Q2 2025 · 13F-HR
PenderFund Capital Management Ltd.holdings as filed
Filed 2025-08-14 · accession 0001706164-25-000003
$422.5M
Reported value
159
Positions
2025-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 32076VAD5 | AGCN 0.375 01/15/27 | FIRST MAJESTIC SILVER COR | $41.6M | 9.84% | 43,340,000 | Common | SOLE |
| 003260106 | PPLT | ABRDN PLATINUM ETF TRUST | $38.4M | 9.08% | 312,200 | Common | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $23.5M | 5.56% | 22,000,000 | Common | SOLE |
| 784730AB9 | SSRMCN 2.5 04/01/39 | SSR MINING IN | $22.7M | 5.38% | 21,987,000 | Common | SOLE |
| 80100R408 | SANG | SANGOMA TECHNOLOGIES CORP | $20.1M | 4.75% | 3,237,333 | Common | SOLE |
| 722304AC6 | PDD 0 12/01/25 | PDD HOLDINGS INC | $18.0M | 4.27% | 18,500,000 | Common | SOLE |
| 29446YAC0 | EQXCN 4.75 10/15/28 | EQUINOX GOLD CORP | $14.7M | 3.47% | 12,077,000 | Common | SOLE |
| 14161WAD7 | CDLX 4.25 04/01/29 | CARDLYTICS INC | $14.3M | 3.39% | 34,610,000 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | MAGNITE INC | $13.8M | 3.26% | 14,225,000 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $13.1M | 3.10% | 188,909 | Common | SOLE |
| 62914VAJ5 | NIO 3.875 10/15/29 | NIO INC | $12.1M | 2.86% | 16,770,000 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO | $11.1M | 2.62% | 10,000,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO INC | $11.0M | 2.61% | 17,150,000 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $10.6M | 2.51% | 744,713 | Common | SOLE |
| 68375NAG8 | OPK 3.75 01/15/29 | OPKO HEALTH INC | $10.0M | 2.36% | 7,311,000 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAP FDG INC | $9.8M | 2.32% | 9,000,000 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $8.7M | 2.06% | 995,797 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $8.2M | 1.94% | 250,000 | Common | SOLE |
| 85207K107 | PSLV | SPROTT PHYSICAL SILVER TR | $8.1M | 1.93% | 665,000 | Common | SOLE |
| 08862EAB5 | BYND 0 03/15/27 | BEYOND MEAT INC | $7.9M | 1.88% | 93,792,000 | Common | SOLE |
| 69349HAF4 | TXNM 5.75 06/01/54 | TXNM ENERGY INC | $7.7M | 1.82% | 5,900,000 | Common | SOLE |
| 34984V209 | FET | FORUM ENERGY TECHNOLOGIES IN | $7.4M | 1.74% | 377,679 | Common | SOLE |
| 225447AD3 | WOLF 1.75 05/01/26 | WOLFSPEED INC | $6.6M | 1.56% | 25,329,000 | Common | SOLE |
| 29664W105 | ESPR | ESPERION THERAPEUTICS INC NE COM | $6.6M | 1.56% | 6,676,519 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC | $4.8M | 1.14% | 5,000,000 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $4.4M | 1.04% | 151,920 | Common | SOLE |
| 14161WAB1 | — | CARDLYTICS INC | $4.4M | 1.04% | 4,518,000 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $3.5M | 0.82% | 49,757 | Common | SOLE |
| 977852AD4 | WOLF 1.875 12/01/29 | WOLFSPEED INC | $3.2M | 0.77% | 12,500,000 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $3.0M | 0.71% | 10,115 | Common | SOLE |
| 29664WAB1 | ESPR 4 11/15/25 | ESPERION THERAPEUTICS INC NE | $3.0M | 0.70% | 3,000,000 | Common | SOLE |
| 84863V101 | FLYYQ | SPIRIT AVIATION HLDGS INC | $2.9M | 0.68% | 578,947 | Common | SOLE |
| 977852AB8 | WOLF 0.25 02/15/28 | WOLFSPEED INC | $2.6M | 0.61% | 10,000,000 | Common | SOLE |
| 879512309 | TSAT | TELESAT CORP | $2.4M | 0.58% | 100,600 | Common | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $2.3M | 0.54% | 531,100 | Common | SOLE |
| G85158106 | STNE | STONECO LTD | $2.3M | 0.54% | 141,000 | Common | SOLE |
| 56600D107 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $2.1M | 0.50% | 870,200 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $2.1M | 0.49% | 124,450 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $2.0M | 0.46% | 14,720 | Common | SOLE |
| 489398107 | KW | KENNEDY-WILSON HOLDINGS IN | $1.8M | 0.43% | 264,660 | Common | SOLE |
| 428291108 | HXL | HEXCEL CORP NEW | $1.8M | 0.42% | 31,723 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $1.5M | 0.35% | 23,740 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $1.0M | 0.24% | 515 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $1.0M | 0.24% | 14,360 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $928,438 | 0.22% | 4,700 | Common | SOLE |
| 536797103 | LAD | LITHIA MTRS INC | $810,768 | 0.19% | 2,400 | Common | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $718,740 | 0.17% | 18,000 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $700,128 | 0.17% | 1,800 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASST INFLTN LKD INM | $637,829 | 0.15% | 75,932 | Common | SOLE |
| G5S86M100 | LPAA | LAUNCH ONE ACQUISITION CORP | $624,900 | 0.15% | 60,000 | Common | SOLE |
| 617477104 | EDD | MORGAN STANLEY EMERGING MKTS | $616,100 | 0.15% | 120,332 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $585,824 | 0.14% | 3,200 | Common | SOLE |
| 26484T106 | DNB | DUN & BRADSTREET HLDGS INC | $559,944 | 0.13% | 61,600 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $543,366 | 0.13% | 5,930 | Common | SOLE |
| M82363124 | — | SATIXFY COMMUNICATIONS LTD | $511,516 | 0.12% | 174,579 | Common | SOLE |
| 830566105 | SKAA | SKECHERS U S A INC | $504,800 | 0.12% | 8,000 | Common | SOLE |
| 30034T103 | G2C | EVERI HLDGS INC | $504,096 | 0.12% | 35,400 | Common | SOLE |
| 896818101 | TG7 | TRIUMPH GROUP INC NEW | $499,550 | 0.12% | 19,400 | Common | SOLE |
| 05368X102 | AVDX | AVIDXCHANGE HOLDINGS INC | $495,374 | 0.12% | 50,600 | Common | SOLE |
| 85205L107 | SWTXUSD | SPRINGWORKS THERAPEUTICS INC | $493,395 | 0.12% | 10,500 | Common | SOLE |
| 92673K108 | VIGL | VIGIL NEUROSCIENCE INC | $437,250 | 0.10% | 55,000 | Common | SOLE |
| 00164VAJ2 | AMCX 4.25 02/15/29 * | AMC NETWORKS INC | $431,389 | 0.10% | 501,000 | Common | SOLE |
| 62945V109 | NVEEUSD | NV5 GLOBAL INC | $413,311 | 0.10% | 17,900 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $396,417 | 0.09% | 30,100 | Common | SOLE |
| 466313103 | JBL | JABIL INC | $392,144 | 0.09% | 1,798 | Common | SOLE |
| G8901A129 | TACHU | TITAN ACQUISITION CORP | $382,470 | 0.09% | 36,600 | Common | SOLE |
| 311642102 | FARO | FARO TECHNOLOGIES INC | $373,320 | 0.09% | 8,500 | Common | SOLE |
| 45790W108 | — | INOZYME PHARMA INC | $362,800 | 0.09% | 90,700 | Common | SOLE |
| H33700107 | — | GLOBAL BLUE GROUP HOLDING AG | $357,066 | 0.08% | 47,800 | Common | SOLE |
| G3075P101 | ESGRUSD | ENSTAR GROUP LIMITED | $336,360 | 0.08% | 1,000 | Common | SOLE |
| G82745129 | SOUL/U | SOULPOWER ACQUISITION CORP | $320,644 | 0.08% | 30,051 | Common | SOLE |
| 947890109 | WBS | WEBSTER FINL CORP | $318,755 | 0.08% | 5,838 | Common | SOLE |
| 82661L101 | SGMAGBP | SIGMATRON INTL I | $308,132 | 0.07% | 103,400 | Common | SOLE |
| 817732100 | SVX | SERVOTRONICS INC | $305,110 | 0.07% | 6,500 | Common | SOLE |
| 46436E718 | SGOV | ISHARES TR | $302,070 | 0.07% | 3,000 | Common | SOLE |
| 74933W452 | TBIL | RBB FD INC | $299,970 | 0.07% | 6,000 | Common | SOLE |
| 922040845 | VBIL | VANGUARD INSTL INDEX F | $294,645 | 0.07% | 3,900 | Common | SOLE |
| 78468R663 | BIL | SPDR SERIES TRUST | $293,536 | 0.07% | 3,200 | Common | SOLE |
| 09627Y109 | 2655787D | BLUEPRINT MEDICINES CORP | $281,996 | 0.07% | 2,200 | Common | SOLE |
| 36251C103 | GMS1EUR | GMS INC | $271,875 | 0.06% | 2,500 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQUISITION CORP. I | $260,552 | 0.06% | 25,000 | Common | SOLE |
| G93Y09107 | — | VINE HILL CAP INVT C | $260,250 | 0.06% | 25,000 | Common | SOLE |
| G87890128 | TVAIU | THAYER VENTURES ACQ CORP II | $254,250 | 0.06% | 25,000 | Common | SOLE |
| G8193F125 | SZZLU | SIZZLE ACQUISITION CORP. II | $248,881 | 0.06% | 24,448 | Common | SOLE |
| 018522300 | AEBA | ALLETE INC | $248,592 | 0.06% | 3,880 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $247,808 | 0.06% | 4,400 | Common | SOLE |
| G1368E122 | BLUWU | BLUE WTR ACQUISITION CORP. I | $247,124 | 0.06% | 24,700 | Common | SOLE |
| G19307118 | CGCTU | CARTESIAN GROWTH CORP III | $244,133 | 0.06% | 24,100 | Common | SOLE |
| 29788T103 | ETWOGBP | E2OPEN PARENT HOLDINGS INC | $241,927 | 0.06% | 74,900 | Common | SOLE |
| 10806B100 | 53S | BRIDGE INVT GROUP HLDGS INC | $241,241 | 0.06% | 24,100 | Common | SOLE |
| 227483104 | CCRN | CROSS CTRY HEALTHCARE INC | $236,205 | 0.06% | 18,100 | Common | SOLE |
| 138103106 | UTE0 | CANTALOUPE INC | $226,394 | 0.05% | 20,600 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $225,219 | 0.05% | 2,048 | Common | SOLE |
| 75971T301 | VQKA | EMEREN GROUP LTD | $221,217 | 0.05% | 118,298 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $207,810 | 0.05% | 1,500 | Common | SOLE |
| 847215100 | SRJ | SPARTANNASH CO | $193,377 | 0.05% | 7,300 | Common | SOLE |
| 45674M101 | INFA1EUR | INFORMATICA INC | $189,930 | 0.04% | 7,800 | Common | SOLE |
| G1069P137 | BSAAU | BEST SPAC I ACQUISITION CORP | $185,740 | 0.04% | 18,500 | Common | SOLE |
| G60409110 | MTALEUR | MAC COPPER LIMITED | $181,350 | 0.04% | 15,000 | Common | SOLE |
| 11373M107 | BB3 | BROOKLINE BANCORP INC DEL | $173,336 | 0.04% | 16,430 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $171,225 | 0.04% | 7,500 | Common | SOLE |
| 50216C108 | LYTS | LSI INDS INC OHIO | $167,855 | 0.04% | 9,868 | Common | SOLE |
| 88338H704 | TQ80 | THERATECHNOLOGIES INC | $166,826 | 0.04% | 69,900 | Common | SOLE |
| G24979125 | — | CRANE HBR ACQUISITION CORP | $154,056 | 0.04% | 14,700 | Common | SOLE |
| G6476A128 | NPACU | NEW PROVIDENCE ACQUISITION C | $153,615 | 0.04% | 14,700 | Common | SOLE |
| 31620R303 | FNF | FIDELITY NATIONAL FINANCIAL | $151,026 | 0.04% | 2,694 | Common | SOLE |
| 86323X205 | LV10 | STREAMLINE HEALTH SOLUTIONS | $144,615 | 0.03% | 27,972 | Common | SOLE |
| 03662Q105 | AKX | ANSYS INC | $122,927 | 0.03% | 350 | Common | SOLE |
| G9R39C129 | WENNU | WEN ACQUISITION CORP | $106,000 | 0.03% | 10,000 | Common | SOLE |
| G3415K127 | FERAU | FIFTH ERA ACQUISITION CORP I | $105,040 | 0.02% | 10,100 | Common | SOLE |
| G7010A103 | PMTRU | PERIMETER ACQUISITION CORP I | $104,700 | 0.02% | 10,000 | Common | SOLE |
| G4036C106 | GRAF | GRAF GLOBAL CORP | $104,600 | 0.02% | 10,000 | Common | SOLE |
| G5490M118 | LWACU | LIGHTWAVE ACQUISITION CORP | $100,500 | 0.02% | 10,000 | Common | SOLE |
| 92539P101 | — | VERVE THERAPEUTICS INC | $98,824 | 0.02% | 8,800 | Common | SOLE |
| 22207T101 | BASE | COUCHBASE INC | $97,520 | 0.02% | 4,000 | Common | SOLE |
| 46500E867 | ISOU | ISOENERGY LTD | $93,314 | 0.02% | 13,100 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $80,585 | 0.02% | 11,600 | Common | SOLE |
| 78667J108 | SG7 | SAGE THERAPEUTICS INC | $75,696 | 0.02% | 8,300 | Common | SOLE |
| 28623U101 | — | ELEVATION ONCOLOGY INC | $71,841 | 0.02% | 195,700 | Common | SOLE |
| 82983N108 | SB9 | SITIO ROYALTIES CORP | $71,682 | 0.02% | 3,900 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $65,820 | 0.02% | 1,500 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $55,913 | 0.01% | 9,400 | Common | SOLE |
| G7515A111 | RDAGU | REPUBLIC DIGITAL ACQUISITION | $52,900 | 0.01% | 5,000 | Common | SOLE |
| G47875128 | IPCXU | INFLECTION PT ACQUISITION CO | $52,550 | 0.01% | 5,000 | Common | SOLE |
| G93A7H104 | VACH | VOYAGER ACQUISITION CORP | $51,850 | 0.01% | 5,000 | Common | SOLE |
| G3473K126 | FIGXU | FIGX CAP ACQUISITION CORP. | $50,075 | 0.01% | 5,000 | Common | SOLE |
| G6858G123 | OBAWU | OXLEY BRIDGE ACQ LTD | $50,050 | 0.01% | 5,000 | Common | SOLE |
| G7117W123 | PACHU | PIONEER ACQUISITION I CORP | $50,050 | 0.01% | 5,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $42,200 | 0.01% | 4,000 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $40,599 | 0.01% | 900 | Common | SOLE |
| 668771116 | GENVR | GEN DIGITAL INC | $39,168 | 0.01% | 4,800 | Common | SOLE |
| 750917106 | RMBS | RAMBUS INC DEL | $38,476 | 0.01% | 601 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $36,645 | 0.01% | 370 | Common | SOLE |
| G3922B107 | G | GENPACT LIMITED | $35,692 | 0.01% | 811 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $35,552 | 0.01% | 440 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $35,077 | 0.01% | 346 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $34,659 | 0.01% | 676 | Common | SOLE |
| 465741106 | ITRI | ITRON INC | $34,224 | 0.01% | 260 | Common | SOLE |
| 006739106 | ADUS | ADDUS HOMECARE CORP | $33,175 | 0.01% | 288 | Common | SOLE |
| G16234109 | — | BROOKFIELD BUSINESS PARTNERS | $31,990 | 0.01% | 1,232 | Common | SOLE |
| 92343E102 | VRSN | VERISIGN INC | $30,902 | 0.01% | 107 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $28,891 | 0.01% | 406 | Common | SOLE |
| 589400100 | MCY | MERCURY GENL CORP NEW | $28,350 | 0.01% | 421 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $26,706 | 0.01% | 663 | Common | SOLE |
| 607828100 | MOD | MODINE MFG C | $25,906 | 0.01% | 263 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $25,668 | 0.01% | 2,480 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $25,561 | 0.01% | 248 | Common | SOLE |
| 609839105 | MPWR | MONOLITHIC PWR SYS INC | $20,479 | 0.00% | 28 | Common | SOLE |
| 55305B101 | MHO | M/I HOMES INC | $15,697 | 0.00% | 140 | Common | SOLE |
| G1148A101 | BKHA | BLACK HAWK ACQUISITION CORP | $10,279 | 0.00% | 967 | Common | SOLE |
| G5S86M126 | LPAAW | LAUNCH ONE ACQUISITION CORP | $8,400 | 0.00% | 30,000 | Common | SOLE |
| G93Y09115 | VCICW | VINE HILL CAP INVT CORP. | $3,670 | 0.00% | 12,500 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. | $3,437 | 0.00% | 12,500 | Common | SOLE |
| G8772L121 | TVACU | TEXAS VENTURES ACQUISITION I | $1,962 | 0.00% | 191 | Common | SOLE |
| G4036C122 | GRAF/WS | GRAF GLOBAL CORP | $1,425 | 0.00% | 5,000 | Common | SOLE |
| G93A7H112 | VACHW | VOYAGER ACQUISITION CORP | $750 | 0.00% | 2,500 | Common | SOLE |
| G4619M109 | HSPOF | HORIZON SPACE ACQUSTN I CORP | $632 | 0.00% | 52 | Common | SOLE |
| 95766A101 | XEMDX | WESTERN ASSET EMERGING MKTS | $281 | 0.00% | 28 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $47 | 0.00% | 2,500 | 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.