Trading Places: Tolga Kumova has upped his stake in uranium play Valor Resources (ASX:VAL)
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If you want to know which ASX stocks fund managers and famous investors are putting their money into 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.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Redbubble | RBL | $1.5B | Kayne Rudnick Investment Management | 6.01% | Increasing |
| Bionomics | BNO | $197.3M | BVF Partners | 15.49% | Increasing |
| Harvest Technology | HTG | $178.0M | Carl Charalambous | 5.03% | Becoming |
| MoneyMe | MME | $245.2M | Perennial Value Management | 12.72% | Increasing |
| Australian Strategic Minerals | ASM | $704.3M | Fidelity | 5.82% | Becoming |
| Schrole Group | SCL | $23.6M | Toronga | 6.34% | Increasing |
| New World Resources | NWC | $134.3M | Paradice Investment Management | 6.73% | Becoming |
| Genex Power | GNX | $158.3M | Paradice Investment Management | 6.32% | Becoming |
| Simonds Group | SIO | $70.4M | Vallence Simonds | 44.02% | Increasing |
| AFL Legal | AFL | $42.4M | Moat Investments | 6.64% | Becoming |
| Tassal | TGR | $840.8M | Yarra Funds Management | 9.66 | Increasing |
| Maggie Beer | MBH | $95.7M | Perennial Value Management | 8.68% | Increasing |
| AMA Group | AMA | $460.1M | Royal Bank of Canada | 6.44% | Becoming |
| Metal Bank | MBK | $15.6M | Kensington Trust | 5.17% | Becoming |
| CPT Global | CPT | $9.5M | Westferry Trust | 5.02% | Becoming |
| Motio | MXO | $31.3M | Capital H Management | 19.84% | Increasing |
| Calix | CXL | $378.9M | Regal Funds Management | 5.45% | Becoming |
| Vision Technologies | VTI | $25.8M | Thorney Opportunities | 25.39% | Increasing |
| Black Dragon Gold | BDG | $10.1M | Delphi | 10.93% | Increasing |
| Cash Converters | CVV | $76.5M | EZ Corp | 35.87% | Increasing |
| Dreadnought Resources | DRE | $43.2M | Paul Chapman | 12.46% | Increasing |
| Michael Hill | MHJ | $306.5M | Spheria Asset Management | 13.10% | Increasing |
| Sky and Space | SAS | TBD | Merchant Funds Management | 6.96% | Increasing |
| Duratec | DUR | $109.2M | Regal Funds Management | 6.12% | Becoming |
| Autosports | ASG | $476.4M | Copia Investment Partners | 5.73% | Becoming |
| Duke Exploration | DEX | $21.7M | Kieran Slee | 10.25% | Increasing |
| Valor Resources | VAL | $20.4M | Tolga Kumova | 5.28% | Becoming |
| Ausmex Mining Group | AMG | $27.9M | Wayne McCrae | 20.64% | Increasing |
| Pharmaxis | PXS | $31.2M | Karst Peak Capital | 8.90% | Becoming |
One company with a peculiar history is HARVEST TECHNOLOGY GROUP (ASX:HTG) which was once focused on detecting sharks but now has technology enabling people to monitor and conduct business operations remotely such as oil and gas platforms.
Taking a 5.03 per cent stake in it was a Queensland investor by the name of Carl Charalambous paying just over $2.5 million. This investor appears to be a prominent real estate agent in Brisbane, running agency C Property which shares the same address as the fund that bought shares in Harvest.
Tolga Kumova became a substantial holder of uranium play Valor Resources (ASX:VAL) with two trades of $276,000 and $45,000 made this month taking him over the line.
Turning to fund managers, and notable trades made by Perennial Value Management include MoneyMe (ASX:MME), of which is now owns 12.72 per cent, and Maggie Beer (ASX:MBH), which it has 8.68 per cent of.
Regal Funds Management became a substantial holder of enviro-tech stock Calix (ASX:CXL) and architecture company Duratec (ASX:DUR).
Karst Peak Capital became a substantial holder of biotech Pharmaxis (ASX:PXS), accumulating an 8.9 per cent for $3.2 million.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Shriro Holdings | SHH | $83.7M | Grieg & Harrison | <5% | Ceasing |
| John Lyng Group | JLG | $905.4M | Lindsay Barber | 5.93% | Decreasing |
| New World Resources | NWC | $134.3M | Perennial Value Management | 6.46% | Decreasing |
| Fremont Petroleum | FPL | $16.4M | Regal Funds Management | <5% | Ceasing |
| Anatara Life Sciences | ANR | $12.7M | Myeng | 5.09% | Decreasing |
| Alpha HPA | A4N | $363.5M | Rolling Hills Capital | <5% | Ceasing |
| Beacon Lighting | BLX | $387.5M | Pendal | <5% | Ceasing |
| Singular Health | SHG | $26.0M | Regal Funds Management | <5% | Ceasing |
| Earlypay | EPY | $94.4M | First Samuel | 15.00% | Decreasing |
Regal Funds Management ceased to be a substantial holder of medical imaging company Singular Health Group (ASX:SHG) – which is one of 2021’s best performing IPOs – and oil & gas junior Fremont Petroleum (ASX:FPL).
Lindsay Barber, a director of Johns Lyng Group (ASX:JLG) parted with $9.375 million in shares last week and his stake decreased to just under 6 per cent.
