PenderFund Capital Management Ltd. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$634.7M

Holdings

219

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (219 positions)

StockValue
AGCN 0.375 01/15/27FIRST MAJESTIC SILVER CORP
$54.6M
PPLTABRDN PLATINUM ETF TRUST
$45.1M
EQXEQUINOX GOLD CORP
$36.5M
FLNC 2.25 06/15/30FLUENCE ENERGY INC
$34.0M
DUK 4.125 04/15/26DUKE ENERGY CORP NEW
$33.3M
SO 4.5 06/15/27SOUTHERN CO
$32.1M
EQXCN 4.75 10/15/28EQUINOX GOLD CORP
$28.5M
SSRMCN 2.5 04/01/39SSR MINING IN
$25.9M
$24.1M
PPL 2.875 03/15/28PPL CAP FDG INC
$21.0M
$19.8M
NOG 3.625 04/15/29NORTHERN OIL & GAS INC
$19.5M
CDLX 4.25 04/01/29CARDLYTICS INC
$19.4M
ESPRESPERION THERAPEUTICS INC NE
$16.3M
SLVISHARES SILVER TR
$15.9M
TSATTELESAT CORP
$15.9M
PARPAR TECHNOLOGY CORP
$15.2M
STCSANGOMA TECHNOLOGIES CORP
$14.2M
$14.1M
PSLV/USPROTT ASSET MANAGEMENT LP
$13.4M
WOLF 2.5 06/15/31WOLFSPEED INC
$12.1M
OPK 3.75 01/15/29OPKO HEALTH INC
$9.6M
WIWWESTERN AST INFL LKD OPP & I
$8.7M
TXNM 5.75 06/01/54TXNM ENERGY INC
$8.0M
EVH 3.5 12/01/29EVOLENT HEALTH INC
$5.9M
ABNB 0 03/15/26AIRBNB INC
$5.0M
PAR 1.5 10/15/27PAR TECHNOLOGY CORP
$4.9M
BURBURFORD CAP LTD
$4.4M
EVH 4.5 08/15/31EVOLENT HEALTH INC
$2.9M
EROERO COPPER CORP
$2.8M
KKRKKR & CO INC
$2.5M
WBSWEBSTER FINL CORP
$2.4M
NXENEXGEN ENERGY LTD
$2.4M
HXLHEXCEL CORP NEW
$2.3M
SAROSTANDARDAERO INC
$2.3M
IFFINTERNATIONAL FLAVORS&FRAGRA
$2.3M
DLTRDOLLAR TREE INC
$2.3M
BNBROOKFIELD CORP
$2.1M
BYDBOYD GROUP SERVICES INC
$2.0M
AGROADECOAGRO S A
$2.0M
ADUSADDUS HOMECARE CORP
$2.0M
FLRFLUOR CORP NEW
$1.8M
CLVTCLARIVATE PLC
$1.7M
STNESTONECO LTD
$1.5M
MKLMARKEL GROUP INC
$1.1M
DHRDANAHER CORPORATION
$1.1M
EVREVERCORE INC
$1.0M
ISOISOENERGY LTD
$1.0M
BIDUNBAIDU INC
$993K
MCHPMICROCHIP TECHNOLOGY INC.
$945K
75ZSOHO HOUSE & CO INC
$886K
BEPBROOKFIELD RENEWABLE PARTNER
$810K
LADLITHIA MTRS INC
$797K
XWIAXWESTERN ASST INFLTN LKD INM
$793K
MRVIMARAVAI LIFESCIENCES HLDGS I
$716K
CVECENOVUS ENERGY INC
$676K
CCOCAMECO CORP
$668K
NVDANVIDIA CORPORATION
$652K
AAUCALLIED GOLD CORP
$618K
DAYDAYFORCE INC
$574K
TLNTALEN ENERGY CORP
$562K
ATSATS CORPORATION
$550K
WCNWASTE CONNECTIONS INC
$526K
AMCXAMC NETWORKS INC
$521K
DMIIDRUGS MADE IN AMER ACQ II CO
$497K
ALAIR LEASE CORP
$489K
WBDWARNER BROS DISCOVERY INC
$484K
VZLAVIZSLA SILVER CORP
$454K
CYBRCYBERARK SOFTWARE LTD
$446K
SZZLSIZZLE ACQUISITION CORP. II
$443K
DBRGDIGITALBRIDGE GROUP INC
$427K
HIHILLENBRAND INC
$425K
WOLFWOLFSPEED INC
$415K
CIOCITY OFFICE REIT INC
$410K
EBEVENTBRITE INC
$408K
SOHOSOTHERLY HOTELS INC
$397K
DENNDENNYS CORP
$394K
AGIALAMOS GOLD INC NEW
$386K
TACHTITAN ACQUISITION CORP
$375K
GTLSCHART INDS INC
$371K
TXNMTXNM ENERGY INC
$365K
TVAITHAYER VENTURES ACQ CORP II
$364K
CADECADENCE BANK
$341K
SNCRSYNCHRONOSS TECHNOLOGIES INC
$333K
LPAALAUNCH ONE ACQUISITION CORP
$332K
QIPTQUIPT HOME MEDICAL CORP
$327K
CTLPCANTALOUPE INC
$327K
HOLXHOLOGIC INC
$327K
RNAAVIDITY BIOSCIENCES INC
$324K
ONON SEMICONDUCTOR CORP
$314K
TXNTEXAS INSTRS INC
$312K
XENEXENON PHARMACEUTICALS INC
$307K
AZNASTRAZENECA PLC
$306K
SOULSOULPOWER ACQUISITION CORP
$305K
BCARD. BORAL ARC ACQ I CORP.
$294K
SOCASOLARIUS CAPITAL ACQU CORP
$292K
LNSRLENSAR INC
$286K
JBLJABIL INC
$286K
MAMASTERCARD INCORPORATED
$285K
SZ7AMERICAS GOLD AND SILVER COR
$273K
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