Top Institutional Investors

PenderFund Capital Management Ltd. — 13F Holdings & Portfolio

CIK 1706164 · latest 13F-HR filed 2026-08-17

Backtest portfolio

PenderFund Capital Management Ltd. manages $780.1M in 13F-reported U.S. long-equity assets across 231 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NOG (8.32%), FLNC (7.81%), AG (6.20%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 69 new positions and exited 91; 91 existing positions rose in reported value and 51 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$780.1M

Long-equity book

Holdings
231

Distinct positions

Period
2026-06-30

Filed 2026-08-17

Q/Q Activity
+69 / −91 / ↑91 / ↓51

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NOG8.3% · +51%FLNC7.8% · +27%NIO6.7% · -5%AG6.2% · 0%VRTX5.7% · newSO5.5% · +33%WOLF5.2% · -9%EVOLENT HEALTH4.0% · 0%BABAF3.8% · +400%PPL3.2% · 0%EQX2.6% · 0%EVOLENT HEALTH2.4% · +51%SANG2.1% · +56%CDLX2.0% · +13%WEAT2.0% · newPAR1.8% · +200%PAR1.8% · 0%CORN1.7% · 0%OPK1.6% · +16%MTH1.6% · 0%ESPR1.6% · -0%PPLT1.4% · +400%TSAT1.4% · -39%IRTC1.3% · newWIW1.1% · -2%TXNM1.0% · 0%MDA1.0% · -58%BMM1.0% · +108%OMCL0.5% · newEDD0.4% · +26%HSLV0.4% · 0%CART0.3% · +0%SARO0.3% · +1%SOYB0.3% · 0%KKR0.3% · -10%AGRO0.3% · 0%FLR0.3% · +0%CP0.3% · newDLTR0.3% · +1%GNRC0.3% · -30%DECK0.2% · -8%ADUS0.2% · +0%NXE0.2% · -25%CLVT0.2% · -25%STNE0.2% · +57%MSFT0.2% · +70%AMZN0.2% · newIFF0.2% · +0%ISOU0.2% · -4%EVR0.2% · +26%SHOP0.2% · -12%MRVI0.2% · 0%BN0.2% · -18%CPRT0.2% · newBELFA0.2% · +52%AEM0.1% · newGTLS0.1% · +74%GS0.1% · newATS0.1% · +88%BAH0.1% · +0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 56.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 91 →

Top Trims

Show all 51 →

New Positions

Show all 69 →

Exited Positions

Show all 91 →

PenderFund Capital Management Ltd. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NORTHERN OIL & GAS INC NOG 665531AJ8 $64.9M 8.32% 67,000,000 PRN
2 FLUENCE ENERGY INC FLNC 34379VAB9 $60.9M 7.81% 47,410,000 PRN
3 FIRST MAJESTIC SILVER CORP AG 32076VAD5 $48.4M 6.20% 38,740,000 PRN
4 VERTEX INC — 92538JAB2 $44.8M 5.74% 50,000,000 PRN
5 WOLFSPEED INC WOLF 977852AP7 $40.7M 5.21% 10,330,060 PRN
6 SOUTHERN CO SO 842587DZ7 $33.1M 4.25% 30,000,000 PRN
7 EVOLENT HEALTH INC — 30050BAH4 $31.5M 4.03% 42,017,000 PRN
8 ALIBABA GROUP HLDG LTD BABAF 01609WBG6 $29.5M 3.79% 25,000,000 PRN
9 NIO INC NIO 62914VAK2 $26.9M 3.45% 26,500,000 PRN
10 NIO INC NIO 62914VAJ5 $25.7M 3.30% 25,185,000 PRN
11 PPL CAP FDG INC — 69352PAS2 $25.2M 3.23% 22,000,000 PRN
12 EQUINOX GOLD CORP EQX 29446YAC0 $20.5M 2.63% 12,077,000 PRN
13 EVOLENT HEALTH INC — 30050BAJ0 $19.0M 2.44% 23,370,000 PRN
14 SANGOMA TECHNOLOGIES CORP SANG 80100R408 $16.7M 2.14% 4,386,194 SH
15 CARDLYTICS INC CDLX 14161WAD7 $15.5M 1.99% 53,802,000 PRN
16 TEUCRIUM COMMODITY TR WEAT 88166A870 $15.3M 1.97% 696,000 SH
17 PAR TECHNOLOGY CORP PAR 698884AE3 $14.4M 1.84% 15,000,000 PRN
18 PAR TECHNOLOGY CORP PAR 698884103 $14.2M 1.81% 812,462 SH
19 TEUCRIUM COMMODITY TR CORN 88166A102 $13.5M 1.73% 804,300 SH
20 OPKO HEALTH INC OPK 68375NAG8 $12.8M 1.64% 8,491,000 PRN
21 MERITAGE HOMES CORP MTH 59001ABF8 $12.5M 1.60% 12,000,000 PRN
22 ESPERION THERAPEUTICS INC NE ESPR 29664W105 $12.3M 1.57% 3,884,508 SH
23 ABRDN PLATINUM ETF TRUST PPLT 003260106 $11.3M 1.45% 800,000 SH
24 TELESAT CORP TSAT 879512309 $11.0M 1.41% 225,153 SH
25 IRHYTHM HOLDINGS INC IRTC 450056AB2 $10.2M 1.31% 9,260,000 PRN
26 SOUTHERN CO SO 842587ED5 $10.1M 1.30% 10,000,000 PRN
27 WESTERN AST INFL LKD OPP & I WIW 95766R104 $8.4M 1.08% 998,747 SH
28 TXNM ENERGY INC TXNM 69349HAF4 $7.7M 0.99% 5,900,000 PRN
29 MDA SPACE LTD MDA 55293N109 $7.6M 0.97% 183,588 SH
30 BLUE MOON METALS INC BMM 09570Q509 $7.5M 0.96% 1,176,098 SH
31 OMNICELL COM OMCL 68213NAF6 $3.6M 0.46% 3,353,000 PRN
32 MORGAN STANLEY EMERGING MKTS EDD 617477104 $3.0M 0.38% 504,800 SH
33 HIGHLANDER SILVER CORP HSLV 43087N204 $2.8M 0.35% 587,800 SH
34 MAPLEBEAR INC CART 565394103 $2.7M 0.34% 56,068 SH
35 STANDARDAERO INC SARO 85423L103 $2.5M 0.31% 81,962 SH
36 TEUCRIUM COMMODITY TR SOYB 88166A607 $2.4M 0.31% 100,000 SH
37 KKR & CO INC KKR 48251W104 $2.4M 0.31% 26,540 SH
38 ADECOAGRO S A AGRO L00849106 $2.4M 0.31% 250,000 SH
39 FLUOR CORP FLR 343412102 $2.4M 0.30% 45,374 SH
40 CANADIAN PACIFIC KANSAS CITY CP 13646K108 $2.3M 0.30% 27,000 SH
41 DOLLAR TREE INC DLTR 256746108 $2.3M 0.29% 18,634 SH
42 GENERAC HLDGS INC GNRC 368736104 $2.2M 0.28% 7,570 SH
43 DECKERS OUTDOOR CORP DECK 243537107 $1.9M 0.25% 19,305 SH
44 ADDUS HOMECARE CORP ADUS 006739106 $1.9M 0.24% 18,497 SH
45 NEXGEN ENERGY LTD NXE 65340P106 $1.8M 0.24% 196,400 SH
46 CLARIVATE PLC CLVT G21810109 $1.8M 0.23% 830,400 SH
47 STONECO LTD STNE G85158106 $1.7M 0.22% 157,200 SH
48 MICROSOFT CORP MSFT 594918104 $1.5M 0.19% 3,900 SH
49 AMAZON COM INC AMZN 023135106 $1.5M 0.19% 6,100 SH
50 INTERNATIONAL FLAVORS&FRAGRA IFF 459506101 $1.4M 0.18% 17,642 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-17 $780.1M 231 0001706164-26-000005
2026-03-31 2026-05-15 $638.6M 253 0001706164-26-000003
2025-12-31 2026-02-17 $634.7M 219 0001706164-26-000001
2025-09-30 2025-11-14 $592.7M 207 0001706164-25-000010
Filer Information
Address
SUITE 1830, 1066 W. HASTINGS STREET
VANCOUVER, A1 V6E 3X2
Phone
(604) 688-1511
Filing Manager
PenderFund Capital Management Ltd.
VANCOUVER, A1
Signatory
Amanda Patterson
CFO and Head of Operations