Spear Reit Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

JSE:SEA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
05 Nov 25	BuyR231,420	Christiaan Barnard	Individual	21,000	R11.02
04 Nov 25	BuyR90,722	Quintin Rossi	Individual	7,847	R11.61
29 Oct 25	BuyR97,706	Quintin Rossi	Individual	8,700	R11.30
23 Oct 25	BuyR97,648	Quintin Rossi	Individual	8,750	R11.25
29 Aug 25	SellR948,192	Quintin Rossi	Individual	92,596	R10.25
06 Aug 25	BuyR24,480	Quintin Rossi	Individual	2,400	R10.20
30 Jul 25	BuyR106,285	Quintin Rossi	Individual	10,370	R10.28
16 Jul 25	BuyR102,000	Christiaan Barnard	Individual	10,000	R10.20
11 Jun 25	BuyR209,526	Christiaan Barnard	Individual	20,000	R10.65
28 May 25	BuyR71,414	Quintin Rossi	Individual	7,050	R10.14
23 May 25	BuyR65,013	Quintin Rossi	Individual	6,700	R9.72
27 Jan 25	BuyR22,180	Christiaan Barnard	Individual	2,300	R9.64
20 Jan 25	BuyR27,306	Quintin Rossi	Individual	2,846	R9.62

Insider Trading Volume

Insider Buying: SEA insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of SEA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	51,565,884	13%
General Public	144,708,698	36.6%
Institutions	199,483,963	50.4%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 48.1%.

Top Shareholders

Top 25 shareholders own 63.08% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.5%	Coronation Fund Managers Limited	41,376,415	R455.1m	0%	0.18%
7.57%	36one Asset Management (Pty) Ltd.	29,944,533	R329.4m	0%	1.16%
6.94%	Old Mutual Investment Group South Africa (Pty) Limited	27,483,413	R302.3m	0%	0.05%
4.84%	Prescient Investment Management Pty Ltd	19,165,489	R210.8m	0%	2.39%
4.71%	Foord Asset Management (Pty) Limited	18,626,927	R204.9m	0%	2.53%
4.68%	Nedgroup Investments	18,510,969	R203.6m	0%	6.67%
4.34%	Michael Flax	17,163,324	R188.8m	0%	no data
3.88%	Abubaker Varachhia	15,359,683	R169.0m	0%	no data
3.86%	Investec Wealth & Investment Management (Pty) Ltd	15,274,472	R168.0m	20.8%	1.0%
2.46%	Grindrod Asset Management (Pty) Ltd.	9,750,000	R107.2m	-13.4%	8.09%
2.24%	Bongani Raziya	8,854,950	R97.4m	0%	no data
2.08%	Quintin Rossi	8,223,730	R90.5m	-0.66%	no data
1.17%	STANLIB Asset Management (Pty) Limited	4,613,230	R50.7m	2.21%	0.15%
0.64%	Counterpoint Boutique Pty Ltd	2,550,000	R28.0m	-37.2%	1.12%
0.64%	Polaris Capital South Africa	2,540,922	R28.0m	0%	0.16%
0.47%	Plexus Wealth	1,875,000	R20.6m	2.58%	3.86%
0.44%	Wealthpoint Capital (Pty) Ltd	1,729,563	R19.0m	0%	6.43%
0.34%	Brian Goldberg	1,342,813	R14.8m	0%	no data
0.32%	Harvard House Investment Management (Pty) Ltd.	1,250,000	R13.8m	0%	2.26%
0.24%	Sesfikile Capital (Pty) Ltd	960,148	R10.6m	-52%	0.07%
0.24%	All Weather Capital (Pty) Ltd	947,671	R10.4m	34%	0.25%
0.2%	Boutique Collective Investments (Pty) Ltd.	779,042	R8.6m	0%	0.31%
0.13%	Momentum Multi-Manager (Pty) Ltd	525,083	R5.8m	0%	0.05%
0.13%	Christiaan Barnard	503,600	R5.5m	6.56%	no data
0.077%	Stanlib Multi-Manager Ltd.	302,871	R3.3m	0%	0.07%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/17 03:17
End of Day Share Price	2025/11/14 00:00
Earnings	2025/08/31
Annual Earnings	2025/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spear Reit Limited is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francois Du Toit	Anchor Stockbrokers Proprietary Limited
Lwando Ngubentombi	Anchor Stockbrokers Proprietary Limited
Trinity Ngobeni	Anchor Stockbrokers Proprietary Limited