Change in substantial holdings for 21/8/2014

Change in substantial holdings for 21/8/2014. The images attached show the change in substantial holdings for the previous days trading. Small cap manager Pie Funds have emerged with a 10% position in telecommunications company Reverse Corp (REF). Following poor results this reporting season there has been big movement on the register of Transpacific Holdings (TPI). BT Investment Management have exited their substantial holding, however, Perpetual have added to their already substantial position. The register at BC Iron continues to change with Australian Super the latest of a number of institutions exiting their substantial position. The full list including percentages can be found on the attached images.

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