1y return+28.9%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2025: $129 against $121 in the S&P 500.2
PenderFund Capital Management Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SANGSangoma Technologies Corp | $16.7M | 7.5% | +55.5% |
| WEATTeucrium Commodity Tr | $15.3M | 6.9% | New |
| PARPar Technology Corp | $14.2M | 6.4% | |
| CORNTeucrium Commodity Tr | $13.5M | 6.1% | |
| Esperion Therapeutics Inc NeCUSIP 29664W105 | $12.3M | 5.5% | |
| PPLTAbrdn Platinum Etf Trust | $11.3M | 5.1% | −50.0% |
| TSATTelesat Corp | $11.0M | 5.0% | −39.3% |
| WIWWestern Ast Infl Lkd Opp & I | $8.4M | 3.8% | −2.4% |
| MDAMda Space Ltd | $7.6M | 3.4% | −57.9% |
| BMMBlue Moon Metals Inc | $7.5M | 3.4% | +108.0% |
| EDDMorgan Stanley Emerging Mkts | $3.0M | 1.3% | +26.2% |
| HSLVHighlander Silver Corp | $2.8M | 1.2% | |
| CARTMaplebear Inc | $2.7M | 1.2% | |
| SAROStandardaero Inc | $2.5M | 1.1% | |
| SOYBTeucrium Commodity Tr | $2.4M | 1.1% | |
| KKRKkr & Co Inc | $2.4M | 1.1% | −9.5% |
| Adecoagro S ACUSIP L00849106 | $2.4M | 1.1% | |
| FLRFluor Corp | $2.4M | 1.1% | |
| CPCanadian Pacific Kansas City | $2.3M | 1.1% | New |
| DLTRDollar Tree Inc | $2.3M | 1.0% | |
| GNRCGenerac Hldgs Inc | $2.2M | 1.0% | −30.2% |
| DECKDeckers Outdoor Corp | $1.9M | 0.9% | −8.0% |
| ADUSAddus Homecare Corp | $1.9M | 0.8% | |
| NXENexgen Energy Ltd | $1.8M | 0.8% | −25.3% |
| Clarivate PLCCUSIP G21810109 | $1.8M | 0.8% | −25.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| KKRKkr & Co Inc | June 30, 2020 | +197.2% | $2.4M |
| Esperion Therapeutics Inc NeCUSIP 29664W105 | March 31, 2025 | +119.4% | $12.3M |
| TSATTelesat Corp | June 30, 2025 | +107.1% | $11.0M |
| BELFABel Fuse Inc | December 31, 2025 | +91.9% | $1.2M |
| DLTRDollar Tree Inc | September 30, 2024 | +72.0% | $2.3M |
| PPLTAbrdn Platinum Etf Trust | March 31, 2024 | +69.1% | $11.3M |
| NXENexgen Energy Ltd | March 31, 2022 | +65.9% | $1.8M |
| MDAMda Space Ltd | March 31, 2026 | +63.0% | $7.6M |
| GNRCGenerac Hldgs Inc | March 31, 2026 | +49.9% | $2.2M |
| ISOUIsoenergy Ltd | June 30, 2025 | +39.6% | $1.4M |
Sold off last quarter
- EQXEquinox Gold Corp was $11.7M
- BGSIBoyd Group Services Inc was $881K
- SSRMSsr Mining In was $635K
- Hologic IncCUSIP 436440101 was $605K
- Amicus TherapeuticCUSIP 03152W109 was $594K
- Day One Biopharmaceuticals ICUSIP 23954D109 was $575K
- Air Lease CorpCUSIP 00912X302 was $554K
- TLNTalen Energy Corp was $479K
- Tri Pointe Homes IncCUSIP 87265H109 was $463K
- Kennedy-wilson Holdings IncCUSIP 489398107 was $457K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.7% | +14.8% |
| March 31, 2026 | −2.9% | −4.6% |
| December 31, 2025 | +18.3% | +2.4% |
| September 30, 2025 | +8.2% | +7.8% |
| December 31, 2023 | +6.7% | +11.2% |
| September 30, 2023 | −2.1% | −3.6% |
| June 30, 2023 | −1.7% | +8.3% |
| March 31, 2023 | +5.8% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: PenderFund Capital Management Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1706164&type=13F-HR&dateb=&owner=include&count=40CIK 1706164
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1706164/000170616426000005/Filed August 17, 2026 · accession 0001706164-26-000005