Trading Places is Stockhead’s recap of the buys and sells of ASX small cap shares by fund managers and other famous investors over the last fortnight.

Specifically, Stockhead tracks substantial shareholder movements, being shareholders 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
Technology Metals Australia TMT $68.2M Resource Capital Fund 17.69% Increasing
Estia Health EHE $562.1M Wilson Asset Management 5.65% Becoming
Black Dragon Gold BDG $10.2M Delphi 15.31% Increasing
New Century Resources NCZ $258.9M Thebes Offshore Master Fund 13.73% Increasing
Auctus Investment Group AVC $100.8M Campbell McComb 7.33% Increasing
Probiotec PBP $170.3M Wesley Stringer 7.63% Increasing
Chase Mining CML $9.1M Syracuse Capital 9.87% Increasing
Avita Medical AVH $475.9M Montgomery Investment Management 5.03% Becoming
Adacel ADA $85.0M Wilson Asset Management 5.08% Becoming
COG Financial Services COG $249.6M McCullagh Super Fund 19.68% Increasing
United Malt Group UMG $1.2B Tanarra Capital 5.44% Becoming
BWX BWX $691.8M Paradice Investment Management 6.79% Increasing
Golden Rim Resources GMR $22.1M Jetosea 8.20% Becoming
29Metals 29M $1.2B Yarra Management 7.40% Increasing
Service Stream SSM $505.1M Allan Gray 7.90% Increasing
Australian Finance Group AFG $707.8M Challenger 6.28% Increasing
Iluka ILU $3.7B Alphinity Investment Management 5.03% Becoming
Sensera SE1 $6.2M Pure Asset Management 8.81% Becoming
Serko SKO $731.4M Fisher Funds Management 5.39% Becoming
Namoi Cotton NAM $79.2M Samuel Terry Asset Management 19.00% Increasing
Terracom TER $124.4M Thorney Opportunities 11.93% Increasing
Koonenberry Gold KNB Padlooka Investments 6.52% Becoming
Red Dirt Metals RDT $162.2M Ponderosa Investments 6.62% Becoming
St Barbara SBM $940.1M L1 Capital 8.96% Increasing
The Star Entertainment Group SEG $57.8M L1 Capital 5.10% Becoming
Gefen GFN $30.8M Regal Funds Management 8.76% Increasing
Over the Wire OTW $333.6M Regal Funds Management 6.06% Becoming
Catapult Group CAT $324.7M MA Financial 7.70% Increasing
Kathmandu KMD $1.1B NZ Superannuation Fund 6.05% Increasing
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Leading this fortnight’s list of substantial holder trades are a handful of large cap resources stocks.

One was recently listed copper producer 29Metals (ASX:29M) which has a market capitalisation of ~$1.2 billion. Yarra Capital Management topped up its holdings to over 7%, making a net $13.3 million in purchases.

Next was gold producer St Barbara (ASX:SBM). It is now 8.96% owned by L1 Capital which acquired nearly 10 million shares.

And mineral sands large cap Iluka (ASX:ILU) welcomed Alphinity Investment Management which acquired a stake of just over 5% having gradually accumulated shares since August.

Turning to other sectors, Regal Funds Management topped up its holdings in Gefen (ASX:GFN), an Israeli insurance tech company which listed earlier this year but is down over 40% from its IPO price.

It also bought into telco play Over the Wire (ASX:OTW), which is set to be snapped up by Aussie Broadband (ASX:ABB).

New Zealand fundie Fisher Funds Management became a substantial shareholder of Serko (ASX:SKO), a corporate travel and expense solution company.

Alex Waislitz’s Thorney Opportunities typically focuses on tech and industrials but it is a shareholder in coal company Terracom (ASX:TER) and it topped up its holdings to nearly 12%.

At the microcap end, Pure Asset Management became a substantial holder of tech stock Sensera (ASX:SE1).

This company has been under siege in the last fortnight since unveiling a plan to sell its sole operating business – a move which the company admitted would likely lead to its ASX suspension for some months with entry only possible if and when it found a new business.

 

Sellers

Company Code Market Cap Holder Current Stake Status
Orora ORA $2.9B Yarra Management <5% Ceasing
Delorean DEL $39.6M Regal Funds Management 7.36% Decreasing
South32 S32 $17.1B Schroder <5% Ceasing
Ridley RIC $436.1M Lazard 6.10% Decreasing
Costa Group CGC $1.3N Lazard 5.04% Decreasing
Little Green Pharma LGP $117.3M Elixxer 10.50% Decreasing
Resolute Mining RSG $386.4M L1 Capital 6.48% Decreasing
Adairs ADH $604.0M Vinva Investment Management <5% Ceasing
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