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
ABRDN ASIA PACIFIC INCOME FU	COM	003009107	7,765	2,160,000	SH		SOLE		2,160,000	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	665	8,760	SH		SOLE		8,760	0	0
AGROFRESH SOLUTIONS INC	COM	00856G109	1,098	270,846	SH		SOLE		270,846	0	0
ALLEGO N V	*W EXP 03/16/202	N0796A118	0	250	SH		SOLE		250	0	0
ALTC ACQUISITION CORP	COM CL A	02156V109	477	34,776	SH		SOLE		34,776	0	0
ALTIMAR ACQUISITION CORP III	SHS CL A	G0370U108	263	19,294	SH		SOLE		19,294	0	0
ALTITUDE ACQUISITION CORP	COM CL A	02156Y103	665	48,368	SH		SOLE		48,368	0	0
AMERICAN ACQUISITION OPPT IN	CLASS A COM	02369M102	80	5,832	SH		SOLE		5,832	0	0
AMRYT PHARMA PLC	SPONSORED ADS	03217L106	1,879	95,370	SH		SOLE		95,370	0	0
ANTERIX INC	COM	03676C100	5,654	126,500	SH		SOLE		126,500	0	0
APOLLO STRATEGIC GRWT CPTL I	SHS CL A	G0412A102	212	15,272	SH		SOLE		15,272	0	0
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	798	20,170	SH		SOLE		20,170	0	0
ARISZ ACQUISITION CORP	COMMON STOCK	040450108	284	20,390	SH		SOLE		20,390	0	0
ATLAS TECHNICAL CONSULTANTS	COM CLS A	049430101	972	59,050	SH		SOLE		59,050	0	0
AVIAT NETWORKS INC	COM NEW	05366Y201	6,032	129,524	SH		SOLE		129,524	0	0
B RILEY PRIN 250 MERGER CORP	CLASS A COM	05602L104	158	11,490	SH		SOLE		11,490	0	0
BAIDU INC	SPON ADR REP A	056752108	5,464	26,790	SH		SOLE		26,790	0	0
BANDWIDTH INC	NOTE 0.250% 3/0	05988JAB9	4,222	4,000,000	PRN		SOLE		4,000,000	0	0
BANDWIDTH INC	NOTE 0.500% 4/0	05988JAD5	10,542	12,000,000	PRN		SOLE		12,000,000	0	0
BANNER ACQUISITION CORP	CLASS A COM	06654K101	181	13,102	SH		SOLE		13,102	0	0
BERENSON ACQUISITION CORP I	CL A COM	083690107	59	4,351	SH		SOLE		4,351	0	0
BERKSHIRE GREY INC	COM CL A	084656107	746	401,610	SH		SOLE		401,610	0	0
BEYOND MEAT INC	NOTE 3/1	08862EAB5	2,595	8,000,000	PRN		SOLE		8,000,000	0	0
BLACK KNIGHT INC	COM	09215C105	1,569	20,170	SH		SOLE		20,170	0	0
BLACK MOUNTAIN ACQ CORP	CL A COM	09216A108	123	8,783	SH		SOLE		8,783	0	0
BLOCK INC	CL A	852234103	2,517	27,130	SH		SOLE		27,130	0	0
BLUE SAFARI GRP ACQUISITN CO	CLASS A ORD SHS	G1195R106	775	52,830	SH		SOLE		52,830	0	0
BLUERIVER ACQUISITION CORP	CL A ORD SHS	G1261Q107	2	126	SH		SOLE		126	0	0
BLUESCAPE OPPORTUNITIES ACQU	SHS	G1195N105	219	16,257	SH		SOLE		16,257	0	0
BROOKFIELD CORP	CL A LTD VT SH	11271J107	1,457	33,090	SH		SOLE		33,090	0	0
BURFORD CAP LTD	ORD SHS	G17977110	10,734	718,082	SH		SOLE		718,082	0	0
CANO HEALTH INC	*W EXP 06/03/202	13781Y111	12	53,598	SH		SOLE		53,598	0	0
CARDIOVASCULAR SYS INC DEL	COM	141619106	814	30,330	SH		SOLE		30,330	0	0
CHEMBIO DIAGNOSTICS INC	COM NEW	163572209	88	147,459	SH		SOLE		147,459	0	0
CHURCHILL CAPITAL CORP VI	COM CL A	17143W101	1,432	104,780	SH		SOLE		104,780	0	0
CHURCHILL CAPITAL CORP	VII COM CL A	17144M102	1,436	104,766	SH		SOLE		104,766	0	0
COINBASE GLOBAL INC	COM CL A	19260Q107	265	2,900	SH		SOLE		2,900	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	767	5,380	SH		SOLE		5,380	0	0
CORNER GROWTH ACQUISITION CO	CL A SHS	G2425N105	96	7,060	SH		SOLE		7,060	0	0
CVENT HOLDING CORP	COMMON STOCK	126677103	1,390	123,110	SH		SOLE		123,110	0	0
DIVERSEY HLDGS LTD	ORD SHS	G28923103	814	74,410	SH		SOLE		74,410	0	0
DOCEBO INC	COM	25609L105	6,482	117,820	SH		SOLE		117,820	0	0
DUET ACQUISITION CORP	CLASS A COM	26431Q106	530	37,860	SH		SOLE		37,860	0	0
EDIFY ACQUISITION CORP	CL A	28059Q103	69	5,013	SH		SOLE		5,013	0	0
EGAIN CORP	COM NEW	28225C806	3,740	364,623	SH		SOLE		364,623	0	0
ELLIOTT OPPORTUNITY II CORP	SHS CL A	G30092103	158	11,399	SH		SOLE		11,399	0	0
ESPERION THERAPEUTICS INC NE	NOTE 4.000%11/1	29664WAB1	9,826	17,454,000	PRN		SOLE		17,454,000	0	0
FIRST HORIZON CORPORATION	COM	320517105	836	34,810	SH		SOLE		34,810	0	0
FIRST LT ACQUISITION GROUP I	CL A	320703101	921	66,323	SH		SOLE		66,323	0	0
FIRST MAJESTIC SILVER CORP	NOTE 0.375% 1/1	32076VAD5	18,245	17,500,000	PRN		SOLE		17,500,000	0	0
FIRSTSERVICE CORP NEW	COM	33767E202	518	2,720	SH		SOLE		2,720	0	0
FOCUS FINL PARTNERS INC	COM CL A	34417P100	739	10,550	SH		SOLE		10,550	0	0
FORGEROCK INC	CL A	34631B101	1,042	37,430	SH		SOLE		37,430	0	0
FORUM ENERGY TECHNOLOGIES IN	COM	34984V209	8,618	250,757	SH		SOLE		250,757	0	0
FORUM ENERGY TECHNOLOGIES IN	NOTE 9.000% 8/0	34984VAC4	9,838	7,377,675	PRN		SOLE		7,377,675	0	0
FTAC EMERALD ACQUISITION COR	CLASS A COM	29103K100	137	9,935	SH		SOLE		9,935	0	0
GOLDENBRIDGE ACQUISITION LTD	SHS	G3970D104	31	2,130	SH		SOLE		2,130	0	0
HAWKS ACQUISITION CORP	CL A	42032P108	773	56,230	SH		SOLE		56,230	0	0
HORIZON THERAPEUTICS PUB L	SHS	G46188101	398	2,700	SH		SOLE		2,700	0	0
HOWARD HUGHES CORP	COM	44267D107	3,550	32,834	SH		SOLE		32,834	0	0
IAC INC	COM NEW	44891N208	2,001	28,700	SH		SOLE		28,700	0	0
INDUS REALTY TRUST INC	COM	45580R103	1,185	13,230	SH		SOLE		13,230	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	5,487	49,178	SH		SOLE		49,178	0	0
INTERCEPT PHARMACEUTICALS IN	NOTE 2.000% 5/1	45845PAB4	13,303	11,795,000	PRN		SOLE		11,795,000	0	0
JAWS HURRICANE ACQUISITN COR	*W EXP 03/26/202	47201B111	1	2,500	SH		SOLE		2,500	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	3,360	56,665	SH		SOLE		56,665	0	0
JOUNCE THERAPEUTICS INC	COM	481116101	616	246,310	SH		SOLE		246,310	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	923	41,150	SH		SOLE		41,150	0	0
KENSINGTON CAPITAL ACQUISITI	SHS CL A	G5251K103	513	36,400	SH		SOLE		36,400	0	0
KIMBALL INTL INC	CL B	494274103	784	46,810	SH		SOLE		46,810	0	0
KKR & CO INC	COM	48251W104	7,000	98,620	SH		SOLE		98,620	0	0
LANVIN GROUP HOLDINGS LIMITE	*W EXP 01/14/202	G5380J118	1	2,500	SH		SOLE		2,500	0	0
LIBERTY BROADBAND CORP	COM SER C	530307305	690	6,250	SH		SOLE		6,250	0	0
MAGNACHIP SEMICONDUCTOR CORP	COM	55933J203	35	2,800	SH		SOLE		2,800	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	1,594	23,130	SH		SOLE		23,130	0	0
MAXEON SOLAR TECHNOLOGIES LT	NOTE 6.500% 7/1	57779BAB0	1,586	740,000	PRN		SOLE		740,000	0	0
MICROCHIP TECHNOLOGY INC.	COM	595017104	1,026	9,060	SH		SOLE		9,060	0	0
MOMENTIVE GLOBAL INC	COM	60878Y108	1,029	81,680	SH		SOLE		81,680	0	0
MONEYGRAM INTL INC	COM NEW	60935Y208	1,543	109,700	SH		SOLE		109,700	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	4,654	761,935	SH		SOLE		761,935	0	0
NEOLEUKIN THERAPEUTICS INC	COM	64049K104	6	6,709	SH		SOLE		6,709	0	0
NEXGEN ENERGY LTD	COM	65340P106	59	11,300	SH		SOLE		11,300	0	0
NORTH AMERN CONSTR GROUP LTD	COM	656811106	1,012	44,910	SH		SOLE		44,910	0	0
NORTHROP GRUMMAN CORP	COM	666807102	468	750	SH		SOLE		750	0	0
NUVASIVE INC	COM	670704105	419	7,500	SH		SOLE		7,500	0	0
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	10,498	650,000	SH		SOLE		650,000	0	0
OPKO HEALTH INC	NOTE 4.500% 2/1	68375NAD5	17,548	14,000,000	PRN		SOLE		14,000,000	0	0
OXBRIDGE ACQUISITION CORP	COM CL A	G6855L109	0	4	SH		SOLE		4	0	0
PAR TECHNOLOGY CORP	COM	698884103	12,748	277,761	SH		SOLE		277,761	0	0
PARATEK PHARMACEUTICALS INC	NOTE 4.750% 5/0	699374AB0	15,930	15,510,000	PRN		SOLE		15,510,000	0	0
PEAR THERAPEUTICS INC	*W EXP 12/03/202	704723113	0	333	SH		SOLE		333	0	0
PELOTON INTERACTIVE INC	CL A COM	70614W100	5,167	337,090	SH		SOLE		337,090	0	0
PROVENTION BIO INC	COM	74374N102	920	28,250	SH		SOLE		28,250	0	0
QUALTRICS INTL INC	COM CL A	747601201	337	14,000	SH		SOLE		14,000	0	0
RADIUS GLOBAL INFRASTRCTRE I	COM CL A	750481103	1,404	70,810	SH		SOLE		70,810	0	0
REDWOODS ACQUISITION CORP	COM	758083109	580	41,558	SH		SOLE		41,558	0	0
RMG ACQUISITION CORP III	CL A SHS	G76088106	55	4,059	SH		SOLE		4,059	0	0
SANGOMA TECHNOLOGIES CORP	COM NEW	80100R408	12,185	2,398,707	SH		SOLE		2,398,707	0	0
SEAGEN INC	COM	81181C104	397	1,450	SH		SOLE		1,450	0	0
SEMLER SCIENTIFIC INC	COM	81684M104	153	4,200	SH		SOLE		4,200	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	972	24,030	SH		SOLE		24,030	0	0
SILVERBOX CORP III	UNIT 02/28/2028	82836N206	14	1,000	SH		SOLE		1,000	0	0
SISECAM RESOURCES LP	COM UNIT LTD	172464109	1,220	35,942	SH		SOLE		35,942	0	0
SNAP INC	NOTE 0.125% 3/0	83304AAH9	2,865	3,000,000	PRN		SOLE		3,000,000	0	0
SNAP INC	NOTE 5/0	83304AAF3	1,983	2,000,000	PRN		SOLE		2,000,000	0	0
SOCIAL CAP SUVRETTA HLDS CP	CLASS A ORD SHS	G8253Y105	137	9,910	SH		SOLE		9,910	0	0
SOCIAL CAP SUVRETTA HLDS CRP	CLASS A ORD SHS	G8253U103	158	11,440	SH		SOLE		11,440	0	0
SPIRIT AIRLS INC	COM	848577102	787	33,930	SH		SOLE		33,930	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	5,310	69,570	SH		SOLE		69,570	0	0
SSR MINING IN	NOTE 2.500% 4/0	784730AB9	7,435	5,000,000	PRN		SOLE		5,000,000	0	0
STARBUCKS CORP	COM	855244109	736	5,230	SH		SOLE		5,230	0	0
STARWOOD PPTY TR INC	COM	85571B105	751	31,400	SH		SOLE		31,400	0	0
STITCH FIX INC	COM CL A	860897107	287	41,580	SH		SOLE		41,580	0	0
SUMO LOGIC INC	COM	86646P103	794	49,050	SH		SOLE		49,050	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	754	6,000	SH		SOLE		6,000	0	0
TEGNA INC	COM	87901J105	532	23,280	SH		SOLE		23,280	0	0
TEXAS PACIFIC LAND CORPORATI	COM	88262P102	3,281	1,427	SH		SOLE		1,427	0	0
TRAVELCENTERS OF AMERICA INC	COM NEW	89421B109	1,070	9,150	SH		SOLE		9,150	0	0
TREAN INS GROUP INC	COM	89457R101	799	96,580	SH		SOLE		96,580	0	0
TRITIUM DCFC LIMITED	*W EXP 01/13/202	Q9225T116	0	333	SH		SOLE		333	0	0
U S XPRESS ENTERPRISES INC	COM CL A	90338N202	783	97,489	SH		SOLE		97,489	0	0
UNIVAR SOLUTIONS INC	COM	91336L107	819	17,290	SH		SOLE		17,290	0	0
VELO3D INC	*W EXP 09/29/202	92259N112	3	5,000	SH		SOLE		5,000	0	0
WARNER BROS DISCOVERY INC	COM SER A	934423104	551	27,000	SH		SOLE		27,000	0	0
WELSBACH TECH METALS ACQU CO	COM	950415109	719	51,231	SH		SOLE		51,231	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	6,461	556,522	SH		SOLE		556,522	0	0
WESTERN ASST INFLTN LKD INM	COM SH BEN INT	95766Q106	1	128	SH		SOLE		128	0	0
WESTERN AST INFL LKD OPP & I	COM	95766R104	3,554	287,378	SH		SOLE		287,378	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	6,676	111,077	SH		SOLE		111,077	0	0