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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
+31.15%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$393M
AUM Growth
+$33.8M
Cap. Flow
-$146M
Cap. Flow %
-37.16%
Top 10 Hldgs %
38.94%
Holding
95
New
22
Increased
5
Reduced
24
Closed
14

Top Buys

Rank Stock Value
1
BUR icon
Burford Capital
BUR
+$12.6M
2
BIDU icon
Baidu
BIDU
+$6.2M
3
IPOF
Social Capital Hedosophia Holdings Corp. VI
IPOF
+$2.26M
4
SOFI icon
SoFi Technologies
SOFI
+$2.19M
5
TPB icon
Turning Point Brands
TPB
+$2.08M

Top Sells

Rank Stock Value
1
JE
Just Energy Group Inc
JE
+$12.4M
2
TPL icon
Texas Pacific Land
TPL
+$5.41M
3
SFIX
Stitch Fix
SFIX
+$5.39M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$4.52M
5
HBI
Hanesbrands
HBI
+$4.4M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Communication Services 13.37%
3 Financials 11.17%
4 Consumer Discretionary 5.94%
5 Real Estate 3.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGAN icon
26
eGain
EGAN
$202M
$4.09M 1.04%
272,401
– –
FAX
27
abrdn Asia-Pacific Income Fund
FAX
$595M
$3.46M 0.88%
101,667
– –
TPB icon
28
Turning Point Brands
TPB
$1.7B
$3.13M 0.79%
+55,100
New +$2.08M
IPOF
29
DELISTED
Social Capital Hedosophia Holdings Corp. VI
IPOF
$3.12M 0.79%
+199,000
New +$2.26M
SOFI icon
30
SoFi Technologies
SOFI
$23.4B
$3.08M 0.78%
+194,400
New +$2.19M
BLW icon
31
BlackRock Limited Duration Income Trust
BLW
$490M
$3.04M 0.77%
150,000
-150,000
-50% -$2.29M
JE
32
DELISTED
Just Energy Group Inc
JE
$2.92M 0.74%
488,615
-2,419,087
-83% -$12.4M
BN icon
33
Brookfield
BN
$108B
$2.79M 0.71%
98,936
– –
WPF
34
DELISTED
Foley Trasimene Acquisition Corp.
WPF
$2.48M 0.63%
+174,100
New +$1.81M
EMD
35
Western Asset Emerging Markets Debt Fund
EMD
$616M
$1.77M 0.45%
+100,000
New +$1.31M
UPLD icon
36
Upland Software
UPLD
$12.6M
$1.73M 0.44%
2,959
-600
-17% -$264K
BWG
37
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$1.59M 0.4%
+100,000
New +$1.18M
ALSK
38
DELISTED
Alaska Communications Systems
ALSK
$1.57M 0.4%
+333,802
New +$952K
PSTH
39
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
$1.55M 0.39%
44,000
-49,000
-53% -$1.18M
BPY
40
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$1.52M 0.39%
82,809
-19,300
-19% -$283K
VVR icon
41
Invesco Senior Income Trust
VVR
$456M
$1.52M 0.39%
300,000
– –
LUXAU
42
DELISTED
Lux Health Tech Acquisition Corp. Units
LUXAU
$1.49M 0.38%
+100,000
New +$1.07M
SABA
43
Saba Capital Income & Opportunities Fund II
SABA
$224M
$1.4M 0.36%
+100,000
New +$1.07M
MSTR icon
44
Strategy Inc
MSTR
$37.2B
$1.14M 0.29%
+23,000
New +$537K
LILAK icon
45
Liberty Latin America Class C
LILAK
$1.72B
$1.07M 0.27%
83,131
-8,551
-9% -$84.5K
STWD icon
46
Starwood Property Trust
STWD
$5.91B
$945K 0.24%
38,450
– –
NOC icon
47
Northrop Grumman
NOC
$80.7B
$931K 0.24%
2,400
– –
KW
48
DELISTED
Kennedy-Wilson Holdings
KW
$884K 0.22%
+38,830
New +$608K
HBI
49
DELISTED
Hanesbrands
HBI
$854K 0.22%
46,000
-291,511
-86% -$4.4M
FCT
50
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$740K 0.19%
50,000
– –
1
2
3 4

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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 2020 Portfolio in Review

As of Q4 2020, PenderFund Capital Management held 95 positions worth $393M, up 9.4% from $360M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

PenderFund Capital Management withdrew a net $146M in Q4 2020, closing 14 positions and reducing 24 holdings. Its most notable exit was Texas Pacific Land, an estimated $5.41M position sold in full.

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

Against the trend, PenderFund Capital Management opened a new position in Burford Capital worth $15.9M.

  • PenderFund Capital Management's largest Q4 2020 buy was Burford Capital: 1,295,463 shares worth $15.9M.
  • PenderFund Capital Management added most to Baidu in Q4 2020, an estimated $6.2M increase.
  • PenderFund Capital Management's biggest Q4 2020 reduction was Just Energy Group Inc, cutting an estimated $12.4M.
  • PenderFund Capital Management fully exited Texas Pacific Land in Q4 2020, selling an estimated $5.41M.
  • PenderFund Capital Management's ten largest holdings make up 39% of its $393M portfolio in Q4 2020.
  • PenderFund Capital Management opened 22 new positions and closed 14 in Q4 2020.
  • PenderFund Capital Management's portfolio value rose 9.4% quarter-over-quarter to $393M.

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