Ann: Top Holder Report, page-3

I don't think Blackwood sold any shares last month dwjd.
Have a look at Monex Boom. Looks like a transfer of ownership or something like that. Besides, I'm pretty sure that less than 2mn shares were traded last month so even if every share sold was Blackwood, they still couldn't have disposed of 2mn.
The top 20 has barely changed for several years (with the exception of Moran and D'Anna), because large holders know that the value of the business is at least 5x the current market price.