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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
+31.15%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$393M
AUM Growth
+$33.8M
Cap. Flow
-$146M
Cap. Flow %
-37.16%
Top 10 Hldgs %
38.94%
Holding
95
New
22
Increased
5
Reduced
24
Closed
14

Top Buys

Rank Stock Value
1
BUR icon
Burford Capital
BUR
+$12.6M
2
BIDU icon
Baidu
BIDU
+$6.2M
3
IPOF
Social Capital Hedosophia Holdings Corp. VI
IPOF
+$2.26M
4
SOFI icon
SoFi Technologies
SOFI
+$2.19M
5
TPB icon
Turning Point Brands
TPB
+$2.08M

Top Sells

Rank Stock Value
1
JE
Just Energy Group Inc
JE
+$12.4M
2
TPL icon
Texas Pacific Land
TPL
+$5.41M
3
SFIX
Stitch Fix
SFIX
+$5.39M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$4.52M
5
HBI
Hanesbrands
HBI
+$4.4M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Communication Services 13.37%
3 Financials 11.17%
4 Consumer Discretionary 5.94%
5 Real Estate 3.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BUR icon
1
Burford Capital
BUR
$907M
$15.9M 4.05%
+1,295,463
New +$12.6M
BIDU icon
2
Baidu
BIDU
$35.8B
$15.5M 3.94%
56,250
+41,750
+288% +$6.2M
EBIX
3
DELISTED
Ebix Inc
EBIX
$15.2M 3.86%
314,083
-125,745
-29% -$3.54M
SFIX
4
Stitch Fix
SFIX
$478M
$12.9M 3.29%
172,975
-126,000
-42% -$5.39M
PPLI
5
People Inc
PPLI
$3.1B
$12.7M 3.23%
96,445
-366
-0.4% -$28.1K
Z icon
6
Zillow
Z
$7.04B
$11.9M 3.03%
72,174
-5,300
-7% -$586K
KKR icon
7
KKR & Co
KKR
$89.2B
$10.4M 2.64%
201,140
-34,000
-14% -$1.28M
HHH icon
8
Howard Hughes
HHH
$3.93B
$9.71M 2.47%
101,383
-7,238
-7% -$485K
SSNC icon
9
SS&C Technologies
SSNC
$17.8B
$9.67M 2.46%
104,450
-4,000
-4% -$268K
JD icon
10
JD.com
JD
$40.8B
$9.58M 2.43%
85,605
-200
-0.2% -$16.7K
BHC icon
11
Bausch Health
BHC
$1.65B
$8.4M 2.14%
318,125
-1,000
-0.3% -$18.7K
PAR icon
12
PAR Technology
PAR
$637M
$8.29M 2.11%
103,781
-4,200
-4% -$206K
XYZ
13
Block Inc
XYZ
$45.9B
$7.92M 2.01%
28,600
-300
-1% -$58.5K
LEAF
14
DELISTED
Leaf Group Ltd.
LEAF
$7.89M 2.01%
1,332,635
-191,600
-13% -$1.06M
IBKR icon
15
Interactive Brokers
IBKR
$40.9B
$7M 1.78%
360,800
-1,600
-0.4% -$21.2K
AVNW icon
16
Aviat Networks
AVNW
$262M
$6.61M 1.68%
304,226
-26,200
-8% -$372K
CLDR
17
DELISTED
Cloudera, Inc.
CLDR
$6.53M 1.66%
368,500
+76,600
+26% +$878K
SHSP
18
DELISTED
SharpSpring, Inc.
SHSP
$5.75M 1.46%
277,602
+96,588
+53% +$1.34M
WIW
19
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
$5.53M 1.41%
350,000
– –
MAXR
20
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$5.48M 1.39%
111,351
+100
+0.1% +$2.94K
TWTR
21
DELISTED
Twitter, Inc.
TWTR
$5.45M 1.39%
79,100
-1,000
-1% -$47.7K
FTSI
22
DELISTED
FTS International, Inc. Common Stock
FTSI
$4.93M 1.25%
+201,856
New +$1.99M
UTI icon
23
Universal Technical Institute
UTI
$2.08B
$4.63M 1.18%
563,625
+70,981
+14% +$407K
LILA icon
24
Liberty Latin America Class A
LILA
$1.51B
$4.39M 1.12%
456,095
– –
FLR icon
25
Fluor
FLR
$7.29B
$4.3M 1.09%
211,700
– –
1
2 3 4

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PenderFund Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, PenderFund Capital Management held 95 positions worth $393M, up 9.4% from $360M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

PenderFund Capital Management withdrew a net $146M in Q4 2020, closing 14 positions and reducing 24 holdings. Its most notable exit was Texas Pacific Land, an estimated $5.41M position sold in full.

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

Against the trend, PenderFund Capital Management opened a new position in Burford Capital worth $15.9M.

  • PenderFund Capital Management's largest Q4 2020 buy was Burford Capital: 1,295,463 shares worth $15.9M.
  • PenderFund Capital Management added most to Baidu in Q4 2020, an estimated $6.2M increase.
  • PenderFund Capital Management's biggest Q4 2020 reduction was Just Energy Group Inc, cutting an estimated $12.4M.
  • PenderFund Capital Management fully exited Texas Pacific Land in Q4 2020, selling an estimated $5.41M.
  • PenderFund Capital Management's ten largest holdings make up 39% of its $393M portfolio in Q4 2020.
  • PenderFund Capital Management opened 22 new positions and closed 14 in Q4 2020.
  • PenderFund Capital Management's portfolio value rose 9.4% quarter-over-quarter to $393M.

Based on PenderFund Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.