If you to know where fund managers and investors (the famous and the unknown alike) are putting their money, 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.

 

Sellers

Company Code Market Cap Holder Current Stake Status
NZME NZM $134.6M Auscap Asset Management 12.89% Decreasing
FYI Resources FYI $81.2M Regal Funds Management 7.67% Decreasing
Peninsula Energy PEN $102.7M Nero Resource Fund <5% Ceasing
MNF Group MNF $372.5M Naos Asset Management <5% Ceasing
iSentia ISD $27.2M DUMAC 6% Decreasing
Cellnet Group CLT $28.2M Thundering Herd 7.91% Decreasing
Venture Minerals VMS $86.7M Republic Investment Management <5% Ceasing
Impedimed IPD $163.2M Australian Ethical <5% Ceasing
Elementos ELT $29.2M Mark Wellings 11.93% Decreasing
Easton Investments EAS $43.3M Pie Funds Management 6.22% Decreasing
Rhythm Biosciences RHY $227.7M Loumea Investments 5.48% Decreasing
Antisense Therapeutics ANP $103.3M Platinum Investment Management <5% Ceasing

This week’s most notable trade was a sale made by a shareholder of Rhythm Biosciences (ASX:RHY) which is developing a colorectal cancer detection kit that it hopes to be cheaper, more effective and less invasive than the faecal test run by the government.

Rhythm listed in 2017 and for a couple of years it wasn’t clear if the company was going anywhere. But that’s changed this year and shares have rocketed from under 5 cents to over $1.10.

One of Rhythm’s largest shareholders, Loumea Investments (a private investment company in Melbourne owned by Richard Vom), lodged its latest substantial holder notice earlier this week. Over the last four months it has parted with 2,754,346 shares for over $1.2 million.

Loumea has long been a Rhythm shareholder but last topped up its holding with a purchase of six million shares back on September 3 for $360,000 – at 6 cents per share. The former parcel would have cost $165,261 – representing a gain of over 600 per cent.

Other notable sales included Nero Resources Fund ceasing to be a substantial holder of uranium play Peninsula Energy (ASX:PEN) and Auscap Asset Management cutting its stake in New Zealand Media and Entertainment (ASX:NZM) to just under 13 per cent.

 

Buyers

Company Code Market Cap Holder Stake Status
Scout Security SCT $16.2M EGP Capital 7.13% Increasing
Rincon Resources RCR $22.3M Geoff McNamara 5.65% Becoming
Catalyst Metals CYL $202.3M Gina Rinehart 13.59% Increasing
Exopharm EX1 $76.0M Carl Charalambous 6.08% Increasing
Pivotal Systems PVS $116.6M Viburnum Funds 7.13% Increasing
Catalyst Metals CYL $202.3M Drill Investments 8.02% Increasing
Red Sky Energy ROG $3.6M Abacus Enterprises 5.12% Increasing
Viking Mines VKA $15.8M Raymond Whitten 13.07% Increasing
Somnomed SOM $182.0M Fidelity 7.29% Increasing
Catalyst Metals CYL $202.3M Bianca Rinehart 13.59% Increasing
Betmakers BET $472.5M Tekkorp Holdings 16.79% Increasing
Viking Mines VKA $15.8M Syracuse Capital 8.79% Increasing
FBR FBR $95.9M Mark Pivac 15.29% Increasing
Australian Agricultural Projects AAP $7.3M Challis Family 12.19% Increasing
Karoon Energy KAR $620.1M Aviva Investors 6.37% Increasing
SenSen Networks SNS $101.0M VGI Partners 7.72% Becoming
Shroro Pacific SHM $83.2M D2A Holdings HK 19.89% Becoming
Golden Cross Resources GCR $1.9M Oceanic Universal 5.90% Becoming
IPB Petroleum IPB $11.8M Philip Smith 10.35% Increasing
Pacific Current Group PAC $320.2M Fidelity 9.52% Increasing
RedHill Education RDH $47.8M UCW 22.45% Increasing
JCurve Solutions JCS $9.9M Philip Ewart 14.88% Increasing
Lifespot Health LSH $14.0M Cannvalata 19.21% Increasing
Thorn Group TGA $83.0M Somers 33.50% Increasing
QuickFee QFE $88.9M Thorney Opportunities 11.36% Increasing
TZL TZL $9.1M SG Hiscock 8.54% Increasing
Design Milk DMC $9.8M Bombora 14.54% Increasing
Nuheara NUH $87.9M Perennial Value Management 7.98% Becoming
Impedimed IPD $169.5M Paradice Investment Management 8.20% Increasing
Urbanise UBN $65.9M Australian Ethical 9.90% Increasing
Sacgasco SGC $26.6M Kenneth Baker 5.00% Becoming
iSentia Group ISD $33.2M Spheria Asset Management 19.89% Increasing

Moving on to the buyers and this week’s most notable buy was made by Perennial Value Management.

It became a substantial holder of smart hearing device creator and retailer Nuheara (ASX:NUH), owning just under 8 per cent.

Perennial quickly accumulated the stake through two trades back on January 7 totalling over $6 million.

Alex Waislitz’s Thorney Opportunities now owns 11.36 per cent of fintech QuickFee (ASX:QFE) , which helps lawyers and accountants get paid.

Australian Ethical increased its stake in cloud platform Urbanise (ASX: UBN) to 9.9 per cent.