PenderFund Capital Management Ltd.
Filing Date
Global Rank
#3,898
/ 8,232
▼ 206
Top Industry
Asset Management
11.3%
3Y Alpha vs SPY
-11.7%
Period ended 2 months ago
Filed May 15, 2026 · 29d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+29.4%
SPY
+76.5%
Annualised alpha
-11.9%
Max drawdown
−31.1%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
183 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
14.5%
−4.0 pts
Top 5
38.4%
−14.4 pts
Top 10
57.5%
−17.0 pts
HHI
468
Diversified−342
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 24.6% | $48,566,963 |
| Financial Services | 15.0% | $29,651,903 |
| Unclassified | 14.5% | $28,566,050 |
| Industrials | 12.1% | $23,876,098 |
| 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 PLC | +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. | ||||
67 positions ·
$29,651,903 total
· Financial Services only
· 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 67 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WIW |
Western Asset Inflation-Linked Opportunities & Income Fund
Financial Services
|
Added | 1,023,197 | $8,656,246 | 29.19% | |
| KKR |
KKR & Co. Inc.
Financial Services
|
Added | 29,340 | $2,713,950 | 9.15% | |
| BUR |
Burford Capital Ltd
Financial Services
|
Held | 497,990 | $2,250,914 | 7.59% | |
| EDD |
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Financial Services
|
NEW | 400,000 | $2,028,000 | 6.84% | |
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Reduced | 35,610 | $1,441,136 | 4.86% | |
| MKL |
Markel Group Inc.
Financial Services
|
Held | 517 | $989,574 | 3.34% | |
| EVR |
Evercore Inc.
Financial Services
|
Added | 3,100 | $925,381 | 3.12% | |
| WIA |
Western Asset Inflation-Linked Income Fund
Financial Services
|
Added | 103,800 | $838,704 | 2.83% | |
| GDOT |
Green Dot Corp
Financial Services
|
Added | 48,100 | $539,682 | 1.82% | |
| DMII |
Drugs Made In America Acquisition II Corp.
Financial Services
|
NEW | 49,700 | $495,509 | 1.67% | |
| DBRG |
DigitalBridge Group, Inc.
Financial Services
|
Added | 29,700 | $457,974 | 1.54% | |
| SZZL |
Sizzle Acquisition Corp. II
Financial Services
|
Held | 43,642 | $448,639 | 1.51% | |
| JHG |
Janus Henderson Group PLC
Financial Services
|
Added | 8,700 | $446,919 | 1.51% | |
| WBS |
Webster Financial Corp
Financial Services
|
Reduced | 5,700 | $395,694 | 1.33% | |
| TACH |
Titan Acquisition Corp.
Financial Services
|
Held | 36,600 | $376,614 | 1.27% | |
| BLFY |
Blue Foundry Bancorp
Financial Services
|
Added | 25,796 | $341,539 | 1.15% | |
| LPAA |
Launch One Acquisition Corp.
Financial Services
|
Held | 31,400 | $336,294 | 1.13% | |
| SOUL |
Soulpower Acquisition Corp.
Financial Services
|
Held | 30,051 | $308,022 | 1.04% | |
| BCAR |
D. Boral ARC Acquisition I Corp.
Financial Services
|
Held | 29,400 | $297,528 | 1.00% | |
| DHIL |
DIAMOND HILL INVESTMENT GROUP INC
Financial Services
|
Added | 1,706 | $293,602 | 0.99% | |
| PRA |
Proassurance Corp
Financial Services
|
Added | 11,292 | $279,138 | 0.94% | |
| VCIC |
Vine Hill Capital Investment Corp.
Financial Services
|
Held | 25,000 | $275,000 | 0.93% | |
| SOCA |
Solarius Capital Acquisition Corp.
Financial Services
|
Reduced | 25,400 | $258,318 | 0.87% | |
| VHCP |
Vine Hill Capital Investment Corp. II
Financial Services
|
NEW | 25,000 | $247,500 | 0.83% | |
| CGCT |
Cartesian Growth Corp III
Financial Services
|
Held | 22,700 | $232,788 | 0.79% | |
| RTAC |
Renatus Tactical Acquisition Corp I
Financial Services
|
Held | 22,500 | $231,300 | 0.78% | |
| SIMA |
SIM Acquisition Corp. I
Financial Services
|
Held | 20,400 | $218,688 | 0.74% | |
| EVAC |
EQV Ventures Acquisition Corp. II
Financial Services
|
Added | 20,246 | $204,282 | 0.69% | |
| BHF |
Brighthouse Financial, Inc.
Financial Services
|
Added | 3,100 | $185,628 | 0.63% | |
| HVMC |
Highview Merger Corp.
Financial Services
|
NEW | 18,000 | $180,900 | 0.61% | |
| RNGT |
Range Capital Acquisition Corp II
Financial Services
|
NEW | 17,320 | $173,200 | 0.58% | |
| MKLY |
McKinley Acquisition Corp
Financial Services
|
NEW | 14,900 | $149,447 | 0.50% | |
| XCBE |
X3 Acquisition Corp. Ltd.
Financial Services
|
NEW | 15,000 | $147,600 | 0.50% | |
| NPAC |
New Providence Acquisition Corp. III/Cayman
Financial Services
|
Reduced | 12,700 | $130,302 | 0.44% | |
| FNF |
Fidelity National Financial, Inc.
Financial Services
|
Held | 2,694 | $124,947 | 0.42% | |
| RDAG |
Republic Digital Acquisition Co
Financial Services
|
Held | 10,600 | $108,438 | 0.37% | |
| GRAF |
Graf Global Corp.
Financial Services
|
Held | 10,000 | $107,100 | 0.36% | |
| MBVI |
M3-Brigade Acquisition VI Corp.
Financial Services
|
NEW | 10,387 | $104,389 | 0.35% | |
| LWAC |
LightWave Acquisition Corp.
Financial Services
|
Held | 10,196 | $103,999 | 0.35% | |
| BCSS |
Bain Capital GSS Investment Corp.
Financial Services
|
NEW | 10,000 | $101,120 | 0.34% | |
| ITHA |
ITHAX Acquisition Corp III
Financial Services
|
NEW | 10,000 | $99,000 | 0.33% | |
| VACH |
Voyager Acquisition Corp./Cayman Islands
Financial Services
|
Held | 7,900 | $94,879 | 0.32% | |
| FIGX |
FIGX Capital Acquisition Corp.
Financial Services
|
Held | 9,000 | $90,900 | 0.31% | |
| UBFO |
UNITED SECURITY BANCSHARES
Financial Services
|
NEW | 8,300 | $87,233 | 0.29% | |
| FERA |
Fifth Era Acquisition Corp I
Financial Services
|
Reduced | 8,200 | $84,460 | 0.28% | |
| CAEP |
Cantor Equity Partners III, Inc.
Financial Services
|
Held | 7,200 | $74,232 | 0.25% | |
| HCMA |
Hcm III Acquisition Corp.
Financial Services
|
Held | 7,200 | $72,576 | 0.24% | |
| PYPL |
PayPal Holdings, Inc.
Financial Services
|
NEW | 1,600 | $72,368 | 0.24% | |
| IPCX |
Inflection Point Acquisition Corp. III
Financial Services
|
Held | 5,000 | $51,075 | 0.17% | |
| ONCH |
1RT Acquisition Corp.
Financial Services
|
Held | 5,000 | $50,700 | 0.17% |