These are the ASX stocks institutional investors have been buying
Trading Places: Which ASX shares have institutional investors been buying over January?
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We’ve been keeping track of substantial holder buys (and sells) so you know where fund managers and famous investors are putting their money.
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.
Substantial holder buys
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| RedHill Education | RDH | $43.7M | UCW | 30.82% | Increasing |
| RightCrowd | RCW | $86.6M | Maven Smaller Companies Fund | 8.13% | Becoming |
| Paradigm Biopharmaceuticals | PAR | $552.3M | Paul Rennie | 8.77% | Increasing |
| Eclipse Metals | EPM | $28.3M | Cerium | 11.36% | Becoming |
| AF Legal | AFL | $30.8M | Westferry Trust | 5.20% | Becoming |
| Xped | XPE | $6.0M | Mercer St Global Opportunity Fund | 10.04% | Becoming |
| Pivotal Systems | PVS | $114.2M | Viburnum Funds | 13.08% | Increasing |
| Cycliq Group | CYQ | $6.9M | Daniel Kennedy | 5.21% | Becoming |
| Lifespot Health | LSH | $21.1M | Ela Capital | 8.60% | Becoming |
| Victory Mines | VIC | $19.0M | Davide Bosio | 7.10% | Increasing |
| ADX Energy | ADX | $15.7M | Jetosea | 12.80% | Increasing |
| Wellard | WLD | $33.5M | Sandon Capital | 6.50% | Increasing |
| Odyssey Gold | ODY | $25.6M | Diversified Asset Superfund | 14.37% | Increasing |
| HiTech | HIT | $76.1M | Elias Hazouri | 19.94% | Increasing |
| Tesoro Resources | TSO | $158.2M | Kenneth Hall | 5.27% | Becoming |
| Capitol Health | CAJ | $292.2M | Wilson Asset Management | 5.60% | Becoming |
| Frontier Digital Ventures | FDV | $507.5M | Perennial Value Management | 6.34% | Becoming |
| Anteris Technologies | AVR | $33.1M | Mercer St Global Opportunity Fund | 5.20% | Becoming |
| Terragen Holdings | TGH | $75.9M | Scobie Ward | 12.07% | Increasing |
| Metals X | MLX | $149.7M | Old Peak Group | 10.71% | Increasing |
| Horizon Metals | HZN | $92.8M | Delphi | 8.60% | Increasing |
| Atomos | AMS | $204.3M | Ellerston Capital | 7.46% | Increasing |
The list of substantial holder buys was smaller than usual with the January holidays, but there were still a handful of notable trades.
Trades by well known institutional investors included Wilson Asset Management accumulating a 5.6 per cent stake in diagnostic imaging play Capitol Health (ASX:CAJ) and Perennial Value Management accumulating a 6.34 per cent stake in e-classifieds site owner Frontier Digital Ventures (ASX:FDV).
In the resources sector, Delphi upped its holdings in junior gold producer Horizon Minerals (ASX:HRZ) to 8.6 per cent.
Some lesser known institutional investors made trades too. Mercer St Global Opportunities fund took a 10.04 per cent stake in internet of things healthcare company XPED (ASX:XPE).
Hong Kong based hedge fund Old Peak Group increased its stake into tin play MetalsX (ASX:MLX) to 10.71 per cent.
Substantial holder sales
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Babylon Pump and Power | BPP | $28.1M | FGI Holdings | 5.47% | Decreasing |
| Elixinol Global | EXL | $58.0M | Regal Funds Management | 8.32% | Decreasing |
| Pivotal Systems | PVS | $113.0M | Perennial Value Management | 7.06% | Decreasing |
| Wameja | WJA | $157.4M | Legal & General Investment Management | <5% | Ceasing |
| FYI Resources | FYI | $135.7M | Regal Funds Management | 7% | Decreasing |
| Battery Minerals | BAT | $53.1M | Aleksandra Bukacheva | 5.80% | Decreasing |
| Tymlez Group | TYM | $16.4M | Vadlamudi (Medical) | <5% | Ceasing |
Regal Funds Management reduced its stake in two stocks. The first of these was cannabis company Elixinol Global (ASX:EXL) which is now owns 8.32 per cent of and second was FYI Resources (ASX:FYI).
The latter stock is particularly noteworthy being one of the handful of stocks in high purity alumina (HPA) — a specialised product used in lithium-ion batteries.
Shares in FYI are up over 600 per cent in 6 months and while much of this can be credited to sentiment in the broader lithium-ion market, it ran a successful pilot project with Alcoa back in December.
Perennial Value Management cut its stake in semiconductor stock Pivotal Systems (ASX:PVS) to 7.06 per cent.
