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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
-5.72%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$297M
AUM Growth
+$17.1M
Cap. Flow
-$42.8M
Cap. Flow %
-14.4%
Top 10 Hldgs %
40.55%
Holding
71
New
3
Increased
15
Reduced
17
Closed
7

Top Buys

Rank Stock Value
1
CARB
Carbonite Inc
CARB
+$6.97M
2
BB icon
BlackBerry
BB
+$2.88M
3
EGAN icon
eGain
EGAN
+$2.72M
4
MIDD icon
Middleby
MIDD
+$2.67M
5
ACNT icon
Ascent Industries
ACNT
+$2.4M

Top Sells

Rank Stock Value
1
KKR icon
KKR & Co
KKR
+$3.76M
2
ASUR icon
Asure Software
ASUR
+$3.63M
3
ESI icon
Element Solutions
ESI
+$3.59M
4
HHH icon
Howard Hughes
HHH
+$3.53M
5
NMY
Nuveen Maryland Quality Municipal Income Fund
NMY
+$3.51M

Sector Composition

Rank Sector Weight
1 Technology 23.8%
2 Consumer Discretionary 9.45%
3 Communication Services 7.71%
4 Real Estate 7.67%
5 Financials 6.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UUUU.WS
51
DELISTED
Energy Fuels Inc.
UUUU.WS
$149K 0.05%
200,000
– –
ASUR icon
52
Asure Software
ASUR
$232M
– –
-402,696
Closed -$3.63M
ATEX icon
53
Anterix
ATEX
$1.81B
– –
-50
Closed –
GOOG icon
54
Alphabet (Google) Class C
GOOG
$4.45T
– –
-3,500
Closed -$220K
JEF icon
55
Jefferies Financial Group
JEF
$12.6B
– –
-16,198
Closed -$312K
NAN icon
56
Nuveen New York Quality Municipal Income Fund
NAN
$367M
– –
-150,000
Closed -$2.11M
V icon
57
Visa
V
$690B
– –
-1,460
Closed -$267K
MODN
58
DELISTED
MODEL N, INC.
MODN
– –
-111,051
Closed -$2.41M
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 Q3 2019 Portfolio in Review

As of Q3 2019, PenderFund Capital Management held 71 positions worth $297M, up 6.1% from $280M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

PenderFund Capital Management withdrew a net $42.8M in Q3 2019, closing 7 positions and reducing 17 holdings. Its most notable exit was Asure Software, an estimated $3.63M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, PenderFund Capital Management opened a new position in Trekor Metals worth $1.9M.

  • PenderFund Capital Management's largest Q3 2019 buy was Trekor Metals: 3,338,319 shares worth $1.9M.
  • PenderFund Capital Management added most to Carbonite Inc in Q3 2019, an estimated $6.97M increase.
  • PenderFund Capital Management's biggest Q3 2019 reduction was KKR & Co, cutting an estimated $3.76M.
  • PenderFund Capital Management fully exited Asure Software in Q3 2019, selling an estimated $3.63M.
  • PenderFund Capital Management's ten largest holdings make up 41% of its $297M portfolio in Q3 2019.
  • PenderFund Capital Management opened 3 new positions and closed 7 in Q3 2019.
  • PenderFund Capital Management's portfolio value rose 6.1% quarter-over-quarter to $297M.

Based on PenderFund Capital Management's 13F filing for Q3 2019, filed 29 Oct 2019.