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Three live signals derived from real-time NZX Substantial Product Holder (SPH) notices, extracted to structured data via Claude Haiku 4.5. Updated within 24h of each NZX announcement.
NZX issuers ranked by net change in substantial holder count. Negative net change suggests institutional divestment may be occurring; this is a data signal, not a trading recommendation.
Events where ≥3 nominee/custodian entities crossed substantial-holder thresholds on the same issuer within a one-week window. Pattern suggests register restructuring — block trades, scheme of arrangement, or major secondary issue. Not a financial advice signal.
Substantial holders that crossed above (5%/10%/20% accumulation) or below (divestment) regulatory thresholds in the last 90 days. Sourced directly from SHINTR notices.
Per-quarter sum of voting % deltas across all NZX issuers. Positive net = aggregate accumulation; negative = aggregate divestment. Includes top buyer/seller per quarter by single-disclosure size.
| Quarter | Net Δ % | Buys | Sells | New SH | Ceased | Top Buyer | Top Seller |
|---|---|---|---|---|---|---|---|
| 2026 Q3 | 0.0% | 0 | 0 | 1 | 0 | — | — |
| 2026 Q2 | 0.0% | 0 | 0 | 93 | 10 | — | — |
Average forward stock returns 30/60/90/180 days after a substantial-holder threshold crossing, by direction × threshold band. Backtest cohort: last 36 months. Backward-looking historical statistics — not a trading recommendation, not adjusted for survivorship or sector beta.
| Cohort | Events | Avg 30d | Avg 60d | Avg 90d | Avg 180d |
|---|---|---|---|---|---|
| above_10-20% | 5 | +6.6% | +6.3% | +1.3% | +6.2% |
| above_20%+ | 6 | -5.5% | -8.1% | -9.5% | +8.1% |
| above_5-10% | 618 | +1.8% | +1.7% | +6.4% | +14.6% |
Data sourced from publicly available NZX disclosures. Our datasets may not be complete. Automated analysis can produce errors. Past performance does not indicate future results. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
| BPG |
| Black Pearl Group Limited |
| 3 |
| 3 |
| 0 |
| WIN | Winton Land Limited | 4 | 4 | 0 |
| CVT | Comvita Limited | 3 | 5 | +2 |
| ERD | EROAD | 4 | 7 | +3 |
| DOW | Downer EDI Limited | 7 | 12 | +5 |
| VNT | Ventia Services Group Limited | 3 | 9 | +6 |
| CEN | Contact Energy Limited | 6 | 13 | +7 |
| 5.00% |
| 11 Jun 2026 | Above | SPG | Westpac Banking Corporation - Westpac WHS Property | 5.00% |
| 11 Jun 2026 | Above | THL | BGH Capital IIA Pty Ltd (trustee for BGH Capital Trust IIA), BGH Capital IIB Pty Ltd (trustee for BGH Capital Trust IIB), BGH Capital Offshore GP II Limited (general partner of BGH Capital Offshore II, LP), BGH Capital Pty Ltd | 5.00% |
| 4 Jun 2026 | Above | ERD | Anthony Henry Kandziora | 5.00% |
| 4 Jun 2026 | Above | SAN | Ngāi Tahu Investments Limited (NTIL) | 5.00% |
| 4 Jun 2026 | Above | SAN | Forsyth Barr Investment Management Limited (FBIM) | 5.00% |
| 3 Jun 2026 | Above | SAN | Forsyth Barr Group Limited (FBGL) | 5.00% |
| 2 Jun 2026 | Above | GTK | Regal Partners Funds Management Pty Limited | 5.00% |
| 26 May 2026 | Above | ERD | Regal Partners Funds Management Pty Limited | 5.00% |
| 20 May 2026 | Above | CEN | Infratil Investments Limited | 5.00% |
| 18 May 2026 | Above | CVT | F&N Ventures Pte. Ltd. | 5.00% |
| 16 May 2026 | Above | PFI | Craigs Investment Partners Limited | 5.00% |
| 15 May 2026 | Above | VNT | TAL Dai-ichi Life Australia Pty Ltd and associates (Daiichi Life Group, Inc and Daiichi Controlled Entities) | 5.00% |
| 13 May 2026 | Above | AGL | Simon Alexander Hull and David John Graeme Cox, as trustees of The S. A. Hull Family Trust No. 2 | 5.00% |
| 12 May 2026 | Above | WBC | STATE STREET CORPORATION AND SUBSIDIARIES | 5.00% |
| 7 May 2026 | Above | DOW | MACQUARIE INVESTMENT SERVICES LIMITED (MISL) | 5.00% |
| 1 May 2026 | Above | TAH | Logan Investment Trust | 5.00% |
| 20 Apr 2026 | Above | ATM | J.P. MORGAN SECURITIES PLC | 5.00% |
| 17 Apr 2026 | Above | ATM | J.P. Morgan Chase & Co. and its affiliates | 5.00% |
| 16 Apr 2026 | Above | CVT | Kauri NZ Investment Limited | 5.00% |
| 16 Apr 2026 | Below | CVT | China Resources Enterprise, Limited | 6.25% |
| 13 Apr 2026 | Above | DOW | Perpetual Limited - PFSL | 5.00% |
| 13 Apr 2026 | Below | VNT | Macquarie Bank Limited | 0.00% |
| 11 Apr 2026 | Above | SPG | FirstCape Group Limited - Harbour | 5.00% |
| 2026 Q1 |
| -85.4% |
| 0 |
| 12 |
| 108 |
| 16 |
| — |
| WIN (-49.3%) |
| 2025 Q4 | -452.8% | 1 | 25 | 74 | 30 | State Street Australia Ltd ACF Australian Ethical Investment (+2.1%) | Finaccess Restauración, S.L. (-93.0%) |
| 2025 Q3 | +28.1% | 21 | 12 | 37 | 39 | JP Morgan Nominees Australia Limited (+12.3%) | Jarden Australia Pty Limited (-14.2%) |
| 2025 Q2 | -223.0% | 3 | 19 | 43 | 31 | ANZ New Zealand Investments Limited (+3.4%) | CDL Hotels Holdings New Zealand Limited (-78.7%) |
| 2025 Q1 | -21.6% | 1 | 10 | 21 | 27 | Goodman Funds Management Limited (+2.4%) | Lynn Landmark Michel and Mat Floyd Trustee Co (No1) Limited as trustees of The Bedford Trust (-16.4%) |
| 2024 Q4 | -140.1% | 3 | 21 | 51 | 22 | Bright Dairy Holding Limited (+26.1%) | David (Yusuke) Sena and Tompkins Wake Trustees 2022 Limited (as trustees of the Sena Family Trust) (-75.9%) |
| 2024 Q3 | -131.3% | 4 | 20 | 39 | 19 | ANZ Bank New Zealand Limited (+3.4%) | The PH Masfen Charitable Trust (-20.1%) |
| 2024 Q2 | -77.9% | 1 | 18 | 59 | 22 | State Street Corporation and subsidiaries (+2.0%) | Spheria Asset Management Pty Ltd (-13.9%) |
| 2024 Q1 | -90.7% | 1 | 11 | 21 | 17 | Bartel Holdings Limited (+1.0%) | Trinity Portfolio Limited (-15.9%) |
| 2023 Q4 | -33.1% | 1 | 7 | 21 | 15 | Cecilia Charlotte Louise Robinson, James Charles Robinson and Heimsath Alexander Trustee Limited (as trustees of the APL Holdings Trust) (+1.9%) | ASB Bank Limited (-17.4%) |
| 2023 Q3 | -9.3% | 2 | 5 | 19 | 14 | Dr Jens Neiser (+2.3%) | Elders Limited (-6.3%) |
| 2023 Q2 | -3.7% | 0 | 3 | 3 | 3 | — | Commonwealth Bank of Australia (-1.7%) |
| below_10-20% | 15 | -1.2% | +4.1% | +7.3% | +3.7% |
| below_20%+ | 28 | -3.1% | +2.6% | +9.1% | +12.3% |
| below_5-10% | 233 | +4.3% | +6.0% | +15.8% | +9.8% |