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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
+7.45%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$423M
AUM Growth
+$55.5M
Cap. Flow
-$77.2M
Cap. Flow %
-18.26%
Top 10 Hldgs %
52.09%
Holding
206
New
65
Increased
35
Reduced
11
Closed
47

Top Buys

Rank Stock Value
1
SLV icon
iShares Silver Trust
SLV
+$7.65M
2
PSLV icon
Sprott Physical Silver Trust
PSLV
+$7.53M
3
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$6.09M
4
ESPR
Esperion Therapeutics
ESPR
+$4.68M
5
FLYY
Spirit Aviation Holdings, Inc.
FLYY
+$3.45M

Top Sells

Rank Stock Value
1
IMSRW
Terrestrial Energy Warrant
IMSRW
+$24.3M
2
TBNK
Territorial Bancorp Inc.
TBNK
+$22.6M
3
PTVE
Pactiv Evergreen Inc. Common stock
PTVE
+$12.5M
4
AGS
PlayAGS
AGS
+$11.8M
5
NEUE
NeueHealth
NEUE
+$4.04M

Sector Composition

Rank Sector Weight
1 Technology 12.04%
2 Financials 4.36%
3 Healthcare 3.83%
4 Energy 1.85%
5 Industrials 1.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LAD icon
26
Lithia Motors
LAD
$8.31B
$811K 0.19%
2,400
– –
JNPR
27
DELISTED
Juniper Networks
JNPR
$719K 0.17%
18,000
+15,000
+500% +$538K
ELV icon
28
Elevance Health
ELV
$83B
$700K 0.17%
1,800
– –
WIA
29
Western Asset Inflation-Linked Income Fund
WIA
$185M
$638K 0.15%
75,932
+16,600
+28% +$136K
LPAA
30
DELISTED
Launch One Acquisition Corp
LPAA
$625K 0.15%
60,000
– –
EDD
31
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$377M
$616K 0.15%
120,332
-2,314
-2% -$11.3K
AMAT icon
32
Applied Materials
AMAT
$411B
$586K 0.14%
+3,200
New +$507K
DNB
33
DELISTED
Dun & Bradstreet
DNB
$560K 0.13%
61,600
+28,500
+86% +$255K
SBUX icon
34
Starbucks
SBUX
$118B
$543K 0.13%
5,930
– –
SATX
35
DELISTED
SatixFy Communications
SATX
$512K 0.12%
+174,579
New +$422K
SKX
36
DELISTED
Skechers
SKX
$505K 0.12%
+8,000
New +$459K
EVRI
37
DELISTED
Everi Holdings
EVRI
$504K 0.12%
35,400
-4,200
-11% -$58.7K
TGI
38
DELISTED
Triumph Group
TGI
$500K 0.12%
19,400
– –
AVDX
39
DELISTED
AvidXchange
AVDX
$495K 0.12%
+50,600
New +$456K
SWTX
40
DELISTED
SpringWorks Therapeutics
SWTX
$493K 0.12%
+10,500
New +$467K
VIGL
41
DELISTED
Vigil Neuroscience
VIGL
$437K 0.1%
+55,000
New +$247K
NVEE
42
DELISTED
NV5 Global
NVEE
$413K 0.1%
+17,900
New +$358K
LNSR icon
43
LENSAR
LNSR
$66.1M
$396K 0.09%
30,100
+13,400
+80% +$181K
JBL icon
44
Jabil
JBL
$33.4B
$392K 0.09%
1,798
+77
+4% +$12.5K
TACHU
45
Titan Acquisition Corp Units
TACHU
$382K 0.09%
+36,600
New +$370K
FARO
46
DELISTED
Faro Technologies
FARO
$373K 0.09%
+8,500
New +$311K
INZY
47
DELISTED
Inozyme Pharma
INZY
$363K 0.09%
+90,700
New +$225K
GB
48
DELISTED
Global Blue Group Holding
GB
$357K 0.08%
47,800
– –
ESGR
49
DELISTED
Enstar Group
ESGR
$336K 0.08%
1,000
-200
-17% -$66.9K
SOUL.U
50
Soulpower Acquisition Corp Units
SOUL.U
$270M
$321K 0.08%
+30,051
New +$302K
1
2
3 4 5

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BPC
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BIA
Bell Investment Advisors Oakland, California $639M AUM 13.28% 1-Year Est. Return
KCM
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SCP
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SFG
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FTC
Farmers Trust Company Youngstown, Ohio $637M AUM 23.14% 1-Year Est. Return
WHGAM
Wealth High Governance Asset Management Sao Paulo $641M AUM

PenderFund Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, PenderFund Capital Management held 206 positions worth $423M, up 15% from $367M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $77.2M in Q2 2025, closing 47 positions and reducing 11 holdings. Its most notable exit was Terrestrial Energy Warrant, an estimated $24.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 12% of assets, down from 19% a quarter earlier, followed by Financials and Healthcare.

Against the trend, PenderFund Capital Management opened a new position in iShares Silver Trust worth $8.2M.

  • PenderFund Capital Management's largest Q2 2025 buy was iShares Silver Trust: 250,000 shares worth $8.2M.
  • PenderFund Capital Management added most to abrdn Physical Platinum Shares ETF in Q2 2025, an estimated $6.09M increase.
  • PenderFund Capital Management's biggest Q2 2025 reduction was Zillow, cutting an estimated $1.7M.
  • PenderFund Capital Management fully exited Terrestrial Energy Warrant in Q2 2025, selling an estimated $24.3M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $423M portfolio in Q2 2025.
  • PenderFund Capital Management opened 65 new positions and closed 47 in Q2 2025.
  • PenderFund Capital Management's portfolio value rose 15% quarter-over-quarter to $423M.

Based on PenderFund Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.