PenderFund Capital Management Ltd.

Name: PenderFund Capital Management Ltd.: Form 13F holdings for the quarter ended 2026-06-30
Creator: Listed

An institutional investment manager in VANCOUVER. Its Form 13F for the quarter ended Jun 30, 2026, filed Aug 17, 2026. SEC CIK 1706164.

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Reported value$780.1m
Positions231

Holdings: 231 positions

The filing on sec.gov

As filed, largest first. Reported value is what the manager stated for each position at the quarter end, in US dollars; it is filing data, not a price. Weight is the position's share of the total reported value. Changes compare with the 13F for the quarter ended 2026-03-31.

PenderFund Capital Management Ltd., holdings
Issuer	Class	CUSIP	Reported value$m	Weight	Shares	Change on the quarter before
Northern Oil & Gas Inc	NOTE 3.625% 4/1	665531AJ8	64.9	8.3%	$67,000,000 principal	Added+22,500,000
Fluence Energy Inc	NOTE 2.250% 6/1	34379VAB9	60.9	7.8%	$47,410,000 principal	Added+10,000,000
First Majestic Silver Corp	NOTE 0.375% 1/1	32076VAD5	48.4	6.2%	$38,740,000 principal	Unchanged
Vertex Inc	NOTE 0.750% 5/0	92538JAB2	44.8	5.7%	$50,000,000 principal	New+50,000,000
Wolfspeed Inc	NOTE 2.500% 6/1	977852AP7	40.7	5.2%	$10,330,060 principal	Reduced−1,000,000
Southern Co	NOTE 4.500% 6/1	842587DZ7	33.1	4.2%	$30,000,000 principal	Unchanged
Evolent Health Inc	NOTE 3.500%12/0	30050BAH4	31.5	4.0%	$42,017,000 principal	Unchanged
Alibaba Group HLDG Ltd	NOTE 0.500% 6/0	01609WBG6	29.5	3.8%	$25,000,000 principal	Added+20,000,000
NIO Inc	NOTE 4.625%10/1	62914VAK2	26.9	3.5%	$26,500,000 principal	Reduced−2,750,000
NIO Inc	NOTE 3.875%10/1	62914VAJ5	25.7	3.3%	$25,185,000 principal	Unchanged
PPL Cap FDG Inc	NOTE 2.875% 3/1	69352PAS2	25.2	3.2%	$22,000,000 principal	Unchanged
Equinox Gold Corp	NOTE 4.750%10/1	29446YAC0	20.5	2.6%	$12,077,000 principal	Unchanged
Evolent Health Inc	DEBT 4.500% 8/1	30050BAJ0	19.0	2.4%	$23,370,000 principal	Added+7,870,000
Sangoma Technologies CorpSANG	COM NEW	80100R408	16.7	2.1%	4,386,194	Added+1,565,261
Cardlytics Inc	NOTE 4.250% 4/0	14161WAD7	15.5	2.0%	$53,802,000 principal	Added+6,092,000
Teucrium Commodity TRBTCK	WHEAT FD	88166A870	15.3	2.0%	696,000	New+696,000
PAR Technology Corp	NOTE 1.500%10/1	698884AE3	14.4	1.8%	$15,000,000 principal	Added+10,000,000
PAR Technology CorpPAR	COM	698884103	14.2	1.8%	812,462	Unchanged
Teucrium Commodity TRBTCK	CORN FD SHS	88166A102	13.5	1.7%	804,300	Unchanged
Opko Health Inc	NOTE 3.750% 1/1	68375NAG8	12.8	1.6%	$8,491,000 principal	Added+1,180,000
Meritage Homes Corp	NOTE 1.750% 5/1	59001ABF8	12.5	1.6%	$12,000,000 principal	Unchanged
Esperion Therapeutics Inc Ne	COM	29664W105	12.3	1.6%	3,884,508	Reduced−7,418
Abrdn Platinum ETF TrustPPLT	PHYSCL PLATM SHS	003260106	11.3	1.4%	800,000	Added+640,000
Telesat CorpTSAT	CL A & CL B SHS	879512309	11.0	1.4%	225,153	Reduced−146,000
Irhythm Holdings Inc	NOTE 1.500% 9/0	450056AB2	10.2	1.3%	$9,260,000 principal	New+9,260,000
Southern Co	NOTE 3.250% 6/1	842587ED5	10.1	1.3%	$10,000,000 principal	New+10,000,000
Western Ast Infl LKD Opp & IWIW	COM	95766R104	8.4	1.1%	998,747	Reduced−24,450
TXNM Energy Inc	NOTE 5.750% 6/0	69349HAF4	7.7	1.0%	$5,900,000 principal	Unchanged
MDA Space LtdMDA	COM	55293N109	7.6	1.0%	183,588	Reduced−252,644
Blue Moon Metals IncBMM	COM	09570Q509	7.5	1.0%	1,176,098	Added+610,800
Omnicell Com	NOTE 1.000%12/0	68213NAF6	3.6	0.5%	$3,353,000 principal	New+3,353,000
Morgan Stanley Emerging MKTSEDD	COM	617477104	3.0	0.4%	504,800	Added+104,800
Highlander Silver CorpHSLV	COM	43087N204	2.8	0.4%	587,800	Unchanged
Maplebear IncCART	COM	565394103	2.7	0.3%	56,068	Added+53
Standardaero IncSARO	COM	85423L103	2.5	0.3%	81,962	Added+712
Teucrium Commodity TRBTCK	SOYBEAN FD	88166A607	2.4	0.3%	100,000	Unchanged
KKR & Co IncKKR	COM	48251W104	2.4	0.3%	26,540	Reduced−2,800
Adecoagro S a	COM	L00849106	2.4	0.3%	250,000	Unchanged
Fluor CorpFLR	COM	343412102	2.4	0.3%	45,374	Added+234
Canadian Pacific Kansas CityCP	COM	13646K108	2.3	0.3%	27,000	New+27,000
Dollar Tree IncDLTR	COM	256746108	2.3	0.3%	18,634	Added+104
Generac Holdings IncGNRC	COM	368736104	2.2	0.3%	7,570	Reduced−3,280
Deckers Outdoor CorpDECK	COM	243537107	1.9	0.2%	19,305	Reduced−1,676
Addus Homecare CorpADUS	COM	006739106	1.9	0.2%	18,497	Added+22
Nexgen Energy LtdNXE	COM	65340P106	1.8	0.2%	196,400	Reduced−66,600
Clarivate plc	ORD SHS	G21810109	1.8	0.2%	830,400	Reduced−283,200
Stoneco Ltd	COM CL A	G85158106	1.7	0.2%	157,200	Added+57,200
Microsoft CorpMSFT	COM	594918104	1.5	0.2%	3,900	Added+1,600
Amazon Com IncAMZN	COM	023135106	1.5	0.2%	6,100	New+6,100
International Flavors&FragraIFF	COM	459506101	1.4	0.2%	17,642	Added+30
Isoenergy LtdISOU	COM NEW	46500E867	1.4	0.2%	139,300	Reduced−5,900
Evercore IncEVR	CLASS A	29977A105	1.3	0.2%	3,916	Added+816
Shopify IncSHOP	CL A SUB VTG SHS	82509L107	1.3	0.2%	11,200	Reduced−1,600
Maravai Lifesciences Holdings IMRVI	COM CL A	56600D107	1.3	0.2%	205,000	Unchanged
Brookfield CorpBN	CL A LTD VT SH	11271J107	1.3	0.2%	29,310	Reduced−6,300
Copart IncCPRT	COM	217204106	1.2	0.2%	43,900	New+43,900
BEL Fuse IncBELFA	CL A	077347201	1.2	0.2%	4,100	Added+1,400
Agnico Eagle Mines LtdAEM	COM	008474108	1.1	0.1%	7,302	New+7,302
Chart Inds Inc	COM	16115Q308	1.1	0.1%	5,400	Added+2,300
Goldman Sachs Group IncGS	COM	38141G104	1.1	0.1%	1,100	New+1,100
ATS CorporationATS	COM	00217Y104	1.1	0.1%	37,700	Added+17,700
Booz Allen Hamilton HLDG CorBAH	CL A	099502106	1.1	0.1%	17,693	Added+73
Brookfield Renewable Energy	PARTNERSHIP UNIT	G16258108	1.0	0.1%	30,000	Unchanged
Cenovus Energy IncCVE	COM	15135U109	1.0	0.1%	40,000	Unchanged
Amphenol CorpAPH	CL A	032095101	1.0	0.1%	5,600	Unchanged
Baytex Energy CorpBTE	COM	07317Q105	1.0	0.1%	242,300	New+242,300
Caterpillar IncCAT	COM	149123101	1.0	0.1%	900	Unchanged
Hexcel Corp NewHXL	COM	428291108	0.9	0.1%	9,121	Reduced−3,777
Western Copper & Gold CorpWRN	COM	95805V108	0.9	0.1%	401,445	Added+215,300
Western Asset Inflt LNK Inc	COM SH BEN INT	95766Q106	0.8	0.1%	103,800	Unchanged
Markel Group IncMKL	COM	570535104	0.8	0.1%	421	Reduced−96
Drugs Made in Amer Acq II Co	USD ORD SHS	G2851K104	0.8	0.1%	79,500	Added+29,800
Green Dot CorpGDOT	CL A	39304D102	0.8	0.1%	59,100	Added+11,000
Forefront Technology Holding	UNIT 04/30/2031	G3624C122	0.8	<0.1%	75,000	New+75,000
Americas Gold and Silver CorUSAS	COM NEW	03062D803	0.8	<0.1%	160,100	Added+133,400
Danaher Corp DelDHR	COM	235851102	0.8	<0.1%	3,946	Reduced−754
Baidu IncBIDU	SPON ADR REP A	056752108	0.7	<0.1%	6,500	Reduced−1,100
Janus Henderson Group plc	ORD SHS	G4474Y214	0.7	<0.1%	13,900	Added+5,200
Globalstar IncGSAT	COM NEW	378973507	0.7	<0.1%	8,700	New+8,700
EQV Ventures Ac Corp. II	ORD SHS CL A	G3106Q102	0.7	<0.1%	66,178	Added+45,932
Select Med Holdings Corp	COM	81619Q105	0.7	<0.1%	40,600	Added+11,900
SPDR Series Trust	ST STR SP REGBNK	78464A698	0.7	<0.1%	8,850	New+8,850
Highview Merger Corp	ORD SH CL A	G4569C101	0.6	<0.1%	63,939	Added+45,939
Whitestone REIT	COM	966084204	0.6	<0.1%	32,100	New+32,100
Organon & CoOGN	COMMON STOCK	68622V106	0.6	<0.1%	44,900	New+44,900
Clear Channel Outdoor Holdings	COM	18453H106	0.6	<0.1%	249,097	Added+96,397
Trubridge Inc	COM	205306103	0.6	<0.1%	22,200	New+22,200
NCR Atleos CorporationNATL	COM SHS	63001N106	0.6	<0.1%	13,200	Added+2,500
WEN Acquisition Corp	COM CL A	G9R39C103	0.6	<0.1%	55,480	Added+37,880
Mountain Crest Acquisition 6	UNIT 04/03/2031	G62980126	0.6	<0.1%	55,200	New+55,200
Catalyst Pharmaceuticals Inc	COM	14888U101	0.6	<0.1%	17,800	New+17,800
Kore Group Holdings Inc	COM NEW	50066V305	0.6	<0.1%	60,284	Added+8,100
Soulpower Acquisition Corp	USD CL A ORD SHS	G82745103	0.5	<0.1%	48,951	Added+18,900
Waste Connections IncWCN	COM	94106B101	0.5	<0.1%	3,000	Unchanged
M3-BRIGADE Acquisition VI Co	ORD SHS CL A	G63221108	0.5	<0.1%	48,564	Added+38,177
Affinity Bancshares Inc	COM	00832E103	0.5	<0.1%	21,450	New+21,450
Sizzle Acquisition Corp. II	USD CL A ORD SHS	G8193F109	0.5	<0.1%	46,080	Added+2,438
Iamgold CorpIAG	COM	450913108	0.5	<0.1%	29,700	New+29,700
TXNM Energy IncTXNM	COM	69349H107	0.5	<0.1%	8,200	Added+2,800
Warner Bros Discovery Inc	COM SER A	934423104	0.5	<0.1%	17,400	Reduced−4,900
Wheaton Precious Metals CorpWPM	COM	962879102	0.4	<0.1%	3,700	Reduced−3,700
Xenon Pharmaceuticals IncXENE	COM	98420N105	0.4	<0.1%	6,850	Unchanged
Avanos Med Inc	COM	05350V106	0.4	<0.1%	16,600	New+16,600
AES CorpAES	COM	00130H105	0.4	<0.1%	27,800	Added+11,400
Thayer Ventures Acq Corp II	CL A	G87890102	0.4	<0.1%	38,800	Added+2,800
Keen Vision Acquisition Corp	SHS	G52443119	0.4	<0.1%	32,000	New+32,000
X3 Acquisition Corp Ltd	ORD SHS CL A	G9831H101	0.4	<0.1%	39,202	Added+24,202
New Providence Acquisition C	USD CL A ORD SHS	G6476A102	0.4	<0.1%	37,600	Added+24,900
Pioneer Acquisition I Corp	CL A ORD SHS	G7117W107	0.4	<0.1%	38,172	Added+22,972
Launchpad Cadenza Acqu Corp	USD CL A ORD SHS	G6001S107	0.4	<0.1%	39,013	Added+34,013
McKinley Acquisition Corp	SHS CL A	G6005T101	0.4	<0.1%	38,243	Added+23,343
CO2 Energy Transition CorpNOEM	COM	12664M103	0.4	<0.1%	35,600	New+35,600
Open Lending Corp	COM	68373J104	0.4	<0.1%	120,700	New+120,700
Penumbra IncPEN	COM	70975L107	0.4	<0.1%	1,170	Unchanged
Servicenow IncNOW	COM	81762P102	0.4	<0.1%	3,700	Unchanged
Liveramp Holdings IncRAMP	COM	53815P108	0.4	<0.1%	9,700	New+9,700
Soren Acquisition Corp	USD CL A ORD SHS	G8274J103	0.4	<0.1%	36,600	Added+31,600
IHS Holding Limited	ORD SHS	G4701H109	0.4	<0.1%	43,800	Added+3,500
Talkspace Inc	COM	87427V103	0.4	<0.1%	69,300	Added+32,400
Renatus Tactical Acquis	SHS CL A	G7490F101	0.4	<0.1%	34,369	Added+11,869
Burford Capital Limited	ORD SHS	G17977110	0.4	<0.1%	86,920	Reduced−411,070
Idea Acquisition Corp	ORD SHS CL A	G4727U100	0.3	<0.1%	35,000	New+35,000
Stellar Bancorp Inc	COM	858927106	0.3	<0.1%	8,800	New+8,800
Artius II Acquisition Inc	SHS CL A	G0509J115	0.3	<0.1%	32,500	New+32,500
Fact II Acquisition Corp	ORD SHS CL A	G32901103	0.3	<0.1%	31,900	New+31,900
DT Cloud Star Acquisition Co	SHS	G2853N106	0.3	<0.1%	30,103	New+30,103
Chenghe Acquisition III Co	ORD SHS CL A	G2086N105	0.3	<0.1%	33,357	Added+23,357
Vine Hill Cap Invts Corp II	CL A	G9709D109	0.3	<0.1%	33,900	Added+8,900
Armada Acquisition Corp III	ORD SHS CL A	G0R38M101	0.3	<0.1%	33,900	New+33,900
Adobe IncADBE	COM	00724F101	0.3	<0.1%	1,500	Unchanged
Range Cap Acquisition Corp I	CL A ORD SHS	G7375J103	0.3	<0.1%	30,425	Added+13,105
First Seacoast Bancorp Inc	COM	33631F104	0.3	<0.1%	17,822	New+17,822
Solarius Capital Acqu Corp	SHS CL A	G82617104	0.3	<0.1%	28,771	Added+3,371
Brighthouse Finl IncBHF	COM	10922N103	0.3	<0.1%	4,600	Added+1,500
Global Business Travel Group	COM CL A	37890B100	0.3	<0.1%	30,900	New+30,900
Collective Acquisition Corp	UNIT 04/27/2031	G22741121	0.3	<0.1%	28,300	New+28,300
Titan Acquisition Corp	CL A	G8901A103	0.3	<0.1%	26,280	Reduced−10,320
Bain Cap GSS Invt Corp	ORD CL A	G0R78B106	0.3	<0.1%	26,600	Added+16,600
Integra Res CorpITRG	COM	45826T509	0.3	<0.1%	120,000	Unchanged
Digital Asset Acquisition Co	SHS CL A	G2868C103	0.3	<0.1%	25,500	New+25,500
Silicon Laboratories IncSLAB	COM	826919102	0.3	<0.1%	1,200	Added+200
Iron Horse Acquisit II CorpIRHO	COM	46283H103	0.3	<0.1%	25,800	Added+20,800
Nathans Famous IncNATH	COM	632347100	0.3	<0.1%	2,500	Reduced−6,100
Elme CommunitiesELME	SH BEN INT	939653101	0.2	<0.1%	167,400	New+167,400
Digitalbridge Group Inc	CL A NEW	25401T603	0.2	<0.1%	15,700	Reduced−14,000
NSTS Bancorp Inc	COM	6293JP109	0.2	<0.1%	17,826	New+17,826
Taylor Morrison Home Corp	COM	87724P106	0.2	<0.1%	3,400	New+3,400
Sila Realty Trust Inc	COMMON STOCK	146280508	0.2	<0.1%	7,898	New+7,898
Wolfspeed IncWOLF	COMMON STOCK	97785W106	0.2	<0.1%	4,940	Reduced−19,950
Trailblazer Acquisition Corp	ORD SHS CL A	G9009S103	0.2	<0.1%	23,458	Added+13,458
IntuitINTU	COM	461202103	0.2	<0.1%	900	Unchanged
Mountain Lake Acquisit Corp	USD CL A ORD SHS	G6301L109	0.2	<0.1%	23,400	Added+18,400
Valaris Ltd	CL A	G9460G101	0.2	<0.1%	3,200	New+3,200
Crane HBR Acquisition Corp I	ORD SHS CL A	G25014104	0.2	<0.1%	22,900	Added+17,900
D. Boral Arc Acq I Corp.	SHS CL A	G2616F101	0.2	<0.1%	21,400	Reduced−8,000
RRE Ventures Acquisition Cor	UNIT 04/22/2031	G770AL111	0.2	<0.1%	22,000	New+22,000
Xoma Royalty Corporation	COM NEW	98419J206	0.2	<0.1%	5,200	New+5,200
Modiv Industrial Inc	COM STK CL C	60784B101	0.2	<0.1%	12,350	New+12,350
HCM III Acquisition Corp	ORD SHS CL A	G4365E103	0.2	<0.1%	19,600	Added+12,400
Social Comm Partners Corp	ORD SHS CL A	G8254P103	0.2	<0.1%	19,952	Added+14,952
Fifth Era Acquisition Corp I	ORD SHS CL A	G3415K101	0.2	<0.1%	18,861	Added+10,661
Galata Acquisition Corp II	ORD SHS CL A	G3R25N108	0.2	<0.1%	19,175	Added+9,175
Northwestern Energy Group inNWE	COM NEW	668074305	0.2	<0.1%	2,700	Reduced−200
International Money ExpressIMXI	COM	46005L101	0.2	<0.1%	12,316	Reduced−2,784
American Drive Acquisition C	USD CL A ORD SHS	G0R91M105	0.2	<0.1%	16,651	Added+11,651
Republic Digital Acquisition	USD CL A ORD SHS	G7515A103	0.2	<0.1%	15,500	Added+4,900
Leapfrog Acquisition Corp	CL A ORD SHS	G5414D103	0.1	<0.1%	14,688	Added+9,688
OTG Acquisition Corp. I	ORD CL A	G6791A100	0.1	<0.1%	13,600	Added+11,100
Inflection PT Acquisition Co	CL A ORD SHS	G47875102	0.1	<0.1%	13,000	Added+8,000
Cambridge Acquisition Corp	USD CL A ORD SHS	G1871M108	0.1	<0.1%	13,400	New+13,400
ZIM Integrated Shipping Serv	SHS	M9T951109	0.1	<0.1%	5,100	Reduced−4,800
Metals Rty Co IncTMCR	COM SHS	591322102	0.1	<0.1%	17,600	New+17,600
Simulations Plus Inc	COM	829214105	0.1	<0.1%	6,700	New+6,700
Emerald Holding Inc	COM	29103W104	0.1	<0.1%	22,400	New+22,400
Cantor Equity Partners IV in	SHS CL A	G1828E100	0.1	<0.1%	10,345	Added+345
Duke Energy Corp NewDUK	COM NEW	26441C204	0.1	<0.1%	808	New+808
Aldabra 4 Lqdty Opp Veh Inc	CL A ORD SHS	G01900102	0.1	<0.1%	9,600	Added+4,600
Greenfire Res Ltd NewGFR	COM SHS	39525U107	0.1	<0.1%	16,700	New+16,700
Glass House Brands IncGLAS	SUB REG LTD VTG	377130406	0.1	<0.1%	7,200	New+7,200
Beyond Meat Inc	COM	08862E109	0.1	<0.1%	118,700	New+118,700
Monro IncMNRO	COM	610236101	0.1	<0.1%	5,000	Unchanged
Advisorshares TR	PURE US CANN ETF	00768Y453	0.1	<0.1%	16,200	Reduced−24,300
Armada Acquisition Corp III	UNIT 02/13/2031	G0R38M127	0.1	<0.1%	7,300	Reduced−8,700
1RT Acquisition Corp.	USD CL A ORD SHS	G6757R105	0.1	<0.1%	7,000	Added+2,000
Profound Med CorpPROF	COM NEW	74319B502	0.1	<0.1%	9,400	Unchanged
Regis CorporationRGS	COM SHS	758932206	0.1	<0.1%	2,200	New+2,200
Cantor Equity Partners VI in	CL A ORD SHS	G1828R101	0.1	<0.1%	5,000	Unchanged
Cantor Equity Partners V Inc	SHS CL A S	G1828S109	0.1	<0.1%	5,000	Unchanged
General Catalyst GBL Resil M	UNIT 04/13/2031	G3793T112	0.1	<0.1%	5,000	New+5,000
Cantor Equity Partners VII I	CL A ORD SHS	G1828W100	0.1	<0.1%	5,000	New+5,000
Spartacus Acquisition Corp I	CL A ORD SHS	G8303R100	0.1	<0.1%	5,000	New+5,000
Patriot Acquisition Corp	UNIT 05/11/2031	G6951A122	0.0	<0.1%	5,000	New+5,000
Rambus Inc DelRMBS	COM	750917106	0.0	<0.1%	350	Reduced−50
Mercury Genl Corp NewMCY	COM	589400100	0.0	<0.1%	413	Added+23
Jabil IncJBL	COM	466313103	0.0	<0.1%	113	Reduced−1,094
Western Alliance BancorpWAL	COM	957638109	0.0	<0.1%	529	New+529
Watts Water Technologies IncWTS	CL A	942749102	0.0	<0.1%	111	New+111
Modine MFG CoMOD	COM	607828100	0.0	<0.1%	159	Reduced−51
Copa Holdings SA	CL A	P31076105	0.0	<0.1%	270	Reduced−1,830
Euronet Worldwide IncEEFT	COM	298736109	0.0	<0.1%	571	Added+131
Lauder Estee Cos IncEL	CL A	518439104	0.0	<0.1%	529	Added+29
LSI Inds Inc OhioLYTS	COM	50216C108	0.0	<0.1%	1,547	Reduced−8,598
Verisign IncVRSN	COM	92343E102	0.0	<0.1%	160	Added+5
ERO Copper CorpERO	COM	296006109	0.0	<0.1%	1,450	Reduced−6,420
Antero Resources CorpAR	COM	03674X106	0.0	<0.1%	1,037	Added+337
Microchip Technology Inc.MCHP	COM	595017104	0.0	<0.1%	397	Reduced−7,338
Uranium Energy CorpUEC	COM	916896103	0.0	<0.1%	3,300	Unchanged
Itron IncITRI	COM	465741106	0.0	<0.1%	402	Added+22
Genpact Limited	SHS	G3922B107	0.0	<0.1%	1,196	Added+266
Fidelity Natl Finl IncFNF	COM SHS	31620R303	0.0	<0.1%	629	Reduced−2,065
Brookfield Business CorpBBUC	CL A SUB VTG SH	113006100	0.0	<0.1%	979	Added+54
Waters CorpWAT	COM	941848103	0.0	<0.1%	75	New+75
Cambridge Acquisition Corp	UNIT 01/30/2031	G1871M124	0.0	<0.1%	2,558	Reduced−7,442
Cooper Cos IncCOO	COM	216648501	0.0	<0.1%	317	Added+17
Miluna Acquisition Corp	USD CL A ORD SHS	G6180J100	0.0	<0.1%	1,410	Added+4
Avalanche Treas CorpAVAT	SHS CL A	05338N101	0.0	<0.1%	15,000	New+15,000
Atrium Therapeutics IncRNA	COM	04965N104	0.0	<0.1%	490	Unchanged
Idea Acquisition Corp	UNIT 01/06/2031	G4727U126	0.0	<0.1%	444	Reduced−24,556
Churchill Capital Corp IX	CL A SHS	G21301109	0.0	<0.1%	380	New+380
Drugs Made in Amer Acq II Co	RIGHT 09/16/2030	G2851K112	0.0	<0.1%	49,700	Unchanged
Idea Acquisition Corp	*W EXP 01/06/203	G4727U118	0.0	<0.1%	8,333	New+8,333
Armada Acquisition Corp III	*W EXP 02/13/203	G0R38M119	0.0	<0.1%	8,000	New+8,000
Encore Energy CorpEU	COM NEW	29259W700	0.0	<0.1%	1,716	Unchanged
Intercure Ltd	COM NEW	M549GJ111	0.0	<0.1%	1,977	Unchanged
Republic Digital Acquisition	*W EXP 05/01/203	G7515A129	0.0	<0.1%	2,500	New+2,500
Chenghe Acquisition III Co	*W EXP 09/09/203	G2086N121	0.0	<0.1%	4,990	Reduced−10
Cambridge Acquisition Corp	*W EXP 01/30/203	G1871M116	0.0	<0.1%	3,333	New+3,333
Spartacus Acquisition Corp I	*W EXP 01/30/203	G8303R118	0.0	<0.1%	1,666	New+1,666
Hudbay Minerals IncHBM	COM	443628102	0.0	<0.1%	8	New+8
HNI CorpHNI	COM	404251100	0.0	<0.1%	1	Unchanged
Fulton Finl Corp PaFULT	COM	360271100	0.0	<0.1%	1	New+1

Sold out: 91 positions

Held at the end of the quarter before and not reported this quarter.

PenderFund Capital Management Ltd., positions sold out
Issuer	Class	CUSIP	Weight	Shares	Change on the quarter before
1RT Acquisition Corp.	*W EXP 06/26/203	G6757R113	0.0%	0	Sold out−1,250
Activate Energy Acquisit Cor	CL A ORD SHS	G0081J103	0.0%	0	Sold out−5,000
Activate Energy Acquisit Cor	*W EXP 11/10/203	G0081J111	0.0%	0	Sold out−2,500
Air Lease Corp	CL A	00912X302	0.0%	0	Sold out−8,526
Aldabra 4 Lqdty Opp Veh Inc	*W EXP 12/23/203	G01900110	0.0%	0	Sold out−1,666
AMC Networks Inc	NOTE 4.250% 2/1	00164VAJ2	0.0%	$0 principal	Sold out−501,000
American Drive Acquisition C	*W EXP 02/06/203	G0R91M113	0.0%	0	Sold out−1,666
Amicus Therapeutic	COM	03152W109	0.0%	0	Sold out−41,100
Amplify ETF TR	ALTRNTV HARV ETF	032108474	0.0%	0	Sold out−3,600
Arcellx Inc	COMMON STOCK	03940C100	0.0%	0	Sold out−2,900
ARM Holdings plcARM	SPONSORED ADS	042068205	0.0%	0	Sold out−2,800
Astrazeneca plc	ORD	G0593M107	0.0%	0	Sold out−1,665
Bain Cap GSS Invt Corp	*W EXP 01/01/202	G0R78B114	0.0%	0	Sold out−2,000
Best Spac I Acquisition Corp	USD CL A ORD SHS	G1069P103	0.0%	0	Sold out−11,800
Blue Foundry Bancorp	COM	09549B104	0.0%	0	Sold out−25,796
Blue WTR Acquisition Corp. I	ORD SHS CL A	G1368E106	0.0%	0	Sold out−22,500
Boyd Group Services IncBGSI	COM	103310108	0.0%	0	Sold out−6,900
Cantor Equity Partners III I	SHS CL A	G1828A108	0.0%	0	Sold out−7,200
Cartesian Growth Corp III	COM CL A	G19307100	0.0%	0	Sold out−22,700
Cartesian Growth Corp III	*W EXP 05/02/203	G19307126	0.0%	0	Sold out−9,143
Churchill Cap Corp XI	*W EXP 12/10/203	G2131A116	0.0%	0	Sold out−250
Churchill Cap Corp XI	CL A ORD SHS	G2131A108	0.0%	0	Sold out−2,500
Clearwater Analytics Holdings I	CL A	185123106	0.0%	0	Sold out−12,800
Crane HBR Acquisition Corp I	RIGHT 12/09/2030	G25014112	0.0%	0	Sold out−5,000
CSG Sys International Inc	COM	126349109	0.0%	0	Sold out−4,000
DAY One Biopharmaceuticals I	COM	23954D109	0.0%	0	Sold out−26,800
Diamond Hill Invt Group Inc	COM NEW	25264R207	0.0%	0	Sold out−1,706
Duke Energy Corp New	NOTE 4.125% 4/1	26441CBY0	0.0%	$0 principal	Sold out−25,000,000
Enhabit Inc	COM	29332G102	0.0%	0	Sold out−15,800
Equinox Gold CorpEQX	COM	29446Y502	0.0%	0	Sold out−812,500
European Wax CTR Inc	CLASS A COM	29882P106	0.0%	0	Sold out−300
Factset Resh Sys IncFDS	COM	303075105	0.0%	0	Sold out−70
Figx Cap Acquisition Corp.	USD CL A ORD SHS	G3473K100	0.0%	0	Sold out−9,000
Fonar Corp	COM NEW	344437405	0.0%	0	Sold out−17,300
Futurecrest Acquisition Corp	*W EXP 09/30/203	G3730U115	0.0%	0	Sold out−1,250
Futurecrest Acquisition Corp	CL A ORD SHS	G3730U107	0.0%	0	Sold out−5,000
Galata Acquisition Corp II	*W EXP 09/12/203	G3R25N116	0.0%	0	Sold out−3,332
Gitlab IncGTLB	CLASS A COM	37637K108	0.0%	0	Sold out−3,000
Golden Entmt Inc	COM	381013101	0.0%	0	Sold out−14,855
Graf Global Corp	ORD SHS CL A	G4036C106	0.0%	0	Sold out−10,000
Great Lakes Dredge & Dock Co	COM	390607109	0.0%	0	Sold out−23,200
Highview Merger Corp	*W EXP 07/24/203	G4569C119	0.0%	0	Sold out−9,000
Hologic Inc	COM	436440101	0.0%	0	Sold out−8,000
Iron Horse Acquisit II CorpIRHO	RIGHT 07/11/2030	46283H129	0.0%	0	Sold out−5,000
Ithax Acquisition Corp III	USD CL A ORD SHS	G4977S102	0.0%	0	Sold out−10,000
Ithax Acquisition Corp III	*W EXP 11/17/203	G4977S110	0.0%	0	Sold out−5,000
Jfrog Ltd	ORD SHS	M6191J100	0.0%	0	Sold out−1,500
Kennedy-Wilson Holdings Inc	COM	489398107	0.0%	0	Sold out−42,200
Lanvin Group Holdings Limite	*W EXP 01/14/202	G5380J118	0.0%	0	Sold out−2,500
Launch One Acquisition Corp	SHS CLASS A	G5S86M100	0.0%	0	Sold out−31,400
Launchpad Cadenza Acqu Corp	*W EXP 12/15/203	G6001S115	0.0%	0	Sold out−1,666
Leapfrog Acquisition Corp	*W EXP 11/10/203	G5414D111	0.0%	0	Sold out−2,500
Lensar IncLNSR	COM	52634L108	0.0%	0	Sold out−33,381
Lightwave Acquisition Corp	USD CL A ORD SHS	G5490M100	0.0%	0	Sold out−10,196
Linkbancorp Inc	COM	53578P105	0.0%	0	Sold out−5,175
Lisata Therapeutics IncLSTA	COM	128058302	0.0%	0	Sold out−47,500
M3-BRIGADE Acquisition VI Co	*W EXP 08/18/203	G63221116	0.0%	0	Sold out−3,461
Mayfair Gold CorpMINE	COM NEW	57808L305	0.0%	0	Sold out−5,800
McKinley Acquisition Corp	RIGHT 07/25/2030	G6005T119	0.0%	0	Sold out−14,900
Miluna Acquisition Corp	*W EXP 09/29/203	G6180J118	0.0%	0	Sold out−1,406
Mister Car Wash Inc	COM	60646V105	0.0%	0	Sold out−28,400
Mountain Lake Acquisit Corp	*W EXP 01/21/203	G6301L117	0.0%	0	Sold out−2,500
ON24 Inc	COM	68339B104	0.0%	0	Sold out−37,500
Onestream Inc	CL A	68278B107	0.0%	0	Sold out−3,900
OTG Acquisition Corp. I	*W EXP 09/05/203	G6791A118	0.0%	0	Sold out−1,250
Oxley Bridge Acq Ltd	USD CL A ORD SHS	G6858G107	0.0%	0	Sold out−9,100
Paypal Holdings IncPYPL	COM	70450Y103	0.0%	0	Sold out−1,600
Peakstone Realty Trust	COMMON SHARES	39818P799	0.0%	0	Sold out−16,500
Perimeter Acquisition Corp I	COM CL A	G7010A129	0.0%	0	Sold out−8,000
Proassurance Corp	COM	74267C106	0.0%	0	Sold out−11,292
Range Cap Acquisition Corp I	*W EXP 09/29/203	G7375J111	0.0%	0	Sold out−8,660
Semrush Holdings Inc	CL A COM	81686C104	0.0%	0	Sold out−28,828
SIM Acquisition Corp. I	SHS CL A	G8431T101	0.0%	0	Sold out−20,400
Social Comm Partners Corp	*W EXP 02/13/203	G8254P111	0.0%	0	Sold out−2,500
Soren Acquisition Corp	*W EXP 12/19/203	G8274J111	0.0%	0	Sold out−1,666
Spartacus Acquisition Corp I	UNIT 01/30/2031	G8303R126	0.0%	0	Sold out−5,000
SSR Mining inSSRM	COM	784730103	0.0%	0	Sold out−21,594
Sunopta Inc	COM	8676EP108	0.0%	0	Sold out−35,277
Super Micro Computer Inc	NOTE 2.250% 7/1	86800UAD6	0.0%	$0 principal	Sold out−6,000,000
Talen Energy CorpTLN	COM	87422Q109	0.0%	0	Sold out−1,500
Thermon Group Holdings Inc	COM	88362T103	0.0%	0	Sold out−4,400
Trailblazer Acquisition Corp	*W EXP 09/30/203	G9009S111	0.0%	0	Sold out−3,333
Tredegar CorpTG	COM	894650100	0.0%	0	Sold out−11,200
TRI Pointe Homes Inc	COM	87265H109	0.0%	0	Sold out−9,900
United Sec Bancshares Calif	COM	911460103	0.0%	0	Sold out−8,300
Veris Residential Inc	COM	554489104	0.0%	0	Sold out−11,600
Vine Hill Cap Invt Corp.	ORD SHS CL A	G93Y09107	0.0%	0	Sold out−25,000
Vine Hill Cap Invts Corp II	*W EXP 11/25/203	G9709D117	0.0%	0	Sold out−8,332
Voyager Acquisition Corp	CL A	G93A7H104	0.0%	0	Sold out−7,900
Webster Finl Corp	COM	947890109	0.0%	0	Sold out−5,700
X3 Acquisition Corp Ltd	*W EXP 12/19/203	G9831H119	0.0%	0	Sold out−7,500

Source: SEC EDGAR, Form 13F-HR, accession 0001706164-26-000005 (on sec.gov). Last ingested by Listed: Oct 22, 2026, 05:26 ET. Listed shows no prices and gives no investment advice.