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.



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.



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.