The path of position adjustment of star fund managers in the first quarter is gradually emerging. In the shock adjustment of the market, Fu Pengbo, Zhu Shaoxing, Zhao Feng, Xie Zhiyu and other well-known 10 billion fund managers have taken action.
On the whole, the objects favored by star fund managers have certain commonalities: first, they have been heavily held before, and second, their performance last year was relatively bright
Ruiyuan fund targets Huafon Chemical Co.Ltd(002064)
Since September last year, Huafon Chemical Co.Ltd(002064) share price performance has been unsatisfactory, with a decline of more than 30%. Ruiyuan fund under Chen Guangming has invested billions of yuan in bets, and three veterans such as Fu Pengbo, Zhao Feng and Rao Gang have collectively dispatched.
combing the relevant announcements of listed companies and fund companies, it is found that Ruiyuan fund has been allocated Huafon Chemical Co.Ltd(002064) 158 million shares in total, with an amount of 1.347 billion yuan
From the perspective of specific allocated products, the three public fund products of Ruiyuan fund participated in the fixed increase. Specifically, the growth value of Ruiyuan managed by Fu Pengbo was allocated 5875400 shares, the balanced value of Ruiyuan managed by Zhao Feng was allocated 35252700 shares, and the stable allocation of Ruiyuan managed by Rao gang was also allocated 5875400 shares.
The above three public offering products were allocated Huafon Chemical Co.Ltd(002064) about 47 million shares in total, which means that Ruiyuan fund was allocated more than 100 million shares of special account products. It is understood that Chen Guangming is responsible for the special account department of Ruiyuan fund, and the total scale of products under management is tens of billions of yuan.
It is worth noting that after this allocation, as of March 29, Ruiyuan equilibrium value has also become the top ten shareholders of Huafon Chemical Co.Ltd(002064) Xinjin, holding 42752700 shares, indicating that Zhao Feng had previously held Huafon Chemical Co.Ltd(002064) .
Huafon Chemical Co.Ltd(002064) the fixed increase price is 8.51 yuan, and the latest closing price of Huafon Chemical Co.Ltd(002064) on April 8 is 9.12 yuan. At present, the institutions participating in the fixed increase have floating profits.
Huafon Chemical Co.Ltd(002064) said that the fixed increase fund will be used for the expansion project of differential spandex with an annual output of 300000 tons According to a research report of China Galaxy Securities Co.Ltd(601881) securities, affected by factors such as the boost of downstream market demand, the volume and price of Huafon Chemical Co.Ltd(002064) main products increased simultaneously in 2021, resulting in a significant increase in operating revenue and net profit. In particular, driven by the demand boom in the spandex industry, the product price / price difference has repeatedly hit a record high, and the profitability has increased significantly year-on-year.
top stream moves frequently
In addition to the collective mobilization of Ruiyuan fund veterans, Xie Zhiyu, Zhu Shaoxing and other 10 billion fund managers are also busy picking up chips.
Compared with the share price high in August last year, Zhuzhou Kibing Group Co.Ltd(601636) share price has fallen by more than 50%. Faced with the continuous decline of Zhuzhou Kibing Group Co.Ltd(601636) share price, Zhu Shaoxing chose to increase his position continuously.
specifically, at the end of the third quarter of last year, Fuguo Tianhui selection managed by Zhu Shaoxing grew into Zhuzhou Kibing Group Co.Ltd(601636) new top ten shareholders, with an increase of 897000 shares in the fourth quarter of last year. As of March 18 this year, compared with the end of last year, the number of shares held by Wells Fargo Tianhui selected growth has increased by 4.31 million shares again
Zhuzhou Kibing Group Co.Ltd(601636) 's main business is float glass. Last year, the company's performance was also quite bright. In 2021, the revenue was 14.57 billion yuan, a year-on-year increase of 51.1%, and the net profit attributable to the parent company was 4.23 billion yuan, a year-on-year increase of 133.4%.
In the first quarter of this year, Xie Zhiyu increased his positions by Haier Smart Home Co.Ltd(600690) . Specifically, as of March 30, compared with the end of last year, the number of Haier Smart Home Co.Ltd(600690) shares held by Xingquan Herun managed by Xie Zhiyu increased by 15685300 shares. Judging from the trend of Haier Smart Home Co.Ltd(600690) share price, the share price has fallen by more than 20% since this year Haier Smart Home Co.Ltd(600690) last year's performance was also outstanding. The company achieved a revenue of 227.56 billion yuan in 2021, with a year-on-year increase of 8.5%, and the net profit attributable to the parent company was 13.07 billion yuan, with a year-on-year increase of 47.1%.
Careful analysis shows that the targets favored by star fund managers have certain commonalities. First, most of them have been held in heavy positions before, and second, their performance last year was relatively bright. In fact, in the recent public voice of the above-mentioned star fund managers, there are traces of their logic of increasing positions.
Fu Pengbo said that usually starting from the prosperity of the manufacturing industry chain, we can deeply explore the investment opportunities of leading companies in various segments, investigate the development space of each company and the certainty of growth, and screen individual stocks in combination with valuation methods. "The periodic financial reports of listed companies have entered the disclosure period. We will dynamically optimize and adjust the combination in combination with the financial and operating data of individual stocks, taking into account the concentration and flexibility."
Xie Zhiyu also stressed that many enterprises have become very worthwhile. "At the current bottom grinding stage, stocks are not afraid to fall much, but they are afraid to fall much forever. There are many factors affecting stock price fluctuations. In the long run, they will eventually obey the fundamentals. It is not terrible to fall much in the short term. The valuation is reasonable and the fundamentals are strong. The stock price will go back. The fear is that the enterprise is not so good and the valuation is much higher than expected."
Standing at the current time point, Cheng Tao, general manager of Xiangcai fund, said frankly that Xiangcai fund is finding more and more high-quality stocks with high risk return ratio. For example, under the external impact, the adjusted high-quality growth stocks in semiconductor, computer, photovoltaic, wind power, new energy and other sectors have high configuration value. The value stocks in banking, insurance, real estate and other industries are in a significantly undervalued price range, and it will be a high probability event to usher in the mean return. In addition, there are high winning investment opportunities in pharmaceutical and biological, resource products, military industry and consumer industries deeply adjusted by the recurrence of the epidemic.
