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
ACCELERATE DIAGNOSTICS INC	NOTE 2.500% 3/1	00430HAB8	8,851	10,560,000	PRN		SOLE		10,560,000	0	0
ATLANTIC POWER CORP	COM	04878Q863	3,663	1,008,700	SH		SOLE		1,008,700	0	0
AUSTERLITZ ACQUISITION CORP	UNIT 99/99/9999	G0633D117	63	5,000	SH		SOLE		5,000	0	0
AUSTERLITZ ACQUISITION CORP	UNIT 99/99/9999	G0633U119	63	5,000	SH		SOLE		5,000	0	0
AVAYA HLDGS CORP	NOTE 2.250% 6/1	05351XAB7	5,793	3,700,000	PRN		SOLE		3,700,000	0	0
AVIAT NETWORKS INC	COM	05366Y201	12,464	139,613	SH		SOLE		139,613	0	0
BAIDU INC	SPON ADR REP A	056752108	13,541	49,530	SH		SOLE		49,530	0	0
BAUSCH HEALTH COS INC	COM	071734107	10,471	262,625	SH		SOLE		262,625	0	0
BRANDYWINEGBL GBL INCM OPP F	COM	10537L104	1,516	100,000	SH		SOLE		100,000	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	4,089	73,150	SH		SOLE		73,150	0	0
BROOKFIELD PROPERTY PARTRS L	UNIT LTD PARTN	G16249107	1,270	56,809	SH		SOLE		56,809	0	0
BURFORD CAP LTD	ORD SHS	G17977110	20,485	1,811,170	SH		SOLE		1,811,170	0	0
CLOUDERA INC	COM	18914U100	5,636	368,500	SH		SOLE		368,500	0	0
CLOVER HEALTH INVESTMENTS CO	*W EXP 04/21/202	18914F111	113	56,741	SH		SOLE		56,741	0	0
COLFAX CORP	COM	194014106	788	14,312	SH		SOLE		14,312	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	259	2,100	SH		SOLE		2,100	0	0
DECARBONIZATION PLUS ACQU II	UNIT 01/19/2026	242794204	13	1,000	SH		SOLE		1,000	0	0
EAGLE BULK SHIPPING INC	NOTE 5.000% 8/0	269442AB5	11,494	7,900,000	PRN		SOLE		7,900,000	0	0
EBIX INC	COM	278715206	8,532	211,957	SH		SOLE		211,957	0	0
EGAIN CORP	COM	28225C806	6,017	504,500	SH		SOLE		504,500	0	0
ENERGY FUELS INC	*W EXP 09/20/202	292671179	732	200,000	SH		SOLE		200,000	0	0
EROS STX GLOBAL CORPORATION SHS	SHS	G3788M114	7	3,100	SH		SOLE		3,100	0	0
ESM ACQUISITION CORPORATION	UNIT 99/99/9999	G3195H120	62	5,000	SH		SOLE		5,000	0	0
FIREEYE INC	NOTE 0.875% 6/0	31816QAF8	12,829	9,000,000	PRN		SOLE		9,000,000	0	0
FIRST MAJESTIC SILVER CORP	NOTE 1.875% 3/0	32076VAB9	2,067	1,000,000	PRN		SOLE		1,000,000	0	0
FIRSTSERVICE CORP	COM	33767E202	392	2,100	SH		SOLE		2,100	0	0
FLEXION THERAPEUTICS INC	NOTE 3.375% 5/0	33938JAB2	7,015	6,000,000	PRN		SOLE		6,000,000	0	0
FLUOR CORP	COM	343412102	6,143	211,700	SH		SOLE		211,700	0	0
FOLEY TRASIMENE ACQUISTN COR	*W EXP 05/26/202	34431F112	117	58,032	SH		SOLE		58,032	0	0
FRONTIER ACQUISITION CORP	UNIT 03/01/2026	G36826116	125	10,000	SH		SOLE		10,000	0	0
FTS INTERNATIONAL INC	COM NEW CL A	30283W302	6,903	222,032	SH		SOLE		222,032	0	0
GORES TECHNOLOGY PARTNERS II	UNIT 03/16/2028	38287L206	13	1,000	SH		SOLE		1,000	0	0
GRANITE CONSTR INC	NOTE 2.750%11/0	387328AB3	9,573	5,425,000	PRN		SOLE		5,425,000	0	0
HANESBRANDS INC	COM	410345102	1,137	46,000	SH		SOLE		46,000	0	0
HOWARD HUGHES CORP	COM	44267D107	7,751	64,837	SH		SOLE		64,837	0	0
IAC INTERACTIVECORP	COM	44891N109	9,879	36,340	SH		SOLE		36,340	0	0
INFINERA CORP	NOTE 2.125% 9/0	45667GAC7	3,197	2,134,000	PRN		SOLE		2,134,000	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	12,814	139,600	SH		SOLE		139,600	0	0
INTERCEPT PHARMACEUTICALS IN	NOTE 2.000% 5/1	45845PAB4	5,420	6,500,000	PRN		SOLE		6,500,000	0	0
INTERCEPT PHARMACEUTICALS IN	NOTE 3.250% 7/0	45845PAA6	9,986	9,605,000	PRN		SOLE		9,605,000	0	0
INVESCO SR INCOME TR	COM	46131H107	1,583	300,000	SH		SOLE		300,000	0	0
JAWS ACQUISITION CORP	*W EXP 99/99/999	G50744112	242	60,498	SH		SOLE		60,498	0	0
JAWS MUSTANG ACQUISITION COR	UNIT 99/99/9999	G50737116	13	1,000	SH		SOLE		1,000	0	0
JAWS SPITFIRE ACQUISITION CO	*W EXP 12/01/202	G50740110	12	5,000	SH		SOLE		5,000	0	0
JAWS SPITFIRE ACQUISITION CO	SHS CL A	G50740102	258	20,000	SH		SOLE		20,000	0	0
JD.COM INC	SPON ADR CL A	47215P106	10,927	103,105	SH		SOLE		103,105	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	1,158	45,600	SH		SOLE		45,600	0	0
KISMET ACQUISITION THREE COR	UNIT 99/99/9999	G5276C128	62	5,000	SH		SOLE		5,000	0	0
KISMET ACQUISITION TWO CORP	UNIT 99/99/9999	G52807123	12	1,000	SH		SOLE		1,000	0	0
KKR & CO INC	COM	48251W104	11,272	183,608	SH		SOLE		183,608	0	0
L CATTERTON ASIA ACQUISITION	UNIT 03/11/2026	G5346G109	250	20,000	SH		SOLE		20,000	0	0
LEAD EDGE GROWTH OPRTUNTS LT	UNIT 04/01/2026	G54085124	125	10,000	SH		SOLE		10,000	0	0
LEAF GROUP LTD	COM	52177G102	4,823	595,039	SH		SOLE		595,039	0	0
LIBERTY LATIN AMERICA LTD	COM CL A	G9001E102	6,213	385,361	SH		SOLE		385,361	0	0
LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	5,050	309,561	SH		SOLE		309,561	0	0
LUX HEALTH TECH ACQUISITION	*W EXP 11/30/202	55068A118	62	32,999	SH		SOLE		32,999	0	0
LUX HEALTH TECH ACQUISITION	COM CL A	55068A100	40	3,109	SH		SOLE		3,109	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	4,836	101,761	SH		SOLE		101,761	0	0
MICROSTRATEGY INC	CL A	594972408	2,474	2,900	SH		SOLE		2,900	0	0
NORTHROP GRUMMAN CORP COM	SHS CL A	666807102	1,611	3,960	SH		SOLE		3,960	0	0
ONE EQUITY PARTNERS OPEN WTR	*W EXP 01/14/202	68237L113	1	1,666	SH		SOLE		1,666	0	0
ONE EQUITY PARTNERS OPEN WTR	CL A	68237L105	61	5,000	SH		SOLE		5,000	0	0
OPENDOOR TECHNOLOGIES INC	*W EXP 12/18/202	683712111	565	44,002	SH		SOLE		44,002	0	0
OPKO HEALTH INC	NOTE 4.500% 2/1	68375NAD5	3,384	2,000,000	PRN		SOLE		2,000,000	0	0
ORION ACQUISITION CORP	UNIT 02/19/2026	68626A207	63	5,000	SH		SOLE		5,000	0	0
PAR TECHNOLOGY CORP	COM	698884103	8,876	107,981	SH		SOLE		107,981	0	0
PARATEK PHARMACEUTICALS INC	NOTE 4.750% 5/0	699374AB0	23,311	20,060,000	PRN		SOLE		20,060,000	0	0
PERSHING SQUARE TONTINE HLDG	*W EXP 07/24/202	71531R117	106	10,332	SH		SOLE		10,332	0	0
PRIMAVERA CAPITAL ACQUIST CO	UNIT 01/19/2026	G7255E125	64	5,000	SH		SOLE		5,000	0	0
SCIENCE STRATEGIC ACQ ALPHA	UNIT 01/20/2026	808641203	62	5,000	SH		SOLE		5,000	0	0
SCORPIO TANKERS INC	NOTE 3.000% 5/1	80918TAB5	9,324	7,370,000	PRN		SOLE		7,370,000	0	0
SHARPSPRING INC	COM	820054104	5,582	277,602	SH		SOLE		277,602	0	0
SHIP FIN INTL LTD	NOTE 4.875% 5/0	824689AG8	10,728	8,656,000	PRN		SOLE		8,656,000	0	0
SILVER SPIKE ACQUISITN CORP	UNIT 02/26/2026	G8201H121	125	10,000	SH		SOLE		10,000	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G8251L113	164	49,750	SH		SOLE		49,750	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G82514111	4	1,250	SH		SOLE		1,250	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G8252P113	335	48,600	SH		SOLE		48,600	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G8251L105	2,376	176,500	SH		SOLE		176,500	0	0
SPARTAN ACQUISITION CORP III	UNIT 99/99/9999	84677R205	13	1,000	SH		SOLE		1,000	0	0
SQUARE INC	CL A	852234103	7,447	26,100	SH		SOLE		26,100	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	14,211	161,850	SH		SOLE		161,850	0	0
SSR MNG INC	NOTE 2.500% 4/0	784730AB9	9,231	6,250,000	PRN		SOLE		6,250,000	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,195	38,450	SH		SOLE		38,450	0	0
STITCH FIX INC	COM CL A	860897107	8,853	142,205	SH		SOLE		142,205	0	0
TEXAS PACIFIC LAND CORPORATI	COM	88262P102	12,674	6,345	SH		SOLE		6,345	0	0
THIMBLE POINT ACQUISITION CO	UNIT 99/99/9999	88408P206	13	1,000	SH		SOLE		1,000	0	0
TREBIA ACQUISITION CORP	COM CL A	G9027T109	3	250	SH		SOLE		250	0	0
TURNING PT BRANDS INC	COM	90041L105	2,931	44,700	SH		SOLE		44,700	0	0
TUTOR PERINI CORP	NOTE 2.875% 6/1	901109AD0	1,832	1,425,000	PRN		SOLE		1,425,000	0	0
TWITTER INC	COM	90184L102	5,573	69,700	SH		SOLE		69,700	0	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	9,086	1,237,982	SH		SOLE		1,237,982	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	11,299	69,354	SH		SOLE		69,354	0	0