PAIM

Punch & Associates Investment Management Portfolio holdings

AUM $1.53B

This Quarter Return

-4.37%

1 Year Return

+8.86%

3 Year Return

+42.68%

5 Year Return

+243.52%

10 Year Return

+294.66%

AUM

$1.53B

AUM Growth

-$306M (-17%)

Cap. Flow

-$160M

Cap. Flow % of AUM

-10.46%

Top 10 Holdings %Top 10 Hldgs %

21.36%

Holding

178

New

Increased

Reduced

Closed

Top Buys

1	Artisan Partners APAM	$16.6M
2	Mercado Libre MELI	$13.1M
3	Pricesmart PSMT	$13.1M
4	SiriusPoint SPNT	$12.5M
5	i3 Verticals IIIV	$11.2M

Top Sells

1	CDMO Avid Bioservices, Inc. Common Stock CDMO	$35.6M
2	Columbus McKinnon CMCO	$15.9M
3	Sprouts Farmers Market SFM	$15.2M
4	Universal Technical Institute UTI	$13.1M
5	Barings BDC BBDC	$11.6M

Sector Composition

1	Financials	15.82%
2	Industrials	15.39%
3	Technology	12.95%
4	Healthcare	12.12%
5	Consumer Discretionary	11.28%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 Steven Madden SHOO $1.92B	$8.72M	0.57%	327,422 +132,282	+68%	+$3.52M
77	77 AGNC Investment AGNC $9.44B	$8.59M	0.56%	896,626 -10,008	-1%	-$95.9K
78	78 Carrier Global CARR $65.4B	$8.57M	0.56%	135,158 -655	-0.5%	-$41.5K
79	FTHY 79 First Trust High Yield Opportunities 2027 Term Fund FTHY $546M	$8.03M	0.53%	555,898 -9,856	-2%	-$142K
80	80 Greenlight Captial GLRE $453M	$7.97M	0.52%	588,464 -51,617	-8%	-$699K
81	81 Potbelly PBPB $374M	$7.96M	0.52%	837,355 -450,000	-35%	-$4.28M
82	82 Lincoln Educational Services LINC $725M	$7.76M	0.51%	488,800 -368,000	-43%	-$5.84M
83	83 Alerian MLP ETF AMLP $10.5B	$7.5M	0.49%	144,436 -28,349	-16%	-$1.47M
84	84 Gambling.com GAMB $395M	$7.33M	0.48%	580,900 -372,380	-39%	-$4.7M
85	85 Blackstone Mortgage Trust BXMT $3.3B	$7.3M	0.48%	365,164 +57,549	+19%	+$1.15M
86	86 TechTarget TTGT $496M	$7.07M	0.46%	477,370 +11,387	+2%	+$169K
87	NPKI 87 NPK International Inc. NPKI $713M	$7.01M	0.46%	1,207,100 -445,900	-27%	-$2.59M
88	LADR 88 Ladder Capital LADR $1.4B	$7.01M	0.46%	614,505 -4,853	-0.8%	-$55.4K
89	89 LegalZoom.com LZ $1.6B	$6.9M	0.45%	+801,080	New	+$6.9M
90	90 Civeo CVEO $326M	$6.29M	0.41%	273,470 -160,830	-37%	-$3.7M
91	PHX 91 DELISTED PHX Minerals PHX	$6.25M	0.41%	1,582,234 -861,650	-35%	-$3.4M
92	BA.PRA 92 The Boeing Company Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 BA.PRA $8.44B	$6.24M	0.41%	104,265 -1,070	-1%	-$64K
93	93 Research Solutions RSSS $87.6M	$6.16M	0.4%	2,367,771 +37,651	+2%	+$97.9K
94	PHLT 94 Performant Healthcare, Inc. Common Stock PHLT $297M	$6.1M	0.4%	2,062,100 -878,000	-30%	-$2.6M
95	95 DocGo DCGO $142M	$5.81M	0.38%	2,201,667 +325,760	+17%	+$860K
96	96 Diamond Hill DHIL $414M	$5.71M	0.37%	39,955 -28,985	-42%	-$4.14M
97	97 Heritage Global HGBL $76.2M	$5.35M	0.35%	2,454,467 -46,533	-2%	-$101K
98	98 Bridgewater Bancshares BWB $445M	$5.31M	0.35%	382,500 -252,500	-40%	-$3.51M
99	99 American Coastal Insurance ACIC $522M	$5.27M	0.35%	455,400 -95,947	-17%	-$1.11M
100	100 Clearfield CLFD $595M	$5.26M	0.34%	177,000 -79,000	-31%	-$2.35M