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 |
|---|---|---|---|---|---|
| Empire Resources | ERL | $14.2M | Michael Ruane | 31.18% | Increasing |
| Caravel Minerals | CVV | $189.0M | Paradice Investment Management | 7.86% | Increasing |
| MaxiPARTS | MXI | $129.2M | Wilson Asset Management | 5.14% | Becoming |
| Eureka Group | EGH | $152.0M | Ethical Partners Funds Management | 9.84% | Increasing |
| PointsBet | PBH | $2.8B | HR Vora Capital Management | 6.02% | Increasing |
| Paladin Energy | PDN | $2.5B | Paradice Investment Management | 8.93% | Increasing |
| Superloop | SLC | $570.3M | Perennial | 11.24% | Increasing |
| Energy Technologies | EGY | $27.3M | Xplore Wealth | 6.84% | Increasing |
| 3P Learning | 3PL | $374.6M | Viburnum Funds | 15.79% | Increasing |
| Australian Unity Office Fund | AOF | $384.7M | Valtellina Properties | 6.06% | Increasing |
| Cannon Resources | CNR | $29.2M | Ponderose Investments | 7.18% | Increasing |
| Computershare | CPU | $10.9B | AustralianSuper | 12.99% | Increasing |
| Deterra Royalties | DRR | $2.1B | Schroder | 6.04% | Increasing |
| Probiotec | PBP | $168.7M | Copia | 5.36% | Becoming |
| Lark Distilling | LRK | $340.8M | Perennial | 5.47% | Becoming |
| McPhersons | MCP | $128.7M | Australian Ethical | 7.09% | Increasing |
| Imugene | IMU | $2.6B | Paul Hopper | 6.97% | Increasing |
| Felix Group | FLX | $29.2M | Thorney Opportunities | 9.05% | Increasing |
| Orica | ORI | $6.1B | Australian Super | 14.34% | Increasing |
| Healthia | HLA | $249.1M | Glen Richards | 5.89% | Increasing |
| Cooper Energy | COE | $472.6M | First Sentier | 8.82% | Increasing |
| Aussie Broadband | ABB | $1.1B | Challenger | 6.01% | Increasing |
| Lark Distilling | LRK | $340.8M | Perennial | 7.30% | Increasing |
| OFX | OFX | $391.5M | Australian Ethical | 7.70% | Increasing |
One fund manager that made multiple buys was AustralianSuper – the country’s largest super fund. It increased its stake in share registry platform Computershare (ASX:CPU) to 12.99% and in global mining explosives and blasting technology firm Orica (ASX:ORI) to 14.34%.
Tassie whisky company, Lark Distilling (ASX:LRK) welcomed Perennial as a new substantial shareholder as part of a capital raise which helped it complete the purchase of iconic Tasmanian distillery Kernke Family Shene Estate. Perennial also topped up its holdings in Superloop (ASX:SLC) to just over 11%.
Buys by Australian Ethical included health, beauty and wellness product outlet McPhersons (ASX:MCP) and currency transfer service OFX (ASX:OFX).
Still with ESG focused investors, Eureka Group (ASX:EGH), a firm which provides rental accomodations for seniors, saw Ethical Partners Funds Management top up its stake to 9.84%.
Construction and industrial companies made up a handful of places on the list this week. Thorney Opportunities increased its stake in construction-focused software company Felix Group (ASX:FLX) to just over 9%.
Wilson Asset Management became a substantial holder of trailers specialist MaxiTrans (ASX:MXI) to, just crossing the 5% threshold.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Pacific Current Group | PAC | $401.7M | Fidelity | 5.28% | Decreasing |
| Hydrix | HYD | $20.1M | Perennial | Ceasing | |
| Eclipx Group | ECX | $760.3M | Vinva Investment Management | Ceasing | |
| Vimy Resources | VMY | $279.2M | Paradice Investment Management | 7.54% | Decreasing |
| IPH | IPH | $2.0B | Paradice Investment Management | 5.08% | Decreasing |
| United Malt Group | UMG | $1.2B | Challenger | Ceasing | |
| Dominos | DMP | $11.4B | Fidelity | Ceasing | |
| Altium | ALU | $4.9B | Pinnacle | 6.11% | Decreasing |
| Santana Minerals | SMI | $28.5M | Regal Funds Management | Ceasing | |
| Horizon Oil | HZN | $150.9M | Spheria Asset Management | 7.13% | Decreasing |
| Iluka Resources | ILU | $4.0B | Aware Super | 5.15% | Decreasing |
| IPH | IPH | $1.9B | Paradice Investment Management | Ceasing |
Aware Super cut its stake in Iluka Resources (ASX:ILU), one of the few companies in the mineral sands space.
Large cap tech stock Altium (ASX:ALU) saw Pinnacle cut its stake in it to 6.11%.