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 PLATINUM ETF TRUST	PHYSCL PLATM SHS	003260106	15,181,251	125,000	SH		SOLE		125,000	0	0
ACCELERATE DIAGNOSTICS INC	NOTE 5.000%12/1	00430HAC6	1,115,295	2,045,144	PRN		SOLE		2,045,144	0	0
ADVISORSHARES TR	PURE US CANNABIS	00768Y453	69,819	7,200	SH		SOLE		7,200	0	0
AFFINITY BANCSHARES INC	COM	00832E103	400,374	13,827	SH		SOLE		13,827	0	0
ALBERTSONS COS INC	COMMON STOCK	013091103	479,871	19,200	SH		SOLE		19,200	0	0
ALLETE INC	COM NEW	018522300	328,156	3,780	SH		SOLE		3,780	0	0
ANTERIX INC	COM	03676C100	101,867	2,000	SH		SOLE		2,000	0	0
AQUARON ACQUISITION CORP	COMMON STOCK	03842W105	320,482	21,700	SH		SOLE		21,700	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	799,517	174,900	SH		SOLE		174,900	0	0
ATLANTIC COASTAL AQSTN CORP	CLASS A COM	04845A108	78,661	5,193	SH		SOLE		5,193	0	0
ATLANTICA SUSTAINABLE INFR P	SHS	G0751N103	1,060,654	35,680	SH		SOLE		35,680	0	0
AUGMEDIX INC	COM	05105P107	512,739	161,327	SH		SOLE		161,327	0	0
AULT DISRUPTIVE TECHS CORP	COM	05150A104	7,614	504	SH		SOLE		504	0	0
AXONICS INC	COM	05465P101	320,044	3,400	SH		SOLE		3,400	0	0
BAIDU INC	SPON ADR REP A	056752108	1,011,036	7,100	SH		SOLE		7,100	0	0
BALLYS CORPORATION	COM	05875B106	713,891	30,600	SH		SOLE		30,600	0	0
BANDWIDTH INC	NOTE 0.500% 4/0	05988JAD5	22,570,016	21,250,000	PRN		SOLE		21,250,000	0	0
BEYOND MEAT INC	NOTE 3/1	08862EAB5	9,093,150	39,550,000	PRN		SOLE		39,550,000	0	0
BLEUACACIA LTD	CLASS A ORD SHS	G11728105	55,709	3,721	SH		SOLE		3,721	0	0
BROOKFIELD CORP	CL A LTD VT SH	11271J107	1,705,244	23,740	SH		SOLE		23,740	0	0
BURFORD CAP LTD	ORD SHS	G17977110	13,839,505	771,713	SH		SOLE		771,713	0	0
CABLE ONE INC	NOTE 1.125% 3/1	12685JAG0	5,478,299	5,000,000	PRN		SOLE		5,000,000	0	0
CABLE ONE INC	NOTE 3/1	12685JAE5	3,950,506	3,175,000	PRN		SOLE		3,175,000	0	0
CANTOR EQUITY PARTNERS INC	SHS CL A	G4491L104	135,515	10,000	SH		SOLE		10,000	0	0
CARDLYTICS INC	NOTE 1.000% 9/1	14161WAB1	5,601,838	4,500,000	PRN		SOLE		4,500,000	0	0
CARTESIAN GROWTH CORP II	CLASS A ORD	G19305112	285,183	18,400	SH		SOLE		18,400	0	0
CEPTON INC	COM NEW	15673X200	566,597	134,276	SH		SOLE		134,276	0	0
CHAIN BRIDGE I	CLASS A ORD	G2061X102	108,153	7,102	SH		SOLE		7,102	0	0
CHUYS HLDGS INC	COM	171604101	146,687	2,900	SH		SOLE		2,900	0	0
CLARIVATE PLC	ORD SHS	G21810109	4,828,084	502,800	SH		SOLE		502,800	0	0
COLOMBIER ACQUISITION CORP I	UNIT 99/99/9999	G2283U126	281,039	20,000	SH		SOLE		20,000	0	0
COPA HOLDINGS SA	CL A	P31076105	228,445	1,800	SH		SOLE		1,800	0	0
DMY SQUARED TECHNOLOGY GROUP	CL A COM	233276104	192,484	13,264	SH		SOLE		13,264	0	0
DOCEBO INC	COM	25609L105	7,031,498	117,820	SH		SOLE		117,820	0	0
DOLLAR TREE INC	COM	256746108	190,209	2,000	SH		SOLE		2,000	0	0
DUET ACQUISITION CORP	CLASS A COM	26431Q106	4,898	305	SH		SOLE		305	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	652,402	1,500	SH		SOLE		1,500	0	0
ENVESTNET INC	COM	29404K106	999,347	11,800	SH		SOLE		11,800	0	0
EQUINOX GOLD CORP	NOTE 4.750%10/1	29446YAC0	28,617,945	16,939,000	PRN		SOLE		16,939,000	0	0
ERO COPPER CORP	COM	296006109	4,146,224	137,700	SH		SOLE		137,700	0	0
ESPERION THERAPEUTICS INC NE	NOTE 4.000%11/1	29664WAB1	52,941,409	40,429,000	PRN		SOLE		40,429,000	0	0
EVENTBRITE INC	NOTE 0.750% 9/1	29975EAD1	4,107,330	3,500,000	PRN		SOLE		3,500,000	0	0
EVERI HLDGS INC	COM	30034T103	801,481	45,100	SH		SOLE		45,100	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP	COM	31620R303	176,259	2,100	SH		SOLE		2,100	0	0
FIRST MAJESTIC SILVER CORP	NOTE 0.375% 1/1	32076VAD5	44,906,715	37,650,000	PRN		SOLE		37,650,000	0	0
FORUM ENERGY TECHNOLOGIES IN	COM	34984V209	4,163,417	199,122	SH		SOLE		199,122	0	0
GAN LTD	SHS	G3728V109	65,711	27,450	SH		SOLE		27,450	0	0
GATOS SILVER INC	COM	368036109	501,716	24,600	SH		SOLE		24,600	0	0
GENERATION ASIA I ACQUISITIO	CL A ORD SHS	G38258102	596,582	39,385	SH		SOLE		39,385	0	0
GFL ENVIRONMENTAL INC	SUB VTG SHS	36168Q104	1,025,050	19,000	SH		SOLE		19,000	0	0
GITLAB INC	CLASS A COM	37637K108	62,735	900	SH		SOLE		900	0	0
GORES HOLDINGS IX INC	CLASS A COM	38287A101	1,518	106	SH		SOLE		106	0	0
GRAF GLOBAL CORP	UNIT 05/31/2032	G4036C114	138,829	10,000	SH		SOLE		10,000	0	0
HARMONIC INC	COM	413160102	394,104	20,000	SH		SOLE		20,000	0	0
HASHICORP INC	COM CL A	418100103	499,154	10,900	SH		SOLE		10,900	0	0
HAYNES INTL INC	COM NEW	420877201	402,624	5,000	SH		SOLE		5,000	0	0
HCM II ACQUISITION CORP	UNIT 99/99/9999	G43658114	405,329	30,000	SH		SOLE		30,000	0	0
HEARTLAND FINL USA INC	COM	42234Q102	398,756	5,200	SH		SOLE		5,200	0	0
HESS CORP	COM	42809H107	275,494	1,500	SH		SOLE		1,500	0	0
HEXCEL CORP NEW	COM	428291108	317,764	3,800	SH		SOLE		3,800	0	0
HORIZON SPACE ACQUSTN I CORP	ORDINARY SHARES	G4619M109	204,613	13,500	SH		SOLE		13,500	0	0
HOWARD HUGHES HOLDINGS INC	COM	44267T102	1,005,314	9,600	SH		SOLE		9,600	0	0
IAC INC	COM NEW	44891N208	1,171,901	16,100	SH		SOLE		16,100	0	0
INFLECTION PT ACQUISITN CRP	CL A ORD SHS	G4790U102	363,133	25,000	SH		SOLE		25,000	0	0
INSTRUCTURE HLDGS INC	COM	457790103	722,999	22,700	SH		SOLE		22,700	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	3,776,711	20,038	SH		SOLE		20,038	0	0
IRONWOOD PHARMACEUTICALS INC	NOTE 1.500% 6/1	46333XAH1	3,607,830	3,000,000	PRN		SOLE		3,000,000	0	0
ITERIS INC NEW	COM	46564T107	961,787	99,600	SH		SOLE		99,600	0	0
JABIL INC	COM	466313103	259,303	1,600	SH		SOLE		1,600	0	0
JAWS MUSTANG ACQUISITION COR	*W EXP 01/30/202	G50737124	11	250	SH		SOLE		250	0	0
JUNIPER NETWORKS INC	COM	48203R104	231,961	4,400	SH		SOLE		4,400	0	0
KEEN VISION ACQUISITION CORP	SHS	G52443119	611,199	42,000	SH		SOLE		42,000	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	3,955,231	264,660	SH		SOLE		264,660	0	0
KKR & CO INC	COM	48251W104	4,365,624	24,720	SH		SOLE		24,720	0	0
LANVIN GROUP HOLDINGS LIMITE	*W EXP 01/14/202	G5380J118	86	2,500	SH		SOLE		2,500	0	0
LAUNCH ONE ACQUISITION CORP	UNIT 99/99/9999	G5S86M118	847,580	60,000	SH		SOLE		60,000	0	0
LIGHTSPEED COMMERCE INC	SUB VTG SHS	53229C107	82,510	3,700	SH		SOLE		3,700	0	0
LSI INDS INC OHIO	COM	50216C108	183,473	8,400	SH		SOLE		8,400	0	0
MAGNITE INC	NOTE 0.250% 3/1	55955DAB6	5,321,885	4,225,000	PRN		SOLE		4,225,000	0	0
MANITEX INTL INC	COM	563420108	732,495	96,200	SH		SOLE		96,200	0	0
MATTERPORT INC	COM CL A	577096100	287,260	47,200	SH		SOLE		47,200	0	0
METAL SKY STAR ACQUISITION C	ORDINARY SHARES	G6053N105	253,726	16,500	SH		SOLE		16,500	0	0
MICROCHIP TECHNOLOGY INC.	COM	595017104	1,266,139	11,660	SH		SOLE		11,660	0	0
MOLINA HEALTHCARE INC	COM	60855R100	233,000	500	SH		SOLE		500	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	96,424	14,146	SH		SOLE		14,146	0	0
NEXGEN ENERGY LTD	COM	65340P106	70,560	8,000	SH		SOLE		8,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	999,864	1,400	SH		SOLE		1,400	0	0
NORTHVIEW ACQUISITION CORP	COM	66718N103	171,189	10,610	SH		SOLE		10,610	0	0
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	8,337,246	515,000	SH		SOLE		515,000	0	0
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	6,475,598	365,500	SH		SOLE		365,500	0	0
NUVEEN QUALITY MUNCP INCOME	COM	67066V101	9,794,849	585,000	SH		SOLE		585,000	0	0
NUVEI CORPORATION	SUB VTG SHS	67079A102	1,109,564	24,600	SH		SOLE		24,600	0	0
ONYX ACQUISITION CO I	SHS CL A	G6755Q109	1,531	100	SH		SOLE		100	0	0
PAR TECHNOLOGY CORP	COM	698884103	18,173,018	258,009	SH		SOLE		258,009	0	0
PEARL HOLDINGS ACQUISITN COR	CLASS A ORD SHS	G44525106	196,029	12,479	SH		SOLE		12,479	0	0
PERFICIENT INC	COM	71375U101	787,366	7,713	SH		SOLE		7,713	0	0
PETIQ INC	COM CL A	71639T106	736,583	17,700	SH		SOLE		17,700	0	0
PLAYAGS INC	COM	72814N104	431,323	28,000	SH		SOLE		28,000	0	0
POWERSCHOOL HOLDINGS INC	COM CL A	73939C106	963,426	31,230	SH		SOLE		31,230	0	0
PROFOUND MED CORP	COM NEW	74319B502	101,144	9,400	SH		SOLE		9,400	0	0
PROPERTYGURU GROUP LTD	ORD SHS	G7258M108	400,498	44,800	SH		SOLE		44,800	0	0
QUETTA ACQUISITION CORP	COM	74841A105	87,219	6,195	SH		SOLE		6,195	0	0
R1 RCM INC	COM	77634L105	998,456	52,100	SH		SOLE		52,100	0	0
REVANCE THERAPEUTICS INC	COM	761330109	211,278	30,100	SH		SOLE		30,100	0	0
REVANCE THERAPEUTICS INC	NOTE 1.750% 2/1	761330AB5	24,877,168	21,450,000	PRN		SOLE		21,450,000	0	0
SANGOMA TECHNOLOGIES CORP	COM NEW	80100R408	23,520,345	3,140,233	SH		SOLE		3,140,233	0	0
SDCL EDGE ACQUISITION CORP	CL A ORD SHS	G79471101	15,377	1,000	SH		SOLE		1,000	0	0
SHARECARE IN	C COM CL A	81948W104	606,871	316,000	SH		SOLE		316,000	0	0
SILVER	BOX CORP III *W EXP 02/28/202	82836N115	45	333	SH		SOLE		333	0	0
SIM ACQUISITION CORP. I	UNIT 06/17/2029	G8431T127	339,465	25,000	SH		SOLE		25,000	0	0
SMARTSHEET INC	COM CL A	83200N103	299,487	4,000	SH		SOLE		4,000	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	770,235	80,100	SH		SOLE		80,100	0	0
SPAR GROUP INC	COM	784933103	285,624	86,200	SH		SOLE		86,200	0	0
SPIRIT AIRLS INC	COM	848577102	40,074	12,346	SH		SOLE		12,346	0	0
SPIRIT AIRLS INC	NOTE 1.000% 5/1	848577AB8	4,626,820	10,850,000	PRN		SOLE		10,850,000	0	0
SSR MINING IN	NOTE 2.500% 4/0	784730AB9	24,038,596	18,987,000	PRN		SOLE		18,987,000	0	0
STARBUCKS CORP	COM	855244109	781,873	5,930	SH		SOLE		5,930	0	0
STARWOOD PPTY TR INC	COM	85571B105	460,301	16,700	SH		SOLE		16,700	0	0
STERICYCLE INC	COM	858912108	791,995	9,600	SH		SOLE		9,600	0	0
STRATASYS LTD	SHS	M85548101	525,304	46,740	SH		SOLE		46,740	0	0
SURMODICS INC	COM	868873100	582,173	11,100	SH		SOLE		11,100	0	0
TELLURIAN INC NEW	COM	87968A104	600,517	458,700	SH		SOLE		458,700	0	0
TERRITORIAL BANCORP INC	COM	88145X108	41,187	2,917	SH		SOLE		2,917	0	0
TEXAS PACIFIC LAND CORPORATI	COM	88262P102	3,734,484	3,121	SH		SOLE		3,121	0	0
THE AARONS COMPANY INC	COM	00258W108	666,519	49,530	SH		SOLE		49,530	0	0
THOUGHTWORKS HOLDING INC	COM	88546E105	82,052	13,726	SH		SOLE		13,726	0	0
TLGY ACQUISITION CORPORATION	CLASS A ORD SHS	G8656T109	2,762	177	SH		SOLE		177	0	0
VALUENCE MERGER CORP I	CLASS A ORD SHS	G9R16L100	395,916	25,400	SH		SOLE		25,400	0	0
VECTOR GROUP LTD	COM	92240M108	401,553	19,900	SH		SOLE		19,900	0	0
VINE HILL CAP INVT CORP.	UNIT 09/06/2026	G93Y09123	338,112	25,000	SH		SOLE		25,000	0	0
VISTA OUTDOOR INC	COM	928377100	415,964	7,850	SH		SOLE		7,850	0	0
VOYAGER ACQUISITION CORP	UNIT 99/99/9999	G93A7H120	67,622	5,000	SH		SOLE		5,000	0	0
WEBSTER FINL CORP	COM	947890109	327,796	5,200	SH		SOLE		5,200	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	386	28	SH		SOLE		28	0	0
WESTERN ASST INFLTN LKD INM	COM SH BEN INT	95766Q106	713,072	61,666	SH		SOLE		61,666	0	0
WESTERN AST INFL LKD OPP & I	COM	95766R104	11,394,866	953,094	SH		SOLE		953,094	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	6,471,888	74,947	SH		SOLE		74,947	0	0