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PenderFund Capital Management Portfolio holdings

AUM $639M
1-Year Est. Return 31.05%
This Fund
S&P 500
This Quarter Est. Return
-2.92%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$240M
AUM Growth
+$87.7M
Cap. Flow
+$66.6M
Cap. Flow %
27.73%
Top 10 Hldgs %
45.39%
Holding
78
New
33
Increased
11
Reduced
8
Closed
7

Top Buys

Rank Stock Value
1
SWIR
Sierra Wireless
SWIR
+$9.89M
2
KW
Kennedy-Wilson Holdings
KW
+$8.17M
3
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$7.49M
4
ESI icon
Element Solutions
ESI
+$7.32M
5
AIG.WS
American International Group, Inc.
AIG.WS
+$5.37M

Top Sells

Rank Stock Value
1
EBIX
Ebix Inc
EBIX
+$8.22M
2
WYNN icon
Wynn Resorts
WYNN
+$4.78M
3
KTEC
Key Technology Inc
KTEC
+$4.08M
4
BIDU icon
Baidu
BIDU
+$2.88M
5
TRIP icon
TripAdvisor
TRIP
+$2.15M

Sector Composition

Rank Sector Weight
1 Technology 20.16%
2 Real Estate 16%
3 Communication Services 11.7%
4 Materials 7.93%
5 Consumer Discretionary 6.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LEAF
26
DELISTED
Leaf Group Ltd.
LEAF
$3.04M 1.27%
+425,000
New +$3.46M
PXLW icon
27
Pixelworks
PXLW
$38.2M
$3.03M 1.26%
+58,944
New +$3.74M
NM
28
DELISTED
Navios Maritime Holdings Inc.
NM
$2.45M 1.02%
299,300
+143,204
+92% +$1.77M
MODN
29
DELISTED
MODEL N, INC.
MODN
$2.42M 1.01%
139,843
– –
QMCO icon
30
Quantum Corp
QMCO
$419M
$2.36M 0.98%
29,287
-6,869
-19% -$669K
VPV icon
31
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$2.35M 0.98%
+200,000
New +$2.37M
BWG
32
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$2.31M 0.96%
+178,948
New +$2.32M
AHP.PRB
33
DELISTED
Ashford Hospitality Prime, Inc.
AHP.PRB
$2.29M 0.95%
+118,927
New +$2.3M
NMY
34
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$1.93M 0.8%
+160,000
New +$1.96M
QTRH
35
DELISTED
Quarterhill Inc. Common Shares
QTRH
$1.9M 0.79%
+969,700
New +$1.63M
BN icon
36
Brookfield
BN
$104B
$1.66M 0.69%
+94,435
New +$1.37M
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$609M
$1.6M 0.67%
+110,406
New +$1.67M
FAX
38
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$948K 0.39%
+33,333
New +$969K
LBTYK icon
39
Liberty Global Class C
LBTYK
$3.53B
$940K 0.39%
29,300
-6,600
-18% -$219K
NAN icon
40
Nuveen New York Quality Municipal Income Fund
NAN
$368M
$761K 0.32%
+60,000
New +$791K
BCOV
41
DELISTED
Brightcove, Inc.
BCOV
$726K 0.3%
+91,861
New +$639K
WIW
42
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$461K 0.19%
+40,753
New +$467K
SD icon
43
SandRidge Energy
SD
$514M
$436K 0.18%
+30,049
New +$507K
BNS icon
44
Scotiabank
BNS
$107B
$393K 0.16%
+5,040
New +$320K
AIRG icon
45
Airgain
AIRG
$73.4M
$365K 0.15%
+44,357
New +$414K
GOOG icon
46
Alphabet (Google) Class C
GOOG
$4.36T
$359K 0.15%
+7,000
New +$386K
EGAN icon
47
eGain
EGAN
$187M
$356K 0.15%
39,117
– –
BRK.B icon
48
Berkshire Hathaway Class B
BRK.B
$1.1T
$350K 0.15%
+1,750
New +$359K
OAK
49
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
$326K 0.14%
7,930
– –
SABA
50
Saba Capital Income & Opportunities Fund II
SABA
$220M
$320K 0.13%
+25,000
New +$320K
1
2
3

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BPC
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BIA
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KCM
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SCP
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SFG
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FTC
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WHGAM
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PenderFund Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, PenderFund Capital Management held 78 positions worth $240M, up 58% from $152M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

PenderFund Capital Management deployed $66.6M of net new capital in Q1 2018, opening 33 new positions and adding to 11 existing holdings. Its largest new stake was Sierra Wireless: 554,740 shares worth $12.4M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Real Estate and Communication Services.

On the sell side, the largest reduction was Baidu, an estimated $2.88M trimmed.

  • PenderFund Capital Management's largest Q1 2018 buy was Sierra Wireless: 554,740 shares worth $12.4M.
  • PenderFund Capital Management added most to Kennedy-Wilson Holdings in Q1 2018, an estimated $8.17M increase.
  • PenderFund Capital Management's biggest Q1 2018 reduction was Baidu, cutting an estimated $2.88M.
  • PenderFund Capital Management fully exited Ebix Inc in Q1 2018, selling an estimated $8.22M.
  • PenderFund Capital Management's ten largest holdings make up 45% of its $240M portfolio in Q1 2018.
  • PenderFund Capital Management opened 33 new positions and closed 7 in Q1 2018.
  • PenderFund Capital Management's portfolio value rose 58% quarter-over-quarter to $240M.

Based on PenderFund Capital Management's 13F filing for Q1 2018, filed 4 May 2018.