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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
+2.3%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$334M
AUM Growth
+$12M
Cap. Flow
-$97.9M
Cap. Flow %
-29.34%
Top 10 Hldgs %
52.21%
Holding
162
New
52
Increased
11
Reduced
11
Closed
49

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$9.25M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$8.93M
3
CEF icon
Sprott Physical Gold and Silver Trust
CEF
+$3.63M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$1.21M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$1.13M

Top Sells

Rank Stock Value
1
FAX
abrdn Asia-Pacific Income Fund
FAX
+$3.76M
2
BKI
Black Knight, Inc. Common Stock
BKI
+$1.95M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$1.53M
4
DSEY
Diversey Holdings, Ltd. Ordinary Shares
DSEY
+$1.53M
5
RADI
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
+$1.53M

Sector Composition

Rank Sector Weight
1 Technology 16.61%
2 Financials 11.33%
3 Communication Services 5.32%
4 Energy 4.08%
5 Consumer Discretionary 2.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCU
51
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$887K 0.27%
+56,280
New +$616K
CPRI icon
52
Capri Holdings
CPRI
$1.75B
$885K 0.27%
+12,380
New +$561K
ICPT
53
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$877K 0.26%
+34,840
New +$394K
FRGI
54
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$876K 0.26%
+76,220
New +$626K
CELL
55
DELISTED
PhenomeX Inc. Common Stock
CELL
$862K 0.26%
+635,800
New +$487K
STWD icon
56
Starwood Property Trust
STWD
$6.09B
$825K 0.25%
31,400
– –
KW
57
DELISTED
Kennedy-Wilson Holdings
KW
$824K 0.25%
41,150
– –
SOVO
58
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$821K 0.25%
+26,810
New +$564K
RPT
59
Rithm Property Trust
RPT
$94.1M
$780K 0.23%
+14,865
New +$601K
LBRDK icon
60
Liberty Broadband Class C
LBRDK
$5.16B
$775K 0.23%
6,250
– –
SAVE
61
DELISTED
Spirit Airlines, Inc.
SAVE
$760K 0.23%
33,930
– –
SGEN
62
DELISTED
Seagen Inc. Common Stock
SGEN
$758K 0.23%
2,630
– –
SSYS icon
63
Stratasys
SSYS
$777M
$755K 0.23%
+40,840
New +$646K
HZNP
64
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$680K 0.2%
4,330
+540
+14% +$58K
NEWR
65
DELISTED
New Relic, Inc.
NEWR
$659K 0.2%
+5,670
New +$457K
SBUX icon
66
Starbucks
SBUX
$122B
$648K 0.19%
5,230
– –
BOAC
67
DELISTED
Bluescape Opportunities Acquisition Corp.
BOAC
$638K 0.19%
46,852
– –
NOA
68
North American Construction
NOA
$396M
$586K 0.18%
19,900
– –
ARCE
69
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
$581K 0.17%
+31,023
New +$409K
FSV icon
70
FirstService
FSV
$6.31B
$537K 0.16%
2,720
– –
AMNB
71
DELISTED
American National Bankshares Inc
AMNB
$534K 0.16%
+10,370
New +$388K
WIA
72
Western Asset Inflation-Linked Income Fund
WIA
$186M
$506K 0.15%
47,666
+47,536
+36,566% +$392K
OKLO
73
Oklo
OKLO
$8.57B
$489K 0.15%
34,776
– –
NOC icon
74
Northrop Grumman
NOC
$81.1B
$448K 0.13%
750
– –
DG icon
75
Dollar General
DG
$28B
$440K 0.13%
+3,060
New +$456K
1 2
3
4 5

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SCP
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SFG
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WHGAM
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WCM
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PenderFund Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, PenderFund Capital Management held 162 positions worth $334M, up 3.7% from $322M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $97.9M in Q3 2023, closing 49 positions and reducing 11 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $1.95M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Communication Services.

Against the trend, PenderFund Capital Management opened a new position in Nuveen Quality Municipal Income Fund worth $11.7M.

  • PenderFund Capital Management's largest Q3 2023 buy was Nuveen Quality Municipal Income Fund: 850,000 shares worth $11.7M.
  • PenderFund Capital Management added most to Nuveen Municipal Credit Income Fund in Q3 2023, an estimated $1.21M increase.
  • PenderFund Capital Management's biggest Q3 2023 reduction was abrdn Asia-Pacific Income Fund, cutting an estimated $3.76M.
  • PenderFund Capital Management fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $1.95M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $334M portfolio in Q3 2023.
  • PenderFund Capital Management opened 52 new positions and closed 49 in Q3 2023.
  • PenderFund Capital Management's portfolio value rose 3.7% quarter-over-quarter to $334M.

Based on PenderFund Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.