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
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
24 Oct 24	BuyR38,500	Quintin Rossi	Individual	4,000	R9.70
24 Oct 24	BuyR149,935	Christiaan Barnard	Individual	15,700	R9.55
07 Aug 24	BuyR20,862	Quintin Rossi	Individual	2,316	R9.10
19 Jun 24	BuyR10,284	Kim Pfaff-Karg	Individual	1,200	R8.57
12 Jun 24	BuyR46,320	Quintin Rossi	Individual	5,500	R8.44
05 Jun 24	BuyR63,744	Quintin Rossi	Individual	7,600	R8.42

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of SEA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	51,559,413	16.1%
General Public	90,611,863	28.3%
Institutions	178,228,663	55.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.2%.

Top Shareholders

Top 25 shareholders own 71.43% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.35%	36one Asset Management (Pty) Ltd.	29,944,533	R314.7m	31.2%	1.51%
8.58%	Old Mutual Investment Group South Africa (Pty) Limited	27,483,413	R288.9m	30.1%	0.05%
5.98%	Prescient Investment Management Pty Ltd	19,165,489	R201.4m	0%	2.18%
5.81%	Foord Asset Management (Pty) Limited	18,626,927	R195.8m	38.5%	2.21%
5.78%	Nedgroup Investments	18,510,969	R194.6m	12.1%	8.75%
5.36%	Michael Flax	17,163,324	R180.4m	0%	no data
4.79%	Abubaker Varachhia	15,359,683	R161.4m	0%	no data
4.6%	Coronation Fund Managers Limited	14,744,955	R155.0m	0%	0.06%
3.92%	Investec Wealth & Investment Management (Pty) Ltd	12,554,707	R132.0m	0%	0.94%
3.65%	Grindrod Asset Management (Pty) Ltd.	11,704,411	R123.0m	0%	9.68%
2.76%	Bongani Raziya	8,854,950	R93.1m	0%	no data
2.58%	Quintin Rossi	8,278,259	R87.0m	0.17%	no data
2.01%	STANLIB Asset Management (Pty) Limited	6,447,713	R67.8m	0%	0.2%
1.71%	Counterpoint Boutique Pty Ltd	5,479,046	R57.6m	0%	2.27%
0.79%	Polaris Capital South Africa	2,540,922	R26.7m	0%	0.14%
0.78%	Wealthpoint Capital (Pty) Ltd, asset Management Arm	2,508,605	R26.4m	0%	7.8%
0.68%	Sesfikile Capital (Pty) Ltd	2,194,273	R23.1m	0%	0.19%
0.57%	Plexus Wealth	1,827,885	R19.2m	0%	3.72%
0.42%	Brian Goldberg	1,342,813	R14.1m	0%	no data
0.37%	Harvard House Investment Management (Pty) Ltd.	1,185,000	R12.5m	0%	2.33%
0.28%	All Weather Capital (Pty) Ltd	899,737	R9.5m	0%	0.33%
0.23%	Ashburton (Jersey) Limited	747,329	R7.9m	0%	0.07%
0.16%	Momentum Outcome-based Solutions (Pty) Ltd.	525,083	R5.5m	0%	0.07%
0.14%	Christiaan Barnard	442,600	R4.7m	0%	no data
0.1%	Investment Solutions Ltd.	333,136	R3.5m	0%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/02 04:07
End of Day Share Price	2025/06/02 00:00
Earnings	2025/02/28
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

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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 2 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