Can holding in a sneeze cause a punctured lung?

Shouldn't : This shouldn't cause a punctured lung, but there are circumstances where it can. If the patient is predisposed to a spontaneous punctured lung (pneumothorax), then it might.

Not exactly: Maintaining a high pulmonary-lung pressure or an acute pressure with the sneeze could cause a prexisting bleb to rupture leading to pneumothorax. Puncture is more like a knife or ice pick than a "blowout" like a valsalva or sneeze situation.

Yes: If you have underlying lung disease like bleb formation you can cause high back pressure back into lung tissue and blow out of ruptured these bleb causing spontaneous pneumothorax.