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.



2021 has not been as good a year for gold as 2020 was, even with several new listees.

One of them is Locksley Resources (ASX:LKY) which is a NSW focused exploration stock. Charles Arve, once a prominent derivatives trader but now a private investor, took a 5.8% stake through his private company Jetosea, spending over $600,000 since June.

Still with gold and DGO Gold (ASX:DGO) – an exploration stock focused on South Australia – saw Regal Funds Management and Costa Asset Management increase their respective stakes.

Westoz Funds Management became a substantial holder of mining services entity Swick (ASX:SWK) on the very same day it announced a merger with fellow listee DDH1 (ASX:DDH). Westoz already owned over 12 million shares but bought another 2 million to take its holding to the 5% threshold.

Microequities got into software company Prophecy International (ASX:PRO) a few days before it reported strong sales growth in FY22 so far, leading to a big spike in the share price. Microequities also owned this stock before becoming a substantial holder but topped up its holdings to cross 5%.

Super funds were major players in the last week with UniSuper increasing its stake in Vicinity Centres (ASX:VCX), Australian Super increasing its holdings in Sandfire Resources (ASX:SFR) and Credit Corp (ASX:CCP) while REST bought into litigation funder Omni Bridgeway (ASX:OBL).

Wilson Asset Management became a substantial holder of Ridley Corporation (ASX:RIC) and Challenger became a substantial holder of tourist asset operator Experience Co (ASX:EXP).



The Gandel family reduced its holdings in ecommerce company MyDeal (ASX:MYD) now owning 15.31% of the company representing 39 million shares, down from 51 million at the time of IPO which was nearly 20%.

The sale came just under three weeks before 25.72 million of its shares are due for release from escrow.