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.

Investors are worried that the whole buy now, pay later sector will suffer as less people take it up and the risk of existing customers defaulting rises due to the economic situation.

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