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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
+12.14%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$286M
AUM Growth
+$45.8M
(+19%)
Cap. Flow
-$55.6M
Cap. Flow
% of AUM
-19.43%
Top 10 Holdings %
Top 10 Hldgs %
50.37%
Holding
78
New
6
Increased
13
Reduced
13
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Broadband Class C
LBRDK
|
+$6.33M |
| 2 |
Middleby
MIDD
|
+$5.96M |
| 3 |
Enovis
ENOV
|
+$5.72M |
| 4 |
SWIR
Sierra Wireless
SWIR
|
+$2.63M |
| 5 |
MCA
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
|
+$2.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KW
Kennedy-Wilson Holdings
KW
|
+$11M |
| 2 |
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
|
+$9.02M |
| 3 |
Liberty Latin America Class A
LILA
|
+$8.75M |
| 4 |
Zymeworks
ZYME
|
+$5.36M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$4.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.26% |
| 2 | Communication Services | 12.89% |
| 3 | Real Estate | 9.43% |
| 4 | Materials | 7.69% |
| 5 | Healthcare | 5.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Baidu
BIDU
$37.4B
| $17.1M | 6% |
49,034
+3,900
| +9% | +$971K |
|
2
Element Solutions
ESI
$8.88B
| $17M | 5.95% |
1,061,400
-308,600
| -23% | -$3.36M |
|
3
Howard Hughes
HHH
$4.08B
| $15.9M | 5.57% |
89,461
| – | – |
|
|
SWIR
4
DELISTED
Sierra Wireless
SWIR
| $15.9M | 5.56% |
709,440
+154,700
| +28% | +$2.63M |
|
|
5
Enovis
ENOV
$1.54B
| $15.6M | 5.47% |
228,356
+105,858
| +86% | +$5.72M |
|
|
6
Liberty Broadband Class C
LBRDK
$4.36B
| $14.8M | 5.16% |
141,000
+83,600
| +146% | +$6.33M |
|
7
TripAdvisor
TRIP
$1.68B
| $13.6M | 4.74% |
172,807
-66,993
| -28% | -$3.2M |
|
|
8
Middleby
MIDD
$5.86B
| $11.8M | 4.13% |
89,855
+52,655
| +142% | +$5.96M |
|
|
SYNT
9
DELISTED
Syntel Inc
SYNT
| $11.7M | 4.08% |
235,564
-45,700
| -16% | -$1.37M |
|
|
KW
10
DELISTED
Kennedy-Wilson Holdings
KW
| $10.7M | 3.73% |
372,256
-561,056
| -60% | -$11M |
|
|
MATR
11
DELISTED
Mattersight Corp.
MATR
| $9.8M | 3.43% |
2,833,126
-128,104
| -4% | -$323K |
|
|
EGC
12
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
| $7.68M | 2.69% |
650,399
-247,401
| -28% | -$1.69M |
|
13
Upland Software
UPLD
$14.5M
| $7.54M | 2.64% |
16,346
+1,966
| +14% | +$616K |
|
|
DISCK
14
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $6.99M | 2.44% |
210,600
| – | – |
|
|
LEAF
15
DELISTED
Leaf Group Ltd.
LEAF
| $6.41M | 2.24% |
425,000
| – | – |
|
|
SEAC
16
DELISTED
Seachange International Inc
SEAC
| $6.25M | 2.19% |
72,086
+207
| +0.3% | +$12.6K |
|
|
AIG.WS
17
DELISTED
American International Group, Inc.
AIG.WS
| $6M | 2.1% |
284,614
| – | – |
|
18
Asure Software
ASUR
$227M
| $5.8M | 2.03% |
275,551
-112,790
| -29% | -$1.84M |
|
19
POSCO
PKX
$15.3B
| $4.99M | 1.75% |
53,600
-5,050
| -9% | -$409K |
|
|
MODN
20
DELISTED
MODEL N, INC.
MODN
| $3.62M | 1.27% |
139,843
| – | – |
|
21
Pixelworks
PXLW
$35.6M
| $3.34M | 1.17% |
59,052
+108
| +0.2% | +$5.3K |
|
|
PCOM
22
DELISTED
Points.com Inc. Common Shares
PCOM
| $3.15M | 1.1% |
138,260
-92,000
| -40% | -$1.17M |
|
23
Nuveen New York Quality Municipal Income Fund
NAN
$381M
| $2.83M | 0.99% |
225,000
+165,000
| +275% | +$2.07M |
|
|
NMY
24
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
| $2.73M | 0.95% |
225,000
+65,000
| +41% | +$786K |
|
25
Invesco Pennsylvania Value Municipal Income Trust
VPV
$196M
| $2.69M | 0.94% |
225,000
+25,000
| +13% | +$294K |
|
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PenderFund Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, PenderFund Capital Management held 78 positions worth $286M, up 19% from $240M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
PenderFund Capital Management withdrew a net $55.6M in Q2 2018, closing 16 positions and reducing 13 holdings. Its most notable exit was Brookfield Property Partners L.P. Limited Partnership Units, an estimated $9.02M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, PenderFund Capital Management opened a new position in BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC worth $2.33M.
- PenderFund Capital Management's largest Q2 2018 buy was BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC: 175,000 shares worth $2.33M.
- PenderFund Capital Management added most to Liberty Broadband Class C in Q2 2018, an estimated $6.33M increase.
- PenderFund Capital Management's biggest Q2 2018 reduction was Kennedy-Wilson Holdings, cutting an estimated $11M.
- PenderFund Capital Management fully exited Brookfield Property Partners L.P. Limited Partnership Units in Q2 2018, selling an estimated $9.02M.
- PenderFund Capital Management's ten largest holdings make up 50% of its $286M portfolio in Q2 2018.
- PenderFund Capital Management opened 6 new positions and closed 16 in Q2 2018.
- PenderFund Capital Management's portfolio value rose 19% quarter-over-quarter to $286M.
Based on PenderFund Capital Management's 13F filing for Q2 2018, filed 17 Jul 2018.