1y return+19.3%S&P 500 +20.9%
3y return+35.8%S&P 500 +68.5%
5y return+27.6%S&P 500 +74.5%
10y return+136.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $237 against $357 in the S&P 500.2
Punch & Associates Investment Management, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SNEXStonex Group Inc | $82.2M | 4.1% | −26.4% |
| ACAArcosa Inc | $50.5M | 2.5% | −4.1% |
| UTIUniversal Technical Inst Inc | $46.9M | 2.3% | +1.8% |
| LAURLaureate Ed Inc | $45.0M | 2.2% | +5.7% |
| ATENA10 Networks Inc | $44.4M | 2.2% | −18.6% |
| MRVLMarvell Technology Inc | $42.0M | 2.1% | |
| ENVAEnova Intl Inc | $39.1M | 1.9% | +6.0% |
| RDNTRadnet Inc | $39.1M | 1.9% | +6.4% |
| GOOGLAlphabet Inc | $38.5M | 1.9% | |
| LQDTLiquidity Svcs Inc | $37.3M | 1.8% | +3.7% |
| TRSTrimas Corp | $36.4M | 1.8% | +229.9% |
| Siriuspoint LtdCUSIP G8192H106 | $36.0M | 1.8% | +6.1% |
| PLOWDouglas Dynamics Inc | $35.6M | 1.8% | +6.0% |
| Royalty Pharma PLCCUSIP G7709Q104 | $33.5M | 1.7% | |
| PSMTPricesmart Inc | $33.5M | 1.7% | +5.6% |
| CVCOCavco Inds Inc Del | $33.1M | 1.6% | +5.8% |
| TREELendingtree Inc | $32.1M | 1.6% | +12.2% |
| GRBKGreen Brick Partners Inc | $30.4M | 1.5% | +6.2% |
| FIBKFirst Intst Bancsystem Inc | $30.0M | 1.5% | +5.8% |
| WTTRSelect Water Solutions Inc | $28.7M | 1.4% | −6.1% |
| Global Ship Lease IncCUSIP Y27183600 | $28.6M | 1.4% | +6.0% |
| JCAPJefferson Capital Inc | $28.2M | 1.4% | +29.7% |
| NPKINpk International Inc | $27.7M | 1.4% | −4.4% |
| VTSVitesse Energy Inc | $25.0M | 1.2% | +19.0% |
| JOESt Joe Co | $23.6M | 1.2% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Global Ship Lease IncCUSIP Y27183600 | June 30, 2020 | +786.7% | $28.6M |
| BXCBluelinx Hldgs Inc | June 30, 2020 | +622.1% | $20.8M |
| GRBKGreen Brick Partners Inc | June 30, 2020 | +575.4% | $30.4M |
| PARRPar Pac Holdings Inc | June 30, 2020 | +523.8% | $19.4M |
| UTIUniversal Technical Inst Inc | June 30, 2020 | +515.4% | $46.9M |
| AGYSAgilysys Inc | June 30, 2020 | +482.5% | $16.6M |
| RDNTRadnet Inc | June 30, 2020 | +288.6% | $39.1M |
| SFMSprouts Fmrs Mkt Inc | March 31, 2021 | +217.7% | $20.8M |
| WTTRSelect Water Solutions Inc | September 30, 2022 | +186.7% | $28.7M |
| ATENA10 Networks Inc | March 31, 2022 | +167.8% | $44.4M |
Sold off last quarter
- Sila Realty Trust IncCUSIP 146280508 was $31.9M
- VRRMVerra Mobility Corp was $16.4M
- JNJJohnson & Johnson was $9.1M
- Avanos Med IncCUSIP 05350V106 was $6.1M
- Oracle CorpCUSIP 68389X204 was $3.8M
- First Fndtn IncCUSIP 32026V104 was $2.4M
- Greenlight Cap Re LtdCUSIP G4095J109 was $1.4M
- BCICBcp Investment Corporation was $887K
- LOPEGrand Canyon Ed Inc was $204K
- Teladoc Health IncCUSIP 87918AAF2 was $29K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.2% | +14.8% |
| March 31, 2026 | −1.2% | −4.6% |
| December 31, 2025 | −1.5% | +2.4% |
| September 30, 2025 | +7.3% | +7.8% |
| June 30, 2025 | +5.9% | +10.5% |
| March 31, 2025 | −8.5% | −4.6% |
| December 31, 2024 | +1.1% | +2.1% |
| September 30, 2024 | +7.7% | +5.4% |
| June 30, 2024 | −2.9% | +4.0% |
| March 31, 2024 | +7.2% | +10.0% |
| December 31, 2023 | +8.0% | +11.2% |
| September 30, 2023 | −4.1% | −3.6% |
| June 30, 2023 | +6.5% | +8.3% |
| March 31, 2023 | +3.6% | +7.0% |
| December 31, 2022 | +8.8% | +7.1% |
| September 30, 2022 | −2.4% | −5.3% |
| June 30, 2022 | −16.1% | −16.5% |
| March 31, 2022 | −9.2% | −4.9% |
| December 31, 2021 | +7.7% | +10.7% |
| September 30, 2021 | −2.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Punch & Associates Investment Management, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1238990&type=13F-HR&dateb=&owner=include&count=40CIK 1238990
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1238990/000139834426014516/Filed August 14, 2026 · accession 0001398344-26-014516