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.

 

Buyers

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).

 

Sellers

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).