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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
+3.7%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$465M
AUM Growth
+$31.2M
Cap. Flow
-$180M
Cap. Flow %
-38.72%
Top 10 Hldgs %
61.64%
Holding
191
New
54
Increased
23
Reduced
14
Closed
62

Top Buys

Rank Stock Value
1
PPLT
abrdn Physical Platinum Shares ETF
PPLT
+$11.1M
2
LSPD icon
Lightspeed Commerce
LSPD
+$6.09M
3
MRVI icon
Maravai LifeSciences
MRVI
+$3.73M
4
MOH icon
Molina Healthcare
MOH
+$2.94M
5
SANG
Sangoma Technologies
SANG
+$2.54M

Top Sells

Rank Stock Value
1
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$6.48M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$3.01M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$2.91M
4
TPL icon
Texas Pacific Land
TPL
+$1.99M
5
IBKR icon
Interactive Brokers
IBKR
+$1.68M

Sector Composition

Rank Sector Weight
1 Technology 19.38%
2 Financials 6.51%
3 Healthcare 2.72%
4 Communication Services 1.99%
5 Energy 1.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SANG
1
Sangoma Technologies
SANG
$138M
$35.5M 7.63%
3,548,733
+408,500
+13% +$2.54M
PPLT
2
abrdn Physical Platinum Shares ETF
PPLT
$1.81B
$29.8M 6.41%
2,500,000
+1,250,000
+100% +$11.1M
PAR icon
3
PAR Technology
PAR
$637M
$24.7M 5.31%
236,509
-21,500
-8% -$1.47M
BUR icon
4
Burford Capital
BUR
$907M
$14.1M 3.04%
771,713
– –
WIW
5
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
$11.3M 2.43%
953,094
– –
DCBO
6
Docebo
DCBO
$492M
$9.79M 2.1%
151,920
+34,100
+29% +$1.61M
LSPD icon
7
Lightspeed Commerce
LSPD
$1.3B
$8.22M 1.77%
374,800
+371,100
+10,030% +$6.09M
Z icon
8
Zillow
Z
$7.04B
$7.98M 1.71%
74,947
– –
NAD icon
9
Nuveen Quality Municipal Income Fund
NAD
$2.71B
$5.61M 1.21%
335,000
-250,000
-43% -$3.01M
MRVI icon
10
Maravai LifeSciences
MRVI
$997M
$4.55M 0.98%
+580,300
New +$3.73M
FET icon
11
Forum Energy Technologies
FET
$654M
$4.43M 0.95%
199,122
– –
NEA icon
12
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
$4.3M 0.92%
265,000
-250,000
-49% -$2.91M
MOH icon
13
Molina Healthcare
MOH
$10.3B
$4.2M 0.9%
10,031
+9,531
+1,906% +$2.94M
CLVT icon
14
Clarivate
CLVT
$1.3B
$3.88M 0.83%
531,100
+28,300
+6% +$163K
KW
15
DELISTED
Kennedy-Wilson Holdings
KW
$3.81M 0.82%
265,362
+702
+0.3% +$7.66K
KKR icon
16
KKR & Co
KKR
$89.2B
$3.68M 0.79%
17,320
-7,400
-30% -$1.09M
HXL icon
17
Hexcel
HXL
$8.32B
$2.83M 0.61%
31,348
+27,548
+725% +$1.7M
IBKR icon
18
Interactive Brokers
IBKR
$40.9B
$2.55M 0.55%
40,152
-40,000
-50% -$1.68M
TPL icon
19
Texas Pacific Land
TPL
$28.9B
$2.38M 0.51%
4,500
-4,863
-52% -$1.99M
ERO icon
20
Ero Copper
ERO
$2.71B
$2.38M 0.51%
122,656
-15,044
-11% -$255K
BN icon
21
Brookfield
BN
$102B
$1.96M 0.42%
35,610
– –
MCHP icon
22
Microchip Technology
MCHP
$42.8B
$1.35M 0.29%
16,360
+4,700
+40% +$323K
MKL icon
23
Markel Group
MKL
$25B
$1.25M 0.27%
+504
New +$836K
HHH icon
24
Howard Hughes
HHH
$3.93B
$1.06M 0.23%
9,600
– –
PPLI
25
People Inc
PPLI
$3.1B
$998K 0.21%
19,626
– –
1
2 3 4 5

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PenderFund Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, PenderFund Capital Management held 191 positions worth $465M, up 7.2% from $434M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

PenderFund Capital Management withdrew a net $180M in Q4 2024, closing 62 positions and reducing 14 holdings. Its most notable exit was Nuveen Municipal Credit Income Fund, an estimated $6.48M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, PenderFund Capital Management opened a new position in Maravai LifeSciences worth $4.55M.

  • PenderFund Capital Management's largest Q4 2024 buy was Maravai LifeSciences: 580,300 shares worth $4.55M.
  • PenderFund Capital Management added most to abrdn Physical Platinum Shares ETF in Q4 2024, an estimated $11.1M increase.
  • PenderFund Capital Management's biggest Q4 2024 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $3.01M.
  • PenderFund Capital Management fully exited Nuveen Municipal Credit Income Fund in Q4 2024, selling an estimated $6.48M.
  • PenderFund Capital Management's ten largest holdings make up 62% of its $465M portfolio in Q4 2024.
  • PenderFund Capital Management opened 54 new positions and closed 62 in Q4 2024.
  • PenderFund Capital Management's portfolio value rose 7.2% quarter-over-quarter to $465M.

Based on PenderFund Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.