Heritage Global Inc. (HGBL)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Punch & Associates Investment Management, Inc.	2,454,467	$5,350,738	0.35%
2.	Mink Brook Asset Management Llc	1,867,021	$4,070,106	4.28%
3.	Vanguard Group Inc	1,848,351	$4,029,405	0%
4.	Koshinski Asset Management, Inc.	922,304	$2,010,623	0.17%
5.	Journey Advisory Group, Llc	720,667	$1,571,055	0.13%