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Hedge Funds Similar to PenderFund Ltd.

13F Portfolio OverlapQ1 2026PenderFund Ltd. portfolio →
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Most similar hedge funds by 13F overlap

PenderFund Capital Management Ltd. is an institutional investor managing $639M across 253 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to PenderFund Ltd. are ZAZOVE ASSOCIATES, LEGACY FINANCIAL INDEPENDENT ADVISORS, Ovata Ltd, with shared positions in $DUK, $PPL, $SO, $NOG, $OPK, $FLR. The full ranking of 25 similar funds is below.

#1ZAZOVE ASSOCIATES LLC
Notable overlap · 6 shared positions
$DUK$PPL$SO$NOG$OPK$FLR
$1.2B
160 positions
#2LEGACY FINANCIAL INDEPENDENT ADVISORS LLCPassive
Notable overlap · 3 shared positions
$DUK$SO$PPL
$192M
113 positions
#3Ovata Capital Management LtdActive
Notable overlap · 4 shared positions
$PPL$SO$BABA$NIO
$715M
38 positions
#4ADVENT CAPITAL MANAGEMENT /DE/Passive
Notable overlap · 5 shared positions
$SO$PPL$MTH$DUK$KKR
$3.6B
215 positions
#5Shaolin Capital Management LLCPassive
Notable overlap · 5 shared positions
$DUK$SO$TXNM$KKR$WOLF
$2.7B
491 positions
#6Energy Income Partners, LLCActive
Some overlap · 4 shared positions
$SO$PPL$DUK$GNRC
$6.2B
87 positions
#7ANGELO GORDON & CO., L.P.
Some overlap · 3 shared positions
$DUK$PPL$TXNM
$1.1B
61 positions
#8L1 Capital Pty LtdActive
Some overlap · 3 shared positions
$EQX$NXE$ISOU
$2.5B
22 positions
#9PIER 88 INVESTMENT PARTNERS LLCPassive
Some overlap · 3 shared positions
$PPL$MTH$KKR
$402M
112 positions
#10Wealth Advisory Team LLC
Some overlap · 3 shared positions
$DUK$SO$KKR
$113M
39 positions
#11NINE MASTS CAPITAL LtdActive
Some overlap · 3 shared positions
$NIO$TXNM$BABA
$693M
249 positions
#12Aequim Alternative Investments LPActive
Some overlap · 4 shared positions
$DUK$TXNM$BABA$PPL
$5.2B
102 positions
#13SSI INVESTMENT MANAGEMENT LLCPassive
Some overlap · 5 shared positions
$SO$PPL$EQX$BABA$KKR
$1.4B
240 positions
#14Sunburst Financial Group, LLCActive
Some overlap · 3 shared positions
$DUK$KKR$SO
$543M
132 positions
#15Accordant Advisory Group IncActive
Some overlap · 3 shared positions
$PPLT$NXE$SHOP
$161M
238 positions
#16Skaana Management L.P.Active
Some overlap · 4 shared positions
$DUK$TXNM$FLNC$KKR
$296M
158 positions
#17Context Capital Management, LLCPassive
Some overlap · 3 shared positions
$FLNC$NIO$EVH
$4.3B
392 positions
#18SHENKMAN CAPITAL MANAGEMENT INCPassive
Some overlap · 4 shared positions
$MTH$BABA$NOG$FLNC
$831M
81 positions
#19AEGON USA Investment Management, LLCSmart money
Some overlap · 5 shared positions
$SO$DUK$PPL$KKR$MTH
$128M
41 positions
#20Aventail Capital Group, LPPassive
Some overlap · 3 shared positions
$PPL$SO$DUK
$2.1B
170 positions
#21Lingotto Investment Management LLPSmart money
Some overlap · 3 shared positions
$AG$KKR$BABA
$5.1B
35 positions
#22DLD Asset Management, LPActive
Some overlap · 3 shared positions
$WOLF$PPL$SARO
$1.1B
357 positions
#23WOLVERINE ASSET MANAGEMENT LLCPassive
Some overlap · 4 shared positions
$PPL$NIO$BABA$FLR
$10.4B
1,678 positions
#24Murphy, Middleton, Hinkle & Parker, Inc.Passive
Some overlap · 3 shared positions
$SO$DUK$KKR
$216M
133 positions
#25Cannon Wealth Management Services, LLCActive
Some overlap · 3 shared positions
$DUK$KKR$SO
$148M
85 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.