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

Remember Hylea Metals (ASX: HCO), that company which rose over 400 per cent in a day after it announced it was getting into uranium? This week one of its substantial holders put more money into it, taking its stake to 8.6 per cent. Hylea has also changed its name to Lotus Resources.

Regal Funds Management made several purchases this week. Its most notable was buying into LiveTiles (ASX: LVT) with a 5.36 per cent stake for $10 million. It also became a substantial holder in Queensland gas explorer Senex Energy (ASX: SXY), buying a 6.14 per cent stake for $11 million.

Australian Super bought into carbon fibre composite manufacturer QuickStep (ASX: QHL), taking a 9.27 per cent stake. It also increased its holdings in Clean Teq (ASX: CLQ) to now own 8.65 per cent.

Yarra Funds Management increased its stake into Adairs (ASX: ADH), to 6.48 per cent. While the retailer’s share price has plunged in the winter, it has begun to recover in the last few weeks.

Rural Funds Group (ASX: RFF) has been attacked by two separate short-sellers in recent weeks and directors bought more money in the stock as a sign of confidence. This week a new substantial holder bought in, Pendal Group which took a 5.03 per cent stake.

Mining investor, Christopher Wallin, bought a 6.28 per cent stake in base metals explorer Carawine Resources (ASX: CWX). This company was a spin-off from Sheffield Resources (ASX: SFX) and believes it is onto a major copper find at its Victorian project

Company Code Market Cap Holder Stake Status
Clean Teq CLQ $232.9M Australian Super 8.65% Increasing
Droneshield DRO $88.6M Regal Funds Management 16.99% Increasing
Hylea Metals HCO $11.3M Neon Capital 8.59% Increasing
Elmo Software ELO $481.5M Immersion Capital Master Fund 16.72% Increasing
Lifespot Health LSH $4.3M Niv Dagan 6.88% Increasing
Meteoric Resources MEI $59.1M Klare 5.64% Becoming
Alchemy Resources ALY $7.7M Neil Watson 6.04% Increasing
Knosys KNO $13.3M Bombora Investment Management 5.70% Becoming
Rural Funds Group RFF $582.8M Pendal Group 5.03% Becoming
QuickStep QHL $88.8M Australian Super 9.27% Becoming
Carawine Resources CWX $10.1M Christoper Wallin 6.28% Becoming
Adairs ADH $321.8M Yarra Funds Management 6.48% Increasing
LiveTiles LVT $297.3M Regal Funds Management 5.36% Becoming
Blina Minerals BDI $4.6M Kalgoorlie Mine Management 15.78% Becoming
Living Cell Technologies LCT $12.6M Pacific Channel Holdings 5.26% Becoming
Class CL1 $167.1M Hyperion Asset Mangement 5.23% Becoming
Capitol Health CAJ $176.7M Challenger 10.29% Increasing
Kingwest Resources KWR $27.7M Horizon Minerals 19.90% Becoming
Enero Group EGG $180.8M Regal Funds Management 9.06% Increasing
Senex Energy SXY $531.5M Regal Funds Management 6.14% Becoming
Mod Resources MOD $146.3M Athos Capital 7.31% Becoming
MetalsX MLX $157.9M APAC Resources 12.84% Increasing
Eclipx ECX $566.8M Health Employee Superannuation Trust 5.01% Becoming
Class CL1 $176.5M Pinnacle Investment Management 11.32% Increasing
Thorn Group TGA $55.3M Investors Mutual 12.33% Increasing
AppsVillage APV $10.3M Investment Administration Services 5.63% Becoming
Thorn Group TGA $55.3M Forager Funds Management 16.15% Increasing
Lindsay Australia LAU $104.6M Washington H. Soul Pattinson 18.59% Increasing
Veriluma VRI $11.7M Antanas Guoga 11.41% Increasing
Schrole Group SCL $14.2M Capital H Management 10.88% Becoming
Legend Mining LEG $85.4M Independence Group 14.18% Increasing
Stealth Global Holdings SGI $8.5M IOOF 13.28% Increasing
Eureka Group EGH $67.9M NAOS Aset Maangement 9.15% Increasing

Sellers

There were relatively few sellers this week among fund managers.

Among them were Salt Funds Management selling its Monash IVF (ASX: MVF) stake below the 5 per cent threshold.

Schroder’s cut its stake in civil engineering firm MACA (ASX: MLD) to 9.51 per cent.

Company Code Market Cap Holder Current Stake Status
Monash IVF MVF $247.6M Salt Funds Management 4.97% Ceasing
MACA MLD $254.6M Schroder Investment Management 9.51% Decreasing
Althea AGH $171.3M Pac Partners Securities 6.00% Decreasing
United Networks UNL $2.5M Bull Equities 5% Decreasing
Livehire LVH $79.8M Regal Funds Management 4.98% Ceasing
Bigtincan BTH $148.0M Southern Cross Fund 5.70% Decreasing