China Securities Co.Ltd(601066) when analyzing the heavy position holdings of active funds in the first quarter, it is pointed out that the market value of heavy position holdings of active funds generally decreased, the position on the gem increased for three consecutive quarters, and the position on the main board has decreased to the historical quantile level of 28.5%. The allocation of active funds to Hong Kong stocks has continued to improve since the mid-2019 report, and the Hong Kong stock position has increased to 4.83% in 2020q1. CITIC’s growth style position increased significantly month on month, and its financial style position decreased significantly. The shareholding style continues to grow on a small scale. From the industry level, the market value of pharmaceutical and Technology Holdings increased significantly, and the positions of financial, real estate and consumption (excluding medicine) decreased significantly. At the level of secondary industries, the proportion of fund holdings in sub industries such as computer applications, medical devices, chemical pharmaceuticals and biological products has increased significantly, and sub industries such as banking, white household appliances, insurance, beverage manufacturing and electronic manufacturing have been reduced by active funds. The shareholding concentration continued to fall, adding medicine, reducing positions in household appliances and banks.
(First Finance)
