PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
SEC Form 13F institutional filer · CIK 0001238990
13F-HR · 30 reported holdings · 2026-03-31
Reported long-US-equity value
$0.33B
Top-10 concentration
52.8%
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. — $325M AUM allocation strategy
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. files SEC Form 13F and reports $325M of long US equity value across 30 reported holdings for 2026-03-31.
Its largest sector bet is Financials 20.5%, followed by Information Technology 13.0% and Communication Services 12.9%.
The top 10 holdings account for 53% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$325M
total across 30 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
53% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$ORCL +83.6K sh · +$930K+$MRVL +62.5K sh · +$7.29M+$KKR +26.5K sh · −$5.28M
Biggest trims (shares)
−$KMI −99.4K sh · −$734K−$GOOG −24.4K sh · −$10.4M−$AMP −23.8K sh · −$11.8M
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
$ADBE ($7.2M last qtr)$T ($5.16M last qtr)$ACN ($3.9M last qtr)$FISV ($2.03M last qtr)$VTI ($150K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Asset Management & Custody Banks11.9%—
- Interactive Media & Services9.5%—
- Life Sciences Tools & Services8.8%—
- Agricultural Products & Services7.1%—
- Environmental & Facilities Services6.1%—
- Systems Software4.9%—
- Multi-Sector Holdings4.6%—
- Semiconductors4.3%—
- Other holdings43.0%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOG | Alphabet Inc. Class C Capital Stock | 107K | $30.9M | -24.4K | 9.5% |
| $BG | Bunge Limited | 182K | $23.2M | -7.85K | 7.1% |
| $KKR | KKR & Co. Inc | 248K | $18.4M | +26.5K | 5.7% |
| $MSFT | Microsoft Corporation | 43K | $15.9M | +6.08K | 4.9% |
| $IQV | IQVIA Holdings Inc | 88.5K | $15.1M | +98 | 4.6% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 31.1K | $14.9M | +18 | 4.6% |
| $MRVL | Marvell Technology Inc | 140K | $13.9M | +62.5K | 4.3% |
| $TMO | Thermo Fisher Scientific Inc | 27.3K | $13.4M | +30 | 4.1% |
| $JPM | JP Morgan Chase & Co | 44.5K | $13.1M | -1.59K | 4.0% |
| $EOG | EOG Resources Inc | 90.3K | $13.1M | +431 | 4.0% |
…and 20 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.