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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
+3.7%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$465M
AUM Growth
+$31.2M
Cap. Flow
-$180M
Cap. Flow %
-38.72%
Top 10 Hldgs %
61.64%
Holding
191
New
54
Increased
23
Reduced
14
Closed
62

Top Buys

Rank Stock Value
1
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$11.1M
2
LSPD icon
Lightspeed Commerce
LSPD
+$6.09M
3
MRVI icon
Maravai LifeSciences
MRVI
+$3.73M
4
MOH icon
Molina Healthcare
MOH
+$2.94M
5
SANG
Sangoma Technologies
SANG
+$2.54M

Top Sells

Rank Stock Value
1
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$6.48M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$3.01M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$2.91M
4
TPL icon
Texas Pacific Land
TPL
+$1.99M
5
IBKR icon
Interactive Brokers
IBKR
+$1.68M

Sector Composition

Rank Sector Weight
1 Technology 19.38%
2 Financials 6.51%
3 Healthcare 2.72%
4 Communication Services 1.99%
5 Energy 1.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRSN icon
101
VeriSign
VRSN
$26.7B
$8.63K ﹤0.01%
+29
New +$5.46K
ITRI icon
102
Itron
ITRI
$4.5B
$7.8K ﹤0.01%
+50
New +$5.59K
EL icon
103
Estee Lauder
EL
$31.4B
$7.65K ﹤0.01%
+71
New +$5.61K
XPEL icon
104
XPEL
XPEL
$1.32B
$7.52K ﹤0.01%
+131
New +$5.59K
MHO icon
105
M/I Homes
MHO
$3.77B
$6.88K ﹤0.01%
+36
New +$5.67K
LPAAW
106
Launch One Acquisition Corp Warrant
LPAAW
$4.96K ﹤0.01%
+30,000
New +$2.89K
IMSRW
107
Terrestrial Energy Warrant
IMSRW
$29.6M
$2.91K ﹤0.01%
+15,000
New +$1.47K
VCICW
108
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
$2.88K ﹤0.01%
+12,500
New +$1.57K
SIMAW
109
SIM Acquisition Corp I Warrant
SIMAW
$2.3M
$2.17K ﹤0.01%
+12,499
New +$1.15K
PPYA
110
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$1.62K ﹤0.01%
+100
New +$1.12K
EMD
111
Western Asset Emerging Markets Debt Fund
EMD
$616M
$387 ﹤0.01%
28
– –
VACHW
112
DELISTED
Voyager Acquisition Corp Warrants
VACHW
$383 ﹤0.01%
+2,500
New +$230
LANV.WS
113
DELISTED
Lanvin Group Holdings Warrants
LANV.WS
$144 ﹤0.01%
2,500
– –
ACI icon
114
Albertsons Companies
ACI
$5.82B
– –
-19,200
Closed -$480K
BIDU icon
115
Baidu
BIDU
$37B
– –
-7,100
Closed -$1.01M
CLBR.U
116
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
– –
-20,000
Closed -$281K
GAN
117
DELISTED
GAN Ltd
GAN
– –
-27,450
Closed -$65.7K
GFL icon
118
GFL Environmental
GFL
$15.1B
– –
-19,000
Closed -$1.03M
HSPO
119
DELISTED
Horizon Space Acquisition I Corp
HSPO
– –
-13,500
Closed -$205K
KVAC
120
DELISTED
Keen Vision Acquisition Corp
KVAC
– –
-42,000
Closed -$611K
MSOS icon
121
AdvisorShares Pure US Cannabis ETF
MSOS
$880M
– –
-7,200
Closed -$69.8K
NZF icon
122
Nuveen Municipal Credit Income Fund
NZF
$2.45B
– –
-365,500
Closed -$6.48M
RENE
123
DELISTED
Cartesian Growth Corp II
RENE
– –
-18,400
Closed -$285K
SRDX
124
DELISTED
Surmodics
SRDX
– –
-11,100
Closed -$582K
STWD icon
125
Starwood Property Trust
STWD
$5.94B
– –
-16,700
Closed -$460K
3 4
5
6 7

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WHGAM
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WCM
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PenderFund Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, PenderFund Capital Management held 191 positions worth $465M, up 7.2% from $434M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

PenderFund Capital Management withdrew a net $180M in Q4 2024, closing 62 positions and reducing 14 holdings. Its most notable exit was Nuveen Municipal Credit Income Fund, an estimated $6.48M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, PenderFund Capital Management opened a new position in Maravai LifeSciences worth $4.55M.

  • PenderFund Capital Management's largest Q4 2024 buy was Maravai LifeSciences: 580,300 shares worth $4.55M.
  • PenderFund Capital Management added most to abrdn Physical Platinum Shares ETF in Q4 2024, an estimated $11.1M increase.
  • PenderFund Capital Management's biggest Q4 2024 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $3.01M.
  • PenderFund Capital Management fully exited Nuveen Municipal Credit Income Fund in Q4 2024, selling an estimated $6.48M.
  • PenderFund Capital Management's ten largest holdings make up 62% of its $465M portfolio in Q4 2024.
  • PenderFund Capital Management opened 54 new positions and closed 62 in Q4 2024.
  • PenderFund Capital Management's portfolio value rose 7.2% quarter-over-quarter to $465M.

Based on PenderFund Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.