-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EVGXNsffYigWL29+AYTz5ViREdi+ubC0MXYdJdoVkXqG/rN0wPkFNasPbUZOtYea wK6nqJeLhmzd3JIm54DI/w== 0001221073-11-000001.txt : 20110202 0001221073-11-000001.hdr.sgml : 20110202 20110201214614 ACCESSION NUMBER: 0001221073-11-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110202 DATE AS OF CHANGE: 20110201 EFFECTIVENESS DATE: 20110202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. CENTRAL INDEX KEY: 0001238990 IRS NUMBER: 820566501 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10972 FILM NUMBER: 11564763 BUSINESS ADDRESS: STREET 1: 3601 W. 76TH STREET STREET 2: SUITE 225 CITY: EDINA STATE: MN ZIP: 55435 BUSINESS PHONE: 9522244350 MAIL ADDRESS: STREET 1: 3601 W. 76TH STREET STREET 2: SUITE 225 CITY: EDINA STATE: MN ZIP: 55435 FORMER COMPANY: FORMER CONFORMED NAME: BRIDGEWATER CAPITAL ADVISORS INC DATE OF NAME CHANGE: 20030605 13F-HR 1 punc4q10.txt PUNCH & ASSOCIATES INVESTMENT MANAGEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Punch & Associates Investment Management, Inc. Address: 3601 W. 76th Street, #225 Edina, MN 55435 13F File Number: 028-10972 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Howard D. Punch, Jr. Title: President Phone: 952-224-4350 Signature, Place, and Date of Signing: /s/ Howard D. Punch, Jr. Edina, MN January 31, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 171 Form 13F Information Table Value Total: $311,956 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579y101 1361 15773 SH SOLE 15773 0 0 A D A M INC COM 00088u108 826 115000 SH SOLE 115000 0 0 ACCENTURE PLC IRELAND SHS CLASS A g1151c101 2896 59731 SH SOLE 59731 0 0 ACTUATE CORP COM 00508b102 3040 533345 SH SOLE 533345 0 0 ALLEGIANT TRAVEL CO COM 01748x102 2490 50575 SH SOLE 50575 0 0 ALTISOURCE PORTFOLIO SOLNS S REG SHS l0175j104 3671 127866 SH SOLE 127866 0 0 AMERICAN DENTAL PARTNERS COM 025353103 404 29900 SH SOLE 29900 0 0 AMERICAN MED ALERT CORP COM 027904101 497 81000 SH SOLE 81000 0 0 AMERICAN ORIENTAL BIOENGR IN COM 028731107 1313 547199 SH SOLE 547199 0 0 AMERIPRISE FINL INC COM 03076c106 3502 60858 SH SOLE 60858 0 0 APAC CUSTOMER SERVICES INC COM 00185e106 3059 504029 SH SOLE 504029 0 0 ASCENT MEDIA CORP COM SER A 043632108 2644 68211 SH SOLE 68211 0 0 ASSURANT INC COM 04621x108 2421 62859 SH SOLE 62859 0 0 ASTA FDG INC COM 046220109 988 122000 SH SOLE 122000 0 0 BEST BUY INC COM 086516101 1617 47170 SH SOLE 47170 0 0 BIOCLINICA INC COM 09071b100 477 107102 SH SOLE 107102 0 0 BLACKBOARD INC COM 091935502 2302 55746 SH SOLE 55746 0 0 BLACKROCK MUN 2020 TERM TR COM SHS 09249x109 256 17435 SH SOLE 17435 0 0 BOEING CO COM 097023105 2641 40468 SH SOLE 40468 0 0 CALAMOS ASSET MGMT INC CL A 12811r104 3419 244220 SH SOLE 244220 0 0 CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 5635 608555 SH SOLE 608555 0 0 CALAVO GROWERS INC COM 128246105 2781 120634 SH SOLE 120634 0 0 CAPLEASE INC COM 140288101 4706 808529 SH SOLE 808529 0 0 CARACO PHARMACEUTICAL LABS L COM 14075t107 2219 488707 SH SOLE 488707 0 0 CBIZ INC COM 124805102 4026 645139 SH SOLE 645139 0 0 CENTURYLINK INC COM 156700106 2184 47310 SH SOLE 47310 0 0 CHINA MARINE FOOD GROUP LTD COM 16943r106 417 77300 SH SOLE 77300 0 0 CHINA MOBILE LIMITED SPONSORED ADR 16941m109 1585 31933 SH SOLE 31933 0 0 CHINA TECHFAITH WIRLS COMM T SPONSORED ADR 169424108 420 100000 SH SOLE 100000 0 0 CINTAS CORP COM 172908105 962 34414 SH SOLE 34414 0 0 CLICKSOFTWARE TECHNOLOGIES L ORD m25082104 776 100760 SH SOLE 100760 0 0 CLOUGH GLOBAL EQUITY FD COM 18914c100 1562 103311 SH SOLE 103311 0 0 CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 3910 290719 SH SOLE 290719 0 0 COCA COLA CO COM 191216100 1848 28100 SH SOLE 28100 0 0 COHEN & STEERS CLOSED END OP COM 19248p106 2499 191826 SH SOLE 191826 0 0 COHEN & STEERS INFRASTRUCTUR COM 19248a109 4437 270201 SH SOLE 270201 0 0 COMMTOUCH SOFTWARE LTD SHS NEW m25596202 196 52600 SH SOLE 52600 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 2839 75965 SH SOLE 75965 0 0 CONMED HEALTHCARE MGMT INC COM 20741m103 302 99000 SH SOLE 99000 0 0 CONTINUCARE CORP COM 212172100 652 139400 SH SOLE 139400 0 0 CORVEL CORP COM 221006109 2310 47774 SH SOLE 47774 0 0 CRAY INC COM NEW 225223304 545 76000 SH SOLE 76000 0 0 CVS CAREMARK CORPORATION COM 126650100 2215 63717 SH SOLE 63717 0 0 DATALINK CORP COM 237934104 831 177900 SH SOLE 177900 0 0 DATAWATCH CORP COM NEW 237917208 286 82800 SH SOLE 82800 0 0 DAWSON GEOPHYSICAL CO COM 239359102 1402 43952 SH SOLE 43952 0 0 DOLAN CO COM 25659p402 2746 197265 SH SOLE 197265 0 0 DST SYS INC DEL COM 233326107 1647 37125 SH SOLE 37125 0 0 DSW INC CL A 23334l102 3485 89134 SH SOLE 89134 0 0 DUKE ENERGY CORP NEW COM 26441c105 2940 165079 SH SOLE 165079 0 0 DUSA PHARMACEUTICALS INC COM 266898105 697 284597 SH SOLE 284597 0 0 DWS HIGH INCOME OPPORT FD IN COM NEW 23339m204 1659 117793 SH SOLE 117793 0 0 EBIX INC COM NEW 278715206 473 20000 SH SOLE 20000 0 0 ECOLAB INC COM 278865100 2077 41200 SH SOLE 41200 0 0 ELECTRO RENT CORP COM 285218103 3438 212753 SH SOLE 212753 0 0 ELONG INC SPONSORED ADR 290138205 891 45000 SH SOLE 45000 0 0 ENTEROMEDICS INC COM NEW 29365m208 92 30000 SH SOLE 30000 0 0 EPIQ SYS INC COM 26882d109 2018 147013 SH SOLE 147013 0 0 EPOCH HOLDING CORP COM 29428r103 481 31000 SH SOLE 31000 0 0 EUROSEAS LTD COM NEW y23592200 857 232000 SH SOLE 232000 0 0 EVER GLORY INTL GRP INC COM NEW 299766204 70 33000 SH SOLE 33000 0 0 EXXON MOBIL CORP COM 30231g102 2260 30902 SH SOLE 30902 0 0 FIFTH STREET FINANCE CORP COM 31678a103 1807 148870 SH SOLE 148870 0 0 FISERV INC COM 337738108 2831 48337 SH SOLE 48337 0 0 GABELLI DIVD & INCOME TR COM 36242h104 6198 403533 SH SOLE 403533 0 0 GABELLI GLOBAL DEAL FD COM SBI 36245g103 4412 329970 SH SOLE 329970 0 0 GLOBAL SOURCES LTD ORD g39300101 3100 325682 SH SOLE 325682 0 0 GLOBAL TRAFFIC NETWORK INC COM 37947b103 577 62000 SH SOLE 62000 0 0 GLOBALOPTIONS GROUP INC COM NEW 37946d209 326 130325 SH SOLE 130325 0 0 H & Q HEALTHCARE FD SH BEN INT 404052102 1516 113403 SH SOLE 113403 0 0 H & Q LIFE SCIENCES INVS SH BEN INT 404053100 1837 170587 SH SOLE 170587 0 0 HANGER ORTHOPEDIC GROUP INC COM NEW 41043f208 3995 188513 SH SOLE 188513 0 0 HARVARD BIOSCIENCE INC COM 416906105 587 143972 SH SOLE 143972 0 0 HEALTH CARE REIT INC COM 42217k106 2024 42492 SH SOLE 42492 0 0 HEALTHSTREAM INC COM 42222n103 1093 136000 SH SOLE 136000 0 0 HOMEOWNERS CHOICE INC *W EXP 09/30/201 43741e111 31 34151 SH SOLE 34151 0 0 HORMEL FOODS CORP COM 440452100 2916 56878 SH SOLE 56878 0 0 HUDSON TECHNOLOGIES INC COM 444144109 49 30000 SH SOLE 30000 0 0 INCONTACT INC COM 45336e109 190 58000 SH SOLE 58000 0 0 INSIGNIA SYS INC COM 45765y105 907 138173 SH SOLE 138173 0 0 INSWEB CORP COM NEW 45809k202 92 11285 SH SOLE 11285 0 0 INTEGRAMED AMER INC COM NEW 45810n302 563 65000 SH SOLE 65000 0 0 INTEGRATED SILICON SOLUTION COM 45812p107 402 50000 SH SOLE 50000 0 0 INVENTURE FOODS INC COM 461212102 795 184059 SH SOLE 184059 0 0 INVESCO LTD SHS g491bt108 2772 115210 SH SOLE 115210 0 0 ISHARES TR S&P500 GRW 464287309 11697 178169 SH SOLE 178169 0 0 ISHARES TR BARCLYS 20+ YR 464287432 6549 69582 SH SOLE 69582 0 0 J & J SNACK FOODS CORP COM 466032109 3654 75756 SH SOLE 75756 0 0 JAMBA INC COM 47023a101 610 268700 SH SOLE 268700 0 0 JANUS CAP GROUP INC COM 47102x105 2241 172746 SH SOLE 172746 0 0 JO-ANN STORES INC COM 47758p307 4406 73168 SH SOLE 73168 0 0 JOHNSON & JOHNSON COM 478160104 2408 38940 SH SOLE 38940 0 0 JPMORGAN CHASE & CO COM 46625h100 2373 55943 SH SOLE 55943 0 0 LA BARGE INC COM 502470107 788 50140 SH SOLE 50140 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 1573 259629 SH SOLE 259629 0 0 LIVEPERSON INC COM 538146101 192 17000 SH SOLE 17000 0 0 LMP CAP & INCOME FD INC COM 50208a102 2304 185036 SH SOLE 185036 0 0 MADDEN STEVEN LTD COM 556269108 3285 78735 SH SOLE 78735 0 0 MAGELLAN HEALTH SVCS INC COM NEW 559079207 3056 64628 SH SOLE 64628 0 0 MAKEMUSIC INC COM NEW 56086p202 213 40400 SH SOLE 40400 0 0 MATERIAL SCIENCES CORP COM 576674105 710 111000 SH SOLE 111000 0 0 MEADOWBROOK INS GROUP INC COM 58319p108 2341 228386 SH SOLE 228386 0 0 MEDTRONIC INC COM 585055106 622 16770 SH SOLE 16770 0 0 MESA LABS INC COM 59064r109 330 11000 SH SOLE 11000 0 0 METROPOLITAN HEALTH NETWORKS COM 592142103 782 175000 SH SOLE 175000 0 0 MFA FINANCIAL INC COM 55272x102 4132 506397 SH SOLE 506397 0 0 MICROFINANCIAL INC COM 595072109 515 127700 SH SOLE 127700 0 0 MICROSOFT CORP COM 594918104 2408 86261 SH SOLE 86261 0 0 MIDAS GROUP INC COM 595626102 560 69000 SH SOLE 69000 0 0 MINDSPEED TECHNOLOGIES INC COM NEW 602682205 110 17956 SH SOLE 17956 0 0 MONRO MUFFLER BRAKE INC COM 610236101 2681 77494 SH SOLE 77494 0 0 NASDAQ OMX GROUP INC COM 631103108 1588 66939 SH SOLE 66939 0 0 NATHANS FAMOUS INC NEW COM 632347100 455 27000 SH SOLE 27000 0 0 NATIONAL BEVERAGE CORP COM 635017106 245 18663 SH SOLE 18663 0 0 NAVARRE CORP COM 639208107 618 289000 SH SOLE 289000 0 0 NFJ DIVID INT & PREM STRTGY COM SHS 65337h109 2254 128718 SH SOLE 128718 0 0 NOAH ED HLDGS LTD ADR 65487r303 26 12200 SH SOLE 12200 0 0 NOBEL LEARNING CMNTYS INC COM 654889104 609 82539 SH SOLE 82539 0 0 NOVARTIS A G SPONSORED ADR 66987v109 1833 31096 SH SOLE 31096 0 0 NVE CORP COM NEW 629445206 3806 65818 SH SOLE 65818 0 0 OMEGA PROTEIN CORP COM 68210p107 946 116780 SH SOLE 116780 0 0 PHOTRONICS INC COM 719405102 2608 441277 SH SOLE 441277 0 0 PHYSICIANS FORMULA HLDGS INC COM 719427106 183 48800 SH SOLE 48800 0 0 PROCTER & GAMBLE CO COM 742718109 3157 49071 SH SOLE 49071 0 0 PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 3923 360912 SH SOLE 360912 0 0 PZENA INVESTMENT MGMT INC CLASS A 74731q103 2001 272304 SH SOLE 272304 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 2457 322909 SH SOLE 322909 0 0 RAMTRON INTL CORP COM NEW 751907304 960 285714 SH SOLE 285714 0 0 REPUBLIC SVCS INC COM 760759100 1872 62703 SH SOLE 62703 0 0 RETRACTABLE TECHNOLOGIES INC COM 76129w105 78 44800 SH SOLE 44800 0 0 ROYCE MICRO-CAP TR INC COM 780915104 558 56984 SH SOLE 56984 0 0 ROYCE VALUE TR INC COM 780910105 5014 344808 SH SOLE 344808 0 0 SABA SOFTWARE INC COM NEW 784932600 581 95000 SH SOLE 95000 0 0 SANDERS MORRIS HARRIS GROUP COM 80000q104 469 64662 SH SOLE 64662 0 0 SCHWAB CHARLES CORP NEW COM 808513105 2110 123327 SH SOLE 123327 0 0 SERACARE LIFE SCIENCES INC D COM 81747t104 727 153000 SH SOLE 153000 0 0 SHUTTERFLY INC COM 82568p304 2922 83748 SH SOLE 83748 0 0 SILICON IMAGE INC COM 82705t102 142 19325 SH SOLE 19325 0 0 SIMULATIONS PLUS INC COM 829214105 1199 445700 SH SOLE 445700 0 0 SKYPEOPLE FRUIT JUICE INC COM NEW 83086t208 611 131500 SH SOLE 131500 0 0 SOLAR CAP LTD COM 83413u100 2268 91544 SH SOLE 91544 0 0 SRS LABS INC COM 78464m106 1953 221732 SH SOLE 221732 0 0 STANDARD PARKING CORP COM 853790103 2544 134022 SH SOLE 134022 0 0 STEREOTAXIS INC COM 85916j102 54 14000 SH SOLE 14000 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 3397 193649 SH SOLE 193649 0 0 SUPPORT COM INC COM 86858w101 972 150000 SH SOLE 150000 0 0 SURMODICS INC COM 868873100 604 50908 SH SOLE 50908 0 0 SYNERGETICS USA INC COM 87160g107 706 149650 SH SOLE 149650 0 0 SYNERON MEDICAL LTD ORD SHS m87245102 2092 205335 SH SOLE 205335 0 0 SYNOVIS LIFE TECHNOLOGIES IN COM 87162g105 2759 171273 SH SOLE 171273 0 0 SYNTEL INC COM 87162h103 2728 57066 SH SOLE 57066 0 0 TARGET CORP COM 87612e106 1938 32228 SH SOLE 32228 0 0 TAYLOR DEVICES INC COM 877163105 291 58000 SH SOLE 58000 0 0 TGC INDS INC COM NEW 872417308 80 21165 SH SOLE 21165 0 0 TOLLGRADE COMMUNICATIONS INC COM 889542106 569 61350 SH SOLE 61350 0 0 TS&W CLAYMORE TAX ADVNTG BL COM 87280r108 2337 221744 SH SOLE 221744 0 0 TUESDAY MORNING CORP COM NEW 899035505 1516 287160 SH SOLE 287160 0 0 UNITED TECHNOLOGIES CORP COM 913017109 1945 24707 SH SOLE 24707 0 0 UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359e105 2260 61862 SH SOLE 61862 0 0 VANGUARD INDEX FDS GROWTH ETF 922908736 971 15810 SH SOLE 15810 0 0 VERIZON COMMUNICATIONS INC COM 92343v104 2314 64662 SH SOLE 64662 0 0 VERSANT CORP COM NEW 925284309 594 50100 SH SOLE 50100 0 0 VIRTUS INVT PARTNERS INC COM 92828q109 1002 22087 SH SOLE 22087 0 0 VIRTUSA CORP COM 92827p102 1471 89928 SH SOLE 89928 0 0 WALTER INVT MGMT CORP COM 93317w102 2320 129311 SH SOLE 129311 0 0 WASTE MGMT INC DEL COM 94106l109 2321 62961 SH SOLE 62961 0 0 WESTWOOD HLDGS GROUP INC COM 961765104 3415 85451 SH SOLE 85451 0 0 WILLDAN GROUP INC COM 96924n100 459 114846 SH SOLE 114846 0 0 XCEL ENERGY INC COM 98389b100 1646 69899 SH SOLE 69899 0 0 YOUNG INNOVATIONS INC COM 987520103 3060 95601 SH SOLE 95601 0 0 ZIX CORP COM 98974p100 658 154032 SH SOLE 154032 0 0
-----END PRIVACY-ENHANCED MESSAGE-----