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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
+7.96%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$635M
AUM Growth
+$41.9M
Cap. Flow
-$261M
Cap. Flow %
-41.08%
Top 10 Hldgs %
52.81%
Holding
298
New
97
Increased
37
Reduced
21
Closed
82

Top Buys

Rank Stock Value
1
SARO
StandardAero Inc
SARO
+$2.2M
2
ADUS icon
Addus HomeCare
ADUS
+$2.08M
3
BGSI
Boyd Group Services
BGSI
+$2M
4
FLR icon
Fluor
FLR
+$1.96M
5
DLTR icon
Dollar Tree
DLTR
+$1.95M

Top Sells

Rank Stock Value
1
EQX icon
Equinox Gold
EQX
+$48.5M
2
WEAT icon
Teucrium Wheat Fund
WEAT
+$14.3M
3
PAR icon
PAR Technology
PAR
+$13.5M
4
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$9.25M
5
ESPR
Esperion Therapeutics
ESPR
+$7.38M

Sector Composition

Rank Sector Weight
1 Technology 8.67%
2 Materials 6.89%
3 Healthcare 3.57%
4 Financials 3.5%
5 Industrials 1.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SOCA
76
Solarius Capital Acquisition Corp
SOCA
$292K 0.05%
+29,100
New +$293K
JBL icon
77
Jabil
JBL
$35.9B
$287K 0.05%
1,257
+40
+3% +$8.53K
LNSR icon
78
LENSAR
LNSR
$70.1M
$286K 0.05%
24,600
-2,400
-9% -$27.4K
MA icon
79
Mastercard
MA
$498B
$285K 0.05%
500
– –
USAS
80
Americas Gold and Silver
USAS
$1.65B
$274K 0.04%
53,400
-153,400
-74% -$690K
VCIC
81
DELISTED
Vine Hill Capital Investment Corp
VCIC
$269K 0.04%
25,000
– –
BLFY
82
DELISTED
Blue Foundry Bancorp
BLFY
$268K 0.04%
+21,600
New +$216K
CSGS
83
DELISTED
CSG Systems International
CSGS
$268K 0.04%
+3,500
New +$258K
ALEX
84
DELISTED
Alexander & Baldwin
ALEX
$256K 0.04%
+12,400
New +$215K
DHIL
85
DELISTED
Diamond Hill
DHIL
$254K 0.04%
+1,500
New +$208K
VHCPU
86
Vine Hill Capital Investment Corp II Units
VHCPU
$251K 0.04%
+25,000
New +$251K
GDOT icon
87
Green Dot
GDOT
$758M
$250K 0.04%
+19,500
New +$242K
CPA icon
88
Copa Holdings
CPA
$5.8B
$247K 0.04%
2,048
– –
ISPO
89
DELISTED
Inspirato
ISPO
$246K 0.04%
+59,100
New +$175K
BELFA icon
90
Bel Fuse Inc Class A
BELFA
$3.37B
$243K 0.04%
+1,600
New +$215K
RTAC
91
Renatus Tactical Acquisition Corp I
RTAC
$327M
$240K 0.04%
+22,500
New +$246K
FAC
92
Factorial Energy Inc
FAC
$652M
$234K 0.04%
+22,700
New +$230K
BLUW
93
Blue Water Acquisition Corp III
BLUW
$335M
$232K 0.04%
+22,500
New +$228K
IMXI icon
94
International Money Express
IMXI
$364M
$232K 0.04%
15,100
+5,600
+59% +$84.1K
GDEN
95
DELISTED
Golden Entertainment
GDEN
$231K 0.04%
+8,500
New +$220K
PRA
96
DELISTED
ProAssurance
PRA
$227K 0.04%
9,401
+1,901
+25% +$45.7K
TRUE
97
DELISTED
TrueCar
TRUE
$219K 0.03%
+97,100
New +$208K
DECK icon
98
Deckers Outdoor
DECK
$13.4B
$219K 0.03%
2,110
-22,026
-91% -$2.06M
SIMA
99
SIM Acquisition Corp I
SIMA
$216K 0.03%
20,400
-4,600
-18% -$48.6K
SEMR
100
DELISTED
Semrush
SEMR
$214K 0.03%
+18,023
New +$169K
2 3
4
5 6

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SJIC
St. James Investment Company Southlake, Texas $638M AUM 15.14% 1-Year Est. Return
BPC
Bearing Point Capital Bloomington, Minnesota $638M AUM 32.99% 1-Year Est. Return
KCM
Kultura Capital Management Park City, Utah $638M AUM
SCP
Stamos Capital Partners Menlo Park, California $640M AUM 15.65% 1-Year Est. Return
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
WCM
Woodson Capital Management Greenwich, Connecticut $636M AUM 39.33% 1-Year Est. Return

PenderFund Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, PenderFund Capital Management held 298 positions worth $635M, up 7.1% from $593M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

PenderFund Capital Management withdrew a net $261M in Q4 2025, closing 82 positions and reducing 21 holdings. Its most notable exit was Equinox Gold, an estimated $48.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.8% a quarter earlier, followed by Materials and Healthcare.

Against the trend, PenderFund Capital Management opened a new position in StandardAero Inc worth $2.31M.

  • PenderFund Capital Management's largest Q4 2025 buy was StandardAero Inc: 80,700 shares worth $2.31M.
  • PenderFund Capital Management added most to Addus HomeCare in Q4 2025, an estimated $2.08M increase.
  • PenderFund Capital Management's biggest Q4 2025 reduction was abrdn Physical Platinum Shares ETF, cutting an estimated $9.25M.
  • PenderFund Capital Management fully exited Equinox Gold in Q4 2025, selling an estimated $48.5M.
  • PenderFund Capital Management's ten largest holdings make up 53% of its $635M portfolio in Q4 2025.
  • PenderFund Capital Management opened 97 new positions and closed 82 in Q4 2025.
  • PenderFund Capital Management's portfolio value rose 7.1% quarter-over-quarter to $635M.

Based on PenderFund Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.