Trading Places: Which recent ASX IPO saw investees top up their holdings on market?

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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
Deep Yellow DYL $385.6M Collines Investments 7.59% Increasing
Duke Exploration DEX $21.2M Misty Grange 7.19% Increasing
Immutep IMM $482.4M Fidelity 7.41% Increasing
Triton Minerals TON $59.1M SG Hiscock 6.65% Increasing
Monadelphous MND $895.1M Allan Gray 5.08% Becoming
SiteMinder SDR $1.8B AustralianSuper 6.79% Becoming
Australian Agricultural Company AAC $1.0B Heytesbury Group 6.04% Becoming
GTI Resources GTR $35.0M Tolga Kumova 5.41% Increasing
City Chic Collective CCX $1.5B Bennelong Funds MAnagement 5.72% Becoming
RPMGlobal RUL $477.5M Regal Funds Management 6.43% Increasing
Allegience Coal AHQ $213.2M Regal Funds Management 8.34% Increasing
Carawine Resources CWX $27.2M Christopher Wallin 19.90% Increasing
Xtek XTE $24.2M Regal Funds Management 10.01% Becoming
MoneyMe MME $342.0M Perennial 10.02% Increasing
Cygnus Gold CY5 $21.5M John Huizenga 6.72% Increasing
Vista Group VGL $587.2M Spheria Asset Management 9.13% Increasing
MultiStack International MSI $7.2M Jin Qiao 17.60% Increasing
Judo Capital JDO $2.5B UniSuper 6.76% Increasing
Propell Holdings PHL $7.5M Danny Segman 13.41% Increasing
Tissue Repair TRP $39.9M Tony Charara & Spark Capital 8.10% Becoming
Vita Group VTG $78.7M Spheria Asset Management 19.16% Increasing
Universal Stores UNI $565.1M Spheria Asset Management 5.07% Becoming
MSL Solutions MSL $94.6M Microequities 10.07% Increasing
Service Stream SSM $508.2M Allan Gray 6.72% Increasing
A2B Australia A2B $165.0M Spheria Asset Management 18.25% Increasing
Monadelphous MND $878.9M Spheria Asset Management 5.03% Becoming
BWX BWX $725.6M QVG Capital 5.11% Becoming
Resources & Energy Group REZ $26.5M Magnolia Capital 9.21% Becoming
Experience Co EXP $242.1M Richmond Hill Capital 6.75% Increasing
Lycaon Resources LYN $16.5M Inyati Fund 7.26% Becoming
Australian Rare Earths AR3 $40.8M IOOF 5.90% Becoming
A2B Australia A2B $163.8M Pinnacle 5.15% Becoming
Advanced Braking Technology ABV $12.2M Keith Knowles 30.11% Increasing
Orora ORA $2.9B Yarra Management 5.10% Becoming
Genworth GMA $948.8m Vinva Investment Management 5.01% Becoming
Adairs ADH $578.2M Vinva Investment Management 5.05% Becoming
Inghams ING $1.3B Vinva Investment Management 5.04% Becoming
Emeco EHL $556.9M Vinva Investment Management 5.10% Becoming
Virtus VRT $461.0M Vinva Investment Management 5.14% Becoming
Super Retail Group SUL $2.8B Vinva Investment Management 5.09% Becoming

The hot run of ASX IPOs continued in November and two recent listees saw shareholders that bought in at IPO, top up their holdings on market.

Neobank Judo (ASX:JDO) counts UniSuper as a substantial holder and in the first fortnight of its listing, it increased its holdings from 5.69% to 6.76%. It bought nearly 12 million more shares and forked out ~$26.73 million.

Another was biotech Tissue Repair (ASX:TRP) which dropped on debut but saw co-founder Tony Charara buy another $49,365 in the first four days of trading, taking his stake to over 8%.

Spheria Asset Management made a number of moves including accumulating a 5.03% stake in casual fashion retailer Universal Stores (ASX:UNI) and mining engineering company Monadelphous (ASX:MND).

Bennelong Funds Management became a 5.72% shareholder in City Chic Collective (ASX:CCX) while Perennial took its existing stake in MoneyMe (ASX:MME) to just over 10%.

GTI Resources (ASX:GTR), a company with interests in uranium and gold, saw Tolga Kumova top up his holdings by ~$509,000.

Sellers

Company Code Market Cap Holder Current Stake Status
Cashrewards CRW $87.1M Alium Alpha Fund 8.56% Decreasing
Austin Engineering ANG $122.1M Spheria Asset Management 6.65% Decreasing
Green Technology Metals GTG $38.8M Perennial 6.10% Decreasing
Imdex IMD $1.1B L1 Capital 8.95% Decreasing
Nuheara NUH $34.5M Perennial 5.72% Decreasing
Booktopia BKG $309.1M Perennial 5.96% Decreasing
Lynch Group LGL $413.8M Bennelong Funds Management 5.13% Decreasing
Westgold Resources WGX $923.3M Fidelity 5.75% Decreasing
Inghams ING $1.3B Yarra Management <5% Ceasing
Vita Group VTG $78.7M Ryder Capital <5% Ceasing
Nine NEC $5.1B Fidelity <5% Ceasing
Imdex IMD $1.1B L1 Capital 7.65% Decreasing
ImpediMed IPD $310.8M Allan Gray 5.37% Decreasing

Sales by Perennial included in hearing aids company Nuheara (ASX:NUH) and online book outlet Booktopia (ASX:BKG).

Bennelong reduced its stake in Lynch Group (ASX:LGL) while Fidelity ceased to be a substantial holder in Nine (ASX:NEC).

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