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.

 

Buyers

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
Tinybeans TNY $69.3M Stephen O'Young 12.18% Decreasing
BWX BWX $534.3M NN Group 12.29% 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.

Resources stocks were popular buys as well, particularly gold, with Bellevue Gold (ASX:BGL) and Emerald Resources (ASX:EMR) seeing existing substantial holders buy more.

Samuel Terry Asset Management bought into Namoi Cotton (ASX:NAM) despite the company suffering the effects of drought for many months.

Vinva Investment Management became a substantial holder of wind energy play Infigen Energy (ASX:IFN) and almond grower Select Harvests (ASX:SHV).

Company Code Market Cap Holder Stake Status
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
Impelus IMS $5.6M Brandan Birthistle 33.62% 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
Diatreme Resources DRX $20.4M Ilwella 14.82% Increasing
Musgrave Minerals MGV $42.6M Westminex 5.07% Becoming
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

 

Sellers

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.

Regal Funds Management sold shares in Madagascar-focused mineral sands explorer Base Resources (ASX:BSE) and subscription software licence provider Rhipe (ASX:RHP).

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.

At Stockhead we tell it like it is. While XRef is a Stockhead advertiser, it did not sponsor this article.