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
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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	4,870	671,781	SH		SOLE		671,781	0	0
3M CO	COM	88579Y101	2,691	15,341	SH		SOLE		15,341	0	0
ABBOTT LABS	COM	002824100	232	1,961	SH		SOLE		1,961	0	0
ABBVIE INC	COM	00287Y109	361	3,350	SH		SOLE		3,350	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	11,221	35,073	SH		SOLE		35,073	0	0
ACRES COMMERCIAL REALTY CORP	COM NEW	00489Q102	7,583	468,956	SH		SOLE		468,956	0	0
ADDUS HOMECARE CORP	COM	006739106	10,526	131,991	SH		SOLE		131,991	0	0
AGILYSYS INC	COM	00847J105	13,328	254,540	SH		SOLE		254,540	0	0
AGNC INVT CORP	COM	00123Q104	7,428	471,001	SH		SOLE		471,001	0	0
AIR PRODS & CHEMS INC	COM	009158106	271	1,057	SH		SOLE		1,057	0	0
AIRGAIN INC	COM	00938A104	1,077	85,400	SH		SOLE		85,400	0	0
ALAMO GROUP INC	COM	011311107	8,945	64,106	SH		SOLE		64,106	0	0
ALLIED MOTION TECHNOLOGIES I	COM	019330109	11,742	375,395	SH		SOLE		375,395	0	0
ALPHABET INC	CAP STK CL A	02079K305	152	57	SH		SOLE		57	0	0
ALPHABET INC	CAP STK CL C	02079K107	205	77	SH		SOLE		77	0	0
ALPS ETF TR	ALERIAN MLP	00162Q452	9,801	294,053	SH		SOLE		294,053	0	0
ALTA EQUIPMENT GROUP INC	COMMON STOCK	02128L106	12,222	890,178	SH		SOLE		890,178	0	0
AMERCO	COM	023586100	11,592	17,943	SH		SOLE		17,943	0	0
AMERICAS CAR-MART INC	COM	03062T105	3,929	33,642	SH		SOLE		33,642	0	0
AMERIPRISE FINL INC	COM	03076C106	9,618	36,414	SH		SOLE		36,414	0	0
AMGEN INC	COM	031162100	213	1,000	SH		SOLE		1,000	0	0
ANTHEM INC	COM	036752103	10,517	28,212	SH		SOLE		28,212	0	0
APPLE INC	COM	037833100	353	2,493	SH		SOLE		2,493	0	0
ARBOR REALTY TRUST INC	COM	038923108	8,906	480,623	SH		SOLE		480,623	0	0
ARCOSA INC	COM	039653100	9,091	181,204	SH		SOLE		181,204	0	0
ARES CAPITAL CORP	COM	04010L103	5,685	279,654	SH		SOLE		279,654	0	0
ARLINGTON ASSET INVST CORP	CL A NEW	041356205	4,493	1,214,315	SH		SOLE		1,214,315	0	0
ASPEN GROUP INC	COM NEW	04530L203	7,799	1,400,235	SH		SOLE		1,400,235	0	0
ASTRONOVA INC	COM	04638F108	7,061	469,190	SH		SOLE		469,190	0	0
AT&T INC	COM	00206R102	8,599	318,366	SH		SOLE		318,366	0	0
ATLAS CORP	SHARES	Y0436Q109	16,974	1,117,435	SH		SOLE		1,117,435	0	0
AUTOSCOPE TECHNOLOGIES CORP	COM	053306106	483	65,600	SH		SOLE		65,600	0	0
AVIAT NETWORKS INC	COM NEW	05366Y201	1,676	51,000	SH		SOLE		51,000	0	0
AVID BIOSERVICES INC	COM	05368M106	15,762	730,750	SH		SOLE		730,750	0	0
AWARE INC MASS	COM	05453N100	4,311	1,074,950	SH		SOLE		1,074,950	0	0
B. RILEY FINANCIAL INC	COM	05580M108	46,195	782,438	SH		SOLE		782,438	0	0
BK OF AMERICA CORP	COM	060505104	418	9,845	SH		SOLE		9,845	0	0
BAR HBR BANKSHARES	COM	066849100	9,903	353,040	SH		SOLE		353,040	0	0
BARINGS BDC INC	COM	06759L103	27,900	2,531,735	SH		SOLE		2,531,735	0	0
BCE INC	COM NEW	05534B760	8,767	175,131	SH		SOLE		175,131	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	411	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	12,008	43,996	SH		SOLE		43,996	0	0
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	2,646	506,955	SH		SOLE		506,955	0	0
BLACKSTONE STRATEGIC CREDIT	COM SHS BEN IN	09257R101	5,638	407,111	SH		SOLE		407,111	0	0
BLUELINX HLDGS INC	COM NEW	09624H208	30,726	628,601	SH		SOLE		628,601	0	0
BOEING CO	COM	097023105	8,750	39,784	SH		SOLE		39,784	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	495	11,411	SH		SOLE		11,411	0	0
BOULDER GROWTH & INCOME FD I	COM	101507101	10,859	828,287	SH		SOLE		828,287	0	0
BRIDGEWATER BANCSHARES INC	COM ACCD INV	108621103	12,030	687,062	SH		SOLE		687,062	0	0
BRIGHTVIEW HLDGS INC	COM	10948C107	7,141	483,785	SH		SOLE		483,785	0	0
BROADMARK RLTY CAP INC	COM	11135B100	6,996	709,485	SH		SOLE		709,485	0	0
BRUNSWICK CORP	COM	117043109	11,064	116,131	SH		SOLE		116,131	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	10,312	199,310	SH		SOLE		199,310	0	0
CALLAWAY GOLF CO	COM	131193104	24,223	876,695	SH		SOLE		876,695	0	0
CAPITAL SOUTHWEST CORP	COM	140501107	12,372	491,334	SH		SOLE		491,334	0	0
CARECLOUD INC	COM	14167R100	629	82,600	SH		SOLE		82,600	0	0
CARRIER GLOBAL CORPORATION	COM	14448C104	7,157	138,266	SH		SOLE		138,266	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	6,233	525,075	SH		SOLE		525,075	0	0
CELCUITY INC	COM	15102K100	1,080	60,000	SH		SOLE		60,000	0	0
CHANNELADVISOR CORP	COM	159179100	2,750	109,000	SH		SOLE		109,000	0	0
CHARLES & COLVARD LTD	COM	159765106	4,852	1,617,401	SH		SOLE		1,617,401	0	0
CHEVRON CORP NEW	COM	166764100	216	2,134	SH		SOLE		2,134	0	0
CINTAS CORP	COM	172908105	9,231	24,249	SH		SOLE		24,249	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	14,111	291,848	SH		SOLE		291,848	0	0
COMMUNICATIONS SYS INC	COM	203900105	1,332	154,000	SH		SOLE		154,000	0	0
CSW INDUSTRIALS INC	COM	126402106	11,906	93,235	SH		SOLE		93,235	0	0
CULP INC	COM	230215105	5,287	410,500	SH		SOLE		410,500	0	0
CVS HEALTH CORP	COM	126650100	6,137	72,315	SH		SOLE		72,315	0	0
DEERE & CO	COM	244199105	8,525	25,442	SH		SOLE		25,442	0	0
DELUXE CORP	COM	248019101	7,895	219,964	SH		SOLE		219,964	0	0
DHI GROUP INC	COM	23331S100	10,958	2,302,062	SH		SOLE		2,302,062	0	0
DIAMOND HILL INVT GROUP INC	COM NEW	25264R207	3,908	22,249	SH		SOLE		22,249	0	0
DIGI INTL INC	COM	253798102	26,994	1,284,211	SH		SOLE		1,284,211	0	0
DISNEY WALT CO	COM	254687106	13,626	80,546	SH		SOLE		80,546	0	0
DLH HLDGS CORP	COM	23335Q100	9,082	738,400	SH		SOLE		738,400	0	0
DOUBLELINE YIELD OPPORTUNITI	COM	25862D105	9,770	511,263	SH		SOLE		511,263	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	9,495	261,582	SH		SOLE		261,582	0	0
EATON VANCE TX ADV GLBL DIV	COM	27828S101	5,991	281,546	SH		SOLE		281,546	0	0
ECOFIN SUSTAINABLE AND SOCIA	COM SH BEN INT	27901F109	7,258	521,067	SH		SOLE		521,067	0	0
ECOLAB INC	COM	278865100	1,075	5,155	SH		SOLE		5,155	0	0
ELECTROMED INC	COM	285409108	4,725	436,735	SH		SOLE		436,735	0	0
EMERSON ELEC CO	COM	291011104	239	2,532	SH		SOLE		2,532	0	0
ENETI INC	COM	Y2294C107	4,583	274,405	SH		SOLE		274,405	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	11,346	48,338	SH		SOLE		48,338	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	8,341	321,065	SH		SOLE		321,065	0	0
ETSY INC	COM	29786A106	20,910	100,548	SH		SOLE		100,548	0	0
FARO TECHNOLOGIES INC	COM	311642102	10,440	158,638	SH		SOLE		158,638	0	0
FERRO CORP	COM	315405100	2,658	130,691	SH		SOLE		130,691	0	0
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	8,359	406,753	SH		SOLE		406,753	0	0
FIRST TR MLP & ENERGY INCOM	COM	33739B104	2,376	330,000	SH		SOLE		330,000	0	0
FIRST WESTN FINL INC	COM	33751L105	6,540	226,700	SH		SOLE		226,700	0	0
FISERV INC	COM	337738108	9,234	85,107	SH		SOLE		85,107	0	0
FLEXSTEEL INDS INC	COM	339382103	3,437	111,300	SH		SOLE		111,300	0	0
FRANCHISE GROUP INC	COM	35180X105	29,483	832,613	SH		SOLE		832,613	0	0
FRANKLIN COVEY CO	COM	353469109	20,425	500,731	SH		SOLE		500,731	0	0
GENERATIONS BANCORP NY INC	COM	37149G108	834	72,800	SH		SOLE		72,800	0	0
GENTHERM INC	COM	37253A103	12,313	152,138	SH		SOLE		152,138	0	0
GLOBAL SHIP LEASE INC NEW	COM CL A	Y27183600	54,857	2,313,653	SH		SOLE		2,313,653	0	0
GLOBE LIFE INC	COM	37959E102	393	4,410	SH		SOLE		4,410	0	0
GREEN BRICK PARTNERS INC	COM	392709101	24,926	1,214,705	SH		SOLE		1,214,705	0	0
HACKETT GROUP INC	COM	404609109	24,142	1,230,461	SH		SOLE		1,230,461	0	0
HARVARD BIOSCIENCE INC	COM	416906105	11,320	1,621,775	SH		SOLE		1,621,775	0	0
HEALTHSTREAM INC	COM	42222N103	15,444	540,395	SH		SOLE		540,395	0	0
HENNESSY ADVISORS INC	COM	425885100	125	12,980	SH		SOLE		12,980	0	0
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	9,318	321,548	SH		SOLE		321,548	0	0
HERITAGE GLOBAL INC	COM	42727E103	4,511	2,301,530	SH		SOLE		2,301,530	0	0
HOOKER FURNISHINGS CORPORATI	COM	439038100	16,298	603,849	SH		SOLE		603,849	0	0
HORMEL FOODS CORP	COM	440452100	4,427	107,964	SH		SOLE		107,964	0	0
LUMENT FINANCE TRUST INC	COM	55025L108	1,929	487,078	SH		SOLE		487,078	0	0
IAC INTERACTIVECORP NEW	COM NEW	44891N208	8,684	66,648	SH		SOLE		66,648	0	0
IEC ELECTRS CORP NEW	COM	44949L105	6,778	442,114	SH		SOLE		442,114	0	0
INDUS REALTY TRUST INC	COM	45580R103	373	5,315	SH		SOLE		5,315	0	0
INFUSYSTEM HLDGS INC	COM	45685K102	8,463	649,480	SH		SOLE		649,480	0	0
INTEL CORP	COM	458140100	792	14,872	SH		SOLE		14,872	0	0
INVACARE CORP	COM	461203101	5,558	1,167,725	SH		SOLE		1,167,725	0	0
ISHARES TR	BARCLAYS 7 10 YR	464287440	5	45	SH		SOLE		45	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	4,749	76,893	SH		SOLE		76,893	0	0
ISHARES TR	CORE MSCI EURO	46434V738	3,530	62,975	SH		SOLE		62,975	0	0
ISHARES TR	CORE S&P500 ETF	464287200	114	265	SH		SOLE		265	0	0
ISHARES TR	CORE S&P SCP ETF	464287804	130	1,195	SH		SOLE		1,195	0	0
ISHARES TR	CORE S&P TTL STK	464287150	64	650	SH		SOLE		650	0	0
ISHARES TR	CORE US AGGBD ET	464287226	45	390	SH		SOLE		390	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	8	90	SH		SOLE		90	0	0
ISHARES TR	MICRO-CAP ETF	464288869	73	505	SH		SOLE		505	0	0
ISHARES TR	MRGSTR MD CP GRW	464288307	986	14,316	SH		SOLE		14,316	0	0
ISHARES TR	MSCI KLD400 SOC	464288570	40	478	SH		SOLE		478	0	0
ISHARES TR	MSCI USA ESG SLC	464288802	73	761	SH		SOLE		761	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	21	75	SH		SOLE		75	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	2	12	SH		SOLE		12	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	54	245	SH		SOLE		245	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	28,456	385,011	SH		SOLE		385,011	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	7,157	49,217	SH		SOLE		49,217	0	0
ISHARES TR	S&P MC 400GR ETF	464287606	24	300	SH		SOLE		300	0	0
ISHARES TR	S&P MC 400VL ETF	464287705	26	250	SH		SOLE		250	0	0
ISHARES TR	SELECT DIVID ETF	464287168	22	191	SH		SOLE		191	0	0
ISHARES TR	US OIL EQ&SV ETF	464288844	15	1,076	SH		SOLE		1,076	0	0
ISSUER DIRECT CORP	COM NEW	46520M204	1,190	45,500	SH		SOLE		45,500	0	0
JOHNSON & JOHNSON	COM	478160104	9,838	60,914	SH		SOLE		60,914	0	0
JPMORGAN CHASE & CO	COM	46625H100	12,288	75,068	SH		SOLE		75,068	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	11,804	458,050	SH		SOLE		458,050	0	0
KIMBERLY-CLARK CORP	COM	494368103	216	1,634	SH		SOLE		1,634	0	0
KINDER MORGAN INC DEL	COM	49456B101	9,016	538,922	SH		SOLE		538,922	0	0
KINGSTONE COS INC	COM	496719105	4,928	742,100	SH		SOLE		742,100	0	0
LAWSON PRODS INC	COM	520776105	5,510	110,185	SH		SOLE		110,185	0	0
LILLY ELI & CO	COM	532457108	2,557	11,068	SH		SOLE		11,068	0	0
LINCOLN EDL SVCS CORP	COM	533535100	7,707	1,152,054	SH		SOLE		1,152,054	0	0
LITHIA MTRS INC	COM	536797103	12,306	38,815	SH		SOLE		38,815	0	0
LOGAN RIDGE FINANCE CORP	COM	541098109	1,364	53,065	SH		SOLE		53,065	0	0
LUNA INNOVATIONS INC	COM	550351100	8,997	947,050	SH		SOLE		947,050	0	0
MADDEN STEVEN LTD	COM	556269108	7,270	181,030	SH		SOLE		181,030	0	0
MALIBU BOATS INC	COM CL A	56117J100	16,202	231,517	SH		SOLE		231,517	0	0
MASTERCRAFT BOAT HLDGS INC	COM	57637H103	13,662	544,730	SH		SOLE		544,730	0	0
MCDONALDS CORP	COM	580135101	453	1,880	SH		SOLE		1,880	0	0
MEDTRONIC PLC	SHS	G5960L103	389	3,100	SH		SOLE		3,100	0	0
MICROSOFT CORP	COM	594918104	17,197	61,000	SH		SOLE		61,000	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	4,132	221,550	SH		SOLE		221,550	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	235	1,012	SH		SOLE		1,012	0	0
NORTHERN TECHNOLOGIES INTL C	COM	665809109	6,871	452,039	SH		SOLE		452,039	0	0
NOVANTA INC	COM	67000B104	8,901	57,612	SH		SOLE		57,612	0	0
NVE CORP	COM NEW	629445206	6,202	96,955	SH		SOLE		96,955	0	0
OAKTREE SPECIALTY LENDING CO	COM	67401P108	9,937	1,407,447	SH		SOLE		1,407,447	0	0
OIL DRI CORP AMER	COM	677864100	3,707	105,903	SH		SOLE		105,903	0	0
OPORTUN FINL CORP	COM	68376D104	20,683	826,340	SH		SOLE		826,340	0	0
ORACLE CORP	COM	68389X105	10,355	118,847	SH		SOLE		118,847	0	0
PAR PAC HOLDINGS INC	COM NEW	69888T207	15,651	995,588	SH		SOLE		995,588	0	0
PAYPAL HLDGS INC	COM	70450Y103	871	3,348	SH		SOLE		3,348	0	0
PERFORMANT FINL CORP	COM	71377E105	1,089	275,000	SH		SOLE		275,000	0	0
PERMA-FIX ENVIRONMENTAL SVCS	COM NEW	714157203	2,981	448,250	SH		SOLE		448,250	0	0
PFIZER INC	COM	717081103	844	19,617	SH		SOLE		19,617	0	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	8,007	371,749	SH		SOLE		371,749	0	0
PIMCO ENERGY & TACTICAL CR O	COM SHS BEN INT	69346N107	12,109	991,704	SH		SOLE		991,704	0	0
PLUMAS BANCORP	COM	729273102	968	30,640	SH		SOLE		30,640	0	0
PORTMAN RIDGE FIN CORP	COM NEW	73688F201	2,220	91,183	SH		SOLE		91,183	0	0
POSTAL REALTY TRUST INC	CL A	73757R102	3,928	210,705	SH		SOLE		210,705	0	0
POTBELLY CORP	COM	73754Y100	5,360	790,575	SH		SOLE		790,575	0	0
POWERFLEET INC	COM	73931J109	3,406	508,356	SH		SOLE		508,356	0	0
PROCTER AND GAMBLE CO	COM	742718109	368	2,632	SH		SOLE		2,632	0	0
PRO-DEX INC COLO	COM NEW	74265M205	899	35,030	SH		SOLE		35,030	0	0
PZENA INVT MGMT INC	CLASS A	74731Q103	18,758	1,906,265	SH		SOLE		1,906,265	0	0
QUEST RESOURCE HLDG CORP	COM NEW	74836W203	1,476	242,000	SH		SOLE		242,000	0	0
RADNET INC	COM	750491102	21,246	724,888	SH		SOLE		724,888	0	0
RANPAK HOLDINGS CORP	COM CL A	75321W103	18,338	683,725	SH		SOLE		683,725	0	0
REPUBLIC SVCS INC	COM	760759100	9,346	77,846	SH		SOLE		77,846	0	0
RESEARCH SOLUTIONS INC	COM	761025105	807	308,000	SH		SOLE		308,000	0	0
RF INDS LTD	COM PAR $0.01	749552105	4,126	506,300	SH		SOLE		506,300	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	4,451	389,732	SH		SOLE		389,732	0	0
ROYCE VALUE TR INC	COM	780910105	6,289	348,989	SH		SOLE		348,989	0	0
SB FINL GROUP INC	COM	78408D105	5,740	315,669	SH		SOLE		315,669	0	0
SCRIPPS E W CO OHIO	CL A NEW	811054402	14,967	828,738	SH		SOLE		828,738	0	0
SELECT INTERIOR CONCEPTS INC	CL A	816120307	6,201	430,000	SH		SOLE		430,000	0	0
SEMLER SCIENTIFIC INC	COM	81684M104	18,422	147,339	SH		SOLE		147,339	0	0
SILVERCREST ASSET MGMT GROUP	CL A	828359109	7,644	490,630	SH		SOLE		490,630	0	0
SLEEP NUMBER CORP	COM	83125X103	12,925	138,269	SH		SOLE		138,269	0	0
SMITH MIDLAND CORP	COM	832156103	437	31,500	SH		SOLE		31,500	0	0
SLR INVESTMENT CORP	COM	83413U100	7,897	412,802	SH		SOLE		412,802	0	0
SLR SENIOR INVESTMENT CORP	COM	83416M105	186	12,050	SH		SOLE		12,050	0	0
SPDR GOLD TR	GOLD SHS	78463V107	411	2,500	SH		SOLE		2,500	0	0
SPDR SER TR	PRTFLO S&P500 HI	78468R788	279	7,143	SH		SOLE		7,143	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,799	4,193	SH		SOLE		4,193	0	0
SPROUTS FMRS MKT INC	COM	85208M102	11,886	512,995	SH		SOLE		512,995	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	7,419	106,895	SH		SOLE		106,895	0	0
STONECASTLE FINL CORP	COM	861780104	9,527	432,079	SH		SOLE		432,079	0	0
STONEX GROUP INC	COM	861896108	39,352	597,141	SH		SOLE		597,141	0	0
STREAMLINE HEALTH SOLUTIONS	COM	86323X106	2,979	1,702,000	SH		SOLE		1,702,000	0	0
STRYKER CORPORATION	COM	863667101	350	1,329	SH		SOLE		1,329	0	0
SUPERIOR GROUP OF CO INC	COM	868358102	3,013	129,375	SH		SOLE		129,375	0	0
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	5,196	2,165,000	SH		SOLE		2,165,000	0	0
TARGET CORP	COM	87612E106	12,363	54,041	SH		SOLE		54,041	0	0
TECHTARGET INC	COM	87874R100	16,875	204,740	SH		SOLE		204,740	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	7,469	13,073	SH		SOLE		13,073	0	0
TILE SHOP HLDGS INC	COM	88677Q109	5,700	743,102	SH		SOLE		743,102	0	0
TORTOISE PIPELINE & ENERGY F	COM	89148H207	2,441	101,916	SH		SOLE		101,916	0	0
TRANSACT TECHNOLOGIES INC	COM	892918103	3,461	248,995	SH		SOLE		248,995	0	0
TRANSCAT INC	COM	893529107	12,006	186,200	SH		SOLE		186,200	0	0
UFP TECHNOLOGIES INC	COM	902673102	7,200	116,894	SH		SOLE		116,894	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	14,997	38,382	SH		SOLE		38,382	0	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	7,104	1,050,870	SH		SOLE		1,050,870	0	0
US BANCORP DEL	COM NEW	902973304	913	15,354	SH		SOLE		15,354	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	137	471	SH		SOLE		471	0	0
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	370	3,583	SH		SOLE		3,583	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	4	15	SH		SOLE		15	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	11	45	SH		SOLE		45	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	10	95	SH		SOLE		95	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	16	40	SH		SOLE		40	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000VAL	92206C714	223	3,250	SH		SOLE		3,250	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	9	40	SH		SOLE		40	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	761	4,494	SH		SOLE		4,494	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	50	225	SH		SOLE		225	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	5,580	103,321	SH		SOLE		103,321	0	0
VIMEO INC	COMMON STOCK	92719V100	1,836	62,497	SH		SOLE		62,497	0	0
VIRTUS ALLIANZGI CONVERTIBLE	COM	92838R105	9,530	922,547	SH		SOLE		922,547	0	0
VONTIER CORPORATION	COM	928881101	322	9,590	SH		SOLE		9,590	0	0
WASTE MGMT INC DEL	COM	94106L109	9,761	65,355	SH		SOLE		65,355	0	0
WAYSIDE TECHNOLOGY GROUP INC	COM	946760105	1,533	56,950	SH		SOLE		56,950	0	0
WELLS FARGO CO NEW	COM	949746101	472	10,160	SH		SOLE		10,160	0	0
WESTERN ASSET GLOBAL CORP DE	COM	95790C107	7,268	403,099	SH		SOLE		403,099	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	10,224	641,782	SH		SOLE		641,782	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	6,534	183,706	SH		SOLE		183,706	0	0
WILLIAMS COS INC	COM	969457100	9,144	352,494	SH		SOLE		352,494	0	0
XPEL INC	COM	98379L100	9,710	128,000	SH		SOLE		128,000	0	0
ZYNEX INC	COM	98986M103	5,469	480,185	SH		SOLE		480,185	0	0