<SEC-DOCUMENT>0001706164-25-000009.txt : 20251010
<SEC-HEADER>0001706164-25-000009.hdr.sgml : 20251010
<ACCEPTANCE-DATETIME>20251010174614
ACCESSION NUMBER:		0001706164-25-000009
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251010
DATE AS OF CHANGE:		20251010

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Teucrium Commodity Trust
		CENTRAL INDEX KEY:			0001471824
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88188
		FILM NUMBER:		251388862

	BUSINESS ADDRESS:	
		STREET 1:		THREE MAIN STREET
		STREET 2:		SUITE 215
		CITY:			BURLINGTON
		STATE:			VT
		ZIP:			05401
		BUSINESS PHONE:		802-540-0019

	MAIL ADDRESS:	
		STREET 1:		THREE MAIN STREET
		STREET 2:		SUITE 215
		CITY:			BURLINGTON
		STATE:			VT
		ZIP:			05401

FILED BY:		

	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:		SCHEDULE 13G

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001706164</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001471824</issuerCik>
        <issuerName>Teucrium Commodity Trust</issuerName>
        <issuerCusip>88166A508</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>THREE MAIN STREET</com:street1>
          <com:street2>SUITE 215</com:street2>
          <com:city>BURLINGTON</com:city>
          <com:stateOrCountry>VT</com:stateOrCountry>
          <com:zipCode>05401</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>PenderFund Capital Management Ltd.</reportingPersonName>
      <citizenshipOrOrganization>A1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>3480000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>3480000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3480000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>12.9</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
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    <items>
      <item1>
        <issuerName>Teucrium Commodity Trust</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>THREE MAIN STREET, SUITE 215, BURLINGTON, VERMONT, 05401</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>PenderFund Capital Management Ltd.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address of the principal business office of PenderFund Capital Management Ltd. is 1830-1066 West Hastings Street, Vancouver, BC, Canada V6E 3X2</principalBusinessOfficeOrResidenceAddress>
        <citizenship>PenderFund Capital Management Ltd. is a corporation formed under the laws of the province of British Columbia, Canada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>FI</typeOfPersonFiling>
        <otherTypeOfPersonFiling>Institutional Manager </otherTypeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned> 3,480,000
</amountBeneficiallyOwned>
        <classPercent>12.85% </classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote> 3,480,000
</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose> 3,480,000
</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>PenderFund Capital Management Ltd.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Amanada Patterson </signature>
        <title>CFO and CCO</title>
        <date>10/10/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
