PenderFund Capital Management Ltd.
CIK: 0001706164SEC EDGAR →
Portfolio Value
$634.7M
Holdings
219
As of
Q4 2025
New Positions
88
Closed Positions
42
Portfolio Value History
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | FIRST MAJESTIC SILVER CORP | 44,040,000 | $54.6M | 8.60% |
| 2 | ABRDN PLATINUM ETF TRUST | 242,000 | $45.1M | 7.11% |
| 3 | EQUINOX GOLD CORP | 2,596,154 | $36.5M | 5.75% |
| 4 | FLUENCE ENERGY INC | 28,000,000 | $34.0M | 5.36% |
| 5 | DUKE ENERGY CORP NEW | 32,000,000 | $33.3M | 5.24% |
| 6 | SOUTHERN CO | 30,000,000 | $32.1M | 5.07% |
| 7 | EQUINOX GOLD CORP | 12,077,000 | $28.5M | 4.50% |
| 8 | SSR MINING IN | 19,737,000 | $25.9M | 4.08% |
| 9 | NIO INC | 25,270,000 | $24.1M | 3.79% |
| 10 | PPL CAP FDG INC | 19,000,000 | $21.0M | 3.31% |
Quarterly Changes
Top Buys
$34.0M
NOG 3.625 04/15/29↑ Increased
$14.4M
NIO 4.625 10/15/30↑ Increased
$12.2M
$12.1M
PPL 2.875 03/15/28↑ Increased
$10.7M
Top Sells
PDD 0 12/01/25CLOSED
$18.4M
BYND 0 03/15/27CLOSED
$16.9M
WOLF 1.75 05/01/26CLOSED
$15.1M
WOLF 1.875 12/01/29CLOSED
$14.5M
WEATUSDCLOSED
$14.3M
New Positions (97)
$34.0M · 28.0M shares
$12.1M · 8.1M shares
$4.9M · 5.0M shares
$2.3M · 81K shares
$2.0M · 13K shares
$993K · 8K shares
$668K · 7K shares
$652K · 4K shares
$618K · 27K shares
$562K · 2K shares
$484K · 17K shares
$443K · 44K shares
$425K · 13K shares
$415K · 24K shares
$408K · 92K shares
$397K · 185K shares
$394K · 64K shares
$375K · 37K shares
$364K · 36K shares
$341K · 8K shares
$333K · 39K shares
$327K · 93K shares
$324K · 5K shares
$314K · 6K shares
$312K · 2K shares
$305K · 30K shares
$294K · 29K shares
$292K · 29K shares
$268K · 22K shares
$268K · 4K shares
$255K · 12K shares
$254K · 2K shares
$250K · 25K shares
$249K · 20K shares
$246K · 59K shares
$242K · 2K shares
$240K · 23K shares
$233K · 23K shares
$232K · 23K shares
$231K · 9K shares
$219K · 97K shares
$214K · 18K shares
$208K · 2K shares
$205K · 50K shares
$200K · 20K shares
$198K · 900 shares
$187K · 3K shares
$177K · 18K shares
RANGE CAP ACQUISITION CORP I
$176K · 17K shares
$175K · 8K shares
$175K · 17K shares
$173K · 13K shares
$172K · 8K shares
$171K · 7K shares
$169K · 12K shares
$166K · 4K shares
$150K · 19K shares
$150K · 8K shares
$149K · 13K shares
$141K · 14K shares
$127K · 3K shares
$119K · 12K shares
$107K · 11K shares
$103K · 10K shares
$102K · 2K shares
$102K · 10K shares
$99K · 10K shares
$91K · 9K shares
$90K · 9K shares
$82K · 8K shares
$72K · 7K shares
$51K · 5K shares
$51K · 5K shares
$50K · 5K shares
$50K · 5K shares
SOCIAL COMM PARTNERS CORP
$50K · 5K shares
$50K · 5K shares
$49K · 5K shares
$49K · 5K shares
$42K · 5K shares
$38K · 3K shares
$35K · 1K shares
$29K · 350 shares
$26K · 595 shares
$25K · 3K shares
$20K · 70 shares
$20K · 604 shares
$14K · 1K shares
$12K · 400 shares
$7K · 9K shares
$4K · 109 shares
$4K · 161 shares
$2K · 375 shares
$1K · 3K shares
$1K · 6K shares
$0 · 1K shares
$0 · 1 shares
Closed Positions (85)
$18.4M · 18.5M shares
$16.9M · 93.8M shares
$15.1M · 25.3M shares
$14.5M · 24.5M shares
$14.3M · 3.5M shares
$10.6M · 18.0M shares
$6.9M · 260K shares
$3.0M · 3.0M shares
$1.9M · 10K shares
$567K · 106K shares
$532K · 43K shares
$494K · 100K shares
$443K · 2K shares
$416K · 4K shares
$411K · 53K shares
$380K · 6K shares
$379K · 25K shares
$377K · 37K shares
$344K · 239K shares
MAC COPPER LIMITED
$323K · 26K shares
$319K · 30K shares
$307K · 29K shares
$306K · 40K shares
$294K · 29K shares
$259K · 14K shares
$255K · 25K shares
WNS HLDGS LTD
$252K · 3K shares
$251K · 24K shares
BLUE WTR ACQUISITION CORP. I
$249K · 25K shares
$245K · 24K shares
$232K · 9K shares
$230K · 22K shares
$230K · 23K shares
$229K · 18K shares
$226K · 13K shares
$226K · 9K shares
$216K · 114K shares
$200K · 20K shares
$188K · 19K shares
$186K · 11K shares
$185K · 3K shares
$175K · 17K shares
$172K · 6K shares
MURAL ONCOLOGY PUB LTD
$171K · 83K shares
$169K · 2K shares
CRANE HBR ACQUISITION CORP
$167K · 15K shares
$159K · 12K shares
$157K · 9K shares
$152K · 11K shares
$151K · 15K shares
$143K · 3K shares
$138K · 9K shares
$125K · 19K shares
$124K · 6K shares
$117K · 5K shares
$115K · 8K shares
$105K · 10K shares
$105K · 10K shares
$104K · 10K shares
$101K · 6K shares
$100K · 10K shares
$98K · 19K shares
$93K · 5K shares
$93K · 9K shares
$75K · 17K shares
INFLECTION PT ACQUISITION CO
$53K · 5K shares
$52K · 5K shares
$52K · 5K shares
FIGX CAP ACQUISITION CORP.
$50K · 5K shares
$50K · 5K shares
$33K · 5K shares
$29K · 31 shares
$20K · 13K shares
$19K · 2K shares
$11K · 967 shares
$10K · 1K shares
$7K · 30K shares
$3K · 269 shares
ALPHATIME ACQUISITION CORP
$2K · 181 shares
$2K · 191 shares
$2K · 5K shares
$967 · 17 shares
$666 · 5 shares
$425 · 3K shares
$51 · 2 shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Unknown | 44 | $395.7M | 62.4% |
| Technology | 36 | $110.7M | 17.4% |
| Basic Materials | 8 | $43.5M | 6.8% |
| Financial Services | 75 | $37.3M | 5.9% |
| Healthcare | 14 | $22.2M | 3.5% |
| Industrials | 12 | $9.1M | 1.4% |
| Consumer Defensive | 4 | $4.3M | 0.7% |
| Consumer Cyclical | 9 | $3.6M | 0.6% |
| Energy | 3 | $3.1M | 0.5% |
| Utilities | 4 | $1.9M | 0.3% |
| Communication Services | 5 | $1.8M | 0.3% |
| Real Estate | 5 | $1.4M | 0.2% |