PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

Position in SE — Sea Ltd

CIK 1238990 EDINA, MN

Position in SE

as of Mar 31, 2026 · filed May 15, 2026 Compact

Position Value

$11,004,289

New position

Shares Held

132,886

first reported quarter

Ownership

0.022%

of shares outstanding

% of Portfolio

0.65%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2026

1 quarter on record

Voting authority Sole 100% Shared 0% None 0%

Consumer Cyclical · as of Mar 31, 2026

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. holds $55,338,192 across 3 Internet Retail names. SE ranks #3 (19.9% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	LQDT	Liquidity Services Inc	920,394	$28,136,444
2	MELI	Mercadolibre Inc	9,368	$16,197,459
3	SE	Sea Ltd This page	132,886	$11,004,289

1 filing row on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$11,004,289	132,886	—	Shares	Sole	2026-05-15
No filing history on record for this holder in this stock.