29Metals substantial holders

Substantial holdings are the voting power stated in each holder's latest ASX notice (Corporations Act s671B, Forms 603, 604 and 605), read from the notice PDF. A holding is shown until a later notice read says it changed or ceased; the date is the notice's, and "current" means the newest notice we could read. A notice whose voting power cannot be read unambiguously (a scanned form, a figure only in an annexure) is withheld, never estimated.

Holders' interests can overlap: MUFG reports Morgan Stanley's and First Sentier's interests as its own. Sums count each interest once where the overlap is known (a group and its member count the larger figure; two notices disclosing the same voting power on the same date count once), and every holder is still listed. Other overlaps remain, so a sum is what the notices disclose, not a share of the company. Banks' and brokers' notices are often securities lending, so crowded registers do not count them. A fall in voting power is a fall in the notice's figure, not necessarily a disposal: a placement dilutes a holder whose shares did not change.

Index fund holdings are the funds' own holdings files (Vanguard's are the pooled fund behind each ETF); super fund holdings are each fund's portfolio holdings disclosure for one investment option, not the whole fund. Short interest is ASIC's daily short position report. Not financial advice.