Filed: 5/15/2026ACC: 0001706164-26-000003
📋 What this filing means
PENDERFUND CAPITAL MANAGEMENT LTD. filed this quarterly 13F‑HR report disclosing 253 equity positions with a total reported market value of $638.55M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
253
Positions
$638.55M
Total AUM (reported)
440.98M
Total Shares
Allocation by class
COM$111.68M17.5%
NOTE 0.375% 1/1$54.44M8.5%
NOTE 3.625% 4/1$49.71M7.8%
NOTE 2.250% 6/1$37.99M6.0%
NOTE 4.500% 6/1$33.76M5.3%
NOTE 4.625%10/1$29.69M4.6%
NOTE 4.750%10/1$29.44M4.6%
Portfolio Concentration
Top 3$142.15M22.3%
4–10$201.50M31.6%
11–25$181.35M28.4%
Rest$113.55M17.8%
Top 3 weight
22.3%
Top 10 weight
53.8%
Voting Authority Distribution
Total shares with voting rights: 440.98M
Sole
Full voting authority
440.98M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole253
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings253
Rows:
FIRST MAJESTIC SILVER CORP
SOLEShares38.74M
TypePRN
Market value$54.44M
8.53%
Sole
38.74M
Shared
0.00
None
0.00
NORTHERN OIL & GAS INC
SOLEShares44.50M
TypePRN
Market value$49.71M
7.79%
Sole
44.50M
Shared
0.00
None
0.00
FLUENCE ENERGY INC
SOLEShares37.41M
TypePRN
Market value$37.99M
5.95%
Sole
37.41M
Shared
0.00
None
0.00
SOUTHERN CO
SOLEShares30M
TypePRN
Market value$33.76M
5.29%
Sole
30M
Shared
0.00
None
0.00
NIO INC
SOLEShares29.25M
TypePRN
Market value$29.69M
4.65%
Sole
29.25M
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares12.08M
TypePRN
Market value$29.44M
4.61%
Sole
12.08M
Shared
0.00
None
0.00
ABRDN PLATINUM ETF TRUST
SOLEShares160K
TypeSH
Market value$28.52M
4.47%
Sole
160K
Shared
0.00
None
0.00
DUKE ENERGY CORP NEW
SOLEShares25M
TypePRN
Market value$28.06M
4.39%
Sole
25M
Shared
0.00
None
0.00
NIO INC
SOLEShares25.18M
TypePRN
Market value$26.21M
4.10%
Sole
25.18M
Shared
0.00
None
0.00
PPL CAP FDG INC
SOLEShares22M
TypePRN
Market value$25.83M
4.04%
Sole
22M
Shared
0.00
None
0.00
EVOLENT HEALTH INC
SOLEShares42.02M
TypePRN
Market value$22.84M
3.58%
Sole
42.02M
Shared
0.00
None
0.00
WOLFSPEED INC
SOLEShares11.33M
TypePRN
Market value$16.30M
2.55%
Sole
11.33M
Shared
0.00
None
0.00
TEUCRIUM COMMODITY TR
SOLEShares804.30K
TypeSH
Market value$14.80M
2.32%
Sole
804.30K
Shared
0.00
None
0.00
CARDLYTICS INC
SOLEShares47.71M
TypePRN
Market value$13.52M
2.12%
Sole
47.71M
Shared
0.00
None
0.00
TELESAT CORP
SOLEShares371.15K
TypeSH
Market value$13.15M
2.06%
Sole
371.15K
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares812.50K
TypeSH
Market value$11.73M
1.84%
Sole
812.50K
Shared
0.00
None
0.00
MERITAGE HOMES CORP
SOLEShares12M
TypePRN
Market value$11.70M
1.83%
Sole
12M
Shared
0.00
None
0.00
SANGOMA TECHNOLOGIES CORP
SOLEShares2.82M
TypeSH
Market value$11.11M
1.74%
Sole
2.82M
Shared
0.00
None
0.00
MDA SPACE LTD
SOLEShares436.23K
TypeSH
Market value$11.05M
1.73%
Sole
436.23K
Shared
0.00
None
0.00
PAR TECHNOLOGY CORP
SOLEShares812.46K
TypeSH
Market value$10.83M
1.70%
Sole
812.46K
Shared
0.00
None
0.00
ESPERION THERAPEUTICS INC NE
SOLEShares3.89M
TypeSH
Market value$10.66M
1.67%
Sole
3.89M
Shared
0.00
None
0.00
OPKO HEALTH INC
SOLEShares7.31M
TypePRN
Market value$9.15M
1.43%
Sole
7.31M
Shared
0.00
None
0.00
WESTERN AST INFL LKD OPP & I
SOLEShares1.02M
TypeSH
Market value$8.66M
1.36%
Sole
1.02M
Shared
0.00
None
0.00
TXNM ENERGY INC
SOLEShares5.90M
TypePRN
Market value$7.98M
1.25%
Sole
5.90M
Shared
0.00
None
0.00
EVOLENT HEALTH INC
SOLEShares15.50M
TypePRN
Market value$7.87M
1.23%
Sole
15.50M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
FIRST MAJESTIC SILVER CORPSOLE | NOTE 0.375% 1/1 | 38.74M | PRN | $54.44M 8.53% | 38.74M | 0.00 | 0.00 |
NORTHERN OIL & GAS INCSOLE | NOTE 3.625% 4/1 | 44.50M | PRN | $49.71M 7.79% | 44.50M | 0.00 | 0.00 |
FLUENCE ENERGY INCSOLE | NOTE 2.250% 6/1 | 37.41M | PRN | $37.99M 5.95% | 37.41M | 0.00 | 0.00 |
SOUTHERN COSOLE | NOTE 4.500% 6/1 | 30M | PRN | $33.76M 5.29% | 30M | 0.00 | 0.00 |
NIO INCSOLE | NOTE 4.625%10/1 | 29.25M | PRN | $29.69M 4.65% | 29.25M | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | NOTE 4.750%10/1 | 12.08M | PRN | $29.44M 4.61% | 12.08M | 0.00 | 0.00 |
ABRDN PLATINUM ETF TRUSTSOLE | PHYSCL PLATM SHS | 160K | SH | $28.52M 4.47% | 160K | 0.00 | 0.00 |
DUKE ENERGY CORP NEWSOLE | NOTE 4.125% 4/1 | 25M | PRN | $28.06M 4.39% | 25M | 0.00 | 0.00 |
NIO INCSOLE | NOTE 3.875%10/1 | 25.18M | PRN | $26.21M 4.10% | 25.18M | 0.00 | 0.00 |
PPL CAP FDG INCSOLE | NOTE 2.875% 3/1 | 22M | PRN | $25.83M 4.04% | 22M | 0.00 | 0.00 |
EVOLENT HEALTH INCSOLE | NOTE 3.500%12/0 | 42.02M | PRN | $22.84M 3.58% | 42.02M | 0.00 | 0.00 |
WOLFSPEED INCSOLE | NOTE 2.500% 6/1 | 11.33M | PRN | $16.30M 2.55% | 11.33M | 0.00 | 0.00 |
TEUCRIUM COMMODITY TRSOLE | CORN FD SHS | 804.30K | SH | $14.80M 2.32% | 804.30K | 0.00 | 0.00 |
CARDLYTICS INCSOLE | NOTE 4.250% 4/0 | 47.71M | PRN | $13.52M 2.12% | 47.71M | 0.00 | 0.00 |
TELESAT CORPSOLE | CL A & CL B SHS | 371.15K | SH | $13.15M 2.06% | 371.15K | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | COM | 812.50K | SH | $11.73M 1.84% | 812.50K | 0.00 | 0.00 |
MERITAGE HOMES CORPSOLE | NOTE 1.750% 5/1 | 12M | PRN | $11.70M 1.83% | 12M | 0.00 | 0.00 |
SANGOMA TECHNOLOGIES CORPSOLE | COM NEW | 2.82M | SH | $11.11M 1.74% | 2.82M | 0.00 | 0.00 |
MDA SPACE LTDSOLE | COM | 436.23K | SH | $11.05M 1.73% | 436.23K | 0.00 | 0.00 |
PAR TECHNOLOGY CORPSOLE | COM | 812.46K | SH | $10.83M 1.70% | 812.46K | 0.00 | 0.00 |
ESPERION THERAPEUTICS INC NESOLE | COM | 3.89M | SH | $10.66M 1.67% | 3.89M | 0.00 | 0.00 |
OPKO HEALTH INCSOLE | NOTE 3.750% 1/1 | 7.31M | PRN | $9.15M 1.43% | 7.31M | 0.00 | 0.00 |
WESTERN AST INFL LKD OPP & ISOLE | COM | 1.02M | SH | $8.66M 1.36% | 1.02M | 0.00 | 0.00 |
TXNM ENERGY INCSOLE | NOTE 5.750% 6/0 | 5.90M | PRN | $7.98M 1.25% | 5.90M | 0.00 | 0.00 |
EVOLENT HEALTH INCSOLE | DEBT 4.500% 8/1 | 15.50M | PRN | $7.87M 1.23% | 15.50M | 0.00 | 0.00 |
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