Trading Places: Here are this week’s substantial holder movements

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

One of the ASX’s few plays in the legal business LawFinance (ASX:LAW) saw a lot of changes on its register following its recent capital raise.

It banked $21m in a rights issue, and taking up more stock was Lucerne Asset Management and EGP Capital.

Another company completing a capital raising is gold stock Middle Island Resources (ASX:MDI). Notable mining investor Stephen Copulos and managing director Richard Yeates both topped up their holdings.

Another gold stock witnessing substantial shareholder buying is Brazil-focused Big River Gold (ASX:BRV). S&G Hiscock topped its stake up to 8.48 per cent.

Meanwhile, Wilson Asset Management raised its stake in wellness and beauty product seller BWX (ASX:BWX) to 7.06 per cent.

Sellers

As National Veterinary Care (ASX:NVL) is gradually snapped up its shareholders are selling out. Grandeur Peak Global Advisors went from nearly 6 per cent to just over 1 per cent this week.

Alex Waislitz’s Thorney Opportunities cut its stake in fintech Money3 (ASX:MNY) to 15 per cent.

Both Yarra Funds Management and Perennial Value Management sold shares in Integral Diagnostics (ASX:IDX). Yarra fell below the 5 per cent threshold but Perennial still owns over 7 per cent.

Regal Funds Management sold stock in NTM Gold (ASX:NTM) and cancer fighter Oncosil Medical (ASX:OSL).