Trading Places: These gold stocks saw some big buyers in recent days
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If you to know where fund managers and famous investors such as Eric Sprott and Alex Waislitz are putting their money, we’ve been keeping track of substantial holder buys (and sells).
Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.
Substantial shareholders are those holding 5 per cent or more of a company’s shares — 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, as well as any change in their holdings while they remain above 5 per cent.
Several buys were made by fund managers and investors amidst ASX gold stocks. The most noteworthy was Sprott Group topping up its holdings in Saturn Metals (ASX:STN) to 8.5 per cent.
Brian Rodan now owns nearly 20 per cent of Desert Metals (ASX:DM1) which only listed this month but is one of the top IPOs of 2020, having more than tripled.
The most notable buy of Alex Waislitz’s private investment vehicle, Thorney Opportunities, was in Angel Seafood (ASX:AS1) and it now owns over 13 per cent.
QVG Group topped up its holdings in high flying telco Uniti (ASX:UWL) to over 6 per cent.
Pendal Group dropped its stake in City Chic Collective (ASX:CCX) below the 5 per cent threshold.