Institutional Manager · CIK 0001706164
PenderFund Capital Management Ltd.
VANCOUVER, A1 · File #028-18272
Latest AUM
$634.7M
Positions
219
Top-10 Concentration
56.0%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | FLUENCE ENERGY INC | FLNC | +28,000,000 | +$34.0M | $0 |
| EXITED | PDD HOLDINGS INC | 722304AC6 | -18,500,000 | -$18.4M | $0 |
| REDUCE | EQUINOX GOLD CORP | EQX | -1,250,000 | -$17.6M | +$11.0M |
| EXITED | BEYOND MEAT INC | 08862EAB5 | -93,792,000 | -$16.9M | $0 |
| EXITED | WOLFSPEED INC | 225447AD3 | -25,329,000 | -$15.1M | $0 |
| ADD | NORTHERN OIL & GAS INC | NOG | +15,000,000 | +$14.6M | -$233,802 |
| EXITED | WOLFSPEED INC | 977852AD4 | -24,451,000 | -$14.5M | $0 |
| EXITED | TEUCRIUM COMMODITY TR | 88166A508 | -3,480,000 | -$14.3M | $0 |
| ADD | NIO INC | NIOIF | +15,000,000 | +$13.4M | -$1.3M |
| NEW | WOLFSPEED INC | WOLF | +8,125,060 | +$12.1M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025219 pos · $634.7M
- 13F HOLDINGS REPORTQ/E Sep 2025207 pos · $592.7M
- 13F HOLDINGS REPORTQ/E Jun 2025159 pos · $422.5M
- 13F HOLDINGS REPORT (Amended)Q/E Jun 2025142 pos · $367.1M
- 13F HOLDINGS REPORTQ/E Mar 2025142 pos · $514.2M
- 13F HOLDINGS REPORTQ/E Dec 2024129 pos · $465.4M
- 13F HOLDINGS REPORTQ/E Sep 2024137 pos · $434.2M
- 13F HOLDINGS REPORTQ/E Jun 2024126 pos · $363.9M
- 13F HOLDINGS REPORTQ/E Mar 2024116 pos · $378.2M
- 13F HOLDINGS REPORTQ/E Dec 2023112 pos · $333,695
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | FIRST MAJESTIC SILVER CORP | AG | 44,040,000 | $54.6M | 9.11% |
| 2 | ABRDN PLATINUM ETF TRUST | PPLT | 242,000 | $45.1M | 7.53% |
| 3 | EQUINOX GOLD CORP | EQX | 2,596,154 | $36.5M | 6.09% |
| 4 | FLUENCE ENERGY INC | FLNC | 28,000,000 | $34.0M | 5.68% |
| 5 | DUKE ENERGY CORP NEW | DUKB | 32,000,000 | $33.3M | 5.56% |
| 6 | SOUTHERN CO | SOMN | 30,000,000 | $32.1M | 5.37% |
| 7 | EQUINOX GOLD CORP | EQX | 12,077,000 | $28.5M | 4.77% |
| 8 | SSR MINING IN | SSRGF | 19,737,000 | $25.9M | 4.33% |
| 9 | NIO INC | NIOIF | 25,270,000 | $24.1M | 4.02% |
| 10 | PPL CAP FDG INC | PPLC | 19,000,000 | $21.0M | 3.51% |
| 11 | NIO INC | NIOIF | 22,150,000 | $19.8M | 3.31% |
| 12 | NORTHERN OIL & GAS INC | NOG | 20,000,000 | $19.5M | 3.26% |
| 13 | CARDLYTICS INC | CDLX | 47,710,000 | $19.4M | 3.23% |
| 14 | ESPERION THERAPEUTICS INC NE | ESPR | 4,391,926 | $16.3M | 2.71% |
| 15 | ISHARES SILVER TR | SLV | 247,500 | $15.9M | 2.66% |
| 16 | TELESAT CORP | TSAT | 409,753 | $15.9M | 2.66% |
| 17 | PAR TECHNOLOGY CORP | PAR | 417,666 | $15.2M | 2.53% |
| 18 | SANGOMA TECHNOLOGIES CORP | SANG | 2,821,433 | $14.2M | 2.36% |
| 19 | MAGNITE INC | MGNI | 14,225,000 | $14.1M | 2.36% |
| 20 | SPROTT ASSET MANAGEMENT LP | SII | 565,000 | $13.4M | 2.23% |