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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
+8.71%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$307M
AUM Growth
-$26.9M
Cap. Flow
-$145M
Cap. Flow %
-47.35%
Top 10 Hldgs %
60.78%
Holding
159
New
47
Increased
13
Reduced
13
Closed
54

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$4.44M
2
NWLI
National Western Life Group, Inc. Class A
NWLI
+$856K
3
CHS
Chicos FAS, Inc.
CHS
+$771K
4
VERY
Vericity, Inc. Common Stock
VERY
+$766K
5
SANG
Sangoma Technologies
SANG
+$633K

Top Sells

Rank Stock Value
1
CEF icon
Sprott Physical Gold and Silver Trust
CEF
+$4.71M
2
ATEX icon
Anterix
ATEX
+$3.98M
3
JD icon
JD.com
JD
+$2.24M
4
BIDU icon
Baidu
BIDU
+$2.2M
5
FAX
abrdn Asia-Pacific Income Fund
FAX
+$2.15M

Sector Composition

Rank Sector Weight
1 Technology 17.58%
2 Financials 11.18%
3 Energy 3.65%
4 Communication Services 2.61%
5 Consumer Discretionary 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IMGN
26
DELISTED
Immunogen Inc
IMGN
$1.08M 0.35%
+27,580
New +$549K
VERY
27
DELISTED
Vericity, Inc. Common Stock
VERY
$1.04M 0.34%
+69,985
New +$766K
CHS
28
DELISTED
Chicos FAS, Inc.
CHS
$1.03M 0.34%
+102,590
New +$771K
AYX
29
DELISTED
Alteryx Inc
AYX
$900K 0.29%
+14,400
New +$559K
MCHP icon
30
Microchip Technology
MCHP
$42.2B
$856K 0.28%
7,160
-1,900
-21% -$155K
KRTX
31
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
$797K 0.26%
+1,900
New +$369K
HOLI
32
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$796K 0.26%
+22,800
New +$512K
SOVO
33
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$783K 0.26%
26,810
– –
BIDU icon
34
Baidu
BIDU
$37.7B
$773K 0.25%
4,900
-19,030
-80% -$2.2M
SSYS icon
35
Stratasys
SSYS
$778M
$773K 0.25%
40,840
– –
AMNB
36
DELISTED
American National Bankshares Inc
AMNB
$760K 0.25%
11,770
+1,400
+14% +$58.7K
ROVR
37
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
$748K 0.24%
+51,900
New +$439K
NOA
38
North American Construction
NOA
$388M
$674K 0.22%
24,380
+4,480
+23% +$92.4K
SBUX icon
39
Starbucks
SBUX
$121B
$665K 0.22%
5,230
– –
BATL icon
40
Battalion Oil
BATL
$28.6M
$656K 0.21%
+51,500
New +$325K
GAN
41
DELISTED
GAN Ltd
GAN
$639K 0.21%
+305,004
New +$406K
SP
42
DELISTED
SP Plus Corporation
SP
$632K 0.21%
+9,300
New +$466K
FSV icon
43
FirstService
FSV
$6.35B
$584K 0.19%
2,720
– –
SPLK
44
DELISTED
Splunk Inc
SPLK
$577K 0.19%
2,860
+2,300
+411% +$344K
WIA
45
Western Asset Inflation-Linked Income Fund
WIA
$186M
$556K 0.18%
51,666
+4,000
+8% +$31.6K
CSTR
46
DELISTED
CapStar Financial Holdings, Inc
CSTR
$549K 0.18%
+22,126
New +$361K
CERE
47
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
$528K 0.17%
+9,400
New +$270K
OLK
48
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
$521K 0.17%
+15,620
New +$367K
CNSL
49
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$514K 0.17%
+89,200
New +$369K
ORTX
50
DELISTED
Orchard Therapeutics plc American Depositary Shares
ORTX
$514K 0.17%
+23,580
New +$371K
1
2
3 4 5

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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 2023 Portfolio in Review

As of Q4 2023, PenderFund Capital Management held 159 positions worth $307M, down 8.1% from $334M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

PenderFund Capital Management withdrew a net $145M in Q4 2023, closing 54 positions and reducing 13 holdings. Its most notable exit was Sprott Physical Gold and Silver Trust, an estimated $4.71M position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Energy.

Against the trend, PenderFund Capital Management opened a new position in National Western Life Group, Inc. Class A worth $1.15M.

  • PenderFund Capital Management's largest Q4 2023 buy was National Western Life Group, Inc. Class A: 1,800 shares worth $1.15M.
  • PenderFund Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q4 2023, an estimated $4.44M increase.
  • PenderFund Capital Management's biggest Q4 2023 reduction was Anterix, cutting an estimated $3.98M.
  • PenderFund Capital Management fully exited Sprott Physical Gold and Silver Trust in Q4 2023, selling an estimated $4.71M.
  • PenderFund Capital Management's ten largest holdings make up 61% of its $307M portfolio in Q4 2023.
  • PenderFund Capital Management opened 47 new positions and closed 54 in Q4 2023.
  • PenderFund Capital Management's portfolio value fell 8.1% quarter-over-quarter to $307M.

Based on PenderFund Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.