{ "crd_number": 281448, "slug": "pender-capital-management-llc-dallas-tx-281448", "primary_business_name": "PENDER CAPITAL MANAGEMENT, LLC", "legal_name": "PENDER CAPITAL MANAGEMENT, LLC", "dbas": [], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-06-15", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-03-23", "carried_forward": false, "raum_total": 661353829.0, "raum_discretionary": 661353829.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 14, "advisory_employees": 13, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 586353829.0, "count": 1 }, "pooled_investment_vehicles": { "raum": 75000000.0, "count": 1 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "CA", "TX" ], "websites": [ "https://linkedin.com/company/pender-capital/about", "https://pendercapital.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/281448", "disclosure_items": [ { "item": "11.D(3)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?" }, { "item": "11.D(5)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?" } ], "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/pender-capital-management-llc-dallas-tx-281448", "display_name": "Pender Capital Management, LLC", "summary": "Pender Capital Management, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.", "citation": "AdvisorCensus. Pender Capital Management, LLC (CRD 281448): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Pender Capital Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Pender Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Pender Capital Management, LLC located?", "a": "Pender Capital Management, LLC's principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Pender Capital Management, LLC registered with the SEC or a state?", "a": "Pender Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 281448." }, { "q": "How much does Pender Capital Management, LLC manage?", "a": "Pender Capital Management, LLC reports $661,353,829 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary)." }, { "q": "How have Pender Capital Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Pender Capital Management, LLC: Regulatory assets under management: $269,695,072 in the October 2021 data and $661,353,829 in the October 2026 data, up 145%. Total employees: 12 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Pender Capital Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (1); pooled investment vehicles (other than investment companies and business development companies) (1)." }, { "q": "Does Pender Capital Management, LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(3) (another regulator's finding of causing a business's authorization to be denied, suspended, revoked, or restricted) and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281448" }, { "q": "What changed in Pender Capital Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $505,813,245 to $661,353,829 (+31%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 269695072.0, "total_employees": 12, "filing_date": "2021-03-23" }, { "period": "2022-10-01", "regulatory_assets_under_management": 331938302.0, "total_employees": 12, "filing_date": "2022-04-19" }, { "period": "2023-10-01", "regulatory_assets_under_management": 350186765.0, "total_employees": 16, "filing_date": "2023-03-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 389137904.0, "total_employees": 16, "filing_date": "2024-03-19" }, { "period": "2025-10-01", "regulatory_assets_under_management": 505813245.0, "total_employees": 17, "filing_date": "2025-07-22" }, { "period": "2026-10-01", "regulatory_assets_under_management": 661353829.0, "total_employees": 14, "filing_date": "2026-03-23" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $505,813,245 to $661,353,829 (+31%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/pender-capital-management-llc-dallas-tx-281448.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 586353829.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 75000000.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/281448", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }