DaveManuel.com · Institutional Ownership · 13F Holdings
PenderFund Capital Management Ltd.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NORTHERN OIL & GAS INC | $64.9M | 67,000,000 | +0.53pp | 4q | DEBT | ||
| FLUENCE ENERGY INC 2.25 06/15/2030 | $60.9M | 47,410,000 | +1.86pp | 3q | DEBT | ||
| FIRST MAJESTIC SILVER CORP | $48.4M | 38,740,000 | -2.32pp | 15q | DEBT | ||
| Vertex Inc 0.750 01-May-2029 | $44.8M | 50,000,000 | - | new | DEBT | ||
| WOLFSPEED INC | $40.7M | 10,330,060 | +2.66pp | 3q | DEBT | ||
| SOUTHERN CO | $33.1M | 30,000,000 | -1.04pp | 5q | DEBT | ||
| EVOLENT HEALTH INC | $31.5M | 42,017,000 | +0.46pp | 4q | DEBT | ||
| Alibaba Group Holding Limited | $29.5M | 25,000,000 | +2.70pp | 2q | DEBT | ||
| NIO INC | $26.9M | 26,500,000 | -1.20pp | 6q | DEBT | ||
| NIO INC | $25.7M | 25,185,000 | -0.81pp | 6q | DEBT | ||
| PPL CAP FDG INC | $25.2M | 22,000,000 | -0.82pp | 6q | DEBT | ||
| EQUINOX GOLD CORP | $20.5M | 12,077,000 | -1.98pp | 8q | DEBT | ||
| EVOLENT HEALTH INC | $19.0M | 23,370,000 | +1.21pp | 4q | DEBT | ||
| SANGOMA TECHNOLOGIES CORP | SANG | $16.7M | 4,386,194 | +0.40pp | 19q | +55.5%+$6.0M | |
| CARDLYTICS INC | $15.5M | 53,802,000 | -0.13pp | 5q | DEBT | ||
| TEUCRIUM COMMODITY TR | WEAT | $15.3M | 696,000 | - | new | NEW | |
| PAR TECHNOLOGY CORP 1.5 10/15/2027 | $14.4M | 15,000,000 | +1.11pp | 3q | DEBT | ||
| PAR TECHNOLOGY CORP | PAR | $14.2M | 812,462 | +0.12pp | 29q | HELD | |
| TEUCRIUM COMMODITY TR | CORN | $13.5M | 804,300 | -0.59pp | 2q | HELD | |
| OPKO HEALTH INC | $12.8M | 8,491,000 | +0.21pp | 6q | DEBT | ||
| MERITAGE HOMES CORP | $12.5M | 12,000,000 | -0.24pp | 2q | DEBT | ||
| ESPERION THERAPEUTICS INC NECOM | ESPR | $12.3M | 3,884,508 | -0.10pp | 6q | HELD | |
| ABRDN PLATINUM ETF TRUST | PPLT | $11.3M | 800,000 | -3.02pp | 10q | -50.0%-$11.3M | |
| TELESAT CORP | TSAT | $11.0M | 225,153 | -0.65pp | 5q | -39.3%-$7.1M | |
| IRHYTHM HOLDINGS INC | $10.2M | 9,260,000 | - | new | DEBT | ||
| SOUTHERN CO | $10.1M | 10,000,000 | - | new | DEBT | ||
| WESTERN AST INFL LKD OPP & I | WIW | $8.4M | 998,747 | -0.28pp | 18q | -2.4%-$205.4K | |
| TXNM ENERGY INC | $7.7M | 5,900,000 | -0.26pp | 5q | DEBT | ||
| MDA SPACE LTD | MDA | $7.6M | 183,588 | -0.76pp | 2q | -57.9%-$10.4M | |
| Blue Moon Metals Inc. | BMM | $7.5M | 1,176,098 | +0.38pp | 2q | +108.0%+$3.9M | |
| OMNICELL COM | $3.6M | 3,353,000 | - | new | DEBT | ||
| MORGAN STANLEY EMERGING MKTS | EDD | $3.0M | 504,800 | +0.06pp | 2q | +26.2%+$616.2K | |
| HIGHLANDER SILVER CORP | HSLV | $2.8M | 587,800 | -0.18pp | 2q | HELD | |
| MAPLEBEAR INC | CART | $2.7M | 56,068 | +0.01pp | 3q | HELD | |
| STANDARDAERO INC | SARO | $2.5M | 81,962 | -0.01pp | 3q | +0.9%+$21.3K | |
| TEUCRIUM COMMODITY TR | SOYB | $2.4M | 100,000 | -0.07pp | 2q | HELD | |
| KKR & CO INC | KKR | $2.4M | 26,540 | -0.11pp | 31q | -9.5%-$257.0K | |
| ADECOAGRO S A | AGRO | $2.4M | 250,000 | -0.28pp | 4q | HELD | |
| FLUOR CORP | FLR | $2.4M | 45,374 | -0.03pp | 7q | +0.5%+$12.3K | |
| CANADIAN PACIFIC KANSAS CITY | CP | $2.3M | 27,000 | - | new | NEW | |
| DOLLAR TREE INC | DLTR | $2.3M | 18,634 | -0.03pp | 8q | +0.6%+$12.6K | |
| GENERAC HLDGS INC | GNRC | $2.2M | 7,570 | -0.05pp | 2q | -30.2%-$960.4K | |
| DECKERS OUTDOOR CORP | DECK | $1.9M | 19,305 | -0.08pp | 5q | -8.0%-$166.4K | |
| ADDUS HOMECARE CORP | ADUS | $1.9M | 18,497 | -0.03pp | 5q | HELD | |
| NEXGEN ENERGY LTD | NXE | $1.8M | 196,400 | -0.24pp | 18q | -25.3%-$625.5K | |
| CLARIVATE PLC | CLVT | $1.8M | 830,400 | -0.21pp | 10q | -25.4%-$611.7K | |
| STONECO LTD | STNE | $1.7M | 157,200 | flat | 6q | +57.2%+$620.0K | |
| MICROSOFT CORP | MSFT | $1.5M | 3,900 | +0.05pp | 2q | +69.6%+$596.8K | |
| AMAZON COM INC | AMZN | $1.5M | 6,100 | - | new | NEW | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $1.4M | 17,642 | -0.02pp | 4q | HELD | |
| ISOENERGY LTD | ISOU | $1.4M | 139,300 | -0.06pp | 5q | -4.1%-$58.8K | |
| EVERCORE INC | EVR | $1.3M | 3,916 | +0.03pp | 4q | +26.3%+$278.6K | |
| SHOPIFY INC | SHOP | $1.3M | 11,200 | -0.07pp | 2q | -12.5%-$183.1K | |
| MARAVAI LIFESCIENCES HLDGS I | MRVI | $1.3M | 205,000 | +0.07pp | 7q | HELD | |
| BROOKFIELD CORP | BN | $1.3M | 29,310 | -0.07pp | 15q | -17.7%-$268.8K | |
| COPART INC | CPRT | $1.2M | 43,900 | - | new | NEW | |
| BEL FUSE INC | BELFA | $1.2M | 4,100 | +0.08pp | 3q | +51.9%+$407.7K | |
| AGNICO EAGLE MINES LTD | AEM | $1.1M | 7,302 | - | new | NEW | |
| CHART INDS INC | GTLS | $1.1M | 5,400 | +0.04pp | 4q | +74.2%+$480.6K | |
| GOLDMAN SACHS GROUP INC | GS | $1.1M | 1,100 | - | new | NEW | |
| ATS CORPORATION | ATS | $1.1M | 37,700 | +0.05pp | 4q | +88.5%+$510.2K | |
| BOOZ ALLEN HAMILTON HLDG COR | BAH | $1.1M | 17,693 | -0.08pp | 3q | HELD | |
| BROOKFIELD RENEWABLE ENERGY | BEP | $1.0M | 30,000 | -0.02pp | 4q | HELD | |
| CENOVUS ENERGY INC | CVE | $992.5K | 40,000 | -0.04pp | 4q | HELD | |
| AMPHENOL CORP | APH | $987.4K | 5,600 | +0.02pp | 2q | HELD | |
| BAYTEX ENERGY CORP | BTE | $972.1K | 242,300 | - | new | NEW | |
| CATERPILLAR INC | CAT | $958.4K | 900 | +0.02pp | 2q | HELD | |
| HEXCEL CORP NEW | HXL | $912.6K | 9,121 | -0.05pp | 8q | -29.3%-$377.9K | |
| WESTERN COPPER & GOLD CORP | WRN | $900.1K | 401,445 | +0.04pp | 4q | +115.7%+$482.7K | |
| WESTERN ASSET INFLT LNK INC | WIA | $842.9K | 103,800 | -0.02pp | 18q | HELD | |
| MARKEL GROUP INC | MKL | $822.2K | 421 | -0.05pp | 7q | -18.6%-$187.5K | |
| DRUGS MADE IN AMER ACQ II CO | DMII | $799.8K | 79,500 | +0.02pp | 2q | +60.0%+$299.8K | |
| GREEN DOT CORP | GDOT | $798.4K | 59,100 | +0.02pp | 3q | +22.9%+$148.6K | |
| FOREFRONT TECHNOLOGY HOLDING | FTHAU | $765.0K | 75,000 | - | new | NEW | |
| AMERICAS GOLD AND SILVER COR | USAS | $757.5K | 160,100 | +0.08pp | 4q | +499.6%+$631.1K | |
| DANAHER CORP DEL | DHR | $751.6K | 3,946 | -0.04pp | 5q | -16.0%-$143.6K | |
| BAIDU INC | BIDU | $742.9K | 6,500 | -0.04pp | 3q | -14.5%-$125.7K | |
| JANUS HENDERSON GROUP PLC | JHG | $722.1K | 13,900 | +0.02pp | 3q | +59.8%+$270.1K | |
| GLOBALSTAR INC | GSAT | $707.2K | 8,700 | - | new | NEW | |
| EQV VENTURES AC CORP. II O | EVAC | $673.7K | 66,178 | +0.05pp | 3q | +226.9%+$467.6K | |
| SELECT MED HLDGS CORP | SEM | $670.3K | 40,600 | +0.01pp | 2q | +41.5%+$196.5K | |
| SPDR SERIES TRUST | KRE | $662.4K | 8,850 | - | new | NEW | |
| HIGHVIEW MERGER CORP O | HVMC | $649.0K | 63,939 | +0.05pp | 2q | +255.2%+$466.3K | |
| WHITESTONE REIT | WSR | $608.6K | 32,100 | - | new | NEW | |
| ORGANON & CO | OGN | $607.9K | 44,900 | - | new | NEW | |
| CLEAR CHANNEL OUTDOOR HLDGS | CCO | $602.8K | 249,097 | +0.02pp | 2q | +63.1%+$233.3K | |
| TRUBRIDGE INC | TBRG | $581.9K | 22,200 | - | new | NEW | |
| NCR ATLEOS CORPORATION | NATL | $573.0K | 13,200 | flat | 2q | +23.4%+$108.5K | |
| WEN ACQUISITION CORP | WENN | $570.9K | 55,480 | +0.05pp | 3q | +215.2%+$389.8K | |
| MOUNTAIN CREST ACQUISITION 6 | MCAHU | $560.8K | 55,200 | - | new | NEW | |
| CATALYST PHARMACEUTICALS INC | CPRX | $559.5K | 17,800 | - | new | NEW | |
| KORE GROUP HLDGS INC | KORE | $556.4K | 60,284 | flat | 2q | +15.5%+$74.8K | |
| SOULPOWER | SOUL | $506.6K | 48,951 | +0.02pp | 3q | +62.9%+$195.6K | |
| WASTE CONNECTIONS INC | WCN | $500.0K | 3,000 | -0.01pp | 4q | HELD | |
| M3-BRIGADE ACQUISITION VI CO ORD SH | MBVI | $492.0K | 48,564 | +0.05pp | 2q | +367.5%+$386.7K | |
| AFFINITY BANCSHARES INC | AFBI | $484.8K | 21,450 | - | new | NEW | |
| SIZZLE ACQUISITION CORP. II | SZZL | $477.6K | 46,080 | -0.01pp | 3q | +5.6%+$25.3K | |
| IAMGOLD CORP | IAG | $471.4K | 29,700 | - | new | NEW | |
| TXNM ENERGY INC | TXNM | $465.6K | 8,200 | +0.01pp | 5q | +51.9%+$159.0K | |
| WARNER BROS DISCOVERY INC | WBD | $463.9K | 17,400 | -0.04pp | 3q | -22.0%-$130.6K | |
| WHEATON PRECIOUS METALS CORP | WPM | $416.2K | 3,700 | -0.10pp | 2q | -50.0%-$416.2K | |
| XENON PHARMACEUTICALS INC | XENE | $413.5K | 6,850 | -0.01pp | 4q | HELD | |
| AVANOS MED INC | AVNS | $413.0K | 16,600 | - | new | NEW | |
| AES CORP | AES | $407.5K | 27,800 | +0.02pp | 2q | +69.5%+$167.1K | |
| Thayer Ventures Acquisition Corp II | TVAI | $401.2K | 38,800 | -0.01pp | 3q | +7.8%+$29.0K | |
| KEEN VISION ACQUISITION CORP | KVAC | $395.5K | 32,000 | - | new | NEW | |
| X3 Acquisition Corp Ltd | XCBE | $391.6K | 39,202 | +0.03pp | 2q | +161.3%+$241.8K | |
| NEW PROVID | NPAC | $390.3K | 37,600 | +0.03pp | 3q | +196.1%+$258.5K | |
| Pioneer Acquisition I Corp | PACH | $389.7K | 38,172 | +0.03pp | 3q | +151.1%+$234.5K | |
| LAUNCHPAD CADENZA ACQU CORP | LPCV | $389.4K | 39,013 | +0.04pp | 2q | +680.3%+$339.4K | |
| MCKINLEY A | MKLY | $388.2K | 38,243 | +0.03pp | 2q | +156.7%+$236.9K | |
| CO2 Energy Transition Corp | NOEM | $375.9K | 35,600 | - | new | NEW | |
| OPEN LENDING CORP | LPRO | $375.4K | 120,700 | - | new | NEW | |
| PENUMBRA INC | PEN | $369.4K | 1,170 | -0.01pp | 2q | HELD | |
| SERVICENOW INC | NOW | $367.3K | 3,700 | -0.01pp | 2q | HELD | |
| LIVERAMP HLDGS INC | RAMP | $365.1K | 9,700 | - | new | NEW | |
| SOREN ACQ CRP; TNT ACQ DT: 1/7/2028; CASH: $10.00 | SORN | $363.1K | 36,600 | +0.04pp | 2q | +632.0%+$313.5K | |
| IHS HOLDING LIMITED | IHS | $360.9K | 43,800 | -0.01pp | 2q | +8.7%+$28.8K | |
| TALKSPACE INC | TALK | $360.4K | 69,300 | +0.02pp | 2q | +87.8%+$168.5K | |
| RENATUS TACTICAL ACQUIS SHS CL A | RTAC | $360.2K | 34,369 | +0.01pp | 3q | +52.8%+$124.4K | |
| BURFORD CAPITAL LIMITED | BUR | $356.4K | 86,920 | -0.31pp | 23q | -82.5%-$1.7M | |
| IDEA ACQUISITION CORP | IACO | $346.5K | 35,000 | - | new | NEW | |
| STELLAR BANCORP INC | STEL | $346.0K | 8,800 | - | new | NEW | |
| ARTIUS II ACQUISITION INC | AACB | $340.6K | 32,500 | - | new | NEW | |
| FACT II ACQUISITION CORP ORD SHS CL A | FACT | $339.1K | 31,900 | - | new | NEW | |
| DT CLOUD STAR ACQUISITION CO | DTSQ | $339.0K | 30,103 | - | new | NEW | |
| CHENGHE ACQUISITION III CO | CHEC | $338.9K | 33,357 | +0.03pp | 2q | +233.6%+$237.3K | |
| VINE HILL CAP INVTS CORP II | VHCP | $338.3K | 33,900 | flat | 2q | +35.6%+$88.8K | |
| ARMADA ACQUISITION CORP III ORD SHS CL A | AACI | $337.3K | 33,900 | - | new | NEW | |
| ADOBE INC | ADBE | $307.5K | 1,500 | -0.02pp | 2q | HELD | |
| RANGE CAP ACQUISITION CORP I CL A O | RNGT | $306.7K | 30,425 | +0.01pp | 2q | +75.7%+$132.1K | |
| FIRST SEACOAST BANCORP INC COM | FSEA | $300.5K | 17,822 | - | new | NEW | |
| Solarius Capital Acquisition Corp | SOCA | $295.8K | 28,771 | flat | 3q | +13.3%+$34.7K | |
| BRIGHTHOUSE FINL INC | BHF | $291.2K | 4,600 | +0.01pp | 3q | +48.4%+$95.0K | |
| GLOBAL BUSINESS TRAVEL GROUP | GBTG | $290.2K | 30,900 | - | new | NEW | |
| Collective Acquisition Corp Unit 04/27/2031 | CAIIU | $284.4K | 28,300 | - | new | NEW | |
| Titan Acquisition Corp | TACH | $273.6K | 26,280 | -0.02pp | 3q | -28.2%-$107.4K | |
| BAIN CAP GSS INVT CORP | BCSS | $273.2K | 26,600 | +0.02pp | 2q | +166.0%+$170.5K | |
| INTEGRA RES CORP | ITRG | $266.5K | 120,000 | -0.02pp | 2q | HELD | |
| DIGITAL ASSET ACQUISITION CO | DAAQ | $264.7K | 25,500 | - | new | NEW | |
| SILICON LABORATORIES INC | SLAB | $262.3K | 1,200 | flat | 2q | +20.0%+$43.7K | |
| Iron Horse Acquisition II Corp | IRHO | $258.8K | 25,800 | +0.03pp | 2q | +416.0%+$208.6K | |
| NATHANS FAMOUS INC NEW | NATH | $254.0K | 2,500 | -0.10pp | 2q | -70.9%-$619.8K | |
| ELME COMMUNITIES SH BEN INT | ELME | $247.8K | 167,400 | - | new | NEW | |
| DIGITALBRIDGE GROUP INC | DBRG | $247.7K | 15,700 | -0.04pp | 7q | -47.1%-$220.9K | |
| NSTS BANCORP INC | NSTS | $245.3K | 17,826 | - | new | NEW | |
| TAYLOR MORRISON HOME CORP | TMHC | $243.9K | 3,400 | - | new | NEW | |
| SILA REALTY TRUST INC | SILA | $239.8K | 7,898 | - | new | NEW | |
| WOLFSPEED INC | WOLF | $238.4K | 4,940 | -0.03pp | 3q | -80.2%-$962.6K | |
| TRAILBLAZER ACQUISITION CORP ORD SH | BLZR | $237.4K | 23,458 | +0.01pp | 2q | +134.6%+$136.2K | |
| INTUIT | INTU | $234.9K | 900 | -0.03pp | 2q | HELD | |
| MOUNTAIN LAKE ACQUISIT CORP | MLAA | $232.4K | 23,400 | +0.02pp | 2q | +368.0%+$182.7K | |
| VALARIS LTD | VAL | $232.3K | 3,200 | - | new | NEW | |
| CRANE HBR ACQUISITION CORP I | CRAN | $232.2K | 22,900 | +0.02pp | 2q | +358.0%+$181.5K | |
| D. BORAL ARC ACQ I CORP. | BCAR | $223.2K | 21,400 | -0.02pp | 3q | -27.2%-$83.4K | |
| Rre Ventures Acquisition Cor Unit 04/22/2031 | RREVU | $222.4K | 22,000 | - | new | NEW | |
| XOMA ROYALTY CORPORATION | XOMA | $221.0K | 5,200 | - | new | NEW | |
| MODIV INDUSTRIAL INC | MDV | $214.9K | 12,350 | - | new | NEW | |
| HCM III ACQUISITION CORP O | HCMA | $201.5K | 19,600 | +0.01pp | 3q | +172.2%+$127.5K | |
| Social Commerce Partners Corp | SCPQ | $199.3K | 19,952 | +0.02pp | 2q | +299.0%+$149.4K | |
| FIFTH ERA ACQUISITION CORP I ORD SH | FERA | $196.5K | 18,861 | +0.01pp | 3q | +130.0%+$111.1K | |
| GALATA ACQ | LATA | $193.9K | 19,175 | +0.01pp | 2q | +91.8%+$92.8K | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $193.4K | 2,700 | -0.01pp | 4q | -6.9%-$14.3K | |
| INTERNATIONAL MNY EXPRESS IN | IMXI | $178.0K | 12,316 | -0.01pp | 4q | -18.4%-$40.2K | |
| AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00 | ADAC | $166.8K | 16,651 | +0.01pp | 2q | +233.0%+$116.7K | |
| REPUBLIC DIGITAL ACQUISITION | RDAG | $160.0K | 15,500 | flat | 3q | +46.2%+$50.6K | |
| LEAPFROG ACQUISITION CORP | LFAC | $146.8K | 14,688 | +0.01pp | 2q | +193.8%+$96.8K | |
| OTG Acquisition Corp I | OTGA | $138.2K | 13,600 | +0.01pp | 2q | +444.0%+$112.8K | |
| INFLECTION PT ACQUISITION CO | IPCX | $134.2K | 13,000 | +0.01pp | 3q | +160.0%+$82.6K | |
| CAMBRIDGE ACQUISITION CORP | CAQ | $132.9K | 13,400 | - | new | NEW | |
| ZIM INTEGRATED SHIPPING SERV | ZIM | $132.6K | 5,100 | -0.02pp | 2q | -48.5%-$124.8K | |
| METALS RTY CO INC | TMCR | $125.7K | 17,600 | - | new | NEW | |
| SIMULATIONS PLUS INC | SLP | $122.7K | 6,700 | - | new | NEW | |
| EMERALD HOLDING INC | EEX | $112.9K | 22,400 | - | new | NEW | |
| CANTOR EQU | CEPF | $107.6K | 10,345 | flat | 4q | +3.5%+$3.6K | |
| DUKE ENERGY CORP NEW | DUK | $102.3K | 808 | - | new | NEW | |
| Aldabra 4 Liquidity Opportunity Vehicle Inc | ALOV | $95.4K | 9,600 | flat | 2q | +92.0%+$45.7K | |
| GREENFIRE RES LTD NEW | GFR | $94.4K | 16,700 | - | new | NEW | |
| GLASS HOUSE BRANDS INC | GLAS | $93.6K | 7,200 | - | new | NEW | |
| BEYOND MEAT INC | BYND | $89.4K | 118,700 | - | new | NEW | |
| MONRO INC | MNRO | $85.5K | 5,000 | flat | 2q | HELD | |
| ADVISORSHARES TR | MSOS | $82.3K | 16,200 | -0.01pp | 4q | -60.0%-$123.4K | |
| ARMADA ACQUISITION CORP III | AACIU | $75.8K | 7,300 | -0.02pp | 2q | -54.4%-$90.3K | |
| 1RT ACQUIS | ONCH | $71.7K | 7,000 | flat | 3q | +40.0%+$20.5K | |
| PROFOUND MED CORP | PROF | $62.5K | 9,400 | flat | 9q | HELD | |
| REGIS CORPORATION | RGS | $61.6K | 2,200 | - | new | NEW | |
| CANTOR EQUITY PARTNERS VI IN | CEPS | $51.9K | 5,000 | flat | 2q | HELD | |
| CANTOR EQUITY PARTNERS V INC | CEPV | $51.6K | 5,000 | flat | 3q | HELD | |
| General Catalyst Gbl Resil M Unit 04/13/2031 | GCGRU | $51.5K | 5,000 | - | new | NEW | |
| Cantor Equity Partners VII Inc | CAES | $50.5K | 5,000 | - | new | NEW | |
| Spartacus Acquisition Corp II | TMTS | $50.0K | 5,000 | - | new | NEW | |
| PATRIOT ACQUISITION CORP | PTACU | $50.0K | 5,000 | - | new | NEW | |
| RAMBUS INC DEL | RMBS | $46.5K | 350 | flat | 7q | -12.5%-$6.6K | |
| MERCURY GENL CORP NEW | MCY | $44.0K | 413 | flat | 6q | +5.9%+$2.5K | |
| JABIL INC | JBL | $43.6K | 113 | -0.04pp | 8q | -90.6%-$421.7K | |
| WESTERN ALLIANCE BANCORP | WAL | $43.5K | 529 | - | new | NEW | |
| WATTS WATER TECHNOLOGIES INC | WTS | $43.5K | 111 | - | new | NEW | |
| MODINE MFG CO | MOD | $42.5K | 159 | flat | 5q | -24.3%-$13.6K | |
| COPA HOLDINGS SA | CPA | $42.0K | 270 | -0.03pp | 8q | -87.1%-$284.7K | |
| EURONET WORLDWIDE INC | EEFT | $41.8K | 571 | flat | 6q | +29.8%+$9.6K | |
| LAUDER ESTEE COS INC | EL | $41.8K | 529 | flat | 7q | +5.8%+$2.3K | |
| LSI INDS INC OHIO | LYTS | $41.1K | 1,547 | -0.02pp | 8q | -84.8%-$228.5K | |
| VERISIGN INC | VRSN | $40.2K | 160 | flat | 7q | +3.2%+$1.3K | |
| ERO COPPER CORP | ERO | $38.8K | 1,450 | -0.03pp | 10q | -81.6%-$171.7K | |
| ANTERO RESOURCES CORP | AR | $36.4K | 1,037 | flat | 7q | +48.1%+$11.8K | |
| MICROCHIP TECHNOLOGY INC. | MCHP | $36.2K | 397 | -0.07pp | 16q | -94.9%-$669.2K | |
| URANIUM ENERGY CORP | UEC | $35.2K | 3,300 | flat | 3q | HELD | |
| ITRON INC | ITRI | $34.8K | 402 | flat | 7q | +5.8%+$1.9K | |
| GENPACT LIMITED | G | $32.9K | 1,196 | flat | 7q | +28.6%+$7.3K | |
| FIDELITY NATL FINL INC | FNF | $29.7K | 629 | -0.02pp | 8q | -76.7%-$97.4K | |
| BROOKFIELD BUSINESS CORP | BBUC | $29.2K | 979 | flat | 2q | +5.8%+$1.6K | |
| WATERS CORP | WAT | $28.1K | 75 | - | new | NEW | |
| Cambridge Acquisition Corp Unit 01/30/2031 | CAQUU | $25.9K | 2,558 | -0.01pp | 2q | -74.4%-$75.5K | |
| COOPER COS INC | COO | $22.7K | 317 | flat | 6q | +5.7%+$1.2K | |
| MILUNA ACQUISITION CORP | MMTX | $14.3K | 1,410 | flat | 2q | HELD | |
| AVALANCHE TREAS CORP | AVAT | $7.5K | 15,000 | - | new | NEW | |
| Atrium Therapeutics Inc | RNA | $6.6K | 490 | flat | 2q | HELD | |
| IDEA ACQUISITION CORP | IACOU | $4.5K | 444 | -0.04pp | 2q | -98.2%-$246.8K | |
| CHURCHILL CAPITAL CORP IX | CCIX | $4.1K | 380 | - | new | NEW | |
| Drugs Made In Amer Acq Ii Co Right 09/16/2030 | DMIIR | $3.6K | 49,700 | flat | 2q | HELD | |
| IDEA ACQUISITION EQY WARRANTS | IACOW | $2.9K | 8,333 | - | new | NEW | |
| ARMADA ACQUISITION III EQY WARRANT | AACIW | $2.6K | 8,000 | - | new | NEW | |
| ENCORE ENERGY CORP | EU | $2.2K | 1,716 | flat | 2q | HELD | |
| INTERCURE LTD | INCR | $2.2K | 1,977 | flat | 4q | HELD | |
| Republic Digital Acquisition Co | RDAGW | $1.2K | 2,500 | - | new | NEW | |
| Chenghe Acquisition III Co | CHECW | $1.1K | 4,990 | flat | 2q | HELD | |
| CAMBRIDGE ACQUISITION EQY WARRANTS | CAQUW | $1.0K | 3,333 | - | new | NEW | |
| SPARTACUS ACQUISITON II EQY WARRANTS | TMTSW | $870 | 1,666 | - | new | NEW | |
| HUDBAY MINERALS INC | HBM | $189 | 8 | - | new | NEW | |
| HNI CORP | HNI | $40 | 1 | flat | 3q | HELD | |
| FULTON FINL CORP PA | FULT | $24 | 1 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Capital Markets | $47.4M | 6.1% |
| Software & IT Services | $25.4M | 3.3% |
| Mining & Metals | $17.6M | 2.3% |
| Holding & Investment | $14.9M | 1.9% |
| Computer Hardware | $14.7M | 1.9% |
| Funds & ETFs | $12.2M | 1.6% |
| Telecom & Media | $12.1M | 1.6% |
| Other sectors | $53.6M | 6.9% |
| Not classified | $582.2M | 74.6% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2019 | +11.4% | +8.5% | +2.9% | 62% |
| Q3 2019 | -8.1% | +1.3% | -9.4% | 81% |
| Q2 2019 | +3.3% | +3.7% | -0.4% | 61% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $780.1M | 231 | 69 | 78 | 41 | 91 | 52.1% | 48 |
| Q1 2026 | $638.6M | 253 | 111 | 54 | 22 | 77 | 53.8% | 45 |
| Q4 2025 | $634.7M | 219 | 97 | 44 | 22 | 85 | 52.8% | 48 |
| Q3 2025 | $592.7M | 207 | 92 | 26 | 27 | 44 | 49.9% | 45 |
| Q2 2025 | $422.5M | 159 | 71 | 37 | 12 | 53 | 52.1% | 45 |
| Q1 2025 | $367.1M | 141 | 49 | 34 | 14 | 37 | 53.7% | 136 |
| Q4 2024 | $465.4M | 129 | 57 | 26 | 16 | 65 | 61.6% | 45 |
| Q3 2024 | $434.2M | 137 | 54 | 26 | 15 | 43 | 61.9% | 45 |
| Q2 2024 | $363.9M | 126 | 51 | 21 | 20 | 41 | 63.3% | 45 |
| Q1 2024 | $378.2M | 116 | 47 | 16 | 20 | 36 | 61.4% | 45 |
| Q4 2023 | $306.8M | 105 | 52 | 16 | 12 | 56 | 60.8% | 45 |
| Q3 2023 | $333.7M | 109 | 51 | 14 | 13 | 52 | 52.2% | 45 |
| Q2 2023 | $321.7M | 110 | 35 | 27 | 12 | 50 | 49.3% | 42 |
| Q1 2023 | $318.4M | 125 | 46 | 29 | 24 | 56 | 41.3% | 45 |
| Q4 2022 | $335.4M | 135 | 36 | 46 | 34 | 72 | 44.4% | 41 |
| Q3 2022 | $319.7M | 171 | 43 | 71 | 27 | 47 | 45.1% | 45 |
| Q2 2022 | $361.7M | 175 | 43 | 24 | 23 | 36 | 46.9% | 46 |
| Q1 2022 | $408.3M | 168 | 46 | 34 | 28 | 32 | 43.4% | 47 |
| Q4 2021 | $440.5M | 154 | 50 | 56 | 17 | 31 | 43.3% | 47 |
| Q3 2021 | $382.7M | 135 | 65 | 9 | 20 | 15 | 40.6% | 46 |
| Q2 2021 | $427.2M | 85 | 27 | 16 | 21 | 34 | 36.5% | 44 |
| Q1 2021 | $411.8M | 92 | 33 | 17 | 20 | 22 | 35.2% | 40 |
| Q4 2020 | $393.4M | 81 | 26 | 4 | 25 | 15 | 38.9% | 43 |
| Q3 2020 | $359.6M | 70 | 16 | 7 | 20 | 17 | 38.1% | 47 |
| Q2 2020 | $370.0M | 71 | 20 | 8 | 24 | 6 | 38.4% | 48 |
| Q1 2020 | $320.4M | 57 | 16 | 14 | 14 | 14 | 47.5% | 27 |
| Q4 2019 | $356.3M | 55 | 5 | 16 | 13 | 14 | 47.2% | 36 |
| Q3 2019 | $297.3M | 64 | 7 | 20 | 18 | 9 | 40.5% | 29 |
| Q2 2019 | $280.1M | 66 | 12 | 15 | 14 | 15 | 44.8% | 31 |
| Q1 2019 | $343.9M | 69 | 12 | 20 | 15 | 12 | 40.7% | 23 |
| Q4 2018 | $302.4M | 69 | 0 | 0 | 0 | 0 | 42.9% | 24 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.