PenderFund Capital Management

PenderFund Capital Management as of Sept. 30, 2025

Portfolio Holdings for PenderFund Capital Management

PenderFund Capital Management holds 207 positions in its portfolio as reported in the September 2025 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
First Majestic Silver Corp Note 0.375% 1/1 (Principal) 8.0 $48M 44M 1.08
Abrdn Platinum Etf Trust Physcl Platm Shs (PPLT) 7.3 $43M 302k 142.88
Equinox Gold Corp equities (EQX) 7.3 $43M 3.8M 11.20
Duke Energy Corp Note 4.125% 4/1 (Principal) 5.9 $35M 32M 1.09
Ssr Mining In Note 2.500% 4/0 (Principal) 4.7 $28M 20M 1.41
Equinox Gold Corp Note 4.750%10/1 (Principal) 4.0 $24M 12M 1.95
Southern Note 4.500% 6/1 (Principal) 3.8 $23M 20M 1.13
Pdd Holdings Note 12/0 (Principal) 3.1 $18M 19M 0.99
Esperion Therapeutics (ESPR) 3.0 $18M 6.7M 2.65
Beyond Meat Note 3/1 (Principal) 2.8 $17M 94M 0.18
Nio Note 3.875%10/1 (Principal) 2.8 $17M 15M 1.09
Wolfspeed Note 1.750% 5/0 (Principal) 2.5 $15M 25M 0.59
PAR Technology Corporation (PAR) 2.5 $15M 373k 39.58
Cardlytics Note 4.250% 4/0 (Principal) 2.5 $15M 28M 0.53
Wolfspeed Note 1.875%12/0 (Principal) 2.4 $15M 25M 0.59
Teucrium Commodity Tr Wheat Fd 2.4 $14M 3.5M 4.11
Sangoma Technologies Corp Com New (SANG) 2.4 $14M 2.8M 4.97
Magnite Note 0.250% 3/1 (Principal) 2.3 $14M 14M 0.98
Opko Health Note 3.750% 1/1 (Principal) 1.9 $11M 7.3M 1.52
Wolfspeed Note 0.250% 2/1 (Principal) 1.8 $11M 18M 0.59
Ishares Silver Tr Ishares (SLV) 1.8 $11M 250k 42.37
Telesat Corp Cl A & Cl B Shs (TSAT) 1.8 $11M 410k 25.65
Sprott Asset Management Physical Silver (PSLV) 1.8 $10M 665k 15.70
Ppl Cap Fdg Note 2.875% 3/1 (Principal) 1.7 $10M 9.0M 1.14
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 1.5 $8.9M 1.0M 8.89
Burford Cap Ord Shs (BUR) 1.5 $8.9M 745k 11.96
Txnm Energy Note 5.750% 6/0 (Principal) 1.3 $7.8M 5.9M 1.33
Nio Note 4.625%10/1 (Principal) 1.3 $7.7M 7.2M 1.07
Forum Energy Technologies In (FET) 1.2 $6.9M 260k 26.71
Northern Oil & Gas Note 3.625% 4/1 (Principal) 0.9 $5.1M 5.0M 1.02
Airbnb Note 3/1 (Principal) 0.8 $4.9M 5.0M 0.98
Evolent Health Debt 4.500% 8/1 (Principal) 0.7 $4.0M 4.0M 1.01
Esperion Therapeutics Inc Ne Note 4.000%11/1 (Principal) 0.5 $3.0M 3.0M 1.01
Evolent Health Note 3.500%12/0 (Principal) 0.4 $2.5M 3.0M 0.82
Deckers Outdoor Corporation (DECK) 0.4 $2.4M 24k 101.37
Ero Copper Corp (ERO) 0.4 $2.4M 120k 19.75
Brookfield Corp Cl A Ltd Vt Sh (BN) 0.4 $2.1M 31k 68.61
International Flavors & Fragrances (IFF) 0.4 $2.1M 34k 61.54
Hexcel Corporation (HXL) 0.3 $2.0M 32k 62.70
Adecoagro S A (AGRO) 0.3 $2.0M 250k 7.84
Molina Healthcare (MOH) 0.3 $1.9M 10k 191.36
Stoneco Com Cl A (STNE) 0.3 $1.9M 100k 18.91
Kennedy-Wilson Holdings (KW) 0.3 $1.5M 179k 8.32
Nexgen Energy (NXE) 0.2 $1.4M 159k 8.95
Kkr & Co (KKR) 0.2 $1.3M 10k 129.95
Maravai Lifesciences Hldgs I Com Cl A (MRVI) 0.2 $1.2M 420k 2.87
Evercore Class A (EVR) 0.2 $1.0M 3.0k 337.32
Markel Corporation (MKL) 0.2 $984k 515.00 1911.36
Danaher Corporation (DHR) 0.2 $932k 4.7k 198.26
Microchip Technology (MCHP) 0.2 $922k 14k 64.22
Brookfield Renewable Partner Partnership Unit (BEP) 0.1 $773k 30k 25.77
Americas Gold And Silver Cor Com New (USAS) 0.1 $771k 207k 3.73
Lithia Motors (LAD) 0.1 $758k 2.4k 316.00
Western Asst Infltn Lkd Inm Com Sh Ben Int (WIA) 0.1 $749k 89k 8.41
Drugs Made In Amer Acq Ii Unit 09/16/2030 (DMIIU) 0.1 $681k 69k 9.95
Western Copper And Gold Cor (WRN) 0.1 $632k 319k 1.98
Launch One Acquisition Corp Shs Class A (LPAA) 0.1 $631k 60k 10.52
Isoenergy Com New (ISOU) 0.1 $611k 61k 10.07
Morgan Stanley Emerging Markets Domestic (EDD) 0.1 $567k 106k 5.36
Sandstorm Gold Com New (SAND) 0.1 $532k 43k 12.52
Waste Connections (WCN) 0.1 $527k 3.0k 175.80
Ats (ATS) 0.1 $523k 20k 26.16
Clarivate Ord Shs (CLVT) 0.1 $506k 132k 3.83
B2gold Corp (BTG) 0.1 $494k 100k 4.94
Amc Networks Note 4.250% 2/1 (Principal) 0.1 $482k 501k 0.96
Mr Cooper Group 0.1 $443k 2.1k 210.79
Verona Pharma Sponsored Ads (VRNA) 0.1 $416k 3.9k 106.71
Vimeo Common Stock (VMEO) 0.1 $411k 53k 7.75
Chart Industries (GTLS) 0.1 $400k 2.0k 200.15
Cyberark Software SHS (CYBR) 0.1 $387k 800.00 483.15
Spdr Series Trust S&p Regl Bkg (KRE) 0.1 $380k 6.0k 63.30
Soho House & Co Com Cl A 0.1 $380k 43k 8.85
HudBay Minerals (HBM) 0.1 $379k 25k 15.15
Titan Acquisition Corp Unit 04/09/2030 (TACHU) 0.1 $377k 37k 10.30
Vizsla Silver Corp Com New (VZLA) 0.1 $359k 83k 4.32
Alamos Gold New Com Cl A (AGI) 0.1 $349k 10k 34.86
Webster Financial Corporation (WBS) 0.1 $347k 5.8k 59.44
Big 5 Sporting Goods Corporation 0.1 $344k 239k 1.44
Lensar (LNSR) 0.1 $334k 27k 12.35
Mac Copper Ord Shs (MTAL) 0.1 $323k 27k 12.21
Soulpower Acquisition Corp Unit 99/99/9999 (SOUL.U) 0.1 $319k 30k 10.60
Solarius Capital Acqu Corp Unit 07/10/2030 (SOCAU) 0.1 $307k 29k 10.54
Performant Finl (PHLT) 0.1 $306k 40k 7.73
D. Boral Arc Acq I Corp. Unit 07/23/2030 (BCARU) 0.0 $294k 29k 10.00
City Office Reit 0.0 $294k 42k 6.96
Mastercard Incorporated Cl A (MA) 0.0 $284k 500.00 568.81
Xenon Pharmaceuticals (XENE) 0.0 $275k 6.9k 40.15
Vine Hill Cap Invt Corp. Ord Shs Cl A 0.0 $268k 25k 10.71
Jabil Circuit (JBL) 0.0 $264k 1.2k 217.17
Sim Acquisition Corp. I Shs Cl A (SIMA) 0.0 $263k 25k 10.50
Zimvie (ZIMV) 0.0 $260k 14k 18.94
Astrazeneca Sponsored Adr 0.0 $256k 3.3k 76.72
Thayer Ventures Acq Corp Ii Unit 05/15/2030 (TVAIU) 0.0 $255k 25k 10.20
WNS HLDGS Com Shs (WNS) 0.0 $252k 3.3k 76.27
Sizzle Acquisition Corp. Ii Unit 99/99/9999 (SZZLU) 0.0 $251k 24k 10.26
Blue Wtr Acquisition Corp. I Unit 05/23/2030 (BLUWU) 0.0 $249k 25k 10.09
PNM Resources (TXNM) 0.0 $249k 4.4k 56.55
Cartesian Growth Corp Iii Unit 02/28/2032 (CGCTU) 0.0 $245k 24k 10.17
Copa Holdings Sa Cl A (CPA) 0.0 $243k 2.0k 118.82
Intelligent Sys Corp (CCRD) 0.0 $232k 8.6k 26.92
Ib Acquisition Corp Com Shs (IBAC) 0.0 $230k 22k 10.52
Avidxchange Holdings (AVDX) 0.0 $230k 23k 9.95
LSI Industries (LYTS) 0.0 $230k 9.7k 23.61
Provident Bancorp Com New (PVBC) 0.0 $229k 18k 12.53
Laredo Petroleum (VTLE) 0.0 $226k 13k 16.89
Informatica Com Cl A (INFA) 0.0 $226k 9.1k 24.84
Emeren Group Sponsored Ads (SOL) 0.0 $216k 114k 1.89
Eqv Ventures Ac Corp. Ii Unit 06/30/2032 (EVAC.U) 0.0 $200k 20k 10.01
Best Spac I Acquisition Corp Unit 05/27/2030 (BSAAU) 0.0 $188k 19k 10.16
Potbelly (PBPB) 0.0 $186k 11k 17.04
Allete Com New (ALE) 0.0 $185k 2.8k 66.40
Highview Merger Corp Unit 07/24/2030 (HVMCU) 0.0 $182k 18k 10.12
ProAssurance Corporation (PRA) 0.0 $180k 7.5k 23.99
Mckinley Acquisition Corp Unit 07/25/2030 (MKLYU) 0.0 $180k 18k 9.99
Pioneer Acquisition I Corp Unit 06/16/2030 (PACHU) 0.0 $175k 17k 10.05
Premier Cl A (PINC) 0.0 $172k 6.2k 27.80
Mural Oncology Pub Co Ord Shs (MURA) 0.0 $171k 83k 2.07
Cantaloupe (CTLP) 0.0 $171k 16k 10.57
Cenovus Energy (CVE) 0.0 $170k 10k 16.98
Merus N V (MRUS) 0.0 $170k 1.8k 94.15
Crane Hbr Acquisition Corp Unit 99/99/9999 0.0 $167k 15k 11.37
Fidelity National Financial Com Shs (FNF) 0.0 $163k 2.7k 60.49
Harborone Bancorp Com New (HONE) 0.0 $159k 12k 13.60
Taskus Class A Com (TASK) 0.0 $157k 8.8k 17.85
Cross Country Healthcare (CCRN) 0.0 $152k 11k 14.20
New Providence Acquisition C Unit 99/99/9999 (NPACU) 0.0 $151k 15k 10.28
Tourmaline Bio (TRML) 0.0 $144k 3.0k 47.83
89bio (ETNB) 0.0 $138k 9.4k 14.70
International Money Express (IMXI) 0.0 $133k 9.5k 13.97
Hanesbrands (HBI) 0.0 $125k 19k 6.59
Guild Hldgs Cl A (GHLD) 0.0 $124k 6.2k 19.94
American Woodmark Corporation (AMWD) 0.0 $120k 1.8k 66.76
PROS Holdings (PRO) 0.0 $117k 5.1k 22.91
Mrc Global Inc cmn (MRC) 0.0 $115k 8.0k 14.42
Graf Global Corp Ord Shs Cl A (GRAF) 0.0 $105k 10k 10.54
Fifth Era Acquisition Corp I Unit 99/99/9999 (FERAU) 0.0 $105k 10k 10.43
M3-brigade Acquisition Vi Unit 08/18/2030 (MBVIU) 0.0 $105k 10k 10.12
Perimeter Acquisition Corp I Unit 05/13/2030 (PMTRU) 0.0 $105k 10k 10.50
Wen Acquisition Corp Unit 05/16/2030 (WENNU) 0.0 $104k 10k 10.43
Trailblazer Acquisition Corp Unit 08/21/2030 (BLZRU) 0.0 $103k 10k 10.25
Cantor Equity Partners Iv In Shs Cl A (CEPF) 0.0 $102k 10k 10.19
Steelcase Cl A (SCS) 0.0 $102k 5.9k 17.20
Lightwave Acquisition Corp Unit 06/06/2030 (LWACU) 0.0 $100k 10k 10.04
Orion Office Reit Inc-w/i (ONL) 0.0 $100k 37k 2.70
Galata Acquisition Corp Ii Unit 09/12/2030 (LATAU) 0.0 $100k 10k 9.98
Chenghe Acquisition Iii Unit 09/09/2030 (CHECU) 0.0 $100k 10k 9.98
Smart Sh Global Ads (EM) 0.0 $99k 73k 1.35
Wideopenwest (WOW) 0.0 $98k 19k 5.16
Ceridian Hcm Hldg 0.0 $96k 1.4k 68.89
Gitlab Class A Com (GTLB) 0.0 $95k 2.1k 45.08
Verint Systems (VRNT) 0.0 $93k 4.6k 20.25
Integral Ad Science Hldng (IAS) 0.0 $93k 9.1k 10.17
Telus Intl Cda Sub Vtg Shs (TIXT) 0.0 $75k 17k 4.48
Jfrog Ord Shs (FROG) 0.0 $71k 1.5k 47.33
Aspen Insurance Holdings Ord Shs Cl A (AHL) 0.0 $70k 1.9k 36.71
Advisorshares Tr Pure Us Cannabis (MSOS) 0.0 $65k 14k 4.79
Tegna 0.0 $59k 2.9k 20.33
Air Lease Corp Cl A 0.0 $59k 926.00 63.65
Realogy Hldgs 0.0 $58k 5.5k 10.59
Futurecrest Acquisition Corp Unit 99/99/9999 (FCRS.U) 0.0 $53k 5.0k 10.60
Inflection Pt Acquisition Unit 03/01/2027 (IPCXU) 0.0 $53k 5.0k 10.50
Voyager Acquisition Corp Cl A (VACH) 0.0 $53k 5.0k 10.50
1rt Acquisition Corp. Unit 06/26/2030 (ONCHU) 0.0 $53k 5.0k 10.49
Republic Digital Acquisition Unit 99/99/9999 (RDAGU) 0.0 $52k 5.0k 10.48
Figx Cap Acquisition Corp. Unit 06/17/2030 (FIGXU) 0.0 $50k 5.0k 10.07
Oxley Bridge Acq Unit 06/17/2030 (OBAWU) 0.0 $50k 5.0k 10.05
Hologic 0.0 $47k 700.00 67.49
Profound Med Corp Com New (PROF) 0.0 $46k 9.4k 4.89
Canada Goose Hldgs Shs Sub Vtg (GOOS) 0.0 $45k 3.3k 13.77
Cantor Equity Partners Iii I Shs Cl A (CAEP) 0.0 $41k 4.0k 10.32
Brookfield Business Partners Unit Ltd L P 0.0 $40k 1.2k 32.81
Mercury General Corporation (MCY) 0.0 $37k 440.00 84.78
Northwestern Energy Group In Com New (NWE) 0.0 $37k 631.00 58.61
Digitalbridge Group Cl A New (DBRG) 0.0 $34k 2.9k 11.70
Verisign (VRSN) 0.0 $34k 122.00 279.57
Addus Homecare Corp (ADUS) 0.0 $34k 288.00 117.99
Genpact SHS (G) 0.0 $34k 811.00 41.89
Itron (ITRI) 0.0 $33k 265.00 124.56
Paramount Group Inc reit (PGRE) 0.0 $33k 5.0k 6.54
Rambus (RMBS) 0.0 $32k 305.00 104.20
Lauder Estee Cos Cl A (EL) 0.0 $31k 355.00 88.12
Fluor Corporation (FLR) 0.0 $31k 740.00 42.07
Euronet Worldwide (EEFT) 0.0 $30k 346.00 87.81
Dollar Tree (DLTR) 0.0 $29k 310.00 94.37
Monolithic Power Systems (MPWR) 0.0 $29k 31.00 920.65
Modine Manufacturing (MOD) 0.0 $28k 200.00 142.16
Antero Res (AR) 0.0 $27k 800.00 33.56
Otg Acquisition Corp. I Unit 09/05/2030 (OTGAU) 0.0 $25k 2.5k 10.07
Cooper Cos (COO) 0.0 $21k 300.00 68.56
Vine Hill Cap Invt Corp. *w Exp 07/01/203 0.0 $20k 13k 1.60
Bayview Acquisition Corp Ord Shs (BAYA) 0.0 $19k 1.7k 11.48
Black Hawk Acquisition Corp Usd Cl A Shs (BKHA) 0.0 $11k 967.00 11.19
Hcm Iii Acquisition Corp Unit 07/23/2030 (HCMAU) 0.0 $10k 1.0k 10.31
Bce Com New (BCE) 0.0 $8.2k 352.00 23.37
Launch One Acquisition Corp *w Exp 06/01/203 (LPAAW) 0.0 $7.2k 30k 0.24
Sim Acquisition Corp. I *w Exp 06/01/203 (SIMAW) 0.0 $4.8k 13k 0.38
Horizon Space Acqustn I Corp Ordinary Shares (HSPOF) 0.0 $3.3k 269.00 12.32
Intercure Com New (INCR) 0.0 $3.2k 2.0k 1.64
Berkshire Hills Ban (BBT) 0.0 $2.8k 116.00 23.71
Alphatime Acquisition Corp Ordinary Shares 0.0 $2.2k 181.00 12.01
Texas Ventures Acquisition I Unit 99/99/9999 (TVACU) 0.0 $2.1k 191.00 11.06
Graf Global Corp *w Exp 05/31/203 (GRAF.WS) 0.0 $1.7k 5.0k 0.33
Brookfield Asset Managmt Cl A Lmt Vtg Shs (BAM) 0.0 $967.000800 17.00 56.88
Apollo Global Mgmt (APO) 0.0 $666.000000 5.00 133.20
Voyager Acquisition Corp *w Exp 05/16/203 (VACHW) 0.0 $425.000000 2.5k 0.17
Columbia Banking System (COLB) 0.0 $51.000000 2.00 25.50
Lanvin Group Holdings Limite *w Exp 01/14/202 (LANV.WS) 0.0 $47.000000 2.5k 0.02