Trading Places: The stocks small cap fund managers were buying and selling this week
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Here is Stockhead’s weekly recap of substantial holder transactions among ASX small caps from IVF providers to car subscription services.
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.
Opthea (ASX:OPT) is still running hot among investors.
Regal Funds Management bought another $8.6m and now owns 12.83 per cent. Regal also increased its stake in Spirit Telecom (ASX:ST1) to 6.22 per cent, paying a more modest $800,000.
A health stock that has not been going so well is Monash IVF (ASX:MVF). Last week a group of doctors which referred their patients to Monash will no longer do so – they’re setting up they’re own practice.
But Celeste Funds Management and Salt Funds Management both became substantial holders this week.
The former is based in Sydney and recently won the right to manage Zurich’s small cap fund. The previous manager, Sigma Funds Management, has gone out of business.
Ethical Partners Funds Management spent $9.1m to increase its stake in household furnishings distributor GWA Group (ASX:GWA) to 6.25 per cent.
Paradice Investment Management topped up its stake in Capricorn Metals (ASX:CMM), taking it to 7.96 per cent and became substantial holders in BWX (ASX:BWX) with a 5.63 per cent stake.
Pinnacle Investment Management took its stake in GBST (ASX:GBT) to 6.18 per cent.
Geoffrey Pearce put more money into Wellness and Beauty Solutions (ASX:WNB) taking his stake to 7.45 per cent. Alex Waislitz’ Thorney Opportunities now owns 33 per cent of Murray River Organics (ASX:MRG).
New Zealand used car seller Turners bought another $250,000 in car subscription service Collaborate (ASX:CL8) and it now owns 12.66 per cent.
Merchant Funds Management sold $4.8m of its stake in Digital Wine Ventures (ASX:DW8), reducing to 3.83 per cent.
Fidelity decreased its stake in Berkeley Energia (ASX:BKI) to 7.23 per cent. Perpetual reduced its stake in almond maker Select Harvests (ASX:SHV) after its most recent financial results.
And IOOF ceased to be holders of Codan (ASX:CDA), Pacific Energy (ASX:PEA) and Imdex (ASX:IMD).