We are live on ! Find out more
PCM

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
NVRO
176
DELISTED
NEVRO CORP.
NVRO
– –
-64,329
Closed -$1.83M
ITCI
177
DELISTED
Intra-Cellular Therapies Inc.
ITCI
– –
-1,900
Closed -$20.3K
TBNK
178
DELISTED
Territorial Bancorp Inc.
TBNK
– –
-22,571
Closed -$22.6M
VOXX
179
DELISTED
VOXX International Corporation Class A
VOXX
– –
-40,955
Closed -$307K
PTVE
180
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
– –
-27,400
Closed -$12.5M
IVAC
181
DELISTED
Intevac Inc
IVAC
– –
-105,300
Closed -$2.88M
VCSA
182
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
– –
-24,800
Closed -$12.8K
ML
183
DELISTED
MoneyLion Inc.
ML
– –
-4,800
Closed -$2.03M
SWI
184
DELISTED
SolarWinds Corporation Common Stock
SWI
– –
-18,100
Closed -$119K
4 5 6 7
8

Similar funds

SJIC
St. James Investment Company Southlake, Texas $638M AUM 15.14% 1-Year Est. Return
BPC
Bearing Point Capital Bloomington, Minnesota $638M AUM 32.99% 1-Year Est. Return
BIA
Bell Investment Advisors Oakland, California $639M AUM 13.28% 1-Year Est. Return
KCM
Kultura Capital Management Park City, Utah $638M AUM
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.