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Trading Places: Here are this week’s substantial holder movements
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Trading Places is Stockhead’s weekly recap of substantial holder movements focusing on fund managers.
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 |
|---|---|---|---|---|---|
| Eclipx Group | ECX | $461.9M | Maso Capital Investments | 6.79% | Increasing |
| Range International | RAN | $3.7M | Black Marlin Fund | 6.00% | Becoming |
| BTC Health | BTC | $28.3M | Naos Asset Managment | 21.55% | Increasing |
| The Reject Shop | TRS | $117.4M | Grahger Retail Securities | 9.27% | Increasing |
| Damstra Holdings | DTC | $133.3M | Perennial Value Management | 6.20% | Increasing |
| Silver City Minerals | SCI | $3.0M | Gavin Wates | 9.64% | Increasing |
| Grand Gulf Energy | GGE | $2.3M | Sacha Investments | 6.25% | Becoming |
| GTN | GTN | $188.6M | Viburnum Funds | 20.89% | Increasing |
| Peet | PPC | $630.7M | L1 Capital | 8.36% | Increasing |
| HGL | HNG | $20.7M | Sery | 27.53% | Increasing |
| ReadyTech | RDY | $152.0M | Microequities Asset Management | 5.99% | Becoming |
| Anatara Lifesciences | ANR | $17.0M | RTL Group Investments | 11.00% | Increasing |
| AMA Group | AMA | $709.8M | Milford Asset Managmeent | 5.00% | Becoming |
| Accelerate Resources | AX8 | $1.2M | GTT Global Opportunities | 12.92% | Becoming |
| Aura Energy | AEE | $10.7M | Asean Deep Value Fund | 17.46% | Increasing |
| RPMGlobal | RUL | $203.8M | Forager Funds Management | 5.64% | Becoming |
| GBM Resources | GBM | Suspended | Stibium Mining | 8.37% | Becoming |
| Elementos | ELT | $7.6M | Mark Wellings | 15.75% | Becoming |
| Experience Co | EXP | $133.4M | Naos Asset Managment | 8.89% | Becoming |
| IntelliHR | IHR | $21.1M | Colinton Capital Partners | 19.90% | Increasing |
| Candy Club Holdings | CLB | $14.7M | James Bailleu and JCKB | 25.23% | Becoming |
Gut health focused Anatara Lifesciences (ASX:ANR) has well and truly put a tough couple of years behind it, soaring from 19c in December to 34c yesterday.
It all began with solid pre-clinical data suggesting its dietary supplement reduces gut inflammation. It anticipates beginning a human trial next quarter.
RTL Group Investments bought another $50,000 in shares, taking its stake to 11 per cent. This company belongs to Robert Lederer, the son of Financial Review rich lister Paul Lederer and a notable angel investor in his own right.
According to his Linkedin profile he is also an investor in Life360 (ASX:360), Splitit (ASX:SPT) and BNK Bank (ASX:BBC).
The Range International (ASX:RAN) directors who went in big last week were joined by Mauritius-based Black Marlin Fund, which now owns 6 per cent.
Perannial Value Management increased its holdings in tech stock Damstra Holdings (ASX:DTC) to 6.2 per cent.
Another tech stock with a substantial holder buying is ReadyTech (ASX:RDY). Microequities Asset Management now owns 5.99 per cent.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Class | CL1 | $243.6M | Pinnacle Investment Management | 10.17% | Decreasing |
| Red5 | RED | $404.7M | Regal Funds Management | 6.02% | Decreasing |
| RXP Services | RXP | $88.6M | Microequities Asset Management | 8.13% | Decreasing |
| Open Learning | OLL | $43.3M | Regal Funds Management | 4.75% | Ceasing |
| McPherson's | MCP | $303.4M | Investors Mutual | 10.08% | Decreasing |
| Metals X | MLX | $81.7M | L1 Capital | 13.39% | Decreasing |
| Vintage Energy | VEN | $49.3M | Tribeca Investment Partners | 6.16% | Decreasing |
| Beston Global Food Company | BFC | $40.3M | Mackenzie Financial Corporation | 5.41% | Decreasing |
| Wellness & Beauty Solutions | WNB | $9.0M | Regal Funds Management | 5.93% | Decreasing |
| Lycopodium | LYL | $250.3M | Celeste Funds Management | 4.90% | Ceasing |
| Coventry Group | CYG | $96.5M | Lanyon Asset Management | 5.40% | Decreasing |
| Metgasco | MEL | $20.7M | Keybridge Capital | 15.60% | Decreasing |
| Ellex | ELX | $109.1M | Investors Mutual | 6.22% | Decreasing |
| BidEnergy | BID | $142.6M | Auction Design | 0.00% | Ceasing |
| UUV Aquabotix | UUV | $2.0M | Bergen Special Opportunity Fund | 0% | Ceasing |
| CML Group | CGR | $119.7M | Naos Asset Managmeent | 8.53% | Decreasing |
| Cogstate | CGS | $82.4M | Martyn Myer | 14.03% | Decreasing |
After a shaky start to listed life, Open Learning (ASX:OLL) has recovered and sits 35 per cent higher than its IPO price.
Regal Funds Management cashed out some of its holdings and how holds only 4.75 per cent. Regal also sold some of its holdings in gold explorer Red5 (ASX:RED) and Wellness & Beauty Solutions (ASX:WNB).
UUV Aquabotix’s (ASX:UUV) biggest shareholder, the Bergen Special Opportunity Fund, sold its 17 per cent stake this week. Having listed nearly three years ago, UUV fell from 20c to just 0.4c. Ouch.
Celeste Funds Management ceased to be a substantial holder of one of the ASX’s few management consultants, Lycopodium (ASX:LYL).
