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.
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
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.