PenderFund Capital Management Ltd.

Q3 2025 13F-HR Holdings

Location
Vancouver, A1
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
207
Total value ($000)
$592,747
Net value change ($000)
+170,206 (40.3%)
New positions
89
Sold out positions
42
Turnover %
39.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EQX 43,085 NEW
CANE 14,303 NEW
ESPR 11,121 169.2%
TSAT 8,064 329.4%
PPLT 4,790 12.5%
DECK 2,421 9311.5%
SLV 2,390 29.1%
PSLV 2,301 28.3%
IFF 2,103 NEW
AGRO 1,960 NEW
Top Reduces (Value $000, Stocks/ETFs)
SANG -6,056 -30.2%
DCBO -4,403 -100.0%
ZG -3,485 -100.0%
FLYYQ -2,889 -100.0%
CLVT -1,778 -77.8%
BUR -1,713 -16.1%
MOH -1,064 -35.3%
MRVI -892 -42.5%
JNP -719 -100.0%
ELV -700 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type