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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
+34.02%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$367M
AUM Growth
-$98.3M
Cap. Flow
-$220M
Cap. Flow %
-59.98%
Top 10 Hldgs %
53.71%
Holding
177
New
41
Increased
33
Reduced
13
Closed
35

Top Buys

Rank Stock Value
1
ESPR
Esperion Therapeutics
ESPR
+$3.69M
2
FET icon
Forum Energy Technologies
FET
+$3.3M
3
STNE icon
StoneCo
STNE
+$1.41M
4
MRVI icon
Maravai LifeSciences
MRVI
+$972K
5
LAD icon
Lithia Motors
LAD
+$817K

Top Sells

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$5.61M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$4.3M
3
LSPD icon
Lightspeed Commerce
LSPD
+$2.75M
4
IBKR icon
Interactive Brokers
IBKR
+$2.55M
5
TPL icon
Texas Pacific Land
TPL
+$2.38M

Sector Composition

Rank Sector Weight
1 Technology 18.98%
2 Financials 18.42%
3 Industrials 12.61%
4 Consumer Discretionary 10.54%
5 Healthcare 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMPS
101
DELISTED
Altus Power
AMPS
$20K 0.01%
+45,500
New +$207K
VACH
102
DELISTED
Voyager Acquisition Corp
VACH
$17.3K ﹤0.01%
5,000
– –
TSVT
103
DELISTED
2seventy bio
TSVT
$17.1K ﹤0.01%
+71,600
New +$227K
JNPR
104
DELISTED
Juniper Networks
JNPR
$17.1K ﹤0.01%
3,000
-1,600
-35% -$58.6K
FLR icon
105
Fluor
FLR
$7.96B
$16.9K ﹤0.01%
477
+302
+173% +$13K
HEES
106
DELISTED
H&E Equipment Services
HEES
$16.4K ﹤0.01%
+472
New +$41.1K
LYTS icon
107
LSI Industries
LYTS
$924M
$16.1K ﹤0.01%
9,154
+383
+4% +$7.35K
SBUX icon
108
Starbucks
SBUX
$120B
$15.5K ﹤0.01%
5,930
– –
MCHP icon
109
Microchip Technology
MCHP
$46B
$13.4K ﹤0.01%
17,260
+900
+6% +$50.1K
VCSA
110
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
$12.8K ﹤0.01%
24,800
-14,000
-36% -$72.3K
EDD
111
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$9.48K ﹤0.01%
122,646
+108,500
+767% +$512K
XPEL icon
112
XPEL
XPEL
$1.38B
$8.87K ﹤0.01%
302
+171
+131% +$6.41K
BUR icon
113
Burford Capital
BUR
$968M
$1.63K ﹤0.01%
771,713
– –
AR icon
114
Antero Resources
AR
$10.7B
$900 ﹤0.01%
393
+153
+64% +$5.87K
CEP
115
DELISTED
Cantor Equity Partners
CEP
$395 ﹤0.01%
10,000
– –
WIA
116
Western Asset Inflation-Linked Income Fund
WIA
$186M
$277 ﹤0.01%
59,332
-2,334
-4% -$19.1K
BBU
117
DELISTED
Brookfield Business Partners
BBU
$50 ﹤0.01%
730
+414
+131% +$9.59K
WBS icon
118
Webster Financial
WBS
$12.8B
$49 ﹤0.01%
5,578
+215
+4% +$12K
AFBI
119
DELISTED
Affinity Bancshares
AFBI
– –
-9,200
Closed -$288K
BALY icon
120
Bally's
BALY
$658M
– –
-30,600
Closed -$785K
FYBR
121
DELISTED
Frontier Communications
FYBR
– –
-4,000
Closed -$200K
GMAB icon
122
Genmab
GMAB
$19.2B
– –
-31,100
Closed -$933K
HLIT icon
123
Harmonic Inc
HLIT
$1.28B
– –
-20,561
Closed -$391K
IBKR icon
124
Interactive Brokers
IBKR
$39.6B
– –
-40,152
Closed -$2.55M
NAD icon
125
Nuveen Quality Municipal Income Fund
NAD
$2.78B
– –
-335,000
Closed -$5.61M
3 4
5
6 7

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SCP
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SFG
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WHGAM
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WCM
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PenderFund Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, PenderFund Capital Management held 177 positions worth $367M, down 21% from $465M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

PenderFund Capital Management withdrew a net $220M in Q1 2025, closing 35 positions and reducing 13 holdings. Its most notable exit was Nuveen Quality Municipal Income Fund, an estimated $5.61M position sold in full.

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

Against the trend, PenderFund Capital Management opened a new position in Esperion Therapeutics worth $10.8M.

  • PenderFund Capital Management's largest Q1 2025 buy was Esperion Therapeutics: 2,000,000 shares worth $10.8M.
  • PenderFund Capital Management added most to Forum Energy Technologies in Q1 2025, an estimated $3.3M increase.
  • PenderFund Capital Management's biggest Q1 2025 reduction was Lightspeed Commerce, cutting an estimated $2.75M.
  • PenderFund Capital Management fully exited Nuveen Quality Municipal Income Fund in Q1 2025, selling an estimated $5.61M.
  • PenderFund Capital Management's ten largest holdings make up 54% of its $367M portfolio in Q1 2025.
  • PenderFund Capital Management opened 41 new positions and closed 35 in Q1 2025.
  • PenderFund Capital Management's portfolio value fell 21% quarter-over-quarter to $367M.

Based on PenderFund Capital Management's 13F filing for Q1 2025, filed 15 May 2025.