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
5 01 ACQUISITION CORP	COM CL A	33836P105	16	1,300	SH		SOLE		1,300	0	0
ACCELERATE ACQUISITION CORP	COM CL A	00439D102	1	100	SH		SOLE		100	0	0
ACCELERATE DIAGNOSTICS INC	COM	00430H102	3,436	465,259	SH		SOLE		465,259	0	0
ACCELERATE DIAGNOSTICS INC	NOTE 2.500% 3/1	00430HAB8	5,031	5,560,000	PRN		SOLE		5,560,000	0	0
ACCELERON PHARMA INC	COM	00434H108	44	200	SH		SOLE		200	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	28	510	SH		SOLE		510	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,931	10,300	SH		SOLE		10,300	0	0
ALTIMETER GROWTH CORP 2	COM CL A	G0371B109	9	700	SH		SOLE		700	0	0
AMERICAN NATIONAL GROUP INC	COM	02772A109	32	135	SH		SOLE		135	0	0
APOLLO STRATEGIC GRWT CPTL I	SHS CL A	G0412A102	16	1,300	SH		SOLE		1,300	0	0
ARES ACQUISITION CORPORATION	COM CL A	G33032106	16	1,300	SH		SOLE		1,300	0	0
ATLANTIC CAP BANCSHARES INC	COM	048269203	67	2,000	SH		SOLE		2,000	0	0
AVANTI ACQUISITION CORP	SHS CL A	G0682V109	16	1,253	SH		SOLE		1,253	0	0
AVIAT NETWORKS INC	COM	05366Y201	10,826	260,109	SH		SOLE		260,109	0	0
B RILEY PRIN 250 MERGER CORP	CLASS A COM	05602L104	16	1,300	SH		SOLE		1,300	0	0
B RILEY PRINCIPAL 150 MERGER	COM CL A	05601V103	16	1,300	SH		SOLE		1,300	0	0
BAIDU INC	SPON ADR REP A	056752108	13,073	67,130	SH		SOLE		67,130	0	0
BAUSCH HEALTH COS INC	COM	071734107	7,189	203,525	SH		SOLE		203,525	0	0
BLUESCAPE OPPORTUNITIES ACQU	SHS	G1195N105	16	1,300	SH		SOLE		1,300	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	3,444	50,750	SH		SOLE		50,750	0	0
BROOKFIELD ASSET MGMT REINS	CL A EXCH LT VTG	G16169107	30	427	SH		SOLE		427	0	0
BURFORD CAP LTD ORD	SHS	G17977110	22,756	1,634,753	SH		SOLE		1,634,753	0	0
CANO HEALTH INC	*W EXP 06/03/202	13781Y111	299	57,198	SH		SOLE		57,198	0	0
CC NEUBERGER PRIN HLDGS II	SHS CL A	G3166T103	10	800	SH		SOLE		800	0	0
CENTURY BANCORPORATION INC	CL A NON VTG	156432106	32	220	SH		SOLE		220	0	0
CF ACQUISITION CORP IV	COM CL A	12520T102	16	1,300	SH		SOLE		1,300	0	0
CHURCHILL CAPITAL CORP VI	COM CL A	17143W101	9	700	SH		SOLE		700	0	0
CHURCHILL CAPITAL CORP VII	COM CL A	17144M102	13	1,026	SH		SOLE		1,026	0	0
CIT GROUP INC	COM	125581801	61	930	SH		SOLE		930	0	0
CLOUDERA INC	COM	18914U100	11,738	580,300	SH		SOLE		580,300	0	0
COHN ROBBINS HOLDINGS CORP	COM CL A	G23726105	16	1,300	SH		SOLE		1,300	0	0
COLFAX CORP	COM	194014106	832	14,312	SH		SOLE		14,312	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	600	3,700	SH		SOLE		3,700	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	4	55	SH		SOLE		55	0	0
COVANTA HLDG CORP	COM	22282E102	32	1,260	SH		SOLE		1,260	0	0
DECARBONIZATION PLUS ACQU II	*W EXP 01/19/202	242794113	1	333	SH		SOLE		333	0	0
DISCOVERY INC	COM SER A	25470F104	5	160	SH		SOLE		160	0	0
DISCOVERY INC	COM SER C	25470F302	1,156	37,600	SH		SOLE		37,600	0	0
DOMTAR CORP	COM	257559203	32	460	SH		SOLE		460	0	0
E MERGE TECHNOLOGY ACQUISITI	COM CL A	26873Y104	16	1,300	SH		SOLE		1,300	0	0
EAGLE BULK SHIPPING INC	NOTE 5.000% 8/0	269442AB5	5,773	3,063,000	PRN		SOLE		3,063,000	0	0
EBIX INC	COM	278715206	6,989	204,907	SH		SOLE		204,907	0	0
EGAIN CORP	COM	28225C806	7,707	596,518	SH		SOLE		596,518	0	0
FIREEYE INC	NOTE 0.875% 6/0	31816QAF8	4,070	3,000,000	PRN		SOLE		3,000,000	0	0
FIRSTSERVICE CORP	COM	33767E202	573	2,500	SH		SOLE		2,500	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	64	1,000	SH		SOLE		1,000	0	0
FLEXION THERAPEUTICS INC	NOTE 3.375% 5/0	33938JAB2	10,366	9,000,000	PRN		SOLE		9,000,000	0	0
FLUOR CORP	COM	343412102	4,282	211,700	SH		SOLE		211,700	0	0
FORTRESS CAPITAL ACQUISITION	SHS CL A	G36427105	2	200	SH		SOLE		200	0	0
FTS INTERNATIONAL INC	COM NEW CL A	30283W302	6,232	200,000	SH		SOLE		200,000	0	0
FUSION ACQUISITION CORP II	COM CL A	36118N102	16	1,300	SH		SOLE		1,300	0	0
GO ACQUISITION CORP	COM	362019101	16	1,300	SH		SOLE		1,300	0	0
GOLDEN NUGGET ONLINE GAMIN	COM CL A	38113L107	64	2,900	SH		SOLE		2,900	0	0
GREENSKY INC	CL A	39572G100	54	3,800	SH		SOLE		3,800	0	0
HAMILTON LANE ALLIANCE HLDGS	COM CL A	40749M103	16	1,300	SH		SOLE		1,300	0	0
HANESBRANDS INC	COM	410345102	917	42,200	SH		SOLE		42,200	0	0
HEALTH ASSURN ACQUISITION CO	COM CL A	42226W109	16	1,300	SH		SOLE		1,300	0	0
HOWARD HUGHES CORP	COM	44267D107	6,777	60,937	SH		SOLE		60,937	0	0
HUDSON EXECUTIVE INVES III	COM CL A	44376L107	16	1,300	SH		SOLE		1,300	0	0
HUDSON EXECUTIVE INVS CORP I	COM CL A	443760103	16	1,300	SH		SOLE		1,300	0	0
IAC INTERACTIVECORP NEW	COM NEW	44891N208	5,706	34,575	SH		SOLE		34,575	0	0
INDEPENDENCE HOLDINGS CORP	CLASS A ORD SHS	G4761A101	0	10	SH		SOLE		10	0	0
INFINERA CORP	NOTE 2.125% 9/0	45667GAC7	1,599	1,134,000	PRN		SOLE		1,134,000	0	0
INFINERA CORP	NOTE 2.500% 3/0	45667GAE3	1,684	1,000,000	PRN		SOLE		1,000,000	0	0
INOVALON HLDGS INC	COM CL A	45781D101	39	760	SH		SOLE		760	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	10,525	133,300	SH		SOLE		133,300	0	0
INTREXON CORP	NOTE 3.500% 7/0	46122TAA0	18,423	17,400,000	PRN		SOLE		17,400,000	0	0
JAWS HURRICANE ACQUISITN COR	UNIT 06/08/2026	47201B202	127	10,000	SH		SOLE		10,000	0	0
JAWS MUSTANG ACQUISITION COR	*W EXP 01/30/202	G50737124	0	250	SH		SOLE		250	0	0
JD.COM INC	SPON ADR CL A	47215P106	8,931	97,605	SH		SOLE		97,605	0	0
KADMON HLDGS INC	COM	48283N106	20	1,840	SH		SOLE		1,840	0	0
KALEYRA INC	COM	483379103	1,937	138,900	SH		SOLE		138,900	0	0
KARYOPHARM THERAPEUTICS INC	NOTE 3.000%10/1	48576UAA4	2,913	3,000,000	PRN		SOLE		3,000,000	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	1,208	45,600	SH		SOLE		45,600	0	0
KHOSLA VENTURES ACQUT CO III	COM CL A	482506102	16	1,300	SH		SOLE		1,300	0	0
KKR & CO INC	COM	48251W104	13,572	176,008	SH		SOLE		176,008	0	0
KKR ACQUISITION HOLDING I CO	COM CLASS A	48253T109	16	1,300	SH		SOLE		1,300	0	0
LAZARD GROWTH ACQUISITION CO	SHS	G54035103	16	1,300	SH		SOLE		1,300	0	0
LEAD EDGE GROWTH OPRTUNTS LT	*W EXP 04/01/202	G54085116	2	2,500	SH		SOLE		2,500	0	0
LENDINGTREE INC NEW	NOTE 0.625% 6/0	52603BAA5	1,271	1,000,000	PRN		SOLE		1,000,000	0	0
LIBERTY LATIN AMERICA LTD	COM CL A	G9001E102	4,918	296,861	SH		SOLE		296,861	0	0
LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	4,735	284,961	SH		SOLE		284,961	0	0
LUX HEALTH TECH ACQUISITION	*W EXP 11/30/202	55068A118	48	32,999	SH		SOLE		32,999	0	0
MAGELLAN HEALTH INC	COM	559079207	16	136	SH		SOLE		136	0	0
MASON INDUSTRIAL TECHNOLGY I	COM CL A	57520Y106	16	1,300	SH		SOLE		1,300	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	8,896	247,801	SH		SOLE		247,801	0	0
MERIDIAN BANCORP INC MD	COM	58958U103	66	2,500	SH		SOLE		2,500	0	0
MICROSTRATEGY INC	CL A	594972408	2,344	3,200	SH		SOLE		3,200	0	0
MOMO INC	NOTE 1.250% 7/0	60879BAB3	3,777	3,500,000	PRN		SOLE		3,500,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,670	3,660	SH		SOLE		3,660	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	18	257	SH		SOLE		257	0	0
OAKTREE ACQUISITION CORP II	CL A SHS	G6715X103	16	1,300	SH		SOLE		1,300	0	0
ONE EQUITY PARTNERS OPEN WTR	*W EXP 01/14/202	68237L113	1	1,666	SH		SOLE		1,666	0	0
OPKO HEALTH INC	NOTE 4.500% 2/1	68375NAD5	9,485	6,000,000	PRN		SOLE		6,000,000	0	0
PACIFIC MERCANTILE BANCORP	COM	694552100	11	905	SH		SOLE		905	0	0
PAR TECHNOLOGY CORP	COM	698884103	11,880	152,481	SH		SOLE		152,481	0	0
PARATEK PHARMACEUTICALS INC	NOTE 4.750% 5/0	699374AB0	24,177	21,060,000	PRN		SOLE		21,060,000	0	0
PERSHING SQUARE TONTINE HLDG	*W EXP 07/24/202	71531R117	17	10,332	SH		SOLE		10,332	0	0
PERSHING SQUARE TONTINE HLDG	COM CL A	71531R109	17	700	SH		SOLE		700	0	0
PONTEM CORPORATION	SHS CL A	G71707106	16	1,300	SH		SOLE		1,300	0	0
PPD INC	COM	69355F102	40	670	SH		SOLE		670	0	0
PRIMAVERA CAPITAL ACQUIST CO	*W EXP 01/19/202	G7255E117	3	2,500	SH		SOLE		2,500	0	0
RENREN INC	SPONSORED ADS	759892300	9	500	SH		SOLE		500	0	0
RMG ACQUISITION CORP III	CL A SHS	G76088106	10	800	SH		SOLE		800	0	0
SCIENCE STRATEGIC ACQ ALPHA	*W EXP 01/20/202	808641112	1	1,666	SH		SOLE		1,666	0	0
SCION TECH GROWTH I	CL A SHS	G31067104	7	600	SH		SOLE		600	0	0
SCORE MEDIA & GAMING INC	CL A SUB VTG SHS	80919D202	8	190	SH		SOLE		190	0	0
SEVERN BANCORP INC ANNAPOLIS	COM	81811M100	8	483	SH		SOLE		483	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	8	210	SH		SOLE		210	0	0
SHIP FIN INTL LTD	NOTE 4.875% 5/0	824689AG8	11,199	8,656,000	PRN		SOLE		8,656,000	0	0
SLAM CORP	CL A SHS	G8210L105	16	1,258	SH		SOLE		1,258	0	0
SOCIAL CAP SUVRETTA HLD CRPI	CLASS A ORD SHS	G8253W109	16	1,300	SH		SOLE		1,300	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G8251L113	118	49,750	SH		SOLE		49,750	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G82514111	3	1,250	SH		SOLE		1,250	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G8251L105	2,021	157,200	SH		SOLE		157,200	0	0
SOFI TECHNOLOGIES INC	*W EXP 05/28/202	83406F110	386	48,600	SH		SOLE		48,600	0	0
SPARTAN ACQUISITION CORP III	*W EXP 02/04/202	84677R114	0	250	SH		SOLE		250	0	0
SPORTSMANS WHSE HLDGS INC	COM	84920Y106	33	1,460	SH		SOLE		1,460	0	0
SQUARE INC	CL A	852234103	9,824	32,340	SH		SOLE		32,340	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	10,834	123,250	SH		SOLE		123,250	0	0
SSR MNG INC	NOTE 2.500% 4/0	784730AB9	9,090	6,250,000	PRN		SOLE		6,250,000	0	0
STAMPS COM INC	COM	852857200	8	20	SH		SOLE		20	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,189	38,450	SH		SOLE		38,450	0	0
STATE AUTO FINL CORP	COM	855707105	32	500	SH		SOLE		500	0	0
STITCH FIX INC	COM CL A	860897107	10,547	208,430	SH		SOLE		208,430	0	0
SWK HLDGS CORP	COM	78501P203	13	550	SH		SOLE		550	0	0
TCW SPECIAL PURPOSE ACQU COR	COM CL A	87301L106	16	1,300	SH		SOLE		1,300	0	0
TEXAS PACIFIC LAND CORPORATI	COM	88262P102	6,380	4,165	SH		SOLE		4,165	0	0
THIMBLE POINT ACQUISITION CO	*W EXP 02/04/202	88408P115	0	333	SH		SOLE		333	0	0
TRICIDA INC	NOTE 3.500% 5/1	89610FAB7	16,354	28,408,000	PRN		SOLE		28,408,000	0	0
TRILLIUM THERAPEUTICS INC	COM	89620X506	16	700	SH		SOLE		700	0	0
TWITTER INC	COM	90184L102	4,804	62,800	SH		SOLE		62,800	0	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	10,004	1,168,376	SH		SOLE		1,168,376	0	0
VECTOR ACQUISITION CORP II	CL A SHS	G9460A104	0	14	SH		SOLE		14	0	0
VEREIT INC	COM	92339V308	63	1,100	SH		SOLE		1,100	0	0
VIMEO INC	COMMON STOCK	92719V100	220	5,908	SH		SOLE		5,908	0	0
VIRGIN GROUP ACQUISIT CORP I	SHS CL A	G9460K102	16	1,288	SH		SOLE		1,288	0	0
WARBURG PINCUS CAPTAL CORP I	SHS CL A	G9460M108	11	900	SH		SOLE		900	0	0
WELBILT INC	COM	949090104	32	1,080	SH		SOLE		1,080	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	12,376	110,854	SH		SOLE		110,854	0	0