Q2 2026 13F · SEC CIK 1238990

Punch & Associates Investment Management, Inc.

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.0B
Reported positions: 164
Top holdings a year, 3 yrs: +13.8%
Assets under management: $2.0B

Punch & Associates Investment Management, Inc. is a wealth manager that reported 164 positions worth $2.0B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Stonex Group Inc. (SNEX, 4.1%), Arcosa Inc (ACA, 2.5%), Universal Technical Institute, Inc. (UTI, 2.3%). A portfolio copying its top holdings returned 13.8% a year over the last 3 years, against 20.4% for the S&P 500.

Punch & Associates Investment Management, Inc. holdings largest 50 of 164 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Punch & Associates Investment Management, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SNEXStonex Group Inc.	4.1%	4.4%	694,090	-26.4%	$82.2M
ACAArcosa Inc	2.5%	2.2%	347,540	-4.1%	$50.5M
UTIUniversal Technical Institute, Inc.	2.3%	2.2%	1,096,078	+1.8%	$46.9M
LAURLaureate Education Inc	2.2%	2.4%	1,240,072	+5.7%	$45.0M
ATENA10 Networks Inc	2.2%	1.9%	1,188,747	-18.6%	$44.4M
MRVLMarvell Technology Inc	2.1%	0.8%	140,873	+0.5%	$42.0M
ENVAEnova Intl Inc	1.9%	1.2%	162,629	+6.0%	$39.1M
RDNTRadNet Inc	1.9%	1.9%	633,272	+6.4%	$39.1M
GOOGLAlphabet Inc	1.9%	1.8%	107,628	+0.3%	$38.5M
LQDTLiquidity Svcs Inc	1.8%	1.6%	954,735	+3.7%	$37.3M
TRSTriMas Corp	1.8%	—	807,292	—	$36.4M
SPNTSiriuspoint Ltd	1.8%	1.8%	1,501,976	+6.1%	$36.0M
PLOWDouglas Dynamics Inc	1.8%	1.5%	659,319	+6.0%	$35.6M
RPRXRoyalty Pharma PLC	1.7%	1.7%	597,938	-0.1%	$33.5M
PSMTPricesmart Inc	1.7%	1.4%	171,348	+5.6%	$33.5M
CVCOCavco Industries Inc	1.6%	1.4%	53,930	+5.8%	$33.1M
TREELendingtree Inc	1.6%	1.6%	725,675	+12.2%	$32.1M
GRBKGreen Brick Partners Inc	1.5%	1.3%	380,387	+6.2%	$30.4M
FIBKFirst Intst Bancsystem Inc	1.5%	1.4%	778,006	+5.8%	$30.0M
WTTRSelect Water Solutions Inc	1.4%	1.4%	1,435,415	-6.1%	$28.7M
GSLGlobal Ship Lease Inc F	1.4%	1.5%	761,080	+6.0%	$28.6M
JCAPJefferson Capital Inc	1.4%	1.2%	1,446,818	+29.7%	$28.2M
NPKINpk International Inc	1.4%	1.5%	1,738,857	-4.4%	$27.7M
VTSVitesse Energy Inc	1.2%	1.4%	1,586,924	+19.0%	$25.0M
JOESt Joe Company	1.2%	—	376,859	—	$23.6M
IIIVI3 Verticals Inc	1.2%	1.3%	1,099,486	+6.5%	$23.5M
TDWTidewater Inc	1.1%	1.7%	342,356	-1.6%	$22.8M
ADUSAddus Homecare Corp	1.0%	1.0%	208,135	+7.3%	$20.9M
BXCBluelinx Hldgs Inc	1.0%	1.0%	336,308	+4.5%	$20.8M
SFMSprouts Fmrs Mkt Inc	1.0%	1.0%	245,608	+12.9%	$20.8M
APAMArtisan Partners Asset Mgmt	1.0%	1.2%	594,780	+7.9%	$20.5M
PARRPar Pac Holdings Inc	1.0%	1.4%	345,115	-8.5%	$19.4M
DSPViant Technology Inc	0.9%	0.9%	1,501,487	+11.5%	$19.0M
CNSCohen & Steers Inc	0.9%	—	240,160	—	$18.3M
LZLegalZoom.com	0.9%	0.9%	2,850,501	+6.0%	$17.5M
RTORentokil Initial PLC	0.9%	1.1%	603,739	+0.5%	$17.3M
PAYSPaysign Inc	0.8%	0.7%	2,073,580	+0.7%	$17.0M
BVBrightview Hldgs Inc	0.8%	0.8%	1,184,042	+6.0%	$16.8M
AGYSAgilysys Inc	0.8%	—	159,080	—	$16.6M
IQVIqvia Holdings Inc	0.8%	0.9%	84,013	-5.1%	$16.2M
MSFTMicrosoft Corp	0.8%	0.9%	43,112	+0.3%	$16.1M
HLMNHillman Solutions Corp	0.8%	0.9%	1,880,839	+6.0%	$15.9M
MELIMercadolibre Inc	0.8%	0.9%	9,288	-0.9%	$15.8M
BRK-BBerkshire Hathaway Inc Del	0.8%	0.9%	31,198	+0.2%	$15.6M
CSWCsw Industrials Inc	0.7%	0.8%	54,288	+6.5%	$15.1M
SHOOMadden Steven Ltd	0.7%	—	357,620	—	$15.1M
AMRZAmrize Ltd	0.7%	—	280,902	—	$15.0M
KKRKkr & Co Inc Cl A	0.7%	0.9%	161,910	+0.2%	$14.9M
JPMJpmorgan Chase & Co	0.7%	0.8%	44,647	+0.4%	$14.6M
PDXPIMCO Dynamic Income Strategy Fund	0.7%	1.1%	701,289	-17.7%	$14.6M

What Punch & Associates Investment Management, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +20.0% /yr; S&P 500 +20.1%
3 years: +13.8% /yr; S&P 500 +20.4%
5 years: +7.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.0B	164
Q1 2026	$1.7B	163
Q4 2025	$1.7B	155
Q3 2025	$1.7B	159
Q2 2025	$1.6B	160
Q1 2025	$1.5B	161
Q4 2024	$1.8B	165
Q3 2024	$1.8B	166
Q2 2024	$1.7B	172
Q1 2024	$1.7B	173
Q4 2023	$1.7B	227
Q3 2023	$1.6B	231

Questions about Punch & Associates Investment Management, Inc.'s portfolio

What stocks does Punch & Associates Investment Management, Inc. own?

Punch & Associates Investment Management, Inc.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 164 positions worth $2.0B. The largest are Stonex Group Inc. (SNEX) at 4.1%, Arcosa Inc (ACA) at 2.5%, Universal Technical Institute, Inc. (UTI) at 2.3%, Laureate Education Inc (LAUR) at 2.2% and A10 Networks Inc (ATEN) at 2.2%.

What did Punch & Associates Investment Management, Inc. buy last quarter?

In Q2 2026, Punch & Associates Investment Management, Inc. added Jefferson Capital Inc (JCAP) (+29.7% shares), Vitesse Energy Inc (VTS) (+19.0% shares) and Sprouts Fmrs Mkt Inc (SFM) (+12.9% shares), compared with its Q1 2026 filing.

What did Punch & Associates Investment Management, Inc. sell last quarter?

In Q2 2026, Punch & Associates Investment Management, Inc. cut from its top 50 Sila Realty Trust Inc (SILA), cut from its top 50 Bunge Global SA (BG), cut from its top 50 Verra Mobility Corp (VRRM), cut from its top 50 Thermo Fisher Scientific Inc (TMO), cut from its top 50 Eog Res Inc (EOG), Stonex Group Inc. (SNEX) (-26.4% shares), A10 Networks Inc (ATEN) (-18.6% shares) and PIMCO Dynamic Income Strategy Fund (PDX) (-17.7% shares), compared with its Q1 2026 filing.

How has Punch & Associates Investment Management, Inc.'s portfolio performed?

A portfolio copying Punch & Associates Investment Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.0% against +20.1%. Over 5 years: +7.7% a year against +11.6%.

When is Punch & Associates Investment Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Punch & Associates Investment Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Punch & Associates Investment Management, Inc. manage?

Punch & Associates Investment Management, Inc. reported $2.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.0B.