And if you want proof that Nominees can hide big fund managers...

And if you want proof that Nominees can hide big fund managers look no further than Syrah. OK the table didn't copy but look at the Substantial Shareholder Note at the very bottom.

Both Australian Super (you dont get much bigger being the largest Super/Pension Fund in Australia having 1 in 10 of the Australian workforce as members) and Paradice are hidden behind nominees

So it's wrong to claim that nominees are only retail investors

EQUITY SECURITY HOLDERS
TOP 20 LARGEST QUOTED SECURITY HOLDERS AS AT 22 MARCH 2021
The names of the twenty largest security holders of quoted equity securities are listed below:
RANK NAME UNITS % OF UNITS
1. J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 111,664,246 22.44
2. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 67,940,983 13.65
3. CITICORP NOMINEES PTY LIMITED 35,952,291 7.22
4. BNP PARIBAS NOMS PTY LTD <DRP> 16,491,666 3.31
5. NATIONAL NOMINEES LIMITED 15,592,960 3.13
6. COPPER STRIKE 9,141,369 1.84
7. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED <NT-COMNWLTH SUPER
CORP A/C>
7,367,398 1.48
8. BRISPOT NOMINEES PTY LTD <HOUSE HEAD NOMINEE A/C> 3,851,073 0.77
9. BNP PARIBAS NOMINEES PTY LTD <AGENCY LENDING DRP A/C> 3,736,329 0.75
10. BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT DRP> 3,377,292 0.68
11. MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 2,960,688 0.59
12. CS THIRD NOMINEES PTY LIMITED <HSBC CUST NOM AU LTD 13 A/C> 2,890,995 0.58
13. MS QIONGQIONG HU 2,620,945 0.53
14. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 2,435,176 0.49
15. BNP PARIBAS NOMINEES PTY LTD SIX SIS LTD <DRP A/C> 2,144,360 0.43
16. MR ZIDONG CAO + MRS QIONGQIONG HU <WEHEALTH FUND A/C> 2,130,000 0.43
17. MR ZIDONG CAO 2,087,850 0.42
18. UBS NOMINEES PTY LTD 1,762,395 0.35
19. NATIONAL NOMINEES LIMITED <DB A/C> 1,708,301 0.34
20. MASFEN SECURITIES LIMITED 1,603,714 0.32

SUBSTANTIAL HOLDERS
Substantial holders in the Company, as disclosed in substantial holder notices given to the Company, are set out below:
RANK NAME UNITS
1. Australian Super Pty Ltd 68,292,583
2. Paradice Investment Management Pty Ltd 37,714,532
3. Bruce N Gray 35,943,668