Maggie Beer. Pic: Robert Prezioso / Getty
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Want to know where fund managers are putting their money? 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.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Bionomics | BNO | $38.8M | Aperion Investment Group | 13.02% | Becoming |
| Estia Health | ESH | $8.2M | Seven Group Holdings | 10.01% | Increasing |
| DGO Gold | DGO | $199.2M | Regal Funds Management | 19.75% | Increasing |
| Centaurus Minerals | CTM | $125.5M | Harmanis Family | 6.54% | Increasing |
| Centaurus Minerals | CTM | $125.5M | McCusker Holdings | 5.56% | Becoming |
| Northern Minerals | NTU | $79.8M | Vastness Investment Group | 5.02% | Becoming |
| Inventis | IVT | $2.8M | Debra Noun | 25.57% | Becoming |
| Rey Resources | REY | $65.8M | ASF Group | 16.34% | Becoming |
| ActivEX | AIV | $23.0M | ASF Group | 19.62% | Becoming |
| Zenith Energy | ZEN | $147.2M | Westoz Funds Management | 12.94% | Increasing |
| Lucapa Diamond Company | LOM | $28.4M | Equigold | 8.09% | Increasing |
| ESense Lab | ESE | $8.5M | Chifley Portfolios | 12.20% | Becoming |
| Novonix | NVX | $306.4M | St Baker Energy Holdings | 18.10% | Becoming |
| Pacific Star Network | PNW | $59.8M | Viburnum Funds | 22.32% | Increasing |
| Norwood Systems | NOR | $5.7M | Apsec Funds Management | 12.00% | Increasing |
| Castle Minerals | CDT | $3.0M | Stepstone | 12.58% | Increasing |
| Eumundi Group | EBG | $32.8M | SJ Shoebridge Super Fiund | 8.60% | Increasing |
| Black Cat Syndicate | BC8 | $82.9M | Silver Lake Resources | 8.74% | Becoming |
| Saunders International | SAU | $17.3M | Naos Asset Management | 22.59% | Increasing |
| Biotech Capital | BTC | $25.8M | Naos Asset Management | 23.76% | Increasing |
| Baby Bunting | BBN | $433.7M | AustralianSuper | 12.53% | Increasing |
| Imdex | IMD | $426.8M | L1 Capital | 6.91% | Increasing |
| Blackstone Minerals | BSX | $54.1M | EcoPro | 15.89% | Becoming |
| Visioneering Technologies | VTI | $17.2M | Thorney Technologies | 26.97% | Increasing |
| Estia Health | ESH | $12.3M | Australian Capital Equity | 10.01% | Increasing |
| Onevue Holdings | OVH | $101.0M | Thorney Technologies | 17.09% | Increasing |
| ReadyTech | RDY | $111.6M | Microequities Asset Management | 9.57% | Increasing |
| Gage Roads Brewing | GRB | $59.3M | Perennial Value Management | 13.28% | Increasing |
| Torian Resources | TNR | $8.9M | Nova Minerals | 17.39% | Becoming |
| DGO Gold | DGO | $193.3M | Costa Asset Management | 7.03% | Increasing |
| Primero Group | PGX | $49.8M | The Makarska Trust | 10.94% | Increasing |
| The Reject Shop | TRS | $285.6M | Bennelong Australian Equity Partners | 11.78% | Increasing |
| Atrum Coal | ATU | $154.9M | Regal Funds Management | 5.04% | Becoming |
| DGO Gold | DGO | $193.3M | Ginga - Thomas Klinger | 16.67% | Increasing |
| Hot Chili | HCH | $58.6M | Murray Black | 6.55% | Increasing |
| Swick Mining Services | SWK | $39.5M | Perennial Value Management | 15.00% | Increasing |
| E2 Metals | E2M | $20.3M | Capri Family | 8.47% | Increasing |
| Metalsearch | MSE | $13.8M | Goody Family | 7.85% | Increasing |
| Metalsearch | MSE | $13.8M | Anthony Sheridan | 9.05% | Increasing |
| RMG | RMG | $550K | Hin Cheong Hung | 8.91% | Increasing |
| Spirit Telecom | ST1 | $115.0M | Regal Funds Management | 16.70% | Increasing |
| Family Zone Cyber Safety | FZO | $91.4M | Regal Funds Management | 10.03% | Increasing |
| Carbon Revolution | CBR | $218.8M | ECP Asset Management | 5.17% | Becoming |
| Kalium Lakes | KLL | $128.4M | Greenstone Resources | 20.59% | Increasing |
| Village Roadshow | VRL | $408.1M | Mittleman Investment Management | 8.50% | Increasing |
| Vault Intelligence | VLT | $55.0M | Regal Funds Management | 11.81% | Increasing |
| PSC Insurance Group | PSI | $743.4M | Ethical Partners Funds Management | 5.17% | Becoming |
| MMA Offshore | MRM | $53.7M | Thorney Opportunities | 10.80% | Increasing |
| Longtable Group | LON | $50.8M | Dynasty Peak - Geoff Wilson | 7.60% | Becoming |
| Ironbark Zinc | IBG | $9.2M | Danny Segman | 17.79% | Increasing |
| Alt Resources | ARS | $29.2M | Aurenne Ularring | 18.29% | Increasing |
| Cygnus Gold | CY5 | $16.8M | John Huizenga | 14.65% | Increasing |
| Cardno | CDD | $98.3M | Viburnum Funds | 6.03% | Increasing |
| Tanga Resources | TRL | $3.1M | Martyn Brown | 5.49% | Becoming |
| Recce Pharmaceuticals | RCE | $134.1M | Graham Melrose | 25.28% | Increasing |
| Matador Mining | MZZ | $59.3M | Terra Capital Nature Resource Fund | 5.00% | Becoming |
| Image Resources | IMA | $166.8M | Paradice Investment Management | 6.54% | Increasing |
| Kyckr | KYK | $28.5M | Regal Funds Management | 7.27% | Increasing |
| Matador Mining | MZZ | $59.3M | Nero Resource Fund | 5.02% | Becoming |
| VIP Gloves | VIP | $46.5M | Endless Earnings | 6.12% | Becoming |
| VIP Gloves | VIP | $46.5M | Leading & Junction | 17.17% | Increasing |
| Vitalharvest Freehold Trust | VTH | $140.6M | Primewest Management | 19.99% | Increasing |
| Damstra Holdings | DTC | $205.7M | AustralianSuper | 6.02% | Increasing |
| Calix | CXL | $117.9M | AustralianSuper | 6.08% | Increasing |
| BTC Health | BTC | $23.4M | Naos Asset Management | 24.76% | Increasing |
| Bowen Coking Coal | BCB | $45.8M | M Resources | 15.93% | Increasing |
| Auteco Minerals | AUT | $266.4M | Robert Rogers | 7.24% | Increasing |
| VIP Gloves | VIP | $68.1M | Choong Choy Lee | 9.80% | Becoming |
| Cygnus Gold | CY5 | $17.2M | Steve Parsons | 9.31% | Becoming |
| Race Oncology | RAC | $136.1M | Merchant Funds Management | 9.28% | Increasing |
| Uniti Group | UWL | $779.3M | Tribeca Investment Partners | 5.01% | Becoming |
| Rhiomed | RNO | $19.8M | Whitney George | 41.48% | Increasing |
The most peculiar trade this week was in food business Longtable Group (ASX:LON) which owns Maggie Beer among other brands.
Accumulating a 7.6 per cent stake over the last month has been an entity called Dynasty Peak, the personal superannuation fund of financial heavyweight Geoff Wilson.
Despite COVID-19, the company last week reported strong sales throughout May and June which will result in net sales for FY20 growing on FY19.
Alex Waislitz’s Thorney Technologies topped up its holdings in wealth management software stock OneVue Holdings (ASX:OVH) and offshore vessel provider MMA Offshore (ASX:MRM).
Carbon fibre wheel manufacturer Carbon Revolution (ASX:CBR) fell last week after a negative COVID-19 trading update. But Sydney-based ECP Asset Management took the chance to buy more shares, crossing the substantial holder threshold by owning 5.17 per cent.
Regal Funds Management trades included in telco Spirit Telecom (ASX:ST1) and web safety platform Family Zone Cyber Safety (ASX:FZO).
Australian Super topped up its holdings in sustainable infrastructure play Calix (ASX:CXL), baby store Baby Bunting (ASX:BBN) and software stock Damstra Holdings (ASX:DTC).
The latter of these companies last week announced the acquisition of Vault Intelligence (ASX:VLT) and that, despite COVID-19, its earnings would increase.
Merchant Funds Management was so confident in further success with its investment in cancer fighting biotech Race Oncology (ASX:RAC) that it made an unsolicited approach to contribute more capital. Race took up the offer and now Merchant owns 9.28 per cent.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Leigh Creek Energy | LCK | $51.7M | Crown Ascent Development | 4.5% | Ceasing |
| Tempo Australia | TPP | $14.9M | Spheria Asset Management | 4.51% | Ceasing |
| Element25 | E25 | $47.7M | Duketon Mining | 4.56% | Ceasing |
| Noxopharm | NOX | $42.6M | Eleanore Goodridge | 4.56% | Ceasing |
| Sigma Healthcare | SIG | $680.1M | Vinva Investment Management | 4.93% | Ceasing |
| Eclipx Group | ECX | $450.7M | Vinva Investment Management | 4.99% | Ceasing |
| ReadyTech | RDY | $112.0M | Pie Funds Management | 1.87% | Ceasing |
| Damstra Holdings | DTC | $187.6M | Perennial Value Management | 4.13% | Ceasing |
| SRG Global | SRG | $113.7M | Perennial Value Management | 13.28% | Decreasing |
| Quantum Health Group | QTM | $41.8M | Crisp Holdings & Phillip Sidney | 23.25% | Decreasing |
| PWR Holdings | PWH | $435.4M | Tribeca Investment Partners | 5.25% | Decreasing |
| DGO Gold | DGO | $193.3M | Regal Funds Management | 17.40% | Decreasing |
| Droneshield | DRO | $30.3M | Regal Funds Management | 4.43% | Ceasing |
| BWX | BWX | $451.0M | Wilson Asset Management | 5.05% | Decreasing |
| PWR Holdings | PWH | $435.4M | Perennial Value Management | 7.90% | Decreasing |
| Alto Metals | AME | $22.0M | Goldsea Australia Mining | 9.99% | Decreasing |
| Ovato | OVT | $5.9M | Wentworth Williamson Management | 2.63% | Ceasing |
| Medival Developments International | MVP | $431.8M | Regal Funds Management | 4.98% | Ceasing |
| Cygnus Gold | CY5 | $17.2M | Resource Capital Fund | 7.99% | Decreasing |
| 3P Learning | 3PL | $149.3M | Sterling Equity | 7.90% | Decreasing |
| Readcloud | RCL | $32.4M | Amity Agency | 9.54% | Decreasing |
| Neurotech International | NTI | $2.2M | Bonvoyolo | 5.85% | Decreasing |
| Creso Pharma | CPH | $10.5M | L1 Capital | 4.65% | Ceasing |
Perennial Value Management sold shares in Damstra (ASX:DTC) as well as engineering firm SRG Global (ASX:SRG).
Auckland based Pie Funds Management reduced its holdings in ReadyTech (ASX:RDY) which makes people management software for schools.
Sales by Regal Funds Management included in drone security stock DroneShield (ASX:DRO) and pain-killing device maker Medical Developments International (ASX:MVP).
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