PenderFund Capital Management

VANCOUVER, A1files as PenderFund Capital Management Ltd.

$222m in 210 US stocks at the end of 30 June 2026. The top 10 are 53.0% of the money. It changed about 30.1% of the portfolio this quarter.

Value

$222m

Stocks

210

Top 10 share

53.0%

Turnover

30.1%

What changed this quarter

New

Bought for the first time this quarter.

Teucrium Commodity TRWEAT
6.9% of the fund
Canadian Pacific Kansas CityCP
1.1% of the fund
Amazon.comAMZN
0.7% of the fund
CopartCPRT
0.6% of the fund
Agnico Eagle MinesAEM
0.5% of the fund
Goldman Sachs GroupGS
0.5% of the fund
Baytex EnergyBTE
0.4% of the fund
Forefront Technology HoldingFTHAU
0.3% of the fund
GlobalstarGSAT
0.3% of the fund
Spdr Series TrustKRE
0.3% of the fund
Whitestone Reit
0.3% of the fund
OrganonOGN
0.3% of the fund
Trubridge
0.3% of the fund
Mountain Crest Acquisition 6MCAHU
0.3% of the fund
Catalyst Pharmaceuticals
0.3% of the fund
Affinity BancsharesAFBI
0.2% of the fund
IamgoldIAG
0.2% of the fund
Avanos MED
0.2% of the fund
Keen Vision AcquisitionKVACF
0.2% of the fund
CO2 Energy TransitionNOEM
0.2% of the fund
Open Lending
0.2% of the fund
LiveRamp HoldingsRAMP
0.2% of the fund
Idea AcquisitionIACO
0.2% of the fund
Stellar Bancorp
0.2% of the fund
Artius II Acquisition
0.2% of the fund

Added

Bought more of a stock they already held.

Sangoma TechnologiesSANG
7.5% of the fund
+55%
Blue Moon MetalsBMM
3.4% of the fund
+108%
Morgan Stanley Emerging Markets Domestic Debt FundEDD
1.3% of the fund
+26%
StoneCoSTNE
0.8% of the fund
+57%
MicrosoftMSFT
0.7% of the fund
+70%
EvercoreEVR
0.6% of the fund
+26%
BEL FuseBELFA
0.5% of the fund
+52%
Chart Inds
0.5% of the fund
+74%
ATS Corp /ATSATS
0.5% of the fund
+89%
Western Copper & GoldWRN
0.4% of the fund
+116%
Drugs Made In America Acquisition IIDMII
0.4% of the fund
+60%
Green DOTGDOT
0.4% of the fund
+23%
Americas Gold & SilverUSAS
0.3% of the fund
+500%
Janus Henderson Group
0.3% of the fund
+60%
EQV Ventures Acquisition Corp. IIEVAC
0.3% of the fund
+227%
Select MED Hldgs
0.3% of the fund
+41%
Highview MergerHVMC
0.3% of the fund
+255%
Clear Channel Outdoor HoldingsCCO
0.3% of the fund
+63%
NCR AtleosNATL
0.3% of the fund
+23%
WEN AcquisitionWENN
0.3% of the fund
+215%
Kore Group Hldgs
0.3% of the fund
+16%
Soulpower AcquisitionSOUL
0.2% of the fund
+63%
M3-Brigade Acquisition VIMBVI
0.2% of the fund
+368%
Sizzle Acquisition Corp. IISZZL
0.2% of the fund
+6%
Txnm EnergyTXNM
0.2% of the fund
+52%

Cut

Sold some of their stake.

Abrdn Platinum ETF TrustPPLT
5.1% of the fund
-50%
TelesatTSAT
5.0% of the fund
-39%
Western Asset Inflation-Linked Opportunities & Income FundWIW
3.8% of the fund
-2%
MDA SpaceMDA
3.4% of the fund
-58%
KKRKKR
1.1% of the fund
-10%
Generac HoldingsGNRC
1.0% of the fund
-30%
Deckers OutdoorDECK
0.9% of the fund
-8%
NexGen EnergyNXE
0.8% of the fund
-25%
ClarivateCLVT
0.8% of the fund
-25%
IsoEnergyISOU
0.6% of the fund
-4%
ShopifySHOP
0.6% of the fund
-13%
BrookfieldBN
0.6% of the fund
-18%
HexcelHXL
0.4% of the fund
-29%
Markel GroupMKL
0.4% of the fund
-19%
DanaherDHR
0.3% of the fund
-16%
BaiduBIDU
0.3% of the fund
-14%
Warner Bros. DiscoveryWBD
0.2% of the fund
-22%
Wheaton Precious MetalsWPM
0.2% of the fund
-50%
Burford CapitalBUR
0.2% of the fund
-83%
Titan AcquisitionTACH
0.1% of the fund
-28%
Nathans FamousNATH
0.1% of the fund
-71%
DigitalBridge GroupDBRG
0.1% of the fund
-47%
WolfspeedWOLF
0.1% of the fund
-80%
D. Boral ARC ACQ I
0.1% of the fund
-27%
NorthWestern Energy GroupNWE
<0.1% of the fund
-7%

Sold out

Sold their entire stake.

Equinox GoldEQX
-100%
Boyd Group ServicesBGSI
-100%
SSR MiningSSRM
-100%
Hologic
-100%
Amicus Therapeutics
-100%
DAY One Biopharmaceuticals I
-100%
Air Lease
-100%
Talen EnergyTLN
-100%
TRI Pointe Homes
-100%
Kennedy-Wilson Holdings
-100%
ARM HoldingsARM
-100%
Golden EntmtGDEN
-100%
Webster FinancialWBS
-100%
Great Lakes Dredge & DockGLDD
-100%
Peakstone Realty TrustPKST
-100%
Semrush Hldgs
-100%
Blue Foundry BancorpBLFY
-100%
Launch One AcquisitionLPAA
-100%
Arcellx
-100%
AstrazenecaAZN
-100%
Fonar
-100%
CSG SYS Intl
-100%
On24
-100%
Clearwater Analytics Hldgs I
-100%
Diamond Hill Invt Group INC COM New
-100%

Holdings

Sangoma TechnologiesSANG
Share
7.5%
Value
$17m
Shares
4,386,194
+55%
Teucrium Commodity TRWEAT
Share
6.9%
Value
$15m
Shares
696,000
New
PAR TechnologyPAR
Share
6.4%
Value
$14m
Shares
812,462
Held
Teucrium Commodity TRCORN
Share
6.1%
Value
$13m
Shares
804,300
Held
Esperion Therapeutics INC NE
Share
5.5%
Value
$12m
Shares
3,884,508
Held
Abrdn Platinum ETF TrustPPLT
Share
5.1%
Value
$11m
Shares
800,000
-50%
TelesatTSAT
Share
5.0%
Value
$11m
Shares
225,153
-39%
Western Asset Inflation-Linked Opportunities & Income FundWIW
Share
3.8%
Value
$8m
Shares
998,747
-2%
MDA SpaceMDA
Share
3.4%
Value
$8m
Shares
183,588
-58%
Blue Moon MetalsBMM
Share
3.4%
Value
$7m
Shares
1,176,098
+108%
Morgan Stanley Emerging Markets Domestic Debt FundEDD
Share
1.3%
Value
$3m
Shares
504,800
+26%
Highlander SilverHSLV
Share
1.2%
Value
$3m
Shares
587,800
Held
MaplebearCART
Share
1.2%
Value
$3m
Shares
56,068
Held
StandardAeroSARO
Share
1.1%
Value
$2m
Shares
81,962
Held
Teucrium Commodity TRSOYB
Share
1.1%
Value
$2m
Shares
100,000
Held
KKRKKR
Share
1.1%
Value
$2m
Shares
26,540
-10%
AdecoagroAGRO
Share
1.1%
Value
$2m
Shares
250,000
Held
FluorFLR
Share
1.1%
Value
$2m
Shares
45,374
Held
Canadian Pacific Kansas CityCP
Share
1.1%
Value
$2m
Shares
27,000
New
Dollar TreeDLTR
Share
1.0%
Value
$2m
Shares
18,634
Held
Generac HoldingsGNRC
Share
1.0%
Value
$2m
Shares
7,570
-30%
Deckers OutdoorDECK
Share
0.9%
Value
$2m
Shares
19,305
-8%
Addus HomeCareADUS
Share
0.8%
Value
$2m
Shares
18,497
Held
NexGen EnergyNXE
Share
0.8%
Value
$2m
Shares
196,400
-25%
ClarivateCLVT
Share
0.8%
Value
$2m
Shares
830,400
-25%
StoneCoSTNE
Share
0.8%
Value
$2m
Shares
157,200
+57%
MicrosoftMSFT
Share
0.7%
Value
$1m
Shares
3,900
+70%
Amazon.comAMZN
Share
0.7%
Value
$1m
Shares
6,100
New
International Flavors & FragrancesIFF
Share
0.6%
Value
$1m
Shares
17,642
Held
IsoEnergyISOU
Share
0.6%
Value
$1m
Shares
139,300
-4%
EvercoreEVR
Share
0.6%
Value
$1m
Shares
3,916
+26%
ShopifySHOP
Share
0.6%
Value
$1m
Shares
11,200
-13%
Maravai Lifesciences HoldingsMRVI
Share
0.6%
Value
$1m
Shares
205,000
Held
BrookfieldBN
Share
0.6%
Value
$1m
Shares
29,310
-18%
CopartCPRT
Share
0.6%
Value
$1m
Shares
43,900
New
BEL FuseBELFA
Share
0.5%
Value
$1m
Shares
4,100
+52%
Agnico Eagle MinesAEM
Share
0.5%
Value
$1m
Shares
7,302
New
Chart Inds
Share
0.5%
Value
$1m
Shares
5,400
+74%
Goldman Sachs GroupGS
Share
0.5%
Value
$1m
Shares
1,100
New
ATS Corp /ATSATS
Share
0.5%
Value
$1m
Shares
37,700
+89%
Booz Allen Hamilton HoldingBAH
Share
0.5%
Value
$1m
Shares
17,693
Held
Brookfield Renewable EnergyBEP
Share
0.5%
Value
$1m
Shares
30,000
Held
Cenovus EnergyCVE
Share
0.4%
Value
$992,491
Shares
40,000
Held
AmphenolAPH
Share
0.4%
Value
$987,392
Shares
5,600
Held
Baytex EnergyBTE
Share
0.4%
Value
$972,104
Shares
242,300
New
CaterpillarCAT
Share
0.4%
Value
$958,410
Shares
900
Held
HexcelHXL
Share
0.4%
Value
$912,647
Shares
9,121
-29%
Western Copper & GoldWRN
Share
0.4%
Value
$900,120
Shares
401,445
+116%
Western Asset Inflt LNKXWIAX
Share
0.4%
Value
$842,856
Shares
103,800
Held
Markel GroupMKL
Share
0.4%
Value
$822,217
Shares
421
-19%
Drugs Made In America Acquisition IIDMII
Share
0.4%
Value
$799,770
Shares
79,500
+60%
Green DOTGDOT
Share
0.4%
Value
$798,441
Shares
59,100
+23%
Forefront Technology HoldingFTHAU
Share
0.3%
Value
$765,000
Shares
75,000
New
Americas Gold & SilverUSAS
Share
0.3%
Value
$757,462
Shares
160,100
+500%
DanaherDHR
Share
0.3%
Value
$751,634
Shares
3,946
-16%
BaiduBIDU
Share
0.3%
Value
$742,885
Shares
6,500
-14%
Janus Henderson Group
Share
0.3%
Value
$722,105
Shares
13,900
+60%
GlobalstarGSAT
Share
0.3%
Value
$707,223
Shares
8,700
New
EQV Ventures Acquisition Corp. IIEVAC
Share
0.3%
Value
$673,692
Shares
66,178
+227%
Select MED Hldgs
Share
0.3%
Value
$670,306
Shares
40,600
+41%
Spdr Series TrustKRE
Share
0.3%
Value
$662,423
Shares
8,850
New
Highview MergerHVMC
Share
0.3%
Value
$648,981
Shares
63,939
+255%
Whitestone Reit
Share
0.3%
Value
$608,616
Shares
32,100
New
OrganonOGN
Share
0.3%
Value
$607,946
Shares
44,900
New
Clear Channel Outdoor HoldingsCCO
Share
0.3%
Value
$602,815
Shares
249,097
+63%
Trubridge
Share
0.3%
Value
$581,862
Shares
22,200
New
NCR AtleosNATL
Share
0.3%
Value
$573,012
Shares
13,200
+23%
WEN AcquisitionWENN
Share
0.3%
Value
$570,889
Shares
55,480
+215%
Mountain Crest Acquisition 6MCAHU
Share
0.3%
Value
$560,832
Shares
55,200
New
Catalyst Pharmaceuticals
Share
0.3%
Value
$559,454
Shares
17,800
New
Kore Group Hldgs
Share
0.3%
Value
$556,421
Shares
60,284
+16%
Soulpower AcquisitionSOUL
Share
0.2%
Value
$506,643
Shares
48,951
+63%
Waste ConnectionsWCN
Share
0.2%
Value
$500,032
Shares
3,000
Held
M3-Brigade Acquisition VIMBVI
Share
0.2%
Value
$491,953
Shares
48,564
+368%
Affinity BancsharesAFBI
Share
0.2%
Value
$484,770
Shares
21,450
New
Sizzle Acquisition Corp. IISZZL
Share
0.2%
Value
$477,619
Shares
46,080
+6%
IamgoldIAG
Share
0.2%
Value
$471,389
Shares
29,700
New
Txnm EnergyTXNM
Share
0.2%
Value
$465,596
Shares
8,200
+52%
Warner Bros. DiscoveryWBD
Share
0.2%
Value
$463,884
Shares
17,400
-22%
Wheaton Precious MetalsWPM
Share
0.2%
Value
$416,216
Shares
3,700
-50%
Xenon PharmaceuticalsXENE
Share
0.2%
Value
$413,466
Shares
6,850
Held
Avanos MED
Share
0.2%
Value
$413,008
Shares
16,600
New
AESAES
Share
0.2%
Value
$407,548
Shares
27,800
+70%
Thayer Ventures Acquisition Corp IITVAI
Share
0.2%
Value
$401,192
Shares
38,800
+8%
Keen Vision AcquisitionKVACF
Share
0.2%
Value
$395,520
Shares
32,000
New
X3 AcquisitionXCBE
Share
0.2%
Value
$391,628
Shares
39,202
+161%
New Providence Acquisition Corp. III/CaymanNPAC
Share
0.2%
Value
$390,288
Shares
37,600
+196%
Pioneer Acquisition IPACH
Share
0.2%
Value
$389,736
Shares
38,172
+151%
Launchpad Cadenza Acquisition Corp ILPCV
Share
0.2%
Value
$389,350
Shares
39,013
+680%
McKinley AcquisitionMKLY
Share
0.2%
Value
$388,166
Shares
38,243
+157%
CO2 Energy TransitionNOEM
Share
0.2%
Value
$375,936
Shares
35,600
New
Open Lending
Share
0.2%
Value
$375,377
Shares
120,700
New
PenumbraPEN
Share
0.2%
Value
$369,427
Shares
1,170
Held
ServiceNowNOW
Share
0.2%
Value
$367,336
Shares
3,700
Held
LiveRamp HoldingsRAMP
Share
0.2%
Value
$365,108
Shares
9,700
New
Soren AcquisitionSORN
Share
0.2%
Value
$363,072
Shares
36,600
+632%
IHS HoldingIHS
Share
0.2%
Value
$360,912
Shares
43,800
+9%
TalkspaceTALK
Share
0.2%
Value
$360,360
Shares
69,300
+88%
Renatus Tactical Acquisition Corp IRTAC
Share
0.2%
Value
$360,187
Shares
34,369
+53%
Burford CapitalBUR
Share
0.2%
Value
$356,372
Shares
86,920
-83%

Company	Share of fund	Value	Shares	Change
Sangoma TechnologiesSANG	7.5%	$17m	4,386,194	+55%
Teucrium Commodity TRWEAT	6.9%	$15m	696,000	New
PAR TechnologyPAR	6.4%	$14m	812,462	Held
Teucrium Commodity TRCORN	6.1%	$13m	804,300	Held
Esperion Therapeutics INC NE	5.5%	$12m	3,884,508	Held
Abrdn Platinum ETF TrustPPLT	5.1%	$11m	800,000	-50%
TelesatTSAT	5.0%	$11m	225,153	-39%
Western Asset Inflation-Linked Opportunities & Income FundWIW	3.8%	$8m	998,747	-2%
MDA SpaceMDA	3.4%	$8m	183,588	-58%
Blue Moon MetalsBMM	3.4%	$7m	1,176,098	+108%
Morgan Stanley Emerging Markets Domestic Debt FundEDD	1.3%	$3m	504,800	+26%
Highlander SilverHSLV	1.2%	$3m	587,800	Held
MaplebearCART	1.2%	$3m	56,068	Held
StandardAeroSARO	1.1%	$2m	81,962	Held
Teucrium Commodity TRSOYB	1.1%	$2m	100,000	Held
KKRKKR	1.1%	$2m	26,540	-10%
AdecoagroAGRO	1.1%	$2m	250,000	Held
FluorFLR	1.1%	$2m	45,374	Held
Canadian Pacific Kansas CityCP	1.1%	$2m	27,000	New
Dollar TreeDLTR	1.0%	$2m	18,634	Held
Generac HoldingsGNRC	1.0%	$2m	7,570	-30%
Deckers OutdoorDECK	0.9%	$2m	19,305	-8%
Addus HomeCareADUS	0.8%	$2m	18,497	Held
NexGen EnergyNXE	0.8%	$2m	196,400	-25%
ClarivateCLVT	0.8%	$2m	830,400	-25%
StoneCoSTNE	0.8%	$2m	157,200	+57%
MicrosoftMSFT	0.7%	$1m	3,900	+70%
Amazon.comAMZN	0.7%	$1m	6,100	New
International Flavors & FragrancesIFF	0.6%	$1m	17,642	Held
IsoEnergyISOU	0.6%	$1m	139,300	-4%
EvercoreEVR	0.6%	$1m	3,916	+26%
ShopifySHOP	0.6%	$1m	11,200	-13%
Maravai Lifesciences HoldingsMRVI	0.6%	$1m	205,000	Held
BrookfieldBN	0.6%	$1m	29,310	-18%
CopartCPRT	0.6%	$1m	43,900	New
BEL FuseBELFA	0.5%	$1m	4,100	+52%
Agnico Eagle MinesAEM	0.5%	$1m	7,302	New
Chart Inds	0.5%	$1m	5,400	+74%
Goldman Sachs GroupGS	0.5%	$1m	1,100	New
ATS Corp /ATSATS	0.5%	$1m	37,700	+89%
Booz Allen Hamilton HoldingBAH	0.5%	$1m	17,693	Held
Brookfield Renewable EnergyBEP	0.5%	$1m	30,000	Held
Cenovus EnergyCVE	0.4%	$992,491	40,000	Held
AmphenolAPH	0.4%	$987,392	5,600	Held
Baytex EnergyBTE	0.4%	$972,104	242,300	New
CaterpillarCAT	0.4%	$958,410	900	Held
HexcelHXL	0.4%	$912,647	9,121	-29%
Western Copper & GoldWRN	0.4%	$900,120	401,445	+116%
Western Asset Inflt LNKXWIAX	0.4%	$842,856	103,800	Held
Markel GroupMKL	0.4%	$822,217	421	-19%
Drugs Made In America Acquisition IIDMII	0.4%	$799,770	79,500	+60%
Green DOTGDOT	0.4%	$798,441	59,100	+23%
Forefront Technology HoldingFTHAU	0.3%	$765,000	75,000	New
Americas Gold & SilverUSAS	0.3%	$757,462	160,100	+500%
DanaherDHR	0.3%	$751,634	3,946	-16%
BaiduBIDU	0.3%	$742,885	6,500	-14%
Janus Henderson Group	0.3%	$722,105	13,900	+60%
GlobalstarGSAT	0.3%	$707,223	8,700	New
EQV Ventures Acquisition Corp. IIEVAC	0.3%	$673,692	66,178	+227%
Select MED Hldgs	0.3%	$670,306	40,600	+41%
Spdr Series TrustKRE	0.3%	$662,423	8,850	New
Highview MergerHVMC	0.3%	$648,981	63,939	+255%
Whitestone Reit	0.3%	$608,616	32,100	New
OrganonOGN	0.3%	$607,946	44,900	New
Clear Channel Outdoor HoldingsCCO	0.3%	$602,815	249,097	+63%
Trubridge	0.3%	$581,862	22,200	New
NCR AtleosNATL	0.3%	$573,012	13,200	+23%
WEN AcquisitionWENN	0.3%	$570,889	55,480	+215%
Mountain Crest Acquisition 6MCAHU	0.3%	$560,832	55,200	New
Catalyst Pharmaceuticals	0.3%	$559,454	17,800	New
Kore Group Hldgs	0.3%	$556,421	60,284	+16%
Soulpower AcquisitionSOUL	0.2%	$506,643	48,951	+63%
Waste ConnectionsWCN	0.2%	$500,032	3,000	Held
M3-Brigade Acquisition VIMBVI	0.2%	$491,953	48,564	+368%
Affinity BancsharesAFBI	0.2%	$484,770	21,450	New
Sizzle Acquisition Corp. IISZZL	0.2%	$477,619	46,080	+6%
IamgoldIAG	0.2%	$471,389	29,700	New
Txnm EnergyTXNM	0.2%	$465,596	8,200	+52%
Warner Bros. DiscoveryWBD	0.2%	$463,884	17,400	-22%
Wheaton Precious MetalsWPM	0.2%	$416,216	3,700	-50%
Xenon PharmaceuticalsXENE	0.2%	$413,466	6,850	Held
Avanos MED	0.2%	$413,008	16,600	New
AESAES	0.2%	$407,548	27,800	+70%
Thayer Ventures Acquisition Corp IITVAI	0.2%	$401,192	38,800	+8%
Keen Vision AcquisitionKVACF	0.2%	$395,520	32,000	New
X3 AcquisitionXCBE	0.2%	$391,628	39,202	+161%
New Providence Acquisition Corp. III/CaymanNPAC	0.2%	$390,288	37,600	+196%
Pioneer Acquisition IPACH	0.2%	$389,736	38,172	+151%
Launchpad Cadenza Acquisition Corp ILPCV	0.2%	$389,350	39,013	+680%
McKinley AcquisitionMKLY	0.2%	$388,166	38,243	+157%
CO2 Energy TransitionNOEM	0.2%	$375,936	35,600	New
Open Lending	0.2%	$375,377	120,700	New
PenumbraPEN	0.2%	$369,427	1,170	Held
ServiceNowNOW	0.2%	$367,336	3,700	Held
LiveRamp HoldingsRAMP	0.2%	$365,108	9,700	New
Soren AcquisitionSORN	0.2%	$363,072	36,600	+632%
IHS HoldingIHS	0.2%	$360,912	43,800	+9%
TalkspaceTALK	0.2%	$360,360	69,300	+88%
Renatus Tactical Acquisition Corp IRTAC	0.2%	$360,187	34,369	+53%
Burford CapitalBUR	0.2%	$356,372	86,920	-83%

Showing the largest 100 of 210.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 23.9% since 30 June 2025.

Where the money is

Technology19.3%

Industrials10.4%

Financial services9.8%

Materials8.6%

Media & telecom5.9%

Everyday goods3.3%

Health care2.6%

Retail & consumer1.7%

Energy1.0%

Real estate0.8%

Utilities0.8%

Other35.8%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.