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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
+31.15%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$393M
AUM Growth
+$33.8M
Cap. Flow
-$146M
Cap. Flow %
-37.16%
Top 10 Hldgs %
38.94%
Holding
95
New
22
Increased
5
Reduced
24
Closed
14

Top Buys

Rank Stock Value
1
BUR icon
Burford Capital
BUR
+$12.6M
2
BIDU icon
Baidu
BIDU
+$6.2M
3
IPOF
Social Capital Hedosophia Holdings Corp. VI
IPOF
+$2.26M
4
SOFI icon
SoFi Technologies
SOFI
+$2.19M
5
TPB icon
Turning Point Brands
TPB
+$2.08M

Top Sells

Rank Stock Value
1
JE
Just Energy Group Inc
JE
+$12.4M
2
TPL icon
Texas Pacific Land
TPL
+$5.41M
3
SFIX
Stitch Fix
SFIX
+$5.39M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$4.52M
5
HBI
Hanesbrands
HBI
+$4.4M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Communication Services 13.37%
3 Financials 11.17%
4 Consumer Discretionary 5.94%
5 Real Estate 3.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TPL icon
76
Texas Pacific Land
TPL
$23.5B
– –
-80,883
Closed -$5.41M
MUI
77
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
– –
-100,000
Closed -$1.87M
MODN
78
DELISTED
MODEL N, INC.
MODN
– –
-21,754
Closed -$1.04M
WPF.U
79
DELISTED
Foley Trasimene Acquisition Corp.
WPF.U
– –
-174,100
Closed -$2.62M
JWS.U
80
DELISTED
Jaws Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one red
JWS.U
– –
-181,500
Closed -$2.68M
1 2 3
4

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PenderFund Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, PenderFund Capital Management held 95 positions worth $393M, up 9.4% from $360M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

PenderFund Capital Management withdrew a net $146M in Q4 2020, closing 14 positions and reducing 24 holdings. Its most notable exit was Texas Pacific Land, an estimated $5.41M position sold in full.

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

Against the trend, PenderFund Capital Management opened a new position in Burford Capital worth $15.9M.

  • PenderFund Capital Management's largest Q4 2020 buy was Burford Capital: 1,295,463 shares worth $15.9M.
  • PenderFund Capital Management added most to Baidu in Q4 2020, an estimated $6.2M increase.
  • PenderFund Capital Management's biggest Q4 2020 reduction was Just Energy Group Inc, cutting an estimated $12.4M.
  • PenderFund Capital Management fully exited Texas Pacific Land in Q4 2020, selling an estimated $5.41M.
  • PenderFund Capital Management's ten largest holdings make up 39% of its $393M portfolio in Q4 2020.
  • PenderFund Capital Management opened 22 new positions and closed 14 in Q4 2020.
  • PenderFund Capital Management's portfolio value rose 9.4% quarter-over-quarter to $393M.

Based on PenderFund Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.