Hunter Hall were selling down big time for an extended period...

Hunter Hall were selling down big time for an extended period prior to the half-year results. Its holding peaked at 33% in November 2011 and it dropped below the 5% disclosure level in November 2015.

At one stage it was selling because it claimed that the size of its SRX holding was above fund limits for a single stock, but it continued to sell long after this was an issue.

That said, its holding (as represented as a % of its fund) has remained stable over the past couple of months, so I don't think its contributed to the recent bout of selling. I also don't think that David Buckland and Peter Hall see eye to eye in recent years, so the fact that one of them is selling doesn't mean that the other would be too ...