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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
+11.47%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$356M
AUM Growth
+$59.1M
Cap. Flow
-$111M
Cap. Flow %
-31.07%
Top 10 Hldgs %
47.22%
Holding
67
New
6
Increased
11
Reduced
12
Closed
13

Top Buys

Rank Stock Value
1
BBU
Brookfield Business Partners
BBU
+$2.85M
2
EGAN icon
eGain
EGAN
+$2.42M
3
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$2.03M
4
HHH icon
Howard Hughes
HHH
+$1.87M
5
BN icon
Brookfield
BN
+$1.44M

Top Sells

Rank Stock Value
1
CARB
Carbonite Inc
CARB
+$12.3M
2
Z icon
Zillow
Z
+$10.5M
3
SWIR
Sierra Wireless
SWIR
+$10.2M
4
TRIP icon
TripAdvisor
TRIP
+$8.19M
5
BIDU icon
Baidu
BIDU
+$6.01M

Sector Composition

Rank Sector Weight
1 Technology 19.73%
2 Real Estate 8.33%
3 Consumer Discretionary 8.1%
4 Communication Services 7.76%
5 Financials 7.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAX
26
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$2.26M 0.63%
68,333
– –
WIW
27
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$2.25M 0.63%
150,000
+100,000
+200% +$1.12M
BHR.PRB
28
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$52.7M
$1.89M 0.53%
76,720
-146
-0.2% -$2.87K
QUMU
29
DELISTED
Qumu Corp.
QUMU
$1.69M 0.48%
+500,000
New +$1.37M
VVR icon
30
Invesco Senior Income Trust
VVR
$457M
$1.67M 0.47%
+300,000
New +$1.25M
UPLD icon
31
Upland Software
UPLD
$12.8M
$1.65M 0.46%
3,559
– –
FCT
32
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$1.63M 0.46%
100,000
– –
ENB icon
33
Enbridge
ENB
$119B
$1.53M 0.43%
+30,885
New +$1.15M
ENOV icon
34
Enovis
ENOV
$1.68B
$1.45M 0.41%
17,788
-1,743
-9% -$98.6K
PHD
35
DELISTED
Pioneer Floating Rate Fund
PHD
$1.42M 0.4%
100,000
– –
LLEX
36
DELISTED
Lilis Energy, Inc. Common Stock
LLEX
$1.39M 0.39%
+2,825,000
New +$615K
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$609M
$1.12M 0.31%
60,406
– –
DESP
38
DELISTED
Despegar.com
DESP
$667K 0.19%
38,100
– –
TGB
39
Trekor Metals
TGB
$2.48B
$388K 0.11%
615,959
-2,722,360
-82% -$1.15M
TPC
40
Tutor Perini Cor
TPC
$4.41B
$341K 0.1%
20,400
– –
STWD icon
41
Starwood Property Trust
STWD
$5.92B
$318K 0.09%
9,850
– –
SBUX icon
42
Starbucks
SBUX
$120B
$308K 0.09%
2,700
– –
YTRA icon
43
Yatra Online
YTRA
$52.7M
$221K 0.06%
54,112
– –
UUUU.WS
44
DELISTED
Energy Fuels Inc.
UUUU.WS
$146K 0.04%
200,000
– –
KW
45
DELISTED
Kennedy-Wilson Holdings
KW
– –
-142,958
Closed -$3.2M
NAD icon
46
Nuveen Quality Municipal Income Fund
NAD
$2.74B
– –
-60,000
Closed -$862K
NQP
47
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
– –
-50,000
Closed -$702K
NRK icon
48
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
– –
-160,000
Closed -$2.14M
PXLW icon
49
Pixelworks
PXLW
$38.2M
– –
-18,750
Closed -$927K
TRIP icon
50
TripAdvisor
TRIP
$1.65B
– –
-208,647
Closed -$8.19M
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 Q4 2019 Portfolio in Review

As of Q4 2019, PenderFund Capital Management held 67 positions worth $356M, up 20% from $297M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

PenderFund Capital Management withdrew a net $111M in Q4 2019, closing 13 positions and reducing 12 holdings. Its most notable exit was Carbonite Inc, an estimated $12.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 24% a quarter earlier, followed by Real Estate and Consumer Discretionary.

Against the trend, PenderFund Capital Management opened a new position in Brookfield Business Partners worth $3.79M.

  • PenderFund Capital Management's largest Q4 2019 buy was Brookfield Business Partners: 109,932 shares worth $3.79M.
  • PenderFund Capital Management added most to eGain in Q4 2019, an estimated $2.42M increase.
  • PenderFund Capital Management's biggest Q4 2019 reduction was Baidu, cutting an estimated $6.01M.
  • PenderFund Capital Management fully exited Carbonite Inc in Q4 2019, selling an estimated $12.3M.
  • PenderFund Capital Management's ten largest holdings make up 47% of its $356M portfolio in Q4 2019.
  • PenderFund Capital Management opened 6 new positions and closed 13 in Q4 2019.
  • PenderFund Capital Management's portfolio value rose 20% quarter-over-quarter to $356M.

Based on PenderFund Capital Management's 13F filing for Q4 2019, filed 5 Feb 2020.