PenderFund Capital Management’s MODEL N, INC. MODN Stock Holding History

PenderFund Capital Management’s Portfolio MODN Stock Details MODN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-21,754	Closed	-$1.04M	–	93
2020 Q3	$1.04M	Sell	21,754 -10,700	-33%	-$404K	0.29%	60
2020 Q2	$1.53M	Buy	+32,454	New	+$946K	0.41%	55
2019 Q3	–	Sell	-111,051	Closed	-$2.41M	–	71
2019 Q2	$2.41M	Sell	111,051 -72,300	-39%	-$1.33M	0.86%	36
2019 Q1	$4.36M	Sell	183,351 -377,580	-67%	-$6.04M	1.27%	32
2018 Q4	$11.1M	Buy	560,931 +310,110	+124%	+$4.48M	3.68%	8
2018 Q3	$4.95M	Buy	250,821 +110,978	+79%	+$1.94M	1.54%	23
2018 Q2	$3.62M	Hold	139,843	–	–	1.27%	25
2018 Q1	$2.42M	Hold	139,843	–	–	1.01%	32
2017 Q4	$2.22M	Buy	+139,843	New	+$2.11M	1.46%	22

Other funds holding MODN

FAM

Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return

CCA

Conestoga Capital Advisors Wayne, Pennsylvania $5.01B AUM 6.26% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

FLAM

First Light Asset Management Edina, Minnesota $1.12B AUM 114.45% 1-Year Est. Return

Aberdeen Group Edinburgh, United Kingdom $61.9B AUM 29.81% 1-Year Est. Return

PenderFund Capital Management's MODN Position: Q4 2020 in Review

PenderFund Capital Management sold out of MODEL N, INC. (MODN) in Q4 2020, closing a stake of 21,754 shares — an estimated $1.04M sold.

PenderFund Capital Management first reported a position in MODN in Q4 2017 and held it in 9 quarters. The position peaked at $11.1M in Q4 2018. 163 funds tracked by Wall St. Rank hold MODN as of Q4 2020.

PenderFund Capital Management reported no remaining MODEL N, INC. position as of Q4 2020 after selling out during the quarter.
PenderFund Capital Management sold 21,754 MODEL N, INC. shares in Q4 2020, an estimated $1.04M.
PenderFund Capital Management first reported a position in MODEL N, INC. in Q4 2017 and held it in 9 quarters.
PenderFund Capital Management's MODEL N, INC. position peaked at $11.1M in Q4 2018.
163 funds tracked by Wall St. Rank held MODEL N, INC. as of Q4 2020.

Based on PenderFund Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.