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
Genworth Mortgage Insurance GMA $911.7M Vinva Investment Management 5.10% Becoming
K2Fly K2F $40.7M Regal Funds Management 8.06% Increasing
K2Fly K2F $40.7M Tribeca 7.87% Increasing
Doctor Care Anywhere DOC $255.6M Perennial 13.46% Increasing
Blackstone Minerals BSX $134.4M Delphi 17.87% Increasing
Tyranna Resources TYX $4.6M No Bull Health 8.44% Becoming
Jervois Mining JRV $606.1M AustralianSuper 15.01% Increasing
Janison Education JAN $188.4M Perennial 7.46% Increasing
Variscan Mines VAR $16.0M Delphi 6.90% Increasing
Mineral Commodities MRC $81.0M Au Mining 28.20% Increasing
Simble Solutions SIS $6.9M Daniel Tillett 8.87% Increasing
Duke Exploration DEX $23.9M Keiran Slee 7.67% Increasing
Island Pharmaceuticals ILA $15.7M Jason Carroll 5.00% Becoming
IPH IPH $1.8B Kabouter Management 7.55% Increasing
Allegience Coal AHQ $193.1M Delphi 9.55% Increasing
Stealth Global Holdings SGI $11.5M Narelle Edmunds 6.38% Increasing
Coda Minerals COD $102.1M Sprott 5.33% Becoming
Charter Hall Retail REIT CQR $2.2B Milford Asset Management 6.29% Increasing
Collins Food CKF $1.3B Milford Asset Management 6.24% Increasing
Australian Finance Group AFG $775.6M Milford Asset Management 5.04% Becoming
CTI Logistics CTI $60.7M Dynamic Supplies 11.64% Increasing
Southern Cross Media SXL $521.8M Challenger 5.00% Becoming
The Reject Shop TRS $188.6M Castle Point Funds Managament 8.35% Increasing
Athena Resources AHN TBD Jason Peterson 10.61% Increasing
Marvel Gold MVL $28.0M Capital Di 13.82% Increasing
Pearl Global PG1 $13.4M Regal Funds Management 7.95% Becoming
iSelect ISU $108.3M Microequities 10.43% Increasing
Dacian Gold DCN $227.4M Perennial 6.17% Increasing
Baby Bunting BBN $716.4M Bennelong Funds Management 10.58% Increasing
Enero Group EGG $266.9M Perennial 5.12% Becoming
Synertec Corp SOP $35.7M Perennial 5.60% Becoming
WT Financial Group WTL $32.3M IFM 6.80% Increasing
Magnetic Resources MAU $369.2M Dale Alcock 10.18% Increasing
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The past few days have seen a wide variety of trades that depict differing views as to which stocks will benefit going forward but many of them are stocks that have thrived in recent times.

One company that’s thrived through much of COVID is maternity and baby goods retailer Baby Bunting (ASX:BBN) which was allowed to stay open as an essential service.

Bennelong Funds Management paid at least $9.5 million to up its stake to over 10.5%.

Other retail purchases included Milford Asset Management topping up its stake in fast food franchise operator Collins Foods (ASX:CKF) to 6.24% while Castle Point Funds Management bought more of The Reject Shop (ASX:TRS) and now owns over 8%.

Vinva Investment Management spent $3.8 million to accumulate a 5.10% stake in Genworth Mortgage Insurance (ASX:GMA), a company for which FY21 was a bumper year in light of the property market.

In resources, one company that has been through a bumper year is Coda Minerals (ASX:COD) thanks to its IOCG discovery in South Australia. It welcomed a new substantial holder in Canadian resources investor Sprott, which has a 5.33% stake.

Marvel Gold (ASX:MVL) welcomed German institutional investor Delphi which bought a stake of over 11% in a capital raising and has further topped up its holdings to nearly 13%. Also buying was Capital Di, a Mauritian based drilling entity, which owns 13.82%.

 

Sellers

Company Code Market Cap Holder Current Stake Status
Eumundi Group EBG $38.2M Ganboys 6% Decreasing
Dusk Group DSK $216.1M Wilson Asset Management <5% Ceasing
Tali Digital TD1 $36.9M BCCL Worldwide 6.89% Decreasing
Monash IVF MVF $370.2M Perennial <5% Ceasing
Avita AVH $635.7M Redmile Group 6.70% Decreasing
Temple & Webster TPW $1.5B Kinderhook 11.80% Decreasing
CTI Logistics CTI $60.7M Spheria Asset Management <5% Ceasing
John Lyng Group JLG $1.4B QVG Capital <5% Ceasing
Estia Health EHE $617.0M United Super 7.19% Decreasing
Revasum RVS $47.5M Perennial 12.50% Decreasing
Atomo Diagnostics AT1 $92.0M Perennial <5% Ceasing
Austin Engineering ANG $107.3M Perennial <5% Ceasing
Acrow Formwork & Construction ACF $118.5M Schroder <5% Ceasing
Atomos AMS $248.0M Regal Funds Management 6.84% Decreasing
Alpha HPA A4N $384.3M Regal Funds Management 7.46% Decreasing
MMA Offshore MRM $129.4M Perennial 5.87% Decreasing
Ai-Media AIM $208.4M Regal Funds Management <5% Ceasing
Tuas TUA $403.6M Regal Funds Management <5% Ceasing
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One bet that paid off for Wilson Asset Managament was as an investor in recent listee Dusk Group (ASX:DSK), which is in the home fragrance trade.

After buying shares at the IPO and more on market despite a decline on debut, it ceased to be a substantial holder selling nearly $5 million in shares in late August.

Regal Funds Management ceased to be a substantial holder of telco Tuas (ASX:TUA) and Ai-Media (ASX:AIM).

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