The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 03-31-2022
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: 7701 FRANCE AVE. SOUTH
SUITE 300
EDINA , MN55435
Form 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 05-09-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 238
Form 13F Information Table Value Total: 1,759,295
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
180 DEGREE CAP CORP COM NEW 68235B208 4,544 664,331 SH SOLE 664,331 0 0
3M CO COM 88579Y101 2,550 17,127 SH SOLE 17,127 0 0
A10 NETWORKS INC COM 002121101 12,825 919,334 SH SOLE 919,334 0 0
ABBOTT LABS COM 002824100 236 1,990 SH SOLE 1,990 0 0
ABBVIE INC COM 00287Y109 543 3,350 SH SOLE 3,350 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 12,043 35,711 SH SOLE 35,711 0 0
ACRES COMMERCIAL REALTY CORP COM NEW 00489Q102 11,197 834,946 SH SOLE 834,946 0 0
ADDUS HOMECARE CORP COM 006739106 12,815 137,363 SH SOLE 137,363 0 0
AGILYSYS INC COM 00847J105 10,147 254,430 SH SOLE 254,430 0 0
AGNC INVT CORP COM 00123Q104 7,270 554,978 SH SOLE 554,978 0 0
ALAMO GROUP INC COM 011311107 9,726 67,637 SH SOLE 67,637 0 0
ALLIED MOTION TECHNOLOGIES I COM 019330109 11,073 371,076 SH SOLE 371,076 0 0
ALPHABET INC CAP STK CL A 02079K305 186 67 SH SOLE 67 0 0
ALPHABET INC CAP STK CL C 02079K107 243 87 SH SOLE 87 0 0
ALPS ETF TR ALERIAN MLP 00162Q452 11,476 299,625 SH SOLE 299,625 0 0
ALTA EQUIPMENT GROUP INC COMMON STOCK 02128L106 11,212 907,117 SH SOLE 907,117 0 0
AMERCO COM 023586100 10,682 17,894 SH SOLE 17,894 0 0
AMERIPRISE FINL INC COM 03076C106 11,121 37,025 SH SOLE 37,025 0 0
AMGEN INC COM 031162100 246 1,016 SH SOLE 1,016 0 0
ANTHEM INC COM 036752103 14,130 28,765 SH SOLE 28,765 0 0
APPLE INC COM 037833100 524 2,999 SH SOLE 2,999 0 0
ARBOR REALTY TRUST INC COM 038923108 8,337 488,659 SH SOLE 488,659 0 0
ARCOSA INC COM 039653100 15,393 268,880 SH SOLE 268,880 0 0
ARES CAPITAL CORP COM 04010L103 6,044 288,476 SH SOLE 288,476 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 5,546 1,598,315 SH SOLE 1,598,315 0 0
ASTRONOVA INC COM 04638F108 7,301 481,252 SH SOLE 481,252 0 0
AT&T INC COM 00206R102 8,817 373,129 SH SOLE 373,129 0 0
ATLAS CORP SHARES Y0436Q109 16,349 1,113,717 SH SOLE 1,113,717 0 0
AUTOSCOPE TECHNOLOGIES CORP COM 053306106 419 65,600 SH SOLE 65,600 0 0
AVIAT NETWORKS INC COM NEW 05366Y201 11,330 368,200 SH SOLE 368,200 0 0
AVID BIOSERVICES INC COM 05368M106 12,979 637,140 SH SOLE 637,140 0 0
AWARE INC MASS COM 05453N100 3,211 1,070,450 SH SOLE 1,070,450 0 0
B. RILEY FINANCIAL INC COM 05580M108 48,788 697,367 SH SOLE 697,367 0 0
BK OF AMERICA CORP COM 060505104 406 9,845 SH SOLE 9,845 0 0
BAR HBR BANKSHARES COM 066849100 10,533 368,023 SH SOLE 368,023 0 0
BARINGS BDC INC COM 06759L103 27,141 2,624,827 SH SOLE 2,624,827 0 0
BASSETT FURNITURE INDS INC COM 070203104 589 35,585 SH SOLE 35,585 0 0
BCE INC COM NEW 05534B760 10,064 181,465 SH SOLE 181,465 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,587 3 SH SOLE 3 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 16,096 45,610 SH SOLE 45,610 0 0
BLUELINX HLDGS INC COM NEW 09624H208 43,999 612,116 SH SOLE 612,116 0 0
BOEING CO COM 097023105 7,870 41,097 SH SOLE 41,097 0 0
BOSTON SCIENTIFIC CORP COM 101137107 426 9,611 SH SOLE 9,611 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 11,590 694,862 SH SOLE 694,862 0 0
BRIGHTVIEW HLDGS INC COM 10948C107 12,049 885,293 SH SOLE 885,293 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 238 3,256 SH SOLE 3,256 0 0
BROADMARK RLTY CAP INC COM 11135B100 6,372 736,629 SH SOLE 736,629 0 0
BRUNSWICK CORP COM 117043109 9,763 120,697 SH SOLE 120,697 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 13,288 205,893 SH SOLE 205,893 0 0
CALLAWAY GOLF CO COM 131193104 25,544 1,090,713 SH SOLE 1,090,713 0 0
CAPITAL SOUTHWEST CORP COM 140501107 12,259 516,624 SH SOLE 516,624 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 6,596 143,798 SH SOLE 143,798 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 5,671 691,595 SH SOLE 691,595 0 0
CELCUITY INC COM 15102K100 561 60,000 SH SOLE 60,000 0 0
CHANNELADVISOR CORP COM 159179100 2,674 161,400 SH SOLE 161,400 0 0
CHARLES & COLVARD LTD COM 159765106 3,011 1,918,070 SH SOLE 1,918,070 0 0
CHEVRON CORP NEW COM 166764100 347 2,134 SH SOLE 2,134 0 0
CINTAS CORP COM 172908105 10,588 24,889 SH SOLE 24,889 0 0
CION INVT CORP COM 17259U204 10,715 723,957 SH SOLE 723,957 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 12,826 302,510 SH SOLE 302,510 0 0
CSW INDUSTRIALS INC COM 126402106 11,335 96,396 SH SOLE 96,396 0 0
CULP INC COM 230215105 3,891 490,000 SH SOLE 490,000 0 0
CVS HEALTH CORP COM 126650100 8,568 84,658 SH SOLE 84,658 0 0
DEERE & CO COM 244199105 11,049 26,594 SH SOLE 26,594 0 0
DHI GROUP INC COM 23331S100 15,330 2,576,430 SH SOLE 2,576,430 0 0
DIAMOND HILL INVT GROUP INC COM NEW 25264R207 4,317 23,046 SH SOLE 23,046 0 0
DIGI INTL INC COM 253798102 20,221 939,638 SH SOLE 939,638 0 0
DISNEY WALT CO COM 254687106 11,429 83,323 SH SOLE 83,323 0 0
DLH HLDGS CORP COM 23335Q100 12,028 635,083 SH SOLE 635,083 0 0
DOUBLELINE YIELD OPPORTUNITI COM 25862D105 10,581 631,691 SH SOLE 631,691 0 0
DOUGLAS DYNAMICS INC COM 25960R105 9,395 271,607 SH SOLE 271,607 0 0
ECOFIN SUSTAINABLE AND SOCIA COM SH BEN INT 27901F109 8,008 530,339 SH SOLE 530,339 0 0
ECOLAB INC COM 278865100 910 5,155 SH SOLE 5,155 0 0
ELECTROMED INC COM 285409108 5,433 436,735 SH SOLE 436,735 0 0
EMERSON ELEC CO COM 291011104 248 2,532 SH SOLE 2,532 0 0
ENETI INC COM Y2294C107 690 108,707 SH SOLE 108,707 0 0
ENSTAR GROUP LIMITED SHS G3075P101 13,190 50,508 SH SOLE 50,508 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 8,739 309,795 SH SOLE 309,795 0 0
EQUITY COMWLTH 6.5% CNV PFD D 294628201 2,108 76,521 SH SOLE 76,521 0 0
ETSY INC COM 29786A106 9,421 75,806 SH SOLE 75,806 0 0
FARO TECHNOLOGIES INC COM 311642102 8,590 165,454 SH SOLE 165,454 0 0
FIRST TR HIGH YIELD OPPRT 20 COM 33741Q107 9,284 533,269 SH SOLE 533,269 0 0
FIRST TR MLP & ENERGY INCOM COM 33739B104 805 97,500 SH SOLE 97,500 0 0
FIRST WESTN FINL INC COM 33751L105 7,324 234,300 SH SOLE 234,300 0 0
FISERV INC COM 337738108 10,639 104,921 SH SOLE 104,921 0 0
FLEXSTEEL INDS INC COM 339382103 3,499 181,300 SH SOLE 181,300 0 0
FRANCHISE GROUP INC COM 35180X105 35,537 857,767 SH SOLE 857,767 0 0
FRANKLIN COVEY CO COM 353469109 22,937 507,223 SH SOLE 507,223 0 0
GENERATIONS BANCORP NY INC COM 37149G108 837 70,800 SH SOLE 70,800 0 0
GENTHERM INC COM 37253A103 7,469 102,255 SH SOLE 102,255 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 55,632 1,952,682 SH SOLE 1,952,682 0 0
GLOBE LIFE INC COM 37959E102 444 4,410 SH SOLE 4,410 0 0
GREEN BRICK PARTNERS INC COM 392709101 24,497 1,239,704 SH SOLE 1,239,704 0 0
HACKETT GROUP INC COM 404609109 28,408 1,231,907 SH SOLE 1,231,907 0 0
HARVARD BIOSCIENCE INC COM 416906105 15,310 2,465,410 SH SOLE 2,465,410 0 0
HEALTHSTREAM INC COM 42222N103 12,265 615,691 SH SOLE 615,691 0 0
HENNESSY ADVISORS INC COM 425885100 131 12,980 SH SOLE 12,980 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 11,885 401,400 SH SOLE 401,400 0 0
HERITAGE GLOBAL INC COM 42727E103 3,316 2,456,030 SH SOLE 2,456,030 0 0
HOOKER FURNISHINGS CORPORATI COM 439038100 8,630 455,659 SH SOLE 455,659 0 0
HORMEL FOODS CORP COM 440452100 5,752 111,598 SH SOLE 111,598 0 0
LUMENT FINANCE TRUST INC COM 55025L108 4,722 1,723,512 SH SOLE 1,723,512 0 0
IAC INTERACTIVECORP NEW COM NEW 44891N208 7,526 75,048 SH SOLE 75,048 0 0
INDUS REALTY TRUST INC COM 45580R103 388 5,315 SH SOLE 5,315 0 0
INFUSYSTEM HLDGS INC COM 45685K102 8,070 823,480 SH SOLE 823,480 0 0
INTEL CORP COM 458140100 737 14,872 SH SOLE 14,872 0 0
IRIDEX CORP COM 462684101 711 153,500 SH SOLE 153,500 0 0
ISHARES TR CORE DIV GRWTH 46434V621 34 631 SH SOLE 631 0 0
ISHARES INC CORE MSCI EMKT 46434G103 4,342 78,168 SH SOLE 78,168 0 0
ISHARES TR CORE MSCI EURO 46434V738 3,404 63,744 SH SOLE 63,744 0 0
ISHARES TR CORE MSCI INTL 46435G326 1,760 27,663 SH SOLE 27,663 0 0
ISHARES TR CORE S&P500 ETF 464287200 114 252 SH SOLE 252 0 0
ISHARES TR CORE S&P MCP ETF 464287507 8 29 SH SOLE 29 0 0
ISHARES TR CORE S&P SCP ETF 464287804 125 1,161 SH SOLE 1,161 0 0
ISHARES TR CORE S&P TTL STK 464287150 66 650 SH SOLE 650 0 0
ISHARES TR CORE US AGGBD ET 464287226 74 690 SH SOLE 690 0 0
ISHARES TR DOW JONES US ETF 464287846 10 94 SH SOLE 94 0 0
ISHARES TR ISHS 1-5YR INVS 464288646 82 1,594 SH SOLE 1,594 0 0
ISHARES TR MICRO-CAP ETF 464288869 62 485 SH SOLE 485 0 0
ISHARES TR MSCI KLD400 SOC 464288570 38 435 SH SOLE 435 0 0
ISHARES TR MSCI USA ESG SLC 464288802 41 425 SH SOLE 425 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 59 365 SH SOLE 365 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 50 245 SH SOLE 245 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 28,332 370,929 SH SOLE 370,929 0 0
ISHARES TR S&P 500 VAL ETF 464287408 7,663 49,209 SH SOLE 49,209 0 0
ISHARES TR S&P MC 400GR ETF 464287606 23 300 SH SOLE 300 0 0
ISHARES TR SELECT DIVID ETF 464287168 20 156 SH SOLE 156 0 0
ISHARES TR SP SMCP600VL ETF 464287879 1,829 17,862 SH SOLE 17,862 0 0
ISHARES TR U.S. TECH ETF 464287721 7 71 SH SOLE 71 0 0
ISSUER DIRECT CORP COM NEW 46520M204 1,442 48,500 SH SOLE 48,500 0 0
JOHNSON & JOHNSON COM 478160104 11,793 66,543 SH SOLE 66,543 0 0
JPMORGAN CHASE & CO COM 46625H100 10,567 77,515 SH SOLE 77,515 0 0
KIMBALL ELECTRONICS INC COM 49428J109 9,102 455,320 SH SOLE 455,320 0 0
KINDER MORGAN INC DEL COM 49456B101 10,662 563,816 SH SOLE 563,816 0 0
KINGSTONE COS INC COM 496719105 2,793 525,000 SH SOLE 525,000 0 0
LANDEC CORP COM 514766104 4,805 414,961 SH SOLE 414,961 0 0
LAWSON PRODS INC COM 520776105 3,944 102,329 SH SOLE 102,329 0 0
LEGACY HOUSING CORP COM 52472M101 5,296 246,800 SH SOLE 246,800 0 0
LILLY ELI & CO COM 532457108 3,145 10,981 SH SOLE 10,981 0 0
LINCOLN EDL SVCS CORP COM 533535100 8,865 1,239,895 SH SOLE 1,239,895 0 0
LITHIA MTRS INC COM 536797103 11,390 37,952 SH SOLE 37,952 0 0
LOGAN RIDGE FINANCE CORP COM 541098109 1,954 86,565 SH SOLE 86,565 0 0
LUNA INNOVATIONS INC COM 550351100 8,754 1,135,378 SH SOLE 1,135,378 0 0
MADDEN STEVEN LTD COM 556269108 7,339 189,930 SH SOLE 189,930 0 0
MALIBU BOATS INC COM CL A 56117J100 13,838 238,548 SH SOLE 238,548 0 0
MARKEL CORP COM 570535104 202 137 SH SOLE 137 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 13,403 544,630 SH SOLE 544,630 0 0
MCDONALDS CORP COM 580135101 465 1,880 SH SOLE 1,880 0 0
MEDTRONIC PLC SHS G5960L103 355 3,200 SH SOLE 3,200 0 0
MICROSOFT CORP COM 594918104 18,756 60,834 SH SOLE 60,834 0 0
MIRION TECHNOLOGIES INC COM CL A 60471A101 94 11,700 SH SOLE 11,700 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 234 966 SH SOLE 966 0 0
NOODLES & CO COM CL A 65540B105 2,507 420,000 SH SOLE 420,000 0 0
NORTHERN TECHNOLOGIES INTL C COM 665809109 6,145 511,222 SH SOLE 511,222 0 0
NVE CORP COM NEW 629445206 6,185 113,555 SH SOLE 113,555 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 10,846 1,471,672 SH SOLE 1,471,672 0 0
OIL DRI CORP AMER COM 677864100 2,865 100,000 SH SOLE 100,000 0 0
OPORTUN FINL CORP COM 68376D104 12,829 893,396 SH SOLE 893,396 0 0
ORACLE CORP COM 68389X105 10,128 122,418 SH SOLE 122,418 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207 13,362 1,026,235 SH SOLE 1,026,235 0 0
PAYPAL HLDGS INC COM 70450Y103 387 3,348 SH SOLE 3,348 0 0
PERFORMANT FINL CORP COM 71377E105 6,858 2,205,100 SH SOLE 2,205,100 0 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 2,588 468,000 SH SOLE 468,000 0 0
PFIZER INC COM 717081103 1,064 20,543 SH SOLE 20,543 0 0
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 7,827 392,344 SH SOLE 392,344 0 0
PHX MINERALS INC CL A 69291A100 148 48,525 SH SOLE 48,525 0 0
PIMCO ENERGY & TACTICAL CR O COM SHS BEN INT 69346N107 15,378 1,036,951 SH SOLE 1,036,951 0 0
PLUMAS BANCORP COM 729273102 1,053 27,640 SH SOLE 27,640 0 0
PORTMAN RIDGE FIN CORP COM NEW 73688F201 3,701 153,050 SH SOLE 153,050 0 0
POSTAL REALTY TRUST INC CL A 73757R102 3,876 230,447 SH SOLE 230,447 0 0
POTBELLY CORP COM 73754Y100 8,291 1,237,395 SH SOLE 1,237,395 0 0
PROCTER AND GAMBLE CO COM 742718109 418 2,736 SH SOLE 2,736 0 0
PRO-DEX INC COLO COM NEW 74265M205 629 38,075 SH SOLE 38,075 0 0
PZENA INVT MGMT INC CLASS A 74731Q103 15,759 1,965,023 SH SOLE 1,965,023 0 0
QUEST RESOURCE HLDG CORP COM NEW 74836W203 2,376 386,400 SH SOLE 386,400 0 0
RADNET INC COM 750491102 16,505 737,817 SH SOLE 737,817 0 0
RANPAK HOLDINGS CORP COM CL A 75321W103 14,519 710,679 SH SOLE 710,679 0 0
REPUBLIC SVCS INC COM 760759100 10,755 81,166 SH SOLE 81,166 0 0
RESEARCH SOLUTIONS INC COM 761025105 809 380,000 SH SOLE 380,000 0 0
RF INDS LTD COM PAR $0.01 749552105 3,928 544,750 SH SOLE 544,750 0 0
ROYCE MICRO-CAP TR INC COM 780915104 4,935 469,085 SH SOLE 469,085 0 0
ROYCE VALUE TR INC COM 780910105 3,738 220,003 SH SOLE 220,003 0 0
SB FINL GROUP INC COM 78408D105 5,602 281,349 SH SOLE 281,349 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106 6,979 56,758 SH SOLE 56,758 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 24,363 1,171,856 SH SOLE 1,171,856 0 0
SEMLER SCIENTIFIC INC COM 81684M104 7,845 158,292 SH SOLE 158,292 0 0
SENSUS HEALTHCARE INC COM 81728J109 810 80,000 SH SOLE 80,000 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 8,811 430,870 SH SOLE 430,870 0 0
SLEEP NUMBER CORP COM 83125X103 9,336 184,104 SH SOLE 184,104 0 0
SLR INVESTMENT CORP COM 83413U100 7,582 418,194 SH SOLE 418,194 0 0
SPDR GOLD TR GOLD SHS 78463V107 452 2,500 SH SOLE 2,500 0 0
SPDR SER TR PORTFOLIO S&P600 78468R853 10 239 SH SOLE 239 0 0
SPDR SER TR PRTFLO S&P500 HI 78468R788 314 7,143 SH SOLE 7,143 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,900 4,206 SH SOLE 4,206 0 0
SPROUTS FMRS MKT INC COM 85208M102 17,084 534,196 SH SOLE 534,196 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 5,772 389,238 SH SOLE 389,238 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 9,520 126,895 SH SOLE 126,895 0 0
ARROWMARK FINANCIAL CORP COM 861780104 6,767 314,576 SH SOLE 314,576 0 0
STONEX GROUP INC COM 861896108 44,806 603,614 SH SOLE 603,614 0 0
STREAMLINE HEALTH SOLUTIONS COM 86323X106 2,719 1,699,100 SH SOLE 1,699,100 0 0
STRYKER CORPORATION COM 863667101 358 1,339 SH SOLE 1,339 0 0
SUPERIOR GROUP OF CO INC COM 868358102 4,091 229,175 SH SOLE 229,175 0 0
SYNCHRONOSS TECHNOLOGIES INC COM 87157B103 4,722 2,729,700 SH SOLE 2,729,700 0 0
TARGET CORP COM 87612E106 11,815 55,672 SH SOLE 55,672 0 0
TECHTARGET INC COM 87874R100 17,407 214,162 SH SOLE 214,162 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 9,764 16,531 SH SOLE 16,531 0 0
THORNBURG INCM BUILDER OPP T COM 885213108 6,195 362,501 SH SOLE 362,501 0 0
TILE SHOP HLDGS INC COM 88677Q109 5,805 886,254 SH SOLE 886,254 0 0
TRANSACT TECHNOLOGIES INC COM 892918103 1,744 247,090 SH SOLE 247,090 0 0
TRANSCAT INC COM 893529107 11,717 144,400 SH SOLE 144,400 0 0
UFP TECHNOLOGIES INC COM 902673102 7,199 108,794 SH SOLE 108,794 0 0
UNITEDHEALTH GROUP INC COM 91324P102 19,554 38,343 SH SOLE 38,343 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104 9,472 1,070,248 SH SOLE 1,070,248 0 0
US BANCORP DEL COM NEW 902973304 816 15,354 SH SOLE 15,354 0 0
VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 427 3,801 SH SOLE 3,801 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 30 143 SH SOLE 143 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 4 15 SH SOLE 15 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 133 558 SH SOLE 558 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 36 330 SH SOLE 330 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 47 113 SH SOLE 113 0 0
VANGUARD SCOTTSDALE FDS VNG RUS1000GRW 92206C680 26 367 SH SOLE 367 0 0
VANGUARD SCOTTSDALE FDS VNG RUS1000VAL 92206C714 324 4,455 SH SOLE 4,455 0 0
VANGUARD SCOTTSDALE FDS VNG RUS1000IDX 92206C730 10 50 SH SOLE 50 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 121 567 SH SOLE 567 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 887 5,042 SH SOLE 5,042 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 45 196 SH SOLE 196 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 8,675 170,303 SH SOLE 170,303 0 0
VIRTRA INC COM PAR 92827K301 480 78,700 SH SOLE 78,700 0 0
VIRTUS ALLIANZGI CONVERTIBLE COM 92838R105 8,772 939,219 SH SOLE 939,219 0 0
WASTE MGMT INC DEL COM 94106L109 8,755 55,238 SH SOLE 55,238 0 0
WAYSIDE TECHNOLOGY GROUP INC COM 946760105 2,458 71,150 SH SOLE 71,150 0 0
WELLS FARGO CO NEW COM 949746101 492 10,160 SH SOLE 10,160 0 0
WESTERN ASSET GLOBAL CORP DE COM 95790C107 9,975 671,263 SH SOLE 671,263 0 0
WESTERN ASSET HIGH YIELD DEF COM 95768B107 9,096 655,338 SH SOLE 655,338 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 7,113 187,680 SH SOLE 187,680 0 0
WILLIAMS COS INC COM 969457100 9,294 278,188 SH SOLE 278,188 0 0
XPEL INC COM 98379L100 6,215 118,130 SH SOLE 118,130 0 0
ZYNEX INC COM 98986M103 2,460 394,799 SH SOLE 394,799 0 0