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PenderFund Capital Management Portfolio holdings

AUM $780M
1-Year Est. Return 24.84%
This Fund
S&P 500
This Quarter Est. Return
+2.36%
1 Year Est. Return
+24.84%
3 Year Est. Return
+129.27%
5 Year Est. Return
+115.17%
10 Year Est. Return
–
AUM
$780M
AUM Growth
+$142M
Cap. Flow
-$394M
Cap. Flow %
-50.45%
Top 10 Hldgs %
52.1%
Holding
319
New
65
Increased
76
Reduced
41
Closed
88

Top Buys

Rank Stock Value
1
WEAT icon
Teucrium Wheat Fund
WEAT
+$16.2M
2
SANG
Sangoma Technologies
SANG
+$6.06M
3
BMM
Blue Moon Metals Inc
BMM
+$4.34M
4
CP icon
Canadian Pacific Kansas City
CP
+$2.31M
5
AMZN icon
Amazon
AMZN
+$1.53M

Top Sells

Rank Stock Value
1
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$13.9M
2
EQX icon
Equinox Gold
EQX
+$11.7M
3
MDA
MDA Space Ltd
MDA
+$9.17M
4
TSAT icon
Telesat
TSAT
+$7.06M
5
BUR icon
Burford Capital
BUR
+$1.88M

Sector Composition

Rank Sector Weight
1 Miscellaneous 78.9%
2 Technology 6.82%
3 Financials 3.39%
4 Industrials 3.09%
5 Healthcare 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FCRS.WS
276
FutureCrest Acquisition Corp Warrants
FCRS.WS
– –
-1,250
Closed -$738
BCSS.WS
277
Bain Capital GSS Investment Corp Warrants
BCSS.WS
– –
-2,000
Closed -$1.24K
RNGTW
278
Range Capital Acquisition Corp II Warrants
RNGTW
– –
-8,660
Closed -$2.86K
MMTXW
279
Miluna Acquisition Corp Warrant
MMTXW
– –
-1,406
Closed -$176
CRANR
280
Crane Harbor Acquisition Corp II Rights
CRANR
– –
-5,000
Closed -$919
ITHAW
281
ITHAX Acquisition Corp III Warrants
ITHAW
– –
-5,000
Closed -$1.06K
ITHA
282
ITHAX Acquisition Corp III
ITHA
– –
-10,000
Closed -$99K
AEAQW
283
Activate Energy Acquisition Corp Warrant
AEAQW
$3.33M
– –
-2,500
Closed -$762
AEAQ
284
Activate Energy Acquisition Corp
AEAQ
– –
-5,000
Closed -$49.5K
LFACW
285
Leapfrog Acquisition Corp Warrants
LFACW
– –
-2,500
Closed -$638
MINE
286
Mayfair Gold Corp
MINE
$211M
– –
-5,800
Closed -$17.9K
IRHOR
287
Iron Horse Acquisitions Corp II Rights
IRHOR
– –
-5,000
Closed -$675
CCXIW
288
Churchill Capital Corp XI Warrants
CCXIW
$27.7M
– –
-250
Closed -$181
CCXI
289
Churchill Capital Corp XI
CCXI
$746M
– –
-2,500
Closed -$25.4K
VHCPW
290
Vine Hill Capital Investment Corp II Warrants
VHCPW
– –
-8,332
Closed -$3.04K
ADACW
291
American Drive Acquisition Co Warrant
ADACW
– –
-1,666
Closed -$500
LPCVW
292
Launchpad Cadenza Acquisition Corp I Warrant
LPCVW
– –
-1,666
Closed -$375
SCPQW
293
Social Commerce Partners Warrant
SCPQW
– –
-2,500
Closed -$775
TMTSU
294
Spartacus Acquisition Corp II Unit
TMTSU
– –
-5,000
Closed -$50.2K
SORNW
295
Soren Acquisition Corp Warrant
SORNW
– –
-1,666
Closed -$533
XCBEW
296
X3 Acquisition Corp Warrant
XCBEW
$3.82M
– –
-7,500
Closed -$1.88K
ALOVW
297
Aldabra 4 Liquidity Opportunity Vehicle Warrants
ALOVW
– –
-1,666
Closed -$501
MLAAW
298
Mountain Lake Acquisition Corp II Warrants
MLAAW
– –
-2,500
Closed -$325
8 9 10 11
12

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SAM
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QCM
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ABWM
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AC
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HI
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MAM
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LTI
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PenderFund Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, PenderFund Capital Management held 319 positions worth $780M, up 22% from $639M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $394M in Q2 2026, closing 88 positions and reducing 41 holdings. Its most notable exit was Equinox Gold, an estimated $11.7M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, up from 75% a quarter earlier, followed by Technology and Financials.

Against the trend, PenderFund Capital Management opened a new position in Teucrium Wheat Fund worth $15.3M.

  • PenderFund Capital Management's largest Q2 2026 buy was Teucrium Wheat Fund: 696,000 shares worth $15.3M.
  • PenderFund Capital Management added most to Sangoma Technologies in Q2 2026, an estimated $6.06M increase.
  • PenderFund Capital Management's biggest Q2 2026 reduction was abrdn Physical Platinum Shares ETF, cutting an estimated $13.9M.
  • PenderFund Capital Management fully exited Equinox Gold in Q2 2026, selling an estimated $11.7M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $780M portfolio in Q2 2026.
  • PenderFund Capital Management opened 65 new positions and closed 88 in Q2 2026.
  • PenderFund Capital Management's portfolio value rose 22% quarter-over-quarter to $780M.

Based on PenderFund Capital Management's 13F filing for Q2 2026, filed 17 Aug 2026.