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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
+34.02%
1 Year Est. Return
+31.05%
3 Year Est. Return
+130.01%
5 Year Est. Return
+118.66%
10 Year Est. Return
–
AUM
$367M
AUM Growth
-$98.3M
(-21%)
Cap. Flow
-$220M
Cap. Flow
% of AUM
-59.98%
Top 10 Holdings %
Top 10 Hldgs %
53.71%
Holding
177
New
41
Increased
33
Reduced
13
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESPR
Esperion Therapeutics
ESPR
|
+$3.69M |
| 2 |
Forum Energy Technologies
FET
|
+$3.3M |
| 3 |
StoneCo
STNE
|
+$1.41M |
| 4 |
Maravai LifeSciences
MRVI
|
+$972K |
| 5 |
Lithia Motors
LAD
|
+$817K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen Quality Municipal Income Fund
NAD
|
+$5.61M |
| 2 |
Nuveen AMT-Free Quality Municipal Income Fund
NEA
|
+$4.3M |
| 3 |
Lightspeed Commerce
LSPD
|
+$2.75M |
| 4 |
Interactive Brokers
IBKR
|
+$2.55M |
| 5 |
Texas Pacific Land
TPL
|
+$2.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.98% |
| 2 | Financials | 18.42% |
| 3 | Industrials | 12.61% |
| 4 | Consumer Discretionary | 10.54% |
| 5 | Healthcare | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
JFrog
FROG
$9.71B
| $35M | 9.55% |
1,500
| – | – |
|
|
IMSRW
2
Terrestrial Energy Warrant
IMSRW
$23M
| $24.3M | 6.62% |
15,000
| – | – |
|
3
Copa Holdings
CPA
$5.56B
| $22.8M | 6.22% |
1,947
+83
| +4% | +$7.7K |
|
|
TBNK
4
DELISTED
Territorial Bancorp Inc.
TBNK
| $22.6M | 6.16% |
22,571
+2,271
| +11% | +$19.7K |
|
5
Hexcel
HXL
$8.32B
| $16.3M | 4.43% |
31,510
+162
| +0.5% | +$10.1K |
|
|
6
Forum Energy Technologies
FET
$654M
| $16.3M | 4.43% |
377,679
+178,557
| +90% | +$3.3M |
|
7
Rambus
RMBS
$10.4B
| $12.7M | 3.46% |
299
+169
| +130% | +$9.93K |
|
|
PTVE
8
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $12.5M | 3.41% |
27,400
-1,800
| -6% | -$32K |
|
|
PRA
9
DELISTED
ProAssurance
PRA
| $12.4M | 3.36% |
+5,100
| New | +$82.6K |
|
10
PAR Technology
PAR
$637M
| $12.2M | 3.32% |
206,909
-29,600
| -13% | -$1.99M |
|
|
AGS
11
DELISTED
PlayAGS
AGS
| $11.8M | 3.22% |
34,900
| – | – |
|
|
ESPR
12
DELISTED
Esperion Therapeutics
ESPR
| $10.8M | 2.94% |
+2,000,000
| New | +$3.69M |
|
|
PPLT
13
abrdn Physical Platinum Shares ETF
PPLT
$1.81B
| $10.2M | 2.78% |
2,500,000
| – | – |
|
|
EVRI
14
DELISTED
Everi Holdings
EVRI
| $9.37M | 2.55% |
39,600
| – | – |
|
|
ESGR
15
DELISTED
Enstar Group
ESGR
| $9.3M | 2.53% |
1,200
-600
| -33% | -$198K |
|
|
KW
16
DELISTED
Kennedy-Wilson Holdings
KW
| $7.6M | 2.07% |
265,837
+475
| +0.2% | +$4.33K |
|
|
GRAF
17
Graf Global Corp
GRAF
$153M
| $6.29M | 1.71% |
10,000
| – | – |
|
18
Fidelity National Financial
FNF
$13.9B
| $5.45M | 1.48% |
2,466
+208
| +9% | +$12.5K |
|
19
Zillow
Z
$7.04B
| $5.14M | 1.4% |
74,947
| – | – |
|
20
DigitalBridge
DBRG
$2.94B
| $4.79M | 1.3% |
1,470
+833
| +131% | +$8.75K |
|
|
NEUE
21
DELISTED
NeueHealth
NEUE
| $4.04M | 1.1% |
+29,115
| New | +$204K |
|
|
JWN
22
DELISTED
Nordstrom
JWN
| $3.32M | 0.9% |
+19,300
| New | +$468K |
|
|
PPLI
23
People Inc
PPLI
$3.1B
| $2.99M | 0.81% |
19,626
| – | – |
|
|
IVAC
24
DELISTED
Intevac Inc
IVAC
| $2.88M | 0.78% |
+105,300
| New | +$397K |
|
|
LGTY
25
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $2.67M | 0.73% |
+30,500
| New | +$408K |
|
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PenderFund Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, PenderFund Capital Management held 177 positions worth $367M, down 21% from $465M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
PenderFund Capital Management withdrew a net $220M in Q1 2025, closing 35 positions and reducing 13 holdings. Its most notable exit was Nuveen Quality Municipal Income Fund, an estimated $5.61M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Financials and Industrials.
Against the trend, PenderFund Capital Management opened a new position in Esperion Therapeutics worth $10.8M.
- PenderFund Capital Management's largest Q1 2025 buy was Esperion Therapeutics: 2,000,000 shares worth $10.8M.
- PenderFund Capital Management added most to Forum Energy Technologies in Q1 2025, an estimated $3.3M increase.
- PenderFund Capital Management's biggest Q1 2025 reduction was Lightspeed Commerce, cutting an estimated $2.75M.
- PenderFund Capital Management fully exited Nuveen Quality Municipal Income Fund in Q1 2025, selling an estimated $5.61M.
- PenderFund Capital Management's ten largest holdings make up 54% of its $367M portfolio in Q1 2025.
- PenderFund Capital Management opened 41 new positions and closed 35 in Q1 2025.
- PenderFund Capital Management's portfolio value fell 21% quarter-over-quarter to $367M.
Based on PenderFund Capital Management's 13F filing for Q1 2025, filed 15 May 2025.