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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
+7.45%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$423M
AUM Growth
+$55.5M
Cap. Flow
-$77.2M
Cap. Flow %
-18.26%
Top 10 Hldgs %
52.09%
Holding
206
New
65
Increased
35
Reduced
11
Closed
47

Top Buys

Rank Stock Value
1
SLV icon
iShares Silver Trust
SLV
+$7.65M
2
PSLV icon
Sprott Physical Silver Trust
PSLV
+$7.53M
3
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$6.09M
4
ESPR
Esperion Therapeutics
ESPR
+$4.68M
5
FLYY
Spirit Aviation Holdings, Inc.
FLYY
+$3.45M

Top Sells

Rank Stock Value
1
IMSRW
Terrestrial Energy Warrant
IMSRW
+$24.3M
2
TBNK
Territorial Bancorp Inc.
TBNK
+$22.6M
3
PTVE
Pactiv Evergreen Inc. Common stock
PTVE
+$12.5M
4
AGS
PlayAGS
AGS
+$11.8M
5
NEUE
NeueHealth
NEUE
+$4.04M

Sector Composition

Rank Sector Weight
1 Technology 12.04%
2 Financials 4.36%
3 Healthcare 3.83%
4 Energy 1.85%
5 Industrials 1.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WBS icon
51
Webster Financial
WBS
$12.6B
$319K 0.08%
5,838
+260
+5% +$13K
SGMA
52
DELISTED
Sigmatron International
SGMA
$308K 0.07%
+103,400
New +$207K
SVT
53
DELISTED
Servotronics
SVT
$305K 0.07%
+6,500
New +$183K
SGOV icon
54
iShares 0-3 Month Treasury Bond ETF
SGOV
$100B
$302K 0.07%
+3,000
New +$302K
TBIL
55
F/m US Treasury 3 Month Bill Fund
TBIL
$7.19B
$300K 0.07%
+6,000
New +$300K
VBIL
56
Vanguard 0-3 Month Treasury Bill ETF
VBIL
$9.37B
$295K 0.07%
+3,900
New +$294K
BIL icon
57
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.9B
$294K 0.07%
+3,200
New +$293K
BPMC
58
DELISTED
Blueprint Medicines
BPMC
$282K 0.07%
+2,200
New +$229K
GMS
59
DELISTED
GMS Inc
GMS
$272K 0.06%
+2,500
New +$193K
SIMA
60
SIM Acquisition Corp I
SIMA
$89.6M
$261K 0.06%
25,000
– –
VCIC
61
DELISTED
Vine Hill Capital Investment Corp
VCIC
$260K 0.06%
25,000
– –
TVAIU
62
Thayer Ventures Acquisition Corporation II Unit
TVAIU
$254K 0.06%
+25,000
New +$253K
SZZLU
63
Sizzle Acquisition Corp II Unit
SZZLU
$249K 0.06%
+24,448
New +$246K
ALE
64
DELISTED
Allete
ALE
$249K 0.06%
3,880
+500
+15% +$32.5K
TXNM
65
TXNM Energy Inc
TXNM
$5.94B
$248K 0.06%
+4,400
New +$240K
BLUWU
66
Blue Water Acquisition Corp III Unit
BLUWU
$216M
$247K 0.06%
+24,700
New +$247K
CGCTU
67
DELISTED
Cartesian Growth Corp III Unit
CGCTU
$244K 0.06%
+24,100
New +$242K
ETWO
68
DELISTED
E2open Parent Holdings
ETWO
$242K 0.06%
+74,900
New +$197K
BRDG
69
DELISTED
Bridge Investment Group
BRDG
$241K 0.06%
+24,100
New +$225K
CCRN
70
DELISTED
Cross Country Healthcare
CCRN
$236K 0.06%
18,100
-9,000
-33% -$124K
CTLP
71
DELISTED
Cantaloupe
CTLP
$226K 0.05%
+20,600
New +$178K
CPA icon
72
Copa Holdings
CPA
$5.96B
$225K 0.05%
2,048
+101
+5% +$9.97K
SOL
73
DELISTED
Emeren Group
SOL
$221K 0.05%
+118,298
New +$185K
HES
74
DELISTED
Hess
HES
$208K 0.05%
1,500
– –
SPTN
75
DELISTED
SpartanNash
SPTN
$193K 0.05%
+7,300
New +$146K
1 2
3
4 5

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SJIC
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BPC
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BIA
Bell Investment Advisors Oakland, California $639M AUM 13.28% 1-Year Est. Return
KCM
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SCP
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SFG
SevenBridge Financial Group Harrisburg, Pennsylvania $640M AUM 27.29% 1-Year Est. Return
FTC
Farmers Trust Company Youngstown, Ohio $637M AUM 23.14% 1-Year Est. Return
WHGAM
Wealth High Governance Asset Management Sao Paulo $641M AUM

PenderFund Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, PenderFund Capital Management held 206 positions worth $423M, up 15% from $367M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $77.2M in Q2 2025, closing 47 positions and reducing 11 holdings. Its most notable exit was Terrestrial Energy Warrant, an estimated $24.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 12% of assets, down from 19% a quarter earlier, followed by Financials and Healthcare.

Against the trend, PenderFund Capital Management opened a new position in iShares Silver Trust worth $8.2M.

  • PenderFund Capital Management's largest Q2 2025 buy was iShares Silver Trust: 250,000 shares worth $8.2M.
  • PenderFund Capital Management added most to abrdn Physical Platinum Shares ETF in Q2 2025, an estimated $6.09M increase.
  • PenderFund Capital Management's biggest Q2 2025 reduction was Zillow, cutting an estimated $1.7M.
  • PenderFund Capital Management fully exited Terrestrial Energy Warrant in Q2 2025, selling an estimated $24.3M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $423M portfolio in Q2 2025.
  • PenderFund Capital Management opened 65 new positions and closed 47 in Q2 2025.
  • PenderFund Capital Management's portfolio value rose 15% quarter-over-quarter to $423M.

Based on PenderFund Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.