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Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve been keeping track so you don’t have to.
Trading Places is Stockhead’s recap of substantial holder movements among ASX small caps in the last fortnight.
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.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Janison Education Group | JAN | $66.0M | Perennial Value Management | 14.98% | Increasing |
| Alt Resources | ARS | $27.9M | Aurenne Group | 12.13% | Increasing |
| HotCopper | HOT | $18.9M | SG Hiscock | 6.62% | Becoming |
| Nanollose | NC6 | $2.7M | John Moursounidis | 5.61% | Increasing |
| Alumina | AWC | $4.4B | Allan Gray | 9.00% | Increasing |
| Metcash | MTS | $2.5B | Pendal Group | 10.26% | Increasing |
| Alderan Resources | AL8 | $12.9M | Petar Jurkovic | 5.95% | Becoming |
| Anova Metals | AWV | $23.7M | Au Xingao Investment | 19.90% | Increasing |
| Redbank Copper | RCP | $2.2M | Lantech Developments - Daryl Henthorn | 8.13% | Becoming |
| 9Spokes | 9SP | $20.7M | Alium Alpha Fund | 6.46% | Increasing |
| Pro-Pac Packaging | PPG | $117.6M | Investors Mutual | 12.00% | Increasing |
| LawFinance | LAW | $38.7M | EGP Capital | 10.00% | Increasing |
| Austar Gold | AUL | $8.3M | Peter Kampfner | 6.41% | Becoming |
| Kula Gold | KGD | $2.2M | Discovery Trust - David Izzard | 16.87% | Increasing |
| Kula Gold | KGD | $2.2M | John Hannaford | 14.82% | Increasing |
| CardieX | CDX | $18.1M | Paul Cozzi | 14.54% | Increasing |
| Swift Media | SW1 | $13.2M | Medical Media Investments | 6.20% | Becoming |
| Emeco Holdings | EHL | $412.7M | Perennial Value Management | 5.21% | Becoming |
| MCS Services | MSG | $3.8M | Capital H Management | 16.80% | Increasing |
| Village Roadshow | VRL | $406.0M | Mithril Investment Management | 5.02% | Becoming |
| Accelerate Resources | AX8 | $3.0M | GTT Global Opportunities | 14.80% | Increasing |
| ArchTIS | AR9 | $8.3M | Merchant Funds Management | 14.07% | Increasing |
| Zoono | ZNO | $307.4M | Regal Funds Management | 10.18% | Increasing |
| Volt Power Group | VPR | $18.0M | Adam Boyd | 17.61% | Increasing |
| Celamin Holdings | CNL | $12.3M | Polo Resources | 14.29% | Increasing |
| Jayride Group | JAY | $16.3M | Thorney Technologies | 6.56% | Increasing |
| Schrole Group | SCL | $17.5M | Capital H Management | 15.00% | Increasing |
| OneVue Holdings | OVH | $54.9M | Thorney Technologies | 14.96% | Increasing |
| Oilex | OEX | $7.3M | Republic Investment Management | 14.32% | Increasing |
| Redbank Copper | RCP | $4.6M | Wyllie Geoup | 14.22% | Increasing |
| LawFinance | LAW | $41.6M | Lucerne Asset Management | 19.79% | Increasing |
| Westgold Resources | WGX | $1.0B | L1 Capital | 5.11% | Becoming |
| Kangaroo Island Plantation Timbers | KPT | $45.1M | Samuel Terry Asset Management | 26.30% | Increasing |
| Musgrave Minerals | MGV | $64.8M | Westgold Resources | 14.25% | Increasing |
| Monash IVF | MVF | $203.7M | Argo Investments | 5.13% | Becoming |
| McPhersons | MCP | $288.4M | Challenger | 5.01% | Becoming |
| Citadel Group | CGL | $229.8M | Microequities Asset Management | 6.37% | Increasing |
| MSM Corporation | MSM | $23.5M | Timothy | 10.19% | Increasing |
| Tempo Australia | TPP | $14.7M | Anthony Barton | 11.20% | Becoming |
| Redhill Education | RDH | $17.0M | Perpetual | 12.58% | Increasing |
| Monash IVF | MVF | $203.7M | Allan Gray | 14.38% | Increasing |
| Pivotal Systems | PVS | $147.8M | Perennial Value Management | 9.56% | Becoming |
| Odin Metals | ODM | $10.4M | Jason Peterson | 6.40% | Becoming |
| Dropsuite | DSE | $33.7M | Topline Capital Partners | 10.57% | Increasing |
| Surefire Resources | SRN | $1.9M | Kyle Haynes | 6.37% | Increasing |
| Riversgold | RGL | $7.7M | Tolga Kumova | 7.36% | Increasing |
| Mithril Resources | MTH | $15.3M | Dudley Leitch | 5.45% | Becoming |
| Mithril Resources | MTH | $15.3M | Garry & Nancy-Lee Thomas | 10.64% | Becoming |
| Lifespot Health | LSH | $3.0M | Niv Dagan | 9.43% | Increasing |
| Liontown Resources | LTR | $213.9M | Timothy Goyder | 17.89% | Increasing |
| Gullewa | GUL | $10.6M | David Deitz | 20.31% | Increasing |
| Mandrake Resources | MAN | $7.2M | JM Financial | 5.26% | Becoming |
| Monash IVF | MVF | $222.9M | Challenger | 9.50% | Increasing |
| GTN | GTN | $114.1M | Spheria Asset Management | 9.07% | Increasing |
| Star Combo Pharma | S66 | $70.5M | Goldenstar Pharmaceutical Investment | 36.10% | Becoming |
| Spirit Telecom | ST1 | $87.4M | Regal Funds Management | 15.20% | Becoming |
| Black Cat Syndicate | BC8 | $58.0M | Les Davis | 5.21% | Becoming |
| Smiles Inclusive | SIL | $5.1M | Phi Long Investment | 14.51% | Increasing |
| Aura Energy | AEE | $10.2M | Lind Partners | 18.90% | Increasing |
| TerraCom | TER | $100.1M | Rainbow Max | 9.42% | Becoming |
| Macmahon Holdings | MAH | $581.9M | Paradice Investment Management | 5.00% | Becoming |
| Zenith Energy | ZEN | $146.4M | Apex Opportunities Fund | 17.60% | Becoming |
| Alpha HPA | A4N | $105.5M | Budworth Capital | 5.86% | Increasing |
| Pure Alumina | PUA | $3.8M | Tolga Kumova | 8.58% | Increasing |
| Infigen Energy | IFN | $773.7M | TCI Fund Management | 33.09% | Increasing |
| Wingara | WNR | $27.6M | Naos Asset Management | 28.87% | Increasing |
| Citadel Group | CGL | $238.5M | Perennial Value Management | 11.48% | Increasing |
| Atomo Diagnostics | AT1 | $173.9M | Perennial Value Management | 6.42% | Increasing |
| Marley Spoon | MMM | $169.8M | Perennial Value Management | 12.68% | Increasing |
| Zenith Energy | ZEN | $146.4M | Westoz Funds Management | 10.04% | Increasing |
| Alpha HPA | A4N | $105.5M | Permgold | 9.89% | Increasing |
Last year’s most successful group was telco Uniti Group (ASX:UWL), which expanded following several acquisitions. One target was fellow listed telco Spirit Telecom (ASX:ST1), which said no and went on a buying spree of its own.
Despite the challenging macroeconomic environment, Spirit reported a record trading result last month. It made $14.3m in revenue between January and April this year — double that booked in the same period last year.
One of Spirit’s institutional investors, Regal Funds Management took its stake to 15.2 per cent after buying another parcel of shares worth $3.2m.
Regal also bought more shares in hand sanitiser maker Zoono (ASX:ZNO) and now owns 10.18 per cent. Since late February it has made 1.65 million in net buys at varying market prices between $1.28 and $2.28 per share.
In our last Trading Places column we reported that well known mining investor Tolga Kumova had bought into gold junior Riversgold (ASX:RGL).
Since then he bought another package of shares, worth $124,266 taking his stake to 7.36 per cent. Kumova also topped up his holdings in Pure Alumina (ASX:PUA) to 8.58 per cent after dropping another $54k on the stock.
Timothy Goyder took his stake in lithium play Liontown Resources (ASX:LTR) to nearly 18 per cent with a buy of just under $300,000 worth of shares.
Alex Waislitz’s investment vehicle, Thorney Technologies, bought shares in tech plays Jayride Group (ASX:JAY) and OneVue Holdings (ASX:OVH). The latter of these stocks got a takeover offer on Monday and appears keen to accept the deal.
Samuel Terry Asset Management took its stake in Kangaroo Island Plantation (ASX:KPT) to 26.3 per cent. No small cap was hit by the summer’s bushfires worse than this one losing much of its land on the island that it is named after.
But hopes are high it can rebuild. As of yesterday it has received $30m in insurance payments.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Alcidion Group | ALC | $153.6M | Caledonia Trust | 6.64% | Decreasing |
| Emeco Holdings | EHL | $458.9M | Perennial Value Management | 4.68% | Ceasing |
| PWR Holdings | PWH | $404.4M | Perennial Value Management | 9% | Decreasing |
| Identitii | ID8 | $7.8M | Regal Funds Management | 6.19% | Decreasing |
| CarbonXT Group | CG1 | $24.6M | Capital H Management | 4.47% | Ceasing |
| MMA Offshore | MRM | $74.1M | First Samuel | 4.80% | Ceasing |
| MG Unit Trust | MGC | $94.4M | Nordlys Investments - Rodney Pryor | 18.34% | Decreasing |
| Veris | VRS | $13.0M | Perennial Value Management | 7.88% | Decreasing |
| Integral Diagnostics | IDX | $648.3M | Perennial Value Management | 7.24% | Decreasing |
| New Age Exploration | NAE | $4.4M | Resource Capital Fund | 0.09% | Ceasing |
| Mithril Resources | MTH | $12.6M | Kenneth Baker | 0.56% | Ceasing |
| MNF Group | MNF | $434.2M | Naos Asset Management | 9.84% | Decreasing |
| Lithium Consolidated | LI3 | $3.1M | Australian Consolidated Venture Capital | 13.60% | Decreasing |
| The Reject Shop | TRS | $179.8M | Regal Funds Management | 5.02% | Decreasing |
| Fraser Range Metals | FRN | $13.1M | Croesus Mining - Steinepreis family | 6.44% | Decreasing |
| Antisense Therapeutics | ANP | $35.2M | Australian Ethical Investments | 6.65% | Decreasing |
| Chant West Holdings | CWL | $9.8M | Harvest Lane Asset Management | 4.82% | Ceasing |
| MG Unit Trust | MGU | $9.1M | Nordlys Investments - Rodney Pryor | 14.27% | Decreasing |
| Adairs | ADH | $284.1M | Perennial Value Management | 0.06% | Ceasing |
| Alto Metals | AME | $18.2M | Contento Investments | 0% | Ceasing |
| Tempo Austraia | TPP | $18.8M | Spheria Asset Management | 8.52% | Decreasing |
| Hills | HIL | $41.8M | Wilson Asset Management | 0.00% | Ceasing |
| Shaver Shop | SSG | $72.7M | Microequities Asset Management | 5.48% | Decreasing |
| Wagners Holdings | WGN | $219.0M | LHC Capital Partners | 5.95% | Decreasing |
| Variscan Mines | VAR | $3.1M | Slipstream Resources Investments | 15.97% | Decreasing |
| Gladiator Resources | GLA | $2.8M | Parry Capital Management | 0.00% | Ceasing |
| Southern Cross Media | SXL | $613.0M | Challenger | 5.83% | Decreasing |
| Flexigroup | FXL | $449.6M | Renaissance Smaller Companies | 6.91% | Decreasing |
| Medadvisor | MDR | $156.7M | Regal Funds Management | 7.23% | Decreasing |
| Whispir | WSP | $259.4M | AustralianSuper | 4.69% | Ceasing |
| Pivotal Systems | PVS | $94.5M | LHC Capital Partners | 9.68% | Decreasing |
| Identitii | ID8 | $9.8M | Regal Funds Management | 5.14% | Decreasing |
| The Reject Shop | TRS | $236.3M | Regal Funds Management | 3.70% | Ceasing |
| Perpetual Resources | PEC | $15.0M | Regal Funds Management | 10.54% | Decreasing |
| Visioneering Technologies | VTI | $6.0M | Regal Funds Management | 11.37% | Decreasing |
| Droneshield | DRO | $36.6M | Regal Funds Management | 8.82% | Decreasing |
| Invex Therapeutics | IVX | $44.0M | Anthony J Girst | 5.25% | Decreasing |
| Veris | VRS | $13.8M | Perennial Value Management | 6.22% | Decreasing |
| Redbubble | RBL | $317.4M | Perennial Value Management | 8.60% | Decreasing |
| Nick Scali | NCK | $469.0M | Ethical PArtners Funds | 5.37% | Decreasing |
| Opthea | OPT | $915.1M | Regal Funds Management | 10.67% | Decreasing |
| Medical Developments International | MVP | $521.1M | Regal Funds Management | 6.05% | Decreasing |
| Nickel Mines | NCK | $469.0M | Norman Seckold | 6.11% | Decreasing |
| Xanadu Mines | XAM | $37.1M | Noble Resources | 6.91% | Decreasing |
| Constellation Resources | CR1 | $10.2M | Steinepreis Family | 4.09% | Decreasing |
Sales by Regal Funds Management included discount retailer The Reject Shop (ASX:TRS) and optometry play Visioneering Technologies (ASX:VTI).
Perennial Value Management’s most notable sales included almost all of its holdings in homewares seller Adairs (ASX:ADH).
It also sold shares in Redbubble (ASX:RBL) while remaining above the 5 per cent threshold.
One particularly notable sale was in micro-cap explorer Gladiator Resources (ASX:GLA). Parry Capital Management, sold its entire 8 per cent stake on market last Thursday, giving other investors the opportunity to buy in and the stock doubled.
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