PENDERFUND CAPITAL MANAGEMENT LTD.

Filed: 2/14/2024ACC: 0001706164-24-000001

📋 What this filing means

PENDERFUND CAPITAL MANAGEMENT LTD. filed this quarterly 13F‑HR report disclosing 105 equity positions with a total reported market value of $306.78M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

105

Positions

$306.78M

Total AUM (reported)

131.10M

Total Shares

Allocation by class

COM$112.00M36.5%

NOTE 4.000%11/1$32.54M10.6%

NOTE 0.375% 1/1$24.44M8.0%

COM NEW$22.26M7.3%

NOTE 2.500% 4/0$18.84M6.1%

NOTE 4.500% 2/1$18.53M6.0%

NOTE 0.500% 4/0$18.34M6.0%

Portfolio Concentration

Top 3$75.83M24.7%

4–10$110.62M36.1%

11–25$83.64M27.3%

Rest$36.69M12.0%

Top 3 weight

24.7%

Top 10 weight

60.8%

Voting Authority Distribution

Total shares with voting rights: 131.10M

Sole

Full voting authority

131.10M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole105

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings105

Rows:

ESPERION THERAPEUTICS INC NE

SOLE

NOTE 4.000%11/1

Shares41.03M

TypePRN

Market value$32.54M

10.61%

Sole

41.03M

Shared

0.00

None

0.00

FIRST MAJESTIC SILVER CORP

SOLE

NOTE 0.375% 1/1

Shares23.50M

TypePRN

Market value$24.44M

7.97%

Sole

23.50M

Shared

0.00

None

0.00

SSR MINING IN

SOLE

NOTE 2.500% 4/0

Shares14.68M

TypePRN

Market value$18.84M

6.14%

Sole

14.68M

Shared

0.00

None

0.00

OPKO HEALTH INC

SOLE

NOTE 4.500% 2/1

Shares14M

TypePRN

Market value$18.53M

6.04%

Sole

14M

Shared

0.00

None

0.00

BANDWIDTH INC

SOLE

NOTE 0.500% 4/0

Shares21.70M

TypePRN

Market value$18.34M

5.98%

Sole

21.70M

Shared

0.00

None

0.00

PAR TECHNOLOGY CORP

SOLE

COM

Shares291.54K

TypeSH

Market value$16.82M

5.48%

Sole

291.54K

Shared

0.00

None

0.00

BURFORD CAP LTD

SOLE

ORD SHS

Shares810K

TypeSH

Market value$16.74M

5.46%

Sole

810K

Shared

0.00

None

0.00

SANGOMA TECHNOLOGIES CORP

SOLE

COM NEW

Shares3.31M

TypeSH

Market value$14.03M

4.57%

Sole

3.31M

Shared

0.00

None

0.00

NUVEEN AMT FREE QLTY MUN INC

SOLE

COM

Shares909.80K

TypeSH

Market value$13.26M

4.32%

Sole

909.80K

Shared

0.00

None

0.00

NUVEEN QUALITY MUNCP INCOME

SOLE

COM

Shares850K

TypeSH

Market value$12.90M

4.20%

Sole

850K

Shared

0.00

None

0.00

NUVEEN MUNICIPAL CREDIT INC

SOLE

COM SH BEN INT

Shares757K

TypeSH

Market value$11.86M

3.86%

Sole

757K

Shared

0.00

None

0.00

NUVEEN AMT FREE MUN CR INC F

SOLE

COM

Shares508.87K

TypeSH

Market value$7.97M

2.60%

Sole

508.87K

Shared

0.00

None

0.00

DOCEBO INC

SOLE

COM

Shares117.82K

TypeSH

Market value$7.54M

2.46%

Sole

117.82K

Shared

0.00

None

0.00

KKR & CO INC

SOLE

COM

Shares57.02K

TypeSH

Market value$6.26M

2.04%

Sole

57.02K

Shared

0.00

None

0.00

MORGAN STANLEY EMERGING MKTS

SOLE

COM

Shares987.75K

TypeSH

Market value$6.10M

1.99%

Sole

987.75K

Shared

0.00

None

0.00

FORUM ENERGY TECHNOLOGIES IN

SOLE

COM

Shares199.12K

TypeSH

Market value$5.85M

1.91%

Sole

199.12K

Shared

0.00

None

0.00

AVIAT NETWORKS INC

SOLE

COM NEW

Shares129.52K

TypeSH

Market value$5.61M

1.83%

Sole

129.52K

Shared

0.00

None

0.00

ZILLOW GROUP INC

SOLE

CL C CAP STK

Shares69.85K

TypeSH

Market value$5.36M

1.75%

Sole

69.85K

Shared

0.00

None

0.00

WESTERN ASSET EMERGING MKTS

SOLE

COM

Shares419.14K

TypeSH

Market value$5.12M

1.67%

Sole

419.14K

Shared

0.00

None

0.00

WESTERN AST INFL LKD OPP & I

SOLE

COM

Shares421.68K

TypeSH

Market value$4.84M

1.58%

Sole

421.68K

Shared

0.00

None

0.00

INTERACTIVE BROKERS GROUP IN

SOLE

COM CL A

Shares38.14K

TypeSH

Market value$4.19M

1.37%

Sole

38.14K

Shared

0.00

None

0.00

TEXAS PACIFIC LAND CORPORATI

SOLE

COM

Shares1.91K

TypeSH

Market value$3.97M

1.30%

Sole

1.91K

Shared

0.00

None

0.00

SS&C TECHNOLOGIES HLDGS INC

SOLE

COM

Shares45.74K

TypeSH

Market value$3.70M

1.21%

Sole

45.74K

Shared

0.00

None

0.00

PELOTON INTERACTIVE INC

SOLE

CL A COM

Shares337.09K

TypeSH

Market value$2.72M

0.89%

Sole

337.09K

Shared

0.00

None

0.00

EGAIN CORP

SOLE

COM NEW

Shares231.62K

TypeSH

Market value$2.56M

0.83%

Sole

231.62K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
ESPERION THERAPEUTICS INC NESOLE	NOTE 4.000%11/1	41.03M	PRN	$32.54M 10.61%	41.03M
FIRST MAJESTIC SILVER CORPSOLE	NOTE 0.375% 1/1	23.50M	PRN	$24.44M 7.97%	23.50M
SSR MINING INSOLE	NOTE 2.500% 4/0	14.68M	PRN	$18.84M 6.14%	14.68M
OPKO HEALTH INCSOLE	NOTE 4.500% 2/1	14M	PRN	$18.53M 6.04%	14M
BANDWIDTH INCSOLE	NOTE 0.500% 4/0	21.70M	PRN	$18.34M 5.98%	21.70M
PAR TECHNOLOGY CORPSOLE	COM	291.54K	SH	$16.82M 5.48%	291.54K
BURFORD CAP LTDSOLE	ORD SHS	810K	SH	$16.74M 5.46%	810K
SANGOMA TECHNOLOGIES CORPSOLE	COM NEW	3.31M	SH	$14.03M 4.57%	3.31M
NUVEEN AMT FREE QLTY MUN INCSOLE	COM	909.80K	SH	$13.26M 4.32%	909.80K
NUVEEN QUALITY MUNCP INCOMESOLE	COM	850K	SH	$12.90M 4.20%	850K
NUVEEN MUNICIPAL CREDIT INCSOLE	COM SH BEN INT	757K	SH	$11.86M 3.86%	757K
NUVEEN AMT FREE MUN CR INC FSOLE	COM	508.87K	SH	$7.97M 2.60%	508.87K
DOCEBO INCSOLE	COM	117.82K	SH	$7.54M 2.46%	117.82K
KKR & CO INCSOLE	COM	57.02K	SH	$6.26M 2.04%	57.02K
MORGAN STANLEY EMERGING MKTSSOLE	COM	987.75K	SH	$6.10M 1.99%	987.75K
FORUM ENERGY TECHNOLOGIES INSOLE	COM	199.12K	SH	$5.85M 1.91%	199.12K
AVIAT NETWORKS INCSOLE	COM NEW	129.52K	SH	$5.61M 1.83%	129.52K
ZILLOW GROUP INCSOLE	CL C CAP STK	69.85K	SH	$5.36M 1.75%	69.85K
WESTERN ASSET EMERGING MKTSSOLE	COM	419.14K	SH	$5.12M 1.67%	419.14K
WESTERN AST INFL LKD OPP & ISOLE	COM	421.68K	SH	$4.84M 1.58%	421.68K
INTERACTIVE BROKERS GROUP INSOLE	COM CL A	38.14K	SH	$4.19M 1.37%	38.14K
TEXAS PACIFIC LAND CORPORATISOLE	COM	1.91K	SH	$3.97M 1.30%	1.91K
SS&C TECHNOLOGIES HLDGS INCSOLE	COM	45.74K	SH	$3.70M 1.21%	45.74K
PELOTON INTERACTIVE INCSOLE	CL A COM	337.09K	SH	$2.72M 0.89%	337.09K
EGAIN CORPSOLE	COM NEW	231.62K	SH	$2.56M 0.83%	231.62K

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