 028-10972. The quarter's positions are built on this report. The resolved quarter.
The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).
| Issuer as filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| STONEX GROUP INC | 861896108 | COM | 707,835 | $67,336,307 | dollars as filed | |
| RADNET INC | 750491102 | COM | 651,169 | $46,460,921 | dollars as filed | |
| LAUREATE ED INC COMMON STOCK | 518613203 | Stock | 1,272,453 | $42,843,487 | dollars as filed | |
| Alphabet Inc. Reg. Shares A | 02079K305 | COM | 131,651 | $41,206,683 | dollars as filed | |
| ARCOSA INC COM | 039653100 | Stock | 361,494 | $38,434,016 | dollars as filed | |
| GLOBAL SHIP LEASE INC | Y27183600 | COM CL A | 971,790 | $34,051,536 | dollars as filed | |
| UNIVERSAL TECHNICAL INST INC | 913915104 | COM | 1,169,843 | $30,567,998 | dollars as filed | |
| SIRIUSPOINT LTD | G8192H106 | COM | 1,390,091 | $30,429,100 | dollars as filed | |
| SILA REALTY TRUST INC | 146280508 | COMMON STOCK | 1,255,395 | $29,263,261 | dollars as filed | |
| VITESSE ENERGY INC COMMON STOCK | 92852X103 | Stock | 1,438,529 | $27,706,077 | dollars as filed | |
| LIQUIDITY SVCS INC | 53635B107 | COM | 910,246 | $27,589,569 | dollars as filed | |
| LEGALZOOM COM INC | 52466B103 | COM | 2,627,047 | $26,086,577 | dollars as filed | |
| A10 NETWORKS INC | 002121101 | COM | 1,435,626 | $25,396,224 | dollars as filed | |
| VERRA MOBILITY CORP CL A COM STK | 92511U102 | Stock | 1,127,560 | $25,268,623 | dollars as filed | |
| FIRST INTERSTATE BANCSYSTEM IN | 32055Y201 | COM CL A | 723,818 | $25,044,097 | dollars as filed | |
| LENDINGTREE INC | 52603B107 | COM | 469,647 | $24,933,559 | dollars as filed | |
| CAVCO INDS INC DEL | 149568107 | COM | 42,051 | $24,841,113 | dollars as filed | |
| ENOVA INTL INC | 29357K103 | COM | 150,578 | $23,670,893 | dollars as filed | |
| ROYALTY PHARMA PLC | G7709Q104 | SHS CLASS A | 600,166 | $23,190,427 | dollars as filed | |
| NPK INTERNATIONAL INC | 651718504 | COMMON STOCK | 1,852,804 | $22,085,428 | dollars as filed | |
| GREEN BRICK PARTNERS INC | 392709101 | COM | 352,246 | $22,071,731 | dollars as filed | |
| KKR & CO INC | 48251W104 | COM | 161,505 | $20,588,690 | dollars as filed | |
| PAR PAC HOLDINGS INC | 69888T207 | COM NEW | 581,355 | $20,428,827 | dollars as filed | |
| DOUGLAS DYNAMICS INC | 25960R105 | COM | 614,706 | $20,070,156 | dollars as filed | |
| IQVIA HLDGS INC COM | 46266C105 | Stock | 88,392 | $19,924,369 | dollars as filed | |
| PIMCO ENRGY TACTICAL CR OPP FD | 69346N107 | COM SHS BEN INT | 1,055,601 | $19,824,185 | dollars as filed | |
| ADDUS HOMECARE CORP | 006739106 | COM | 182,954 | $19,647,481 | dollars as filed | |
| I3 VERTICALS INC | 46571Y107 | COM CL A | 777,527 | $19,585,905 | dollars as filed | |
| PRICESMART INC COM | 741511109 | Stock | 159,625 | $19,581,240 | dollars as filed | |
| BLUELINX HOLDINGS INC | 09624H208 | COMMON STOCK | 315,336 | $19,371,104 | dollars as filed | |
| ULTA BEAUTY INC COM | 90384S303 | Stock | 31,125 | $18,830,868 | dollars as filed | |
| Microsoft Corp | 594918104 | COM | 36,921 | $17,855,700 | dollars as filed | |
| ARTISAN PARTNERS ASSET MGMT I CL A | 04316A108 | Stock | 437,845 | $17,837,787 | dollars as filed | |
| RENTOKIL INITIAL PLC SPONSORED ADR | 760125104 | ADR | 602,662 | $17,754,435 | dollars as filed | |
| MERCADOLIBREINC | 58733R102 | STOK | 8,570 | $17,262,047 | dollars as filed | |
| BUNGE GLOBAL SA COM SHS | H11356104 | Stock | 190,052 | $16,929,810 | dollars as filed | |
| TIDEWATER INC NEW COM | 88642R109 | Stock | 333,659 | $16,853,117 | dollars as filed | |
| Thermo Fisher Scientific Inc. | 883556102 | COM | 27,295 | $15,816,127 | dollars as filed | |
| SELECT WATER SOLUTIONS INC | 81617J301 | CL A COM | 1,501,191 | $15,792,534 | dollars as filed | |
| Berkshire Hathaway Inc | 084670702 | COM | 31,112 | $15,638,694 | dollars as filed | |
| HILLMAN SOLUTIONS CORP | 431636109 | COM | 1,743,872 | $15,101,934 | dollars as filed | |
| JPMorgan Chase & Co | 46625H100 | COM | 46,039 | $14,834,750 | dollars as filed | |
| CSW INDUSTRIALS INC | 126402106 | COM | 50,018 | $14,681,821 | dollars as filed | |
| VIANT TECHNOLOGY INC A | 92557A101 | COMMON STOCK | 1,156,915 | $13,929,257 | dollars as filed | |
| BRIGHTVIEW HLDGS INC | 10948C107 | COM | 1,094,469 | $13,866,920 | dollars as filed | |
| CLIMB GLOBAL SOLUTIONS INC | 946760105 | COMMON STOCK | 134,717 | $13,847,560 | dollars as filed | |
| MADDEN STEVEN LTD | 556269108 | COM | 331,943 | $13,822,099 | dollars as filed | |
| SPROUTS FMRS MKT INC COM | 85208M102 | Stock | 172,604 | $13,751,386 | dollars as filed | |
| MIMEDX GROUP INC | 602496101 | COM | 2,007,194 | $13,588,703 | dollars as filed | |
| Walt Disney Co | 254687106 | COM | 116,337 | $13,235,658 | dollars as filed | |
| BUILDERS FIRSTSOURCE INC COM | 12008R107 | Stock | 128,045 | $13,174,527 | dollars as filed | |
| BRIGHTSPIRE CAPITAL INC COM CL A | 10949T109 | REIT | 2,333,619 | $13,068,265 | dollars as filed | |
| AMERIPRISE FINL INC COM | 03076C106 | Stock | 26,316 | $12,903,670 | dollars as filed | |
| ARHAUS INC | 04035M102 | COMMON STOCK | 1,093,085 | $12,253,482 | dollars as filed | |
| APOLLO GLOBAL MGMT INC COM | 03769M106 | Stock | 83,639 | $12,107,649 | dollars as filed | |
| MATCH GROUP INC NEW | 57667L107 | COM | 366,995 | $11,850,279 | dollars as filed | |
| KINDER MORGAN INC DEL COM | 49456B101 | Stock | 430,385 | $11,831,287 | dollars as filed | |
| Johnson & Johnson | 478160104 | COM | 56,724 | $11,739,093 | dollars as filed | |
| ALAMO GROUP INC | 011311107 | COM | 69,924 | $11,738,174 | dollars as filed | |
| FIRST TR HIGH YIELD OPPRT 20 | 33741Q107 | COM | 827,076 | $11,636,958 | dollars as filed | |
| Oracle Corporation | 68389X105 | COM | 59,501 | $11,597,411 | dollars as filed | |
| INNOVATIVE SOLUTIONS SUPP | 45769N105 | COMMON STOCK | 595,174 | $11,272,596 | dollars as filed | |
| Deere & Company | 244199105 | COM | 23,438 | $10,911,799 | dollars as filed | |
| TACTILE SYSTEMS TECHNOLOGY I | 87357P100 | COMMON STOCK | 373,975 | $10,845,275 | dollars as filed | |
| SS&C TECH HLDGS COM | 78467J100 | Stock | 120,536 | $10,537,251 | dollars as filed | |
| CARRIAGE SERVICES INC | 143905107 | COMMON STOCK | 246,699 | $10,435,368 | dollars as filed | |
| HEALTHSTREAM INC | 42222N103 | COM | 451,794 | $10,422,898 | dollars as filed | |
| UnitedHealth Group Inc | 91324P102 | COM | 30,725 | $10,142,783 | dollars as filed | |
| Waste Management, Inc. | 94106L109 | COM | 45,589 | $10,016,299 | dollars as filed | |
| AMERICAN COASTAL INSURANCE C | 910710102 | COMMON STOCK | 776,400 | $9,805,932 | dollars as filed | |
| EOG RES INC COM | 26875P101 | Stock | 89,897 | $9,440,037 | dollars as filed | |
| BLACKSTONE MORTGAGE TRUST INC COM CL A | 09257W100 | REIT | 480,653 | $9,194,884 | dollars as filed | |
| REPUBLIC SVCS INC COM | 760759100 | Stock | 41,987 | $8,898,270 | dollars as filed | |
| LINCOLN EDL SVCS CORP | 533535100 | COM | 362,295 | $8,749,424 | dollars as filed | |
| TARGET CORP COM | 87612E106 | Stock | 85,772 | $8,384,172 | dollars as filed | |
| HACKETT GROUP INC | 404609109 | COM | 427,053 | $8,383,059 | dollars as filed | |
| LEGACY HOUSING CORP | 52472M101 | COMMON STOCK | 429,110 | $8,376,227 | dollars as filed | |
| IDAHO STRATEGIC RESOURCES | 645827205 | COM NEW | 206,365 | $8,316,509 | dollars as filed | |
| CLEARFIELD INC | 18482P103 | COMMON STOCK | 278,110 | $8,106,906 | dollars as filed | |
| NORTHRIM BANCORP INC | 666762109 | COMMON STOCK | 302,900 | $8,060,169 | dollars as filed | |
| BRIDGEWATER BANCSHARES INC | 108621103 | COMMON STOCK | 438,960 | $7,694,969 | dollars as filed | |
| PAYSIGN INC | 70451A104 | COM | 1,462,560 | $7,532,184 | dollars as filed | |
| INFUSYSTEM HOLDINGS INC | 45685K102 | COMMON STOCK | 824,750 | $7,398,007 | dollars as filed | |
| AMERICAN PUB ED INC | 02913V103 | COM | 195,316 | $7,382,945 | dollars as filed | |
| RESEARCH SOLUTIONS INC | 761025105 | CMN | 2,499,310 | $7,347,971 | dollars as filed | |
| NATURES SUNSHINE PRODS INC | 639027101 | COMMON STOCK | 340,000 | $7,337,200 | dollars as filed | |
| AGILYSYS INC | 00847J105 | COM | 61,700 | $7,332,428 | dollars as filed | |
| BOEING CO | 097023204 | DEP CONV PFD A | 106,005 | $7,320,705 | dollars as filed | |
| FIRST WESTERN FINANCIAL INC | 33751L105 | COMMON STOCK | 270,945 | $7,264,035 | dollars as filed | |
| ALEXANDER & BALDWIN INC NEW | 014491104 | COM | 348,665 | $7,196,446 | dollars as filed | |
| Elevance Health, Inc. | 036752103 | COM | 19,599 | $6,870,279 | dollars as filed | |
| MARVELL TECHNOLOGY INC | 573874104 | COM | 77,592 | $6,593,809 | dollars as filed | |
| ROYCE MICRO-CAP TRUST INC | 780915104 | COM | 615,988 | $6,424,755 | dollars as filed | |
| NVE CORP COM NEW | 629445206 | Stock | 101,770 | $6,038,014 | dollars as filed | |
| Duke Energy Corporation | 26441C204 | COM | 47,624 | $5,581,976 | dollars as filed | |
| ELECTROMED INC | 285409108 | COMMON STOCK | 187,020 | $5,446,022 | dollars as filed | |
| FRANKLIN COVEY CO | 353469109 | COMMON STOCK | 312,870 | $5,249,951 | dollars as filed | |
| AT&T Inc | 00206R102 | COM | 207,818 | $5,162,188 | dollars as filed | |
| RF INDUSTRIES LTD | 749552105 | COMMON STOCK | 877,150 | $5,069,927 | dollars as filed | |
| UFP TECHNOLOGIES INC | 902673102 | COM | 22,700 | $5,040,081 | dollars as filed | |
| VIEMED HEALTHCARE INC | 92663R105 | COM | 671,360 | $4,988,205 | dollars as filed | |
| ALLIENT INC | 019330109 | COM | 89,500 | $4,810,625 | dollars as filed | |
| TELADOC HEALTH INC | 87918AAF2 | NOTE 1.250% 6/0 | 4,987,000 | $4,737,650 | dollars as filed | principal |
| GREENLIGHT CAPITAL RE LTD A | G4095J109 | COMMON STOCK | 317,000 | $4,621,860 | dollars as filed | |
| CIVEO CORP | 17878Y207 | COMMON STOCK | 196,618 | $4,496,654 | dollars as filed | |
| OPTEX SYS HLDGS INC | 68384X209 | COM NEW | 296,960 | $4,210,893 | dollars as filed | |
| GRAHAM CORP | 384556106 | COM | 65,503 | $4,207,258 | dollars as filed | |
| ALPS ETF TR | 00162Q452 | ALERIAN MLP | 87,148 | $4,097,689 | dollars as filed | |
| SAN JUAN BASIN RTY TR | 798241105 | UNIT BEN INT | 700,000 | $3,934,000 | dollars as filed | |
| Accenture Plc Class A | G1151C101 | COM | 14,545 | $3,902,341 | dollars as filed | |
| SMARTRENT INC | 83193G107 | COMMON STOCK | 1,907,285 | $3,852,716 | dollars as filed | |
| FLEXSTEEL INDS | 339382103 | COMMON STOCK | 90,980 | $3,592,800 | dollars as filed | |
| PORTMAN RIDGE FIN CORP | 73688F201 | COM NEW | 299,195 | $3,539,477 | dollars as filed | |
| TRANSCAT INC | 893529107 | COM | 59,235 | $3,360,402 | dollars as filed | |
| QXO INC | 82846H504 | 5.50 DEP PFD | 57,015 | $3,144,377 | dollars as filed | |
| KKR & CO INC | 48251W500 | CMN | 60,405 | $3,131,395 | dollars as filed | |
| PLUMAS BANCORP | 729273102 | COMMON STOCK | 69,275 | $3,095,900 | dollars as filed | |
| KEWAUNEE SCIENTIFIC CP | 492854104 | COMM | 81,835 | $3,061,447 | dollars as filed | |
| MILLER INDUSTRIES INC TENN | 600551204 | COMMON STOCK | 81,186 | $3,033,921 | dollars as filed | |
| AVANOS MED INC | 05350V106 | COM | 270,000 | $3,032,100 | dollars as filed | |
| TAYLOR DEVICES INC | 877163105 | COMMON STOCK | 51,325 | $3,000,459 | dollars as filed | |
| HERITAGE GLOBAL INC | 42727E103 | COM | 2,384,652 | $2,956,968 | dollars as filed | |
| MOUNT LOGAN CAP INC COM | 62188E103 | Stock | 355,018 | $2,928,898 | dollars as filed | |
| RCM TECHNOLOGIES INC | 749360400 | COMMON STOCK | 136,078 | $2,782,115 | dollars as filed | |
| HEARTLAND EXPRESS INC | 422347104 | COM | 290,000 | $2,618,700 | dollars as filed | |
| First Foundation Inc | 32026V104 | Common Stock | 415,980 | $2,562,437 | dollars as filed | |
| PRO DEX INC | 74265M205 | COMMON STOCK | 60,000 | $2,308,800 | dollars as filed | |
| HCI GROUP INC | 40416E103 | COM | 12,000 | $2,300,280 | dollars as filed | |
| MAMAS CREATIONS INC COM | 56146T103 | Stock | 165,000 | $2,225,850 | dollars as filed | |
| FISERV INC | 337738108 | COM | 30,151 | $2,025,216 | dollars as filed | |
| ISHARES TR | 464287689 | RUSSELL 3000 ETF | 5,093 | $1,970,335 | dollars as filed | |
| LEGACY ED INC | 52474R207 | CMN | 185,000 | $1,885,150 | dollars as filed | |
| EPSILON ENERGY LTD | 294375209 | COMMON STOCK | 376,905 | $1,748,839 | dollars as filed | |
| IRADIMED CORP | 46266A109 | COMMON STOCK | 17,000 | $1,653,760 | dollars as filed | |
| NORTHEAST BK PORTLAND ME | 66405S100 | COM | 14,740 | $1,531,928 | dollars as filed | |
| iShares Core S&P Small-Cap ETF | 464287804 | SHS | 12,376 | $1,487,348 | dollars as filed | |
| KARAT PACKAGING INC | 48563L101 | COM | 62,615 | $1,413,221 | dollars as filed | |
| ACCESS NEWSWIRE INC | 46520M204 | COM NEW | 142,410 | $1,324,413 | dollars as filed | |
| AVIAT NETWORKS INC | 05366Y201 | COMMON STOCK | 49,500 | $1,058,310 | dollars as filed | |
| LUMENT FINANCE TRUST INC | 55025L108 | COM | 267,162 | $376,698 | dollars as filed | |
| TALEN ENERGY CORP COM | 87422Q109 | Stock | 760 | $284,878 | dollars as filed | |
| Vanguard Small-Cap Value ETF | 922908611 | SHS | 1,208 | $255,754 | dollars as filed | |
| JEFFERIES FINANCIAL GROUP IN | 47233W109 | COM | 3,685 | $228,359 | dollars as filed | |
| LAMAR ADVERTISING CO CL A | 512816109 | REIT | 1,620 | $205,060 | dollars as filed | |
| VTI | 922908769 | COM | 448 | $150,057 | dollars as filed | |
| iShares Russell 2000 ETF | 464287655 | SHS | 505 | $124,311 | dollars as filed | |
| CION INVT CORP | 17259U204 | COM | 10,435 | $100,906 | dollars as filed | |
| ISHARES MICRO-CAP ETF | 464288869 | ETF | 367 | $57,876 | dollars as filed | |
| Vanguard S&P 500 ETF | 922908363 | COM | 62 | $38,882 | dollars as filed | |
| iShares Core US Aggregate Bond ETF | 464287226 | SHS | 300 | $29,964 | dollars as filed | |
| ISHARES TR | 464288802 | ESG OPTIMIZED | 190 | $26,476 | dollars as filed | |
| ISHARES TR CORE S&P 500 ETF | 464287200 | SHS | 28 | $19,178 | dollars as filed | |
| ISHARES TR | 464288513 | IBOXX HI YD ETF | 98 | $7,902 | dollars as filed | |
| iShares Core MSCI EAFE ETF | 46432F842 | SHS | 68 | $6,083 | dollars as filed | |
| iShares iBoxx Inv Grade Corporate Bond ETF | 464287242 | SHS | 47 | $5,179 | dollars as filed | |
| iShares S&P 500 Value ETF | 464287408 | SHS | 20 | $4,293 | dollars as filed |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0001398344-26-003220 | this filing | 2026-02-17 | acceptance time not in the bulk data set |