Here is an in-line approach
Example
Declare @YourTable table (SomeCol varchar(max))
Insert Into @YourTable values
('SC 5-1395-174-25P'),
('SC 1-2134-123-ABC C1-2'),
('SC 12-5245-1247-14&P'),
('SC ABCD-2525-120')
Select B.*
From @YourTable A
Cross Apply (
Select Pos1 = ltrim(rtrim(xDim.value('/x[1]','varchar(max)')))
,Pos2 = ltrim(rtrim(xDim.value('/x[2]','varchar(max)')))
,Pos3 = ltrim(rtrim(xDim.value('/x[3]','varchar(max)')))
,Pos4 = ltrim(rtrim(xDim.value('/x[4]','varchar(max)')))
,Pos5 = ltrim(rtrim(xDim.value('/x[5]','varchar(max)')))
,Pos6 = ltrim(rtrim(xDim.value('/x[6]','varchar(max)')))
,Pos7 = ltrim(rtrim(xDim.value('/x[7]','varchar(max)')))
From (Select Cast('<x>' + replace((Select replace(replace(A.SomeCol,' ','-'),'-','§§Split§§') as [*] For XML Path('')),'§§Split§§','</x><x>')+'</x>' as xml) as xDim) as A
) B
Returns
EDIT
1) Create Your Table
CREATE TABLE MyNewPubTable (PUB_FORM_NUM NVARCHAR(50) , COL1 NVARCHAR(10) , COL2 NVARCHAR(10) , COL3 NVARCHAR(10) , COL4 NVARCHAR(10) , COL5 NVARCHAR(10) , COL6 NVARCHAR(10) , COL7 NVARCHAR(10))
2) Execute the Query
Declare @YourTable table (PUB_FORM_NUM varchar(max))
Insert Into @YourTable values
('SC 5-1395-174-25P'),
('SC 1-2134-123-ABC C1-2'),
('SC 12-5245-1247-14&P'),
('SC ABCD-2525-120')
Insert Into MyNewPubTable
Select A.PUB_FORM_NUM
,B.*
From @YourTable A
Cross Apply (
Select Pos1 = ltrim(rtrim(xDim.value('/x[1]','varchar(max)')))
,Pos2 = ltrim(rtrim(xDim.value('/x[2]','varchar(max)')))
,Pos3 = ltrim(rtrim(xDim.value('/x[3]','varchar(max)')))
,Pos4 = ltrim(rtrim(xDim.value('/x[4]','varchar(max)')))
,Pos5 = ltrim(rtrim(xDim.value('/x[5]','varchar(max)')))
,Pos6 = ltrim(rtrim(xDim.value('/x[6]','varchar(max)')))
,Pos7 = ltrim(rtrim(xDim.value('/x[7]','varchar(max)')))
From (Select Cast('<x>' + replace((Select replace(replace(A.PUB_FORM_NUM,' ','-'),'-','§§Split§§') as [*] For XML Path('')),'§§Split§§','</x><x>')+'</x>' as xml) as xDim) as A
) B
3) Review the Results
Select * From MyNewPubTable
Edit 2
Or you can create the table on the fly
Declare @YourTable table (PUB_FORM_NUM varchar(max))
Insert Into @YourTable values
('SC 5-1395-174-25P'),
('SC 1-2134-123-ABC C1-2'),
('SC 12-5245-1247-14&P'),
('SC ABCD-2525-120')
Select A.PUB_FORM_NUM
,B.*
Into MyNewPubTable
From @YourTable A
Cross Apply (
Select Pos1 = ltrim(rtrim(xDim.value('/x[1]','varchar(max)')))
,Pos2 = ltrim(rtrim(xDim.value('/x[2]','varchar(max)')))
,Pos3 = ltrim(rtrim(xDim.value('/x[3]','varchar(max)')))
,Pos4 = ltrim(rtrim(xDim.value('/x[4]','varchar(max)')))
,Pos5 = ltrim(rtrim(xDim.value('/x[5]','varchar(max)')))
,Pos6 = ltrim(rtrim(xDim.value('/x[6]','varchar(max)')))
,Pos7 = ltrim(rtrim(xDim.value('/x[7]','varchar(max)')))
From (Select Cast('<x>' + replace((Select replace(replace(A.PUB_FORM_NUM,' ','-'),'-','§§Split§§') as [*] For XML Path('')),'§§Split§§','</x><x>')+'</x>' as xml) as xDim) as A
) B
Select * From MyNewPubTable