PenderFund Capital Management Ltd.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 17, 2026), PenderFund Capital Management Ltd. reported 203 stock positions worth $222.1 million. Its top holding was Sangoma Technologies (SANG) at 7.5% of the portfolio, followed by Teucrium Wheat Fund (WEAT, 6.9%) and Par Technology (PAR, 6.4%). Compared with Q1 2026, it opened 59 new positions, sold out of 60, added to 76 and reduced 40. The biggest buy was a new position in Teucrium Wheat Fund (WEAT) and the biggest sale Abrdn Physical Platinum SHRS (PPLT, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001706164
- Portfolio Value
- $222.1M (Q2 2026)
- SEC Filing
- 0001706164-26-000005 ↗ filed Aug 17, 2026
Holdings Value
Holdings 203 stocks · $222.1M
| SANG Sangoma Technologies Corp. | 7.53% | 4,386,194 | $16.7M | Add +55.5% |
| WEAT Teucrium Wheat Fund | 6.90% | 696,000 | $15.3M | New |
| PAR Par Technology Corp. | 6.37% | 812,462 | $14.2M | No change |
| CORN Teucrium Corn Fund | 6.07% | 804,300 | $13.5M | No change |
| ESPR Esperion Therapeutics Inc. | 5.53% | 3,884,508 | $12.3M | Reduce -0.2% |
| PPLT Abrdn Physical Platinum SHRS | 5.09% | 800,000 | $11.3M | Reduce -50.0% |
| TSAT Telesat Corp. | 4.96% | 225,153 | $11.0M | Reduce -39.3% |
| WIW Western Asst Infl-LNK Opp | 3.78% | 998,747 | $8.4M | Reduce -2.4% |
| MDA Mda Space Ltd. | 3.42% | 183,588 | $7.6M | Reduce -57.9% |
| BMM Blue Moon Metals Inc. | 3.36% | 1,176,098 | $7.5M | Add +108.0% |
| EDD Morgan Stanley Emrg MRK Dom | 1.34% | 504,800 | $3.0M | Add +26.2% |
| HSLV Highlander Silver Corp. | 1.24% | 587,800 | $2.8M | No change |
| CART Maplebear Inc. | 1.20% | 56,068 | $2.7M | Add +0.1% |
| SARO Standardaero Inc. | 1.10% | 81,962 | $2.5M | Add +0.9% |
| SOYB Teucrium Soybean Fund | 1.10% | 100,000 | $2.4M | No change |
| KKR KKR & Co. Inc. | 1.10% | 26,540 | $2.4M | Reduce -9.5% |
| AGRO Adecoagro SA | 1.07% | 250,000 | $2.4M | No change |
| FLR Fluor Corp. | 1.07% | 45,374 | $2.4M | Add +0.5% |
| CP Canadian Pacific Kansas City | 1.05% | 27,000 | $2.3M | New |
| DLTR Dollar Tree Inc. | 1.01% | 18,634 | $2.3M | Add +0.6% |
| GNRC Generac Holdings Inc. | 1.00% | 7,570 | $2.2M | Reduce -30.2% |
| DECK Deckers Outdoor Corp. | 0.86% | 19,305 | $1.9M | Reduce -8.0% |
| ADUS Addus Homecare Corp. | 0.84% | 18,497 | $1.9M | Add +0.1% |
| NXE Nexgen Energy Ltd. | 0.83% | 196,400 | $1.8M | Reduce -25.3% |
| CLVT Clarivate PLC | 0.81% | 830,400 | $1.8M | Reduce -25.4% |
| STNE Stoneco Ltd. Class A | 0.77% | 157,200 | $1.7M | Add +57.2% |
| MSFT Microsoft Corp. | 0.66% | 3,900 | $1.5M | Add +69.6% |
| AMZN Amazon.com Inc. | 0.65% | 6,100 | $1.5M | New |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.63% | 17,642 | $1.4M | Add +0.2% |
| ISOU Isoenergy Ltd. | 0.63% | 139,300 | $1.4M | Reduce -4.1% |
| EVR Evercore Inc. Class A | 0.60% | 3,916 | $1.3M | Add +26.3% |
| SHOP Shopify Inc. Class A | 0.58% | 11,200 | $1.3M | Reduce -12.5% |
| MRVI Maravai Lifesciences Hldgs-A | 0.58% | 205,000 | $1.3M | No change |
| BN Brookfield Corp. | 0.56% | 29,310 | $1.3M | Reduce -17.7% |
| CPRT Copart Inc. | 0.56% | 43,900 | $1.2M | New |
| BELFA Bel Fuse Inc. Class A | 0.54% | 4,100 | $1.2M | Add +51.9% |
| AEM Agnico Eagle Mines Ltd. | 0.51% | 7,302 | $1.1M | New |
| GTLS Chart Industries Inc. | 0.51% | 5,400 | $1.1M | Add +74.2% |
| GS Goldman Sachs Group Inc. | 0.50% | 1,100 | $1.1M | New |
| ATS Ats Corp. | 0.49% | 37,700 | $1.1M | Add +88.5% |
| BAH Booz Allen Hamilton Holdings | 0.48% | 17,693 | $1.1M | Add +0.4% |
| BEP Brookfield Renewable Partner | 0.47% | 30,000 | $1.0M | No change |
| CVE Cenovus Energy Inc. | 0.45% | 40,000 | $992K | No change |
| APH Amphenol Corp. Class A | 0.44% | 5,600 | $987K | No change |
| BTE Baytex Energy Corp. | 0.44% | 242,300 | $972K | New |
| CAT Caterpillar Inc. | 0.43% | 900 | $958K | No change |
| HXL Hexcel Corp. | 0.41% | 9,121 | $913K | Reduce -29.3% |
| WRN Western Copper and Gold Corp. | 0.41% | 401,445 | $900K | Add +115.7% |
| XWIAX Western Asset Infl-Link Sec | 0.38% | 103,800 | $843K | No change |
| MKL Markel Group Inc. | 0.37% | 421 | $822K | Reduce -18.6% |
| DMII Drugs Made in America Acquis | 0.36% | 79,500 | $800K | Add +60.0% |
| GDOT Green Dot Corp. Class A | 0.36% | 59,100 | $798K | Add +22.9% |
| FTHAU Forefront Tech Holdings Acqu | 0.34% | 75,000 | $765K | New |
| USAS Americas Gold and Silver Cor | 0.34% | 160,100 | $757K | Add +499.6% |
| DHR Danaher Corp. | 0.34% | 3,946 | $752K | Reduce -16.0% |
| BIDU Baidu Inc. - Spon ADR | 0.33% | 6,500 | $743K | Reduce -14.5% |
| JHG Janus Henderson Group PLC | 0.33% | 13,900 | $722K | Add +59.8% |
| GSAT Globalstar Inc. | 0.32% | 8,700 | $707K | New |
| EVAC Eqv Ventures Acquisition C-A | 0.30% | 66,178 | $674K | Add +226.9% |
| SEM Select Medical Holdings Corp. | 0.30% | 40,600 | $670K | Add +41.5% |
| KRE SS SPDR S&P Regional Bank | 0.30% | 8,850 | $662K | New |
| HVMC Highview Merger Corp. Class A | 0.29% | 63,939 | $649K | Add +255.2% |
| WSR Whitestone REIT | 0.27% | 32,100 | $609K | New |
| OGN Organon & Co. | 0.27% | 44,900 | $608K | New |
| CCO Clear Channel Outdoor Holdin | 0.27% | 249,097 | $603K | Add +63.1% |
| TBRG Trubridge Inc. | 0.26% | 22,200 | $582K | New |
| NATL NCR Atleos Corp. | 0.26% | 13,200 | $573K | Add +23.4% |
| WENN Wen Acquisition Corp. Class A | 0.26% | 55,480 | $571K | Add +215.2% |
| MCAHU Mountain Crest Acquisition 6 | 0.25% | 55,200 | $561K | New |
| CPRX Catalyst Pharmaceuticals Inc. | 0.25% | 17,800 | $559K | New |
| KORE Kore Group Holdings Inc. | 0.25% | 60,284 | $556K | Add +15.5% |
| SOUL Soulpower Acquisition Co. Class A | 0.23% | 48,951 | $507K | Add +62.9% |
| WCN Waste Connections Inc. | 0.23% | 3,000 | $500K | No change |
| MBVI M3-Brigade Acquisition Class A | 0.22% | 48,564 | $492K | Add +367.6% |
| AFBI Affinity Bancshares Inc. | 0.22% | 21,450 | $485K | New |
| SZZL Sizzle Acquisition Corp. Class A | 0.21% | 46,080 | $478K | Add +5.6% |
| IAG Iamgold Corp. | 0.21% | 29,700 | $471K | New |
| TXNM TXNM Energy Inc. | 0.21% | 8,200 | $466K | Add +51.9% |
| WBD Warner Bros Discovery Inc. | 0.21% | 17,400 | $464K | Reduce -22.0% |
| WPM Wheaton Precious Metals Corp. | 0.19% | 3,700 | $416K | Reduce -50.0% |
| XENE Xenon Pharmaceuticals Inc. | 0.19% | 6,850 | $413K | No change |
| AVNS Avanos Medical Inc. | 0.19% | 16,600 | $413K | New |
| AES AES Corp. | 0.18% | 27,800 | $408K | Add +69.5% |
| TVAI Thayer Ventures Acquis Class A | 0.18% | 38,800 | $401K | Add +7.8% |
| KVACF Keen Vision Acquisition Corp. | 0.18% | 32,000 | $396K | New |
| XCBE X3 Acquisition Corp. Ltd. Class A | 0.18% | 39,202 | $392K | Add +161.3% |
| NPAC New Providence Acquisition-A | 0.18% | 37,600 | $390K | Add +196.1% |
| PACH Pioneer Acquisition I Class A | 0.18% | 38,172 | $390K | Add +151.1% |
| LPCV Launchpad Cadenza Acqui Class A | 0.18% | 39,013 | $389K | Add +680.3% |
| MKLY McKinley Acquisition Co. Class A | 0.17% | 38,243 | $388K | Add +156.7% |
| NOEM CO2 Energy Transition Corp. | 0.17% | 35,600 | $376K | New |
| LPRO Open Lending Corp. | 0.17% | 120,700 | $375K | New |
| PEN Penumbra Inc. | 0.17% | 1,170 | $369K | No change |
| NOW ServiceNow Inc. | 0.17% | 3,700 | $367K | No change |
| RAMP Liveramp Holdings Inc. | 0.16% | 9,700 | $365K | New |
| SORN Soren Acquisition Corp. Class A | 0.16% | 36,600 | $363K | Add +632.0% |
| IHS Ihs Holding Ltd. | 0.16% | 43,800 | $361K | Add +8.7% |
| TALK Talkspace Inc. | 0.16% | 69,300 | $360K | Add +87.8% |
| RTAC Renatus Tactical Acquisiti-A | 0.16% | 34,369 | $360K | Add +52.8% |
| BUR Burford Capital Ltd. | 0.16% | 86,920 | $356K | Reduce -82.5% |
Other holdings (28): bonds, preferreds, convertibles and warrants · $558.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 67,000,000 | $64.9M | Add +50.6% |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 47,410,000 | $60.9M | Add +26.7% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 38,740,000 | $48.4M | No change |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 50,000,000 | $44.8M | New |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 10,330,060 | $40.7M | Reduce -8.8% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 30,000,000 | $33.1M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 42,017,000 | $31.5M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 25,000,000 | $29.5M | Add +400.0% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 26,500,000 | $26.9M | Reduce -9.4% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 25,185,000 | $25.7M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 22,000,000 | $25.2M | No change |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 12,077,000 | $20.5M | No change |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 23,370,000 | $19.0M | Add +50.8% |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | 53,802,000 | $15.5M | Add +12.8% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 15,000,000 | $14.4M | Add +200.0% |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 8,491,000 | $12.8M | Add +16.1% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 12,000,000 | $12.5M | No change |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 9,260,000 | $10.2M | New |
| SOUTHERN CO (SO 3.25 06/15/28) | NOTE 3.250% 6/1 · principal | 10,000,000 | $10.1M | New |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 5,900,000 | $7.7M | No change |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | 3,353,000 | $3.6M | New |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 49,700 | $4K | No change |
| IACOW Idea Acquisition Corp.-30 | *W EXP 01/06/203 | 8,333 | $3K | No change |
| AACIW Armada Acquisition Corp. III | *W EXP 02/13/203 | 8,000 | $3K | No change |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 2,500 | $1K | New |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 4,990 | $1K | Reduce -0.2% |
| CAQUW Cambridge Acquisition Corp. | *W EXP 01/30/203 | 3,333 | $1K | No change |
| TMTSW Spartacus Acquisition Corp. I | *W EXP 01/30/203 | 1,666 | $870 | No change |
Total filed on the 13F, all lines: $780.1M.
Portfolio Sells Q1 2026 → Q2 2026
| PPLT Abrdn Physical Platinum SHRS | Reduce -50.0% | 5.09% | −8.07 |
| EQX Equinox Gold Corp. | Sold out | 0.00% | −5.42 |
| MDA Mda Space Ltd. | Reduce -57.9% | 3.42% | −1.68 |
| TSAT Telesat Corp. | Reduce -39.3% | 4.96% | −1.10 |
| BUR Burford Capital Ltd. | Reduce -82.5% | 0.16% | −0.88 |
| NXE Nexgen Energy Ltd. | Reduce -25.3% | 0.83% | −0.58 |
| CLVT Clarivate PLC | Reduce -25.4% | 0.81% | −0.49 |
| BGSI Boyd Group Services Inc. | Sold out | 0.00% | −0.41 |
| SSRM SSR Mining Inc. | Sold out | 0.00% | −0.29 |
| NATH Nathan's Famous Inc. | Reduce -70.9% | 0.11% | −0.29 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.28 |
| FOLD Amicus Therapeutics Inc. | Sold out | 0.00% | −0.27 |
| DAWN Day One Biopharmaceuticals I | Sold out | 0.00% | −0.27 |
| WPM Wheaton Precious Metals Corp. | Reduce -50.0% | 0.19% | −0.26 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.26 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.22 |
| WIW Western Asst Infl-LNK Opp | Reduce -2.4% | 3.78% | −0.22 |
| MCHP Microchip Technology Inc. | Reduce -94.9% | 0.02% | −0.21 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.21 |
| KW Kennedy-Wilson Holdings Inc. | Sold out | 0.00% | −0.21 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.20 |
| GDEN Golden Entertainment Inc. | Sold out | 0.00% | −0.18 |
| WBS Webster Financial Corp. | Sold out | 0.00% | −0.18 |
| GLDD Great Lakes Dredge & Dock Co. | Sold out | 0.00% | −0.18 |
| PKST Peakstone Realty Trust | Sold out | 0.00% | −0.16 |
| SEMR Semrush Holdings Inc. Class A | Sold out | 0.00% | −0.16 |
| BLFY Blue Foundry Bancorp | Sold out | 0.00% | −0.16 |
| KKR KKR & Co. Inc. | Reduce -9.5% | 1.10% | −0.16 |
| LPAA Launch One Acquisition Corp. | Sold out | 0.00% | −0.16 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.15 |
| AZN Astrazeneca PLC | Sold out | 0.00% | −0.15 |
| FONR Fonar Corp. | Sold out | 0.00% | −0.15 |
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −0.15 |
| ONTF ON24 Inc. | Sold out | 0.00% | −0.14 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.14 |
| DHIL Diamond Hill Investment Grp | Sold out | 0.00% | −0.14 |
| PRA Proassurance Corp. | Sold out | 0.00% | −0.13 |
| JBL Jabil Inc. | Reduce -90.6% | 0.02% | −0.13 |
| VCIC Vine Hill Capital Class A | Sold out | 0.00% | −0.13 |
| SHOP Shopify Inc. Class A | Reduce -12.5% | 0.58% | −0.12 |
| IACOU Idea Acquisition Corp. | Reduce -98.2% | 0.00% | −0.11 |
| LSTA Lisata Therapeutics Inc. | Sold out | 0.00% | −0.11 |
| FAC Factorial Energy Inc. | Sold out | 0.00% | −0.11 |
| BLUW Blue Water Acquisition C-A | Sold out | 0.00% | −0.11 |
| DECK Deckers Outdoor Corp. | Reduce -8.0% | 0.86% | −0.11 |
| STKL Sunopta Inc. | Sold out | 0.00% | −0.11 |
| BN Brookfield Corp. | Reduce -17.7% | 0.56% | −0.10 |
| EHAB Enhabit Inc. | Sold out | 0.00% | −0.10 |
| THR Thermon Group Holdings Inc. | Sold out | 0.00% | −0.10 |
| VRE Veris Residential Inc. | Sold out | 0.00% | −0.10 |
Portfolio Buys Q1 2026 → Q2 2026
| WEAT Teucrium Wheat Fund | New | 6.90% | +6.90 |
| SANG Sangoma Technologies Corp. | Add +55.5% | 7.53% | +2.40 |
| BMM Blue Moon Metals Inc. | Add +108.0% | 3.36% | +1.67 |
| CP Canadian Pacific Kansas City | New | 1.05% | +1.05 |
| AMZN Amazon.com Inc. | New | 0.65% | +0.65 |
| CPRT Copart Inc. | New | 0.56% | +0.56 |
| AEM Agnico Eagle Mines Ltd. | New | 0.51% | +0.51 |
| GS Goldman Sachs Group Inc. | New | 0.50% | +0.50 |
| BTE Baytex Energy Corp. | New | 0.44% | +0.44 |
| EDD Morgan Stanley Emrg MRK Dom | Add +26.2% | 1.34% | +0.40 |
| FTHAU Forefront Tech Holdings Acqu | New | 0.34% | +0.34 |
| GSAT Globalstar Inc. | New | 0.32% | +0.32 |
| BELFA Bel Fuse Inc. Class A | Add +51.9% | 0.54% | +0.31 |
| KRE SS SPDR S&P Regional Bank | New | 0.30% | +0.30 |
| USAS Americas Gold and Silver Cor | Add +499.6% | 0.34% | +0.28 |
| WSR Whitestone REIT | New | 0.27% | +0.27 |
| OGN Organon & Co. | New | 0.27% | +0.27 |
| MSFT Microsoft Corp. | Add +69.6% | 0.66% | +0.26 |
| TBRG Trubridge Inc. | New | 0.26% | +0.26 |
| MCAHU Mountain Crest Acquisition 6 | New | 0.25% | +0.25 |
| CPRX Catalyst Pharmaceuticals Inc. | New | 0.25% | +0.25 |
| ATS Ats Corp. | Add +88.5% | 0.49% | +0.23 |
| CART Maplebear Inc. | Add +0.1% | 1.20% | +0.23 |
| AFBI Affinity Bancshares Inc. | New | 0.22% | +0.22 |
| GTLS Chart Industries Inc. | Add +74.2% | 0.51% | +0.21 |
| IAG Iamgold Corp. | New | 0.21% | +0.21 |
| EVAC Eqv Ventures Acquisition C-A | Add +226.9% | 0.30% | +0.21 |
| HVMC Highview Merger Corp. Class A | Add +255.2% | 0.29% | +0.21 |
| WRN Western Copper and Gold Corp. | Add +115.7% | 0.41% | +0.19 |
| AVNS Avanos Medical Inc. | New | 0.19% | +0.19 |
| KVACF Keen Vision Acquisition Corp. | New | 0.18% | +0.18 |
| EVR Evercore Inc. Class A | Add +26.3% | 0.60% | +0.17 |
| WENN Wen Acquisition Corp. Class A | Add +215.2% | 0.26% | +0.17 |
| MBVI M3-Brigade Acquisition Class A | Add +367.6% | 0.22% | +0.17 |
| NOEM CO2 Energy Transition Corp. | New | 0.17% | +0.17 |
| LPRO Open Lending Corp. | New | 0.17% | +0.17 |
| RAMP Liveramp Holdings Inc. | New | 0.16% | +0.16 |
| IACO Idea Acquisition Corp. Class-A | New | 0.16% | +0.16 |
| STEL Stellar Bancorp Inc. | New | 0.16% | +0.16 |
| AACB Artius II Acquisition Inc. Class A | New | 0.15% | +0.15 |
| FACT Fact II Acquisition Corp. | New | 0.15% | +0.15 |
| DTSQ DT Cloud Star Acquisition Co. | New | 0.15% | +0.15 |
| LPCV Launchpad Cadenza Acqui Class A | Add +680.3% | 0.18% | +0.15 |
| AACI Armada Acq Corp. III-A | New | 0.15% | +0.15 |
| SORN Soren Acquisition Corp. Class A | Add +632.0% | 0.16% | +0.14 |
| FSEA First Seacoast Bancorp Inc. | New | 0.14% | +0.14 |
| SARO Standardaero Inc. | Add +0.9% | 1.10% | +0.14 |
| DMII Drugs Made in America Acquis | Add +60.0% | 0.36% | +0.13 |
| GBTG Global Business Travel Group | New | 0.13% | +0.13 |
| CAIIU Collective Acquisition Corp. | New | 0.13% | +0.13 |
Notes & Other Activity Q1 2026 → Q2 2026
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +50.6% | 67,000,000 | $64.9M |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | Add +26.7% | 47,410,000 | $60.9M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | New | 50,000,000 | $44.8M |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | Reduce -8.8% | 10,330,060 | $40.7M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +400.0% | 25,000,000 | $29.5M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 25,000,000 | $28.1Mbefore exit |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Reduce -9.4% | 26,500,000 | $26.9M |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | Add +50.8% | 23,370,000 | $19.0M |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | Add +12.8% | 53,802,000 | $15.5M |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Add +200.0% | 15,000,000 | $14.4M |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | Add +16.1% | 8,491,000 | $12.8M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | New | 9,260,000 | $10.2M |
| SOUTHERN CO (SO 3.25 06/15/28) | NOTE 3.250% 6/1 · principal | New | 10,000,000 | $10.1M |
| SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) | NOTE 2.250% 7/1 · principal | Sold out | 6,000,000 | $5.3Mbefore exit |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | New | 3,353,000 | $3.6M |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | Sold out | 501,000 | $449Kbefore exit |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | Sold out | 9,143 | $7Kbefore exit |
| VHCPW Vine Hill Capital Investment | *W EXP 11/25/203 | Sold out | 8,332 | $3Kbefore exit |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | Sold out | 8,660 | $3Kbefore exit |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | Sold out | 9,000 | $3Kbefore exit |
| XCBEW X3 Acquisition Corp. Ltd. | *W EXP 12/19/203 | Sold out | 7,500 | $2Kbefore exit |
| MKLYR McKinley Acquisition Corp. | RIGHT 07/25/2030 | Sold out | 14,900 | $2Kbefore exit |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | Sold out | 3,333 | $1Kbefore exit |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | Sold out | 2,000 | $1Kbefore exit |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | Sold out | 3,461 | $1Kbefore exit |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 2,500 | $1K |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | Reduce -0.2% | 4,990 | $1K |
| ITHAW Ithax Acquisition Corp. III | *W EXP 11/17/203 | Sold out | 5,000 | $1Kbefore exit |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | Sold out | 3,332 | $1Kbefore exit |
| CRANR Crane Harbor Acquisition-RTS | RIGHT 12/09/2030 | Sold out | 5,000 | $919before exit |
| SCPQW Social Commerce Partner - 30 | *W EXP 02/13/203 | Sold out | 2,500 | $775before exit |
| AEAQW Activate Energy Acquisition | *W EXP 11/10/203 | Sold out | 2,500 | $762before exit |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | Sold out | 1,250 | $738before exit |
| IRHOR Iron Horse Acquisiti- Rights | RIGHT 07/11/2030 | Sold out | 5,000 | $675before exit |
| LFACW Leapfrog Acquisition Corp. | *W EXP 11/10/203 | Sold out | 2,500 | $638before exit |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | Sold out | 1,250 | $556before exit |
| SORNW Soren Acquisition Corp. | *W EXP 12/19/203 | Sold out | 1,666 | $533before exit |
| ALOVW Aldabra 4 Liquidity Opportun | *W EXP 12/23/203 | Sold out | 1,666 | $501before exit |
| ADACW American Dr Acq A -30 | *W EXP 02/06/203 | Sold out | 1,666 | $500before exit |
| LPCVW Launchpad Cadenza Acquisitio | *W EXP 12/15/203 | Sold out | 1,666 | $375before exit |
| OTGAW Otg Acquisition Corp. I - 30 | *W EXP 09/05/203 | Sold out | 1,250 | $344before exit |
| MLAAW Mountain Lake Acquisition Co. | *W EXP 99/99/999 | Sold out | 2,500 | $325before exit |
| CCXIW Churchill Capital Corp. Xi | *W EXP 12/10/203 | Sold out | 250 | $181before exit |
| MMTXW Miluna Acquisition Corp. | *W EXP 09/29/203 | Sold out | 1,406 | $176before exit |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | Sold out | 2,500 | $28before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 203 | $222.1M | SANG, WEAT, PAR, CORN, ESPR |
| Q1 2026 | 204 | $216.7M | PPLT, CORN, TSAT, EQX, SANG |
| Q4 2025 | 193 | $260.5M | PPLT, EQUINOX GOLD CORP (EQXCN 4.75 10/15/28), ESPR, SLV, TSAT |
| Q3 2025 | 178 | $258.6M | PPLT, EQX, ESPR, PAR, TEUCRIUM WHEAT FUND |
| Q2 2025 | 131 | $179.3M | PPLT, SANG, PAR, BUR, WIW |
| Q1 2025Amended | 112 | $281.4M | FROG, CPA, TBNK, HXL, FET |
| Q4 2024 | 107 | $223.4M | SANG, PPLT, PAR, BUR, WIW |
| Q3 2024 | 119 | $193.3M | SANG, PAR, PPLT, BUR, WIW |
| Q2 2024 | 110 | $170.1M | SANG, PAR, BUR, NAD, PPLT |
| Q1 2024 | 98 | $197.1M | SANG, BUR, PAR, XEMDX, NAD |