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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
DECK icon
126
Deckers Outdoor
DECK
$13.5B
$25.6K 0.01%
+248
New +$27.5K
MPWR icon
127
Monolithic Power Systems
MPWR
$66.1B
$20.5K ﹤0.01%
28
+11
+65% +$7.01K
MHO icon
128
M/I Homes
MHO
$3.81B
$15.7K ﹤0.01%
140
+57
+69% +$6.19K
BKHA
129
Black Hawk Acquisition Corp
BKHA
$48.9M
$10.3K ﹤0.01%
+967
New +$10.3K
LPAAW
130
Launch One Acquisition Corp Warrant
LPAAW
$1.96M
$8.4K ﹤0.01%
30,000
– –
VCICW
131
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
$3.67K ﹤0.01%
12,500
– –
SIMAW
132
SIM Acquisition Corp I Warrant
SIMAW
$2.7M
$3.44K ﹤0.01%
12,500
– –
TVACU
133
Texas Ventures Acquisition III Corp Unit
TVACU
$214M
$1.96K ﹤0.01%
+191
New +$1.93K
VACHW
134
DELISTED
Voyager Acquisition Corp Warrants
VACHW
$750 ﹤0.01%
2,500
– –
HSPO
135
DELISTED
Horizon Space Acquisition I Corp
HSPO
$632 ﹤0.01%
+52
New +$622
EMD
136
Western Asset Emerging Markets Debt Fund
EMD
$614M
$281 ﹤0.01%
28
– –
LANV.WS
137
DELISTED
Lanvin Group Holdings Warrants
LANV.WS
$47 ﹤0.01%
2,500
– –
AGS
138
DELISTED
PlayAGS
AGS
– –
-34,900
Closed -$11.8M
ATEX icon
139
Anterix
ATEX
$1.94B
– –
-2,000
Closed -$102K
AVNW icon
140
Aviat Networks
AVNW
$275M
– –
-2,600
Closed -$317K
BOOM icon
141
DMC Global
BOOM
$150M
– –
-13,800
Closed -$451K
CKPT
142
DELISTED
Checkpoint Therapeutics
CKPT
– –
-96,600
Closed -$352K
DESP
143
DELISTED
Despegar.com
DESP
– –
-18,348
Closed -$438K
DMYY
144
DELISTED
dMY Squared
DMYY
– –
-13,264
Closed -$222K
HEES
145
DELISTED
H&E Equipment Services
HEES
– –
-472
Closed -$16.4K
HHH icon
146
Howard Hughes
HHH
$3.92B
– –
-7,900
Closed -$2.1M
PPLI
147
People Inc
PPLI
$3.29B
– –
-19,626
Closed -$2.99M
JWN
148
DELISTED
Nordstrom
JWN
– –
-19,300
Closed -$3.32M
LSPD icon
149
Lightspeed Commerce
LSPD
$1.34B
– –
-161,181
Closed -$293K
NOC icon
150
Northrop Grumman
NOC
$79.2B
– –
-1,400
Closed -$415K
4 5
6
7 8

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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
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

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.