If you want to know which ASX stocks fund managers and famous investors are putting their money into we’ve been keeping track of substantial holder buys (and sells).

Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.

Substantial shareholders are those 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.



2021 has actually been worse than 2020 for respiratory equipment maker Cleanspace (ASX:CSX). The company listed last year at $4.41 per share and rose to over $7 in early 2021 but now sits at $1.71.

The catalyst was a company update at the end of March in which the company revealed its North American sales were hit worse than expected by COVID-19. Wilson Asset Management sold out of the company but one that’s been buying is Australian Ethical.

On March 30 it bought nearly $2.5 million in shares and crossed the substantial holder threshold on May 12 with two trades worth over $1.4 million.

Another company, Australian Ethical, became a substantial holder of employee wellness company Limeade (ASX:LME), and now owns 5.5 per cent.

Returning to recently listed companies and one that listed last week is EP&T Global (ASX:EPX) which has software which helps companies monitor their energy use and carbon footprint. Perennial Value Management invested over $4.9 million at the IPO and bought another $500,000 on market upon opening day. It now holds 14.61 per cent.

Perennial increased its stake in a handful of companies it already was a substantial holder of – two of them were Frontier Digital Ventures (ASX:FDV) and Firstwave Cloud Tech (ASX:FCT).

AustralianSuper became a substantial holder of Micro-X (ASX:MX1), a company which makes mobile x-rays and has nearly tripled in 12 months since getting FDA approval.



Regal Funds Management reduced its stakes in gas play Vintage Energy (ASX:VEN) and telco  Aussie Broadband (ASX:ABB).

Australian Ethical cut its stake in IT services provider Empired (ASX:EPD).