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Penderfund Capital Management LTD.
PenderFund Capital Management Ltd. is an independent, employee-owned investment firm based in Vancouver, British Columbia, Canada. Founded in 2003, it employs approximately 80 professionals and offers a suite of differentiated mutual funds that invest in private and public equity, and fixed income. Pender serves individual investors, advisors, and institutions, aiming to protect and grow wealth by focusing on inefficient segments of the investment market. The firm is recognized for a talented team and a strong culture, highlighted by employee engagement.
Investment Strategy
PenderFund Capital Management Ltd. specializes in value-based investment strategies, targeting superior risk-adjusted returns for investors by actively managing funds across equity, fixed income, balanced, and liquid alternatives. The firm exploits inefficient areas of the investing universe, with a focus on early-stage investment in healthcare and technology, small-cap, special situations, and illiquid public and private companies. Their disciplined, research-driven approach seeks to protect capital and generate long-term growth, leveraging a small capital base and flexible structure to invest in unique situations.
Latest 13F Filing Activity
Penderfund Capital Management LTD. filed their most recent 13F report on Jun 30, 2025 disclosing 111 equity positions with a total 13F market value of $423M. The fund increased holdings in Abrdn Platinum Etf Trust, Sangoma Technologies Corp., Burford Cap LTD among other positions. Penderfund Capital Management LTD. reduced exposure to Jfrog LTD, Copa Holdings SA, Territorial Bancorp Inc. among others.
Top Holdings
Equity Positions (111)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PPLT | ABRDN PLATINUM ETF TRUST | 9.08% | $38.4M | 312,200 | $93.14 | $122.87 | +$28.2M |
| SANGOMA TECHNOLOGIES CORP | 4.75% | $20.1M | 3,237,333 | $12.69 | $8.44 | +$19.7M | |
P PAR | PAR TECHNOLOGY CORP | 3.10% | $13.1M | 188,909 | $38.26 | $69.37 | +$918.6K |
B BUR | BURFORD CAP LTD | 2.51% | $10.6M | 744,713 | $9.91 | $14.26 | +$10.6M |
W WIW | WESTERN AST INFL LKD OPP & I | 2.06% | $8.7M | 995,797 | $9.03 | $8.76 | +$8.2M |
Industry Allocation
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