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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.
Buyers
Last week online market place Redbubble (ASX:RBL) nearly halved after a negative trading update. This followed a stellar run over the proceeding few months.
Perennial Value Management took the chance to buy in and accumulated a 5.17 per cent stake. It also increased its stake in enviro-tech stock De.Mem (ASX:DEM) and now owns a 14.93 per cent stake
Dean Fergie’s Cyan Investment Management became a substantial holder of ed-tech Schrole Group (ASX:SCL). Its signature product is an online recruitment platform focused on international schools.
Speaking of tech stocks, cloud software licensing firm Rhipe (ASX:RHP) saw Australian Ethical Investment take a 5.07 per cent stake.
Alex Waislitz’s Thorney Opportunities bought into Consolidated Operations Group (ASX:COG) and Wellness and Beauty Solutions (ASX:WNB) this week.
Merchant Funds Management increased its holdings in Family Insights Group (ASX:FAM) and Santana Minerals (ASX:SMI).
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Golden Mile Resources | G88 | $2.8M | Golden Venture Capital | 8.40% | Becoming |
| IVE Group | IGL | $345.3M | Vinva Asset Management | 5.05% | Becoming |
| New Standard Energy | NSE | Suspended | Xiangqian Zhang | 7.50% | Becoming |
| EVE Investments | EVE | $12.8M | Alisdair Cooke | 6.12% | Increasing |
| Wellness and Beauty Solutions | WNB | $9.0M | Thorney Opportunity | 17.12% | Increasing |
| Aspen Group | APZ | $115.6M | Brahman Capital Management | 19.95% | Increasing |
| Estia Health | EHE | $647.5M | United Super | 5.01% | Becoming |
| Great Northern Minerals | GNM | $4.2M | Jetosea | 8.88% | Becoming |
| Anglo Australian Resources | AAR | $36.2M | Braham Investments | 14.53% | Increasing |
| Consolidated Operations Group | COG | $133.7M | Thorney Opportunity | 5.32% | Becoming |
| Santana Minerals | SMI | $8.1M | Merchant Funds Management | 6.21% | Becoming |
| Citadel Group | CGL | $203.6M | Microequities Asset Management | 5.17% | Becoming |
| Danakali | DNK | $186.4M | AFC Equity Investments | 16.63% | Becoming |
| Magmatic Resources | MAG | $26.4M | Bilingual | 27.35% | Increasing |
| Magmatic Resources | MAG | $26.4M | David Berrie | 9.04% | Increasing |
| Bryah Resources | BYH | $4.2M | Australian Vanadium | 11.15% | Increasing |
| Adavale Resources | ADD | $2.6M | RAAR Capital Group | 5.79% | Becoming |
| Marmota | MEU | $18.6M | Colin Rose | 10.90% | Increasing |
| Megaport | MP1 | $1.4B | T Rowe Price Associates | 5.07% | Becoming |
| Terragen Holdings | TGH | $36.4M | Sam Brougham | 6.33% | Becoming |
| Fenix Resources | FEX | $11.5M | Gavin Argyle | 5.00% | Becoming |
| Schrole Group | SCL | $18.6M | Cyan Investment Management | 5.50% | Becoming |
| Stealth Global Holdings | SGI | $9.5M | EGP Capital | 8.50% | Becoming |
| CML Group | CGR | $102.3M | Naos Asset Management | 19.17% | Increasing |
| Saunders International | SND | $32.5M | Naos Asset Management | 20.48% | Increasing |
| 8IP Emerging Companies | 8EC | $3.0M | Dawney & Co | 6.01% | Becoming |
| De.Mem | DEM | $37.1M | Perennial Value Management | 14.93% | Increasing |
| HomeStay Care | HSC | $8.9M | Russell Acquisitions | 5.41% | Becoming |
| Genetic Signatures | GSS | $138.1M | Fidelity | 6.70% | Becoming |
| Empire Resources | ERL | $6.2M | Michael Ruane | 31.14% | Increasing |
| Dotz Nano | DTZ | $15.3M | Southern Israel Bridging Fund | 10.40% | Becoming |
| Rhipe | RHP | $323.7M | Australian Ethical Investment | 5.07% | Becoming |
| Medigard | MGZ | Suspended | Donald Channer | 28.64% | Increasing |
| First AU | FAU | $2.7M | Bryan Frost | 9.77% | Increasing |
| Family Insights Group | FAM | $4.0M | Merchant Funds Management | 9.85% | Increasing |
| Pacific Smiles Group | PSQ | $250.8M | TDM Growth Partners | 23.03% | Increasing |
| Redbubble | RBL | $258.9M | Perennial Value Management | 5.17% | Becoming |
| Genetic Signatures | GSS | $138.1M | Perennial Value Management | 7.33% | Becoming |
| Stealth Global Holdings | SGI | $9.5M | Perennial Value Management | 14.95% | Increasing |
| Pursuit Minerals | PUR | $1.7M | Jamber Investments | 6.06% | Increasing |
| Champion Iron | CIA | $1.2B | William O'Keefe | 9.89% | Increasing |
| Royalco Resources | RCO | $12.4M | Fitzroy River Corporation | 48.16% | Increasing |
| Key Petroleum | KEY | $8.4M | ASF Oil and Gas Holdings | 13.17% | Increasing |
| Atomos | AMS | $263.3M | Perennial Value Management | 9.29% | Increasing |
| Reverse Corp | REF | $464K | Edwin Diaz | 6.95% | Becoming |
| Auris Minerals | AUR | $6.1M | David Bailey | 5.11% | Becoming |
| Variscan Mines | VAR | $78K | Slipstream Resources Investments | 19.41% | Becoming |
Sellers
Botanix Pharmaceuticals (ASX:BOT) has not recovered since a poor clinical trial for its anti-acne skin cream. Gayle McGarry sold around $1.3m in the immediate aftermath and was diluted this week.
Perennial reduced its holdings in 3P Learning (ASX:3PL), while Hyperion Asset Management ceased to be substantial holders of Class (ASX:CL1).
Meanwhile, Regal Funds Management cut its stake in Wellness & Beauty Solutions (ASX:WNB) to 7.42 per cent.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Golden Mile Resources | G88 | $2.8M | International Energy Equity | 0% | Ceasing |
| Capral | CAA | $55.7M | Schroder Investment Management | 4.67% | Ceasing |
| Class | CL1 | $245.9M | Hyperion Asset Management | 4.97% | Ceasing |
| Benetic Biopharma | BLT | $12.9M | Emprey Asset Management | 6.09% | Decreasing |
| Threat PRotect Australia | TPS | $34.9M | First Samuel | 31.59% | Decreasing |
| Tap Oil | TAP | $59.6M | Northern Gulf Petroleum Holdings | 24.53% | Decreasing |
| Steath Global Holdings | SGI | $9.5M | Capital Drilling | 5.33% | Decreasing |
| Prodigy Gold | PRX | $41.8M | St Barbara | 0% | Ceasing |
| Botanix Pharmaceuticals | BOT | $89.5M | Gayle McGarry | 6.12% | Decreasing |
| Variscan Mines | VAR | $77.9K | Delphi | 5.81% | Decreasing |
| 3P Learning | 3PL | $120.6M | Perennial Value Management | 4.24% | Ceasing |
| Wellness & Beauty Solutions | WNB | $10.0M | Regal Funds Management | 7.42% | Decreasing |
| Damstra Holdings | DTC | $136.1M | Ellerston Capital | 5.09% | Decreasing |
