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 | Ceasing | |
| Bard1 | BD1 | $235.7M | Jeffrey Emmanuel | 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 | Ceasing | |
| AFL Legal Group | AFL | $32.0M | Westferry Fund | 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 | 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.