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.



Company Code Market Cap Holder Stake Status
Musgrave Minerals MGV $41.4M Westminex Group 6.23% Increasing
8IP Emerging Companies 8EC $3.3M Dawney & Co 8.96% Increasing
Aeris Resources AIS $27.8M Tudor Court 5.13% Becoming
Aura Energy AEE $8.0M Asean Deep Value Fund 17.96% Increasing
GTN GTN $196.4M Dumac 5.04% Becoming
LawFinance LAW $39.9M Mark Siegel 22.24% Becoming
Apollo Consolidated AOP $52.1M Capricorn Group 9.05% Increasing
Superloop SLC $303.7M Perennial Value Management 9.27% Increasing
BNK Banking BBC $59.8M Calvin Ng 9.24% Increasing
LiveTiles LVT $261.2M Webtop Holding 9.98% Increasing
BNK Banking BBC $59.8M SF Legacy Investments 9.76% Becoming
Yojee YOJ $40.3M Thorney Technologies 7.12% Increasing
Middle Island Resources MDI $17.7M Twynam Investments 5.66% Increasing
Aura Energy AEE $8.0M Asean Deep Value Fund 18.10% Increasing
Katana Capital KAT $32.6M Brad Shallard 11.36% Increasing
Tikforce TKF Suspended Asymmetric Credit Partners 18.09% Becoming
Tikforce TKF Suspended B A Operations 10.85% Becoming
Middle Island Resources MDI $21.2M Copulos Group 13.18% Increasing
LawFinance LAW $58.0M Lucerne Asset Management 16.61% Increasing
Middle Island Resources MDI $21.2M Richard Yates 5.39% Increasing
Great Northern Minerals GNM $1.7M Ernst Kohler 5.94% Becoming
BWX BWX $509.2M Wilson Asset Management 7.06% Increasing
Healius HLS $2.0B EAB Holdings 15.88% Becoming
Aurelia Metals AMI $384.6M Perennial Value Management 6.34% Increasing
Big River Gold BRV $43.5M SG Hiscock & company 8.48% Increasing
Pure Alumina PUA $3.3M Paul Knowles 5.11% Becoming
Fertoz FTZ $12.7M Malcolm Weber 6.20% Becoming
Castille Resources CST $35.4M Kingdon Capital Management 5.42% Becoming
LawFinance LAW $58.0M EGP Capital 9.00% Increasing
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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.



Company Code Market Cap Holder Current Stake Status
Spectrum Metals SPX $210.8M 1832 Asset Management 8.21% Decreasing
Integral Diagnostics IDX $801.5M Perennial Value Management 8.30% Decreasing
GTN GTN $183.0M Harbour Asset Management 2.51% Ceasing
BluGlass BLG $26.8M SPP Technologies 9.11% Decreasing
Oncosil Medical OSL $91.5M Regal Funds Management 4.99% Ceasing
Citadel Group CGL $259.1M PJA Australia 5.84% Decreasing
Integral Diagnostics IDX $804.4M Yarra Funds Management 4.93% Ceasing
MMA Offshore MRM $143.5M First Samuel 9% Decreasing
Adairs ADH $429.5M Brett Blundy 0.00% Ceasing
NTM Gold NTM $46.6M Regal Funds Management 5.30% Decreasing
Ora Banda Mining OBM $99.7M GR Engineering Services 2.63% Ceasing
Integral Diagnostics IDX $804.4M Perennial Value Management 7.09% Decreasing
National Veterinary Care NVL $247.5M Grandeur Peak Global Advisors 1.06% Ceasing
Alice Queen AQX $25.2M Andrew Buxton 6.17% Decreasing
Astivita AIR $13.9M Odalreach 16.94% Decreasing
Money3 MNY $521.5M Thorney Opportunities 15.00% Decreasing
Adairs ADH $422.7M Catalyst Investment Managers 0.00% Ceasing
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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).