If you to know which ASX stocks fund managers and famous investors such are putting their money into – whether recent IPOs or stocks listed for decades – we’ve been keeping track of substantial holder buys (and sells).

Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.

Substantial shareholders are those holding 5 per cent or more of a company’s shares — 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, as well as any change in their holdings while they remain above 5 per cent.

 

Buyers of recent ASX IPOs

Company Code Market Cap Holder Stake Status
Peppermint Innovation PIL $52.6M Hirsch Financial 8.15% Becoming
Kip McGrath KME $76.2M Regal Funds Management 9.10% Increasing
RareX REE $49.0M Simon Lee 5.76% Becoming
Deep Yellow DYL $196.1M Collines Investments 7.11% Increasing
Superloop SLC $327.5M Perennial Value Management 9.99% Increasing
Bard1 BD1 $235.7M Merchant Funds Management 14.48% Increasing
National Tyre & Wheels NTD $101.1M Collins St Asset Management 5.31% Becoming
PKS Holdings PKS $67.5M Mirrabooka Investments 5.16% Becoming
Betmakers BET $680.8M Ausbil Investment Management 5.80% Becoming
Ambertech AMO $18.4M Crowton - Peter Amos Super Fund 6.44% Increasing
Coventry Group CYG $95.4M Richmond Hill Capital 10.30% Increasing
Metals X MLX $190.5M Old Peak Group 14.22% Increasing
PVW Resources PVW $11.1M Lind Partners 5.46% Becoming
Design Milk DMC $15.7M Bombora 17.62% Increasing
PKS Holdings PKS $67.5M Bombora 8.63% Becoming
Navigator Global Investments NGI $347.6M Perennial Value Management 7.45% Increasing
Limeade LME $236.0M Perennial Value Management 12.59% Increasing
GTN GTN $118.4M Viburnum Funds 26.97% Increasing
Smart Parking SPZ $57.5M Microequities Asset Management 5.16% Becoming
Nuix NXL $1.9B Regal Funds Management 5.28% Becoming
KGL Resources KGL $178.0M Paradice Investment Management 5.00% Becoming
Wiseway Group WWG $44.2M SG Hiscock 6.34% Increasing
Story-I SRY $9.0M Harry Lee 19.40% Increasing
Viking Mines VKA $37.3M Vanguard Superannuation 10.44% Increasing
Tempo TPP $30.5M Paul Dalgleish 7.34% Becoming
West Wits Mining WWI $95.3M Wingfield Durban Deep 12.46% Becoming
Retail Food Group RFG $146.3M Regal Funds Management 15.71% Increasing
Thorney Technologies TOP $106.5M Janet Cameron 5.10% Becoming
Genworth Mortgage Insurance GMA $985.9M Australian Ethical 7.32% Increasing
Amaysim AYS $241.3M Wilson Asset Management 62.40% Increasing
Altium ALU $3.4B Pinncale Investment Management 7.34% Increasing
Retail Food Group RFG $146.3M Castle Points Funds Management 7.76% Increasing
HGL HNG $26.1M Alexander Beard 8.47% Increasing
Janison Education Group JAN $124.3M ICE Investors 6.13% Becoming
Minrex Resources MRR $12.7M Australia United Mining 9.07% Becoming
African Energy Resources AFR $11.2M PS Consulting 8.00% Becoming
Lindian Resources LIN $17.2M Ven Capital 8.98% Increasing
Live Verdure LV1 $12.7M Andrew Wilson 5.43% Becoming
Terragen Holdings TGH $79.7M Scobie Ward 14.17% Increasing
Australian Rural Capital ARC $4.5M Capital H Management 14.50% Becoming
Kula Gold KGD $6.5M Bowman Gate 18.14% Increasing
Doctor Care Anywhere DOC $350.6M Perennial Value Management 5.65% Becoming
Infomedia IFM $504.7M Pendal Group 7.71% Increasing
Allegiance Coal AHQ $82.2M Regal Funds Management 7.70% Increasing
Ooh!Media OML $976.5M Challenger 5.06% Becoming
Control Bionics CBL $54.2M Acorn Capital 5.27% Becoming
Dropsuite DSE $104.5M Topline Capital Partners 18.30% Increasing

After a lull in March and April last year, the ASX IPO market has taken off in recent months with dozens of listings and investors keen to buy in (or even buy more) once they get to market.

One of the largest recent IPO was software stock Nuix (ASX:NXL) which Regal Funds Management just became a substantial holder of with a 5.28 per cent.

After making relatively smaller purchases on market, it made two on market transactions worth $37.44 million and $1.63 million that made it a substantial holder.

Another recent IPO was medtech Control Bionics (ASX:CBL) which helps people with communication-inhibiting disabilities, such as cerebral palsy and motor-neurone disease, to still communicate.

Buying in was Acorn Capital which has also been making gradual buys on market but surpassed 5 per cent only a few days ago – with the flagship trade being $400,000.

Rounding out the list of recent ASX IPOs with a substantial holder investment was telehealth stock Doctor Care Anywhere (ASX:DOC). Perennial Value Management now holds a 5.65 per cent stake having crossed the 5 per cent threshold with two trades collectively worth $2.9 million last week.

 

Buyers of other ASX stocks recently

Looking to other stocks and one of the biggest movers in recent weeks has been Bard1 (ASX:BD1) which has surged off the back of data from its cancer diagnostic technology.

Merchant Funds Management has made a further investment in Bard1, taking its stake to 14.45 per cent.

Parking tech stock Smart Parking (ASX:SPZ) welcomed Microequities Asset Management which took a stake of just over 5 per cent.

Fast food franchisee Retail Food Group (ASX:RFG) saw Castle Point Funds Management and Regal Funds Management make further purchases and the pair own over 22 per cent of the stock between them.

Recent sales by ASX substantial holders

Company Code Market Cap Holder Current Stake Status
HT&E HT1 $503.5M Spheria Asset Management 8.69% Decreasing
Pact Group PGH $1.1B Investors Mutual 7.61% Decreasing
Little Green Pharma LGP $115.5M Elixeer 15.50% Decreasing
Catapult Group CAT $334.7M One Managed Investment Funds 6.98% Decreasing
Tempus Resources TMR $15.2M Sprott <5% Ceasing
Bard1 BD1 $235.7M Jeffrey Emmanuel <5% Ceasing
Pacific Smiles PSQ $414.5M Alexander Abahams 16.32% Decreasing
Empired ERD $121.0M Australian Ethical 13.01% Decreasing
Venturex VXR $178.2M Regent Pacific 7.90% Decreasing
Audinate AD8 $587.9M Smallco Investment Manager 7.81% Decreasing
RXP Services RXP $94.4M Microequities Asset Management <5% Ceasing
AFL Legal Group AFL $32.0M Westferry Fund <5% Ceasing
Janison Education JAN $124.3M Perennial Value Management 9.82% Decreasing
Vintage Energy VEN $30.3M Regal Funds Management 7.87% Decreasing
Olivers Real Food OLI $16.1M Martin Green 6.44% Decreasing
Olivers Real Food OLI $16.1M Michael Gregg 7.38% Decreasing
PWR Holdings PWH $536.0M Kees & Paul Weel 10.94% Decreasing
Aurora Labs A3D $19.9M Matthew Rolfe 9.79% Decreasing
African Energy Resources AFR $11.2M Sentinent Executive GP IV <5% Ceasing

Cashing out of Bard1 (ASX:BD1) was Jeffrey Emmanuel who parted with $8.2 million in shares. Emmanuel is a private investor and principal of Hong Kong based asset manager EFM.

Selling shares in Oliver’s Real Food (ASX:OLI) was Martin Green, the brother of Michael Green who made an attempt to topple then chairman Jason Gunn, and WiseTech (ASX:WTC) director Michael Gregg – although both are still substantial holders of the company.

Oliver’s is one of the less successful ASX IPOs of recent years having dropped in 2018-19 due to poor financial results and never fully recovering despite takeover interest in recent months and improved financials. Gunn recently stood down from the company.

Autoparts company PWR (ASX:PWH) saw a $10m sale of shares owned by Paul Weel, the son of Kees Weel who is managing director.

The company lodged both a 3Y notice under Kees’ name being a transaction by a related entity as well as a substantial shareholder.

In the former notice, the company stated noted Weel was no longer actively involved while Kees was fully committed and held over 20 per cent of the company.

At Stockhead, we tell it like it is. While Control Bionics is a Stockhead advertiser, it did not sponsor this article.