Revealing the Winners and Losers of Punch & Associates Investment Management's Q3 2022 vs. Q4 2022 Holdings

Punch & Associates Investment Management, Inc. is a Minneapolis-based investment advisor that manages over $2.5 billion in assets. As part of its regular disclosures, the firm filed its latest Form 13F for Q4 2022 with the Securities and Exchange Commission. The 13F provides insights into the firm's holdings as of the end of the quarter, including changes in the number of shares held and the value of the positions.

In this article, we'll dive into the Punch & Associates Investment Management's latest 13F holdings and identify the biggest winners and losers for the quarter.

Winners

Stonex Group Inc (SNEX)

Punch & Associates Investment Management increased its stake in Stonex Group Inc by 8.04%, going from 545,326 shares in Q3 2022 to 501,496 shares in Q4 2022. The value of the shares held also increased by 5.7%, going from $45.2 million to $47.8 million.

BlueLinx Holdings Inc (BXC)

BlueLinx Holdings Inc was another winner for Punch & Associates Investment Management in Q4 2022. The firm increased its stake in the company by 2.16%, going from 556,140 shares to 544,124 shares. The value of the shares held increased by 12%, going from $34.5 million to $38.7 million.

Heritage Crystal Clean Inc (HCCI)

Punch & Associates Investment Management also increased its stake in Heritage Crystal Clean Inc by 1.38%, going from 902,310 shares to 914,655 shares. The value of the shares held increased by 11.3%, going from $26.7 million to $29.7 million.

Losers

B. Riley Financial Inc (RILY)

B. Riley Financial Inc was one of the biggest losers for Punch & Associates Investment Management in Q4 2022. The firm reduced its stake in the company by 1.37%, going from 675,998 shares to 685,285 shares. The value of the shares held decreased by 22.1%, going from $30.1 million to $23.4 million.

RadNet Inc (RDNT)

Punch & Associates Investment Management reduced its stake in RadNet Inc by 18.16%, going from 883,320 shares to 1,087,836 shares. However, the value of the shares held increased by 14%, going from $17.9 million to $20.5 million.

Digi Intl Inc (DGII)

Digi Intl Inc was another big loser for Punch & Associates Investment Management in Q4 2022. The firm reduced its stake in the company by 28.11%, going from 711,595 shares to 510,750 shares. The value of the shares held decreased by 24.1%, going from $24.6 million to $18.7 million.

Conclusion

Overall, Punch & Associates Investment Management made some notable changes to its holdings in Q4 2022. The firm increased its holdings in Stonex Group Inc, BlueLinx Holdings Inc, and Heritage Crystal Clean Inc, while reducing its stakes in B. Riley Financial Inc, RadNet Inc, and Digi Intl Inc. Whether these decisions will turn out to be profitable remains to be seen, but it's clear that Punch & Associates Investment Management is closely monitoring its portfolio and making adjustments as needed.