PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

hedge fundUpdated 27 days ago

Managed by Punch & Associates Investment Management, Inc. • Latest filing Q2 2026

Portfolio value

$2B

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

8.5%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$1.6B
Q2 2023	$1.6B
Q3 2023	$1.6B
Q4 2023	$1.7B
Q1 2024	$1.8B
Q2 2024	$1.7B
Q3 2024	$1.8B
Q4 2024	$1.8B
Q1 2025	$1.5B
Q2 2025	$1.6B
Q3 2025	$1.7B
Q4 2025	$1.7B
Q1 2026	$1.7B
Q2 2026	$2B

Top holdings

164 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	S SNEX STONEX GROUP INC	$82.2M	694.1K	4.07%	Trimmed(-26.4%)
2	A ACA ARCOSA INC	$50.5M	347.5K	2.50%	Trimmed(-4.1%)
3	U UTI UNIVERSAL TECHNICAL INST INC	$46.9M	1.10M	2.32%	Added(+1.8%)
4	L LAUR LAUREATE ED INC	$45M	1.24M	2.23%	Added(+5.7%)
5	A ATEN A10 NETWORKS INC	$44.4M	1.19M	2.20%	Trimmed(-18.6%)
6	M MRVL MARVELL TECHNOLOGY INC	$42M	140.9K	2.08%	Added(+0.5%)
7	E ENVA ENOVA INTL INC	$39.1M	162.6K	1.94%	Added(+6.0%)
8	R RDNT RADNET INC	$39.1M	633.3K	1.93%	Added(+6.4%)
9	G GOOGN ALPHABET INC	$38.5M	107.6K	1.90%	Added(+0.3%)
10	L LQDT LIQUIDITY SVCS INC	$37.3M	954.7K	1.85%	Added(+3.7%)
11	T TRS TRIMAS CORP	$36.4M	807.3K	1.80%	Added(+229.9%)
12	S SPNT SIRIUSPOINT LTD	$36M	1.50M	1.78%	Added(+6.1%)
13	D DEI DOUGLAS DYNAMICS INC	$35.6M	659.3K	1.76%	Added(+6.0%)
14	R RPRX ROYALTY PHARMA PLC	$33.5M	597.9K	1.66%	Trimmed(-0.1%)
15	P PSMT PRICESMART INC	$33.5M	171.3K	1.66%	Added(+5.6%)
16	C CVCO CAVCO INDS INC DEL	$33.1M	53.9K	1.64%	Added(+5.8%)
17	T TREE LENDINGTREE INC	$32.1M	725.7K	1.59%	Added(+12.2%)
18	G GRBK-PA GREEN BRICK PARTNERS INC	$30.4M	380.4K	1.51%	Added(+6.2%)
19	F FIBK FIRST INTST BANCSYSTEM INC	$30M	778.0K	1.48%	Added(+5.8%)
20	W WTTR SELECT WATER SOLUTIONS INC	$28.7M	1.44M	1.42%	Trimmed(-6.1%)

S

STONEX GROUP INC

-26.4%

Value

$82.2M

Shares

694.1K

% Port

4.07%

A

ARCOSA INC

-4.1%

Value

$50.5M

Shares

347.5K

% Port

2.50%

U

UNIVERSAL TECHNICAL INST INC

+1.8%

Value

$46.9M

Shares

1.10M

% Port

2.32%

L

LAUREATE ED INC

+5.7%

Value

$45M

Shares

1.24M

% Port

2.23%

A

A10 NETWORKS INC

-18.6%

Value

$44.4M

Shares

1.19M

% Port

2.20%

M

MARVELL TECHNOLOGY INC

+0.5%

Value

$42M

Shares

140.9K

% Port

2.08%

E

ENOVA INTL INC

+6.0%

Value

$39.1M

Shares

162.6K

% Port

1.94%

R

RADNET INC

+6.4%

Value

$39.1M

Shares

633.3K

% Port

1.93%

G

ALPHABET INC

+0.3%

Value

$38.5M

Shares

107.6K

% Port

1.90%

L

LIQUIDITY SVCS INC

+3.7%

Value

$37.3M

Shares

954.7K

% Port

1.85%

T

11.TRS

TRIMAS CORP

+229.9%

Value

$36.4M

Shares

807.3K

% Port

1.80%

S

SIRIUSPOINT LTD

+6.1%

Value

$36M

Shares

1.50M

% Port

1.78%

D

13.DEI

DOUGLAS DYNAMICS INC

+6.0%

Value

$35.6M

Shares

659.3K

% Port

1.76%

R

ROYALTY PHARMA PLC

-0.1%

Value

$33.5M

Shares

597.9K

% Port

1.66%

P

PRICESMART INC

+5.6%

Value

$33.5M

Shares

171.3K

% Port

1.66%

C

CAVCO INDS INC DEL

+5.8%

Value

$33.1M

Shares

53.9K

% Port

1.64%

T

LENDINGTREE INC

+12.2%

Value

$32.1M

Shares

725.7K

% Port

1.59%

G

GREEN BRICK PARTNERS INC

+6.2%

Value

$30.4M

Shares

380.4K

% Port

1.51%

F

FIRST INTST BANCSYSTEM INC

+5.8%

Value

$30M

Shares

778.0K

% Port

1.48%

W

SELECT WATER SOLUTIONS INC

-6.1%

Value

$28.7M

Shares

1.44M

% Port

1.42%

View full portfolio (164 holdings) →

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