Trading Places: Geoff Wilson’s fund management firm (still) likes the smell of Dusk Group

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If you to know where fund managers and famous investors such as Geoff Wilson, Alex Waislitz and Tolga Kumova are putting their money, we’ve been keeping track of substantial holder buys (and sells).

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.

Substantial holder buys

Company Code Market Cap Holder Stake Status
Urbanise UBN $68.3M Argosy Capital 27.71% Increasing
New Century Resources NCZ $183.5M Delphi 6.52% Increasing
Cyprium Metals CYM $13.0M Ilwella 5.30% Becoming
DGR Global DGR $70.8M Samuel Terry Asset Management 6.50% Increasing
Southern Cross Media SXL $531.0M Retail Employees Superannuation 6.02% Increasing
Cardno CDD $114.1M Alberta Investment Management 5.48% Increasing
DGR Global DGR $70.8M Nicholas Mather 16.86% Increasing
Thorn Group TGA $61.3M Somers 39.42% Increasing
Baby Bunting BBN $579.1M Bennelong Australian Equity Partners 8.23% Increasing
Cullen Resources CUL $6.9M Perth Capital 20.61% Increasing
Village Roadshow VRL $447.2M Aimia 11.24% Increasing
Castle Minerals CDT $5.8M Stepstone 8.22% Increasing
Aus Tin Mining ANW $3.7M DGR Global 14.78% Increasing
Over The Wire OTW $266.1M Michael Omeros 21.94% Increasing
Retail Food Group RFG $144.2M Regal Funds Management 14.43% Increasing
Santana Minerals SMI $5.8M Regal Funds Management 8.88% Becoming
Aeris Environmental AIS $138.5M Perennial Value Management 9.02% Increasing
ImExHS IME $44.6M Perennial Value Management 7.86% Becoming
Global Oil & Gas GLV $4.8M Goshawk Holdings 19.67% Becoming
Tlou Energy TOU $34.7M Anthony Gilby 6.57% Increasing
Retail Food Group RFG $178.0M Regal Funds Management 15.98% Increasing
Kip McGrath Education Centres KME $64.5M Regal Funds Management 8.00% Increasing
Santana Minerals SMI $23.9M Mustang Resources 6.71% Becoming
Uniti Group UWL $779.8M QVG Capital 6.27% Becoming
Pure Foods Tasmania PFT $63.7M Michael Cooper 5.01% Becoming
Retail Food Group RFG $178.0M Washington H. Soul Pattinson & company 6.50% Becoming
Aurelia Metals AMI $445.7M Eley Griffiths 6.43% Increasing
Healthia HLA $99.4M Viburnum Funds 8.00% Increasing
Fargo Enterprises FGO $3.6M Golden Triangle 10.03% Increasing
Fargo Enterprises FGO $3.6M Phoenixavier 14.69% Increasing
Hydrix HYD $45.8M Regal Funds Management 7.48% Increasing
Southern Gold SAU $25.6M Crescat Portfolio Management 9.77% Becoming
Whitebark Energy WBE $12.2M Kim Muller 5.05% Becoming
Superloop SLC $329.2M Perennial Value Management 7.73% Increasing
ReadyTech Holdings RDY $185.2M Microequities Asset Management 12.83% Increasing
Rhinomed RNO $43.1M John McBain 16.28% Increasing
Mastermyne Group MYE $79.6M Grieg & Harrison 5.89% Becoming
Healthia HLA $88.4M Moelis 6.26% Becoming
Metals Australia MLS $8.4M Phung Dang Nguyen 5.03% Becoming
Piedmont Lithium PLL $491.5M Alyeska Master Fund 7.70% Becoming
Healthia HLA $88.4M Darren Stewart 10.81% Increasing
Village Roadshow VRL $478.5M Aimia Inc 12.87% Increasing
Syrah Resources SYR $234.4M Paradice Investment Management 5.04% Becoming
Protean Energy POW $5.4M Jason Peterson 8.78% Increasing
Omni Bridgeway OBL $929.9M Amitell Capital 5.00% Becoming
Auroch Minerals AOU $46.2M MIMO Strategies 8.19% Increasing
Musgrave Minerals MGV $213.7M Invesco 5.01% Becoming
Probiotec PBP $160.8M Pie Funds Management 7.60% Increasing
Duke Exploration DEX $24.7M Gapmas Holdings 9.83% Becoming
Spirit Technology ST1 $208.1M Perennial Value Management 6.21% Becoming
Integra Group ITG $118.0M Perennial Value Management 5.09% Becoming
Japara Healthcare JHC $179.1M Ashens Properties 8.07% Increasing
GTN GTN $89.3M Spheria Asset Management 12.30% Increasing
Auris Minerals AUR $38.4M Sandfire Resources 7.20% Increasing
Retai Food Group RFG $187.0M Thorney Opportunities 6.01% Becoming
Amaysim AYS $233.1M Challenger 5.49% Becoming
Bravura Solutions BVS $810.7M Mawer Investment Management 7.35% Increasing
CFOAM CFO $4.3M Gary Steinperis 10.04% Increasing
Benjamin Hornigold BHD $6.8M Dawney & Co 9.38% Increasing
Carbonxt Group CG1 $25.4M Pie Funds Management 10.90% Increasing
Acrow Formwork & Construction Services ACF $75.6M Margaret Prokop 5.02% Becoming
Marvel Gold MVL $31.5M Capital Di 12.47% Increasing
CV Check CV1 $49.7M Australian Ethical Investment 8.24% Increasing
Whitebark Energy WBE $12.2M Kim Muller 7.01% Increasing
Brookside Energy BRK $8.1M Great Southern Flour Mills 7.18% Becoming
Lifespot Health LSH $11.9M Niv Dagan 7.14% Increasing
Village Roadshow VRL $476.5M Aima 14.34% Increasing
Metalsearch MSE $26.2M Davanna 7.25% Increasing
Lifespot Health LSH $11.9M Medical Investment Trust 9.72% Becoming
Emeco Holdings EHL $519.6M Paradice Investment Management 8.12% Increasing
Dusk Group DSK $108.4M Wilson Asset Management 5.41% Becoming
Consolidated Opportunities COG $123.4M Thorney Opportunities 8.27% Increasing
Lucapa Diamond LOM $41.9M Tazga Two 6.83% Increasing
Lucapa Diamond LOM $41.9M Equibold 6.84% Increasing
Lucapa Diamond LOM $41.9M Illewa 7.62% Increasing

One of the more well known ASX fund managers is Wilson Asset Management, headed by Geoff Wilson.

Wilson’s firm was an investor in recent listee Dusk Group (ASX:DSK), which is in the home fragrance trade.

The company fell on its debut last month, which Wilson Asset Management invested $5.5 million in.

Since the company listed, Wilson Asset Management has continued to buy shares on market. A $164,023.12 trade on Tuesday took it across the substantial holder threshold – it now owns 5.41 per cent.

Alex Waislitz’ vehicle, Thorney Opportunities, topped up its stake in financier Consolidated Operations Group (ASX:COG) to 8.27 per cent and fast food franchisee Retail Food Group (ASX:RFG) to 6.01 per cent.

Regal Funds Management also topped up its holdings in Retail Food Group as well as medtech play Hydrix (ASX:HYD) and tutoring outlet Kip McGrath Education Centres (ASX:KME).

Perennial Value Management purchases included into telco service providers Spirit Technology (ASX:ST1) and Superloop (ASX:SLC).

Tesla contract holder Piedmont Lithium (ASX:PLL) welcomed a US hedge fund Alyseka as a substantial holder with a 7.7 per cent stake.

While fellow electric vehicle metal graphite hasn’t seen the same hype as lithium, it was curious to observe Paradice Investment Management becoming a substantial holder of the ASX’s largest graphite play – Syrah Resources (ASX:SYR).

Substantial holder sales

Company Code Market Cap Holder Current Stake Status
Carpentaria Exploration CAP $11.8M SG Hiscock <5% Ceasing
Victory Offices VOL $17.2M Regal Funds Management 6.86% Decreasing
Technology One TNE $2.9B Hyperion Asset Management <5% Ceasing
XPlore Wealth XPL $53.6M Parmms Enterprises <5% Ceasing
Retail Food Group RFG $144.2M Invesco 14.97% Decreasing
Easton Investments EAS $39.4M Pie Funds Management 7.30% Decreasing
Dragontail Systems DTS $37.2M Internet Fund IIIA 8.75% Decreasing
Visioneering Technology VTI $28.5M Regal Funds Management 7.80% Decreasing
Geopacific Resources GPR $108.5M Spheria Asset Management 9.10% Decreasing
Aussie Broadband ABB $370.2M Perennial Value Management <5% Ceasing
Hot Chili HCH $119.1M Taurus SM Holdings 7.50% Decreasing
Intra Energy IEC $3.5M David Schwartz 6.81% Decreasing
Brookside Energy BRK $6.8M Oklahoma Energy Consultants <5% Ceasing
LiveTiles LVT $216.5M Webtop Holding 5.10% Decreasing
GWA Group GWA $758.2M Ethical Partners Funds 5.85% Decreasing
Damstra Holdings DTC $317.5M Regal Funds Management 6.90% Decreasing
CV Check CV1 $52.6M Bernard Stephens <5% Ceasing
Spirit Technology Solutions ST1 $208.1M Regal Funds Management 12.19% Decreasing
Coronado Global Resources CRN $1.2B L1 Capital 5.51% Decreasing
NSX NSX $51.5M Exchange Technology Investments <5% Ceasing
GTN GTN $89.3M Perennial Value Management 11.21% Decreasing
Elixinol EXL $35.7M Benhaim Trading Trust 15.31% Decreasing
Money3 MNY $498.6M Thorney Opportunities 13.90% Decreasing
Lovisa Holdings LOV $1.2B Fidelity 6.13% Decreasing
Atomos AMS $184.6M Perennial Value Management 8.43% Decreasing
Victory Offices VOL $27.8M Perennial Value Management 12.33% Decreasing
Emeco Holdings EHL $519.6M Vinva Investment Management <5% Ceasing
Eclipx Group ECX $567.4M Vinva Investment Management <5% Ceasing
Capricorn Metals CMM $572.2M Paradice Investment Management 8.92% Decreasing
Fatfish Blockchain FFG $43.1M Arena Investors 6.98% Decreasing

One company battered by COVID-19 more than most was serviced office provider Victory Offices (ASX:VOL). It saw demand for its services almost literally wiped out as people were forced to work from home.

Despite shares rallying from the Pfizer vaccine news, Regal and Perennial both reduced their holdings.

Retailer Lovisa Holdings (ASX:LOV) rallied last week too, off the back of similar COVID-19 vaccine optimism as well as a European acquisition it unveiled. But substantial holder Fidelity sold down its stake to 6.13 per cent.

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