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
3M CO	COM	88579Y101	454,843	3,140	SH		SOLE		3,140	0	0
ACCELERATE DIAGNOSTICS INC	NOTE 5.000%12/1	00430HAC6	1,758,142	1,995,263	PRN		SOLE		1,995,263	0	0
ALPHA PARTNERS TECH MERGR CO	CLASS A ORD SHS	G63290111	794	56	SH		SOLE		56	0	0
ALTERYX INC	COM CL A	02156B103	899,847	14,400	SH		SOLE		14,400	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	1,194,835	16,160	SH		SOLE		16,160	0	0
AMERICAN NATL BANKSHARES INC	COM	027745108	760,297	11,770	SH		SOLE		11,770	0	0
ANTERIX INC	COM	03676C100	101,547	2,300	SH		SOLE		2,300	0	0
AVIAT NETWORKS INC	COM NEW	05366Y201	5,605,298	129,524	SH		SOLE		129,524	0	0
BAIDU INC	SPON ADR REP A	056752108	773,221	4,900	SH		SOLE		4,900	0	0
BANC OF CALIFORNIA INC	COM	05990K106	53	3	SH		SOLE		3	0	0
BANDWIDTH INC	NOTE 0.500% 4/0	05988JAD5	18,338,398	21,700,000	PRN		SOLE		21,700,000	0	0
BATTALION OIL CORP	COM	07134L107	655,787	51,500	SH		SOLE		51,500	0	0
BRAGG GAMING GROUP INC	COM NEW	104833306	32,544	4,800	SH		SOLE		4,800	0	0
BROOKFIELD CORP	CL A LTD VT SH	11271J107	1,272,411	23,940	SH		SOLE		23,940	0	0
BURFORD CAP LTD	ORD SHS	G17977110	16,743,435	810,005	SH		SOLE		810,005	0	0
CAPRI HOLDINGS LIMITED	SHS	G1890L107	501,942	7,540	SH		SOLE		7,540	0	0
CAPSTAR FINL HLDGS INC	COM	14070T102	549,420	22,126	SH		SOLE		22,126	0	0
CEREVEL THERAPEUTICS HLDNG I	COM	15678U128	528,112	9,400	SH		SOLE		9,400	0	0
CHICOS FAS INC	COM	168615102	1,030,402	102,590	SH		SOLE		102,590	0	0
COLOMBIER ACQUISITION CORP I	UNIT 99/99/9999	G2283U126	267,130	20,000	SH		SOLE		20,000	0	0
CONSOLIDATED COMM HLDGS INC COM	CL A LTD VT SH	209034107	514,146	89,200	SH		SOLE		89,200	0	0
CSI COMPRESSCO LP	COM UNIT	12637A103	179,063	82,906	SH		SOLE		82,906	0	0
DASEKE INC	COM	23753F107	463,060	43,144	SH		SOLE		43,144	0	0
DMY SQUARED TECHNOLOGY GROUP	CL A COM	233276104	490,189	34,900	SH		SOLE		34,900	0	0
DOCEBO INC	COM	25609L105	7,539,302	117,820	SH		SOLE		117,820	0	0
DOLLAR GEN CORP NEW	COM	256677105	407,118	2,260	SH		SOLE		2,260	0	0
DUET ACQUISITION CORP	CLASS A COM	26431Q106	4,429	305	SH		SOLE		305	0	0
EAGLE BULK SHIPPING INC	COM	Y2187A150	212,883	2,900	SH		SOLE		2,900	0	0
EARGO INC	COM NEW	270087208	43,952	12,807	SH		SOLE		12,807	0	0
EGAIN CORP	COM NEW	28225C806	2,556,511	231,617	SH		SOLE		231,617	0	0
ENGAGESMART INC	COMMON STOCK	29283F103	430,060	14,173	SH		SOLE		14,173	0	0
ESPERION THERAPEUTICS INC NE	NOTE 4.000%11/1	29664WAB1	32,542,716	41,029,000	PRN		SOLE		41,029,000	0	0
FINTECH ECOSYSTEM DEVE	CLASS A COM	318136108	24,617	1,721	SH		SOLE		1,721	0	0
FIRST MAJESTIC SILVER CORP	NOTE 0.375% 1/1	32076VAD5	24,442,303	23,500,000	PRN		SOLE		23,500,000	0	0
FIRSTSERVICE CORP NEW	COM	33767E202	583,848	2,720	SH		SOLE		2,720	0	0
FOCUS IMPACT ACQUISITION COR	CLASS A COM	34417L109	364,017	25,100	SH		SOLE		25,100	0	0
FORUM ENERGY TECHNOLOGIES IN	COM	34984V209	5,849,479	199,122	SH		SOLE		199,122	0	0
FREELINE THERAPEUTICS HLDGS	SPONSORED ADS	35655L206	509,018	60,401	SH		SOLE		60,401	0	0
GAN LTD	SHS	G3728V109	638,550	305,004	SH		SOLE		305,004	0	0
GIGCAPITAL 5 INC	COMMON STOCK	37519U109	61	4	SH		SOLE		4	0	0
GORES HOLDINGS IX INC	CLASS A COM	38287A101	358,956	25,800	SH		SOLE		25,800	0	0
GRACELL BIOTECHNOLOGIES INC	SPONSORED ADS	38406L103	300,260	22,570	SH		SOLE		22,570	0	0
HAWAIIAN HOLDINGS INC	COM	419879101	48,921	2,600	SH		SOLE		2,600	0	0
HOLLYSYS AUTOMATION TCHNGY L	SHS	G45667105	796,064	22,800	SH		SOLE		22,800	0	0
ICLICK INTERACTIVE ASIA GROU	SPON ADS NEW	45113Y203	158,338	31,200	SH		SOLE		31,200	0	0
ICOSAVAX INC	COM	45114M109	279,579	13,388	SH		SOLE		13,388	0	0
IMMUNOGEN INC	COM	45253H101	1,083,556	27,580	SH		SOLE		27,580	0	0
INFLECTION PT ACQUISITN CRP	CL A ORD SHS	G4790U102	342,194	25,000	SH		SOLE		25,000	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	4,189,331	38,138	SH		SOLE		38,138	0	0
INTERNATIONAL MEDIA ACQUISIT	CLASS A COM	459867107	111,618	7,448	SH		SOLE		7,448	0	0
JAWS MUSTANG ACQUISITION COR	*W EXP 01/30/202	G50737124	13	250	SH		SOLE		250	0	0
KARUNA THERAPEUTICS INC	COM	48576A100	796,844	1,900	SH		SOLE		1,900	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	1,145,992	69,860	SH		SOLE		69,860	0	0
KKR & CO INC	COM	48251W104	6,259,678	57,020	SH		SOLE		57,020	0	0
LANVIN GROUP HOLDINGS LIMITE	*W EXP 01/14/202	G5380J118	464	2,500	SH		SOLE		2,500	0	0
LL FLOORING HOLDINGS INC	COM	55003T107	26,924	5,210	SH		SOLE		5,210	0	0
MAGNITE INC	NOTE 0.250% 3/1	55955DAB6	2,285,049	2,000,000	PRN		SOLE		2,000,000	0	0
METAL SKY STAR ACQUISITION C	ORDINARY SHARES	G6053N105	239,185	16,500	SH		SOLE		16,500	0	0
MICROCHIP TECHNOLOGY INC.	COM	595017104	855,570	7,160	SH		SOLE		7,160	0	0
MIRATI THERAPEUTICS INC	COM	60468T105	511,453	6,570	SH		SOLE		6,570	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	6,099,068	987,746	SH		SOLE		987,746	0	0
NATIONAL WESTN LIFE GROUP IN	CL A	638517102	1,152,046	1,800	SH		SOLE		1,800	0	0
NEOGAMES S A	SHS	L6673X107	1,142,258	30,110	SH		SOLE		30,110	0	0
NEXGEN ENERGY LTD	COM	65340P106	50,058	5,400	SH		SOLE		5,400	0	0
NORTH AMERN CONSTR GROUP LTD	COM	656811106	674,107	24,380	SH		SOLE		24,380	0	0
NORTHROP GRUMMAN CORP	COM	666807102	465,232	750	SH		SOLE		750	0	0
NORTHVIEW ACQUISITION CORP	COM	66718N103	245,913	16,600	SH		SOLE		16,600	0	0
NUVEEN AMT FREE MUN CR INC F	COM	67071L106	7,970,000	508,872	SH		SOLE		508,872	0	0
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	13,260,835	909,800	SH		SOLE		909,800	0	0
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	11,856,203	757,000	SH		SOLE		757,000	0	0
NUVEEN QUALITY MUNCP INCOME	COM	67066V101	12,896,049	850,000	SH		SOLE		850,000	0	0
OLINK HLDG AB	SPONSORED ADS	680710100	520,537	15,620	SH		SOLE		15,620	0	0
OPKO HEALTH INC	NOTE 4.500% 2/1	68375NAD5	18,534,932	14,000,000	PRN		SOLE		14,000,000	0	0
ORCHARD THERAPEUTICS PLC	SPON ADS NEW	68570P200	513,975	23,580	SH		SOLE		23,580	0	0
PAR TECHNOLOGY CORP	COM	698884103	16,819,665	291,539	SH		SOLE		291,539	0	0
PELOTON INTERACTIVE INC	CL A COM	70614W100	2,720,260	337,090	SH		SOLE		337,090	0	0
PGT INNOVATIONS INC	COM	69336V101	129,431	2,400	SH		SOLE		2,400	0	0
PHOENIX BIOTECH ACQUISITION	CLASS A COM	71902K105	1,476	100	SH		SOLE		100	0	0
PRIVETERRA ACQUISITION CORP	COM CL A	876545104	118	8	SH		SOLE		8	0	0
RAIN ONCOLOGY INC	COM	75082Q105	61,456	38,650	SH		SOLE		38,650	0	0
RAYZEBIO INC	COM	75525N107	148,281	1,800	SH		SOLE		1,800	0	0
ROVER GROUP INC	COM CL A	77936F103	748,219	51,900	SH		SOLE		51,900	0	0
SANGOMA TECHNOLOGIES CORP	COM NEW	80100R408	14,026,484	3,308,133	SH		SOLE		3,308,133	0	0
SIGMA LITHIUM CORPORATION	COM	826599102	41,779	1,000	SH		SOLE		1,000	0	0
SILVERBOX CORP III	*W EXP 02/28/202	82836N115	41	332	SH		SOLE		332	0	0
SILVERBOX CORP III	COM CL A	82836N107	13,701	1,000	SH		SOLE		1,000	0	0
SOVOS BRANDS INC	COM	84612U107	782,607	26,810	SH		SOLE		26,810	0	0
SP PLUS CORP	COM	78469C103	631,552	9,300	SH		SOLE		9,300	0	0
SPLUNK INC	COM	848637104	577,352	2,860	SH		SOLE		2,860	0	0
SPREE ACQUISITION CORP 1 LTD	CL A ORD SHS	G83745102	2,870	200	SH		SOLE		200	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	3,703,742	45,740	SH		SOLE		45,740	0	0
SSR MINING IN	NOTE 2.500% 4/0	784730AB9	18,844,622	14,675,000	PRN		SOLE		14,675,000	0	0
STARBUCKS CORP	COM	855244109	665,350	5,230	SH		SOLE		5,230	0	0
STARWOOD PPTY TR INC	COM	85571B105	465,138	16,700	SH		SOLE		16,700	0	0
STRATASYS LTD	SHS	M85548101	772,763	40,840	SH		SOLE		40,840	0	0
TARO PHARMACEUTICAL INDS LTD	SHS	M8737E108	121,793	2,200	SH		SOLE		2,200	0	0
TEXAS PACIFIC LAND CORPORATI	COM	88262P102	3,973,377	1,907	SH		SOLE		1,907	0	0
TEXTAINER GROUP HOLDINGS LTD	SHS	G8766E109	181,887	2,790	SH		SOLE		2,790	0	0
TRITIUM DCFC LIMITED	*W EXP 01/13/202	Q9225T116	35	333	SH		SOLE		333	0	0
VELO3D INC	*W EXP 09/29/202	92259N112	199	5,000	SH		SOLE		5,000	0	0
VERICITY INC	COM	92347D100	1,036,762	69,985	SH		SOLE		69,985	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	5,115,014	419,136	SH		SOLE		419,136	0	0
WESTERN ASST INFLTN LKD INM	COM SH BEN INT	95766Q106	555,895	51,666	SH		SOLE		51,666	0	0
WESTERN AST INFL LKD OPP & I	COM	95766R104	4,844,291	421,676	SH		SOLE		421,676	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	5,355,240	69,847	SH		SOLE		69,847	0	0