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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
GTLB icon
151
GitLab
GTLB
$6.03B
$78.8K 0.01%
2,100
– –
PROF
152
Profound Medical
PROF
$289M
$73.8K 0.01%
9,400
– –
CAEP
153
DELISTED
Cantor Equity Partners III
CAEP
$73.4K 0.01%
7,200
+3,200
+80% +$33.2K
HCMA
154
HCM III Acquisition Corp
HCMA
$346M
$72.4K 0.01%
+7,200
New +$73.3K
CEPV
155
Cantor Equity Partners V
CEPV
$331M
$51.3K 0.01%
+5,000
New +$51.3K
FCRS.U
156
FutureCrest Acquisition Corp Units
FCRS.U
$51.2K 0.01%
5,000
– –
ONCH
157
1RT Acquisition Corp
ONCH
$221M
$51K 0.01%
+5,000
New +$51.5K
IPCX
158
Inflection Point Acquisition Corp III
IPCX
$160M
$50.7K 0.01%
+5,000
New +$50.8K
CRANU
159
Crane Harbor Acquisition Corp II Units
CRANU
$50.3K 0.01%
+5,000
New +$50.3K
LFACU
160
Leapfrog Acquisition Corp Units
LFACU
$50K 0.01%
+5,000
New +$50.1K
SCPQU
161
Social Commerce Partners Corp Unit
SCPQU
$106M
$50K 0.01%
+5,000
New +$50.1K
LPCVU
162
Launchpad Cadenza Acquisition Corp I Unit
LPCVU
$201M
$49.9K 0.01%
+5,000
New +$50K
IRHOU
163
Iron Horse Acquisitions II Corp Units
IRHOU
$49.7K 0.01%
+5,000
New +$49.8K
GOOS
164
Canada Goose Holdings
GOOS
$837M
$42.8K 0.01%
3,300
– –
LNKB
165
DELISTED
LINKBANCORP
LNKB
$42.7K 0.01%
+5,175
New +$38.9K
UEC icon
166
Uranium Energy
UEC
$5.32B
$38.5K 0.01%
+3,300
New +$43.3K
G icon
167
Genpact
G
$6.13B
$37.9K 0.01%
811
– –
EL icon
168
Estee Lauder
EL
$30.9B
$37.2K 0.01%
355
– –
MCY icon
169
Mercury Insurance
MCY
$5.95B
$36.7K 0.01%
390
-50
-11% -$4.34K
MJ icon
170
Amplify Alternative Harvest ETF
MJ
$103M
$35.7K 0.01%
+1,200
New +$38.1K
EEFT icon
171
Euronet Worldwide
EEFT
$2.73B
$33.5K 0.01%
440
+94
+27% +$7.33K
VRSN icon
172
VeriSign
VRSN
$26.4B
$32.8K 0.01%
135
+13
+11% +$3.27K
BBU
173
DELISTED
Brookfield Business Partners
BBU
$32.8K 0.01%
925
-307
-25% -$10.5K
ITRI icon
174
Itron
ITRI
$4.5B
$31.6K 0.01%
340
+75
+28% +$8.17K
BAH icon
175
Booz Allen Hamilton
BAH
$8.89B
$29.5K ﹤0.01%
+350
New +$31.3K
5 6
7
8 9

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BPC
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KCM
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SCP
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SFG
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FTC
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WHGAM
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WCM
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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.