Trading Places: The stocks small cap fund managers were buying and selling this week
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Here is Stockhead’s weekly recap of substantial holder transactions among ASX small caps from IVF providers to car subscription services.
Substantial shareholders are shareholders holding 5 per cent or more of a company’s shares and 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 and any change in their holdings while they remain above 5 per cent.
Opthea (ASX:OPT) is still running hot among investors.
Regal Funds Management bought another $8.6m and now owns 12.83 per cent. Regal also increased its stake in Spirit Telecom (ASX:ST1) to 6.22 per cent, paying a more modest $800,000.
A health stock that has not been going so well is Monash IVF (ASX:MVF). Last week a group of doctors which referred their patients to Monash will no longer do so – they’re setting up they’re own practice.
But Celeste Funds Management and Salt Funds Management both became substantial holders this week.
The former is based in Sydney and recently won the right to manage Zurich’s small cap fund. The previous manager, Sigma Funds Management, has gone out of business.
Ethical Partners Funds Management spent $9.1m to increase its stake in household furnishings distributor GWA Group (ASX:GWA) to 6.25 per cent.
Paradice Investment Management topped up its stake in Capricorn Metals (ASX:CMM), taking it to 7.96 per cent and became substantial holders in BWX (ASX:BWX) with a 5.63 per cent stake.
Pinnacle Investment Management took its stake in GBST (ASX:GBT) to 6.18 per cent.
Geoffrey Pearce put more money into Wellness and Beauty Solutions (ASX:WNB) taking his stake to 7.45 per cent. Alex Waislitz’ Thorney Opportunities now owns 33 per cent of Murray River Organics (ASX:MRG).
New Zealand used car seller Turners bought another $250,000 in car subscription service Collaborate (ASX:CL8) and it now owns 12.66 per cent.
Company | Code | Market Cap | Holder | Stake | Status |
---|---|---|---|---|---|
GWA Group | GWA | $836.1M | Ethical Partners Funds Management | 6.25% | Increasing |
Aurelia Metals | AMI | $442.6M | AustralianSuper | 7.49% | Increasing |
Alita Resources | A40 | Suspended | Haitong International Financial Products | 5.81% | Becoming |
Sky Network Television | SKT | $455.3M | Kiltearn Partners | 12.43% | Increasing |
ScandiVanadium | SVD | $3.9M | Croesus Mining | 5.16% | Becoming |
Capricorn Metals | CMM | $263.4M | Hawke's Point Holdings | 18.11% | Increasing |
Predictive Discovery | PDI | $4.1M | Capital DI | 13.96% | Becoming |
Indoor Skydive Australia | IDZ | $3.7M | Parry Capital Management | 7.77% | Becoming |
CardieX | CDZ | $18.1M | Paul Cozzi | 9.68% | Increasing |
Enhanced Oil & Gas Recovery | EOR | Suspended | iFREE Group Ventures | 19.24% | Becoming |
Monash IVF | MVF | $234.6M | Celeste Funds Management | 5.66% | Becoming |
Pursuit Minerals | PUR | $2.1M | Alvin Blumenthal | 6.48% | Increasing |
Alpha HPA | A4N | $81.3M | Regal Funds Management | 13.99% | Becoming |
Enero Group | EGG | $158.4M | Wilson Asset Management | 7.45% | Increasing |
Orecorp | ORR | $70.7M | Mutual Investments | 6.42% | Becoming |
Kingston Resources | KSN | $30.0M | Winchester Investments | 11.61% | Increasing |
Alicanto Minerals | AQI | $10.2M | Symorgh Investments | 7.93% | Increasing |
De Grey Mining | DEG | $53.4M | Northwest Nonferrous Australia Mining | 6.31% | Becoming |
GBST Holdings | GBT | $260.1M | Pinnacle Investment Management | 6.18% | Increasing |
Advanced Braking Technology | ABV | $6.6M | Keith Knowles | 14.10% | Increasing |
Black Rock Mining | BKT | $40.4M | Copulos Group | 21.15% | Increasing |
Capricorn Metals | CMM | $263.4M | Paradice Investment Management | 7.96% | Increasing |
Arrow Minerals | AMD | $5.9M | Capital DI | 9.48% | Becoming |
Graphex Mining | GPX | $19.6M | Capital DI | 6.06% | Becoming |
Arrow Minerals | AMD | $5.9M | GenGold Resource Capital | 7.28% | Becoming |
Arrow Minerals | AMD | $5.9M | Thomas McKeith | 8.19% | Becoming |
Hub | HUB | $692.2M | Fidelity | 5.06% | Becoming |
Monash IVF | MVF | $234.6M | Salt Funds Management | 5.05% | Becoming |
Clean Seas Seafood | CSS | $67.6M | Bonafide Investment Fund | 16.22% | Increasing |
Cazaly Resources | CAZ | $16.1M | Gold Vally Iron Ore | 6.32% | Becoming |
Todd River Resources | TRT | $5.5M | Delphi | 5.17% | Becoming |
Dotz Nano | DTZ | $10.5M | Silversea Asset Management | 12.51% | Increasing |
ERM Power | EPW | $610.7M | Perpetual | 7.87% | Increasing |
Wellness and Beauty Solutions | WNB | $4.6M | Geoffrey Pearce | 7.45% | Increasing |
Integral Diagnostics | IDX | $494.8M | Yarra Funds Management | 5.02% | Becoming |
Wiseway Group | WWG | $36.0M | AZ Global | 19.90% | Becoming |
BWX | BWX | $355.4M | Paradice Investment Management | 5.63% | Becoming |
Spirit Telecom | ST1 | $69.6M | Regal Funds Management | 6.22% | Increasing |
Opthea | OPT | $674.4M | Regal Funds Management | 12.83% | Increasing |
Murray River Organics | MRG | $35.1M | Thorney Opportunities | 33.05% | Increasing |
WellCom Group | WLL | $267.2M | Milford Asset Management | 5.32% | Becoming |
Encounter Resources | ENR | $34.9M | William Robinson | 8.96% | Increasing |
Yandal Resources | YRL | $15.7M | Au Xingao Investment | 14.19% | Increasing |
Collaborate | CL8 | $6.6M | Turners Automotive Group | 12.66% | Increasing |
Merchant Funds Management sold $4.8m of its stake in Digital Wine Ventures (ASX:DW8), reducing to 3.83 per cent.
Fidelity decreased its stake in Berkeley Energia (ASX:BKI) to 7.23 per cent. Perpetual reduced its stake in almond maker Select Harvests (ASX:SHV) after its most recent financial results.
And IOOF ceased to be holders of Codan (ASX:CDA), Pacific Energy (ASX:PEA) and Imdex (ASX:IMD).
Company | Code | Market Cap | Holder | Current Stake | Status |
---|---|---|---|---|---|
Enero Group | EGG | $153.7M | Forager Funds Management | 11.21% | Decreasing |
Hansen Technologies | HSN | $790.7M | Fidelity | 9.00% | Decreasing |
Predictive Discovery | PDI | $4.4M | Capital Drilling | 0% | Ceasing |
Berkeley Energia | BKY | $62.0M | Fidelity | 7.23% | Decreasing |
Reverse Corp | REF | $1.1M | Phoenix Portfolios | 7.88% | Decreasing |
Virtus Health | VRT | $320.8M | Challenger | 6.92% | Decreasing |
Codan | CDA | $781.4M | IOOF | 4.97% | Ceasing |
Pacific Energy | PEA | $415.0M | IOOF | 3.47% | Ceasing |
Imdex | IMD | $475.4M | IOOF | 4.35% | Ceasing |
Digital Wine Ventures | DW8 | $5.4M | Merchant Funds Management | 3.83% | Ceasing |
Estia Health | EHE | $690.6M | Perpetual | 11.02% | Decreasing |
Select Harvests | SHV | $738.1M | Perpetual | 8.99% | Decreasing |
iSelect | ISU | $118.3M | Microequities Asset Management | 4.71% | Ceasing |