PenderFund Capital Management Ltd.
Filing Date
Global Rank
#4,222
/ 8,622
▼ 313
· as of Mar 2026
Top Industry
Asset Management
11.3%
3Y Alpha vs SPY
-10.3%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+45.2%
SPY
+67.9%
Annualised alpha
-5.6%
Max drawdown
−24.4%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
192 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
14.4%
−4.0 pts
Top 5
38.2%
−14.5 pts
Top 10
57.1%
−17.1 pts
HHI
462
Diversified−342
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 24.5% | $48,566,963 |
| Financial Services | 15.4% | $30,496,741 |
| Unclassified | 14.4% | $28,566,050 |
| Industrials | 12.2% | $24,138,153 |
| Basic Materials | 11.6% | $22,949,912 |
| Healthcare | 9.5% | $18,812,328 |
| Consumer Cyclical | 3.6% | $7,129,617 |
| Consumer Defensive | 3.1% | $6,050,433 |
| Energy | 2.9% | $5,719,754 |
| Communication Services | 1.2% | $2,291,748 |
| Utilities | 1.1% | $2,196,031 |
| Real Estate | 0.7% | $1,351,850 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CLVT | Clarivate PLC | +592,600 | 1,113,600 | $2,817,408 | |
| PAR | Par Technology Corp | +394,796 | 812,462 | $10,830,118 | |
| WRN | Western Copper & Gold Corp | +117,645 | 186,145 | $470,946 | |
| CART | Maplebear Inc. | +55,420 | 56,015 | $2,098,321 | |
| ISOU | IsoEnergy Ltd. | +33,600 | 145,200 | $1,530,408 | |
| FOLD | AMICUS THERAPEUTICS, INC. | +29,200 | 41,100 | $594,306 | |
| GDOT | Green Dot Corp | +28,600 | 48,100 | $539,682 | |
| KW | Kennedy-Wilson Holdings, Inc. | +21,000 | 42,200 | $456,604 | |
| DECK | Deckers Outdoor Corp | +18,871 | 20,981 | $2,099,988 | |
| ONTF | ON24 INC. | +18,600 | 37,500 | $303,750 | |
| BAH | Booz Allen Hamilton Holding Corp | +17,270 | 17,620 | $1,374,888 | |
| SEMR | SEMrush Holdings, Inc. | +10,805 | 28,828 | $344,206 | |
| KKR | KKR & Co. Inc. | +9,600 | 29,340 | $2,713,950 | |
| FONR | Fonar Corp | +9,200 | 17,300 | $321,088 | |
| LNSR | LENSAR, Inc. | +8,781 | 33,381 | $198,950 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | +7,800 | 1,023,197 | $8,656,246 | |
| WIA | Western Asset Inflation-Linked Income Fund | +7,500 | 103,800 | $838,704 | |
| GDEN | NEW ROYAL HOLDCO I INC. | +6,355 | 14,855 | $396,479 | |
| NXE | NexGen Energy Ltd. | +6,200 | 263,000 | $3,050,800 | |
| CWAN | Clearwater Analytics Holdings, Inc. | +5,700 | 12,800 | $302,720 | |
| WBD | Warner Bros. Discovery, Inc. | +5,500 | 22,300 | $612,358 | |
| JHG | Janus Henderson Group Ltd. | +5,200 | 8,700 | $446,919 | |
| BLFY | Blue Foundry Bancorp | +4,196 | 25,796 | $341,539 | |
| HOLX | HOLOGIC INC | +3,600 | 8,000 | $604,720 | |
| PRA | Proassurance Corp | +1,891 | 11,292 | $279,138 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
20 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| EQX | Equinox Gold Corp. | −1,783,654 | 812,500 | $11,748,750 | |
| ESPR | Esperion Therapeutics, Inc. | −500,000 | 3,891,926 | $10,663,877 | |
| ERO | Ero Copper Corp. | −94,720 | 7,870 | $209,892 | |
| PPLT | abrdn Platinum ETF Trust | −82,000 | 160,000 | $28,516,800 | |
| TSAT | Telesat Corp | −38,600 | 371,153 | $13,435,738 | |
| WBS | Webster Financial Corp | −32,138 | 5,700 | $395,694 | |
| USAS | Americas Gold & Silver Corp | −26,700 | 26,700 | $139,374 | |
| HXL | Hexcel Corp /De/ | −18,825 | 12,898 | $1,043,835 | |
| IFF | International Flavors & Fragrances Inc | −16,600 | 17,612 | $1,277,750 | |
| MRVI | Maravai Lifesciences Holdings, Inc. | −15,500 | 205,000 | $580,150 | |
| BN | BROOKFIELD Corp /ON/ | −10,500 | 35,610 | $1,441,136 | |
| MCHP | Microchip Technology Inc | −7,100 | 7,735 | $499,758 | |
| BGSI | Boyd Group Services Inc. | −5,600 | 6,900 | $882,234 | |
| SOCA | Solarius Capital Acquisition Corp. | −3,700 | 25,400 | $258,318 | |
| FERA | Fifth Era Acquisition Corp I | −1,900 | 8,200 | $84,460 | |
| NPAC | New Providence Acquisition Corp. III/Cayman | −1,065 | 12,700 | $130,302 | |
| TXNM | Txnm Energy Inc | −800 | 5,400 | $315,684 | |
| SANG | Sangoma Technologies Corp | −500 | 2,820,933 | $10,945,220 | |
| AR | ANTERO RESOURCES Corp | −100 | 700 | $29,708 | |
| JBL | Jabil Inc | −50 | 1,207 | $320,615 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MDA | MDA Space Ltd. | 436,232 | $11,045,394 | |
| BMM | Blue Moon Metals Inc. | 565,298 | $3,697,048 | |
| HSLV | Highlander Silver Corp. | 587,800 | $3,456,264 | |
| GNRC | Generac Holdings Inc. | 10,850 | $2,119,330 | |
| EDD | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 400,000 | $2,028,000 | |
| SHOP | Shopify Inc. | 12,800 | $1,518,336 | |
| WPM | Wheaton Precious Metals Corp. | 7,400 | $969,474 | |
| NATH | Nathans Famous, Inc. | 8,600 | $866,278 | |
| MSFT | Microsoft Corp | 2,300 | $851,391 | |
| APH | Amphenol Corp /De/ | 5,600 | $707,560 | |
| CAT | Caterpillar Inc | 900 | $637,614 | |
| SSRM | Ssr Mining Inc. | 21,594 | $634,863 | |
| DAWN | Day One Biopharmaceuticals, Inc. | 26,800 | $574,592 | |
| DMII | Drugs Made In America Acquisition II Corp. | 49,700 | $495,509 | |
| KORE | KORE Group Holdings, Inc. | 52,184 | $470,699 | |
| SEM | Select Medical Holdings Corp | 28,700 | $467,523 | |
| NATL | NCR Atleos Corp | 10,700 | $466,306 | |
| TPH | Tri Pointe Homes, Inc. | 9,900 | $462,627 | |
| ARM | Arm Holdings PLC /Uk | 2,800 | $423,584 | |
| GLDD | Great Lakes Dredge & Dock CORP | 23,200 | $394,400 | |
| INTU | Intuit Inc. | 900 | $389,142 | |
| NOW | ServiceNow, Inc. | 3,700 | $386,835 | |
| PEN | Penumbra Inc | 1,170 | $384,192 | |
| ADBE | Adobe Inc. | 1,500 | $364,620 | |
| CCO | Clear Channel Outdoor Holdings, Inc. | 152,700 | $361,899 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
22 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SLV | iShares Silver Trust | 247,500 | $15,943,950 | |
| PSLV | Sprott Physical Silver Trust | 565,000 | $13,362,250 | |
| LAD | Lithia Motors Inc | 2,400 | $797,592 | |
| CCJ | Cameco Corp | 7,300 | $667,877 | |
| NVDA | Nvidia Corp | 3,500 | $652,750 | |
| AAUC | Allied Gold Corp | 27,000 | $617,760 | |
| VZLA | Vizsla Silver Corp. | 83,000 | $454,010 | |
| AGI | Alamos Gold Inc | 10,000 | $385,800 | |
| CTLP | Cantaloupe, Inc. | 30,800 | $327,096 | |
| ON | On Semiconductor Corp | 5,800 | $314,070 | |
| TXN | Texas Instruments Inc | 1,800 | $312,282 | |
| MA | Mastercard Inc | 500 | $285,440 | |
| ASTL | Algoma Steel Group Inc. | 50,000 | $205,000 | |
| EM | Smart Share Global Ltd | 131,500 | $153,855 | |
| AMWD | American Woodmark Corp | 1,800 | $97,020 | |
| TGNA | TEGNA INC | 4,500 | $87,345 | |
| ONL | Orion Properties Inc. | 37,000 | $83,620 | |
| GOOS | Canada Goose Holdings Inc. | 3,300 | $42,735 | |
| BCE | Bce Inc | 352 | $8,384 | |
| FG | F&G Annuities & Life, Inc. | 161 | $4,966 | |
| BBT | Beacon Financial Corp | 116 | $3,058 | |
| UDMY | Udemy, Inc. | 375 | $2,193 | |
| No positions match the current search. | ||||
192 positions ·
$198,269,580 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 192 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PPLT |
abrdn Platinum ETF Trust
|
Reduced | 160,000 | $28,516,800 | 14.38% | |
| TSAT |
Telesat Corp
Technology
|
Reduced | 371,153 | $13,435,738 | 6.78% | |
| EQX |
Equinox Gold Corp.
Basic Materials
|
Reduced | 812,500 | $11,748,750 | 5.93% | |
| MDA |
MDA Space Ltd.
Industrials
|
NEW | 436,232 | $11,045,394 | 5.57% | |
| SANG |
Sangoma Technologies Corp
Technology
|
Reduced | 2,820,933 | $10,945,220 | 5.52% | |
| PAR |
Par Technology Corp
Technology
|
Added | 812,462 | $10,830,118 | 5.46% | |
| ESPR |
Esperion Therapeutics, Inc.
Healthcare
|
Reduced | 3,891,926 | $10,663,877 | 5.38% | |
| WIW |
Western Asset Inflation-Linked Opportunities & Income Fund
Financial Services
|
Added | 1,023,197 | $8,656,246 | 4.37% | |
| AGRO |
Adecoagro S.A.
Consumer Defensive
|
Held | 250,000 | $3,755,000 | 1.89% | |
| BMM |
Blue Moon Metals Inc.
Basic Materials
|
NEW | 565,298 | $3,697,048 | 1.86% | |
| HSLV |
Highlander Silver Corp.
Basic Materials
|
NEW | 587,800 | $3,456,264 | 1.74% | |
| NXE |
NexGen Energy Ltd.
Energy
|
Added | 263,000 | $3,050,800 | 1.54% | |
| CLVT |
Clarivate PLC
Technology
|
Added | 1,113,600 | $2,817,408 | 1.42% | |
| KKR |
KKR & Co. Inc.
Financial Services
|
Added | 29,340 | $2,713,950 | 1.37% | |
| BUR |
Burford Capital Ltd
Financial Services
|
Held | 497,990 | $2,250,914 | 1.14% | |
| GNRC |
Generac Holdings Inc.
Industrials
|
NEW | 10,850 | $2,119,330 | 1.07% | |
| FLR |
Fluor Corp
Industrials
|
Held | 45,140 | $2,105,781 | 1.06% | |
| DECK |
Deckers Outdoor Corp
Consumer Cyclical
|
Added | 20,981 | $2,099,988 | 1.06% | |
| SARO |
StandardAero, Inc.
Industrials
|
Added | 81,250 | $2,098,687 | 1.06% | |
| CART |
Maplebear Inc.
Consumer Cyclical
|
Added | 56,015 | $2,098,321 | 1.06% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Held | 18,530 | $2,029,220 | 1.02% | |
| EDD |
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Financial Services
|
NEW | 400,000 | $2,028,000 | 1.02% | |
| ADUS |
Addus HomeCare Corp
Healthcare
|
Added | 18,475 | $1,730,183 | 0.87% | |
| ISOU |
IsoEnergy Ltd.
Energy
|
Added | 145,200 | $1,530,408 | 0.77% | |
| SHOP |
Shopify Inc.
Technology
|
NEW | 12,800 | $1,518,336 | 0.77% | |
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Reduced | 35,610 | $1,441,136 | 0.73% | |
| STNE |
StoneCo Ltd.
Technology
|
Held | 100,000 | $1,412,000 | 0.71% | |
| BAH |
Booz Allen Hamilton Holding Corp
Industrials
|
Added | 17,620 | $1,374,888 | 0.69% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Reduced | 17,612 | $1,277,750 | 0.64% | |
| CVE |
Cenovus Energy Inc.
Energy
|
Held | 40,000 | $1,061,200 | 0.54% | |
| HXL |
Hexcel Corp /De/
Industrials
|
Reduced | 12,898 | $1,043,835 | 0.53% | |
| MKL |
Markel Group Inc.
Financial Services
|
Held | 517 | $989,574 | 0.50% | |
| BEP |
Brookfield Renewable Partners L.P.
Utilities
|
Held | 30,000 | $979,200 | 0.49% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
NEW | 7,400 | $969,474 | 0.49% | |
| EVR |
Evercore Inc.
Financial Services
|
Added | 3,100 | $925,381 | 0.47% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Held | 4,700 | $891,120 | 0.45% | |
| BGSI |
Boyd Group Services Inc.
Consumer Cyclical
|
Reduced | 6,900 | $882,234 | 0.44% | |
| NATH |
Nathans Famous, Inc.
Consumer Cyclical
|
NEW | 8,600 | $866,278 | 0.44% | |
| MSFT |
Microsoft Corp
Technology
|
NEW | 2,300 | $851,391 | 0.43% | |
| BIDU |
Baidu, Inc.
Communication Services
|
Held | 7,600 | $846,792 | 0.43% | |
| WIA |
Western Asset Inflation-Linked Income Fund
Financial Services
|
Added | 103,800 | $838,704 | 0.42% | |
| APH |
Amphenol Corp /De/
Technology
|
NEW | 5,600 | $707,560 | 0.36% | |
| GTLS |
Chart Industries Inc
Industrials
|
Added | 3,100 | $640,925 | 0.32% | |
| CAT |
Caterpillar Inc
Industrials
|
NEW | 900 | $637,614 | 0.32% | |
| SSRM |
Ssr Mining Inc.
Basic Materials
|
NEW | 21,594 | $634,863 | 0.32% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Added | 22,300 | $612,358 | 0.31% | |
| HOLX |
HOLOGIC INC
Healthcare
|
Added | 8,000 | $604,720 | 0.30% | |
| FOLD |
AMICUS THERAPEUTICS, INC.
Healthcare
|
Added | 41,100 | $594,306 | 0.30% | |
| MRVI |
Maravai Lifesciences Holdings, Inc.
Healthcare
|
Reduced | 205,000 | $580,150 | 0.29% | |
| DAWN |
Day One Biopharmaceuticals, Inc.
Healthcare
|
NEW | 26,800 | $574,592 | 0.29% |