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 among ASX small caps, and fund managers feature prominently in this week’s edition.
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.
There were a high number of buys in tech. One was HR tech playform Xref (ASX:XRF) which welcomed Australian Ethical Investment as a substantial holder with a fresh 5.24 per cent stake.
|Company||Code||Market Cap||Holder||Current Stake||Status|
|Metro Performance Glass||MPP||$46.2M||Schroder Investment Management||6.11%||Decreasing|
|Rhipe||RHP||$299.9M||Regal Funds Management||4.60%||Ceasing|
|EML Payments||EML||$1.8B||Greencape Capital||5.28%||Decreasing|
|Orcoda||ODA||$21.7M||Alium Alpha Fund||8.72%||Decreasing|
|Steadfast Group||SDF||$3.5B||Investors Mutual||5.19%||Ceasing|
|Carbonxt Group||CG1||$50.3M||Walker Group Holdings||6.81%||Decreasing|
|QMS Media||QMS||$424.0M||Burgundy Asset Management||3.16%||Decreasing|
|Wisr||WZR||$294.2M||Adcock Private Equity||26%||Decreasing|
|Namoi Cotton||NAM||$51.9M||Kaplan Equity||0.00%||Ceasing|
|Beston Global Food Company||BFC||$39.6M||Mackenzie Financial Corporation||0.17%||Ceasing|
|Carbonnxt Group||CG1||$50.3M||Walker Group Holdings||2.81%||Ceasing|
|Nick Scali||NCK||$646.8M||Ethical Partners Funds Management||6.72%||Decreasing|
|Janison Education Group||JAN||$82.7M||Australian Ethical Investment||6.99%||Decreasing|
|Nick Scali||NCK||$646.8M||Magellan Financial Group||5.24%||Decreasing|
|Base Resources||BSE||$281.2M||Regal Funds Management||10.63%||Decreasing|
|Tinybeans||TNY||$69.3M||Jason Kurtini and Sarah-Jane Kurtini||5.42%||Decreasing|
|National Veterinary Care||NVL||$246.8M||Grandeur Peak Global Advisors||5.94%||Decreasing|
Australian Ethical also bought into document management software stock Nitro Software (ASX:NTO).
Manufacturer of liquid nitrogen-resistent tracking devices BlueChiip (ASX:BCT) has retreated since its disappointing quarterly. But Saville Capital took its holdings over the 5 per cent threshold as the price dipped.
Banking stock 9Spokes (ASX:9SP) welcomed Alium Alpha Fund with a 10.46 per cent stake.
Samuel Terry Asset Management bought into Namoi Cotton (ASX:NAM) despite the company suffering the effects of drought for many months.
|MC Mining||MCM||$65.5M||Ying He Yuan Investment||15.20%||Becoming|
|PointsBet||PBH||$790.0M||Regal Funds Management||6.72%||Increasing|
|FSA Group||FSA||$172.0M||Microequities Asset Management||5.03%||Becoming|
|Carbonnxt Group||CG1||$42.8M||Pie Funds Management||7.74%||Becoming|
|Flexigroup||FXL||$735.5M||Renaissance Smaller Companies||5.38%||Becoming|
|Nitro Software||NTO||$302.3M||Australian Ethical Investment||5.04%||Becoming|
|9Spokes||9SP||$19.9M||Alium Alpha Fund||10.46%||Becoming|
|Pacific Current Group||PAC||$315.7M||Fidelity||7.23%||Increasing|
|Bellevue Gold||BGL||$290.7M||1832 Asset Management||13.71%||Increasing|
|XREF||XRF||$30.1M||Australian Ethical Investment||5.20%||Becoming|
|The Reject Shop||TRS||$126.0M||Gragher Retail Securities||12.77%||Increasing|
|Emerald Resources||EMR||$174.9M||Tazga Two||9.36%||Increasing|
|Emerald Resources||EMR||$174.9M||Morgan Hart & Simore||10.36%||Increasing|
|SciDev||SDV||$91.7M||Perennial Value Management||9.32%||Increasing|
|Base Resources||BSE||$292.9M||Sustainable Capital||22.25%||Increasing|
|Big River Gold||BRV||$27.7M||Sg Hiscock||7.06%||Increasing|
|Tietto Minerals||TIE||$108.7M||HongKong Ausino Investment||13.08%||Increasing|
|Infigen Energy||IFN||$663.9M||Vinva Investment Management||5.50%||Becoming|
|Select Harvests||SHV||$875.2M||Vinva Investment Management||5.05%||Becoming|
|Monash IVF||MVF||$234.6M||Allan Gray||10.16%||Increasing|
|Yowie Group||YOW||$13.1M||Keybridge Capital||22.94%||Increasing|
|Sudance Resources||SDL||Suspended||AustSino Resources Group||5.46%||Becoming|
|Namoi Cotton||NAM||$49.1M||Samuel Terry Asset Management||8.40%||Becoming|
|Pure Minerals||PM1||$11.3M||Andrew Matheson||7.50%||Becoming|
|Bluechiip||BCT||$71.2M||Saville Capital Emerging Companies||5.73%||Becoming|
|Yowie Group||YOW||$13.1M||Bentley Capital||15.35%||Increasing|
Following another solid half yearly from Nick Scali (ASX:NCK) two fund managers, Magellan Financial Group and Ethical Partners Funds Management, cashed out but still kept some skin in the game.
As part of Tinybeans’ (ASX:TNY) recent capital raise, co-founders Stephen O’Young and Sarah-Jane Kurtini sold down some of their holdings, which amounted to just over $4m between them.