Punch & Associates Investment Management, Inc.
Net buyer this quarter
$2.02B
148
+$47.9M
23.0%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 SNEX | $82.2M | 4.07% | 0.58% | -26.4% | Q3 2020 |
 ACA | $50.5M | 2.50% | 0.71% | -4.1% | Q4 2020 |
 UTI | $46.9M | 2.32% | 1.99% | +1.8% | Q2 2020 |
 LAUR | $45M | 2.23% | 0.90% | +5.7% | Q1 2024 |
 ATEN | $44.4M | 2.20% | 1.64% | -18.6% | Q1 2022 |
 MRVL | $42M | 2.08% | 0.02% | +0.5% | Q4 2025 |
 ENVA | $39.1M | 1.94% | 0.65% | +6.0% | Q3 2025 |
 RDNT | $39.1M | 1.93% | 0.81% | +6.4% | Q3 2019 |
 GOOGL | $38.5M | 1.90% | 0.00% | +0.3% | Q3 2021 |
 LQDT | $37.3M | 1.85% | 2.51% | +3.7% | Q3 2022 |
 TRS | $36.4M | 1.80% | 2.25% | +229.9% | Q1 2026 |
 SPNT | $36M | 1.78% | 1.29% | +6.1% | Q1 2025 |
 PLOW | $35.6M | 1.76% | 2.86% | +6.0% | Q2 2013 |
 RPRX | $33.5M | 1.66% | 0.15% | -0.1% | Q1 2024 |
 PSMT | $33.5M | 1.66% | 0.56% | +5.6% | Q1 2025 |
 CVCO | $33.1M | 1.64% | 0.70% | +5.8% | Q3 2023 |
 TREE | $32.1M | 1.59% | 5.17% | +12.2% | Q1 2015 |
 GRBK | $30.4M | 1.51% | 0.88% | +6.2% | Q1 2015 |
 FIBK | $30M | 1.48% | 0.81% | +5.8% | Q4 2024 |
 WTTR | $28.7M | 1.42% | 3.56% | -6.1% | Q2 2018 |
 GSL | $28.6M | 1.42% | 2.12% | +6.0% | Q3 2019 |
 JCAP | $28.2M | 1.39% | 2.52% | +29.7% | Q1 2026 |
 NPKI | $27.7M | 1.37% | 2.06% | -4.4% | Q3 2024 |
 VTS | $25M | 1.24% | 3.80% | +19.0% | Q1 2023 |
 JOE | $23.6M | 1.17% | 0.66% | New | Q2 2026 |
 IIIV | $23.5M | 1.16% | Not reported | +6.5% | Q1 2025 |
 TDW | $22.8M | 1.13% | 0.69% | -1.6% | Q4 2023 |
 ADUS | $20.9M | 1.03% | 1.11% | +7.4% | Q3 2016 |
 BXC | $20.8M | 1.03% | 4.32% | +4.5% | Q4 2017 |
 SFM | $20.8M | 1.03% | 0.26% | +12.9% | Q1 2021 |
 APAM | $20.5M | 1.02% | 0.73% | +7.9% | Q4 2024 |
 PARR | $19.4M | 0.96% | 0.69% | -8.5% | Q4 2016 |
 DSP | $19M | 0.94% | Not reported | +11.5% | Q2 2024 |
 CNS | $18.3M | 0.90% | 0.47% | New | Q2 2026 |
 LZ | $17.5M | 0.86% | 1.70% | +6.0% | Q1 2025 |
 RTO | $17.3M | 0.85% | 0.02% | +0.5% | Q2 2024 |
 PAYS | $17M | 0.84% | 3.67% | +0.8% | Q3 2025 |
 BV | $16.8M | 0.83% | 1.28% | +6.0% | Q2 2020 |
 AGYS | $16.6M | 0.82% | 0.56% | +153.7% | Q3 2013 |
 IQV | $16.2M | 0.80% | 0.05% | -5.1% | Q4 2024 |
 MSFT | $16.1M | 0.80% | 0.00% | +0.3% | Q2 2013 |
 HLMN | $15.9M | 0.79% | 0.97% | +6.0% | Q2 2023 |
 MELI | $15.8M | 0.78% | 0.02% | -0.9% | Q1 2025 |
 BRK.B | $15.6M | 0.77% | Not reported | +0.2% | Q1 2016 |
 CSW | $15.1M | 0.75% | 0.33% | +6.5% | Q1 2016 |
 SHOO | $15.1M | 0.75% | 0.49% | +6.1% | Q2 2013 |
 AMRZ | $15M | 0.74% | 0.05% | +77.5% | Q1 2026 |
 KKR | $14.9M | 0.74% | 0.02% | +0.2% | Q2 2022 |
 JPM | $14.6M | 0.72% | 0.00% | +0.4% | Q2 2013 |
 PDX | $14.6M | 0.72% | Not reported | -17.7% | Q4 2019 |
| Q1 2026 | |||||
| SNEX | $76.1M | 4.39% | 1.19% | -11.1% | Q3 2020 |
| LAUR | $40.9M | 2.36% | 0.84% | -7.8% | Q1 2024 |
| UTI | $38.9M | 2.24% | 1.96% | -8.0% | Q2 2020 |
| ACA | $38.5M | 2.22% | 0.74% | +0.2% | Q4 2020 |
| ATEN | $33.8M | 1.95% | 2.03% | +1.7% | Q1 2022 |
| RDNT | $33.3M | 1.92% | 0.76% | -8.6% | Q3 2019 |
| SILA | $31.9M | 1.84% | 2.45% | +7.3% | Q3 2024 |
| GOOGL | $30.9M | 1.78% | 0.00% | -18.5% | Q3 2021 |
| SPNT | $30.5M | 1.76% | 1.22% | +1.8% | Q1 2025 |
| TDW | $29.1M | 1.68% | 0.70% | +4.3% | Q4 2023 |
| RPRX | $28.7M | 1.66% | 0.15% | -0.3% | Q1 2024 |
| LQDT | $28.1M | 1.62% | 2.43% | +1.1% | Q3 2022 |
| TREE | $27.7M | 1.60% | 4.64% | +37.8% | Q1 2015 |
| GSL | $26.7M | 1.54% | 2.00% | -26.1% | Q3 2019 |
| NPKI | $26.4M | 1.52% | 2.15% | -1.8% | Q3 2024 |
| PLOW | $26.2M | 1.51% | 2.69% | +1.2% | Q2 2013 |
| CVCO | $24.7M | 1.42% | 0.66% | +21.3% | Q3 2023 |
| FIBK | $24.6M | 1.42% | 0.75% | +1.6% | Q4 2024 |
| PSMT | $24.4M | 1.41% | 0.53% | +1.6% | Q1 2025 |
| VTS | $24.2M | 1.40% | 3.35% | -7.3% | Q1 2023 |
| PARR | $23.6M | 1.36% | 0.77% | -35.1% | Q4 2016 |
| WTTR | $23.4M | 1.35% | 3.79% | +1.9% | Q2 2018 |
 BG | $23.2M | 1.34% | 0.09% | -4.1% | Q4 2023 |
| GRBK | $23.1M | 1.33% | 0.83% | +1.7% | Q1 2015 |
| IIIV | $23.1M | 1.33% | Not reported | +32.8% | Q1 2025 |
| JCAP | $21.5M | 1.24% | 2.02% | New | Q1 2026 |
| ENVA | $20.8M | 1.20% | 0.62% | +1.9% | Q3 2025 |
| APAM | $20.1M | 1.16% | 0.68% | +25.9% | Q4 2024 |
| RTO | $18.9M | 1.09% | 0.02% | -0.3% | Q2 2024 |
| PDX | $18.8M | 1.08% | Not reported | -19.3% | Q4 2019 |
| ADUS | $18.2M | 1.05% | 1.04% | +6.0% | Q3 2016 |
| BXC | $17.4M | 1.01% | 4.09% | +2.1% | Q4 2017 |
| SFM | $16.8M | 0.97% | 0.23% | +26.1% | Q1 2021 |
 VRRM | $16.4M | 0.95% | 0.76% | +1.7% | Q1 2023 |
| MELI | $16.2M | 0.93% | 0.02% | +9.3% | Q1 2025 |
| MSFT | $15.9M | 0.92% | 0.00% | +16.5% | Q2 2013 |
| LZ | $15.2M | 0.88% | 1.55% | +2.4% | Q1 2025 |
| IQV | $15.1M | 0.87% | 0.05% | +0.1% | Q4 2024 |
| DSP | $15.1M | 0.87% | Not reported | +16.4% | Q2 2024 |
| KKR | $14.9M | 0.86% | 0.02% | +0.1% | Q2 2022 |
| BRK.B | $14.9M | 0.86% | Not reported | +0.1% | Q1 2016 |
| HLMN | $14.8M | 0.85% | 0.90% | +1.7% | Q2 2023 |
| MRVL | $13.9M | 0.80% | 0.02% | +80.6% | Q4 2025 |
 TMO | $13.4M | 0.77% | 0.01% | +0.1% | Q2 2021 |
| CSW | $13.3M | 0.77% | 0.31% | +1.9% | Q1 2016 |
| BV | $13.2M | 0.76% | 1.19% | +2.0% | Q2 2020 |
| JPM | $13.1M | 0.75% | 0.00% | -3.5% | Q2 2013 |
 EOG | $13.1M | 0.75% | 0.02% | +0.5% | Q4 2022 |
 BRSP | $12.9M | 0.75% | 1.80% | -1.0% | Q1 2023 |
| PAYS | $12.1M | 0.70% | 3.69% | +40.7% | Q3 2025 |
| Q4 2025 | |||||
| SNEX | $67.3M | 3.93% | 1.35% | -0.4% | Q3 2020 |
| RDNT | $46.5M | 2.71% | 0.84% | +0.3% | Q3 2019 |
| LAUR | $42.8M | 2.50% | 0.89% | -1.0% | Q1 2024 |
| GOOGL | $41.2M | 2.41% | 0.00% | -1.8% | Q3 2021 |
| ACA | $38.4M | 2.24% | 0.74% | -0.6% | Q4 2020 |
| GSL | $34.1M | 1.99% | 2.71% | -11.5% | Q3 2019 |
| UTI | $30.6M | 1.78% | 2.13% | +0.7% | Q2 2020 |
| SPNT | $30.4M | 1.78% | 1.19% | +47.7% | Q1 2025 |
| SILA | $29.3M | 1.71% | 2.29% | +10.6% | Q3 2024 |
| VTS | $27.7M | 1.62% | 3.72% | +13.0% | Q1 2023 |
| LQDT | $27.6M | 1.61% | 2.43% | +0.1% | Q3 2022 |
| LZ | $26.1M | 1.52% | 1.48% | +23.6% | Q1 2025 |
| ATEN | $25.4M | 1.48% | 2.01% | +0.3% | Q1 2022 |
| VRRM | $25.3M | 1.48% | 0.73% | -0.1% | Q1 2023 |
| FIBK | $25M | 1.46% | 0.72% | -0.1% | Q4 2024 |
| TREE | $24.9M | 1.46% | 3.41% | +35.1% | Q1 2015 |
| CVCO | $24.8M | 1.45% | 0.54% | -1.5% | Q3 2023 |
| ENVA | $23.7M | 1.38% | 0.61% | +56.1% | Q3 2025 |
| RPRX | $23.2M | 1.35% | 0.15% | +0.7% | Q1 2024 |
| NPKI | $22.1M | 1.29% | 2.06% | -2.2% | Q3 2024 |
| GRBK | $22.1M | 1.29% | 0.82% | -0.8% | Q1 2015 |
| KKR | $20.6M | 1.20% | 0.02% | +1.1% | Q2 2022 |
| PARR | $20.4M | 1.19% | 1.16% | -18.5% | Q4 2016 |
| PLOW | $20.1M | 1.17% | 2.66% | 0.0% | Q2 2013 |
| IQV | $19.9M | 1.16% | 0.05% | +1.1% | Q4 2024 |
| PDX | $19.8M | 1.16% | Not reported | -0.6% | Q4 2019 |
| ADUS | $19.6M | 1.15% | 0.99% | +27.4% | Q3 2016 |
| IIIV | $19.6M | 1.14% | Not reported | 0.0% | Q1 2025 |
| PSMT | $19.6M | 1.14% | 0.52% | 0.0% | Q1 2025 |
| BXC | $19.4M | 1.13% | 4.01% | -1.8% | Q4 2017 |
 ULTA | $18.8M | 1.10% | 0.07% | -5.5% | Q3 2024 |
| MSFT | $17.9M | 1.04% | 0.00% | +0.7% | Q2 2013 |
| APAM | $17.8M | 1.04% | 0.54% | -0.9% | Q4 2024 |
| RTO | $17.8M | 1.04% | 0.02% | +0.9% | Q2 2024 |
| MELI | $17.3M | 1.01% | 0.02% | +9.2% | Q1 2025 |
| BG | $16.9M | 0.99% | 0.10% | +1.0% | Q4 2023 |
| TDW | $16.9M | 0.98% | 0.67% | -2.5% | Q4 2023 |
| TMO | $15.8M | 0.92% | 0.01% | +0.6% | Q2 2021 |
| WTTR | $15.8M | 0.92% | 3.72% | -15.8% | Q2 2018 |
| BRK.B | $15.6M | 0.91% | Not reported | +1.0% | Q1 2016 |
| HLMN | $15.1M | 0.88% | 0.89% | 0.0% | Q2 2023 |
| JPM | $14.8M | 0.87% | 0.00% | +1.0% | Q2 2013 |
| CSW | $14.7M | 0.86% | 0.30% | +0.2% | Q1 2016 |
| DSP | $13.9M | 0.81% | Not reported | -3.6% | Q2 2024 |
| BV | $13.9M | 0.81% | 1.16% | -0.4% | Q2 2020 |
 CLMB | $13.8M | 0.81% | 0.73% | +5.0% | Q3 2020 |
| SHOO | $13.8M | 0.81% | 0.46% | +0.1% | Q2 2013 |
| SFM | $13.8M | 0.80% | 0.18% | -0.2% | Q1 2021 |
 MDXG | $13.6M | 0.79% | 1.36% | +0.1% | Q1 2024 |
 DIS | $13.2M | 0.77% | 0.01% | +1.0% | Q4 2015 |
| Q3 2025 | |||||
| SNEX | $71.7M | 4.16% | 0.61% | -2.1% | Q3 2020 |
| RDNT | $49.5M | 2.87% | 0.84% | -6.9% | Q3 2019 |
| LAUR | $40.6M | 2.35% | 0.87% | -14.4% | Q1 2024 |
| UTI | $37.8M | 2.19% | 2.14% | +14.4% | Q2 2020 |
| ACA | $34.1M | 1.98% | 0.74% | -0.1% | Q4 2020 |
| GSL | $33.7M | 1.95% | 3.10% | -8.8% | Q3 2019 |
| GOOGL | $32.6M | 1.89% | 0.00% | -3.0% | Q3 2021 |
| VTS | $29.6M | 1.71% | 3.30% | +17.9% | Q1 2023 |
| SILA | $28.5M | 1.65% | 2.07% | +0.2% | Q3 2024 |
| VRRM | $27.9M | 1.62% | 0.71% | 0.0% | Q1 2023 |
| PDX | $26.5M | 1.53% | Not reported | -1.0% | Q4 2019 |
| GRBK | $26.2M | 1.52% | 0.81% | -4.1% | Q1 2015 |
| ATEN | $26M | 1.51% | 2.00% | +4.0% | Q1 2022 |
| PARR | $25.3M | 1.46% | 1.40% | -9.9% | Q4 2016 |
| IIIV | $25.2M | 1.46% | Not reported | +1.4% | Q1 2025 |
| LQDT | $25M | 1.45% | 2.44% | +38.9% | Q3 2022 |
| CVCO | $24.8M | 1.44% | 0.54% | 0.0% | Q3 2023 |
| BXC | $23.5M | 1.36% | 4.09% | -0.8% | Q4 2017 |
| FIBK | $23.1M | 1.34% | 0.70% | +4.4% | Q4 2024 |
| TREE | $22.5M | 1.30% | 2.55% | +0.9% | Q1 2015 |
| LZ | $22.1M | 1.28% | 1.18% | +33.7% | Q1 2025 |
| NPKI | $21.4M | 1.24% | 2.24% | +1.5% | Q3 2024 |
| RPRX | $21M | 1.22% | 0.15% | 0.0% | Q1 2024 |
| KKR | $20.8M | 1.20% | 0.02% | +0.2% | Q2 2022 |
| PSMT | $19.4M | 1.12% | 0.52% | +5.6% | Q1 2025 |
| PLOW | $19.2M | 1.11% | 2.67% | +0.4% | Q2 2013 |
| APAM | $19.2M | 1.11% | 0.55% | +0.5% | Q4 2024 |
| WTTR | $19.1M | 1.10% | 4.42% | +0.2% | Q2 2018 |
| MSFT | $19M | 1.10% | 0.00% | +0.1% | Q2 2013 |
| SFM | $18.8M | 1.09% | 0.18% | +0.7% | Q1 2021 |
| MELI | $18.3M | 1.06% | 0.02% | +0.7% | Q1 2025 |
| TDW | $18.2M | 1.06% | 0.69% | +0.7% | Q4 2023 |
| ULTA | $18M | 1.04% | 0.07% | +0.2% | Q3 2024 |
| CLMB | $17.3M | 1.00% | 2.78% | Not reported | Q3 2020 |
| SPNT | $17M | 0.99% | 0.81% | +27.9% | Q1 2025 |
| ADUS | $16.9M | 0.98% | 0.78% | +29.1% | Q3 2016 |
| IQV | $16.6M | 0.96% | 0.05% | +0.3% | Q4 2024 |
 ORCL | $16.6M | 0.96% | 0.00% | -27.9% | Q4 2015 |
| HLMN | $16M | 0.93% | 0.88% | +0.1% | Q2 2023 |
| BRK.B | $15.5M | 0.90% | Not reported | +0.2% | Q1 2016 |
 BLDR | $15.5M | 0.90% | 0.12% | -0.1% | Q1 2021 |
| BG | $15.3M | 0.89% | 0.09% | -0.5% | Q4 2023 |
| RTO | $15.1M | 0.87% | 0.02% | -0.1% | Q2 2024 |
| BV | $14.7M | 0.85% | 1.16% | +0.4% | Q2 2020 |
| JPM | $14.4M | 0.83% | 0.00% | -23.5% | Q2 2013 |
| MDXG | $14M | 0.81% | 1.35% | +1.6% | Q1 2024 |
 ALG | $13.3M | 0.77% | 0.58% | -4.2% | Q2 2013 |
| DIS | $13.2M | 0.76% | 0.01% | +0.3% | Q4 2015 |
| TMO | $13.2M | 0.76% | 0.01% | 0.0% | Q2 2021 |
 AMP | $12.9M | 0.75% | 0.03% | -1.0% | Q2 2013 |