# EDGAR Filing Document

**Accession Number:** 0001706164
**File Stem:** 0001706164-25-000003
**Filing Date:** 2025-8
**Character Count:** 20164
**Document Hash:** 0229d0c7542e2e52f067ea6e18d1c889
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001706164-25-000003.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001706164-25-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PenderFund Capital Management Ltd.
- **CENTRAL INDEX KEY:** 0001706164

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18272
- **FILM NUMBER:** 251217254

**BUSINESS ADDRESS:**
- **STREET 1:** SUITE 1830, 1066 W. HASTINGS STREET
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6E 3X2
- **BUSINESS PHONE:** 6046881511

**MAIL ADDRESS:**
- **STREET 1:** SUITE 1830, 1066 W. HASTINGS STREET
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6E 3X2

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PenderFund Capital Management Ltd.<br>**Address:** SUITE 1830 1066 W. HASTINGS STREET<br>VANCOUVER, A1 V6E 3X2

**Form 13F File Number:** 028-18272

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Gina Jones<br>**Title:** COO<br>**Phone:** 236-521-2988

**Signature, Place, and Date of Signing:**

Gina Jones  Vancouver, A1  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 159

**Form 13F Information Table Value Total:** $422540965

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 38360014 | 312200 | SH |  | SOLE |  | 312200 | 0 | 0 |
| ADDUS HOMECARE CORP | COM | 006739106 |  | 33175 | 288 | SH |  | SOLE |  | 288 | 0 | 0 |
| AIRBNB INC | NOTE 3/1 | 009066AB7 | BBG00ZHSFMF1 | 4832483 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| ALLETE INC | COM NEW | 018522300 |  | 248592 | 3880 | SH |  | SOLE |  | 3880 | 0 | 0 |
| AMC NETWORKS INC | NOTE 4.250% 2/1 | 00164VAJ2 |  | 431389 | 501000 | PRN |  | SOLE |  | 501000 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 122927 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 | BBG000PW5VX1 | 26706 | 663 | SH |  | SOLE |  | 663 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 585824 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| AVIDXCHANGE HOLDINGS INC | COM | 05368X102 |  | 495374 | 50600 | SH |  | SOLE |  | 50600 | 0 | 0 |
| BEST SPAC I ACQUISITION CORP | UNIT 05/27/2030 | G1069P137 |  | 185740 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| BEYOND MEAT INC | NOTE 3/1 | 08862EAB5 |  | 7925442 | 93792000 | PRN |  | SOLE |  | 93792000 | 0 | 0 |
| BLACK HAWK ACQUISITION CORP | USD CL A SHS | G1148A101 |  | 10279 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| BLUE WTR ACQUISITION CORP. I | UNIT 05/23/2030 | G1368E122 |  | 247124 | 24700 | SH |  | SOLE |  | 24700 | 0 | 0 |
| BLUEPRINT MEDICINES CORP | COM | 09627Y109 |  | 281996 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| BRIDGE INVT GROUP HLDGS INC | COM CL A | 10806B100 |  | 241241 | 24100 | SH |  | SOLE |  | 24100 | 0 | 0 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD L P | G16234109 |  | 31990 | 1232 | SH |  | SOLE |  | 1232 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 1469291 | 23740 | SH |  | SOLE |  | 23740 | 0 | 0 |
| BROOKLINE BANCORP INC DEL | COM | 11373M107 |  | 173336 | 16430 | SH |  | SOLE |  | 16430 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 10619607 | 744713 | SH |  | SOLE |  | 744713 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 226394 | 20600 | SH |  | SOLE |  | 20600 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 42200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CARDLYTICS INC | NOTE 1.000% 9/1 | 14161WAB1 | BBG00XH48CJ5 | 4395763 | 4518000 | PRN |  | SOLE |  | 4518000 | 0 | 0 |
| CARDLYTICS INC | NOTE 4.250% 4/0 | 14161WAD7 |  | 14306909 | 34610000 | PRN |  | SOLE |  | 34610000 | 0 | 0 |
| CARTESIAN GROWTH CORP III | UNIT 02/28/2032 | G19307118 |  | 244133 | 24100 | SH |  | SOLE |  | 24100 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 | BBG00P1919G5 | 2283730 | 531100 | SH |  | SOLE |  | 531100 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 28891 | 406 | SH |  | SOLE |  | 406 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 | BBG000C29813 | 225219 | 2048 | SH |  | SOLE |  | 2048 | 0 | 0 |
| COUCHBASE INC | COM | 22207T101 |  | 97520 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CRANE HBR ACQUISITION CORP | UNIT 99/99/9999 | G24979125 |  | 154056 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| CROSS CTRY HEALTHCARE INC | COM | 227483104 |  | 236205 | 18100 | SH |  | SOLE |  | 18100 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 928438 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 25561 | 248 | SH |  | SOLE |  | 248 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 | BBG00D30HGP6 | 25668 | 2480 | SH |  | SOLE |  | 2480 | 0 | 0 |
| DOCEBO INC | COM | 25609L105 |  | 4403365 | 151920 | SH |  | SOLE |  | 151920 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 36645 | 370 | SH |  | SOLE |  | 370 | 0 | 0 |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 |  | 23495083 | 22000000 | PRN |  | SOLE |  | 22000000 | 0 | 0 |
| DUN  BRADSTREET HLDGS INC | COM | 26484T106 |  | 559944 | 61600 | SH |  | SOLE |  | 61600 | 0 | 0 |
| E2OPEN PARENT HOLDINGS INC | COM CL A | 29788T103 |  | 241927 | 74900 | SH |  | SOLE |  | 74900 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 700128 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| ELEVATION ONCOLOGY INC | COM | 28623U101 |  | 71841 | 195700 | SH |  | SOLE |  | 195700 | 0 | 0 |
| EMEREN GROUP LTD | SPONSORED ADS | 75971T301 |  | 221217 | 118298 | SH |  | SOLE |  | 118298 | 0 | 0 |
| ENSTAR GROUP LIMITED | SHS | G3075P101 |  | 336360 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| EQUINOX GOLD CORP | NOTE 4.750%10/1 | 29446YAC0 | BBG01JFWFWQ5 | 14673890 | 12077000 | PRN |  | SOLE |  | 12077000 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 | BBG00HNV5D77 | 2052963 | 124450 | SH |  | SOLE |  | 124450 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE COM | COM | 29664W105 |  | 6572365 | 6676519 | SH |  | SOLE |  | 6676519 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | NOTE 4.000%11/1 | 29664WAB1 |  | 2957208 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 35077 | 346 | SH |  | SOLE |  | 346 | 0 | 0 |
| EVERI HLDGS INC | COM | 30034T103 |  | 504096 | 35400 | SH |  | SOLE |  | 35400 | 0 | 0 |
| FARO TECHNOLOGIES INC | COM | 311642102 |  | 373320 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6K9 | 151026 | 2694 | SH |  | SOLE |  | 2694 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | UNIT 99/99/9999 | G3415K127 |  | 105040 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| FIGX CAP ACQUISITION CORP. | UNIT 06/17/2030 | G3473K126 |  | 50075 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| FIRST MAJESTIC SILVER COR | P NOTE 0.375% 1/1 | 32076VAD5 |  | 41593145 | 43340000 | PRN |  | SOLE |  | 43340000 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 34659 | 676 | SH |  | SOLE |  | 676 | 0 | 0 |
| FORUM ENERGY TECHNOLOGIES IN | COM | 34984V209 |  | 7353410 | 377679 | SH |  | SOLE |  | 377679 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 39168 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 | BBG000RQBFV2 | 35692 | 811 | SH |  | SOLE |  | 811 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 40599 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| GLOBAL BLUE GROUP HOLDING AG | ORD SHS | H33700107 |  | 357066 | 47800 | SH |  | SOLE |  | 47800 | 0 | 0 |
| GMS INC | COM | 36251C103 |  | 271875 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| GRAF GLOBAL CORP | *W EXP 05/31/203 | G4036C122 | BBG00ZGXPMQ8 | 1425 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| GRAF GLOBAL CORP | ORD SHS CL A | G4036C106 | BBG00ZGXPMQ8 | 104600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 207810 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| HEXCEL CORP NEW | COM | 428291108 | BBG000BLMDQ9 | 1792032 | 31723 | SH |  | SOLE |  | 31723 | 0 | 0 |
| HORIZON SPACE ACQUSTN I CORP | ORDINARY SHARES | G4619M109 |  | 632 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| INFLECTION PT ACQUISITION CO | UNIT 03/01/2027 ADDED | G47875128 |  | 52550 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| INFORMATICA INC | COM CL A | 45674M101 |  | 189930 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| INOZYME PHARMA INC | COM | 45790W108 |  | 362800 | 90700 | SH |  | SOLE |  | 90700 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 8202500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 302070 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ISOENERGY LTD | COM NEW | 46500E867 | BBG00F0W91G6 | 93314 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| ITRON INC | COM | 465741106 | BBG000BD2167 | 34224 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| JABIL INC | COM | 466313103 | BBG000BJNGN9 | 392144 | 1798 | SH |  | SOLE |  | 1798 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 65820 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 718740 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS IN | C COM | 489398107 |  | 1799688 | 264660 | SH |  | SOLE |  | 264660 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 1958202 | 14720 | SH |  | SOLE |  | 14720 | 0 | 0 |
| LANVIN GROUP HOLDINGS LIMITE | *W EXP 01/14/202 | G5380J118 |  | 47 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 35552 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| LAUNCH ONE ACQUISITION CORP | *W EXP 06/01/203 | G5S86M126 |  | 8400 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| LAUNCH ONE ACQUISITION CORP | SHS CLASS A | G5S86M100 |  | 624900 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 396417 | 30100 | SH |  | SOLE |  | 30100 | 0 | 0 |
| LIGHTWAVE ACQUISITION CORP | UNIT 06/06/2030 | G5490M118 |  | 100500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 |  | 810768 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| LSI INDS INC OHIO | COM | 50216C108 | BBG000BNKN21 | 167855 | 9868 | SH |  | SOLE |  | 9868 | 0 | 0 |
| M/I HOMES INC | COM | 55305B101 | BBG000BL9MZ4 | 15697 | 140 | SH |  | SOLE |  | 140 | 0 | 0 |
| MAC COPPER LIMITED | ORD SHS | G60409110 |  | 181350 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| MAGNITE INC | NOTE 0.250% 3/1 | 55955DAB6 | BBG00ZN93NM9 | 13760587 | 14225000 | PRN |  | SOLE |  | 14225000 | 0 | 0 |
| MARAVAI LIFESCIENCES HLDGS I | COM CL A | 56600D107 |  | 2097182 | 870200 | SH |  | SOLE |  | 870200 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 1028640 | 515 | SH |  | SOLE |  | 515 | 0 | 0 |
| MERCURY GENL CORP NEW | COM | 589400100 |  | 28350 | 421 | SH |  | SOLE |  | 421 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1010513 | 14360 | SH |  | SOLE |  | 14360 | 0 | 0 |
| MODINE MFG C | O COM | 607828100 |  | 25906 | 263 | SH |  | SOLE |  | 263 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 3013259 | 10115 | SH |  | SOLE |  | 10115 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 20479 | 28 | SH |  | SOLE |  | 28 | 0 | 0 |
| MORGAN STANLEY EMERGING MKTS | COM | 617477104 |  | 616100 | 120332 | SH |  | SOLE |  | 120332 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION C | UNIT 99/99/9999 | G6476A128 |  | 153615 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 80585 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| NIO INC | NOTE 3.875%10/1 | 62914VAJ5 |  | 12081764 | 16770000 | PRN |  | SOLE |  | 16770000 | 0 | 0 |
| NIO INC | NOTE 4.625%10/1 | 62914VAK2 |  | 11049126 | 17150000 | PRN |  | SOLE |  | 17150000 | 0 | 0 |
| NV5 GLOBAL INC | COM NEW | 62945V109 |  | 413311 | 17900 | SH |  | SOLE |  | 17900 | 0 | 0 |
| OPKO HEALTH INC | NOTE 3.750% 1/1 | 68375NAG8 |  | 9955145 | 7311000 | PRN |  | SOLE |  | 7311000 | 0 | 0 |
| OXLEY BRIDGE ACQ LTD | UNIT 06/17/2030 | G6858G123 |  | 50050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PAR TECHNOLOGY CORP | COM | 698884103 |  | 13104617 | 188909 | SH |  | SOLE |  | 188909 | 0 | 0 |
| PDD HOLDINGS INC | NOTE 12/0 | 722304AC6 |  | 18037500 | 18500000 | PRN |  | SOLE |  | 18500000 | 0 | 0 |
| PERIMETER ACQUISITION CORP I | UNIT 05/13/2030 | G7010A103 |  | 104700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PIONEER ACQUISITION I CORP | UNIT 06/16/2030 | G7117W123 |  | 50050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 |  | 9819162 | 9000000 | PRN |  | SOLE |  | 9000000 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 171225 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| PROFOUND MED CORP | COM NEW | 74319B502 |  | 55913 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| RAMBUS INC DEL | COM | 750917106 | BBG000BR32C6 | 38476 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 299970 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | UNIT 99/99/9999 | G7515A111 |  | 52900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SAGE THERAPEUTICS INC | COM | 78667J108 |  | 75696 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| SANGOMA TECHNOLOGIES CORP | COM NEW | 80100R408 |  | 20064689 | 3237333 | SH |  | SOLE |  | 3237333 | 0 | 0 |
| SATIXFY COMMUNICATIONS LTD | ORD SHS | M82363124 |  | 511516 | 174579 | SH |  | SOLE |  | 174579 | 0 | 0 |
| SERVOTRONICS INC | COM | 817732100 |  | 305110 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| SIGMATRON INTL I | NC COM | 82661L101 |  | 308132 | 103400 | SH |  | SOLE |  | 103400 | 0 | 0 |
| SIM ACQUISITION CORP. | I *W EXP 06/01/203 | G8431T119 | BBG01NC8G1L4 | 3437 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| SIM ACQUISITION CORP. I | SHS CL A | G8431T101 | BBG01NC8G1L4 | 260552 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 71682 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| SIZZLE ACQUISITION CORP. II | UNIT 99/99/9999 | G8193F125 |  | 248881 | 24448 | SH |  | SOLE |  | 24448 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 504800 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| SOULPOWER ACQUISITION CORP | UNIT 99/99/9999 | G82745129 |  | 320644 | 30051 | SH |  | SOLE |  | 30051 | 0 | 0 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 11070110 | 10000000 | PRN |  | SOLE |  | 10000000 | 0 | 0 |
| SPARTANNASH CO | COM | 847215100 |  | 193377 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 293536 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| SPIRIT AVIATION HLDGS INC | COM | 84863V101 |  | 2888946 | 578947 | SH |  | SOLE |  | 578947 | 0 | 0 |
| SPRINGWORKS THERAPEUTICS INC | COM | 85205L107 |  | 493395 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 8139600 | 665000 | SH |  | SOLE |  | 665000 | 0 | 0 |
| SSR MINING IN | NOTE 2.500% 4/0 | 784730AB9 |  | 22714990 | 21987000 | PRN |  | SOLE |  | 21987000 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 543366 | 5930 | SH |  | SOLE |  | 5930 | 0 | 0 |
| STONECO LTD | COM CL A | G85158106 |  | 2261640 | 141000 | SH |  | SOLE |  | 141000 | 0 | 0 |
| STREAMLINE HEALTH SOLUTIONS | COM NEW | 86323X205 |  | 144615 | 27972 | SH |  | SOLE |  | 27972 | 0 | 0 |
| TELESAT CORP | CL A  CL B SHS | 879512309 |  | 2448235 | 100600 | SH |  | SOLE |  | 100600 | 0 | 0 |
| TEXAS VENTURES ACQUISITION I | UNIT 99/99/9999 | G8772L121 |  | 1962 | 191 | SH |  | SOLE |  | 191 | 0 | 0 |
| THAYER VENTURES ACQ CORP II | UNIT 05/15/2030 | G87890128 |  | 254250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| THERATECHNOLOGIES INC | COM NEW | 88338H704 |  | 166826 | 69900 | SH |  | SOLE |  | 69900 | 0 | 0 |
| TITAN ACQUISITION CORP | UNIT 04/09/2030 | G8901A129 |  | 382470 | 36600 | SH |  | SOLE |  | 36600 | 0 | 0 |
| TRIUMPH GROUP INC NEW | COM | 896818101 |  | 499550 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 247808 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| TXNM ENERGY INC | NOTE 5.750% 6/0 | 69349HAF4 |  | 7701941 | 5900000 | PRN |  | SOLE |  | 5900000 | 0 | 0 |
| VANGUARD INSTL INDEX F | D 0-3 MO TREAS BIL | 922040845 |  | 294645 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 30902 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| VERVE THERAPEUTICS INC | COM | 92539P101 |  | 98824 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| VIGIL NEUROSCIENCE INC | COM | 92673K108 |  | 437250 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| VINE HILL CAP INVT CORP. | *W EXP 07/01/203 | G93Y09115 | BBG01NWVP4Y1 | 3670 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| VINE HILL CAP INVT C | ORP. ORD SHS CL A | G93Y09107 | BBG01NWVP4Y1 | 260250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| VOYAGER ACQUISITION CORP | *W EXP 05/16/203 | G93A7H112 | BBG01NCL6NC8 | 750 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| VOYAGER ACQUISITION CORP | CL A | G93A7H104 | BBG01NCL6NC8 | 51850 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 | BBG000BWMX63 | 318755 | 5838 | SH |  | SOLE |  | 5838 | 0 | 0 |
| WEN ACQUISITION CORP | UNIT 05/16/2030 | G9R39C129 |  | 106000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WESTERN ASSET EMERGING MKTS | COM | 95766A101 |  | 281 | 28 | SH |  | SOLE |  | 28 | 0 | 0 |
| WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 |  | 637829 | 75932 | SH |  | SOLE |  | 75932 | 0 | 0 |
| WESTERN AST INFL LKD OPP  I | COM | 95766R104 |  | 8723182 | 995797 | SH |  | SOLE |  | 995797 | 0 | 0 |
| WOLFSPEED INC | NOTE 0.250% 2/1 | 977852AB8 |  | 2584444 | 10000000 | PRN |  | SOLE |  | 10000000 | 0 | 0 |
| WOLFSPEED INC | NOTE 1.750% 5/0 | 225447AD3 |  | 6597325 | 25329000 | PRN |  | SOLE |  | 25329000 | 0 | 0 |
| WOLFSPEED INC | NOTE 1.875%12/0 | 977852AD4 |  | 3238281 | 12500000 | PRN |  | SOLE |  | 12500000 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 3485478 | 49757 | SH |  | SOLE |  | 49757 | 0 | 0 |

---