Punch & Associates Investment Management 13F-HR Quarterly holdings report by institutional manager

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:	Oct 31, 2018
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	68235B109	3,630	1,920,695	SH		SOLE		1,920,695	0	0
3M CO	COM	88579Y101	2,467	15,401	SH		SOLE		15,401	0	0
ABBOTT LABS	COM	002824100	215	1,973	SH		SOLE		1,973	0	0
ABBVIE INC	COM	00287Y109	294	3,360	SH		SOLE		3,360	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	8,241	36,467	SH		SOLE		36,467	0	0
ADDUS HOMECARE CORP	COM	006739106	9,008	95,317	SH		SOLE		95,317	0	0
AGILYSYS INC	COM	00847J105	9,795	405,405	SH		SOLE		405,405	0	0
AGNC INVT CORP	COM	00123Q104	2,388	171,661	SH		SOLE		171,661	0	0
AIRGAIN INC	COM	00938A104	1,465	109,850	SH		SOLE		109,850	0	0
ALAMO GROUP INC	COM	011311107	8,068	74,684	SH		SOLE		74,684	0	0
ALLIANZGI CONV & INCM 2024 T	COM	01883H102	8,136	924,489	SH		SOLE		924,489	0	0
ALLIED MOTION TECHNOLOGIES I	COM	019330109	9,146	221,557	SH		SOLE		221,557	0	0
ALPS ETF TR	ALERIAN MLP	00162Q452	4,936	247,061	SH		SOLE		247,061	0	0
ALTA EQUIPMENT GROUP INC	COMMON STOCK	02128L106	5,262	672,000	SH		SOLE		672,000	0	0
ALTA EQUIPMENT GROUP INC	*W EXP 02/14/202	02128L114	160	100,000	SH		SOLE		100,000	0	0
AMERCO	COM	023586100	6,617	18,587	SH		SOLE		18,587	0	0
AMERICAS CAR-MART INC	COM	03062T105	3,461	40,770	SH		SOLE		40,770	0	0
AMERIPRISE FINL INC	COM	03076C106	5,795	37,603	SH		SOLE		37,603	0	0
AMGEN INC	COM	031162100	265	1,044	SH		SOLE		1,044	0	0
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	72	10,160	SH		SOLE		10,160	0	0
ANTHEM INC	COM	036752103	7,882	29,347	SH		SOLE		29,347	0	0
ARBOR REALTY TRUST INC	COM	038923108	6,189	539,614	SH		SOLE		539,614	0	0
ARES CAPITAL CORP	COM	04010L103	5,328	381,927	SH		SOLE		381,927	0	0
ASPEN GROUP INC	COM NEW	04530L203	5,772	516,730	SH		SOLE		516,730	0	0
ASTRONOVA INC	COM	04638F108	3,228	402,441	SH		SOLE		402,441	0	0
AT&T INC	COM	00206R102	24	833	SH		SOLE		833	0	0
ATLAS CORP	SHS	Y0436Q109	8,617	963,865	SH		SOLE		963,865	0	0
AVIAT NETWORKS INC	COM NEW	05366Y201	540	24,600	SH		SOLE		24,600	0	0
AVID BIOSERVICES INC	COM	05368M106	2,900	380,635	SH		SOLE		380,635	0	0
AWARE INC MASS	COM	05453N100	2,505	927,830	SH		SOLE		927,830	0	0
B. RILEY FINANCIAL INC	COM	05580M108	36,468	1,455,241	SH		SOLE		1,455,241	0	0
BAR HBR BANKSHARES	COM	066849100	5,933	288,708	SH		SOLE		288,708	0	0
BARINGS BDC INC	COM	06759L103	17,583	2,197,902	SH		SOLE		2,197,902	0	0
BCE INC	COM NEW	05534B760	4,320	104,163	SH		SOLE		104,163	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	320	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	9,366	43,985	SH		SOLE		43,985	0	0
BIOSPECIFICS TECHNOLOGIES CO	COM	090931106	4,073	77,101	SH		SOLE		77,101	0	0
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	4,304	497,553	SH		SOLE		497,553	0	0
BLACKSTONE GSO STRATEGIC CR	COM SHS BEN IN	09257R101	5,634	461,067	SH		SOLE		461,067	0	0
BLUELINX HLDGS INC	COM NEW	09624H208	18,730	869,938	SH		SOLE		869,938	0	0
BOEING CO	COM	097023105	3,856	23,332	SH		SOLE		23,332	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	436	11,411	SH		SOLE		11,411	0	0
BOULDER GROWTH & INCOME FD I	COM	101507101	9,743	974,271	SH		SOLE		974,271	0	0
BRIDGEWATER BANCSHARES INC	COM ACCD INV	108621103	5,903	622,000	SH		SOLE		622,000	0	0
BRIDGFORD FOODS CORP	COM	108763103	588	32,100	SH		SOLE		32,100	0	0
BRIGHTVIEW HLDGS INC	COM	10948C107	4,024	352,970	SH		SOLE		352,970	0	0
BROADMARK RLTY CAP INC	COM	11135B100	4,748	481,566	SH		SOLE		481,566	0	0
BRUNSWICK CORP	COM	117043109	6,862	116,482	SH		SOLE		116,482	0	0
CALAMOS DYNAMIC CONV & INCOM	COM	12811V105	4,279	187,022	SH		SOLE		187,022	0	0
CALLAWAY GOLF CO	COM	131193104	18,984	991,859	SH		SOLE		991,859	0	0
CAPITAL SOUTHWEST CORP	COM	140501107	15,659	1,114,516	SH		SOLE		1,114,516	0	0
CARRIER GLOBAL CORPORATION	COM	14448C104	1,132	37,054	SH		SOLE		37,054	0	0
CELCUITY INC	COM	15102K100	383	66,114	SH		SOLE		66,114	0	0
CINTAS CORP	COM	172908105	8,740	26,258	SH		SOLE		26,258	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	9,680	292,436	SH		SOLE		292,436	0	0
COMMUNICATIONS SYS INC	COM	203900105	1,392	363,356	SH		SOLE		363,356	0	0
CRESCENT CAP BDC INC	COM	225655109	4,477	351,150	SH		SOLE		351,150	0	0
CSW INDUSTRIALS INC	COM	126402106	8,980	116,249	SH		SOLE		116,249	0	0
CVS HEALTH CORP	COM	126650100	3,843	65,807	SH		SOLE		65,807	0	0
CYBEROPTICS CORP	COM	232517102	3,183	99,968	SH		SOLE		99,968	0	0
DEERE & CO	COM	244199105	6,482	29,249	SH		SOLE		29,249	0	0
DELAWARE INVTS MINN MUN INCO	COM	24610V103	234	18,000	SH		SOLE		18,000	0	0
DELUXE CORP	COM	248019101	6,563	255,089	SH		SOLE		255,089	0	0
DHI GROUP INC	COM	23331S100	4,359	1,928,630	SH		SOLE		1,928,630	0	0
DIAMOND HILL INVT GROUP INC	COM NEW	25264R207	1,718	13,600	SH		SOLE		13,600	0	0
DIGI INTL INC	COM	253798102	17,515	1,120,616	SH		SOLE		1,120,616	0	0
DISNEY WALT CO	COM DISNEY	254687106	9,908	79,849	SH		SOLE		79,849	0	0
DLH HLDGS CORP	COM	23335Q100	4,816	664,294	SH		SOLE		664,294	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	9,173	268,222	SH		SOLE		268,222	0	0
DRIVE SHACK INC	COM	262077100	697	621,933	SH		SOLE		621,933	0	0
DSP GROUP INC	COM	23332B106	2,160	163,900	SH		SOLE		163,900	0	0
EATON VANCE TX ADV GLBL DIV	COM	27828S101	7,275	489,211	SH		SOLE		489,211	0	0
ECOLAB INC	COM	278865100	1,029	5,147	SH		SOLE		5,147	0	0
ELECTROMED INC	COM	285409108	718	69,000	SH		SOLE		69,000	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	7,688	47,604	SH		SOLE		47,604	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	67	2,525	SH		SOLE		2,525	0	0
EQUITY COMWLTH	CUM PFD S D 6.5%	294628201	2,055	70,733	SH		SOLE		70,733	0	0
ETSY INC	COM	29786A106	20,226	166,292	SH		SOLE		166,292	0	0
EXXON MOBIL CORP	COM	30231G102	2,377	69,231	SH		SOLE		69,231	0	0
FARMERS NATIONAL BANC CORP	COM	309627107	2,751	251,901	SH		SOLE		251,901	0	0
FARO TECHNOLOGIES INC	COM	311642102	9,557	156,731	SH		SOLE		156,731	0	0
FERRO CORP	COM	315405100	8,289	668,488	SH		SOLE		668,488	0	0
FIBROGEN INC	COM	31572Q808	370	9,000	SH		SOLE		9,000	0	0
FIRST BANK WILLIAMSTOWN NJ	COM	31931U102	1,105	178,300	SH		SOLE		178,300	0	0
FIRST TR ENERGY INFRASTRCTR	COM	33738C103	3,931	439,209	SH		SOLE		439,209	0	0
FIRST TR MLP & ENERGY INCOM	COM	33739B104	1,392	300,000	SH		SOLE		300,000	0	0
FIRST WESTN FINL INC	COM	33751L105	2,628	202,965	SH		SOLE		202,965	0	0
FISERV INC	COM	337738108	8,853	85,914	SH		SOLE		85,914	0	0
FRANCHISE GROUP INC	COM	35180X105	2,740	108,060	SH		SOLE		108,060	0	0
FRANKLIN COVEY CO	COM	353469109	8,350	470,708	SH		SOLE		470,708	0	0
GABELLI GLB SML & MD CP VAL	COM	36249W104	467	46,290	SH		SOLE		46,290	0	0
GENTHERM INC	COM	37253A103	6,319	154,504	SH		SOLE		154,504	0	0
GLADSTONE LD CORP	COM	376549101	3,747	249,446	SH		SOLE		249,446	0	0
GLOBAL MED REIT INC	COM NEW	37954A204	1,634	121,000	SH		SOLE		121,000	0	0
GLOBAL SHIP LEASE INC NEW	COM CL A	Y27183600	5,902	855,379	SH		SOLE		855,379	0	0
GLOBE LIFE INC	COM	37959E102	352	4,410	SH		SOLE		4,410	0	0
GREAT ELM CAP GROUP INC	COM NEW	39036P209	1,850	784,000	SH		SOLE		784,000	0	0
GREEN BRICK PARTNERS INC	COM	392709101	22,252	1,382,133	SH		SOLE		1,382,133	0	0
HACKETT GROUP INC	COM	404609109	11,413	1,020,822	SH		SOLE		1,020,822	0	0
HARVARD BIOSCIENCE INC	COM	416906105	4,629	1,537,800	SH		SOLE		1,537,800	0	0
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	2,565	192,150	SH		SOLE		192,150	0	0
HERITAGE GLOBAL INC	COM	42727E103	463	202,000	SH		SOLE		202,000	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	8,038	935,784	SH		SOLE		935,784	0	0
HOOKER FURNITURE CORP	COM	439038100	9,072	351,215	SH		SOLE		351,215	0	0
HORMEL FOODS CORP	COM	440452100	5,358	109,588	SH		SOLE		109,588	0	0
HUNT COS FIN TR INC	COM	44558T100	2,818	1,032,304	SH		SOLE		1,032,304	0	0
IEC ELECTRS CORP NEW	COM	44949L105	7,365	851,400	SH		SOLE		851,400	0	0
IES HLDGS INC	COM	44951W106	2,303	72,500	SH		SOLE		72,500	0	0
IMMUNOMEDICS INC	COM	452907108	432	5,080	SH		SOLE		5,080	0	0
INFUSYSTEM HLDGS INC	COM	45685K102	5,049	393,815	SH		SOLE		393,815	0	0
INTEL CORP	COM	458140100	826	15,957	SH		SOLE		15,957	0	0
INVACARE CORP	COM	461203101	6,349	844,230	SH		SOLE		844,230	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	3,490	66,098	SH		SOLE		66,098	0	0
ISHARES TR	CORE MSCI EURO	46434V738	9,838	220,035	SH		SOLE		220,035	0	0
ISHARES TR	CORE S&P SCP ETF	464287804	56	800	SH		SOLE		800	0	0
ISHARES TR	DOW JONES US ETF	464287846	4	25	SH		SOLE		25	0	0
ISHARES TR	EXPND TEC SC ETF	464287549	62	200	SH		SOLE		200	0	0
ISHARES TR	MICRO-CAP ETF	464288869	46	505	SH		SOLE		505	0	0
ISHARES TR	MRGSTR MD CP GRW	464288307	1,606	5,011	SH		SOLE		5,011	0	0
ISHARES TR	MSCI EAFE ETF	464287465	314	4,932	SH		SOLE		4,932	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	291	6,603	SH		SOLE		6,603	0	0
ISHARES TR	MSCI KLD400 SOC	464288570	69	540	SH		SOLE		540	0	0
ISHARES TR	MSCI USA ESG SLC	464288802	117	793	SH		SOLE		793	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	601	2,713	SH		SOLE		2,713	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	155	1,034	SH		SOLE		1,034	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	23,688	102,511	SH		SOLE		102,511	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	5,668	50,404	SH		SOLE		50,404	0	0
ISHARES TR	SHORT TREAS BD	464288679	14,276	128,961	SH		SOLE		128,961	0	0
ISHARES TR	US OIL EQ&SV ETF	464288844	5	734	SH		SOLE		734	0	0
ISSUER DIRECT CORP	COM NEW	46520M204	954	48,000	SH		SOLE		48,000	0	0
JOHNSON & JOHNSON	COM	478160104	6,659	44,725	SH		SOLE		44,725	0	0
JPMORGAN CHASE & CO	COM	46625H100	7,286	75,684	SH		SOLE		75,684	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	6,472	559,876	SH		SOLE		559,876	0	0
KIMBALL INTL INC	CL B	494274103	4,542	430,902	SH		SOLE		430,902	0	0
KIMBERLY CLARK CORP	COM	494368103	241	1,634	SH		SOLE		1,634	0	0
KINGSTONE COS INC	COM	496719105	2,184	370,820	SH		SOLE		370,820	0	0
LADDER CAP CORP	CL A	505743104	2,863	402,101	SH		SOLE		402,101	0	0
LAWSON PRODS INC	COM	520776105	5,594	136,335	SH		SOLE		136,335	0	0
LEAF GROUP LTD	COM	52177G102	3,275	652,300	SH		SOLE		652,300	0	0
LENDINGTREE INC NEW	COM	52603B107	4,339	14,137	SH		SOLE		14,137	0	0
LILLY ELI & CO	COM	532457108	1,612	10,888	SH		SOLE		10,888	0	0
LITHIA MTRS INC	CL A	536797103	10,272	45,064	SH		SOLE		45,064	0	0
LUNA INNOVATIONS	COM	550351100	3,723	622,550	SH		SOLE		622,550	0	0
MADDEN STEVEN LTD	COM	556269108	3,513	180,141	SH		SOLE		180,141	0	0
MALIBU BOATS INC	COM CL A	56117J100	16,147	325,802	SH		SOLE		325,802	0	0
MASTERCRAFT BOAT HLDGS INC	COM	57637H103	9,530	544,870	SH		SOLE		544,870	0	0
MCDONALDS CORP	COM	580135101	413	1,880	SH		SOLE		1,880	0	0
MEDTRONIC PLC	SHS	G5960L103	292	2,808	SH		SOLE		2,808	0	0
MICROSOFT CORP	COM	594918104	12,919	61,421	SH		SOLE		61,421	0	0
MTBC INC	COM	55378G102	733	82,600	SH		SOLE		82,600	0	0
MVC CAP INC	COM	553829102	8,141	1,042,423	SH		SOLE		1,042,423	0	0
NEUBERGER BERMAN MLP AND ENR	COM	64129H104	5,357	2,250,801	SH		SOLE		2,250,801	0	0
NEXTERA ENERGY INC	UNIT 99/99/9999	65339F770	2,052	43,963	SH		SOLE		43,963	0	0
NORTHERN TECH INTL CORP	COM	665809109	3,129	377,015	SH		SOLE		377,015	0	0
NOVANTA INC	COM	67000B104	9,874	93,732	SH		SOLE		93,732	0	0
NUVEEN PFD & INCOME TERM FD	COM	67075A106	4,013	182,570	SH		SOLE		182,570	0	0
NVE CORP	COM NEW	629445206	2,427	49,455	SH		SOLE		49,455	0	0
OAKTREE SPECIALTY LENDING CO	COM	67401P108	5,549	1,146,563	SH		SOLE		1,146,563	0	0
OAKTREE STRATEGIC INCOME COR	COM	67402D104	3,640	559,111	SH		SOLE		559,111	0	0
OIL DRI CORP AMER	COM	677864100	3,194	89,289	SH		SOLE		89,289	0	0
ORACLE CORP	COM	68389X105	7,026	117,685	SH		SOLE		117,685	0	0
PAR PACIFIC HOLDINGS INC	COM NEW	69888T207	5,425	801,334	SH		SOLE		801,334	0	0
PAYPAL HLDGS INC	COM	70450Y103	660	3,348	SH		SOLE		3,348	0	0
PCSB FINL CORP	COM	69324R104	1,734	143,700	SH		SOLE		143,700	0	0
PERCEPTRON INC	COM	71361F100	180	26,400	SH		SOLE		26,400	0	0
PERMA-FIX ENVIRONMENTAL SVCS	COM NEW	714157203	564	80,000	SH		SOLE		80,000	0	0
PFIZER INC	COM	717081103	745	20,299	SH		SOLE		20,299	0	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	3,322	190,908	SH		SOLE		190,908	0	0
PHILIP MORRIS INTL INC	COM	718172109	234	3,120	SH		SOLE		3,120	0	0
PIMCO ENRGY TACTICAL CR OPP	COM SHS BEN INT	69346N107	4,140	668,887	SH		SOLE		668,887	0	0
PLUMAS BANCORP	COM	729273102	717	36,440	SH		SOLE		36,440	0	0
PORTMAN RIDGE FIN CORP	COM	73688F102	1,110	834,562	SH		SOLE		834,562	0	0
POSTAL REALTY TRUST INC	CL A	73757R102	3,469	229,120	SH		SOLE		229,120	0	0
POWERFLEET INC	COM	73931J109	3,680	653,556	SH		SOLE		653,556	0	0
PRGX GLOBAL INC	COM NEW	69357C503	4,769	1,001,848	SH		SOLE		1,001,848	0	0
PROCTER AND GAMBLE CO	COM	742718109	393	2,830	SH		SOLE		2,830	0	0
PRO-DEX INC COLO	COM NEW	74265M205	618	21,600	SH		SOLE		21,600	0	0
PZENA INVESTMENT MGMT INC	CLASS A	74731Q103	10,301	1,921,748	SH		SOLE		1,921,748	0	0
QUEST RESOURCE HLDG CORP	COM NEW	74836W203	219	115,000	SH		SOLE		115,000	0	0
RADNET INC	COM	750491102	10,176	662,962	SH		SOLE		662,962	0	0
RANPAK HOLDINGS CORP	COM CL A	75321W103	4,128	433,610	SH		SOLE		433,610	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	2,137	37,143	SH		SOLE		37,143	0	0
REAVES UTIL INCOME FD	COM SH BEN INT	756158101	3,986	127,402	SH		SOLE		127,402	0	0
REPUBLIC SVCS INC	COM	760759100	7,283	78,021	SH		SOLE		78,021	0	0
RF INDS LTD	COM PAR $0.01	749552105	1,554	350,000	SH		SOLE		350,000	0	0
RIVERNORTH DOUBLELINE STRATE	RIGHT 10/01/2020	76882G123	1	763,961	SH		SOLE		763,961	0	0
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	10,459	762,318	SH		SOLE		762,318	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	7,811	1,018,347	SH		SOLE		1,018,347	0	0
ROYCE VALUE TR INC	COM	780910105	9,494	751,089	SH		SOLE		751,089	0	0
SAFEGUARD SCIENTIFICS INC	COM NEW	786449207	1,901	346,830	SH		SOLE		346,830	0	0
SB FINL GROUP INC	COM	78408D105	3,809	282,343	SH		SOLE		282,343	0	0
SCRIPPS E W CO OHIO	CL A NEW	811054402	6,619	578,612	SH		SOLE		578,612	0	0
SELECT ENERGY SVCS INC	CL A COM	81617J301	1,728	450,092	SH		SOLE		450,092	0	0
SELECT INTERIOR CONCEPTS INC	CL A	816120307	271	39,300	SH		SOLE		39,300	0	0
SILVERCREST ASSET MGMT GROUP	CL A	828359109	3,860	369,006	SH		SOLE		369,006	0	0
SIMULATIONS PLUS INC	COM	829214105	7,830	103,900	SH		SOLE		103,900	0	0
SLEEP NUMBER CORP	COM	83125X103	9,299	190,117	SH		SOLE		190,117	0	0
SMTC CORP	COM NEW	832682207	880	243,000	SH		SOLE		243,000	0	0
SOLAR CAP LTD	COM	83413U100	6,964	439,374	SH		SOLE		439,374	0	0
SOLAR SR CAP LTD	COM	83416M105	133	10,525	SH		SOLE		10,525	0	0
SPDR GOLD TR	GOLD SHS	78463V107	680	3,837	SH		SOLE		3,837	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,636	4,884	SH		SOLE		4,884	0	0
SPOK HLDGS INC	COM	84863T106	5,580	586,698	SH		SOLE		586,698	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	6,721	111,062	SH		SOLE		111,062	0	0
STONECASTLE FINL CORP	COM	861780104	10,404	536,021	SH		SOLE		536,021	0	0
STONEX GROUP INC	COM	861896108	32,551	636,257	SH		SOLE		636,257	0	0
STRYKER CORPORATION	COM	863667101	263	1,261	SH		SOLE		1,261	0	0
SUPERIOR GRP OF COMPANIES IN	COM	868358102	3,893	167,593	SH		SOLE		167,593	0	0
TARGET CORP	COM	87612E106	10,409	66,125	SH		SOLE		66,125	0	0
TECHTARGET INC	COM	87874R100	11,899	270,686	SH		SOLE		270,686	0	0
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	8,736	423,653	SH		SOLE		423,653	0	0
TORTOISE ESSENTIAL ASSETS IN	COM SH BEN INT	89148A103	5,381	509,579	SH		SOLE		509,579	0	0
TORTOISE PIPELINE & ENERGY F	COM	89148H207	1,511	126,564	SH		SOLE		126,564	0	0
TRANSACT TECHNOLOGIES INC	COM	892918103	1,187	237,437	SH		SOLE		237,437	0	0
TRANSCAT INC	COM	893529107	7,956	271,540	SH		SOLE		271,540	0	0
UFP TECHNOLOGIES INC	COM	902673102	5,467	132,000	SH		SOLE		132,000	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	11,966	38,380	SH		SOLE		38,380	0	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	3,631	714,670	SH		SOLE		714,670	0	0
US BANCORP DEL	COM NEW	902973304	553	15,414	SH		SOLE		15,414	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	107	471	SH		SOLE		471	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1	4	SH		SOLE		4	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	9	57	SH		SOLE		57	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	319	2,883	SH		SOLE		2,883	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	83	488	SH		SOLE		488	0	0
VAREX IMAGING CORP	COM	92214X106	4,780	375,803	SH		SOLE		375,803	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	6,280	105,566	SH		SOLE		105,566	0	0
VIEMED HEALTHCARE INC	COM	92663R105	466	53,900	SH		SOLE		53,900	0	0
WASTE MGMT INC DEL	COM	94106L109	7,573	66,913	SH		SOLE		66,913	0	0
WAYSIDE TECHNOLOGY GROUP INC	COM	946760105	277	12,000	SH		SOLE		12,000	0	0
WELLS FARGO CO NEW	COM	949746101	239	10,160	SH		SOLE		10,160	0	0
WESTERN ASSET GLOBAL CP DEFI	COM	95790C107	6,432	388,378	SH		SOLE		388,378	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	6,283	447,833	SH		SOLE		447,833	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	5,889	206,498	SH		SOLE		206,498	0	0
XPEL INC	COM	98379L100	7,511	288,000	SH		SOLE		288,000	0	0
ZYNEX INC	COM	98986M103	7,147	409,575	SH		SOLE		409,575	0	0