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.