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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
-15.92%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$302M
AUM Growth
-$19.6M
Cap. Flow
-$51.2M
Cap. Flow %
-16.94%
Top 10 Hldgs %
42.9%
Holding
78
New
9
Increased
15
Reduced
17
Closed
8

Top Buys

Rank Stock Value
1
SSNC icon
SS&C Technologies
SSNC
+$10.8M
2
KKR icon
KKR & Co
KKR
+$7.7M
3
WYNN icon
Wynn Resorts
WYNN
+$5.5M
4
MCHP icon
Microchip Technology
MCHP
+$5.19M
5
MODN
MODEL N, INC.
MODN
+$4.48M

Top Sells

Rank Stock Value
1
LILA icon
Liberty Latin America Class A
LILA
+$10.6M
2
ENOV icon
Enovis
ENOV
+$9.18M
3
AIG.WS
American International Group, Inc.
AIG.WS
+$5.17M
4
JD icon
JD.com
JD
+$4.73M
5
BIDU icon
Baidu
BIDU
+$4.29M

Sector Composition

Rank Sector Weight
1 Technology 21.42%
2 Communication Services 12.27%
3 Consumer Discretionary 12.25%
4 Real Estate 9.53%
5 Materials 6.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
51
Berkshire Hathaway Class B
BRK.B
$1.1T
$243K 0.08%
900
– –
SBUX icon
52
Starbucks
SBUX
$119B
$231K 0.08%
2,700
-4,500
-63% -$282K
UUUU.WS
53
DELISTED
Energy Fuels Inc.
UUUU.WS
$220K 0.07%
200,000
– –
DBRG icon
54
DigitalBridge
DBRG
$2.93B
$191K 0.06%
+6,500
New +$149K
BNS icon
55
Scotiabank
BNS
$107B
$5K ﹤0.01%
375
-4,665
-93% -$252K
DAIO icon
56
Data I/O
DAIO
$29.8M
$4K ﹤0.01%
500
– –
NWL icon
57
Newell Brands
NWL
$2.76B
$0 ﹤0.01%
11,000
+3,700
+51% +$73.6K
QMCO icon
58
Quantum Corp
QMCO
$425M
– –
-29,209
Closed -$1.89M
SD icon
59
SandRidge Energy
SD
$505M
– –
-20,000
Closed -$217K
UL icon
60
Unilever
UL
$138B
– –
-3,111
Closed -$243K
NM
61
DELISTED
Navios Maritime Holdings Inc.
NM
– –
-571,927
Closed -$3.9M
MAXR
62
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
– –
-59,693
Closed -$2.36M
AIG.WS
63
DELISTED
American International Group, Inc.
AIG.WS
– –
-284,614
Closed -$5.17M
OAK
64
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
– –
-5,130
Closed -$269K
DHXM
65
DELISTED
DHX Media Ltd. Common Voting and Variable Voting Shares
DHXM
– –
-1,070,600
Closed -$2.27M
1 2
3

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PenderFund Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, PenderFund Capital Management held 78 positions worth $302M, down 6.1% from $322M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

PenderFund Capital Management withdrew a net $51.2M in Q4 2018, closing 8 positions and reducing 17 holdings. Its most notable exit was American International Group, Inc., an estimated $5.17M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, PenderFund Capital Management opened a new position in SS&C Technologies worth $14.4M.

  • PenderFund Capital Management's largest Q4 2018 buy was SS&C Technologies: 222,800 shares worth $14.4M.
  • PenderFund Capital Management added most to KKR & Co in Q4 2018, an estimated $7.7M increase.
  • PenderFund Capital Management's biggest Q4 2018 reduction was Liberty Latin America Class A, cutting an estimated $10.6M.
  • PenderFund Capital Management fully exited American International Group, Inc. in Q4 2018, selling an estimated $5.17M.
  • PenderFund Capital Management's ten largest holdings make up 43% of its $302M portfolio in Q4 2018.
  • PenderFund Capital Management opened 9 new positions and closed 8 in Q4 2018.
  • PenderFund Capital Management's portfolio value fell 6.1% quarter-over-quarter to $302M.

Based on PenderFund Capital Management's 13F filing for Q4 2018, filed 24 Jan 2019.