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

The easing of COVID-19 restrictions in the northern hemisphere has given rise to trades described as “reopening trades”.

These allude to companies impacted by COVID-19 restrictions but expecting a surge in demand once restrictions are lifted and include airlines, tourism and retail among others.

Wilson Asset Management became a substantial holder of fashion retailer Universal Store (ASX:UNI) and camera add-on maker Atomos (ASX:AMS).

Paradice Investment Management bought into another fashion retailer City Chic Collective (ASX:CCX), making $32.2 million in share purchases since May.

Spheria Asset Management bought into accounting software company Reckon (ASX:RKN) taking a 9% stake for nearly $5.9 million.

Thorney Technologies’ reopening trades involved increasing its substantial holding in airport shuttle marketplace Jayride (ASX:JAY) while Collins St Asset Management bought more of online vehicle marketplace iCar Asia (ASX:ICQ)

AustralianSuper increased its holdings in retailers Baby Bunting (ASX:BBN) and JB Hi-Fi (ASX:JBH).

L1 Capital was one fund manager with a focus on energy and resources in recent days with its trades including Cooper Energy (ASX:COE), Karoon Energy (ASX:KAR) and Perenti (ASX:PRN).

 

Sellers

Fidelity and Schroder made a number of sell-downs including CogState (ASX:CGS) and Base Resources (ASX:BSE) for Fidelity while Deterra Royalties (ASX:DRR) and Ridley (ASX:RID) were Schroder sales.

Perennial sell-downs included industrial welding company AML3D (ASX:AL3) and mining services company RPM Global (ASX:RPM)