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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
+2.3%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$334M
AUM Growth
+$12M
Cap. Flow
-$97.9M
Cap. Flow %
-29.34%
Top 10 Hldgs %
52.21%
Holding
162
New
52
Increased
11
Reduced
11
Closed
49

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$9.25M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$8.93M
3
CEF icon
Sprott Physical Gold and Silver Trust
CEF
+$3.63M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$1.21M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$1.13M

Top Sells

Rank Stock Value
1
FAX
abrdn Asia-Pacific Income Fund
FAX
+$3.76M
2
BKI
Black Knight, Inc. Common Stock
BKI
+$1.95M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$1.53M
4
DSEY
Diversey Holdings, Ltd. Ordinary Shares
DSEY
+$1.53M
5
RADI
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
+$1.53M

Sector Composition

Rank Sector Weight
1 Technology 16.61%
2 Financials 11.33%
3 Communication Services 5.32%
4 Energy 4.08%
5 Consumer Discretionary 2.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DNAB
151
DELISTED
Social Capital Suvretta Holdings Corp. II Class A Ordinary Shares
DNAB
– –
-11,440
Closed -$157K
USX
152
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
– –
-141,005
Closed -$1.15M
EMBK
153
DELISTED
Embark Technology, Inc. Common Stock
EMBK
– –
-239,113
Closed -$906K
SBXC.U
154
DELISTED
SilverBox Corp III Units, each consisting of one Class A Common Stock and one-third of one redeemable warrant
SBXC.U
– –
-1,000
Closed -$13K
3 4 5 6
7

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PenderFund Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, PenderFund Capital Management held 162 positions worth $334M, up 3.7% from $322M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $97.9M in Q3 2023, closing 49 positions and reducing 11 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $1.95M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Communication Services.

Against the trend, PenderFund Capital Management opened a new position in Nuveen Quality Municipal Income Fund worth $11.7M.

  • PenderFund Capital Management's largest Q3 2023 buy was Nuveen Quality Municipal Income Fund: 850,000 shares worth $11.7M.
  • PenderFund Capital Management added most to Nuveen Municipal Credit Income Fund in Q3 2023, an estimated $1.21M increase.
  • PenderFund Capital Management's biggest Q3 2023 reduction was abrdn Asia-Pacific Income Fund, cutting an estimated $3.76M.
  • PenderFund Capital Management fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $1.95M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $334M portfolio in Q3 2023.
  • PenderFund Capital Management opened 52 new positions and closed 49 in Q3 2023.
  • PenderFund Capital Management's portfolio value rose 3.7% quarter-over-quarter to $334M.

Based on PenderFund Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.