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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
INFA
76
DELISTED
Informatica
INFA
$190K 0.04%
+7,800
New +$161K
BSAAU
77
BEST SPAC I Acquisition Corp Unit
BSAAU
$60.1M
$186K 0.04%
+18,500
New +$186K
MTAL
78
DELISTED
Metals Acquisition
MTAL
$181K 0.04%
+15,000
New +$155K
BRKL
79
DELISTED
Brookline Bancorp
BRKL
$173K 0.04%
+16,430
New +$171K
PRA
80
DELISTED
ProAssurance
PRA
$171K 0.04%
7,500
+2,400
+47% +$55.4K
LYTS icon
81
LSI Industries
LYTS
$918M
$168K 0.04%
9,868
+714
+8% +$11.5K
THTX
82
DELISTED
Theratechnologies
THTX
$167K 0.04%
+69,900
New +$171K
CHACU
83
DELISTED
Crane Harbor Acquistion Corp Units
CHACU
$154K 0.04%
+14,700
New +$149K
NPACU
84
New Providence Acquisition Corp III Units
NPACU
$282M
$154K 0.04%
+14,700
New +$151K
FNF icon
85
Fidelity National Financial
FNF
$13.8B
$151K 0.04%
2,694
+228
+9% +$13.3K
STRM
86
DELISTED
Streamline Health Solutions
STRM
$145K 0.03%
+27,972
New +$96.4K
ANSS
87
DELISTED
Ansys
ANSS
$123K 0.03%
+350
New +$115K
WENNU
88
Wen Acquisition Corp Unit
WENNU
$273M
$106K 0.03%
+10,000
New +$106K
FERAU
89
Fifth Era Acquisition Corp I Units
FERAU
$220M
$105K 0.02%
10,100
– –
PMTRU
90
Perimeter Acquisition Corp I Unit
PMTRU
$195M
$105K 0.02%
+10,000
New +$103K
TONT
91
Graf Global Corp
TONT
$153M
$105K 0.02%
10,000
– –
LWACU
92
LightWave Acquisition Corp Units
LWACU
$199M
$101K 0.02%
+10,000
New +$100K
VERV
93
DELISTED
Verve Therapeutics
VERV
$98.8K 0.02%
+8,800
New +$50.2K
BASE
94
DELISTED
Couchbase
BASE
$97.5K 0.02%
+4,000
New +$72.7K
ISOU
95
IsoEnergy Ltd
ISOU
$647M
$93.3K 0.02%
+13,100
New +$92.8K
NXE icon
96
NexGen Energy
NXE
$6.65B
$80.6K 0.02%
11,600
– –
SAGE
97
DELISTED
Sage Therapeutics
SAGE
$75.7K 0.02%
+8,300
New +$61K
ELEV
98
DELISTED
Elevation Oncology
ELEV
$71.8K 0.02%
+195,700
New +$65.3K
STR
99
DELISTED
Sitio Royalties
STR
$71.7K 0.02%
+3,900
New +$70K
FROG icon
100
JFrog
FROG
$10.2B
$65.8K 0.02%
1,500
– –
2 3
4
5 6

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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
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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.