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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
-13.59%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$320M
AUM Growth
-$35.9M
Cap. Flow
-$120M
Cap. Flow %
-37.36%
Top 10 Hldgs %
47.54%
Holding
69
New
13
Increased
11
Reduced
7
Closed
13

Top Buys

Rank Stock Value
1
Z icon
Zillow
Z
+$8.8M
2
EBIX
Ebix Inc
EBIX
+$8.69M
3
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$4.84M
4
BLW icon
BlackRock Limited Duration Income Trust
BLW
+$4.53M
5
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$4.33M

Top Sells

Rank Stock Value
1
MIDD icon
Middleby
MIDD
+$10.7M
2
WYNN icon
Wynn Resorts
WYNN
+$8M
3
DBRG icon
DigitalBridge
DBRG
+$5.27M
4
SSNC icon
SS&C Technologies
SSNC
+$4.63M
5
JD icon
JD.com
JD
+$4.58M

Sector Composition

Rank Sector Weight
1 Technology 16.57%
2 Communication Services 5.23%
3 Financials 4.54%
4 Consumer Discretionary 4.51%
5 Real Estate 4.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WYNN icon
51
Wynn Resorts
WYNN
$10.6B
– –
-44,400
Closed -$8M
YTRA icon
52
Yatra Online
YTRA
$52.6M
– –
-54,112
Closed -$221K
TPC
53
Tutor Perini Cor
TPC
$5.21B
– –
-20,400
Closed -$341K
QUMU
54
DELISTED
Qumu Corp.
QUMU
– –
-500,000
Closed -$1.69M
PCOM
55
DELISTED
Points.com Inc. Common Shares
PCOM
– –
-195,857
Closed -$3.88M
LLEX
56
DELISTED
Lilis Energy, Inc. Common Stock
LLEX
– –
-2,825,000
Closed -$1.39M
1 2
3

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PenderFund Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, PenderFund Capital Management held 69 positions worth $320M, down 10% from $356M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

PenderFund Capital Management withdrew a net $120M in Q1 2020, closing 13 positions and reducing 7 holdings. Its most notable exit was Middleby, an estimated $10.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 20% a quarter earlier, followed by Communication Services and Financials.

Against the trend, PenderFund Capital Management opened a new position in Zillow worth $9.66M.

  • PenderFund Capital Management's largest Q1 2020 buy was Zillow: 190,574 shares worth $9.66M.
  • PenderFund Capital Management added most to Western Asset Inflation-Linked Opportunities & Income Fund in Q1 2020, an estimated $2.23M increase.
  • PenderFund Capital Management's biggest Q1 2020 reduction was SS&C Technologies, cutting an estimated $4.63M.
  • PenderFund Capital Management fully exited Middleby in Q1 2020, selling an estimated $10.7M.
  • PenderFund Capital Management's ten largest holdings make up 48% of its $320M portfolio in Q1 2020.
  • PenderFund Capital Management opened 13 new positions and closed 13 in Q1 2020.
  • PenderFund Capital Management's portfolio value fell 10% quarter-over-quarter to $320M.

Based on PenderFund Capital Management's 13F filing for Q1 2020, filed 27 Apr 2020.