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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
-5.72%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$297M
AUM Growth
+$17.1M
Cap. Flow
-$42.8M
Cap. Flow %
-14.4%
Top 10 Hldgs %
40.55%
Holding
71
New
3
Increased
15
Reduced
17
Closed
7

Top Buys

Rank Stock Value
1
CARB
Carbonite Inc
CARB
+$6.97M
2
BB icon
BlackBerry
BB
+$2.88M
3
EGAN icon
eGain
EGAN
+$2.72M
4
MIDD icon
Middleby
MIDD
+$2.67M
5
ACNT icon
Ascent Industries
ACNT
+$2.4M

Top Sells

Rank Stock Value
1
KKR icon
KKR & Co
KKR
+$3.76M
2
ASUR icon
Asure Software
ASUR
+$3.63M
3
ESI icon
Element Solutions
ESI
+$3.59M
4
HHH icon
Howard Hughes
HHH
+$3.53M
5
NMY
Nuveen Maryland Quality Municipal Income Fund
NMY
+$3.51M

Sector Composition

Rank Sector Weight
1 Technology 23.8%
2 Consumer Discretionary 9.45%
3 Communication Services 7.71%
4 Real Estate 7.67%
5 Financials 6.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUI
26
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$2.52M 0.85%
180,000
-160,000
-47% -$2.29M
ACNT icon
27
Ascent Industries
ACNT
$140M
$2.43M 0.82%
165,005
+150,241
+1,018% +$2.4M
NRK icon
28
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$2.14M 0.72%
160,000
– –
BWG
29
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$1.96M 0.66%
158,948
– –
TGB
30
Trekor Metals
TGB
$2.48B
$1.9M 0.64%
+3,338,319
New +$1.5M
FAX
31
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$1.73M 0.58%
68,333
– –
BHR.PRB
32
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$52.7M
$1.57M 0.53%
76,866
-29,619
-28% -$567K
UPLD icon
33
Upland Software
UPLD
$12.8M
$1.34M 0.45%
3,559
– –
FCT
34
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$1.2M 0.4%
100,000
– –
JE
35
DELISTED
Just Energy Group Inc
JE
$1.11M 0.37%
10,697
-1,533
-13% -$133K
ENOV icon
36
Enovis
ENOV
$1.68B
$1.07M 0.36%
19,531
– –
PHD
37
DELISTED
Pioneer Floating Rate Fund
PHD
$1.04M 0.35%
100,000
– –
PXLW icon
38
Pixelworks
PXLW
$38.2M
$927K 0.31%
18,750
-40,245
-68% -$1.6M
MCA
39
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$926K 0.31%
65,000
– –
NAD icon
40
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$862K 0.29%
60,000
-150,000
-71% -$2.15M
EMD
41
Western Asset Emerging Markets Debt Fund
EMD
$609M
$838K 0.28%
60,406
– –
NMY
42
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$799K 0.27%
60,000
-265,000
-82% -$3.51M
NQP
43
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$702K 0.24%
50,000
-125,000
-71% -$1.75M
WIW
44
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$556K 0.19%
50,000
– –
BN icon
45
Brookfield
BN
$104B
$474K 0.16%
18,778
-9,810
-34% -$178K
DESP
46
DELISTED
Despegar.com
DESP
$434K 0.15%
+38,100
New +$461K
TPC
47
Tutor Perini Cor
TPC
$4.41B
$338K 0.11%
+20,400
New +$249K
STWD icon
48
Starwood Property Trust
STWD
$5.92B
$241K 0.08%
9,850
– –
SBUX icon
49
Starbucks
SBUX
$120B
$225K 0.08%
2,700
– –
YTRA icon
50
Yatra Online
YTRA
$52.7M
$214K 0.07%
54,112
– –
1
2
3

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BIA
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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 Q3 2019 Portfolio in Review

As of Q3 2019, PenderFund Capital Management held 71 positions worth $297M, up 6.1% from $280M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

PenderFund Capital Management withdrew a net $42.8M in Q3 2019, closing 7 positions and reducing 17 holdings. Its most notable exit was Asure Software, an estimated $3.63M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, PenderFund Capital Management opened a new position in Trekor Metals worth $1.9M.

  • PenderFund Capital Management's largest Q3 2019 buy was Trekor Metals: 3,338,319 shares worth $1.9M.
  • PenderFund Capital Management added most to Carbonite Inc in Q3 2019, an estimated $6.97M increase.
  • PenderFund Capital Management's biggest Q3 2019 reduction was KKR & Co, cutting an estimated $3.76M.
  • PenderFund Capital Management fully exited Asure Software in Q3 2019, selling an estimated $3.63M.
  • PenderFund Capital Management's ten largest holdings make up 41% of its $297M portfolio in Q3 2019.
  • PenderFund Capital Management opened 3 new positions and closed 7 in Q3 2019.
  • PenderFund Capital Management's portfolio value rose 6.1% quarter-over-quarter to $297M.

Based on PenderFund Capital Management's 13F filing for Q3 2019, filed 29 Oct 2019.