If you want to know which ASX stocks fund managers and famous investors are becoming and ceasing to be substantial shareholders of, we’ve been keeping track so you don’t have to.

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
Propell PHL $9.0M Adman Lanes 7.45% Increasing
Limeade LME $185.5M Australian Ethical 7.87% Increasing
Cettire CTT $1.1B Cat Rock Capital Master Fund 5.46% Becoming
Zoono ZNO $116.7M Regal Funds Management 11.93% Increasing
HT&E HT1 $459.6M Perpetual 14.28% Increasing
EnviroSuite EVS $119.7M Perennial 10.78% Increasing
Toro Energy TOE $87.3M Mega Uranium 12.76% Increasing
Enero Group EGG $221.0M Wilson Asset Management 11.31% Increasing
Site Group SIT $8.4M EGP Capital 16.29% Increasing
Galaxy Resources GXY $1.9B Paradice Investment Management 6.19% Increasing
Dacian Gold DCN $219.1M Regal Funds Management 5.64% Becoming
Viva Leisure VVA $160.2M Perennial 8.40% Increasing
Houston We Have HWH $40.0M Alerte Digital Health 6.24% Becoming
Dusk Group DSK $226.7M Wilson Asset Management 6.69% Increasing
Equatorial Resources EQX $39.8M John Welborn 5.95% Becoming
Little Green Pharma LGP $88.0M Thorney Opportunities 5.09% Becoming
Genesis Minerals GMD $143.0M Alkane Resources 19.84% Increasing
TasFoods TFL $42.3M AgFood Opportunities Fund 10.72% Increasing
iSelect ISU $90.6M Microequities Asset Management 8.74% Increasing
Prominence Energy PRM $9.0M Fast Lane Australia/David Neate 16.17% Increasing
Netlinkz NET $65.1M Regal Funds Management 8.75% Becoming
QuickFee QFE $53.4M HT1 Management 7.65% Increasing
Bisalloy Steel BIS $49.4M Turnbull & Partners 6.38% Becoming
Coronado Global Resources CRN $1.4B AustralianSuper 9.54% Increasing
Panterra Gold PGI TBD Erle Edwinson 7.94% Increasing
IGO IGO $5.6B Ausbil Investment Management 6.18% Increasing
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High-end fashion ecommerce stock Cettire (ASX:CTT) has been one of the more intriguing stocks, having more than quadrupled since its listing late last year.

This is despite few shareholder updates coming out of the Cettire other than a partnership with BNPL company Klarna and revenue updates.

Taking a 5.46 per cent stake in Cettire – and thus becoming a substantial shareholder, for $29.8 million – was Cat Rock Capital.

Cat Rock Capital is a fund manager with an office in the US state of Connecticut but incorporated in the Cayman Islands.

Speaking of stocks with a US connection, another is employee wellness software company Limeade (ASX:LME) which is based in Seattle. Australian Ethical topped up its holdings to 7.87 per cent with its most recent trade coming in at $1.3 million.

Regal Funds Management made a few noteworthy trades including a $1.75 million top up of its stake in Zoono (ASX:ZNO) and becoming a substantial holder in troubled gold producer Dacian (ASX:DCN) for $4.56 million.

Battery metals also ran hot in recent days with Ausbil Investment Management topping up its holding in recent battery metals pivoter IGO (ASX:IGO) to 6.18 per cent and Paradice Investment Management doing likewise with Galaxy Resources (ASX:GXY).

Alex Waislitz’s Thorney Opportunities became a substantial holder of Little Green Pharma (ASX:LGP), one of the few Aussie cannabis companies that is a producer and exporter.

 

Sellers

Company Code Market Cap Holder Current Stake Status
Viva Energy VEA $3.3B Yarra Management <5% Ceasing
Carpentaria Resources CAP $54.7M Regal Funds Management 9.66% Decreasing
Comms Group CCG $27.0M Greig and Harrison 5.73% Decreasing
Zoono ZNO $116.7M Paul Hyslop 36.00% Decreasing
Midway MWY $78.6M Regal Funds Management <5% Ceasing
Lithium Power International LPI $60.3M Regal Funds Management 7.29% Decreasing
Janison JAN $189.6M Australian Ethical 7.19% Decreasing
Healius HLS $2.7B Yarra Management <5% Ceasing
Atrum Coal ATU $24.6M Nero Resources Fund <5% Ceasing
Cogstate CGS $234.3M Australian Ethical 15.66% Decreasing
Urbanise UBN $91.5M Australian Ethical 8.74% Decreasing
Uniti UWL $2.2B QVG Capital <5% Ceasing
Eclipx Group ECX $689.3M Victorian Funds Management Corporation <5% Ceasing
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Just like when Regal first bought into Zoono (ASX:ZNO), it bought from founder and managing director Paul Hyslop who still retains a 36 per cent stake in the company.

QVG Capital ceased to be a substantial holder of telco stock Uniti (ASX:UWL), parting ways with nearly $6 million in shares.

Yarra Management cashed out of Viva Energy (ASX:VEA) and Healius (ASX:HLS) – reaping over $40 million between the pair.