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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 |
|---|---|---|---|---|---|
| Terragen Holdings | TER | $78.0M | Scobie Dickinson Ward | 7.71% | Increasing |
| Ridley Corporation | RID | $224.1M | Massachusetts Financial Services | 7.05% | Increasing |
| Immutep | IMU | $128.4M | Australian Ethical Investment | 6.56% | Becoming |
| Stemcell | SCU | $6.4M | Jimmy Thomas | 6.55% | Increasing |
| High Peak Royalties | HPR | $13.0M | Noontide Investments | 28.20% | Increasing |
| Assetowl | AO1 | $3.0M | NcKH | 5.69% | Increasing |
| Nusantara Resources | NUS | $53.7M | PT Indika Energy | 23.20% | Increasing |
| Assetowl | AO1 | $3.0M | Simon Tesvisan | 12.80% | Increasing |
| United Malt Group | UMG | $1.0B | Ethical Partners Funds Management | 6.74% | Increasing |
| Monash IVF | MVF | $198.3M | Vinva Investment Management | 5.53% | Becoming |
| Knosys | KNO | $10.1M | Bombora Investment Management | 9.00% | Increasing |
| MetalsX | MLX | $77.1M | Old Peak Group | 6.03% | Becoming |
| ArchTIS | AR9 | $9.2M | Merchant Funds Management | 16.24% | Increasing |
| Nickel Mines | NIC | $982.6M | PT Karunia Bara Perkasa | 11.30% | Increasing |
| Family Zone Cyber Safety | FZO | $41.3M | Regal Funds Management | 5.45% | Becoming |
| Monash IVF | MVF | $194.7M | Challenger | 5.74% | Becoming |
| Propel Funeral Partners | PFP | $303.1M | Viburmum Funds | 7.74% | Increasing |
| Monash IVF | MVF | $194.7M | Allan Gray | 12.84% | Increasing |
| Alligator Energy | AGE | $5.7M | Tolga Kumova | 5.25% | Becoming |
| Austchina Holdings | AUH | $3.1M | Treasure Wheel Global | 55.50% | Increasing |
| G8 Education | GEM | $769.8M | Sumitomo Mitsui | 9.57% | Increasing |
| Citadel Group | CGL | $245.6M | Pie Funds Management | 5.25% | Increasing |
| Thorn Group | TGA | $45.1M | Somers | 30.57% | Increasing |
| Talon Petroleum | TPD | $1.8M | Trojan Retirement Fund | 8.80% | Becoming |
| Eureka Group | EGH | $72.5M | Naos Asset Management | 19.88% | Increasing |
| Mithril Resources | MTH | $5.9M | Kenneth Baker | 6.32% | Becoming |
| Central Petroleum | CTP | $53.5M | Troy Harry | 6.46% | Increasing |
| MCS Services | MSG | $3.0M | Capital H Management | 14.10% | Increasing |
| Marley Spoon | MMM | $202.3M | Perennial Value Management | 7.88% | Increasing |
| Anova Metals | AWV | $12.5M | Au Xingao Investment | 16.46% | Becoming |
| Oncosil Medical | OSL | $74.5M | Regal Funds Management | 5.28% | Becoming |
| Dacian Gold | DCN | $216.9M | Franklin Resources | 7.66% | Increasing |
| Babylon Pump and Power | BPP | $14.2M | Geoff Lord (Superannuation fund) | 19.30% | Increasing |
| Alto Metals | AME | $18.8M | Goldsea Australia | 11.37% | Increasing |
| Family Insights Group | FAM | $3.2M | Merchant Funds Management | 10.86% | Increasing |
| Cobre | CBE | $17.5M | Bernard Aylward | 5.25% | Becoming |
| Cobre | CBE | $17.5M | Resource Assets | 7.87% | Becoming |
| Marley Spoon | MMM | $204.0M | Perennial Value Management | 9.36% | Increasing |
| Kula Gold | KGD | $2.1M | Riverview Corporation - John Hannaford | 8.00% | Becoming |
| Kula Gold | KGD | $2.1M | Bowman Gate | 10.21% | Becoming |
| Gullewa | GUL | $10.9M | Anthony Howland-Rose | 14.00% | Increasing |
| Monash IVF | MVF | $205.5M | Challenger | 7.73% | Increasing |
| Homestay Care | HSC | $8.4M | Kyle Haynes and Nicole Gallin | 5.17% | Becoming |
| Powerwrap | PWL | $35.0M | Praemium | 14.36% | Increasing |
| Dropsuite | DSE | $30.4M | Topline Capital Partners | 7.45% | Increasing |
| MetalsX | MLX | $86.2M | Argyle Street Management | 14.20% | Becoming |
| Identitii | ID8 | $7.4M | Paradice Investment Management | 5.17% | Becoming |
| Frontier Resources | FNT | $4.9M | Horley Pty Ltd - Robert Franio | 11.20% | Increasing |
| Citadel Group | CGL | $218.8M | Perennial Value Management | 7.84% | Increasing |
| Micro-X | MX1 | $50.0M | Perennial Value Management | 5.23% | Becoming |
| Aurelia Metals | AMI | $262.2M | Vinva Investment Management | 5.95% | Becoming |
| Pure Minerals | PM1 | $8.8M | Kwong Ho Richard Chan | 5.09% | Becoming |
| Micro-X | MX1 | $50.0M | Thorney Technologies | 7.36% | Increasing |
| Frontier Resources | FNT | $5.4M | Gab Superannuation Fund | 5.80% | Becoming |
| Shaver Shop | SSG | $77.1M | Perpetual | 13.37% | Increasing |
| AVZ Minerals | AVZ | $166.8M | Yibin Tianyi Lithium Industry | 8.90% | Becoming |
| Love Group | LVE | $1.7M | Michael Ye | 20.86% | Increasing |
| Riversgold | RGL | $7.7M | Tolga Kumova | 5.29% | Becoming |
| Electro Optic | EOS | $746.3M | Ian Dennis - EOS Loan Plan | 5.13% | Becoming |
| Alt Resources | ARS | $29.2M | Aurenne Ularring | 11.06% | Increasing |
| GTN | GTN | $90.4M | Perennial Value Management | 14.98% | Increasing |
| Citadel Group | CGL | $229.8M | Perennial Value Management | 10.46% | Increasing |
| Emeco Holdings | EHL | $396.2M | Perennial Value Management | 5.17% | Becoming |
| QuickFee | QFE | $49.0M | Derida | 12.66% | Increasing |
| Key Petroleum | KEY | $7.9M | Great Scheme Investment | 9.05% | Becoming |
| Experience Co | EXP | $66.7M | Naos Asset Management | 17.13% | Increasing |
| QuickFee | QFE | $49.0M | Bruce Coombes | 12.72% | Increasing |
| Identitii | ID8 | $7.4M | KTM Ventures Innovation Fund | 7.51% | Becoming |
Yesterday gold junior Riversgold (ASX:RGL) announced a capital raising and its share price doubled. Participating in the capital raising was well-known mining investor Tolga Kumova, who now has a 5.29 per cent stake.
Kumova’s past investments include graphite play Syrah Resources (ASX:SYR), which he got into in 2010. He served as the company’s managing director between 2014 and 2016, taking it from a penny stock to an ASX200 listee.
But since his departure from Syrah, shares have fallen a long way from the heady peak of over $6 a share in mid-2016. They were last trading at 31c.
Riversgold is a similar size to what Syrah was back in 2010. It has projects in Western Australia, South Australia and Alaska and raised $1.5m in the deal that saw Kumova become a substantial holder.
Meanwhile, Hong Kong-founded hedge fund Argyle Street Management bought a 14.2 per cent stake in MetalsX (ASX:MLX). This company says it’s Australia’s largest tin producer but also owns copper, nickel and cobalt assets.
Naos Asset Management has topped up its stake in adventure tourism company Experience Co (ASX:EXP) to 17.13 per cent. It also bought more of property developer Eureka Group (ASX:EGH).
Perennial Value Management’s buys included shares in Marley Spoon (ASX:MMM) and x-ray maker Micro-X (ASX:MX1). The latter was also backed by Alex Waislitz’s Thorney Technologies.
Child internet safety stocks have also been popular in the past fortnight. Regal Funds Management now owns 5.45 per cent of Family Zone Cyber Safety (ASX:FZO), while Merchant Funds Management now owns 10.86 per cent of Family Insights Group (ASX:FAM).
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| XRF Scientific | XRF | $25.1M | Private Portfolio Managers | 10.15% | Decreasing |
| Family Insights Group | FAM | $2.0M | Merchant Funds Management | 8.03% | Decreasing |
| Antisense Therapeutics | ANP | $23.5M | Australian Ethical Investment | 10% | Decreasing |
| Thorn Group | TGA | $46.7M | Investors Mutual | 7.50% | Decreasing |
| Superloop | SLC | $320.1M | Renaissance Smaller Companies | 4.72% | Ceasing |
| Atomo Diagnostics | AT1 | $241.3M | Walker Group | 8.32% | Decreasing |
| SelfWealth | SWF | $46.9M | JM Financial Group | 0.00% | Ceasing |
| Emeco Holdings | EHL | $368.6M | Perennial Value Management | 5.17% | Decreasing |
| Integral Diagnostics | IDX | $671.7M | Yarra Funds Management | 4.99% | Ceasing |
| Avita Medical | AVH | $981.4M | Karst Peak Capital | 3.44% | Ceasing |
| ImpediMed | IPD | $40.1M | Allan Gray | 11.23% | Decreasing |
| MetalsX | MLX | $78.0M | L1 Capital | 11.53% | Decreasing |
| PointsBet | PBH | $696.9M | Regal Funds Management | 4.99% | Ceasing |
| The Reject Shop | TRS | $149.7M | Grahger Securities | 14.49% | Decreasing |
| Paradigm Biopharmaceuticals | PAR | $586.6M | Paul Rennie | 8.68% | Decreasing |
| Aura Energy | AEE | $98.4M | Lind Partners | 7.06% | Decreasing |
| Hansen Technologies | HSN | $640.2M | Fidelity | 6.66% | Decreasing |
| Prescient Therapeutics | PTX | $17.4M | Australian Ethical Investment | 8.20% | Decreasing |
| Marley Spoon | MMM | $204.0M | Pie Funds Management | 5.65% | Decreasing |
| Frontier Resources | FNT | $4.9M | Chris Chong | 8.41% | Decreasing |
| Myer | MYR | $221.8M | Investors Mutual | 5.50% | Decreasing |
| ARQ Group | ARQ | $10.5M | Investors Mutual | 5.81% | Decreasing |
| Bigtincan | BTH | $233.4M | Regal Funds Management | 13.70% | Decreasing |
| Kogan | KGN | $838.0M | Challenger | 6.43% | Decreasing |
| Mastermyne | MYE | $67.5M | Paradice Investment Management | 4.99% | Ceasing |
| IDentitii | ID8 | $7.4M | Regal Funds Management | 10.01% | Decreasing |
| Citadel Group | CGL | $229.8M | Pie Funds Management | 3.60% | Ceasing |
| Energy Action | EAX | $3.1M | Microequities Asset Management | 6.78% | Decreasing |
| EML Payments | EML | $1.3B | Challenger | 6% | Decreasing |
| Stanmore Coal | SMR | $250.1M | M Resources & Matthew Latimore | 14.37% | Decreasing |
| Leipdico | LPD | $36.3M | Galaxy Resources | 6.37% | Decreasing |
| Chalice Gold Mines | CHN | $322.9M | Timothy Goyder | 13.09% | Decreasing |
| RPMGlobal Holdings | RPM | $12.2M | Perennial Value Management | 8.18% | Decreasing |
| Alliance Aviation | AQZ | $341.6M | Perennial Value Management | 11% | Decreasing |
| Droneshield | DRO | $27.8M | Regal Funds Management | 10.51% | Decreasing |
| Oncosil Medical | OSL | $86.9M | Regal Funds Management | 4.83% | Ceasing |
| Identitii | ID8 | $7.1M | Martin Rogers | 5.28% | Decreasing |
Avita Medical (ASX:AVH) is one of the best success stories on the ASX, growing from a microcap with an uncertain future to an ASX200 stock.
The burns treatment specialist is looking to delve into more medical markets and will formally redomicile itself to the US. One of its institutional investors, Karst Peak Capital, reduced its holdings to below 4 per cent having held nearly 20 per cent in late 2018.
Investors Mutual reduced its holdings in retailer Myer (ASX:MYR) and IT stock ARQ Group (ASX:ARQ), two companies that have been under financial pressure over the last several months.
Chalice Gold Mines (ASX:CHN) saw hot demand for its recent capital raising, setting the bar at $30m but getting over $75m in bids.
Director Timothy Goyder sold over $10m in shares to allow some of the institutions that missed out to come in, but he still owns over 13 per cent of the firm.
Mining
Mining
Mining
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