Trading Places: The stocks fund managers were buying in the last week
Pic: d3sign / Moment via Getty Images
It may seem retail investors are buying nothing but stocks getting into hand sanitisers. But the fund managers are heading in a different direction for a bargain.
In Trading Places, Stockhead recaps substantial holder movements among ASX small caps in the last week.
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.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Adairs | ADH | $270.5M | Perennial Value Management | 5.04% | Becoming |
| PWR Holdings | PWH | $402.4M | Perennial Value Management | 10.90% | Increasing |
| EnviroSuite | EVS | $127.3M | Perennial Value Management | 9.76% | Increasing |
| Apollo Consolidated | AOP | $53.8M | Yi Weng and Ning Li | 14.99% | Increasing |
| MMA Offshore | MRM | $87.0M | Black Crane Asia Pacific Opportunities | 12.18% | Increasing |
| Mincor Resources | MCR | $193.7M | Squadron Resources | 13.78% | Increasing |
| Aura Energy | AEE | $8.2M | Asean Deep Value Fund | 18.53% | Increasing |
| Spectrum Metals | SPX | $180.1M | Ramelius Resources | 34.54% | Increasing |
| AMA Group | AMA | $314.6M | CDAM (UK) | 7.95% | Increasing |
| Nitro Software | NTO | $180.4M | Australian Ethical Investment | 6.84% | Increasing |
| G8 Education | GEM | $513.1M | Allan Gray | 6.84% | Increasing |
| Motorcycle Holdings | MTO | $77.1M | Auscap Asset Management | 6.86% | Increasing |
| Olivers Real Foods | OLI | $24.4M | Butof Holdings | 9.64% | Increasing |
| Nuchev | NUC | $72.1M | Mithaq Capital | 18.47% | Increasing |
| Nick Scali | NCK | $462.5M | Challenger | 5.05% | Becoming |
| Volpara Health Technologies | VHT | $251.3M | Harbour Asset Management | 7.96% | Increasing |
| MNF Group | MNF | $269.6M | Naos Asset Management | 13.24% | Increasing |
| Total Brain | TTB | $37.9M | Zoltan Varga | 19.99% | Increasing |
| Panoramic Resources | PAN | $145.0M | Squadron Resources | 5.89% | Becoming |
| Aerometrex | AMX | $123.7M | Perennial Value Management | 6.28% | Increasing |
| Aurelia Metals | AMI | $231.6M | Perennial Value Management | 7.51% | Increasing |
| Emeco Holdings | EHL | $368.6M | Perennial Value Management | 6.56% | Increasing |
| Cooper Energy | COE | $732.0M | Challenger | 7.06% | Increasing |
| MMA Offshore | MMA | $80.5M | Thorney Opportunities | 8.49% | Increasing |
| Enero Group | EGG | $111.5M | Regal Funds Management | 11.49% | Increasing |
| Huon Aquaculture | HUO | $347.6M | Regal Funds Management | 8.47% | Increasing |
| Medical Developments International | MVP | $381.8M | Regal Funds Management | 7.12% | Increasing |
| Atrum Coal | ATU | $71.7M | Regal Funds Management | 14.65% | Increasing |
| Middle Island Resources | MDI | $14.1M | Lomacott (Keogh Super Fund) | 8.22% | Increasing |
| MMA Offshore | MMA | $80.5M | Halom Investments | 15.39% | Increasing |
| Tyro Payments | TYR | $1.1B | Fidelity | 6.30% | Increasing |
| Peet | PPC | $454.3M | L1 Capital | 11.86% | Increasing |
| MG Unit Trust | MGC | $92.2M | Ayersland | 11.56% | Increasing |
| Rhinomed | RNO | $16.9M | Whitney George | 29.13% | Increasing |
| Rhipe | RHP | $216.5M | Regal Funds Management | 5.96% | Becoming |
| Senex | SXY | $262.2M | Regal Funds Management | 8.30% | Increasing |
| Veris | VRS | $10.1M | Sherkane | 16.45% | Increasing |
| Viva Energy | VVR | $1.7B | Resolution Capital | 6.40% | Increasing |
| Pact Group | PGH | $490.2M | Kin Group | 44.26% | Increasing |
| Mount Burgess Mining | MTB | $1.1M | Russell McCrory | 11.45% | Increasing |
| Mach7 Technologies | M7T | $97.8M | Clime Investment Management | 6.38% | Increasing |
| Havilah Resources | HAV | $18.9M | Republic Investment Management | 7.07% | Becoming |
| Azure Minerals | AZS | $8.1M | Delphi | 16.45% | Increasing |
| Posedion Nickel | POS | $59.5M | Edison Metals | 20.70% | Increasing |
| Pantoro | PNR | $95.3M | Robmar Investments | 16.87% | Increasing |
| RXP Services | RXP | $38.7M | Ross Fielding | 5.42% | Increasing |
| Great Southern Mining | GSN | $13.3M | Terpu Group | 37.63% | Increasing |
| Estia Health | EHE | $287.2M | Vinva Asset Management | 5.01% | Becoming |
| CML Group | CGR | $104.4M | Harvest Lane Asset Management | 5.09% | Becoming |
| Cryosite | CTE | $3.4M | Andrew Kroger | 40.05% | Increasing |
| Rafaella Resources | RFR | $4.4M | Adam Blumenthal | 17.27% | Increasing |
| SciDev | SDV | $51.4M | Perennial Value Management | 14.08% | Increasing |
| Acrow Formwork & Construction | ACF | $43.3M | Perennial Value Management | 12.79% | Increasing |
| Life360 | 360 | $293.2M | Challenger | 5.00% | Becoming |
| De Grey Mining | DEG | $204.7M | DGO Gold | 12.54% | Increasing |
| Australian Agricultural Projects | AAP | $2.4M | Daniel Stefanetti | 12.35% | Increasing |
Perennial Value Management bought shares in several companies in the past week. Furniture and homeware retailer Adairs (ASX:ADH) was the only stock in which it crossed the 5 per cent threshold for the first time.
Among other stocks that witnessed significant top ups was aerial mapping firm Aerometrex (ASX:AMX) and gold explorer Aurelia Metals (ASX:AMI).
Another big buyer was Regal Funds Management. It now has a 5.96 per cent stake in cloud software stock Rhipe (ASX:RHP) and an 8.3 per cent stake in Queensland-focused oil and gas stock Senex Energy (ASX:SXY).
Challenger’s buys included one of Silicon Valley’s ASX exports, Life360 (ASX:360) — which developed a child tracking app, and furniture retailer Nick Scali (ASX:NCK).
Saudi Arabian investor Mithaq Capital topped up its holdings in goat infant formula stock Nuchev (ASX:NUC), and now owns over 18 per cent
Australian Ethical Investment increased its holdings in Nitro Software (ASX:NTO) to 6.84 per cent and Alex Waislitz’s Thorney Opportunities took its holdings in marine services provider MMA Offshore (ASX:MRM) to 8.49 per cent.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Fraser Range Metals | FRN | $6.7M | Croseus Mining - Steinepreis Family | 9.71% | Decreasing |
| MMA Offshore | MRM | $80.5M | First Samuel | 6.73% | Decreasing |
| Eureka Group | EGH | $73.6M | Salt Funds Management | 5.13% | Decreasing |
| Mint Payments | MNW | $7.3M | Perennial Value Management | 11.97% | Decreasing |
| Aurora Labs | A3D | $12.3M | Equities First Holdings | 5.78% | Decreasing |
| Nextdc | NXT | $2.5B | Challenger | 5.28% | Decreasing |
| Veris | VRS | $10.1M | Paradice Investment Manageement | 0.00% | Ceasing |
| Zenith Energy | ZEN | $133.0M | Pendal | 5.62% | Decreasing |
| Thorn Group | TGA | $14.5M | Investors Mutual | 8.64% | Decreasing |
| MMA Offshore | MRM | $77.8M | Eley Griffiths | 4.86% | Ceasing |
| Broo | BEE | $7.7M | Groges Holdings | 43.37% | Decreasing |
| Althea | AGH | $46.7M | Pendal Group | 4.58% | Ceasing |
| G8 Education | GEM | $368.1M | Legg Mason Asset Management | 6.73% | Decreasing |
One of the few shining lights in the current market has been the odd takeover offer. One target was Zenith Energy (ASX:ZEN). Pendal has begun selling some of its holdings, cutting its stake to 5.62 per cent.
Meanwhile, Paradice Investment Management sold out of land surveyor Veris (ASX:VRS).
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