PenderFund Capital Management

PenderFund Capital Management as of Dec. 31, 2025

Portfolio Holdings for PenderFund Capital Management

PenderFund Capital Management holds 219 positions in its portfolio as reported in the December 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) 8.6 $55M 44M 1.24
Abrdn Platinum Etf Trust Physcl Platm Shs (PPLT) 7.1 $45M 242k 186.43
Equinox Gold Corp Note 4.750%10/1 (Principal) (EQX) 5.7 $37M 2.6M 14.05
Fluence Energy Note 2.250% 6/1 (Principal) 5.4 $34M 28M 1.21
Duke Energy Corp Note 4.125% 4/1 (Principal) 5.2 $33M 32M 1.04
Southern Note 4.500% 6/1 (Principal) 5.1 $32M 30M 1.07
Equinox Gold Corp 4.5 $29M 12M 2.36
Ssr Mining In Note 2.500% 4/0 (Principal) 4.1 $26M 20M 1.31
Nio Note 3.875%10/1 (Principal) 3.8 $24M 25M 0.95
Ppl Cap Fdg Note 2.875% 3/1 (Principal) 3.3 $21M 19M 1.11
Nio Note 4.625%10/1 (Principal) 3.1 $20M 22M 0.89
Northern Oil & Gas Note 3.625% 4/1 (Principal) 3.1 $20M 20M 0.98
Cardlytics Note 4.250% 4/0 (Principal) 3.1 $19M 48M 0.41
Esperion Therapeutics (ESPR) 2.6 $16M 4.4M 3.70
Ishares Silver Tr Ishares (SLV) 2.5 $16M 248k 64.42
Telesat Corp Cl A & Cl B Shs (TSAT) 2.5 $16M 410k 38.90
Par Technology Corp Note 1.500%10/1 (Principal) (PAR) 2.4 $15M 418k 36.28
Sangoma Technologies Corp Com New (SANG) 2.2 $14M 2.8M 5.02
Magnite Note 0.250% 3/1 (Principal) 2.2 $14M 14M 0.99
Sprott Asset Management Physical Silver (PSLV) 2.1 $13M 565k 23.65
Wolfspeed Common Stock 1.9 $12M 8.1M 1.49
Opko Health Note 3.750% 1/1 (Principal) 1.5 $9.6M 7.3M 1.31
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 1.4 $8.7M 1.0M 8.59
Txnm Energy 1.3 $8.0M 5.9M 1.35
Evolent Health Note 3.500%12/0 (Principal) 0.9 $5.9M 8.8M 0.68
Airbnb Note 3/1 (Principal) 0.8 $5.0M 5.0M 0.99
Par Technology Corp 0.8 $4.9M 5.0M 0.98
Burford Cap Ord Shs (BUR) 0.7 $4.4M 498k 8.92
Evolent Health Debt 4.500% 8/1 (Principal) 0.5 $2.9M 4.0M 0.73
Ero Copper Corp (ERO) 0.4 $2.8M 103k 27.55
Kkr & Co (KKR) 0.4 $2.5M 20k 127.48
Webster Financial Corporation (WBS) 0.4 $2.4M 38k 62.94
Nexgen Energy (NXE) 0.4 $2.4M 257k 9.20
Hexcel Corporation (HXL) 0.4 $2.3M 32k 73.90
Standardaero (SARO) 0.4 $2.3M 81k 28.68
International Flavors & Fragrances (IFF) 0.4 $2.3M 34k 67.39
Dollar Tree (DLTR) 0.4 $2.3M 19k 123.01
Brookfield Corp Cl A Ltd Vt Sh (BN) 0.3 $2.1M 46k 45.91
Boyd Group Services (BGSI) 0.3 $2.0M 13k 159.29
Adecoagro S A (AGRO) 0.3 $2.0M 250k 7.93
Addus Homecare Corp (ADUS) 0.3 $2.0M 18k 107.39
Fluor Corporation (FLR) 0.3 $1.8M 45k 39.63
Clarivate Ord Shs (CLVT) 0.3 $1.7M 521k 3.34
Stoneco Com Cl A (STNE) 0.2 $1.5M 100k 14.79
Markel Corporation (MKL) 0.2 $1.1M 517.00 2149.65
Danaher Corporation (DHR) 0.2 $1.1M 4.7k 228.92
Evercore Class A (EVR) 0.2 $1.0M 3.1k 340.25
Isoenergy Com New (ISOU) 0.2 $1.0M 112k 9.10
Baidu Spon Adr Rep A (BIDU) 0.2 $993k 7.6k 130.66
Microchip Technology (MCHP) 0.1 $945k 15k 63.72
Soho House & Co Com Cl A 0.1 $887k 99k 8.96
Brookfield Renewable Partner Partnership Unit (BEP) 0.1 $811k 30k 27.02
Lithia Motors (LAD) 0.1 $798k 2.4k 332.33
Western Asst Infltn Lkd Inm Com Sh Ben Int (WIA) 0.1 $794k 96k 8.24
Maravai Lifesciences Hldgs I Com Cl A (MRVI) 0.1 $717k 221k 3.25
Cenovus Energy (CVE) 0.1 $677k 40k 16.92
Cameco Corporation (CCJ) 0.1 $668k 7.3k 91.57
NVIDIA Corporation (NVDA) 0.1 $653k 3.5k 186.50
Allied Gold Corp Com New (AAUC) 0.1 $619k 27k 22.91
Ceridian Hcm Hldg 0.1 $574k 8.3k 69.16
Talen Energy Corp (TLN) 0.1 $562k 1.5k 374.84
Ats (ATS) 0.1 $551k 20k 27.55
Waste Connections (WCN) 0.1 $526k 3.0k 175.38
Amc Networks Note 4.250% 2/1 (Principal) 0.1 $521k 501k 1.04
Drugs Made In Amer Acq Ii Unit 09/16/2030 (DMIIU) 0.1 $497k 50k 10.00
Air Lease Corp Cl A 0.1 $490k 7.6k 64.23
Warner Bros Discovery Com Ser A (WBD) 0.1 $484k 17k 28.82
Vizsla Silver Corp Com New (VZLA) 0.1 $454k 83k 5.47
Cyberark Software SHS (CYBR) 0.1 $446k 1.0k 446.06
Sizzle Acquisition Corp. Ii Usd Cl A Ord Shs (SZZL) 0.1 $443k 44k 10.16
Digitalbridge Group Cl A New (DBRG) 0.1 $428k 28k 15.34
Hillenbrand (HI) 0.1 $425k 13k 31.72
Wolfspeed Note 2.500% 6/1 (Principal) (WOLF) 0.1 $415k 24k 17.41
City Office Reit 0.1 $410k 59k 6.99
Eventbrite Com Cl A (EB) 0.1 $409k 92k 4.45
Sotherly Hotels (SOHO) 0.1 $397k 185k 2.15
Denny's Corporation 0.1 $395k 64k 6.22
Alamos Gold Com Cl A (AGI) 0.1 $386k 10k 38.61
Titan Acquisition Corp Cl A (TACH) 0.1 $376k 37k 10.26
Chart Industries (GTLS) 0.1 $371k 1.8k 206.23
Txnm Energy Note 5.750% 6/0 (Principal) (TXNM) 0.1 $365k 6.2k 58.88
Thayer Ventures Acq Corp Ii Cl A (TVAI) 0.1 $364k 36k 10.12
Cadence Bank 0.1 $342k 8.0k 42.84
Synchronoss Technologies Com New (SNCR) 0.1 $334k 39k 8.56
Launch One Acquisition Corp Shs Class A (LPAA) 0.1 $333k 31k 10.59
Hologic 0.1 $328k 4.4k 74.49
Quipt Home Medical Corporation 0.1 $328k 93k 3.54
Cantaloupe (CTLP) 0.1 $327k 31k 10.62
Avidity Biosciences Ord 0.1 $325k 4.5k 72.13
ON Semiconductor (ON) 0.0 $314k 5.8k 54.15
Texas Instruments Incorporated (TXN) 0.0 $312k 1.8k 173.49
Xenon Pharmaceuticals (XENE) 0.0 $307k 6.9k 44.82
Astrazeneca Sponsored Adr 0.0 $306k 3.3k 91.93
Soulpower Acquisition Corp Usd Cl A Ord Shs (SOUL) 0.0 $305k 30k 10.15
D. Boral Arc Acq I Corp. Shs Cl A (BCAR) 0.0 $295k 29k 10.03
Solarius Capital Acqu Corp Shs Cl A (SOCA) 0.0 $293k 29k 10.05
Jabil Circuit (JBL) 0.0 $287k 1.3k 228.02
Lensar (LNSR) 0.0 $286k 25k 11.63
Mastercard Incorporated Cl A (MA) 0.0 $285k 500.00 570.88
Americas Gold And Silver Cor Com New (USAS) 0.0 $274k 53k 5.13
Vine Hill Cap Invt Corp. Ord Shs Cl A 0.0 $269k 25k 10.77
Blue Foundry Bancorp 0.0 $269k 22k 12.43
CSG Systems International (CSGS) 0.0 $268k 3.5k 76.69
Alexander & Baldwin (ALEX) 0.0 $256k 12k 20.64
Diamond Hill Invt Group Com New (DHIL) 0.0 $254k 1.5k 169.50
Vine Hill Cap Invts Corp Ii Unit 11/25/2030 (VHCPU) 0.0 $251k 25k 10.02
Green Dot Corp Cl A (GDOT) 0.0 $250k 20k 12.81
Copa Holdings Sa Cl A (CPA) 0.0 $247k 2.0k 120.61
Inspirato Incorporated Cl A New 0.0 $246k 59k 4.17
Bel Fuse Cl A (BELFA) 0.0 $243k 1.6k 151.80
Renatus Tactical Acquis Shs Cl A (RTAC) 0.0 $240k 23k 10.67
Cartesian Growth Corp Iii Com Cl A (CGCT) 0.0 $234k 23k 10.29
Blue Wtr Acquisition Corp. I Ord Shs Cl A (BLUW) 0.0 $232k 23k 10.32
International Money Express (IMXI) 0.0 $232k 15k 15.36
Golden Entmt (GDEN) 0.0 $231k 8.5k 27.19
ProAssurance Corporation (PRA) 0.0 $227k 9.4k 24.16
Truecar 0.0 $219k 97k 2.26
Deckers Outdoor Corporation (DECK) 0.0 $219k 2.1k 103.67
Sim Acquisition Corp. I Shs Cl A (SIMA) 0.0 $216k 20k 10.59
Semrush Hldgs Cl A Com (SEMR) 0.0 $214k 18k 11.89
Comerica Incorporated 0.0 $208k 2.4k 86.93
Algoma Stl Group (ASTL) 0.0 $206k 50k 4.12
Kennedy-Wilson Holdings (KW) 0.0 $205k 21k 9.67
Eqv Ventures Ac Corp. Ii Ord Shs Cl A (EVAC) 0.0 $201k 20k 10.03
Cidara Therapeutics Com New (CDTX) 0.0 $199k 900.00 220.89
Brighthouse Finl (BHF) 0.0 $188k 2.9k 64.79
Northwestern Energy Group In Com New (NWE) 0.0 $187k 2.9k 64.54
Western Copper And Gold Cor (WRN) 0.0 $183k 69k 2.67
Highview Merger Corp Unit 07/24/2030 (HVMCU) 0.0 $182k 18k 10.13
Mckinley Acquisition Corp Unit 07/25/2030 (MKLYU) 0.0 $182k 18k 10.10
LSI Industries (LYTS) 0.0 $178k 9.7k 18.32
Wen Acquisition Corp Com Cl A (WENN) 0.0 $178k 18k 10.10
Range Cap Acquisition Corp I Unit 09/29/2030 (RNGTU) 0.0 $177k 17k 10.20
Pioneer Acquisition I Corp Cl A Ord Shs (PACH) 0.0 $175k 17k 10.06
Plymouth Indl Reit 0.0 $175k 8.0k 21.88
Jamf Hldg Corp 0.0 $173k 13k 13.01
Avadel Pharmaceuticals Com Shs (AVDL) 0.0 $173k 8.0k 21.55
Clearwater Analytics Hldgs I Cl A (CWAN) 0.0 $171k 7.1k 24.12
Amicus Therapeutics (FOLD) 0.0 $170k 12k 14.24
Janus Henderson Group Ord Shs (JHG) 0.0 $167k 3.5k 47.57
Smart Sh Global Ads (EM) 0.0 $154k 132k 1.17
On24 0.0 $150k 19k 7.96
Fonar Corp Com New (FONR) 0.0 $150k 8.1k 18.56
Gulf Island Fabrication 0.0 $150k 13k 11.97
Fidelity National Financial Com Shs (FNF) 0.0 $147k 2.7k 54.59
New Providence Acquisition C Usd Cl A Ord Shs (NPAC) 0.0 $141k 14k 10.26
MidWestOne Financial (MOFG) 0.0 $127k 3.3k 38.50
Realogy Hldgs 0.0 $120k 8.5k 14.16
Best Spac I Acquisition Corp Usd Cl A Ord Shs (BSAA) 0.0 $120k 12k 10.13
Advisorshares Tr Pure Us Cannabis (MSOS) 0.0 $109k 23k 4.72
Graf Global Corp Ord Shs Cl A (GRAF) 0.0 $108k 10k 10.76
Republic Digital Acquisition Usd Cl A Ord Shs (RDAG) 0.0 $107k 11k 10.12
M3-brigade Acquisition Vi Unit 08/18/2030 (MBVIU) 0.0 $105k 10k 10.10
Aspen Insurance Holdings Ord Shs Cl A (AHL) 0.0 $104k 2.8k 37.10
Fifth Era Acquisition Corp I Ord Shs Cl A (FERA) 0.0 $104k 10k 10.25
Cantor Equity Partners Iv In Shs Cl A (CEPF) 0.0 $103k 10k 10.28
Forge Global Holdings Com Shs (FRGE) 0.0 $103k 2.3k 44.56
Lightwave Acquisition Corp Usd Cl A Ord Shs (LWAC) 0.0 $103k 10k 10.05
Trailblazer Acquisition Corp Unit 08/21/2030 (BLZRU) 0.0 $102k 10k 10.22
Galata Acquisition Corp Ii Unit 09/12/2030 (LATAU) 0.0 $101k 10k 10.07
Chenghe Acquisition Iii Unit 09/09/2030 (CHECU) 0.0 $101k 10k 10.05
Ithax Acquisition Corp Iii Unit 11/17/2030 (ITHAU) 0.0 $100k 10k 9.96
American Woodmark Corporation (AMWD) 0.0 $97k 1.8k 53.90
Jfrog Ord Shs (FROG) 0.0 $94k 1.5k 62.46
Oxley Bridge Acq Usd Cl A Ord Shs (OBA) 0.0 $92k 9.1k 10.06
Figx Cap Acquisition Corp. Usd Cl A Ord Shs (FIGX) 0.0 $91k 9.0k 10.06
Tegna 0.0 $87k 4.5k 19.41
Voyager Acquisition Corp Cl A (VACH) 0.0 $84k 7.9k 10.67
Orion Office Reit Inc-w/i (ONL) 0.0 $84k 37k 2.26
Perimeter Acquisition Corp I Com Cl A (PMTR) 0.0 $82k 8.0k 10.28
Gitlab Class A Com (GTLB) 0.0 $79k 2.1k 37.53
Profound Med Corp Com New (PROF) 0.0 $74k 9.4k 7.85
Cantor Equity Partners Iii I Shs Cl A (CAEP) 0.0 $73k 7.2k 10.20
Hcm Iii Acquisition Corp Ord Shs Cl A (HCMA) 0.0 $72k 7.2k 10.06
Cantor Equity Partners V Shs Cl A S (CEPV) 0.0 $51k 5.0k 10.25
Futurecrest Acquisition Corp Unit 99/99/9999 (FCRS.U) 0.0 $51k 5.0k 10.24
1rt Acquisition Corp. Usd Cl A Ord Shs (ONCH) 0.0 $51k 5.0k 10.20
Inflection Pt Acquisition Cl A Ord Shs (IPCX) 0.0 $51k 5.0k 10.14
Crane Hbr Acquisition Corp I Unit 12/09/2030 (CRANU) 0.0 $50k 5.0k 10.06
Leapfrog Acquisition Corp Unit 11/10/2030 (LFACU) 0.0 $50k 5.0k 10.01
Social Comm Partners Corp Unit 11/24/2030 (SCPQU) 0.0 $50k 5.0k 10.00
Launchpad Cadenza Acquisitio Unit 12/15/2030 (LPCVU) 0.0 $50k 5.0k 9.98
Iron Horse Acquisit Corp Ii Unit 07/11/2030 (IRHOU) 0.0 $50k 5.0k 9.94
Canada Goose Hldgs Shs Sub Vtg (GOOS) 0.0 $43k 3.3k 12.96
Linkbancorp (LNKB) 0.0 $43k 5.2k 8.26
Uranium Energy (UEC) 0.0 $39k 3.3k 11.68
Genpact SHS (G) 0.0 $38k 811.00 46.78
Lauder Estee Cos Cl A (EL) 0.0 $37k 355.00 104.72
Mercury General Corporation (MCY) 0.0 $37k 390.00 94.06
Amplify Etf Tr Altrntv Harv Etf (MJ) 0.0 $36k 1.2k 29.79
Euronet Worldwide (EEFT) 0.0 $34k 440.00 76.11
Verisign (VRSN) 0.0 $33k 135.00 242.95
Brookfield Business Partners Unit Ltd L P 0.0 $33k 925.00 35.43
Itron (ITRI) 0.0 $32k 340.00 92.86
Booz Allen Hamilton Hldg Cor Cl A (BAH) 0.0 $30k 350.00 84.36
Antero Res (AR) 0.0 $28k 800.00 34.46
Maplebear (CART) 0.0 $27k 595.00 44.98
Churchill Cap Corp Xi Unit 12/10/2030 (CCXIU) 0.0 $26k 2.5k 10.21
Otg Acquisition Corp. I Unit 09/05/2030 (OTGAU) 0.0 $26k 2.5k 10.19
Cooper Cos (COO) 0.0 $25k 300.00 81.96
Modine Manufacturing (MOD) 0.0 $24k 180.00 133.51
Rambus (RMBS) 0.0 $21k 230.00 91.89
Middlefield Banc Corp Com New (MBCN) 0.0 $21k 604.00 34.54
FactSet Research Systems (FDS) 0.0 $20k 70.00 290.19
Miluna Acquisition Corp Unit 09/29/2030 (MMTXU) 0.0 $14k 1.4k 9.99
First Savings Financial 0.0 $13k 400.00 31.86
Bce Com New (BCE) 0.0 $8.4k 352.00 23.85
Cartesian Growth Corp Iii *w Exp 05/02/203 (CGCTW) 0.0 $7.3k 9.1k 0.80
F&g Annuities & Life Common Stock (FG) 0.0 $5.0k 161.00 30.85
Olympic Steel (ZEUS) 0.0 $4.7k 109.00 42.79
Berkshire Hills Ban (BBT) 0.0 $3.1k 116.00 26.37
Udemy (UDMY) 0.0 $2.2k 375.00 5.85
Sim Acquisition Corp. I *w Exp 06/01/203 (SIMAW) 0.0 $2.1k 9.7k 0.22
Eqv Ventures Ac Corp. Ii *w Exp 06/30/203 (EVAC.WS) 0.0 $2.0k 5.6k 0.35
Intercure Com New (INCR) 0.0 $1.8k 2.0k 0.91
Republic Digital Acquisition *w Exp 05/01/203 (RDAGW) 0.0 $1.5k 2.5k 0.60
1rt Acquisition Corp. *w Exp 06/26/203 (ONCHW) 0.0 $725.000000 1.3k 0.58
HNI Corporation (HNI) 0.0 $42.000000 1.00 42.00
Lanvin Group Holdings Limite *w Exp 01/14/202 (LANV.WS) 0.0 $39.000000 2.5k 0.02