# Pender Capital Management, LLC

> 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.

- CRD: 281448
- Filed as: PENDER CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281448
- AdvisorCensus page: https://advisorcensus.com/firm/pender-capital-management-llc-dallas-tx-281448

## Quick answers

**How is Pender Capital Management, LLC compensated?**
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.

**Where is Pender Capital Management, LLC located?**
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).

**Is Pender Capital Management, LLC registered with the SEC or a state?**
Pender Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 281448.

**How much does Pender Capital Management, LLC manage?**
Pender Capital Management, LLC reports $661,353,829 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Pender Capital Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Pender Capital Management, LLC serve?**
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).

**Does Pender Capital Management, LLC report any disciplinary disclosures?**
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

**What changed in Pender Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $505,813,245 to $661,353,829 (+31%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $661,353,829
- Discretionary: $661,353,829
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $586,353,829 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $75,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 14 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(3): 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?
- 11.D(5): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281448

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Los Angeles, CA

### Websites listed on Form ADV (Item 1.I)
- pendercapital.com
- LinkedIn @pender-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $269,695,072 | 12 | March 23, 2021 |
| October 2022 | $331,938,302 | 12 | April 19, 2022 |
| October 2023 | $350,186,765 | 16 | March 18, 2023 |
| October 2024 | $389,137,904 | 16 | March 19, 2024 |
| October 2025 | $505,813,245 | 17 | July 22, 2025 |
| October 2026 | $661,353,829 | 14 | March 23, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $505,813,245 to $661,353,829 (+31%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pender Capital Management, LLC (CRD 281448): Form ADV filing data as of October 2026.