Pic: metamorworks / iStock / Getty Images Plus via Getty Images
Trading Places: Fund managers were loving industrial stocks this week
News
share
Want to know which stocks fund managers have been buying? We’ve been keeping track so you don’t have to.
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 |
|---|---|---|---|---|---|
| Shaver Shop | SSG | $107.5M | Wilson Asset Management | 5.18% | Becoming |
| Emeco Holdings | EHL | $457.0M | Black Diamond Capital Management | 26.43% | Increasing |
| Gibb River Diamonds | GIB | $10.3M | James Richards | 18.18% | Increasing |
| Clean Teq Holdings | CLQ | $223.9M | Robert Friedland | 14.43% | Increasing |
| Redbank Copper | RCP | $7.7M | Wyllie Group | 11.46% | Increasing |
| Nova Eye Medical | EYE | $44.5M | Australian Ethical Investment | 14.29% | Increasing |
| The environmental Group | EGL | $7.4M | Ace Property Holdings | 5.83% | Becoming |
| Harris Technology Group | HT8 | $32.0M | Australia PC Accessories | 32.94% | Increasing |
| Terrain Minerals | TMX | $10.9M | Johannes Lin | 6.10% | Becoming |
| Redbank Copper | RCP | $7.7M | Jason Peterson | 6.87% | Increasing |
| Tyranna Resources | TYX | $6.4M | Admark Investments - Joseph Pinto | 5.30% | Becoming |
| Dotz Nano | DTZ | $88.3M | Southern Israel Bridging Fund | 17.52% | Increasing |
| Boom Logistics | BOL | $47.1M | Collins St Asset Management | 10.67% | Becoming |
| Regeneus | RGS | $60.1M | AGC | 7.50% | Becoming |
| Tinybeans | TNY | $41.9M | Thorney Opportunities | 8.83% | Becoming |
| OFX | OFX | $270.8M | Renaissance Smaller Companies | 11.67% | Increasing |
| Bravura Solutions | BVS | $808.4M | Invesco Australia | 5.66% | Becoming |
| Matsa Resources | MAT | $36.6M | Delphi | 8.00% | Increasing |
| IntelliHR | IHR | $66.5M | Bevan Slattery | 12.68% | Becoming |
| Nitro Software | NTO | $439.7M | Regal Funds Management | 9.75% | Increasing |
| Aerometrex | AMX | $120.4M | Perennial Value Management | 7.70% | Increasing |
| Swick Mining Services | SWK | $62.8M | Perennial Value Management | 14.95% | Increasing |
| IntelliHR | IHR | $66.5M | Robert Bromage | 9.77% | Increasing |
| New Century Resources | NCZ | $146.8M | Delphi | 5.03% | Becoming |
| DGR Global | DGR | $57.5M | Samuel Terry Asset Management | 5.20% | Becoming |
| Marquee Resources | MRQ | $9.2M | Cranston Super Pension | 7.84% | Becoming |
| Emerge Gaming | EM1 | $23.7M | LTL Capital | 7.57% | Increasing |
| Thorn Group | TGA | $67.9M | Collins St Asset Management | 5.78% | Increasing |
| IntelliHR | IHR | $63.7M | Colinton Capital Partners | 17.13% | Increasing |
| Empire Energy | ERL | $11.8M | Global Energy & Resources Development | 9.40% | Increasing |
| Exore Resources | ERX | $67.8M | Brahman Capital Management | 6.64% | Becoming |
| Rafaella Resources | RFR | $7.8M | Adam Blumenthal | 13.07% | Increasing |
| Aruma Resources | AAJ | $10.3M | Copulos Group | 10.43% | Increasing |
| CommsChoice | CCG | $17.0M | Peter McGrath | 5.20% | Increasing |
| Peninsula Energy | PEN | $60.0M | Nero Resource Fund | 5.13% | Becoming |
| Magnetic Resources | MAU | $267.9M | Dale Alcock | 8.26% | Increasing |
| Malachite Resources | MAR | $5.0M | Terry Cuthbertson | 9.96% | Becoming |
| Metgasco | MEL | $14.8M | Keybridge Capital | 11.83% | Increasing |
| Dubber | DUB | $220.4M | Thorney Opportunities | 6.20% | Increasing |
| DUG Technology | DUG | $129.8M | Thorney Opportunities | 5.12% | Becoming |
| Emerald Clinics | EMD | $17.8M | Craig Darby | 10.74% | Increasing |
| Ora Banda Mining | OBM | $314.4M | Hawke's Point Hodings | 46.64% | Increasing |
| Nova Eye Medical | EYE | $48.8M | Australian Ethical Investment | 15.32% | Increasing |
| Emerge Gaming | EM1 | $30.0M | VBS Exchange | 8.20% | Increasing |
| Consolidation Operations Group | COG | $97.5M | Naos Asset Management | 26.69% | Increasing |
| Simonds Group | SIO | $56.1M | Vallence Simonds | 44.99% | Increasing |
| Atrum Coal | ATU | $186.6M | Regal Funds Management | 5.16% | Becoming |
| Huon Aquaculture | HUO | $328.7M | Regal Funds Management | 9.73% | Increasing |
| MEC Resources | MMR | $2.7M | Robert Marusco | 5.20% | Becoming |
| Canterbury Resources | CBY | $13.1M | Gage Resources | 5.46% | Increasing |
| XTEK | XTE | $42.7M | UDB | 8.03% | Increasing |
| SECOS | SES | $85.5M | R&E Edwards Investments | 9.70% | Increasing |
| SECOS | SES | $85.5M | Donald Haller | 7.30% | Increasing |
| Brookside Energy | BRK | $6.4M | Merchant Funds Management | 10.60% | Increasing |
| Jindalee Resources | JRL | $16.2M | Kale Capital | 9.05% | Increasing |
| Bell Financial Group | BFG | $404.1M | Alastair Provan | 47.10% | Increasing |
| Nitro Software | NTO | $491.1M | Regal Funds Management | 12.80% | Increasing |
| SRJ Technologies | SRJ | $95.2M | Regal Funds Management | 6.30% | Becoming |
| Rimfire Pacific Mining | RIM | $23.8M | Booker Super Securities | 5.70% | Becoming |
| Blackstone Minerals | BSX | $135.1M | Fidelity | 6.30% | Becoming |
| K-TIG | KTG | $41.6M | Alium Alpha Fund | 6.47% | Increasing |
| Auroch Minerals | AOU | $14.3M | MIMO Strategies | 9.85% | Increasing |
| Eclipx Group | ECX | $468.3M | HESTA | 5.01% | Becoming |
| Leaf Resources | LEF | $401.7M | Ken Richards | 7.56% | Increasing |
| Webccentral | WCG | $18.9M | Capital H Management | 7.34% | Becoming |
| Alkane Resources | ALK | $893.1M | Tyng Choo | 6.01% | Becoming |
| Consolidation Operations Group | COG | $103.8M | Naos Asset Management | 27.89% | Increasing |
| Theta Gold Mines | TGM | $114.7M | Xinzhao Zi | 9.62% | Becoming |
| Jumbo Interactive | JIN | $776.2M | Selector Funds Management | 5.28% | Becoming |
| NTM Gold | NTM | $60.2M | Regal Funds Management | 11.10% | Increasing |
| Baby Bunting | BBN | $591.3M | Bennelong Australian Equity Partners | 6.06% | Becoming |
| Zinc of Ireland | ZMI | $5.3M | Thomas Corr | 5.00% | Becoming |
| Legend Mining | LEG | $401.7M | Mark Creasy | 30.73% | Increasing |
| DGO Gold | DGO | $243.6M | Jeffrey Parncutt | 9.68% | Increasing |
| DGO Gold | DGO | $243.6M | Ginga - Thomas Klinger | 15.03% | Increasing |
Many ASX industrial stocks have seen a solid 2020.
Almost all were allowed to continue as essential businesses and some have capitalised on trends such as construction booms triggered by government stimulus and the rise of activity in the minerals exploration sector – especially gold.
Driller Swick Mining Services (ASX:SWK) is one stock to have benefited from the latter and Perennial Value Management now owns nearly 15 per cent.
Perennial also topped up its holdings in aerial mapper Aerometrex (ASX:AMX) to nearly 8 per cent. This company has continued to see strong demand for its services and has even said it has found operations easier with less commercial jets in the skies.
Collins St Asset Management topped up its stake in crane lender Boom Logistics (ASX:BOL) – now owning just over 10 per cent.
Alium Alpha Fund took another leap of faith in Adelaide-based additive manufacturer K-Tig (ASX:KTG), taking its stake to 6.47 per cent.
Specialist pipeline couplings company SRJ Technologies Group (ASX:SRJ) – which only listed on the ASX last week – welcomed Regal Funds Management as a substantial holder. It took a 6.3 per cent stake.
Among other notable trades, Bennelong Australian Equity Partners accumulated a 6.06 per cent stake in baby store Baby Bunting (ASX:BBN) while Alex Waislitz’s Thorney Opportunities bought into supercomputing stock DUG Technology (ASX:DUG) – taking a 5.12 per cent stake.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Powerwrap | PWL | $64.7M | Regal Funds Management | <5% | Ceasing |
| Pivotal Systems | PVS | $114.6M | LHC Capital Partners | <5% | Ceasing |
| Paygroup | PYG | $46.1M | SG Hiscock | <5% | Ceasing |
| Zip Co | Z1P | $3.3B | Larry Diamond | 11.00% | Decreasing |
| Nitro Software | NTO | $439.7M | Starfish Technology Fund | <5% | Decreasing |
| Whispir | WSP | $346.9M | Blackburn Family Trust | <5% | Ceasing |
| SECOS | SES | $73.2M | Belgravia Strategic Equities | 11.60% | Decreasing |
| Whispir | WSP | $346.9M | Telstra Ventures Fund | <5% | Ceasing |
| Fremont Petroleum | FPL | $11.2M | Regal Funds Management | <5% | Ceasing |
| Jaxsta | JXT | $24.7M | Patrycia Protasivk | 6.88% | Decreasing |
| Limeade | LME | $366.9M | Perennial Value Management | 8.52% | Decreasing |
| AML3D | AMD | $13.4M | Perennial Value Management | 6.79% | Decreasing |
| SciDev | SDV | $102.0M | Perennial Value Management | 11.41% | Decreasing |
| Alliance Aviation | AQZ | $548.8M | Perennial Value Management | 9.50% | Decreasing |
| Nearmap | NEA | $1.0B | Ross Norgard | 5.19% | Decreasing |
| Frugl Group | FGL | $3.3M | Merchant Funds Management | 8.21% | Decreasing |
| S2 Resources | S2R | $68.2M | Mark Creasy | 21.76% | Decreasing |
| Citadel Group | CGL | $438.4M | Challenger | <5% | Ceasing |
| Gibb River Diamonds | GIB | $10.1M | Michel Ruane | 6.79% | Decreasing |
| Frugl Group | FGL | $3.3M | Merchant Funds Management | 7.05% | Decreasing |
| Pacific Current Group | PAC | $296.8M | Copia Investment Partners | 5.88% | Decreasing |
| Santana Minerals | SMI | $8.1M | Merchant Funds Management | <5% | Ceasing |
| Consolidated Financial Holdings | COG | $2.4M | DMX Asset Management | 11.16% | Decreasing |
| EnviroSuite | EVS | $225.4M | Perennial Value Management | 9.99% | Decreasing |
| Bannerman Resources | BMN | $45.5M | Tribeca Investment Partners | <5% | Ceasing |
| Middle Island Resources | MDI | $46.3M | Copulos Group | 5.00% | Ceasing |
| Canterbury Resources | CBY | $13.1M | Duncan Hardie | 7.27% | Decreasing |
| Urbanise.com | UBN | $72.3M | Bannaby Investments | 5.01% | Decreasing |
| Baby Bunting | BBN | $583.0M | Copia Investment Partners | <5% | Ceasing |
| Jayride Group | JAY | $21.6M | Zhongyuan Lin | <5% | Ceasing |
| Red5 | RED | $640.4M | Regal Funds Management | 5.27% | Decreasing |
| FYI Resources | FYI | $42.6M | Regal Funds Management | 11.14% | Decreasing |
| Fatfish Blockchain | FFG | $13.1M | Arena Investors | 8.71% | Decreasing |
| Olivers' Real Food | OLI | $12.2M | Bernd Butof | 7.38% | Decreasing |
| DGO Gold | DGO | $243.6M | Eduard Eshuys | 5.23% | Decreasing |
The most notable trades came from a number of pre-IPO shareholders in communication automation stock Whispir (ASX:WSP). The sell-down occurred as part of a capital raising and soon after the shares had been released from escrow.
Regal cut its stake in gold producer Red 5 (ASX:RED) – one of the few gold stocks to have stagnated in 2020.
Sales from Perennial included from employee wellness software stock Limeade (ASX:LME) and charter airline Alliance Airlines (ASX:AQZ). The latter is one of the few airline stocks globally to have advanced in 2020 due to the demand for charter flights.
