Q1 2025 · 13F-HR
PenderFund Capital Management Ltd.holdings as filed
Filed 2025-05-15 · accession 0001706164-25-000002
$514.2M
Reported value
142
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 32076VAD5 | AGCN 0.375 01/15/27 | FIRST MAJESTIC SILVER CORP | $50.4M | 9.81% | 37,650,000 | Common | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $35.0M | 6.80% | 22,000,000 | Common | SOLE |
| 003260106 | PPLT | ABRDN PLATINUM ETF TRUST | $32.9M | 6.39% | 250,000 | Common | SOLE |
| 784730AB9 | SSRMCN 2.5 04/01/39 | SSR MINING IN | $32.1M | 6.24% | 21,987,000 | Common | SOLE |
| 29446YAC0 | EQXCN 4.75 10/15/28 | EQUINOX GOLD CORP | $23.4M | 4.55% | 12,077,000 | Common | SOLE |
| 225447AD3 | WOLF 1.75 05/01/26 | WOLFSPEED INC | $23.4M | 4.55% | 25,329,000 | Common | SOLE |
| 80100R408 | SANG | SANGOMA TECHNOLOGIES CORP | $22.6M | 4.39% | 3,481,633 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $18.3M | 3.55% | 206,909 | Common | SOLE |
| 62914VAJ5 | NIO 3.875 10/15/29 | NIO INC | $18.0M | 3.50% | 16,770,000 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAP FDG INC | $17.8M | 3.46% | 11,000,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO INC | $17.5M | 3.41% | 17,000,000 | Common | SOLE |
| 68375NAG8 | OPK 3.75 01/15/29 | OPKO HEALTH INC | $17.0M | 3.31% | 7,311,000 | Common | SOLE |
| 08862EAB5 | BYND 0 03/15/27 | BEYOND MEAT INC | $15.5M | 3.02% | 93,792,000 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $14.7M | 2.85% | 771,713 | Common | SOLE |
| 14161WAB1 | — | CARDLYTICS INC | $13.5M | 2.62% | 10,018,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $13.4M | 2.60% | 11,500,000 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $12.2M | 2.38% | 966,856 | Common | SOLE |
| 34984V209 | FET | FORUM ENERGY TECHNOLOGIES IN | $10.9M | 2.13% | 377,679 | Common | SOLE |
| 15189TBD8 | CNP 4.25 08/15/26 | CENTERPOINT ENERGY INC | $7.8M | 1.53% | 5,000,000 | Common | SOLE |
| 12685JAG0 | CABO 1.125 03/15/28 | CABLE ONE INC | $7.5M | 1.45% | 6,500,000 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $7.4M | 1.44% | 74,947 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC | $6.9M | 1.34% | 5,000,000 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $6.3M | 1.22% | 151,920 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | MAGNITE INC | $5.8M | 1.13% | 4,225,000 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $4.8M | 0.93% | 10,071 | Common | SOLE |
| 29975EAD1 | EB 0.75 09/15/26 | EVENTBRITE INC | $4.6M | 0.90% | 3,500,000 | Common | SOLE |
| 29664WAB1 | ESPR 4 11/15/25 | ESPERION THERAPEUTICS INC NE | $4.3M | 0.84% | 3,000,000 | Common | SOLE |
| 977852AD4 | WOLF 1.875 12/01/29 | WOLFSPEED INC | $4.2M | 0.81% | 12,500,000 | Common | SOLE |
| 29664W105 | ESPR | ESPERION THERAPEUTICS INC NE | $4.1M | 0.81% | 2,000,000 | Common | SOLE |
| 46333XAH1 | IRWD 1.5 06/15/26 | IRONWOOD PHARMACEUTICALS INC | $3.8M | 0.75% | 3,000,000 | Common | SOLE |
| 489398107 | KW | KENNEDY-WILSON HOLDINGS INC | $3.3M | 0.65% | 265,837 | Common | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $3.0M | 0.58% | 531,100 | Common | SOLE |
| 56600D107 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $2.6M | 0.51% | 826,300 | Common | SOLE |
| 428291108 | HXL | HEXCEL CORP NEW | $2.5M | 0.48% | 31,510 | Common | SOLE |
| G85158106 | STNE | STONECO LTD | $2.3M | 0.44% | 150,000 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $2.2M | 0.42% | 123,492 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $2.1M | 0.42% | 12,920 | Common | SOLE |
| 53229C107 | LSPD | LIGHTSPEED COMMERCE INC | $2.0M | 0.39% | 161,181 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $1.8M | 0.35% | 23,740 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $1.4M | 0.27% | 509 | Common | SOLE |
| 00430HAC6 | — | ACCELERATE DIAGNOSTICS INC | $1.3M | 0.24% | 2,096,272 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $1.2M | 0.23% | 17,260 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $1.1M | 0.22% | 1,800 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $1.1M | 0.21% | 16,100 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $1.0M | 0.20% | 1,400 | Common | SOLE |
| 536797103 | LAD | LITHIA MTRS INC | $1.0M | 0.20% | 2,400 | Common | SOLE |
| G5S86M100 | LPAA | LAUNCH ONE ACQUISITION CORP | $881,562 | 0.17% | 60,000 | Common | SOLE |
| 44267T102 | HHH | HOWARD HUGHES HOLDINGS INC | $842,178 | 0.16% | 7,900 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $837,058 | 0.16% | 5,930 | Common | SOLE |
| 617477104 | EDD | MORGAN STANLEY EMERGING MKTS | $829,521 | 0.16% | 122,646 | Common | SOLE |
| 69913P105 | FNAUSD | PARAGON 28 INC | $787,468 | 0.15% | 41,900 | Common | SOLE |
| 30034T103 | G2C | EVERI HLDGS INC | $779,004 | 0.15% | 39,600 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASST INFLTN LKD INM | $712,510 | 0.14% | 59,332 | Common | SOLE |
| 69526K105 | PTVEUSD | PACTIV EVERGREEN INC | $710,134 | 0.14% | 27,400 | Common | SOLE |
| 896818101 | TG7 | TRIUMPH GROUP INC NEW | $707,431 | 0.14% | 19,400 | Common | SOLE |
| 655664100 | JWNUSD | NORDSTROM INC | $679,066 | 0.13% | 19,300 | Common | SOLE |
| N70544106 | PL0 | PLAYA HOTELS & RESORTS NV | $679,062 | 0.13% | 35,400 | Common | SOLE |
| 703395103 | PDCOEUR | PATTERSON COS INC | $674,833 | 0.13% | 15,011 | Common | SOLE |
| 00922R105 | ATSG* | AIR TRANSPORT SERVICES GRP I | $649,075 | 0.13% | 20,100 | Common | SOLE |
| 00437E102 | ACCDUSD | ACCOLADE INC | $629,794 | 0.12% | 62,700 | Common | SOLE |
| 029683109 | AMSWAUSD | LOGILITY SUPPLY CHAIN SOLUTI | $625,886 | 0.12% | 30,500 | Common | SOLE |
| 72814N104 | AGS | PLAYAGS INC | $608,199 | 0.12% | 34,900 | Common | SOLE |
| 461148108 | — | INTEVAC INC | $606,128 | 0.12% | 105,300 | Common | SOLE |
| 292812104 | — | ENFUSION INC | $600,098 | 0.12% | 37,400 | Common | SOLE |
| 60938K304 | — | MONEYLION INC | $597,563 | 0.12% | 4,800 | Common | SOLE |
| 227483104 | CCRN | CROSS CTRY HEALTHCARE INC | $580,684 | 0.11% | 27,100 | Common | SOLE |
| G3075P101 | ESGRUSD | ENSTAR GROUP LIMITED | $573,974 | 0.11% | 1,200 | Common | SOLE |
| 162828206 | — | CHECKPOINT THERAPEUTICS INC | $561,609 | 0.11% | 96,600 | Common | SOLE |
| 64157F103 | NVROEUR | NEVRO CORP | $540,624 | 0.11% | 64,329 | Common | SOLE |
| 08579W103 | BERYEUR | BERRY GLOBAL GROUP INC | $512,346 | 0.10% | 5,100 | Common | SOLE |
| 901384107 | TSVT* | 2SEVENTY BIO INC | $508,998 | 0.10% | 71,600 | Common | SOLE |
| H33700107 | — | GLOBAL BLUE GROUP HOLDING AG | $506,269 | 0.10% | 47,800 | Common | SOLE |
| G27358103 | DESP1EUR | DESPEGAR COM | $496,125 | 0.10% | 18,348 | Common | SOLE |
| 83417Q204 | 0OIA | SOLARWINDS CORP | $480,043 | 0.09% | 18,100 | Common | SOLE |
| G43658106 | IMSR | HCM II ACQUISITION CORP | $456,539 | 0.09% | 30,000 | Common | SOLE |
| 91829F104 | VOXXGUSD | VOXX INTL CORP | $442,022 | 0.09% | 40,955 | Common | SOLE |
| 70435P102 | — | PAYCOR HCM INC | $435,946 | 0.08% | 13,500 | Common | SOLE |
| 26484T106 | DNB | DUN & BRADSTREET HLDGS INC | $425,835 | 0.08% | 33,100 | Common | SOLE |
| 947890109 | WBS | WEBSTER FINL CORP | $413,793 | 0.08% | 5,578 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQUISITION CORP. I | $368,757 | 0.07% | 25,000 | Common | SOLE |
| G93Y09107 | — | VINE HILL CAP INVT CORP. | $366,238 | 0.07% | 25,000 | Common | SOLE |
| 86745KAF1 | NOVA 0.25 12/01/26 | SUNNOVA ENERGY INTL INC. | $362,760 | 0.07% | 2,500,000 | Common | SOLE |
| 46116X101 | ITCIEUR | INTRA-CELLULAR THERAPIES INC | $360,695 | 0.07% | 1,900 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $344,789 | 0.07% | 1,500 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $339,334 | 0.07% | 16,700 | Common | SOLE |
| 466313103 | JBL | JABIL INC | $336,992 | 0.07% | 1,721 | Common | SOLE |
| 02217A102 | AMPSUSD | ALTUS POWER INC | $324,110 | 0.06% | 45,500 | Common | SOLE |
| 018522300 | AEBA | ALLETE INC | $319,564 | 0.06% | 3,380 | Common | SOLE |
| 10920V404 | — | NEUEHEALTH INC | $283,230 | 0.06% | 29,115 | Common | SOLE |
| 88145X108 | TBNKUSD | TERRITORIAL BANCORP INC | $272,189 | 0.05% | 22,571 | Common | SOLE |
| 073685109 | BECNUSD | BEACON ROOFING SUPPLY INC | $267,016 | 0.05% | 1,500 | Common | SOLE |
| 75737F108 | RDFN | REDFIN CORP | $261,070 | 0.05% | 19,698 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $259,057 | 0.05% | 1,947 | Common | SOLE |
| 68404V209 | OPTNUSD | OPTINOSE INC | $248,086 | 0.05% | 18,800 | Common | SOLE |
| 31620R303 | FNF | FIDELITY NATIONAL FINANCIAL FNF GROUP | $230,949 | 0.04% | 2,466 | Common | SOLE |
| 50216C108 | LYTS | LSI INDS INC OHIO | $223,942 | 0.04% | 9,154 | Common | SOLE |
| 233276104 | DMYY | DMY SQUARED TECHNOLOGY GROUP | $213,208 | 0.04% | 13,264 | Common | SOLE |
| 91854V206 | — | VACASA INC | $192,004 | 0.04% | 24,800 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $171,369 | 0.03% | 5,100 | Common | SOLE |
| 23291C103 | BOOM | DMC GLOBAL INC | $167,212 | 0.03% | 13,800 | Common | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $156,238 | 0.03% | 3,000 | Common | SOLE |
| G4491L104 | CEPN | CANTOR EQUITY PARTNERS INC | $154,554 | 0.03% | 10,000 | Common | SOLE |
| G1827K107 | CEPO | CANTOR EQUITY PARTNERS I INC | $147,431 | 0.03% | 10,000 | Common | SOLE |
| G4036C106 | GRAF | GRAF GLOBAL CORP | $147,359 | 0.03% | 10,000 | Common | SOLE |
| G3415K127 | FERAU | FIFTH ERA ACQUISITION CORP I | $146,361 | 0.03% | 10,100 | Common | SOLE |
| 03676C100 | ATEX | ANTERIX INC | $105,338 | 0.02% | 2,000 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $100,158 | 0.02% | 400 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $77,174 | 0.02% | 9,400 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $74,820 | 0.01% | 11,600 | Common | SOLE |
| G93A7H104 | VACH | VOYAGER ACQUISITION CORP | $73,248 | 0.01% | 5,000 | Common | SOLE |
| 05366Y201 | AVNW | AVIAT NETWORKS INC | $71,725 | 0.01% | 2,600 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $69,074 | 0.01% | 1,500 | Common | SOLE |
| 404030108 | HEESEUR | H & E EQUIPMENT SERVICES INC | $64,384 | 0.01% | 472 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $60,872 | 0.01% | 900 | Common | SOLE |
| 16934W106 | CMRXEUR | CHIMERIX INC | $49,940 | 0.01% | 4,078 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $29,215 | 0.01% | 190 | Common | SOLE |
| G3922B107 | G | GENPACT LIMITED | $28,782 | 0.01% | 397 | Common | SOLE |
| 92343E102 | VRSN | VERISIGN INC | $24,843 | 0.00% | 68 | Common | SOLE |
| G16234109 | — | BROOKFIELD BUSINESS PARTNERS | $24,598 | 0.00% | 730 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $24,588 | 0.00% | 477 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $24,277 | 0.00% | 200 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $23,658 | 0.00% | 219 | Common | SOLE |
| 465741106 | ITRI | ITRON INC | $23,216 | 0.00% | 154 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $22,871 | 0.00% | 393 | Common | SOLE |
| 750917106 | RMBS | RAMBUS INC DEL | $22,278 | 0.00% | 299 | Common | SOLE |
| 589400100 | MCY | MERCURY GENL CORP NEW | $20,111 | 0.00% | 250 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $19,280 | 0.00% | 203 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $18,658 | 0.00% | 1,470 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $18,431 | 0.00% | 303 | Common | SOLE |
| G43658122 | IMSRW | HCM II ACQUISITION CORP | $14,894 | 0.00% | 15,000 | Common | SOLE |
| 609839105 | MPWR | MONOLITHIC PWR SYS INC | $14,189 | 0.00% | 17 | Common | SOLE |
| 55305B101 | MHO | M/I HOMES INC | $13,638 | 0.00% | 83 | Common | SOLE |
| 98379L100 | XPEL | XP | $12,768 | 0.00% | 302 | Common | SOLE |
| G5S86M126 | LPAAW | LAUNCH ONE ACQUISITION CORP | $6,264 | 0.00% | 30,000 | Common | SOLE |
| G93Y09115 | VCICW | VINE HILL CAP INVT CORP. | $4,835 | 0.00% | 12,500 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $2,340 | 0.00% | 12,500 | Common | SOLE |
| G4036C122 | GRAF/WS | GRAF GLOBAL CORP | $1,295 | 0.00% | 5,000 | Common | SOLE |
| G93A7H112 | VACHW | VOYAGER ACQUISITION CORP | $568 | 0.00% | 2,500 | Common | SOLE |
| 95766A101 | XEMDX | WESTERN ASSET EMERGING MKTS | $399 | 0.00% | 28 | Common | SOLE |
| 92852X103 | VTS | VITESSE ENERGY INC | $71 | 0.00% | 2 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $71 | 0.00% | 2,500 | Common | SOLE |
| 91733P115 | — | USA RARE EARTH INC | $0 | — | 12,499 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.