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PenderFund Capital Management Portfolio holdings

AUM $780M
1-Year Est. Return 24.84%
This Fund
S&P 500
This Quarter Est. Return
+2.36%
1 Year Est. Return
+24.84%
3 Year Est. Return
+129.27%
5 Year Est. Return
+115.17%
10 Year Est. Return
–
AUM
$780M
AUM Growth
+$142M
Cap. Flow
-$394M
Cap. Flow %
-50.45%
Top 10 Hldgs %
52.1%
Holding
319
New
65
Increased
76
Reduced
41
Closed
88

Top Buys

Rank Stock Value
1
WEAT icon
Teucrium Wheat Fund
WEAT
+$16.2M
2
SANG
Sangoma Technologies
SANG
+$6.06M
3
BMM
Blue Moon Metals Inc
BMM
+$4.34M
4
CP icon
Canadian Pacific Kansas City
CP
+$2.31M
5
AMZN icon
Amazon
AMZN
+$1.53M

Top Sells

Rank Stock Value
1
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$13.9M
2
EQX icon
Equinox Gold
EQX
+$11.7M
3
MDA
MDA Space Ltd
MDA
+$9.17M
4
TSAT icon
Telesat
TSAT
+$7.06M
5
BUR icon
Burford Capital
BUR
+$1.88M

Sector Composition

Rank Sector Weight
1 Miscellaneous 78.9%
2 Technology 6.82%
3 Financials 3.39%
4 Industrials 3.09%
5 Healthcare 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SZZL
76
Sizzle Acquisition Corp II
SZZL
$478K 0.06%
46,080
+2,438
+6% +$25.2K
IAG icon
77
IAMGOLD
IAG
$11.7B
$471K 0.06%
+29,700
New +$519K
TXNM
78
TXNM Energy Inc
TXNM
$5.98B
$466K 0.06%
8,200
+2,800
+52% +$164K
WBD icon
79
Warner Bros
WBD
$70.8B
$464K 0.06%
17,400
-4,900
-22% -$133K
WPM icon
80
Wheaton Precious Metals
WPM
$70.4B
$416K 0.05%
3,700
-3,700
-50% -$481K
XENE icon
81
Xenon Pharmaceuticals
XENE
$5.79B
$413K 0.05%
6,850
– –
AVNS
82
DELISTED
Avanos Medical
AVNS
$413K 0.05%
+16,600
New +$389K
AES icon
83
AES
AES
$10.6B
$408K 0.05%
27,800
+11,400
+70% +$166K
TVAI
84
Thayer Ventures Acquisition Corporation II
TVAI
$401K 0.05%
38,800
+2,800
+8% +$28.8K
KVAC
85
DELISTED
Keen Vision Acquisition Corp
KVAC
$396K 0.05%
+32,000
New +$391K
XCBE
86
X3 Acquisition Corp
XCBE
$281M
$392K 0.05%
39,202
+24,202
+161% +$240K
NPAC
87
New Providence Acquisition Corp III
NPAC
$403M
$390K 0.05%
37,600
+24,900
+196% +$257K
PACH
88
Pioneer Acquisition I Corp
PACH
$294M
$390K 0.05%
38,172
+22,972
+151% +$234K
LPCV
89
Launchpad Cadenza Acquisition Corp I
LPCV
$389K 0.05%
39,013
+34,013
+680% +$339K
MKLY
90
McKinley Acquisition Corp
MKLY
$250M
$388K 0.05%
38,243
+23,343
+157% +$237K
NOEM
91
CO2 Energy Transition Corp
NOEM
$39.7M
$376K 0.05%
+35,600
New +$371K
LPRO
92
DELISTED
Open Lending Corp
LPRO
$375K 0.05%
+120,700
New +$247K
PEN icon
93
Penumbra
PEN
$12.7B
$369K 0.05%
1,170
– –
NOW icon
94
ServiceNow
NOW
$146B
$367K 0.05%
3,700
– –
RAMP icon
95
LiveRamp
RAMP
$2.3B
$365K 0.05%
+9,700
New +$320K
SORN
96
Soren Acquisition Corp
SORN
$363K 0.05%
36,600
+31,600
+632% +$314K
IHS icon
97
IHS Holding
IHS
$2.87B
$361K 0.05%
43,800
+3,500
+9% +$28.9K
TALK
98
DELISTED
Talkspace
TALK
$360K 0.05%
69,300
+32,400
+88% +$168K
RTAC
99
Renatus Tactical Acquisition Corp I
RTAC
$329M
$360K 0.05%
34,369
+11,869
+53% +$123K
BUR icon
100
Burford Capital
BUR
$955M
$356K 0.05%
86,920
-411,070
-83% -$1.88M
2 3
4
5 6

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SAM
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QCM
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ABWM
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AC
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HI
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MAM
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LTI
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PenderFund Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, PenderFund Capital Management held 319 positions worth $780M, up 22% from $639M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $394M in Q2 2026, closing 88 positions and reducing 41 holdings. Its most notable exit was Equinox Gold, an estimated $11.7M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, up from 75% a quarter earlier, followed by Technology and Financials.

Against the trend, PenderFund Capital Management opened a new position in Teucrium Wheat Fund worth $15.3M.

  • PenderFund Capital Management's largest Q2 2026 buy was Teucrium Wheat Fund: 696,000 shares worth $15.3M.
  • PenderFund Capital Management added most to Sangoma Technologies in Q2 2026, an estimated $6.06M increase.
  • PenderFund Capital Management's biggest Q2 2026 reduction was abrdn Physical Platinum Shares ETF, cutting an estimated $13.9M.
  • PenderFund Capital Management fully exited Equinox Gold in Q2 2026, selling an estimated $11.7M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $780M portfolio in Q2 2026.
  • PenderFund Capital Management opened 65 new positions and closed 88 in Q2 2026.
  • PenderFund Capital Management's portfolio value rose 22% quarter-over-quarter to $780M.

Based on PenderFund Capital Management's 13F filing for Q2 2026, filed 17 Aug 2026.