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).