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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.
Buying
Among the new buyers, family-tracking app Life360 (ASX:360) came into the sights of investment firm Regal Funds Management, which picked up a 5.14 per cent stake in the company.
After listing in May this year at $4.79, shares in the San Fransisco-based company — which derives most of its revenue from the US — have declined steadily to around $3.50.
Perth-based investment firm Merchant Advisory Group also had a busy week, topping up stakes in six small caps in which it already had a substantial holding.
Merchant’s current holdings span across energy, security tech, drone production and biotech. The fund now holds almost 20 per cent of Parazero (ASX:PRZ), a company which designs and manufacturers autonomous drone parachute systems for commercial drone safety.
Elsewhere, the Thorney Investment group, run by billionaire Alex Waislitz, increased its stake in Palla Pharma (ASX:PAL) to 20.80 per cent. The company is one of three licensed poppy producers in the Australian market.
And Paradice Investment Management lifted its stake in WA-based gold miner Capricorn Metals (ASX:CMM) to 8.93 per cent.
The stock was highlighted as a compelling value proposition by Rob Brierley, from financial services firm Advantage Management, in a recent edition of Stockhead’s Money Talks.
Here’s a summary of this week’s substantial shareholder moves on the buy-side.
Scroll or swipe to reveal table. Click headings to sort.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Pilbara Minerals | PLS | $622.6M | Comtemporary Amperex Technology | 8.24% | Becoming |
| EML Payments | EML | $1.0B | Challenger | 6.67% | Increasing |
| Lotus Resources | LOT | $14.9M | Grant Davey | 8.34% | Becoming |
| Esense-Lab | ESE | $2.6M | Jamber Investments | 5.27% | Becoming |
| Capricorn Metals | CMM | $389.7M | Paradice Investment Management | 8.93% | Increasing |
| Ooh! Media | OML | $606.0M | T Rowe Price Associates | 7.59% | Increasing |
| Palla Pharma | PAL | $64.9M | Washington H. Soul Pattinson | 23.18% | Increasing |
| Kin Mining | KIN | $20.3M | Delphi | 19.09% | Increasing |
| Alice Queen | AQX | $31.1M | Datt Group | 7.51% | Becoming |
| Total Brain | TTB | $38.9M | David Daglio | 6.47% | Becoming |
| Calima Energy | CE1 | $19.4M | Robert Brown | 5.13% | Becoming |
| Palla Pharma | PAL | $95.1M | Thorney Opportunitiesç | 20.80% | Increasing |
| Kin Mining | KIN | $21.8M | Harmanis Holdings | 15.26% | Increasing |
| TNT Mines | TIN | $2.7M | Merchant Funds Management | 9.41% | Increasing |
| Uscom | UCM | $16.4M | Greg Plummer | 5.37% | Becoming |
| Stonehorse Energy | SHE | $5.6M | Merchant Funds Management | 7.65% | Increasing |
| ArchTIS | AR9 | $16.0M | Merchant Funds Management | 15.10% | Increasing |
| Parazero | PRZ | $8.2M | Merchant Funds Management | 19.68% | Increasing |
| Heron Resources | HRR | $55.7M | Orion Mine Finance Fund | 22.85% | Increasing |
| XTEK | XTE | $41.1M | HighCom Global Security | 7.59% | Becoming |
| Azumah Resources | AZM | $32.3M | Harvest Lane Asset Management | 5.04% | Becoming |
| Austin Engineering | ANG | $107.1M | Spheria Asset Management | 12.25% | Increasing |
| Asaleo Care | AHY | $510.5M | Spheria Asset Management | 6.87% | Increasing |
| Althea Group | AGH | $92.2M | Pendal Group | 5.14% | Becoming |
| Life360 | 360 | $508.9M | Regal Funds Management | 5.14% | Becoming |
| Sienna Cancer Diagnostics | SDX | $12.7M | Merchant Funds Management | 10.99% | Increasing |
| Eureka Group Holdings | EGH | $69.1M | Naos Asset Management | 10.57% | Increasing |
| Bard1 Life Sciences | BD1 | $70.0M | Merchant Funds Management | 11.36% | Increasing |
Selling
Stock-picking fund Perennial Value Management reduced its holding in Ooh! Media (ASX:OLL) back below the 5 per cent threshold, selling down to 4.65 per cent.
Since providing a trading update with revised earnings guidance in mid-August, shares in Ooh! Media have slumped from above $4.50 to around $2.60.
In addition, a number of investment firms ceased to be holders in GBST Holdings (ASX:GBT), in connection with the sale of that company to Scotland-based financial techonology conglomerate FNZ.
Here’s a summary of this week’s substantial shareholder moves on the sell-side.
Scroll or swipe to reveal table. Click headings to sort.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| GBST Holdings | GBT | $261.5M | Australian Ethical Investment | 0% | Ceasing |
| Boss Resources | BOE | $96.7M | Davey Holdings | 4.74% | Ceasing |
| Stanmore Coal | SMR | $275.3M | Paradice Investment Management | 4% | Ceasing |
| BWX | BWX | $500.7M | NN Group | 15.73% | Decreasing |
| Hansen Technologies | HSN | $671.1M | Mawer Investment Management | 5.99% | Decreasing |
| GBST Holdings | GBT | $261.5M | Schroder Investment Management | 0% | Ceasing |
| Ooh! Media | OML | $605.5M | Perennial Value Management | 4.86% | Ceasing |
| CSG | CSV | $137.0M | TDM Growth Partners | 0% | Ceasing |
| Frontier Digital Ventures | FDV | $195.2M | Private Portfolio Managers | 0% | Ceasing |
| GBST Holdings | GBT | $261.5M | Pinnacle Investment Management | 0% | Ceasing |
