Trading Places: Check out the latest stock WiseTech’s Michael Gregg has been buying
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Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve keen keeping track so you don’t have to.
Trading Places is Stockhead’s recap of substantial holder movements among ASX small caps in the last fortnight.
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.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Southern Cross Media Group | SXL | $277.4M | Investors Mutual | 8.01% | Becoming |
| UUV Aquabotix | UUV | $741K | Azalea Investments | 9.97% | Becoming |
| BrainChip | BRN | $69.9M | Regal Funds Management | 5.68% | Becoming |
| Spirit Telecom | ST1 | $55.4M | Regal Funds Management | 11.45% | Increasing |
| Predictive Discovery | PDI | $41.7M | Lowell Resoures Fund | 5.95% | Increasing |
| SomnoMed | SOM | $83.9M | TDM Growth Partners | 22.95% | Increasing |
| Straker Translations | STG | $34.5M | Michael Greigg | 5.19% | Becoming |
| Dacian Gold | DCN | $169.1M | Invesco Australia | 6.09% | Becoming |
| Blackstone Minerals | BSX | $34.6M | Delphi | 14.62% | Increasing |
| HGL | HNG | $13.9M | Serv | 30.38% | Increasing |
| Croplogic | CLI | $24.3M | Adamo Investments | 46.42% | Becoming |
| Pacific American Holdings | PAK | $1.8M | Jetosea - Charles Ave | 7.22% | Increasing |
| Veem | VEE | $58.5M | Perennial Value Management | 14.92% | Increasing |
| ADX Energy | ADX | $10.2M | Jetosea | 14.47% | Increasing |
| DGO Gold | DGO | $84.4M | Ginga | 13.39% | Increasing |
| Alto Metals | AME | $18.8M | Goldea Australia | 10.27% | Increasing |
| Syrah Resources | SYR | $87.1M | Bruce Gray | 8.70% | Increasing |
| Qantm Intellectual Property | QIP | $153.0M | Investors Mutual | 5.03% | Becoming |
| Zenith Energy | ZEN | $148.0M | Apex Opportunities Fund | 17.61% | Increasing |
| G8 Education | GEM | $582.8M | Allan Gray | 13.10% | Increasing |
| Wellard | WLD | $23.9M | Kontago Shipping | 9.54% | Becoming |
| Big River Industries | BRI | $77.5M | Naos Asset Management | 29.73% | Increasing |
| Terracom | TER | $70.5M | Brasidas Investment Management | 8.94% | Becoming |
| AML3D | AL3 | $22.5M | Perennial Value Management | 7.76% | Increasing |
| Caeneus Minerals | CAD | $3.5M | Roger Blake | 9.99% | Becoming |
| Micro-X | MX1 | $43.8M | Regal Funds Management | 6.01% | Becoming |
| Baby Bunting | BBN | $364.8M | Copia Investment Partners | 7.14% | Increasing |
| NTM Gold | NTM | $52.9M | Regal Funds Management | 8.98% | Becoming |
| XCD Energy | XCD | $4.9M | 88 Energy | 18.50% | Becoming |
| Infomedia | IFM | $522.4M | Wilson Asset Management | 5.28% | Becoming |
| Whitebark Energy | WBE | $12.2M | Communications Power | 5.43% | Becoming |
| Kleos Space | KSS | $19.7M | Janet Cameron | 5.66% | Becoming |
| Aura Energy | AEE | $5.4M | Lind Partners | 9.87% | Becoming |
| Spectrum | SPX | $216.1M | Ramelius Resources | 88.90% | Increasing |
| Engage:BDR | ENR | $30.9M | First Round Capital | 10.97% | Increasing |
| Engage:BDR | ENR | $30.9M | Kurtis Rintala | 5.36% | Becoming |
| Vonex | VN8 | $16.9M | 2SG Wholesale | 12.62% | Becoming |
| Infomedia | IFM | $522.4M | Selector Funds Management | 8.15% | Increasing |
| Wisr | WZR | $147.3M | Adcock Private Equity | 23.82% | Increasing |
| Minrex Resources | MRR | $2.1M | Adam Blumenthal | 15.88% | Increasing |
| Kinetko Energy | KKO | $10.9M | Adam Sierakowski | 15.03% | Increasing |
| Castle Minerals | CDT | $1.6M | William Hernstadt | 10.08% | Becoming |
| Atrum Coal | ATU | $125.3M | Timothy Roberts | 19.32% | Increasing |
| Aura Energy | AEE | $8.0M | Asean Deep Value Fund | 17.27% | Increasing |
| Nickel Mines | NIC | $916.0M | PT. Karunia Bara Perkasa | 7.35% | Increasing |
| Empired | EPD | $54.4M | Microequities Asset Management | 10.66% | Increasing |
| Impedimed | IPD | $39.1M | Australian Ethical Investment | 7.84% | Increasing |
| SelfWealth | SWF | $41.7M | Datt Group | 6.37% | Becoming |
| Aeon Metals | AML | $67.8M | OCP Asia | 43.66% | Increasing |
| Gladiator Resources | GLA | $1.9M | Parry Capital Management | 8.05% | Becoming |
| BlueChiip | BCT | $36.8M | Bellweather Super | 5.06% | Becoming |
| Anova Metals | AWV | $5.5M | Aims Asset Management | 5.20% | Becoming |
| AML3D | AL3 | $23.8M | Perennial Value Management | 9.17% | Increasing |
| Aeris Environmental | AEI | $151.4M | Perennial Value Management | 5.21% | Becoming |
| Bunji/Pure Foods | BCL | $11.0M | Illwella | 5.10% | Becoming |
| Veris | VRS | $8.5M | Ocean to Outback Electrical | 11.37% | Increasing |
| Noxopharm | NOX | $29.7M | Eleanore Goodridge | 6.99% | Increasing |
| Infomedia | IFM | $573.3M | Viburnum Funds | 12.90% | Increasing |
| Schrole Group | SCL | $12.5M | Capital H Management | 14.10% | Increasing |
| Swift Media | SW1 | $7.5M | Pure Asset Management | 9.51% | Increasing |
| Altura Mining | AJM | $110.5M | Allan Buckler | 15.40% | Increasing |
| Altura Mining | AJM | $110.5M | Castlelake | 5.79% | Becoming |
| Story-I | SRY | $4.4M | Harry Lee | 7.90% | Increasing |
| GetSwift | GSW | $149.9M | Fidelity | 7.05% | Increasing |
| Motorcycle Holdings | MTO | $47.8M | Renaissance Smaller Companies | 5.26% | Becoming |
| Cycliq | CYQ | $1.9M | Merchant Funds Management | 19.08% | Increasing |
| City Chic Collective | CCX | $428.9M | Pendal | 6.40% | Increasing |
| Adairs | ADH | $253.6M | Pendal | 7.83% | Increasing |
| Maximus Resources | MXR | $1.3M | Michael Ruane | 11.53% | Increasing |
| LatAm Autos | LAA | $6.5M | Log Creek Vineyard Trust - Mike Fitzpatrick | 24.50% | Increasing |
| Spectur | SP3 | $5.3M | EGP Capital | 6.49% | Becoming |
| Capricorn Metals | CMM | $436.2M | Eley Griffiths | 5.23% | Becoming |
| Energy One | EOL | $53.7M | Topline Capital Partners | 6.45% | Becoming |
Michael Gregg is a director and the sixth largest shareholder in one of Australia’s biggest tech stocks WiseTech (ASX:WTC). Having invested in 2006 his 4.35 per cent stake is now worth over $274m.
Now he has accumulated a 5.19 per cent stake in Straker Translation (ASX:STG). While last year Gregg announced a $50m private equity fund for software startups, this particular investment is in his name.
Straker’s tech is designed to help human translators by making a translation of its own and farming out errors made by human translators. The company listed in 2018 at $1.51 and climbed to above $2 last year, but COVID-19 sent it plunging below $1.
However, the buy that dominated most headlines in recent days was China’s Tencent buying over 5 per cent of Afterpay (ASX:APT). It spent just over $300m over the month of April accumulating the stake which is already worth 50 per cent more than that figure.
Another early backer of successful gold explorer Predictive Discovery (ASX:PDI), the Lowell Resources Fund, increased its holdings to 5.95 per cent.
Perennial Value Management invested into the IPO of additive manufacturer AML3D (ASX:AL3) and bought more shares on market, now holding 9.17 per cent.
Pendal topped up its holdings of clothing retailers City Chic Collective (ASX:CCX) and Adairs (ASX:ADH).
Regal Funds Management bought into one of the ASX’s few x-ray tech stocks Micro-X (ASX:MX1) — taking a 6 per cent stake.
Prominent Perth mining executive Michael Ruane bought even further into gold micro-cap Maximus Resources (ASX:MXR) and now owns 11.53 per cent.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Zenith Energy | ZEN | $150.1M | Moelis | 0.00% | Ceasing |
| McPhersons | MCP | $289.5M | Challenger | 4.95% | Ceasing |
| Galaxy Resources | GXY | $311.2M | Ausbil Investment Management | 8% | Decreasing |
| Bellevue Gold | BGL | $375.1M | Tolga Kumova | 6.24% | Decreasing |
| Hansen Technologies | HSN | $545.0M | Fidelity | 7.87% | Decreasing |
| Antisense Therapeutics | ANP | $24.0M | Australian Ethical Investment | 12.44% | Decreasing |
| Middle Island Resources | MDI | $23.0M | Copulos Group | 10.83% | Decreasing |
| Redbubble | RBL | $222.1M | Perennial Value Management | 10.07% | Decreasing |
| Veris | VRS | $7.1M | Perennial Value Management | 10.44% | Decreasing |
| BluGlass | BLG | $17.0M | SPP Technologies | 5.57% | Decreasing |
| DroneShield | DRO | $26.5M | Regal Funds Management | 13.18% | Decreasing |
| ImpediMed | IPD | $39.1M | Allan Gray | 17.22% | Decreasing |
| Jupiter Energy | JPR | $22.5M | Central Asian Oil Holdings | 18.67% | Decreasing |
| Olivers Real Food | OLI | $10.8M | Harvest Lane Asset Management | 4.64% | Ceasing |
| Mastermyne Group | MYE | $74.2M | Paradice Investment Management | 5.20% | Decreasing |
| Pioneer Credit | PNC | $14.3M | Copia Investment Partners | 4.96% | Ceasing |
| Swift Media | SW1 | $6.8M | L1 Capital Global Opportunities Master Fund | 2.62% | Ceasing |
| Veris | VRS | $8.5M | Perennial Value Management | 9.27% | Decreasing |
| Atomo Diagnostics | AT1 | $246.8M | Perennial Value Management | 5.33% | Decreasing |
| Emeco Holdings | EHL | $412.8M | Perennial Value Management | 5.44% | Decreasing |
| Visioneering Technologies | VTI | $7.0M | Regal Funds Management | 12.40% | Decreasing |
| Bigtincan | BTH | $230.3M | Regal Funds Management | 14.76% | Decreasing |
| ImpediMed | IPD | $39.1M | Allan Gray | 12.45% | Decreasing |
| Monash IVF | MVF | $136.8M | AustralianSuper | 10.63% | Decreasing |
| Xref | XRF | $26.1M | Fidelity | 5.08% | Decreasing |
| NZME | NZM | $41.3M | Auscap Asset Management | 17.65% | Decreasing |
| PointsBet | PBH | $671.0M | Regal Funds Management | 5.46% | Decreasing |
| BrainChip | BRN | $71.3M | Regal Funds Management | 4.93% | Ceasing |
| Nickel Mines | NIC | $924.3M | Regal Funds Management | 5% | Ceasing |
Sellers
Many of the familiar small cap fund managers appeared more often in the sellers column this week.
Perennial Value Management reduced its holdings in rapid HIV and COVID-19 test kit maker Atomo Diagnostics (ASX:AT1). Atomo only listed on the ASX last month, doubled on debut and has held its ground in recent days.
AustraliaSuper cuts its stake in IVF provider Monash IVF (ASX:MVF). The company had to cut back its services due to COVID-19 restrictions for a few weeks and even though its back to work now, it had to conduct a capital raising.
Regal Funds Management cutbacks included in sports betting software PointsBet (ASX:PBH) and mid-cap nickel producer Nickel Mines (ASX:NIC).
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Zenith Energy | ZEN | $150.1M | Moelis | 0.00% | Ceasing |
| McPhersons | MCP | $289.5M | Challenger | 4.95% | Ceasing |
| Galaxy Resources | GXY | $311.2M | Ausbil Investment Management | 8% | Decreasing |
| Bellevue Gold | BGL | $375.1M | Tolga Kumova | 6.24% | Decreasing |
| Hansen Technologies | HSN | $545.0M | Fidelity | 7.87% | Decreasing |
| Antisense Therapeutics | ANP | $24.0M | Australian Ethical Investment | 12.44% | Decreasing |
| Middle Island Resources | MDI | $23.0M | Copulos Group | 10.83% | Decreasing |
| Redbubble | RBL | $222.1M | Perennial Value Management | 10.07% | Decreasing |
| Veris | VRS | $7.1M | Perennial Value Management | 10.44% | Decreasing |
| BluGlass | BLG | $17.0M | SPP Technologies | 5.57% | Decreasing |
| DroneShield | DRO | $26.5M | Regal Funds Management | 13.18% | Decreasing |
| ImpediMed | IPD | $39.1M | Allan Gray | 17.22% | Decreasing |
| Jupiter Energy | JPR | $22.5M | Central Asian Oil Holdings | 18.67% | Decreasing |
| Olivers Real Food | OLI | $10.8M | Harvest Lane Asset Management | 4.64% | Ceasing |
| Mastermyne Group | MYE | $74.2M | Paradice Investment Management | 5.20% | Decreasing |
| Pioneer Credit | PNC | $14.3M | Copia Investment Partners | 4.96% | Ceasing |
| Swift Media | SW1 | $6.8M | L1 Capital Global Opportunities Master Fund | 2.62% | Ceasing |
| Veris | VRS | $8.5M | Perennial Value Management | 9.27% | Decreasing |
| Atomo Diagnostics | AT1 | $246.8M | Perennial Value Management | 5.33% | Decreasing |
| Emeco Holdings | EHL | $412.8M | Perennial Value Management | 5.44% | Decreasing |
| Visioneering Technologies | VTI | $7.0M | Regal Funds Management | 12.40% | Decreasing |
| Bigtincan | BTH | $230.3M | Regal Funds Management | 14.76% | Decreasing |
| ImpediMed | IPD | $39.1M | Allan Gray | 12.45% | Decreasing |
| Monash IVF | MVF | $136.8M | AustralianSuper | 10.63% | Decreasing |
| Xref | XRF | $26.1M | Fidelity | 5.08% | Decreasing |
| NZME | NZM | $41.3M | Auscap Asset Management | 17.65% | Decreasing |
| PointsBet | PBH | $671.0M | Regal Funds Management | 5.46% | Decreasing |
| BrainChip | BRN | $71.3M | Regal Funds Management | 4.93% | Ceasing |
| Nickel Mines | NIC | $924.3M | Regal Funds Management | 5% | Ceasing |
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Featured Companies
- ASX: STG Straker
- ASX: NIC Nickel Industries
- ASX: APT Afterpay
- ASX: AL3 AML3D
- ASX: AT1 Atomo Diagnostics
- ASX: PBH Pointsbet
- ASX: STG Straker Translations
- ASX: WTC WiseTech Global
- ASX: MX1 Micro X
- ASX: CCX City Chic Collective
- ASX: MXR Maximus Resources
- ASX: NIC Nickel Mines
- ASX: PDI Predictive Discovery
- ASX: APT Afterpay Touch
- ASX: ADH Adairs
