Trading Places: The stocks the money managers are buying (and selling)
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Here it is – your weekly look at the stocks fund managers are buying (and selling).
Trading Places is Stockhead’s recap of 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
Alex Waislitz’s Thorney Opportunities took another leap of faith in family-focused social media platform Tinybeans (ASX:TNY) and small business lender Quickfee (ASX:QFE).
While both stocks are trying to soldier on and are claiming they’re not impacted by the coronavirus, they haven’t been able to escape the broader market sell off and are well off the highs seen last year.
Many entertainment and hospitality venues have been forced to close under government guidelines and were particularly hit in the last week above and beyond the broader market trend.
Olivers’ Real Foods (ASX:OLI) has been holding firm thanks to a takeover offer it got from a British service station owner that only days earlier had tried to woo Caltex. Sydney-based Harvest Lane Asset Management bought a 6 per cent stake.
Naos Asset Management, an existing backer of adventure tourism stock Experience Co (ASX:EXP), bought more shares and now owns nearly 15 per cent.
One stock that’s actually gone well (and isn’t selling hand sanitisers) is food deliverer Marley Spoon (ASX:MMM). While it is off highs seen a few days ago it is still nearly double what it was a month ago. Industry Super Holdings now has a 5.5 per cent stake.
Regal Funds Management’s buys included ex-battery metals turned uranium play Lotus Resources (ASX:LOT), ophthalmology biotech Opthea (ASX:OPT) and child tracking app creator Life360 (ASX:360).
Ramelius Resources (ASX:RMS) continued snapping up Spectrum Metals (ASX:SPX), one of last year’s most successful gold explorers, and has just over 60 per cent.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Tinybeans | TNY | $30.2M | Thorney Opportunities | 7.78% | Increasing |
| Accelerate Resources | AX8 | $1.4M | GTT Global Opportunities | 13.43% | Increasing |
| Opthea | OPT | $336.5M | Regal Funds Management | 12.76% | Increasing |
| Lotus Resources | LOT | $15.6M | Regal Funds Management | 5.46% | Becoming |
| Life360 | 360 | $248.9M | Regal Funds Management | 6.15% | Increasing |
| G8 Education | GEM | $306.0M | Allan Gray | 9.83% | Increasing |
| Posedion Nickel | POS | $61.8M | Lumyna Investments | 5.20% | Becoming |
| Greenvale Energy | GRV | $1.8M | Gotha St Capital | 7.14% | Becoming |
| Acrow Formwork & Construction Services | ACF | $37.1M | Evergreen Partners | 5.18% | Becoming |
| Monash IVF | MVF | $142.3M | Jangho Health care | 5.01% | Becoming |
| Ooh!Media | OML | $203.6M | Allan Gray | 5.26% | Becoming |
| Wisr | WZR | $72.4M | Alceon Liquid Strategies | 11.51% | Increasing |
| Capitol Health | CAJ | $147.3M | ICE Investors | 5.35% | Becoming |
| Geopacific Resources | GPR | $47.2M | Tembo Capital | 18.40% | Increasing |
| Phylogica | PYC | $143.6M | Anthony Barton | 5.30% | Becoming |
| Viva Leisure | VVA | $54.3M | Bennelong Australian Equity Partners | 13.85% | Increasing |
| Adairs | ADH | $113.3M | Perennial Value Management | 6.20% | Increasing |
| Lithium Power International | LPI | $39.5M | Regal Funds Management | 12.47% | Becoming |
| QuickFee | QFE | $22.9M | Thorney Opportunities | 8.87% | Increasing |
| Southern Cross Media | SXL | $188.4M | Allan Gray | 15.79% | Increasing |
| Nick Scali | NCK | $328.1M | Perpetual | 12.35% | Increasing |
| iSelect | ISU | $39.3M | Innovation Holdings | 28.66% | Increasing |
| Ooh!Media | OML | $203.6M | HMI Capital | 18.60% | Increasing |
| Hansen Technologies | HSN | $568.2M | Long Path Partners | 6.08% | Increasing |
| Westgold Resources | WG | $629.8M | Fidelity | 5.33% | Becoming |
| Southern Cross Media | SXL | $188.4M | Ubique Asset Management | 14.40% | Increasing |
| Viva Energy | VVR | $1.6B | Legg Mason Asset Management | 5.13% | Becoming |
| Golden State Mining | GSM | $2.6M | Perth Select Seafoods | 6.55% | Becoming |
| Marley Spoon | MMM | $100.7M | Industry Super Holdings | 5.50% | Becoming |
| MMA Offshore | MRM | $55.5M | Black Crane Asia Pacific | 19.70% | Increasing |
| McPhersons | MCP | $154.4M | Pie Funds Management | 7.45% | Increasing |
| Olivers Real Foods | OLI | $18.4M | Harvest Lane Asset Management | 6.09% | Becoming |
| OM Holdings | OMH | $184.7M | Huang Gang | 14.03% | Increasing |
| EML Payments | EML | $434.4M | Perpetual | 7.54% | Increasing |
| Spectrum Metals | SPX | $144.1M | Ramelius Resources | 61.89% | Increasing |
| Getswift | GSW | $51.9M | Fidelity | 5.01% | Becoming |
| Vita Group | VTG | $106.4M | Spheria Asset Management | 15.12% | Increasing |
| Greenvale Energy | GRV | $1.8M | Gun Capital Management | 20.18% | Increasing |
| Kina Securities | KSL | $114.5M | Port Moresby Stock Exchange | 10.68% | Increasing |
| Over the Wire | OTW | $95.0M | Naos Asset Management | 10.83% | Increasing |
| Parkd | PKD | $4.1M | Peter Mcutchen | 13.53% | Increasing |
| Integral Diagnostics | IDX | $375.5M | Perennial Value Management | 8.31% | Increasing |
| Knosys | KNO | $4.0M | Moat Investments | 5.20% | Becoming |
| Experience Co | EXP | $18.9M | Naos Asset Management | 14.79% | Increasing |
| National Veterinary Care | NVL | $246.8M | Lakeville Capital Management | 7.61% | Increasing |
| Medusa Mining | MML | $105.0M | Ruffer | 16.11% | Increasing |
| Chant West Holdings | CWL | $11.4M | DMX Asset Management | 6.92% | Increasing |
| Windlab | WND | $56.6M | Jencay Capital | 6.60% | Increasing |
| Kingrose Mining | KRM | $20.4M | Grimpeur Holdings | 7.79% | Increasing |
| Ovato | OVT | $8.8M | Michael Hannan | 53.79% | Increasing |
Sellers
Two holders of insurer iSelect (ASX:ISU) parted with stock in the last week — Sydney-based Quest Asset Partners and Uni Super.
Once a top 200 stock, graphite play Syrah Resources (ASX:SYR) has fallen a long way, shedding 95 per cent of its value since Janaury 2018. This week shares were sold by New Zealand fund manager Harbour Asset Management as well as by Regal Funds Management.
Regal Funds Management also ceased to be a substantial holder of buy now, pay later stock Zip Co (ASX:Z1P). While Zip is still in the green since January 2018, it is well off the highs seen last year, having fallen from $5.53 to $1.36.
| Company | Code | Market Cap | Holder | Current Stake | S |
|---|---|---|---|---|---|
| NextDC | NXT | $2.5B | Yarra Funds Management | 4.05% | Ceasing |
| Zip Co | Z1P | $458.7M | Regal Funds Management | 0% | Ceasing |
| Syrah Resources | SYR | $61.2M | Regal Funds Management | 0% | Ceasing |
| NTM Gold | NTM | $29.1M | Regal Funds Management | 5.28% | Ceasing |
| Temple & Webster | TPW | $217.8M | Kinderhook | 15.76% | Decreasing |
| Japara Healthcare | JHC | $121.6M | Pendal Group | 8.26% | Decreasing |
| Syrah Resources | SYR | $61.2M | Harbour Asset Management | 5.30% | Decreasing |
| iSelect | ISU | $38.2M | Quest Asset Partners | 6.31% | Decreasing |
| Senex Energy | SXY | $189.4M | Regal Funds Management | 7.08% | Decreasing |
| Stanmore Coal | SMR | $188.3M | Regal Funds Management | 7.91% | Decreasing |
| Syrah Resources | SYR | $93.3M | Regal Funds Management | 6.56% | Decreasing |
| Anglo Australian Resources | AAR | $38.1M | Braham Investments | 10.92% | Decreasing |
| G8 Education | GEM | $239.3M | Legg Mason Asset Management | 5.02% | Decreasing |
| Nickel Mices | NIC | $666.2M | Shanghai Wanlu Investment | 7.28% | Decreasing |
| ISelect | ISU | $38.2M | UniSuper | 0% | Ceasing |
