The proportion of 22q1 agricultural allocation increased month on month, 0.65pct higher than the standard allocation proportion. According to the position data disclosed by the public fund recently, we use the heavy position stocks of the public fund to investigate the allocation of SW agriculture, forestry, animal husbandry and fishery sector. In 2022q1, the fund position proportion of agriculture, forestry, animal husbandry and fishery industry was 1.94%, up 0.65pct compared with 2021q4, higher than the standard allocation of agriculture, forestry, animal husbandry and fishery industry by 0.65pct, ranking 14th in the whole industry.
The proportion of heavy warehouses for breeding and planting increased. The proportion of livestock and poultry breeding and feed II heavy warehouse showed an upward trend, rising by 0.54pct and 0.16pct respectively. Due to the deep loss of Q1 pig breeding industry, the reversal expectation was gradually strengthened, and then the allocation picked up Shenzhen Agricultural Products Group Co.Ltd(000061) processing and animal health II positions decreased month on month, by 0.08% and 0.01% respectively; The position of planting industry increased slightly by 0.03pct month on month, mainly driven by the rise of bulk Shenzhen Agricultural Products Group Co.Ltd(000061) prices.
Pig stocks increased significantly, while broiler and feed stocks decreased. From the perspective of quarterly position changes, Wens Foodstuff Group Co.Ltd(300498) , Muyuan Foods Co.Ltd(002714) , New Hope Liuhe Co.Ltd(000876) , Tangrenshen Group Co.Ltd(002567) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) and other pig breeding stocks have increased their positions more; Among the feed stocks, Guangdong Haid Group Co.Limited(002311) , Wellhope Foods Co.Ltd(603609) and broiler breeding stocks, Hunan Xiangjia Animal Husbandry Company Limited(002982) , Shandong Minhe Animal Husbandry Co.Ltd(002234) , Fujian Sunner Development Co.Ltd(002299) decreased the number of shares, or it was related to the downturn of chicken price and the rise of bulk raw material price in the first quarter.
Risk tips
Shenzhen Agricultural Products Group Co.Ltd(000061) price fluctuation risk, epidemic risk, policy risk, industry competition and product risk
