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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
+11.47%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$356M
AUM Growth
+$59.1M
Cap. Flow
-$111M
Cap. Flow %
-31.07%
Top 10 Hldgs %
47.22%
Holding
67
New
6
Increased
11
Reduced
12
Closed
13

Top Buys

Rank Stock Value
1
BBU
Brookfield Business Partners
BBU
+$2.85M
2
EGAN icon
eGain
EGAN
+$2.42M
3
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$2.03M
4
HHH icon
Howard Hughes
HHH
+$1.87M
5
BN icon
Brookfield
BN
+$1.44M

Top Sells

Rank Stock Value
1
CARB
Carbonite Inc
CARB
+$12.3M
2
Z icon
Zillow
Z
+$10.5M
3
SWIR
Sierra Wireless
SWIR
+$10.2M
4
TRIP icon
TripAdvisor
TRIP
+$8.19M
5
BIDU icon
Baidu
BIDU
+$6.01M

Sector Composition

Rank Sector Weight
1 Technology 19.73%
2 Real Estate 8.33%
3 Consumer Discretionary 8.1%
4 Communication Services 7.76%
5 Financials 7.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUI
51
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
– –
-180,000
Closed -$2.52M
SWIR
52
DELISTED
Sierra Wireless
SWIR
– –
-713,039
Closed -$10.2M
MCA
53
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
– –
-65,000
Closed -$926K
NMY
54
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
– –
-60,000
Closed -$799K
JE
55
DELISTED
Just Energy Group Inc
JE
– –
-10,697
Closed -$1.11M
CARB
56
DELISTED
Carbonite Inc
CARB
– –
-761,200
Closed -$12.3M
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 Q4 2019 Portfolio in Review

As of Q4 2019, PenderFund Capital Management held 67 positions worth $356M, up 20% from $297M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

PenderFund Capital Management withdrew a net $111M in Q4 2019, closing 13 positions and reducing 12 holdings. Its most notable exit was Carbonite Inc, an estimated $12.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 24% a quarter earlier, followed by Real Estate and Consumer Discretionary.

Against the trend, PenderFund Capital Management opened a new position in Brookfield Business Partners worth $3.79M.

  • PenderFund Capital Management's largest Q4 2019 buy was Brookfield Business Partners: 109,932 shares worth $3.79M.
  • PenderFund Capital Management added most to eGain in Q4 2019, an estimated $2.42M increase.
  • PenderFund Capital Management's biggest Q4 2019 reduction was Baidu, cutting an estimated $6.01M.
  • PenderFund Capital Management fully exited Carbonite Inc in Q4 2019, selling an estimated $12.3M.
  • PenderFund Capital Management's ten largest holdings make up 47% of its $356M portfolio in Q4 2019.
  • PenderFund Capital Management opened 6 new positions and closed 13 in Q4 2019.
  • PenderFund Capital Management's portfolio value rose 20% quarter-over-quarter to $356M.

Based on PenderFund Capital Management's 13F filing for Q4 2019, filed 5 Feb 2020.