PenderFund Capital Management Ltd. — 13F Holdings & Portfolio
CIK 1706164 · latest 13F-HR filed 2026-05-15
PenderFund Capital Management Ltd. manages $638.6M in 13F-reported U.S. long-equity assets across 253 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are AG (8.53%), NOG (7.79%), FLNC (5.95%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 111 new positions, exited 77, added to 53, and trimmed 48.
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.
$638.6M
Long-equity book
253
Distinct positions
2026-03-31
Filed 2026-05-15
+111 / −77 / ↑53 / ↓48
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NORTHERN OIL & GAS INC$30.2M +154.9%
- EVOLENT HEALTH INC$16.9M +284.1%
- NIO INC$9.9M +49.8%
- EVOLENT HEALTH INC$5.0M +170.8%
- PPL CAP FDG INC$4.8M +22.8%
Top Trims
- EQUINOX GOLD CORP-$24.8M -67.8%
- ABRDN PLATINUM ETF TRUST-$16.6M -36.8%
- CARDLYTICS INC-$5.8M -30.1%
- ESPERION THERAPEUTICS INC NE-$5.6M -34.4%
- DUKE ENERGY CORP NEW-$5.2M -15.7%
New Positions
- TEUCRIUM COMMODITY TR$14.8M
- MERITAGE HOMES CORP$11.7M
- MDA SPACE LTD$11.1M
- ALIBABA GROUP HLDG LTD$7.0M
- SUPER MICRO COMPUTER INC$5.3M
Exited Positions
- SSR MINING IN$25.9M
- ISHARES SILVER TR$15.9M
- MAGNITE INC$14.1M
- SPROTT ASSET MANAGEMENT LP$13.4M
- AIRBNB INC$5.0M
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 | FIRST MAJESTIC SILVER CORP | AG | 32076VAD5 | $54.4M | 8.53% | 38,740,000 | PRN |
| 2 | NORTHERN OIL & GAS INC | NOG | 665531AJ8 | $49.7M | 7.79% | 44,500,000 | PRN |
| 3 | FLUENCE ENERGY INC | FLNC | 34379VAB9 | $38.0M | 5.95% | 37,410,000 | PRN |
| 4 | SOUTHERN CO | SO | 842587DZ7 | $33.8M | 5.29% | 30,000,000 | PRN |
| 5 | NIO INC | NIO | 62914VAK2 | $29.7M | 4.65% | 29,250,000 | PRN |
| 6 | EQUINOX GOLD CORP | EQX | 29446YAC0 | $29.4M | 4.61% | 12,077,000 | PRN |
| 7 | ABRDN PLATINUM ETF TRUST | PPLT | 003260106 | $28.5M | 4.47% | 160,000 | SH |
| 8 | DUKE ENERGY CORP NEW | DUKRD | 26441CBY0 | $28.1M | 4.39% | 25,000,000 | PRN |
| 9 | NIO INC | NIO | 62914VAJ5 | $26.2M | 4.10% | 25,185,000 | PRN |
| 10 | PPL CAP FDG INC | PPL | 69352PAS2 | $25.8M | 4.04% | 22,000,000 | PRN |
| 11 | EVOLENT HEALTH INC | — | 30050BAH4 | $22.8M | 3.58% | 42,017,000 | PRN |
| 12 | WOLFSPEED INC | WOLF | 977852AP7 | $16.3M | 2.55% | 11,330,060 | PRN |
| 13 | TEUCRIUM COMMODITY TR | CORN | 88166A102 | $14.8M | 2.32% | 804,300 | SH |
| 14 | CARDLYTICS INC | CDLX | 14161WAD7 | $13.5M | 2.12% | 47,710,000 | PRN |
| 15 | TELESAT CORP | TSAT | 879512309 | $13.1M | 2.06% | 371,153 | SH |
| 16 | EQUINOX GOLD CORP | EQX | 29446Y502 | $11.7M | 1.84% | 812,500 | SH |
| 17 | MERITAGE HOMES CORP | MTH | 59001ABF8 | $11.7M | 1.83% | 12,000,000 | PRN |
| 18 | SANGOMA TECHNOLOGIES CORP | SANG | 80100R408 | $11.1M | 1.74% | 2,820,933 | SH |
| 19 | MDA SPACE LTD | MDA | 55293N109 | $11.1M | 1.73% | 436,232 | SH |
| 20 | PAR TECHNOLOGY CORP | PAR | 698884103 | $10.8M | 1.70% | 812,462 | SH |
| 21 | ESPERION THERAPEUTICS INC NE | ESPR | 29664W105 | $10.7M | 1.67% | 3,891,926 | SH |
| 22 | OPKO HEALTH INC | OPK | 68375NAG8 | $9.2M | 1.43% | 7,311,000 | PRN |
| 23 | WESTERN AST INFL LKD OPP & I | WIW | 95766R104 | $8.7M | 1.36% | 1,023,197 | SH |
| 24 | TXNM ENERGY INC | TXNM | 69349HAF4 | $8.0M | 1.25% | 5,900,000 | PRN |
| 25 | EVOLENT HEALTH INC | — | 30050BAJ0 | $7.9M | 1.23% | 15,500,000 | PRN |
| 26 | ALIBABA GROUP HLDG LTD | BABAF | 01609WBG6 | $7.0M | 1.09% | 5,000,000 | PRN |
| 27 | SUPER MICRO COMPUTER INC | SMCI | 86800UAD6 | $5.3M | 0.82% | 6,000,000 | PRN |
| 28 | PAR TECHNOLOGY CORP | PAR | 698884AE3 | $4.7M | 0.73% | 5,000,000 | PRN |
| 29 | ADECOAGRO S A | AGRO | L00849106 | $3.8M | 0.59% | 250,000 | SH |
| 30 | BLUE MOON METALS INC | BMM | 09570Q509 | $3.7M | 0.57% | 565,298 | SH |
| 31 | HIGHLANDER SILVER CORP | HSLV | 43087N204 | $3.4M | 0.54% | 587,800 | SH |
| 32 | NEXGEN ENERGY LTD | NXE | 65340P106 | $3.1M | 0.48% | 263,000 | SH |
| 33 | CLARIVATE PLC | CLVT | G21810109 | $2.8M | 0.44% | 1,113,600 | SH |
| 34 | KKR & CO INC | KKR | 48251W104 | $2.7M | 0.43% | 29,340 | SH |
| 35 | TEUCRIUM COMMODITY TR | SOYB | 88166A607 | $2.4M | 0.38% | 100,000 | SH |
| 36 | BURFORD CAPITAL LIMITED | BUR | G17977110 | $2.3M | 0.35% | 497,990 | SH |
| 37 | GENERAC HLDGS INC | GNRC | 368736104 | $2.1M | 0.33% | 10,850 | SH |
| 38 | FLUOR CORP | FLR | 343412102 | $2.1M | 0.33% | 45,140 | SH |
| 39 | DECKERS OUTDOOR CORP | DECK | 243537107 | $2.1M | 0.33% | 20,981 | SH |
| 40 | STANDARDAERO INC | SARO | 85423L103 | $2.1M | 0.33% | 81,250 | SH |
| 41 | MAPLEBEAR INC | CART | 565394103 | $2.1M | 0.33% | 56,015 | SH |
| 42 | DOLLAR TREE INC | DLTR | 256746108 | $2.0M | 0.32% | 18,530 | SH |
| 43 | MORGAN STANLEY EMERGING MKTS | EDD | 617477104 | $2.0M | 0.32% | 400,000 | SH |
| 44 | ADDUS HOMECARE CORP | ADUS | 006739106 | $1.7M | 0.27% | 18,475 | SH |
| 45 | ISOENERGY LTD | ISOU | 46500E867 | $1.5M | 0.24% | 145,200 | SH |
| 46 | SHOPIFY INC | SHOP | 82509L107 | $1.5M | 0.24% | 12,800 | SH |
| 47 | BROOKFIELD CORP | BN | 11271J107 | $1.4M | 0.23% | 35,610 | SH |
| 48 | STONECO LTD | STNE | G85158106 | $1.4M | 0.22% | 100,000 | SH |
| 49 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 099502106 | $1.4M | 0.22% | 17,620 | SH |
| 50 | INTERNATIONAL FLAVORS&FRAGRA | IFF | 459506101 | $1.3M | 0.20% | 17,612 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |