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.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Adherium | ADR | $12.3M | Viburnum Funds | 11.24% | Becoming |
| Adherium | ADR | $12.3M | Phillip Asset Management | 23.52% | Increasing |
| Raiz | RZI | $104.7M | George Lucas | 8.40% | Increasing |
| Namoi Cotton | NAM | $51.3M | Samuel Terry Asset Management | 15.60% | Increasing |
| Ardent Leisure Group | ALG | $398.2M | Wilson Asset Management | 5.40% | Becoming |
| Eclipx Group | ECX | $676.3M | Victorian Funds Management Corporation | 5.00% | Becoming |
| Micro-X | MX1 | $151.7M | AustralianSuper | 5.18% | Becoming |
| BNK Banking | BNK | $71.1M | Somers | 10.90% | Increasing |
| FFI Holdings | FFI | $69.9M | Rodney Moonen | 30.63% | Increasing |
| Limeade | LME | $176.4M | Australian Ethical | 5.05% | Becoming |
| Horizon Minerals | HZN | $62.6M | Delphi | 9.62% | Increasing |
| 3P Learning | 3PL | $188.3M | Viburnum Funds | 27.93% | Increasing |
| Corporate Travel Management | CTD | $2.3B | Bennelong Funds Management | 11.87% | Increasing |
| Firstwave Cloud Technologies | FCT | $59.6M | Perennial Value Management | 11.75% | Increasing |
| Adherium | ADR | $12.3M | Regal Funds Management | 10.46% | Increasing |
| Carbon Revolution | CBR | $274.0M | Uni Super | 8.76% | Increasing |
| Iluka Resources | ILU | $3.7B | Paradice Investment Management | 5.22% | Becoming |
| IDP Education | IEL | $5.8B | Bennelong Funds Management | 9.08% | Increasing |
| Taruga Minerals | TAR | $44.3M | Thomas Line | 5.54% | Becoming |
| Deterra Royalties | DRR | $2.4B | United Super | 5.02% | Becoming |
| Powerhouse Ventures | PVL | $13.9M | Ramsay Financial Group | 6.53% | Becoming |
| Powerhouse Ventures | PVL | $13.9M | Reilly Family Super Fund | 7.23% | Increasing |
| Enero Group | EGG | $234.8M | Wilson Asset Management | 10.15% | Increasing |
| Complii Fintech Solutions | CF1 | $9.5M | Tony Cunningham | 8.27% | Increasing |
| Firstwave Cloud Technologies | FCT | $59.6M | Perennial Value Management | 11.75% | Increasing |
| Terragen Holdings | TGH | $56.5M | Scobie Ward | 16.50% | Increasing |
| Magnum Mining & Exploration | MGU | $85.3M | First Growth Funds | 5.23% | Increasing |
| Orion Minerals | ORN | $133.6M | Delphi | 13.79% | Increasing |
| MedAdvisor | MDR | $104.4M | Perennial Value Management | 11.27% | Increasing |
| Frontier Digital Ventures | FDV | $414.9M | Perennial Value Management | 7.56% | Increasing |
| EP&T Global | EPX | $33.4M | Perennial Value Management | 14.61% | Becoming |
| Access Innovation Holdings | AIM | $176.2M | Anthony Abrahams | 14.79% | Increasing |
| Oventus Medical | OVN | $19.0M | Thorney Technologies | 16.72% | Increasing |
| Access Innovation Holdings | AIM | $176.2M | Deanne Weir | 9.89% | Increasing |
| Mayne Pharma | MYX | $638.1M | Mithra Pharmaceuticals | 9.57% | Becoming |
| Tali Digital | TD1 | $33.5M | BCCL Worldwide | 9.84% | Becoming |
| Champion Iron | CIA | $3.5B | Investissement Quebec | 8.59% | Increasing |
| Cleanspace | CSX | $136.7M | Australian Ethical | 5.64% | Becoming |
| Pacific Smiles Group | PSQ | $406.9M | QVG Capital | 7.41% | Increasing |
| Wellard | WLD | $34.0M | Sandon Capital | 7.60% | Increasing |
| Powerhouse Ventures | PVL | $13.8M | Brendan Fogarty | 6.89% | Increasing |
| Blaze International | BLZ | $12.2M | Jason Peterson | 10.50% | Increasing |
| SRG Global | SRG | $205.1M | Perennial Value Management | 13.99% | Increasing |
| Ora Banda Mining | OBM | $181.1M | Perennial Value Management | 7.22% | Increasing |
| AuStar Gold | AUL | $17.9M | Paul McNally | 9.56% | Increasing |
| Emeco | EHL | $484.2M | Black Diamond Capital Management | 29.43% | Increasing |
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.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| The Agency Group | AU1 | $21.4M | Magnolia Equities | 10.41% | Decreasing |
| OFX | OFX | $298.0M | Microequities | 7.60% | Decreasing |
| Empired | ERD | $442.2M | Australian Ethical | 10.40% | Decreasing |
| Angel Seafood | AS1 | $24.3M | Bonafide Wealth Management | Ceasing | |
| Bass Oil | BAS | $10.0M | Tattersfield Group | Ceasing | |
| Neometals | NMT | $283.6M | David Reed | 7.26% | Decreasing |
| Imdex | IMD | $749.4M | Yarra Funds Management | Ceasing | |
| Cervantes | CVS | N/A | European Lithium | Ceasing | |
| Vintage Energy | VEN | $36.3M | Regal Funds Management | Decreasing | |
| Global Oil & Gas | GEV | $35.3M | Gohawk Holdings | 11.07% | Decreasing |
| Orion Minerals | ORN | $133.6M | Wylie Group | Ceasing | |
| Aussie Broadband | ABB | $523.4M | Regal Funds Management | 5.53% | Decreasing |
| Alcidion | ALC | $377.3M | McKinnon Family Trust | 5.64% | Decreasing |
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).