Penderfund Capital Management Ltd. - Q42025 Holdings

Penderfund Capital Management Ltd. holds 213 stocks with a total portfolio value of $ 634.67M as of Q42025. In Q42025, Penderfund Capital Management Ltd. added 93 new positions, increased stakes in 45 stocks, reduced 24 holdings, and fully exited 80 positions. The largest holding is First Majestic Silver Corp (AG), representing 8.60% of the total portfolio.