As you can see, the entire holder is filled now and its holding approx 30 punches with room for a few more ,). The punches were sitting on a shelf and took up quite a bit of room. They take up a lot less space this way and are easily accessible.
EDITED TO ADD: The punches take up two spaces each. One for the top handle of the punch and one for the bottom handle of the punch. Each handle slipping into a separate space. You have to squeeze the handles together a little bit to slide into the space but this is better because when they bounce back they fit snuggly .