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PCM
PenderFund Capital Management Portfolio holdings
AUM
$639M
1-Year Est. Return
31.05%
This Fund
S&P 500
This Quarter
Est. Return
-5.72%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$297M
AUM Growth
+$17.1M
(+6.1%)
Cap. Flow
-$42.8M
Cap. Flow
% of AUM
-14.4%
Top 10 Holdings %
Top 10 Hldgs %
40.55%
Holding
71
New
3
Increased
15
Reduced
17
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CARB
Carbonite Inc
CARB
|
+$6.97M |
| 2 |
BlackBerry
BB
|
+$2.88M |
| 3 |
eGain
EGAN
|
+$2.72M |
| 4 |
Middleby
MIDD
|
+$2.67M |
| 5 |
Ascent Industries
ACNT
|
+$2.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$3.76M |
| 2 |
Asure Software
ASUR
|
+$3.63M |
| 3 |
Element Solutions
ESI
|
+$3.59M |
| 4 |
Howard Hughes
HHH
|
+$3.53M |
| 5 |
NMY
Nuveen Maryland Quality Municipal Income Fund
NMY
|
+$3.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.8% |
| 2 | Consumer Discretionary | 9.45% |
| 3 | Communication Services | 7.71% |
| 4 | Real Estate | 7.67% |
| 5 | Financials | 6.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
KKR & Co
KKR
$89.2B
| $13.4M | 4.49% |
472,340
-142,600
| -23% | -$3.76M |
|
2
SS&C Technologies
SSNC
$17.8B
| $12.6M | 4.23% |
248,250
+15,700
| +7% | +$803K |
|
|
CARB
3
DELISTED
Carbonite Inc
CARB
| $12.3M | 4.14% |
761,200
+391,032
| +106% | +$6.97M |
|
|
4
Howard Hughes
HHH
$3.93B
| $10.6M | 3.58% |
101,587
-28,533
| -22% | -$3.53M |
|
|
MAXR
5
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $10.5M | 3.52% |
1,015,756
-362,000
| -26% | -$2.87M |
|
|
SWIR
6
DELISTED
Sierra Wireless
SWIR
| $10.2M | 3.43% |
713,039
+31,499
| +5% | +$359K |
|
7
Zillow
Z
$7.04B
| $9.44M | 3.18% |
283,000
+9,700
| +4% | +$387K |
|
8
JD.com
JD
$40.8B
| $8.96M | 3.01% |
288,205
-26,400
| -8% | -$797K |
|
|
BPY
9
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $8.71M | 2.93% |
346,666
-26,300
| -7% | -$508K |
|
10
TripAdvisor
TRIP
$1.59B
| $8.19M | 2.76% |
208,647
-22,900
| -10% | -$954K |
|
|
11
Middleby
MIDD
$6.05B
| $8.02M | 2.7% |
66,300
+21,800
| +49% | +$2.67M |
|
12
Baidu
BIDU
$35.8B
| $7.08M | 2.38% |
68,541
-5,800
| -8% | -$623K |
|
13
Liberty Latin America Class A
LILA
$1.51B
| $6.41M | 2.16% |
532,020
+70,437
| +15% | +$758K |
|
|
14
eGain
EGAN
$176M
| $5.95M | 2% |
794,085
+355,882
| +81% | +$2.72M |
|
|
15
BlackBerry
BB
$5.01B
| $5.67M | 1.91% |
856,980
+411,200
| +92% | +$2.88M |
|
16
Wynn Resorts
WYNN
$10.1B
| $5.19M | 1.75% |
44,400
+8,100
| +22% | +$964K |
|
|
HBI
17
DELISTED
Hanesbrands
HBI
| $4.87M | 1.64% |
306,611
+43,811
| +17% | +$667K |
|
18
DigitalBridge
DBRG
$2.94B
| $4.35M | 1.46% |
193,344
+28,750
| +17% | +$595K |
|
19
SandRidge Energy
SD
$510M
| $4.26M | 1.43% |
929,156
+291,482
| +46% | +$1.67M |
|
|
20
Element Solutions
ESI
$9.12B
| $4.22M | 1.42% |
401,233
-364,800
| -48% | -$3.59M |
|
|
LEAF
21
DELISTED
Leaf Group Ltd.
LEAF
| $4.06M | 1.36% |
1,240,227
+254,882
| +26% | +$1.35M |
|
|
CLDR
22
DELISTED
Cloudera, Inc.
CLDR
| $3.89M | 1.31% |
432,400
+142,400
| +49% | +$989K |
|
23
PAR Technology
PAR
$637M
| $3.38M | 1.14% |
141,000
| – | – |
|
|
KW
24
DELISTED
Kennedy-Wilson Holdings
KW
| $3.2M | 1.08% |
142,958
-105,298
| -42% | -$2.24M |
|
|
PCOM
25
DELISTED
Points.com Inc. Common Shares
PCOM
| $3.11M | 1.05% |
217,457
| – | – |
|
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PenderFund Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, PenderFund Capital Management held 71 positions worth $297M, up 6.1% from $280M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
PenderFund Capital Management withdrew a net $42.8M in Q3 2019, closing 7 positions and reducing 17 holdings. Its most notable exit was Asure Software, an estimated $3.63M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, PenderFund Capital Management opened a new position in Trekor Metals worth $1.9M.
- PenderFund Capital Management's largest Q3 2019 buy was Trekor Metals: 3,338,319 shares worth $1.9M.
- PenderFund Capital Management added most to Carbonite Inc in Q3 2019, an estimated $6.97M increase.
- PenderFund Capital Management's biggest Q3 2019 reduction was KKR & Co, cutting an estimated $3.76M.
- PenderFund Capital Management fully exited Asure Software in Q3 2019, selling an estimated $3.63M.
- PenderFund Capital Management's ten largest holdings make up 41% of its $297M portfolio in Q3 2019.
- PenderFund Capital Management opened 3 new positions and closed 7 in Q3 2019.
- PenderFund Capital Management's portfolio value rose 6.1% quarter-over-quarter to $297M.
Based on PenderFund Capital Management's 13F filing for Q3 2019, filed 29 Oct 2019.