PenderFund Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABERDEEN ASIA-PACIFIC INCOME	COM	003009107	3,455	610,000	SH		SOLE		610,000	0	0
ACCELERATE DIAGNOSTICS INC	NOTE 2.500% 3/1	00430HAB8	7,880	10,560,000	PRN		SOLE		10,560,000	0	0
ALASKA COMMUNICATIONS SYS GR	COM	01167P101	1,568	333,802	SH		SOLE		333,802	0	0
AVAYA HLDGS CORP	NOTE 2.250% 6/1	05351XAB7	4,935	3,700,000	PRN		SOLE		3,700,000	0	0
AVIAT NETWORKS INC	COM	05366Y201	6,612	152,113	SH		SOLE		152,113	0	0
BAIDU INC	SPON ADR REP A	056752108	15,483	56,250	SH		SOLE		56,250	0	0
BAUSCH HEALTH COS INC	COM	071734107	8,402	318,125	SH		SOLE		318,125	0	0
BLACKROCK LTD DURATION INC T	COM SHS	09249W101	3,040	150,000	SH		SOLE		150,000	0	0
BRANDYWINEGBL GBL INCM OPP F	COM	10537L104	1,590	100,000	SH		SOLE		100,000	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	2,786	52,950	SH		SOLE		52,950	0	0
BROOKFIELD PROPERTY PARTRS L	UNIT LTD PARTN	G16249107	1,525	82,809	SH		SOLE		82,809	0	0
BURFORD CAP LTD	ORD SHS	G17977110	15,946	1,295,463	SH		SOLE		1,295,463	0	0
CLOUDERA INC	COM	18914U100	6,525	368,500	SH		SOLE		368,500	0	0
COLFAX CORP	COM	194014106	697	14,312	SH		SOLE		14,312	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	238	2,100	SH		SOLE		2,100	0	0
EBIX INC	COM	278715206	15,180	314,083	SH		SOLE		314,083	0	0
EGAIN CORP	COM	28225C806	4,095	272,401	SH		SOLE		272,401	0	0
ENERGY FUELS INC	*W EXP 09/20/202	292671179	524	200,000	SH		SOLE		200,000	0	0
FIREEYE INC	NOTE 0.875% 6/0	31816QAF8	13,984	9,000,000	PRN		SOLE		9,000,000	0	0
FIRST MAJESTIC SILVER CORP	NOTE 1.875% 3/0	32076VAB9	18,310	9,500,000	PRN		SOLE		9,500,000	0	0
FIRST TR SR FLG RTE INCM FD	COM	33733U108	740	50,000	SH		SOLE		50,000	0	0
FIRSTSERVICE CORP	COM	33767E202	209	1,200	SH		SOLE		1,200	0	0
FLUOR CORP	COM	343412102	4,303	211,700	SH		SOLE		211,700	0	0
FOLEY TRASIMENE ACQUISTN COR	*W EXP 05/26/202	34431F112	187	58,032	SH		SOLE		58,032	0	0
FOLEY TRASIMENE ACQUISTN COR	COM CL A	34431F104	2,478	174,100	SH		SOLE		174,100	0	0
FTS INTERNATIONAL INC	COM NEW CL A	30283W302	4,933	201,856	SH		SOLE		201,856	0	0
GOGO INC	COM	38046C109	4	300	SH		SOLE		300	0	0
GRANITE CONSTR INC	NOTE 2.750%11/0	387328AB3	14,303	10,300,000	PRN		SOLE		10,300,000	0	0
HANESBRANDS INC	COM	410345102	854	46,000	SH		SOLE		46,000	0	0
HOWARD HUGHES CORP	COM	44267D107	9,710	96,647	SH		SOLE		96,647	0	0
IAC INTERACTIVECORP	COM	44891N109	12,687	52,640	SH		SOLE		52,640	0	0
INFINERA CORP	NOTE 2.125% 9/0	45667GAC7	5,780	3,634,000	PRN		SOLE		3,634,000	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	6,995	90,200	SH		SOLE		90,200	0	0
INTERCEPT PHARMACEUTICALS IN	NOTE 2.000% 5/1	45845PAB4	3,839	5,000,000	PRN		SOLE		5,000,000	0	0
INTERCEPT PHARMACEUTICALS IN	NOTE 3.250% 7/0	45845PAA6	9,491	9,605,000	PRN		SOLE		9,605,000	0	0
INVESCO SR INCOME TR	COM	46131H107	1,520	300,000	SH		SOLE		300,000	0	0
JAWS ACQUISITION CORP	*W EXP 99/99/999	G50744112	208	60,498	SH		SOLE		60,498	0	0
JAWS SPITFIRE ACQUISITION CO	UNIT 99/99/9999	G50740128	281	20,000	SH		SOLE		20,000	0	0
JD.COM INC	SPON ADR CL A	47215P106	9,578	85,605	SH		SOLE		85,605	0	0
JUST ENERGY GROUP INC	COM	48213W408	2,917	488,615	SH		SOLE		488,615	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	884	38,830	SH		SOLE		38,830	0	0
KKR & CO INC	COM	48251W104	10,367	201,140	SH		SOLE		201,140	0	0
LEAF GROUP LTD	COM	52177G102	7,888	1,332,635	SH		SOLE		1,332,635	0	0
LIBERTY LATIN AMERICA LTD	COM CL A	G9001E102	4,390	309,847	SH		SOLE		309,847	0	0
LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	1,067	75,574	SH		SOLE		75,574	0	0
LUX HEALTH TECH ACQUISITION	UNIT 11/30/2027	55068A209	1,493	100,000	SH		SOLE		100,000	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	5,480	111,351	SH		SOLE		111,351	0	0
MICROSTRATEGY INC CL A NEW	CL A	594972408	1,138	2,300	SH		SOLE		2,300	0	0
NORTHROP GRUMMAN CORP	COM	666807102	931	2,400	SH		SOLE		2,400	0	0
OPENDOOR TECHNOLOGIES INC	*W EXP 12/18/202	683712111	442	45,002	SH		SOLE		45,002	0	0
PAR TECHNOLOGY CORP	COM	698884103	8,295	103,781	SH		SOLE		103,781	0	0
PARATEK PHARMACEUTICALS INC	NOTE 4.750% 5/0	699374AB0	22,444	20,060,000	PRN		SOLE		20,060,000	0	0
PERSHING SQUARE TONTINE HLDG	*W EXP 07/24/202	71531R117	126	10,332	SH		SOLE		10,332	0	0
PERSHING SQUARE TONTINE HLDG	COM CL A	71531R109	1,553	44,000	SH		SOLE		44,000	0	0
SHARPSPRING INC	COM	820054104	5,753	277,602	SH		SOLE		277,602	0	0
SOCIAL CAP HEDSPIA HLDG CO I	*W EXP 99/99/999	G8251K115	289	56,741	SH		SOLE		56,741	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G8251L113	207	49,750	SH		SOLE		49,750	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G82514111	6	1,250	SH		SOLE		1,250	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G8252P113	218	48,600	SH		SOLE		48,600	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G8251L105	3,116	199,000	SH		SOLE		199,000	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G8252P105	3,078	194,400	SH		SOLE		194,400	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G82514103	87	5,000	SH		SOLE		5,000	0	0
SQUARE INC	CL A	852234103	7,923	28,600	SH		SOLE		28,600	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	9,672	104,450	SH		SOLE		104,450	0	0
SSR MNG INC	NOTE 2.500% 4/0	784730AB9	7,558	4,250,000	PRN		SOLE		4,250,000	0	0
STARWOOD PPTY TR INC	COM	85571B105	945	38,450	SH		SOLE		38,450	0	0
STITCH FIX INC	COM CL A	860897107	12,929	172,975	SH		SOLE		172,975	0	0
SUNPOWER CORP	DBCV 0.875% 6/0	867652AJ8	2,495	1,904,000	PRN		SOLE		1,904,000	0	0
SUNPOWER CORP	DBCV 4.000% 1/1	867652AL3	1,682	1,000,000	PRN		SOLE		1,000,000	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	1,400	200,000	SH		SOLE		200,000	0	0
TEVA PHARMACEUTICAL FIN LLC	DBCV 0.250% 2/0	88163VAE9	5,123	4,000,000	PRN		SOLE		4,000,000	0	0
TURMERIC ACQUISITION CORP	UNIT 10/08/2025	G9127T116	13	1,000	SH		SOLE		1,000	0	0
TURNING PT BRANDS INC	COM	90041L105	3,125	55,100	SH		SOLE		55,100	0	0
TUTOR PERINI CORP	NOTE 2.875% 6/1	901109AD0	1,799	1,425,000	PRN		SOLE		1,425,000	0	0
TWITTER INC	COM	90184L102	5,452	79,100	SH		SOLE		79,100	0	0
TWITTER INC	NOTE 0.250% 6/1	90184LAF9	4,625	3,000,000	PRN		SOLE		3,000,000	0	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	4,635	563,625	SH		SOLE		563,625	0	0
UPLAND SOFTWARE INC	COM	91544A109	1,728	29,586	SH		SOLE		29,586	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	1,769	100,000	SH		SOLE		100,000	0	0
WESTERN AST INFL LKD OPP & I	COM	95766R104	5,529	350,000	SH		SOLE		350,000	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	11,925	72,174	SH		SOLE		72,174	0	0