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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
+8.71%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$307M
AUM Growth
-$26.9M
Cap. Flow
-$145M
Cap. Flow %
-47.35%
Top 10 Hldgs %
60.78%
Holding
159
New
47
Increased
13
Reduced
13
Closed
54

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$4.44M
2
NWLI
National Western Life Group, Inc. Class A
NWLI
+$856K
3
CHS
Chicos FAS, Inc.
CHS
+$771K
4
VERY
Vericity, Inc. Common Stock
VERY
+$766K
5
SANG
Sangoma Technologies
SANG
+$633K

Top Sells

Rank Stock Value
1
CEF icon
Sprott Physical Gold and Silver Trust
CEF
+$4.71M
2
ATEX icon
Anterix
ATEX
+$3.98M
3
JD icon
JD.com
JD
+$2.24M
4
BIDU icon
Baidu
BIDU
+$2.2M
5
FAX
abrdn Asia-Pacific Income Fund
FAX
+$2.15M

Sector Composition

Rank Sector Weight
1 Technology 17.58%
2 Financials 11.18%
3 Energy 3.65%
4 Communication Services 2.61%
5 Consumer Discretionary 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRTX
51
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$511K 0.17%
+6,570
New +$369K
FRLN
52
DELISTED
Freeline Therapeutics Holdings plc American Depositary Shares
FRLN
$509K 0.17%
+60,401
New +$323K
CPRI icon
53
Capri Holdings
CPRI
$1.7B
$502K 0.16%
7,540
-4,840
-39% -$241K
DMYY
54
DELISTED
dMY Squared
DMYY
$490K 0.16%
+34,900
New +$369K
NOC icon
55
Northrop Grumman
NOC
$80.7B
$465K 0.15%
750
– –
STWD icon
56
Starwood Property Trust
STWD
$5.9B
$465K 0.15%
16,700
-14,700
-47% -$289K
DSKE
57
DELISTED
Daseke, Inc. Common Stock
DSKE
$463K 0.15%
+43,144
New +$209K
MMM icon
58
3M
MMM
$93.2B
$455K 0.15%
3,755
– –
ESMT
59
DELISTED
EngageSmart, Inc.
ESMT
$430K 0.14%
+14,173
New +$314K
DG icon
60
Dollar General
DG
$28.1B
$407K 0.13%
2,260
-800
-26% -$97K
DEVS
61
DELISTED
DevvStream Corp
DEVS
$364K 0.12%
+2,510
New +$273K
GHIX
62
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$359K 0.12%
+25,800
New +$270K
USAR
63
USA Rare Earth Inc
USAR
$4.26B
$342K 0.11%
25,000
– –
GRCL
64
DELISTED
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
$300K 0.1%
+22,570
New +$102K
ICVX
65
DELISTED
Icosavax, Inc. Common Stock
ICVX
$280K 0.09%
+13,388
New +$129K
CLBR.U
66
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
$267K 0.09%
+20,000
New +$201K
NVAC
67
DELISTED
NorthView Acquisition Corporation Common Stock
NVAC
$246K 0.08%
+16,600
New +$181K
MSSA
68
DELISTED
Metal Sky Star Acquisition Corporation Ordinary shares
MSSA
$239K 0.08%
+16,500
New +$180K
EGLE
69
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$213K 0.07%
+2,900
New +$131K
TGH
70
DELISTED
Textainer Group Holdings limited
TGH
$182K 0.06%
+2,790
New +$128K
CCLP
71
DELISTED
CSI Compressco LP
CCLP
$179K 0.06%
+82,906
New +$124K
AMBR
72
Amber International Holding Ltd
AMBR
$128M
$158K 0.05%
+31,200
New +$88.2K
RYZB
73
DELISTED
RayzeBio, Inc. Common Stock
RYZB
$148K 0.05%
+1,800
New +$44.7K
PGTI
74
DELISTED
PGT, Inc.
PGTI
$129K 0.04%
+2,400
New +$78K
TARO
75
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
$122K 0.04%
+2,200
New +$81.1K
1 2
3
4 5

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WHGAM
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WCM
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PenderFund Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, PenderFund Capital Management held 159 positions worth $307M, down 8.1% from $334M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

PenderFund Capital Management withdrew a net $145M in Q4 2023, closing 54 positions and reducing 13 holdings. Its most notable exit was Sprott Physical Gold and Silver Trust, an estimated $4.71M position sold in full.

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

Against the trend, PenderFund Capital Management opened a new position in National Western Life Group, Inc. Class A worth $1.15M.

  • PenderFund Capital Management's largest Q4 2023 buy was National Western Life Group, Inc. Class A: 1,800 shares worth $1.15M.
  • PenderFund Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q4 2023, an estimated $4.44M increase.
  • PenderFund Capital Management's biggest Q4 2023 reduction was Anterix, cutting an estimated $3.98M.
  • PenderFund Capital Management fully exited Sprott Physical Gold and Silver Trust in Q4 2023, selling an estimated $4.71M.
  • PenderFund Capital Management's ten largest holdings make up 61% of its $307M portfolio in Q4 2023.
  • PenderFund Capital Management opened 47 new positions and closed 54 in Q4 2023.
  • PenderFund Capital Management's portfolio value fell 8.1% quarter-over-quarter to $307M.

Based on PenderFund Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.