Trading Places: Here are the stocks fund managers have been buying

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
Flexigroup	FXL	$167.6M	Renaissance Smaller Companies	8.05%	Increasing
Marley Spoon	MMM	$75.7M	Pie Funds Management	5.05%	Becoming
OM Holdings	OMH	$232.7M	Marc Chan	13.57%	Increasing
Chant West	CWL	$11.9M	Harvest Lane Asset Management	5.24%	Becoming
Carbon Revolution	CBR	$136.9M	Challenger	6.13%	Becoming
Select Harvests	SHV	$681.9M	Paradice Investment Management	9.40%	Increasing
Devex Resources	DEV	$6.1M	Timothy Goyder	23.77%	Increasing
Kin Mining	KIN	$30.1M	Harman Family	17.45%	Increasing
Nick Scali	NCK	$263.3M	Perpetual	13.36%	Increasing
Spectrum Metals	SPX	$172.9M	Ramelius Resources	69.01%	Increasing
TZ	TSL	$35.8M	First Samuel	24.12%	Increasing
AppsVillage	APV	$8.1M	IAS	13.75%	Increasing
Norwood Systems	NOR	$5.9M	7Sundays	6.20%	Becoming
3P Learning	3PL	$104.6M	Viburnum Funds	22.89%	Increasing
City Chic Collective	CCX	$216.5M	Pendal Group	5.33%	Becoming
United Malt Group	UMG	$1.1B	Ethical Partners Funds Management	5.57%	Becoming
Fleetwood	FWD	$113.5M	Paradice Investment Management	9.87%	Increasing
Minrex Resources	MRR	$1.2M	Chifley Portfolios	15.86%	Increasing
Whitebark Energy	WBE	$9.1M	Charles Morgan	5.65%	Increasing
City Chic Collective	CCX	$216.5M	Spheria Asset Management	10.18%	Increasing
Norwood Systems	NOR	$5.9M	Apsec Funds Management	10.70%	Increasing
AVA Risk Group	AVA	$23.4M	E.J. Worthington	6.03%	Increasing
Catapault Group	CAT	$131.7M	Quest Asset Partners	8.07%	Increasing
Viva Leisure	VVA	$60.2M	Copia Investment Partners	6.94%	Increasing
Kin Mining	KIN	$30.1M	Mostia Dion	9.33%	Increasing
Aura Energy	AEE	$5.2M	Asean Deep Fund	19.05%	Increasing
Vault Intelligence	VLT	$16.0M	Jencay Capital	5.18%	Becoming
Village Roadshow	VRL	$222.5M	Spheria Asset Management	5.20%	Becoming
Capral	CAA	$44.1M	Allan Gray	20.56%	Increasing
Atrum Coal	ATU	$81.3M	Timothy Roberts	16.73%	Becoming
Readcloud	RCL	$30.4M	Thorney Technologies	10.73%	Increasing
GTN	GTN	$109.4M	Perennial Value Management	12.36%	Increasing
MoneyMe	MME	$98.3M	Perennial Value Management	10.66%	Increasing
Viva Leisure	VVA	$60.2M	Bennelong Australia Equity Partners	15.20%	Increasing
MSL Solutions	MPW	$11.3M	Richard Holzgrefe	5.21%	Becoming
Hammer Metals	HMX	$6.2M	Lundie Investments	5.39%	Becoming
Atrum Coal	ATU	$81.3M	Lumyna Investments	5.40%	Becoming
3P Learning	3PL	$108.8M	Australian Ethical Investment	14.00%	Increasing
A2B Australia	A2B	$77.1M	Pinnacle Investment Management	5.03%	Becoming
Freehill Mining	FHS	$27.9M	Samuel Duddy	13.71%	Increasing
Integral Diagnostics	IDX	$525.3M	Yarra Funds Management	5.44%	Becoming
Australis Oil and Gas	ATS	$18.7M	Thorney Technologies	6.42%	Increasing
Lovisa Holdings	LOV	$566.3M	Challenger	7.21%	Increasing
Bidenergy	BID	$96.7M	Thorney Technologies	6.87%	Increasing
Perenti	PRN	$412.4M	L1 Capital	7.98%	Increasing
Peet	PPC	$403.6M	L1 Capital	13.93%	Increasing
Decmil Group	DCG	$29.9M	Thorney Technologies	17.17%	Increasing
Alto Metals	AME	$15.6M	Harvest Lane Asset Management	7.46%	Increasing
AHALife Holdings	AHL	$3.0M	Bombora	13.20%	Increasing
Corporate Travel Management	CTD	$982.2M	Invesco	10.95%	Increasing
Beacon Lighting	BLX	$110.1M	Pendal Group	5.49%	Becoming
Zoono Group	ZNO	$321.7M	Lumyna Investments	5.50%	Becoming
GetSwift	GSW	$111.2M	Fidelity	6.01%	Increasing
SomnoMed	SOM	$82.4M	TDM Growth Partners	22.79%	Increasing
Adairs	ADH	$148.8M	Challenger	7.28%	Increasing
Mindax	MDX	$2.8M	Meilian Zeng	7.24%	Becoming
Tinybeans	TNY	$47.5M	John Rubino	7.20%	Becoming
Credit Corp	CCP	$738.7M	Bennelong Australia Equity Partners	17.39%	Increasing
ScandiVanadium	SVD	$1.8M	Croesus Mining	6.38%	Increasing
CML Group	CGR	$96.8M	Harvest Lane Asset Management	5.08%	Becoming
Seafarms	SFG	$73.7M	Janet Cameron	12.32%	Becoming
Limeade	LME	$339.1M	Perennial Value Management	8.79%	Increasing
Citadel Group	CGL	$210.9M	Perennial Value Management	8.40%	Becoming
Genetic Signatures	GSS	$279.4M	Perennial Value Management	9.40%	Increasing
Medadvisor	MDR	$98.4M	Regal Funds Management	8.37%	Increasing
Minotaur Exploration	MEP	$9.8M	Sprott	10.65%	Increasing
Chesser Resources	CHZ	$14.8M	Robert Greenslade	5.57%	Becoming
Tambla	TBL	$2.8M	Kestrel Growth Companies	33.62%	Increasing
Citadel Group	CGL	$227.8M	Challenger	5.53%	Becoming
Westgold Resources	WGX	$715.8M	Fidelity	9.84%	Increasing
Spirit Telecom	ST1	$48.7M	Peter Diamond	20.05%	Increasing
BSA	BSA	$125.3M	Naos Asset Management	24.16%	Increasing
Fleetwood	FWD	$118.3M	Perennial Value Management	11.72%	Increasing
Citadel Group	CGL	$227.8M	Perennial Value Management	6.21%	Becoming
Nickel Mines	NIC	$787.8M	PT Karunia Bara Perkasa	5.18%	Becoming
Marley Spoon	MMM	$139.9M	Pie Funds Management	6.70%	Becoming
Superior Lake Resources	SUP	$6.5M	Grant Davey	12.90%	Increasing
NTM Gold	NTM	$42.8M	Empire Resources	13.26%	Increasing
Trigg Mining	TMG	$966K	Matthew Wheeler	5.37%	Becoming
Aeris Resources	AIS	$20.5M	Tudor Court	19.99%	Increasing

In recent days equity markets have been rising again and stocks that were solid performers last year were again in demand.

Paradice Investment Management bought almond maker Select Harvests (ASX:SHV), which had gained 50 per cent in 2019.

Plus size womens wear seller City Chic Collective (ASX:CCX) went from 11c to as high as $3.58 in just over two and a half years before plunging to $1.07 in just five weeks.

But it is just over $1.50 again and Spheria Asset Management and Pendal Group both bought shares, now owning over 15 per cent between them.

Spheria also bought into Village Roadshow (ASX:VRL), picking up a 5.2 per cent stake, despite the firm having to close its theme parks due to social distancing laws.

Perpetual increased its holdings in furniture retailer Nick Scali (ASX:NCK) to just over 13 per cent.

One major transaction that occured despite COVID-19 was the demerger of United Malt Group (ASX:UMG) from Graincorp (ASX:GRN). Ethical Partners Fund Management bought a 5.57 per cent stake in the spin off.

Other notable buys included Alex Waislitz’s Thorney Opportunities buying into Bidenergy (ASX:BID) and Australian Ethical Investments taking its holdings in 3P Learning (ASX:3PL) to 14 per cent.

Perennial Value Management’s buys in recent days included Genetic Signatures (ASX:GSS), which has developed a COVID-19 test.

Other stocks helping people in this time were popular too. For instance meal kit deliverer Marley Spoon (ASX:MMM) saw Pie Funds Management join its register, while Lumnya Investments bought 5.5 per cent of hand sanitiser maker Zoono (ASX:ZNO).

Sellers

Company	Code	Market Cap	Holder	Current Stake	Status
Ovato	OVT	$7.3M	Allan Gray	6.12%	Decreasing
Kalina Power	KPO	$21.3M	Harrington Global Opportunities Fund	0.00%	Ceasing
Flexigroup	FXL	$197.2M	Washington H Soul Pattinson	0%	Ceasing
Estia Health	EHE	$299.0M	Vinva Investment Management	4.99%	Ceasing
Oneview Healthcare	ONE	$6.6M	Perennial Value Management	10.03%	Decreasing
Medadvisor	MDR	$86.1M	Regal Funds Management	6.25%	Decreasing
GWA Group	GWA	$681.1M	Investors Mutual	1.06%	Ceasing
Chorus	CNU	$2.8B	L1 Capital	12.23%	Decreasing
Whispir	WSP	$124.5M	Regal Funds Management	4.08%	Ceasing
Spectrum Metals	SPX	$180.1M	Chalice Gold Mines	0%	Ceasing
1st Group	1ST	$11.1M	Focus Asset Management	0%	Ceasing
Salmat	SLM	$150.8M	Allan Gray	12.15%	Decreasing
Paragon Care	PGC	$42.2M	First Samuel	12.86%	Decreasing
1st Group	1ST	$11.1M	Perennial Value Management	6.07%	Decreasing
Rhinomed	RNO	$12.4M	Perennial Value Management	4.99%	Ceasing
Australian Finance Group	AFG	$279.2M	Milford Asset Management	5.86%	Ceasing
Antisense Therapeutics	ANP	$20.5M	Australian Ethical Investment	13.54%	Decreasing
UUV Aquabotix	UUV	$682K	Voltz Corporation	0.00%	Ceasing
1st Group	1ST	$11.9M	Perennial Value Management	4.25%	Ceasing
Nickel Mines	NIC	$774.4M	Regal Funds Management	5.79%	Decreasing
Nick Scali	NCK	$284.3M	Perpetual	11.53%	Decreasing
paladin Energy	PDN	$111.5M	Maso Capital PArtners	4.20%	Ceasing
paladin Energy	PDN	$111.5M	Paradice Investment Management	9.52%	Decreasing
OFX	OFX	$286.7M	Pendal Group	7.49%	Decreasing
Aurora Labs	A3D	$11.4M	David Budge	17.01%	Decreasing
Alliance Aviation	AQZ	$235.8M	Perennial Value Management	12.12%	Decreasing
Otto Energy	OEL	$13.5M	Perennial Value Management	0.37%	Ceasing
Readcloud	RCL	$26.4M	Amity Agency	14.03%	Decreasing
Indoor Skydive Australia	IDZ	$673K	LHC Capital Partners	0%	Ceasing
Syrah Resources	SYR	$93.3M	Harbour Asset Management	4.94%	Ceasing
Zenith Energy	ZEN	$144.2M	Pendal Group	4.19%	Ceasing
Zoono	ZNO	$339.7M	Lumyna Investments	4.17%	Ceasing
McPhersons	MCP	$240.2M	Investors Mutual	6.67%	Decreasing
Tamawood	TWD	$71.2M	Sterling Equitty	0%	Ceasing
3P Learning	3PL	$132.5M	Sterling Equitty	10.70%	Decreasing
Pental	PTL	$53.1M	Allan Gray	11.11%	Decreasing
Electro Optic System	EOS	$591.4M	Regal Funds Management	6.42%	Decreasing
Energy Action	EAX	$2.9M	Microequities Asset Management	8.55%	Decreasing
Schaffer Corporation	SFC	$149.2M	Sterling Equitty	7.90%	Decreasing

Several stocks appearing in the seller’s list have been adversely affected, or at least haven’t been able to calm investors’ fears they will be impacted.

For instance Alliance Aviation (ASX:AQZ) has seen all of its codeshare passenger services with Virgin Australia grounded. Perennial Value Management cut its holdings in the stock this week.

Buy now, pay later stock Flexigroup (ASX:FXL) saw Washington H Soul Pattinson sell out. Investors fear a looming credit crunch will see these stocks hit.

Uranium play Paladin Energy (ASX:PDN) saw Maso Capital Partners and Paradice Investment Management sell shares this week. Despite a boost to uranium prices in recent days, miners and explorers have been forced to scale back operations for the time being.