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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q3 | Oct 7, 2024 | Pender Small Cap Opportunities Fund | 11.3% | 38.4% | ARR.TO, AVNW, BL, DND.TO, MDA.TO, THNC.TO, TVK.TO | Canada, growth, Resources, small caps, Space, value | The space industry is seeing rapid growth driven by growing demand for satellite broadband, declining costs of rocket launches, renewed interest in space exploration and increasing geopolitical importance. The shift to commercialization enables new entrepreneurs to innovate and develop technologies for this fast-growing industry. | MDA.TO |
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| 2025 Q3 | Oct 6, 2025 | HalvioCapital | 12.6% | 19.3% | 4PNT.L, AAP, CACC, ENR.DE, FTDR, FTRE, GETB.L, KTB, THNC.TO, VFC | Apparel, Buybacks, healthcare, small caps, spinoffs, Turnarounds, value | Multiple portfolio companies are actively repurchasing shares, including Kontoor which has been buying back stock since its 2019 spinoff, and Credit Acceptance which is aggressively buying back its own shares despite weaker growth and profitability. | 8841 JP 9478 JP MCCK US NLOP US CPH CN |
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| 2025 Q3 | Oct 24, 2025 | Curreen Capital | 9.0% | 18.5% | 4IMPRINT, AAP, CACC, ENR.DE, FTDR, FTRE, GETB.L, KTB, THNC.TO, VFC | Apparel, Buybacks, healthcare, small cap, spinoffs, technology, Turnarounds, value | Multiple portfolio companies are executing turnaround strategies including Advance Auto Parts fixing its balance sheet and improving operations, Fortrea attempting to turn around after spinning out of Labcorp, and VF Corp rebuilding management and returning to growth after fixing its balance sheet. | FTRE THNC CN GETB GB KTB ENH FTRE THNC CN GETB GB KTB ENH |
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| 2025 Q3 | Oct 15, 2025 | O’Keefe Stevens Advisory, Inc | - | - | 4PNT.L, AAP, CACC, ENR.DE, FTDR, FTRE, GETB.L, KTB, THNC.TO, VFC | Apparel, healthcare, small caps, spinoffs, Turnarounds, value | Multiple portfolio companies are actively repurchasing shares, including Kontoor which has been buying back stock since its 2019 spinoff, and Credit Acceptance which is aggressively buying back its own shares despite weaker growth. | View | |
| 2023 Q4 | Jan 17, 2024 | Pender Small Cap Opportunities Fund | 6.5% | 6.2% | THNC.TO | Canada, M&A, Risk Appetite, small cap, technology, value | Small caps continue trading at discount to large caps despite historical outperformance. Market structure changes with passive strategies and HFTs may be creating permanent headwinds. However, Q4 showed encouraging signs with breadth improving and tax loss selling season being less volatile than previous years. | THNC.TO |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Pender Small Cap Opportunities Fund | Thinkific Labs Inc. | Information Technology | Application Software | Bull | TSX | Cloud software, E-learning, Management Quality, online education, post-COVID recovery, profitability inflection, Rule of 40, SaaS, turnaround | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||