PenderFund Capital Management Ltd.
•CIK: 1706164•Filing: Q4 2025
**PenderFund Capital Management Ltd.** manages $635M across a diversified portfolio of 219 positions. The fund exhibits significant concentration in financial and technology sectors, with top holdings including UBS at $54.6M and PPLT at $45.1M. Further notable allocations include EQX ($36.5M), STT-PG ($34.0M), and BACRP ($33.3M). This structure suggests a tactical, large-cap focus within the current market cycle.
Total AUM
$260.5M
QoQ Performance
+0.7%
Positions
194
Top 10 Concentration
68.4%
Latest Filing
Q4 2025
Top Holdings Allocation
PPLT
EQUI
ESPR
SLV
TSAT
STC
PSLV/U
PPLT17.3%
EQUINOX11.0%
ESPR6.2%
SLV6.1%
TSAT6.1%
STC5.4%
PSLV/U5.1%
WOLFSPEED4.6%
📈 Biggest Buys
—
EQUINOX GOLD CORP
NEW
11.0% of portfolio
—
WOLFSPEED INC
NEW
4.6% of portfolio
—
TXNM ENERGY INC
NEW
3.1% of portfolio
—
PAR TECHNOLOGY CORP
NEW
1.9% of portfolio
SARO
STANDARDAERO INC
NEW
0.9% of portfolio
📉 Biggest Sells
Sector Breakdown
Other98.3%
Financial0.9%
Healthcare0.4%
Technology0.4%
🚪 Exited Positionssold since Q3 2025
—
TEUCRIUM COMMODITY TR
SOLD
$14.3M
+77 more exited positions
Changes from Q3 2025
NEW97 new positions
↑38 increased
↓21 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023