0001221073-11-000030.txt : 20110725
0001221073-11-000030.hdr.sgml : 20110725
20110725111943
ACCESSION NUMBER: 0001221073-11-000030
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110725
DATE AS OF CHANGE: 20110725
EFFECTIVENESS DATE: 20110725
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: 11983976
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
mktc_punc2q2011.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: June 30, 2011
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 July 22, 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: 169
Form 13F Information Table Value Total: $384,922 (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 1524 16072 SH SOLE 16072 0 0
ACCELRYS INC COM 00430u103 1688 237384 SH SOLE 237384 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 3018 49949 SH SOLE 49949 0 0
ACTUATE CORP COM 00508b102 4611 788151 SH SOLE 788151 0 0
ALLEGIANT TRAVEL CO COM 01748x102 2491 50325 SH SOLE 50325 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS l0175j104 4719 128245 SH SOLE 128245 0 0
AMERICAN DENTAL PARTNERS COM 025353103 1658 127900 SH SOLE 127900 0 0
AMERICAN MED ALERT CORP COM 027904101 1199 216000 SH SOLE 216000 0 0
AMERIPRISE FINL INC COM 03076c106 3447 59753 SH SOLE 59753 0 0
APAC CUSTOMER SERVICES INC COM 00185e106 3411 639893 SH SOLE 639893 0 0
ASCENT MEDIA CORP COM SER A 043632108 3410 64372 SH SOLE 64372 0 0
ASSURANT INC COM 04621x108 2252 62086 SH SOLE 62086 0 0
ASTA FDG INC COM 046220109 1930 230000 SH SOLE 230000 0 0
BARRETT BUSINESS SERVICES IN COM 068463108 1124 78500 SH SOLE 78500 0 0
BARRY R G CORP OHIO COM 068798107 1353 119905 SH SOLE 119905 0 0
BEST BUY INC COM 086516101 1577 50217 SH SOLE 50217 0 0
BIOCLINICA INC COM 09071B100 1001 201000 SH SOLE 201000 0 0
BLACKBOARD INC COM 091935502 2380 54859 SH SOLE 54859 0 0
BLACKROCK MUN 2020 TERM TR COM SHS 09249x109 280 18352 SH SOLE 18352 0 0
BOEING CO COM 097023105 2937 39730 SH SOLE 39730 0 0
BOFI HLDG INC COM 05566u108 1044 72419 SH SOLE 72419 0 0
CALAMOS ASSET MGMT INC CL A 12811r104 3407 234619 SH SOLE 234619 0 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 6288 657029 SH SOLE 657029 0 0
CALAVO GROWERS INC COM 128246105 3084 146454 SH SOLE 146454 0 0
CAPLEASE INC COM 140288101 4784 974437 SH SOLE 974437 0 0
CASUAL MALE RETAIL GRP INC COM NEW 148711302 542 130676 SH SOLE 130676 0 0
CBIZ INC COM 124805102 5994 814351 SH SOLE 814351 0 0
CENTURYLINK INC COM 156700106 4143 102479 SH SOLE 102479 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941m109 1589 33975 SH SOLE 33975 0 0
CHINA TECHFAITH WIRLS COMM T SPONSORED ADR 169424108 64 16532 SH SOLE 16532 0 0
CINTAS CORP COM 172908105 3236 97957 SH SOLE 97957 0 0
CITY TELECOM H K LTD SPONSORED ADR 178677209 1886 161307 SH SOLE 161307 0 0
CLICKSOFTWARE TECHNOLOGIES L ORD M25082104 1744 176514 SH SOLE 176514 0 0
CLOUGH GLOBAL EQUITY FD COM 18914c100 1835 123960 SH SOLE 123960 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 4063 302115 SH SOLE 302115 0 0
COCA COLA CO COM 191216100 1891 28100 SH SOLE 28100 0 0
COHEN & STEERS CLOSED END OP COM 19248p106 2616 194208 SH SOLE 194208 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 4778 268424 SH SOLE 268424 0 0
COMMTOUCH SOFTWARE LTD SHS NEW m25596202 642 190600 SH SOLE 190600 0 0
CONMED HEALTHCARE MGMT INC COM 20741m103 713 195400 SH SOLE 195400 0 0
CONTINUCARE CORP COM 212172100 1067 172620 SH SOLE 172620 0 0
CORVEL CORP COM 221006109 2277 48543 SH SOLE 48543 0 0
COSI INC COM 22122p101 71 73994 SH SOLE 73994 0 0
COVER-ALL TECHNOLOGIES INC COM 222892101 901 361700 SH SOLE 361700 0 0
CVS CAREMARK CORPORATION COM 126650100 2433 64755 SH SOLE 64755 0 0
DATA I O CORP COM 237690102 896 155000 SH SOLE 155000 0 0
DATALINK CORP COM 237934104 3937 566545 SH SOLE 566545 0 0
DATAWATCH CORP COM NEW 237917208 1007 175122 SH SOLE 175122 0 0
DAWSON GEOPHYSICAL CO COM 239359102 2616 76602 SH SOLE 76602 0 0
DDI CORP COM 0.0001 NEW 233162502 1374 144000 SH SOLE 144000 0 0
DIANA CONTAINERSHIPS INC COM y2069p101 965 135341 SH SOLE 135341 0 0
DOLAN CO COM 25659p402 1684 198872 SH SOLE 198872 0 0
DST SYS INC DEL COM 233326107 2090 39592 SH SOLE 39592 0 0
DSW INC CL A 23334l102 4938 97578 SH SOLE 97578 0 0
DUKE ENERGY CORP NEW COM 26441c105 3144 166951 SH SOLE 166951 0 0
DUSA PHARMACEUTICALS INC COM 266898105 3023 486000 SH SOLE 486000 0 0
DWS HIGH INCOME OPPORT FD IN COM NEW 23339m204 2399 164788 SH SOLE 164788 0 0
EARTHSTONE ENERGY INC COM NEW 27032d205 295 20064 SH SOLE 20064 0 0
EATON VANCE ENHANCED EQ INC COM 278274105 2116 176335 SH SOLE 176335 0 0
ECOLAB INC COM 278865100 2266 40200 SH SOLE 40200 0 0
EDELMAN FINL GROUP INC COM 27943q105 913 115734 SH SOLE 115734 0 0
ELECTRO RENT CORP COM 285218103 5402 315565 SH SOLE 315565 0 0
ELONG INC SPONSORED ADR 290138205 1592 70534 SH SOLE 70534 0 0
ENTEROMEDICS INC COM NEW 29365M208 623 229952 SH SOLE 229952 0 0
EPOCH HOLDING CORP COM 29428R103 1374 77000 SH SOLE 77000 0 0
EUROSEAS LTD COM NEW Y23592200 1909 437731 SH SOLE 437731 0 0
EXXON MOBIL CORP COM 30231g102 2482 30495 SH SOLE 30495 0 0
FIFTH STREET FINANCE CORP COM 31678a103 1893 163195 SH SOLE 163195 0 0
FISERV INC COM 337738108 3043 48591 SH SOLE 48591 0 0
GABELLI DIVD & INCOME TR COM 36242h104 6099 367185 SH SOLE 367185 0 0
GDL FUND COM SH BEN IT 361570104 4854 361953 SH SOLE 361953 0 0
GLOBAL SOURCES LTD ORD g39300101 4431 482176 SH SOLE 482176 0 0
GLOBAL TRAFFIC NETWORK INC COM 37947b103 1314 114327 SH SOLE 114327 0 0
GSI GROUP INC CDA NEW COM NEW 36191c205 2312 191842 SH SOLE 191842 0 0
H & Q HEALTHCARE INVESTORS SH BEN INT 404052102 1042 65310 SH SOLE 65310 0 0
H & Q LIFE SCIENCES INVS SH BEN INT 404053100 3099 248699 SH SOLE 248699 0 0
HANGER ORTHOPEDIC GROUP INC COM NEW 41043f208 3766 153907 SH SOLE 153907 0 0
HARVARD BIOSCIENCE INC COM 416906105 1611 302215 SH SOLE 302215 0 0
HEALTH CARE REIT INC COM 42217k106 717 13684 SH SOLE 13684 0 0
HEALTHSTREAM INC COM 42222N103 2529 190582 SH SOLE 190582 0 0
HOMEOWNERS CHOICE INC COM 43741e103 569 85502 SH SOLE 85502 0 0
HOMEOWNERS CHOICE INC *W EXP 09/30/201 43741e111 15 35500 SH SOLE 35500 0 0
HORMEL FOODS CORP COM 440452100 3379 113336 SH SOLE 113336 0 0
HUDSON TECHNOLOGIES INC COM 444144109 49 30000 SH SOLE 30000 0 0
INCONTACT INC COM 45336E109 2052 432000 SH SOLE 432000 0 0
INCREDIMAIL LTD SHS m5364e104 552 78000 SH SOLE 78000 0 0
INSIGNIA SYS INC COM 45765Y105 1414 378037 SH SOLE 378037 0 0
INSWEB CORP COM NEW 45809k202 340 48000 SH SOLE 48000 0 0
INTEGRAMED AMER INC COM NEW 45810N302 1535 159048 SH SOLE 159048 0 0
INTEGRATED SILICON SOLUTION COM 45812p107 967 100000 SH SOLE 100000 0 0
INVENTURE FOODS INC COM 461212102 1650 413502 SH SOLE 413502 0 0
INVESCO LTD SHS g491bt108 2729 116644 SH SOLE 116644 0 0
ISHARES TR S&P500 GRW 464287309 10153 146135 SH SOLE 146135 0 0
ISHARES TR BARCLYS 20+ YR 464287432 6838 72667 SH SOLE 72667 0 0
J & J SNACK FOODS CORP COM 466032109 3758 75395 SH SOLE 75395 0 0
JAMBA INC COM 47023A101 1185 553789 SH SOLE 553789 0 0
JANUS CAP GROUP INC COM 47102x105 1602 169674 SH SOLE 169674 0 0
JMP GROUP INC COM 46629U107 1848 262830 SH SOLE 262830 0 0
JOHNSON & JOHNSON COM 478160104 2705 40666 SH SOLE 40666 0 0
JPMORGAN CHASE & CO COM 46625h100 2348 57347 SH SOLE 57347 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 1580 242401 SH SOLE 242401 0 0
LMP CAP & INCOME FD INC COM 50208a102 2696 196537 SH SOLE 196537 0 0
MADDEN STEVEN LTD COM 556269108 4496 119849 SH SOLE 119849 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 3502 63983 SH SOLE 63983 0 0
MAKEMUSIC INC COM NEW 56086p202 475 95330 SH SOLE 95330 0 0
MANITEX INTL INC COM 563420108 997 180700 SH SOLE 180700 0 0
MATERIAL SCIENCES CORP COM 576674105 2239 308793 SH SOLE 308793 0 0
MEADOWBROOK INS GROUP INC COM 58319p108 2286 230644 SH SOLE 230644 0 0
MEDTRONIC INC COM 585055106 638 16570 SH SOLE 16570 0 0
MESA LABS INC COM 59064r109 493 15575 SH SOLE 15575 0 0
METROPOLITAN HEALTH NETWORKS COM 592142103 1696 354062 SH SOLE 354062 0 0
MFA FINANCIAL INC COM 55272x102 4421 549887 SH SOLE 549887 0 0
MICROFINANCIAL INC COM 595072109 1078 195000 SH SOLE 195000 0 0
MICROSOFT CORP COM 594918104 2322 89305 SH SOLE 89305 0 0
MONRO MUFFLER BRAKE INC COM 610236101 2706 72568 SH SOLE 72568 0 0
NASDAQ OMX GROUP INC COM 631103108 1720 67992 SH SOLE 67992 0 0
NATHANS FAMOUS INC NEW COM 632347100 1330 70500 SH SOLE 70500 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 2966 183560 SH SOLE 183560 0 0
NAVARRE CORP COM 639208107 997 506010 SH SOLE 506010 0 0
NFJ DIVID INT & PREM STRTGY COM SHS 65337h109 2411 127496 SH SOLE 127496 0 0
NOVARTIS A G SPONSORED ADR 66987v109 1932 31616 SH SOLE 31616 0 0
NVE CORP COM NEW 629445206 5031 86081 SH SOLE 86081 0 0
PERVASIVE SOFTWARE INC COM 715710109 804 125243 SH SOLE 125243 0 0
PHOTRONICS INC COM 719405102 3797 448261 SH SOLE 448261 0 0
PHYSICIANS FORMULA HLDGS INC COM 719427106 656 164087 SH SOLE 164087 0 0
PROCTER & GAMBLE CO COM 742718109 3737 58789 SH SOLE 58789 0 0
PRO-DEX INC COLO COM NEW 74265m205 104 50000 SH SOLE 50000 0 0
PSYCHEMEDICS CORP COM NEW 744375205 95 10000 SH SOLE 10000 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 4245 379023 SH SOLE 379023 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 3807 670167 SH SOLE 670167 0 0
RAMTRON INTL CORP COM NEW 751907304 1520 510225 SH SOLE 510225 0 0
REDWOOD TR INC COM 758075402 1722 113915 SH SOLE 113915 0 0
REPUBLIC SVCS INC COM 760759100 1961 63551 SH SOLE 63551 0 0
ROYCE MICRO-CAP TR INC COM 780915104 627 63449 SH SOLE 63449 0 0
ROYCE VALUE TR INC COM 780910105 1793 120146 SH SOLE 120146 0 0
SABA SOFTWARE INC COM NEW 784932600 1743 193000 SH SOLE 193000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 2040 124001 SH SOLE 124001 0 0
SERACARE LIFE SCIENCES INC D COM 81747t104 1135 300943 SH SOLE 300943 0 0
SHUTTERFLY INC COM 82568p304 3774 65718 SH SOLE 65718 0 0
SILICON IMAGE INC COM 82705t102 93 14425 SH SOLE 14425 0 0
SIMULATIONS PLUS INC COM 829214105 2250 775690 SH SOLE 775690 0 0
SOLAR CAP LTD COM 83413u100 2279 92322 SH SOLE 92322 0 0
SPS COMM INC COM 78463m107 925 52000 SH SOLE 52000 0 0
SRS LABS INC COM 78464m106 3117 325047 SH SOLE 325047 0 0
STANDARD PARKING CORP COM 853790103 3073 192447 SH SOLE 192447 0 0
SUNAMERICA FCSED ALPHA GRW F COM 867037103 3876 186598 SH SOLE 186598 0 0
SUPPORT COM INC COM 86858w101 2767 576424 SH SOLE 576424 0 0
SYNERGETICS USA INC COM 87160g107 1784 323766 SH SOLE 323766 0 0
SYNERON MEDICAL LTD ORD SHS m87245102 3983 328345 SH SOLE 328345 0 0
SYNOVIS LIFE TECHNOLOGIES IN COM 87162g105 4045 232187 SH SOLE 232187 0 0
SYNTEL INC COM 87162h103 3116 52705 SH SOLE 52705 0 0
TARGET CORP COM 87612e106 1559 33236 SH SOLE 33236 0 0
TECHTARGET INC COM 87874r100 1635 216007 SH SOLE 216007 0 0
TGC INDS INC COM NEW 872417308 148 23165 SH SOLE 23165 0 0
TRUEBLUE INC COM 89785x101 3437 237358 SH SOLE 237358 0 0
TS&W CLAYMORE TAX ADVNTG BL COM 87280r108 2747 241643 SH SOLE 241643 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2205 24918 SH SOLE 24918 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359e105 2158 53986 SH SOLE 53986 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 674 10426 SH SOLE 10426 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 2483 66682 SH SOLE 66682 0 0
VERSANT CORP COM NEW 925284309 1325 105825 SH SOLE 105825 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 2515 41427 SH SOLE 41427 0 0
VIRTUSA CORP COM 92827p102 2155 113720 SH SOLE 113720 0 0
WASTE MGMT INC DEL COM 94106l109 2586 69377 SH SOLE 69377 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 2955 77546 SH SOLE 77546 0 0
WILLDAN GROUP INC COM 96924n100 663 169530 SH SOLE 169530 0 0
XCEL ENERGY INC COM 98389b100 1790 73668 SH SOLE 73668 0 0
YOUNG INNOVATIONS INC COM 987520103 3835 134482 SH SOLE 134482 0 0
ZIX CORP COM 98974P100 627 163400 SH SOLE 163400 0 0