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Trading Places is Stockhead’s recap of the buys and sells of ASX small cap shares by fund managers and other famous investors over the last fortnight.
Specifically, Stockhead tracks substantial shareholder movements, being shareholders holding 5 per cent or more of a company’s shares — these can be directors, individual investors, or institutional investors.
Shareholders are required to announce to the exchange when they cross above or below the 5 per cent threshold, as well as any change in their holdings while they remain above 5 per cent.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Vita Group | VTA | $145.7M | Spheria Asset Management | 16.30% | Increasing |
| Lumos Diagnostics | LDX | $162.2M | Perennial Value Management | 10.21% | Increasing |
| HRL Holdings | HRL | $54.4M | Perennial Value Management | 14.92% | Increasing |
| Zoom2u | Z2U | $78.0M | Perennial Value Management | 9.88% | Becoming |
| Western Mines | WMG | $8.1M | Ilwella | 10.27% | Increasing |
| Red 5 | RED | $506.6M | Victor Smorgon Partners | 12.39% | Increasing |
| Service Stream | SSM | $486.6M | Allan Gray | 5.09% | Becoming |
| Way2VAT | W2V | $45.3M | Regal Funds Management | 9.80% | Becoming |
| Intega Group | ITG | $240.6M | Richmond Hill Capital | 8.04% | Increasing |
| 3P Learning | 3PL | $337.3M | Australian Ethical | 9.04% | Increasing |
| G8 Education | GEM | $851.6M | Sunsuper Superannuation Fund | 5.48% | Becoming |
| Dreadnought Resources | DRE | $96.4M | Paul Chapman | 10.93% | Increasing |
| Gentrack | GTK | $174.4M | Naos Asset Management | 19.97% | Increasing |
| Burley Minerals | BUR | $8.8M | Nathan McMahon | 10.10% | Increasing |
| Okapi Resources | OKR | $56.0M | Avalance Trust Fund | 5.54% | Becoming |
| Somnomed | SOM | $185.4M | Fidelity | 5.02% | Becoming |
| Senex Energy | SXY | $617.1M | Paradice Investment Management | 8.46% | Increasing |
| Volpara Health Technologies | VHT | $284.0M | Harbour Asset Management | 10.03% | Increasing |
| AMA Group | AMA | $444.2M | Thorney | 5.09% | Becoming |
| Mamba Exploration | M24 | $6.4M | Juston Boylson | 5.27% | Becoming |
| Connexion Telematics | CXZ | $15.0M | Graham Newman | 8.18% | Increasing |
| Juno Minerals | JNO | $21.2M | Tiger Hill Globa fund | 10.20% | Increasing |
| Maggie Beer | MBH | $151.0M | Perennial Value Management | 7.91% | Increasing |
| Hot Chili | HCH | $174.7M | Murray Black | 7.09% | Increasing |
| Clover Corp | CLV | $245.3M | Perpetual | 5.04% | Becoming |
| Nitro Software | NTO | $733.6M | Copia Investment Partners | 5.00% | Becoming |
| Sandfire Resources | SFR | $1.1B | Vinva Investment Management | 5.07% | Becoming |
| AMA Group | AMA | $400.0M | Mittleman Investment Management | 12.88% | Increasing |
| Resolute Mining | RSG | $452.6M | L1 Capital | 8.34% | Increasing |
| Genesis Minerals | GMD | $319.6M | Paradice Investment Management | 7.61% | Becoming |
| Mt Gibson Iron | MGX | $564.3M | Fidelity | 7.15% | Increasing |
| Angel Seafood | AS1 | $23.4M | Thorney | 14.15% | Increasing |
| Imdex | IMD | $939.6M | L1 Capital | 10.57% | Increasing |
| AMA Group | AMA | $399.8M | AustralianSuper | 11.50% | Increasing |
| EnviroSuite | EVS | $208.9M | Perennial Value Management | 11.87% | Increasing |
| HRL Holdings | HRL | $59.3M | Australian Ethical | 8.25% | Increasing |
| Stealth Global | SGI | $16.4M | Narelle Edmunds | 9.23% | Increasing |
| intelliHR | IHR | $72.2M | Slattery Family Trust | 11.59% | Increasing |
Twelve months ago, tech entrepreneur and investor Bevan Slattery bought into HR tech company intelliHR (ASX:IHR), acquiring $2.5 million in shares at 7.5 cents each.
The stock rallied off the back of his investment and while it is off its all time high of 54 cents – reached in January – his stake has still nearly tripled with the share price at over 20 cents.
Last week he bought another 2.9 million shares for $667,000, taking his stake to 11.59%.
Victor Smorgon Partners, a botique investment manager run by the family of the late industrial businessman, chipped $10 million into aspiring gold producer Red 5 (ASX:RED), taking its stake to nearly 13%.
Turning to fund managers, trades made by Australian Ethical include ed tech 3P Learning (ASX:3PL) and lab testing services firm HRL Holdings (ASX:HRL).
Perennial also topped up its holdings in HRL Holdings (ASX:HRL) as well as in medtech Lumos Diagnostics (ASX:LDX).
Melbourne based firm Copia Investment Partners became a substantial holder of Nitro Software (ASX:NTO), acquiring a 5% stake.
And Vinva Investment Management became a substantial holder of copper producer Sandfire Resources (ASX:SFR).
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Veem | VEE | $158.7M | Perennial | 10.53% | Decreasing |
| HRL Holdings | HRL | $54.4M | Viburnum Funds | <5% | Ceasing |
| DGL Group | DGL | $689.8M | Milford Asset Management | <5% | Ceasing |
| Marley Spoon | MMM | $447.4M | Challenger | <5% | Ceasing |
| Money3 | MNY | $690.7M | Thorney Opportunities | 11.77% | Decreasing |
| Motorcycle Holdings | MTO | $184.5M | Auscap Asset Management | 6.90% | Decreasing |
| AML3D | AL3 | $22.6M | Perennial | 6.05% | Decreasing |
| Swift Media | SW1 | $13.3M | Regal Funds Management | <5% | Ceasing |
| Coronado Resources | CRN | $2.3B | L1 Capital | 7.26% | Decreasing |
| IXUP | IXU | $132.3M | Regal Funds Management | <5% | Ceasing |
| Capitol Health | CAJ | $378.1M | Challenger | <5% | Ceasing |
| South32 | S32 | $15.6B | Schroder | 6.43% | Decreasing |
One of the most successful IPOs this year has been chemical services stock DGL (ASX:DGL) which has nearly tripled since its IPO.
Milford Asset Management ceased to be a substantial holder last week, gradually selling down its stake in September.
Schroder cut its stake in diversified miner South32 (ASX:S32) to 6.42%. And Challenger ceased to be a substantial holder of Marley Spoon (ASX:MMM).
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