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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
+5.62%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$360M
AUM Growth
-$10.4M
Cap. Flow
-$98.5M
Cap. Flow %
-27.39%
Top 10 Hldgs %
38.06%
Holding
83
New
14
Increased
7
Reduced
17
Closed
13

Top Buys

Rank Stock Value
1
JE
Just Energy Group Inc
JE
+$33.6M
2
PPLI
People Inc
PPLI
+$6.64M
3
BHC icon
Bausch Health
BHC
+$5.5M
4
UTI icon
Universal Technical Institute
UTI
+$3.46M
5
SFIX
Stitch Fix
SFIX
+$2.94M

Top Sells

Rank Stock Value
1
EGAN icon
eGain
EGAN
+$9.08M
2
ESI icon
Element Solutions
ESI
+$6.08M
3
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$6.07M
4
BB icon
BlackBerry
BB
+$5.63M
5
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$3.54M

Sector Composition

Rank Sector Weight
1 Technology 19.55%
2 Communication Services 8.86%
3 Energy 7.55%
4 Consumer Discretionary 7.32%
5 Financials 6.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JE
1
DELISTED
Just Energy Group Inc
JE
$21.8M 6.05%
+2,907,702
New +$33.6M
EBIX
2
DELISTED
Ebix Inc
EBIX
$12M 3.34%
439,828
+98,792
+29% +$2.2M
SFIX
3
Stitch Fix
SFIX
$478M
$10.8M 2.99%
298,975
+114,375
+62% +$2.94M
KKR icon
4
KKR & Co
KKR
$89.2B
$10.7M 2.98%
235,140
-80,900
-26% -$2.83M
Z icon
5
Zillow
Z
$7.04B
$10.5M 2.91%
77,474
-30,500
-28% -$2.38M
LEAF
6
DELISTED
Leaf Group Ltd.
LEAF
$10.4M 2.88%
1,524,235
-16,300
-1% -$77K
SSNC icon
7
SS&C Technologies
SSNC
$17.8B
$8.74M 2.43%
108,450
-6,600
-6% -$395K
JD icon
8
JD.com
JD
$40.8B
$8.6M 2.39%
85,805
-27,400
-24% -$1.9M
PPLI
9
People Inc
PPLI
$3.1B
$8.37M 2.33%
+96,811
New +$6.64M
HHH icon
10
Howard Hughes
HHH
$3.93B
$7.84M 2.18%
108,621
-1,049
-1% -$56K
HBI
11
DELISTED
Hanesbrands
HBI
$6.95M 1.93%
337,511
-41,700
-11% -$612K
BHC icon
12
Bausch Health
BHC
$1.65B
$6.38M 1.77%
+319,125
New +$5.5M
XYZ
13
Block Inc
XYZ
$45.9B
$6.34M 1.76%
28,900
– –
BLW icon
14
BlackRock Limited Duration Income Trust
BLW
$491M
$5.86M 1.63%
300,000
– –
PAR icon
15
PAR Technology
PAR
$637M
$5.83M 1.62%
107,981
-7,419
-6% -$265K
IBKR icon
16
Interactive Brokers
IBKR
$40.9B
$5.8M 1.61%
362,400
-2,800
-0.8% -$34.9K
TPL icon
17
Texas Pacific Land
TPL
$28.9B
$5.41M 1.5%
80,883
+42,633
+111% +$2.55M
WIW
18
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
$5.21M 1.45%
350,000
– –
EGAN icon
19
eGain
EGAN
$176M
$5.03M 1.4%
272,401
-778,605
-74% -$9.08M
AVNW icon
20
Aviat Networks
AVNW
$262M
$4.83M 1.34%
330,426
+154,030
+87% +$1.58M
TWTR
21
DELISTED
Twitter, Inc.
TWTR
$4.77M 1.33%
80,100
+23,700
+42% +$909K
EVV
22
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$4.52M 1.26%
300,000
– –
CLDR
23
DELISTED
Cloudera, Inc.
CLDR
$4.23M 1.18%
291,900
– –
NVG icon
24
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.65B
$4.16M 1.16%
200,000
– –
NAD icon
25
Nuveen Quality Municipal Income Fund
NAD
$2.71B
$3.88M 1.08%
200,000
– –
1
2 3

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PenderFund Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, PenderFund Capital Management held 83 positions worth $360M, down 2.8% from $370M the previous quarter. Its ten largest holdings account for 38% of the portfolio.

PenderFund Capital Management withdrew a net $98.5M in Q3 2020, closing 13 positions and reducing 17 holdings. Its most notable exit was Element Solutions, an estimated $6.08M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 22% a quarter earlier, followed by Communication Services and Energy.

Against the trend, PenderFund Capital Management opened a new position in Just Energy Group Inc worth $21.8M.

  • PenderFund Capital Management's largest Q3 2020 buy was Just Energy Group Inc: 2,907,702 shares worth $21.8M.
  • PenderFund Capital Management added most to Stitch Fix in Q3 2020, an estimated $2.94M increase.
  • PenderFund Capital Management's biggest Q3 2020 reduction was eGain, cutting an estimated $9.08M.
  • PenderFund Capital Management fully exited Element Solutions in Q3 2020, selling an estimated $6.08M.
  • PenderFund Capital Management's ten largest holdings make up 38% of its $360M portfolio in Q3 2020.
  • PenderFund Capital Management opened 14 new positions and closed 13 in Q3 2020.
  • PenderFund Capital Management's portfolio value fell 2.8% quarter-over-quarter to $360M.

Based on PenderFund Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.