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PenderFund Capital Management Portfolio holdings

AUM $780M
1-Year Est. Return 24.84%
This Fund
S&P 500
This Quarter Est. Return
+2.36%
1 Year Est. Return
+24.84%
3 Year Est. Return
+129.27%
5 Year Est. Return
+115.17%
10 Year Est. Return
–
AUM
$780M
AUM Growth
+$142M
Cap. Flow
-$394M
Cap. Flow %
-50.45%
Top 10 Hldgs %
52.1%
Holding
319
New
65
Increased
76
Reduced
41
Closed
88

Top Buys

Rank Stock Value
1
WEAT icon
Teucrium Wheat Fund
WEAT
+$16.2M
2
SANG
Sangoma Technologies
SANG
+$6.06M
3
BMM
Blue Moon Metals Inc
BMM
+$4.34M
4
CP icon
Canadian Pacific Kansas City
CP
+$2.31M
5
AMZN icon
Amazon
AMZN
+$1.53M

Top Sells

Rank Stock Value
1
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$13.9M
2
EQX icon
Equinox Gold
EQX
+$11.7M
3
MDA
MDA Space Ltd
MDA
+$9.17M
4
TSAT icon
Telesat
TSAT
+$7.06M
5
BUR icon
Burford Capital
BUR
+$1.88M

Sector Composition

Rank Sector Weight
1 Miscellaneous 78.9%
2 Technology 6.82%
3 Financials 3.39%
4 Industrials 3.09%
5 Healthcare 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AACIW
201
Armada Acquisition Corp III Warrant
AACIW
$3.23M
$2.58K ﹤0.01%
+8,000
New +$2.12K
EU
202
enCore Energy
EU
$241M
$2.24K ﹤0.01%
1,716
– –
INCR
203
Intercure
INCR
$81.3M
$2.17K ﹤0.01%
395
– –
RDAGW
204
Republic Digital Acquisition Co Warrants
RDAGW
$4.24M
$1.17K ﹤0.01%
+2,500
New +$1.07K
CHECW
205
Chenghe Acquisition III Co Warrants
CHECW
$1.12K ﹤0.01%
4,990
-10
-0.2% -$2
CAQUW
206
Cambridge Acquisition Corp Warrants
CAQUW
$1K ﹤0.01%
+3,333
New +$941
TMTSW
207
Spartacus Acquisition Corp II Warrants
TMTSW
$870 ﹤0.01%
+1,666
New +$808
HBM icon
208
Hudbay
HBM
$12.2B
$189 ﹤0.01%
+8
New +$202
HNI icon
209
HNI Corp
HNI
$3.58B
$40 ﹤0.01%
1
– –
FULT icon
210
Fulton Financial
FULT
$4.6B
$24 ﹤0.01%
+1
New +$22
ACLX
211
DELISTED
Arcellx
ACLX
– –
-2,900
Closed -$333K
AL
212
DELISTED
Air Lease Corp
AL
– –
-8,526
Closed -$554K
ARM icon
213
Arm
ARM
$269B
– –
-2,800
Closed -$424K
AZN icon
214
AstraZeneca
AZN
$252B
– –
-1,665
Closed -$323K
BLFY
215
DELISTED
Blue Foundry Bancorp
BLFY
– –
-25,796
Closed -$342K
CSGS
216
DELISTED
CSG Systems International
CSGS
– –
-4,000
Closed -$320K
CWAN
217
DELISTED
Clearwater Analytics
CWAN
– –
-12,800
Closed -$303K
DAWN
218
DELISTED
Day One Biopharmaceuticals
DAWN
– –
-26,800
Closed -$575K
DHIL
219
DELISTED
Diamond Hill
DHIL
– –
-1,706
Closed -$294K
EHAB
220
DELISTED
Enhabit
EHAB
– –
-15,800
Closed -$223K
EQX icon
221
Equinox Gold
EQX
$15B
– –
-812,500
Closed -$11.7M
EWCZ
222
DELISTED
European Wax Center
EWCZ
– –
-300
Closed -$1.73K
FDS icon
223
Factset
FDS
$10.7B
– –
-70
Closed -$15.2K
FOLD
224
DELISTED
Amicus Therapeutics
FOLD
– –
-41,100
Closed -$594K
FONR
225
DELISTED
Fonar
FONR
– –
-17,300
Closed -$321K
7 8
9
10 11

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ABWM
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AC
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HI
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MAM
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PenderFund Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, PenderFund Capital Management held 319 positions worth $780M, up 22% from $639M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

PenderFund Capital Management withdrew a net $394M in Q2 2026, closing 88 positions and reducing 41 holdings. Its most notable exit was Equinox Gold, an estimated $11.7M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, up from 75% a quarter earlier, followed by Technology and Financials.

Against the trend, PenderFund Capital Management opened a new position in Teucrium Wheat Fund worth $15.3M.

  • PenderFund Capital Management's largest Q2 2026 buy was Teucrium Wheat Fund: 696,000 shares worth $15.3M.
  • PenderFund Capital Management added most to Sangoma Technologies in Q2 2026, an estimated $6.06M increase.
  • PenderFund Capital Management's biggest Q2 2026 reduction was abrdn Physical Platinum Shares ETF, cutting an estimated $13.9M.
  • PenderFund Capital Management fully exited Equinox Gold in Q2 2026, selling an estimated $11.7M.
  • PenderFund Capital Management's ten largest holdings make up 52% of its $780M portfolio in Q2 2026.
  • PenderFund Capital Management opened 65 new positions and closed 88 in Q2 2026.
  • PenderFund Capital Management's portfolio value rose 22% quarter-over-quarter to $780M.

Based on PenderFund Capital Management's 13F filing for Q2 2026, filed 17 Aug 2026.