PUNCH & ASSOCIATES INVESTMENT MANAGEMENT INC
Q2 2023 Form 13-F
EDINA, MINNESOTA
CIK 0001238990
· CRD 117962
· SEC-registered investment adviser
$1.6B Reported Value Total
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reports 2,108 total accounts under management (AUM). There are 1,739 discretionary accounts valued at $1,650,601,803, and 369 non-discretionary accounts valued at $122,491,997.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $386.5M gross asset value
Hedge Fund: $386.5M
Source: Form ADV filed 2026-04-30
Reported value
$1.6B
Quarter over quarter
+6.6%
Holdings
233
Top-10 concentration
20.3%
Key People
Form ADV owners & control persons
Howard Dean Punch
CHIEF INVESTMENT OFFICER
John Claude Carraux
MANAGING PARTNER & PORTFOLIO MANAGER
Andrew John Matysik
CHIEF EXECUTIVE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q2 2023 13F record
Q2 2023 13F filing summary
| Period of report | June 30, 2023 |
|---|---|
| Filed | August 14, 2023 |
| Form | 13F-HR |
| Reported value | $1.6B |
| Positions | 233 |
| Change in reported value | +5.7% |
| New positions | 16 |
| Exited positions | 11 |
| Position turnover | 11.1% |
| Top-10 concentration | 20.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
164 | $2.0B |
|
Q1 2026 13F
Filed May 15, 2026
|
163 | $1.7B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
155 | $1.7B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
159 | $1.7B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
160 | $1.6B |
|
Q1 2025 13F
Filed May 15, 2025
|
161 | $1.5B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
165 | $1.8B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
166 | $1.8B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
172 | $1.7B |
|
Q1 2024 13F
Filed May 15, 2024
|
173 | $1.8B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
227 | $1.7B |
|
Q3 2023 13F
Filed Oct 26, 2023
|
231 | $1.6B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
233 | $1.6B |
|
Q1 2023 13F
Filed May 15, 2023
|
228 | $1.6B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
221 | $1.5B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
221 | $1.4B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
235 | $1.4B |
|
Q1 2022 13F
Filed May 16, 2022
|
238 | $1.8B |
|
Q4 2021 13F
Filed Feb 15, 2022
|
246 | $1.9B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
241 | $1.7B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BXC BLUELINX HLDGS INC | $46.9M | 2.86% |
| 2 | SNEX STONEX GROUP INC | $42.4M | 2.58% |
| 3 | GSL GLOBAL SHIP LEASE INC NEW | $37.1M | 2.26% |
| 4 | HCCI HERITAGE CRYSTAL CLEAN INC | $34.3M | 2.09% |
| 5 | RDNT RADNET INC | $33.8M | 2.06% |
| 6 | RILY B. RILEY FINANCIAL INC | $30.9M | 1.88% |
| 7 | PARR PAR PAC HOLDINGS INC | $28.7M | 1.75% |
| 8 | FC FRANKLIN COVEY CO | $26.3M | 1.6% |
| 9 | CALY TOPGOLF CALLAWAY BRANDS CORP | $26.3M | 1.6% |
| 10 | GRBK GREEN BRICK PARTNERS INC | $26.1M | 1.59% |
| 11 | ACA ARCOSA INC | $25.1M | 1.53% |
| 12 | SFM SPROUTS FMRS MKT INC | $21.3M | 1.3% |
| 13 | BLDR BUILDERS FIRSTSOURCE INC | $20.7M | 1.26% |
| 14 | HSTM HEALTHSTREAM INC | $20.7M | 1.26% |
| 15 | UNH UNITEDHEALTH GROUP INC | $18.7M | 1.14% |
| 16 | DCGO DOCGO INC | $18.5M | 1.12% |
| 17 | WTTR SELECT WATER SOLUTIONS INC | $17.9M | 1.09% |
| 18 | PDX PIMCO ENERGY & TACTICAL CR O | $17.5M | 1.07% |
| 19 | MSFT MICROSOFT CORP | $17.3M | 1.06% |
| 20 | DGII DIGI INTL INC | $17.1M | 1.04% |
Values as reported on the Q2 2023 Form 13F. Every position is in the holdings table below.