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
26 CAPITAL ACQUISITION CORP	COM CL A	90138P100	80	6,400	SH		SOLE		6,400	0	0
5 01 ACQUISITION CORP	COM CL A	33836P105	41	3,300	SH		SOLE		3,300	0	0
ACCELERATE ACQUISITION CORP	COM CL A	00439D102	80	6,500	SH		SOLE		6,500	0	0
ACCELERATE DIAGNOSTICS INC	NOTE 2.500% 3/1	00430HAB8	5,362	5,560,000	PRN		SOLE		5,560,000	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	231	3,910	SH		SOLE		3,910	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,788	11,900	SH		SOLE		11,900	0	0
ALTC ACQUISITION CORP	COM CL A	02156V109	79	6,346	SH		SOLE		6,346	0	0
ALTIMETER GROWTH CORP 2	COM CL A	G0371B109	80	6,400	SH		SOLE		6,400	0	0
AMERICAN NATIONAL GROUP INC	COM	02772A109	128	535	SH		SOLE		535	0	0
ANTERIX INC	COM	03676C100	52	700	SH		SOLE		700	0	0
APOLLO STRATEGIC GRWT CPTL I	SHS CL A	G0412A102	79	6,400	SH		SOLE		6,400	0	0
ARES ACQUISITION CORPORATION	COM CL A	G33032106	79	6,400	SH		SOLE		6,400	0	0
ATLANTIC CAP BANCSHARES INC	COM	048269203	204	5,600	SH		SOLE		5,600	0	0
AUSTERLITZ ACQUISITION CORP	COM CL A	G0633U101	80	6,500	SH		SOLE		6,500	0	0
AVANTI ACQUISITION CORP	SHS CL A	G0682V109	26	2,100	SH		SOLE		2,100	0	0
AVIAT NETWORKS INC	COM	05366Y201	10,555	260,109	SH		SOLE		260,109	0	0
B RILEY PRIN 250 MERGER CORP	CLASS A COM	05602L104	80	6,500	SH		SOLE		6,500	0	0
BAIDU INC	SPON ADR REP A	056752108	12,610	67,000	SH		SOLE		67,000	0	0
BAUSCH HEALTH COS INC	COM	071734107	7,125	203,925	SH		SOLE		203,925	0	0
BLOCK INC	CL A	852234103	6,566	32,140	SH		SOLE		32,140	0	0
BLUESCAPE OPPORTUNITIES ACQU	SHS	G1195N105	16	1,300	SH		SOLE		1,300	0	0
BOTTOMLINE TECH DEL INC	COM	101388106	207	2,900	SH		SOLE		2,900	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	3,373	44,150	SH		SOLE		44,150	0	0
BURFORD CAP LTD	ORD SHS	G17977110	18,738	1,402,762	SH		SOLE		1,402,762	0	0
CANO HEALTH INC	*W EXP 06/03/202	13781Y111	173	57,198	SH		SOLE		57,198	0	0
CASPER SLEEP INC	COM	147626105	192	22,700	SH		SOLE		22,700	0	0
CC NEUBERGER PRIN HLDGS II	SHS CL A	G3166T103	25	2,000	SH		SOLE		2,000	0	0
CF ACQUISITION CORP IV	COM CL A	12520T102	61	4,900	SH		SOLE		4,900	0	0
CHURCHILL CAPITAL CORP VI	COM CL A	17143W101	79	6,400	SH		SOLE		6,400	0	0
CHURCHILL CAPITAL CORP VII	COM CL A	17144M102	75	6,071	SH		SOLE		6,071	0	0
CIT GROUP INC	COM NEW	125581801	164	2,530	SH		SOLE		2,530	0	0
COHN ROBBINS HOLDINGS CORP	COM CL A	G23726105	50	4,000	SH		SOLE		4,000	0	0
COINBASE GLOBAL INC	COM CL A	19260Q107	798	2,500	SH		SOLE		2,500	0	0
COLFAX CORP	COM	194014106	832	14,312	SH		SOLE		14,312	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	810	4,300	SH		SOLE		4,300	0	0
COMPUTE HEALTH ACQUISITIN CO	COM CL A	204833107	80	6,500	SH		SOLE		6,500	0	0
COREPOINT LODGING INC	COM	21872L104	79	4,000	SH		SOLE		4,000	0	0
CORVUS GOLD INC	COM	221013105	162	39,600	SH		SOLE		39,600	0	0
DECARBONIZATION PLUS ACQU II	*W EXP 01/19/202	242794113	1	333	SH		SOLE		333	0	0
DISCOVERY INC	COM SER C	25470F302	1,089	37,600	SH		SOLE		37,600	0	0
DUNE ACQUISITION CORP	COM CL A	265334102	80	6,400	SH		SOLE		6,400	0	0
E MERGE TECHNOLOGY ACQUISITI	COM CL A	26873Y104	41	3,300	SH		SOLE		3,300	0	0
EAGLE BULK SHIPPING INC	NOTE 5.000% 8/0	269442AB5	5,487	3,063,000	PRN		SOLE		3,063,000	0	0
EBIX INC	COM NEW	278715206	6,053	157,407	SH		SOLE		157,407	0	0
EGAIN CORP	COM NEW	28225C806	7,335	581,018	SH		SOLE		581,018	0	0
ELLIOTT OPPORTUNITY II CORP	SHS CL A	G30092103	79	6,399	SH		SOLE		6,399	0	0
ELMIRA SVGS BK ELMIRA N Y	COM	289660102	165	5,700	SH		SOLE		5,700	0	0
FIRSTMARK HORIZON ACQUISITIO	CL A COM	33765Y101	80	6,400	SH		SOLE		6,400	0	0
FIRSTSERVICE CORP NEW	COM	33767E202	671	2,700	SH		SOLE		2,700	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	237	3,900	SH		SOLE		3,900	0	0
FLUOR CORP NEW	COM	343412102	6,633	211,700	SH		SOLE		211,700	0	0
FORTRESS CAPITAL ACQUISITION	SHS CL A	G36427105	4	335	SH		SOLE		335	0	0
FORTRESS VALUE ACQUISI CORP	COM CL A	34964K108	79	6,400	SH		SOLE		6,400	0	0
FTAC HERA ACQUISITION CORP	CLASS A ORD SHS	G3728Y103	80	6,500	SH		SOLE		6,500	0	0
FTS INTERNATIONAL INC	COM NEW CL A	30283W302	7,335	220,900	SH		SOLE		220,900	0	0
FUSION ACQUISITION CORP II	COM CL A	36118N102	80	6,500	SH		SOLE		6,500	0	0
GCP APPLIED TECHNOLOGIES INC	COM	36164Y101	160	4,000	SH		SOLE		4,000	0	0
GO ACQUISITION CORP	COM	362019101	50	4,000	SH		SOLE		4,000	0	0
GOLDEN NUGGET ONLINE GAMIN	COM CL A	38113L107	37	2,900	SH		SOLE		2,900	0	0
GREAT WESTERN BANCORP INC	COM	391416104	168	3,900	SH		SOLE		3,900	0	0
GREENSKY INC	CL A	39572G100	154	10,700	SH		SOLE		10,700	0	0
HAMILTON LANE ALLIANCE HLDGS	COM CL A	40749M103	80	6,500	SH		SOLE		6,500	0	0
HEALTH ASSURN ACQUISITION CO	COM CL A	42226W109	65	5,280	SH		SOLE		5,280	0	0
HELLO GROUP INC	NOTE 1.250% 7/0	60879BAB3	3,834	3,500,000	PRN		SOLE		3,500,000	0	0
HIGHLAND TRANSCEND PARTNERS	COM CL A	G44690108	49	3,900	SH		SOLE		3,900	0	0
HOWARD HUGHES CORP	COM	44267D107	7,034	54,637	SH		SOLE		54,637	0	0
HUDSON EXECUTIVE INVES III	COM CL A	44376L107	80	6,500	SH		SOLE		6,500	0	0
HUDSON EXECUTIVE INVS CORP I	COM CL A	443760103	80	6,500	SH		SOLE		6,500	0	0
IAC INTERACTIVECORP NEW	COM NEW	44891N208	5,704	34,500	SH		SOLE		34,500	0	0
INDEPENDENCE HOLDINGS CORP	CLASS A ORD SHS	G4761A101	80	6,506	SH		SOLE		6,506	0	0
INFINERA CORP	NOTE 2.125% 9/0	45667GAC7	1,716	1,134,000	PRN		SOLE		1,134,000	0	0
INFINERA CORP	NOTE 2.500% 3/0	45667GAE3	1,870	1,000,000	PRN		SOLE		1,000,000	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	13,010	129,500	SH		SOLE		129,500	0	0
JAWS HURRICANE ACQUISITN COR	UNIT 06/08/2026	47201B202	126	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
JAWS MUSTANG ACQUISITION COR	SHS CL A	G50737108	79	6,400	SH		SOLE		6,400	0	0
JD.COM INC	SPON ADR CL A	47215P106	8,589	96,905	SH		SOLE		96,905	0	0
KALEYRA INC	COM	483379103	728	57,314	SH		SOLE		57,314	0	0
KARYOPHARM THERAPEUTICS INC	NOTE 3.000%10/1	48576UAA4	3,127	3,000,000	PRN		SOLE		3,000,000	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	1,377	45,600	SH		SOLE		45,600	0	0
KHOSLA VENTURES ACQUT CO III	COM CL A	482506102	41	3,300	SH		SOLE		3,300	0	0
KKR & CO INC	COM	48251W104	11,545	122,508	SH		SOLE		122,508	0	0
KKR ACQUISITION HOLDING I CO	COM CLASS A	48253T109	80	6,500	SH		SOLE		6,500	0	0
KRATON CORP	COM	50077C106	135	2,300	SH		SOLE		2,300	0	0
LANDCADIA HOLDINGS IV INC	CLASS A COM	51477A104	80	6,500	SH		SOLE		6,500	0	0
LAZARD GROWTH ACQUISITION CO	CL A ORD SHS	G54035103	80	6,500	SH		SOLE		6,500	0	0
LEAD EDGE GROWTH OPRTUNTS LT	*W EXP 04/01/202	G54085116	2	2,500	SH		SOLE		2,500	0	0
LENDINGTREE INC	NOTE 0.500% 7/1	52603BAD9	5,288	5,000,000	PRN		SOLE		5,000,000	0	0
LENDINGTREE INC	NOTE 0.625% 6/0	52603BAA5	8,170	6,500,000	PRN		SOLE		6,500,000	0	0
LEVEL ONE BANCORP INC	COM	52730D208	200	4,000	SH		SOLE		4,000	0	0
LUX HEALTH TECH ACQUISITION	*W EXP 11/30/202	55068A118	35	32,999	SH		SOLE		32,999	0	0
MAGELLAN HEALTH INC	COM NEW	559079207	88	736	SH		SOLE		736	0	0
MAGNACHIP SEMICONDUCTOR CORP	COM	55933J203	56	2,100	SH		SOLE		2,100	0	0
MANDIANT INC	NOTE 0.875% 6/0	31816QAF8	3,969	3,000,000	PRN		SOLE		3,000,000	0	0
MASON INDUSTRIAL TECHNOLGY I	COM CL A	57520Y106	80	6,500	SH		SOLE		6,500	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	11,721	313,561	SH		SOLE		313,561	0	0
MCAFEE CORP	COM CL A	579063108	108	3,300	SH		SOLE		3,300	0	0
MICROSTRATEGY INC	CL A NEW	594972408	2,066	3,000	SH		SOLE		3,000	0	0
MONEYGRAM INTL INC	COM NEW	60935Y208	46	4,600	SH		SOLE		4,600	0	0
NATERA INC	COM	632307104	293	2,478	SH		SOLE		2,478	0	0
NEOPHOTONICS CORP	COM	64051T100	161	8,300	SH		SOLE		8,300	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,792	3,660	SH		SOLE		3,660	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	109	1,557	SH		SOLE		1,557	0	0
OAKTREE ACQUISITION CORP II	CL A SHS	G6715X103	50	4,000	SH		SOLE		4,000	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	10,677	6,000,000	PRN		SOLE		6,000,000	0	0
PAE INC	COM CL A	69290Y109	187	14,900	SH		SOLE		14,900	0	0
PAR TECHNOLOGY CORP	COM	698884103	10,178	152,481	SH		SOLE		152,481	0	0
PARATEK PHARMACEUTICALS INC	NOTE 4.750% 5/0	699374AB0	24,802	21,060,000	PRN		SOLE		21,060,000	0	0
PARTNERS BANCORP	COM	70213Q108	76	6,148	SH		SOLE		6,148	0	0
PEAR THERAPEUTICS INC	*W EXP 99/99/999 ADDED	704723113	0	333	SH		SOLE		333	0	0
PELOTON INTERACTIVE INC	CL A COM	70614W100	13,907	307,400	SH		SOLE		307,400	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	158	7,000	SH		SOLE		7,000	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	80	3,200	SH		SOLE		3,200	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	187	4,100	SH		SOLE		4,100	0	0
PONTEM CORPORATION	SHS CL A	G71707106	26	2,100	SH		SOLE		2,100	0	0
PRECIGEN INC	NOTE 3.500% 7/0	46122TAA0	22,865	22,400,000	PRN		SOLE		22,400,000	0	0
PRIMAVERA CAPITAL ACQUIST CO	*W EXP 01/19/202	G7255E117	2	2,500	SH		SOLE		2,500	0	0
REVOLUTION HEALTHCAR AQ CORP	CLASS A COM	76155Y108	80	6,477	SH		SOLE		6,477	0	0
RMG ACQUISITION CORP III	CL A SHS	G76088106	26	2,100	SH		SOLE		2,100	0	0
ROGERS CORP	COM	775133101	155	450	SH		SOLE		450	0	0
SANGOMA TECHNOLOGIES CORP COM	NEW ADDED	80100R408	30,591	1,401,970	SH		SOLE		1,401,970	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	79	6,400	SH		SOLE		6,400	0	0
SFL CORPORATION LTD	NOTE 4.875% 5/0	824689AG8	10,974	8,656,000	PRN		SOLE		8,656,000	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	142	3,710	SH		SOLE		3,710	0	0
SIERRA WIRELESS INC	COM	826516106	6,525	292,600	SH		SOLE		292,600	0	0
SLAM CORP	CL A SHS	G8210L105	41	3,300	SH		SOLE		3,300	0	0
SOCIAL CAP SUVRETTA HLD CRPI	CLASS A ORD SHS	G8253W109	32	2,530	SH		SOLE		2,530	0	0
SOCIAL CAP SUVRETTA HLDS CP	CLASS A ORD SHS	G8253Y105	79	6,400	SH		SOLE		6,400	0	0
SOCIAL CAP SUVRETTA HLDS CRP	CLASS A ORD SHS	G8253T106	72	5,700	SH		SOLE		5,700	0	0
SOCIAL CAP SUVRETTA HLDS CRP	CLASS A ORD SHS	G8253U103	80	6,400	SH		SOLE		6,400	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	*W EXP 09/26/202	G8251L113	120	48,500	SH		SOLE		48,500	0	0
SPARTAN ACQUISITION CORP III	*W EXP 02/04/202	84677R114	0	250	SH		SOLE		250	0	0
SPIRE GLOBAL INC	COM CL A	848560108	1,267	296,433	SH		SOLE		296,433	0	0
SPX FLOW INC	COM	78469X107	142	1,300	SH		SOLE		1,300	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	13,538	130,550	SH		SOLE		130,550	0	0
SSR MNG INC	NOTE 2.500% 4/0	784730AB9	6,342	4,000,000	PRN		SOLE		4,000,000	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,053	34,250	SH		SOLE		34,250	0	0
STATE AUTO FINL CORP	COM	855707105	131	2,000	SH		SOLE		2,000	0	0
STITCH FIX INC	COM CL A	860897107	19,628	820,000	SH		SOLE		820,000	0	0
TABULA RASA HEALTHCARE INC	NOTE 1.750% 2/1	873379AA9	8,481	8,000,000	PRN		SOLE		8,000,000	0	0
TCW SPECIAL PURPOSE ACQU COR	COM CL A	87301L106	80	6,500	SH		SOLE		6,500	0	0
TEXAS PACIFIC LAND CORPORATI	COM	88262P102	6,517	4,125	SH		SOLE		4,125	0	0
TRICIDA INC	NOTE 3.500% 5/1	89610FAB7	17,304	24,408,000	PRN		SOLE		24,408,000	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	161	4,200	SH		SOLE		4,200	0	0
TWITTER INC	COM	90184L102	5,150	94,200	SH		SOLE		94,200	0	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	10,743	1,086,085	SH		SOLE		1,086,085	0	0
VECTOR ACQUISITION CORP II	CL A SHS	G9460A104	2	146	SH		SOLE		146	0	0
VELO3D INC	*W EXP 12/01/202	92259N112	10	5,000	SH		SOLE		5,000	0	0
VERSO CORP	CL A	92531L207	161	4,700	SH		SOLE		4,700	0	0
VIRGIN GROUP ACQUISIT CORP I	SHS CL A	G9460K102	55	4,400	SH		SOLE		4,400	0	0
WARBURG PINCUS CAPTAL CORP I	SHS CL A	G9460M108	80	6,500	SH		SOLE		6,500	0	0
WARBURG PINCUS CAPTAL CORP I	SHS CL A	G9461D107	4	329	SH		SOLE		329	0	0
WELBILT INC	COM	949090104	213	7,080	SH		SOLE		7,080	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	16,153	199,970	SH		SOLE		199,970	0	0