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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
+5.5%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$378M
AUM Growth
+$71.4M
Cap. Flow
-$119M
Cap. Flow %
-31.45%
Top 10 Hldgs %
61.38%
Holding
151
New
40
Increased
12
Reduced
19
Closed
34

Top Buys

Rank Stock Value
1
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$2.09M
2
KW
Kennedy-Wilson Holdings
KW
+$1.92M
3
TAST
Carrols Restaurant Group, Inc.
TAST
+$1.01M
4
TCN
Tricon Residential Inc.
TCN
+$977K
5
KAMN
Kaman Corp
KAMN
+$767K

Top Sells

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$7.97M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$5.16M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$3.81M
4
SSNC icon
SS&C Technologies
SSNC
+$2.5M
5
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$2.26M

Sector Composition

Rank Sector Weight
1 Technology 15.88%
2 Financials 9.22%
3 Energy 3.11%
4 Consumer Discretionary 1.91%
5 Communication Services 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SANG
1
Sangoma Technologies
SANG
$138M
$21.7M 5.73%
3,308,133
– –
BUR icon
2
Burford Capital
BUR
$907M
$16.9M 4.46%
779,413
-30,592
-4% -$454K
PAR icon
3
PAR Technology
PAR
$637M
$16.8M 4.44%
273,139
-18,400
-6% -$813K
EMD
4
Western Asset Emerging Markets Debt Fund
EMD
$609M
$13.4M 3.53%
3,141
-415,995
-99% -$3.81M
NAD icon
5
Nuveen Quality Municipal Income Fund
NAD
$2.71B
$13.2M 3.49%
850,000
– –
NZF icon
6
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$12.5M 3.29%
751,000
-6,000
-0.8% -$71.5K
DCBO
7
Docebo
DCBO
$492M
$7.8M 2.06%
117,820
– –
AVNW icon
8
Aviat Networks
AVNW
$262M
$6.73M 1.78%
129,524
– –
NEA icon
9
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
$6.6M 1.74%
440,000
-469,800
-52% -$5.16M
FET icon
10
Forum Energy Technologies
FET
$654M
$5.39M 1.43%
199,122
– –
KKR icon
11
KKR & Co
KKR
$89.2B
$5.36M 1.42%
39,320
-17,700
-31% -$1.63M
IBKR icon
12
Interactive Brokers
IBKR
$40.9B
$5.32M 1.41%
140,552
-12,000
-8% -$299K
WIW
13
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
$5.02M 1.33%
429,452
+7,776
+2% +$66.8K
TPL icon
14
Texas Pacific Land
TPL
$28.9B
$4.48M 1.19%
17,163
– –
Z icon
15
Zillow
Z
$7.04B
$4.36M 1.15%
65,947
-3,900
-6% -$212K
EDD
16
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$3.26M 0.86%
506,611
-481,135
-49% -$2.26M
KW
17
DELISTED
Kennedy-Wilson Holdings
KW
$3.08M 0.81%
264,660
+194,800
+279% +$1.92M
PPLT
18
abrdn Physical Platinum Shares ETF
PPLT
$1.81B
$2.83M 0.75%
+250,000
New +$2.09M
EGAN icon
19
eGain
EGAN
$176M
$2.02M 0.54%
231,617
– –
PTON icon
20
Peloton Interactive
PTON
$2.63B
$1.96M 0.52%
337,090
– –
TAST
21
DELISTED
Carrols Restaurant Group, Inc.
TAST
$1.41M 0.37%
+109,157
New +$1.01M
TCN
22
DELISTED
Tricon Residential Inc.
TCN
$1.38M 0.37%
+91,600
New +$977K
BN icon
23
Brookfield
BN
$102B
$1.36M 0.36%
35,910
– –
NWLI
24
DELISTED
National Western Life Group, Inc. Class A
NWLI
$1.2M 0.32%
1,800
– –
KAMN
25
DELISTED
Kaman Corp
KAMN
$1.16M 0.31%
+18,700
New +$767K
1
2 3 4 5

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SCP
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SFG
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FTC
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PenderFund Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, PenderFund Capital Management held 151 positions worth $378M, up 23% from $307M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

PenderFund Capital Management withdrew a net $119M in Q1 2024, closing 34 positions and reducing 19 holdings. Its most notable exit was Nuveen AMT-Free Municipal Credit Income Fund, an estimated $7.97M position sold in full.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 18% a quarter earlier, followed by Financials and Energy.

Against the trend, PenderFund Capital Management opened a new position in abrdn Physical Platinum Shares ETF worth $2.83M.

  • PenderFund Capital Management's largest Q1 2024 buy was abrdn Physical Platinum Shares ETF: 250,000 shares worth $2.83M.
  • PenderFund Capital Management added most to Kennedy-Wilson Holdings in Q1 2024, an estimated $1.92M increase.
  • PenderFund Capital Management's biggest Q1 2024 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $5.16M.
  • PenderFund Capital Management fully exited Nuveen AMT-Free Municipal Credit Income Fund in Q1 2024, selling an estimated $7.97M.
  • PenderFund Capital Management's ten largest holdings make up 61% of its $378M portfolio in Q1 2024.
  • PenderFund Capital Management opened 40 new positions and closed 34 in Q1 2024.
  • PenderFund Capital Management's portfolio value rose 23% quarter-over-quarter to $378M.

Based on PenderFund Capital Management's 13F filing for Q1 2024, filed 15 May 2024.