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

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.

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.