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.

Buyers

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.

Company Code Market Cap Holder Stake Status
GWA Group GWA $836.1M Ethical Partners Funds Management 6.25% Increasing
Aurelia Metals AMI $442.6M AustralianSuper 7.49% Increasing
Alita Resources A40 Suspended Haitong International Financial Products 5.81% Becoming
Sky Network Television SKT $455.3M Kiltearn Partners 12.43% Increasing
ScandiVanadium SVD $3.9M Croesus Mining 5.16% Becoming
Capricorn Metals CMM $263.4M Hawke's Point Holdings 18.11% Increasing
Predictive Discovery PDI $4.1M Capital DI 13.96% Becoming
Indoor Skydive Australia IDZ $3.7M Parry Capital Management 7.77% Becoming
CardieX CDZ $18.1M Paul Cozzi 9.68% Increasing
Enhanced Oil & Gas Recovery EOR Suspended iFREE Group Ventures 19.24% Becoming
Monash IVF MVF $234.6M Celeste Funds Management 5.66% Becoming
Pursuit Minerals PUR $2.1M Alvin Blumenthal 6.48% Increasing
Alpha HPA A4N $81.3M Regal Funds Management 13.99% Becoming
Enero Group EGG $158.4M Wilson Asset Management 7.45% Increasing
Orecorp ORR $70.7M Mutual Investments 6.42% Becoming
Kingston Resources KSN $30.0M Winchester Investments 11.61% Increasing
Alicanto Minerals AQI $10.2M Symorgh Investments 7.93% Increasing
De Grey Mining DEG $53.4M Northwest Nonferrous Australia Mining 6.31% Becoming
GBST Holdings GBT $260.1M Pinnacle Investment Management 6.18% Increasing
Advanced Braking Technology ABV $6.6M Keith Knowles 14.10% Increasing
Black Rock Mining BKT $40.4M Copulos Group 21.15% Increasing
Capricorn Metals CMM $263.4M Paradice Investment Management 7.96% Increasing
Arrow Minerals AMD $5.9M Capital DI 9.48% Becoming
Graphex Mining GPX $19.6M Capital DI 6.06% Becoming
Arrow Minerals AMD $5.9M GenGold Resource Capital 7.28% Becoming
Arrow Minerals AMD $5.9M Thomas McKeith 8.19% Becoming
Hub HUB $692.2M Fidelity 5.06% Becoming
Monash IVF MVF $234.6M Salt Funds Management 5.05% Becoming
Clean Seas Seafood CSS $67.6M Bonafide Investment Fund 16.22% Increasing
Cazaly Resources CAZ $16.1M Gold Vally Iron Ore 6.32% Becoming
Todd River Resources TRT $5.5M Delphi 5.17% Becoming
Dotz Nano DTZ $10.5M Silversea Asset Management 12.51% Increasing
ERM Power EPW $610.7M Perpetual 7.87% Increasing
Wellness and Beauty Solutions WNB $4.6M Geoffrey Pearce 7.45% Increasing
Integral Diagnostics IDX $494.8M Yarra Funds Management 5.02% Becoming
Wiseway Group WWG $36.0M AZ Global 19.90% Becoming
BWX BWX $355.4M Paradice Investment Management 5.63% Becoming
Spirit Telecom ST1 $69.6M Regal Funds Management 6.22% Increasing
Opthea OPT $674.4M Regal Funds Management 12.83% Increasing
Murray River Organics MRG $35.1M Thorney Opportunities 33.05% Increasing
WellCom Group WLL $267.2M Milford Asset Management 5.32% Becoming
Encounter Resources ENR $34.9M William Robinson 8.96% Increasing
Yandal Resources YRL $15.7M Au Xingao Investment 14.19% Increasing
Collaborate CL8 $6.6M Turners Automotive Group 12.66% Increasing

Sellers

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).

Company Code Market Cap Holder Current Stake Status
Enero Group EGG $153.7M Forager Funds Management 11.21% Decreasing
Hansen Technologies HSN $790.7M Fidelity 9.00% Decreasing
Predictive Discovery PDI $4.4M Capital Drilling 0% Ceasing
Berkeley Energia BKY $62.0M Fidelity 7.23% Decreasing
Reverse Corp REF $1.1M Phoenix Portfolios 7.88% Decreasing
Virtus Health VRT $320.8M Challenger 6.92% Decreasing
Codan CDA $781.4M IOOF 4.97% Ceasing
Pacific Energy PEA $415.0M IOOF 3.47% Ceasing
Imdex IMD $475.4M IOOF 4.35% Ceasing
Digital Wine Ventures DW8 $5.4M Merchant Funds Management 3.83% Ceasing
Estia Health EHE $690.6M Perpetual 11.02% Decreasing
Select Harvests SHV $738.1M Perpetual 8.99% Decreasing
iSelect ISU $118.3M Microequities Asset Management 4.71% Ceasing