Punch & Associates Investment Management, Inc.
A manager that invests in closed-end funds and small companies.
Right now Punch has no stake of 5% or more in any closed-end fund.
It has been in 1 other fund before and has since sold down. Newest move: Aug 14, 2026, at RFIL.
What they usually do
A manager that invests in closed-end funds and small companies. It mostly holds as a passive investor.
Funds they are in right now
None right now.
Other companies (8)
- DSP - Viant Technology
Owns 7.3%. Passive investor. Since May 15, 2025. Last update Aug 14, 2025. - RSSS - Research Solutions
Owns 7.2%. Passive investor. Since Feb 14, 2025. Last update Feb 14, 2025. - 180 Degree Capital Corp.
Owns 7.1%. Passive investor. Since Feb 14, 2024. Last update Feb 14, 2024. - Virtus Convertible & Income 2024 Target Term Fund
Owns 6.8%. Passive investor. Since Feb 14, 2024. Last update Feb 14, 2024. - HGBL - Heritage Global
Owns 6.5%. Passive investor. Since Feb 14, 2024. Last update May 15, 2026. - IIIV - i3 Verticals
Owns 5.6%. Passive investor. Since Aug 14, 2026. Last update Aug 14, 2026. - RFIL - R F Industries Ltd
Owns 5.4%. Passive investor. Since Feb 14, 2024. Last update Aug 14, 2026. - TREE - LendingTree
Owns 5.2%. Passive investor. Since Aug 14, 2026. Last update Aug 14, 2026.
Recent moves
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Aug 14, 2026
RFIL - R F Industries Ltd: Punch cut its stake to 5.4% (from 7.6%), as a passive investor.
Original document → -
Aug 14, 2026
TREE - LendingTree: Punch now owns 5.2%, as a passive investor.
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Aug 14, 2026
IIIV - i3 Verticals: Punch now owns 5.6%, as a passive investor.
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May 15, 2026
HGBL - Heritage Global: Punch cut its stake to 6.5% (from 7.5%), as a passive investor.
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Aug 14, 2025
DSP - Viant Technology: Punch raised its stake to 7.3% (from 6.1%), as a passive investor.
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Aug 14, 2025
OPXS - Optex Systems Holdings: Punch sold down below 5% and stopped reporting.
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Aug 14, 2025
RFIL - R F Industries Ltd: Punch raised its stake to 7.6% (from 6.4%), as a passive investor.
Original document → -
May 15, 2025
RFIL - R F Industries Ltd: Punch cut its stake to 6.4% (from 9.7%), as a passive investor.
Original document →
Show all 36 moves
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May 15, 2025
DSP - Viant Technology: Punch now owns 6.1%, as a passive investor.
Original document → -
May 15, 2025
Sylogist Ltd.: Punch sold down below 5% and stopped reporting.
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May 15, 2025
FC - Franklin Covey Co.: Punch sold down below 5% and stopped reporting.
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May 15, 2025
Phx Minerals: Punch sold down below 5% and stopped reporting.
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May 15, 2025
AstroNova: Punch sold down below 5% and stopped reporting.
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April 7, 2025
HBIO - Harvard Bioscience: Punch sold down below 5% and stopped reporting.
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Feb 14, 2025
OPXS - Optex Systems Holdings: Punch cut its stake to 5.4% (from 6.5%), as a passive investor.
Original document → -
Feb 14, 2025
RSSS - Research Solutions: Punch now owns 7.2%, as a passive investor.
Original document → -
Feb 14, 2025
FC - Franklin Covey Co.: Punch now owns 5.2%, as a passive investor.
Original document → -
Nov 14, 2024
Sylogist Ltd.: Punch now owns 5.6%, as a passive investor.
Original document → -
Nov 14, 2024
GSL - Global Ship Lease: Punch sold down below 5% and stopped reporting.
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Nov 14, 2024
NTIC - Northern Technologies International Corp: Punch sold down below 5% and stopped reporting.
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Nov 14, 2024
BXC - BlueLinx Holdings: Punch sold down below 5% and stopped reporting.
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Feb 14, 2024
BXC - BlueLinx Holdings: Punch now owns 5%, as a passive investor.
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Feb 14, 2024
GSL - Global Ship Lease: Punch now owns 5.5%, as a passive investor.
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Feb 14, 2024
HBIO - Harvard Bioscience: Punch now owns 6.8%, as a passive investor.
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Feb 14, 2024
Phx Minerals: Punch now owns 7.4%, as a passive investor.
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Feb 14, 2024
AstroNova: Punch now owns 6.7%, as a passive investor.
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Feb 14, 2024
Virtus Convertible & Income 2024 Target Term Fund: Punch now owns 6.8%, as a passive investor.
Original document → -
Feb 14, 2024
ACR - ACRES Commercial Realty Corp.: Punch sold down below 5% and stopped reporting.
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Feb 14, 2024
180 Degree Capital Corp.: Punch now owns 7.1%, as a passive investor.
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Feb 14, 2024
OPXS - Optex Systems Holdings: Punch now owns 6.5%, as a passive investor.
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Feb 14, 2024
Charles & Colvard Ltd: Punch sold down below 5% and stopped reporting.
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Feb 14, 2024
HGBL - Heritage Global: Punch now owns 7.5%, as a passive investor.
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Feb 14, 2024
RFIL - R F Industries Ltd: Punch now owns 9.7%, as a passive investor.
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Feb 14, 2024
DHX - Dhi Group: Punch sold down below 5% and stopped reporting.
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Feb 14, 2024
NTIC - Northern Technologies International Corp: Punch now owns 5.5%, as a passive investor.
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Feb 14, 2024
GDO - Western Asset Global Corporate Opportunity Fund: Punch sold down below 5% and stopped reporting.
Original document →
Funds they have left (1)
Details
See this investor's page at the SEC →
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