Current investment tips:
Allocation of the top 20 heavyweight stocks of the Fund: from the previous 20 heavyweight stocks, the stock market value of the top 20 heavyweight stocks allocated by the fund accounted for the market value of the fund’s stock investment, continuing the month on month downward trend of the previous quarter. The stock market value of the top 20 heavyweight stocks in 2022q1 accounted for 16.74% of the market value of the fund’s stock investment, down 0.6pct from 21q4, and the position concentration has continued to decline in the past year.
Allocation of food and beverage stocks among the top 20 big warehouse stocks: in the first quarter of 2022, among the top 20 big warehouse stocks of fund allocation, in the first quarter of 2022, there are five stocks in the food and beverage sector among the top 20 big warehouse stocks in the first quarter of 2022. Among the top 20 big warehouse stocks of the first quarter of the first quarter of 2022, among the top 20 of the first quarter of 2022, there are five stocks in the food and beverage sector, which are respectively Hna Infrastructure Investment Group Co.Ltd(600515) 19, Hna Infrastructure Investment Group Co.Ltd(600515) 19 \ \thefirst and Sixth, seventh, tenth and thirteenth. 22q1 Kweichow Moutai Co.Ltd(600519) shares accounted for 2.67% of the market value, up 0.1pct month on month 22q1 Wuliangye Yibin Co.Ltd(000858) shares accounted for 0.90% of the market value, down 0.31pct month on month, but still higher than the average level of 0.81% since 2009 Luzhou Laojiao Co.Ltd(000568) current allocation level was 0.86%, down 0.15pct month on month, returning to 21q3 level Inner Mongolia Yili Industrial Group Co.Ltd(600887) current allocation level is 0.51%, with a month on month increase of 0.04pct, but it has been continuously lower than the average level of 0.78% since 2009 in the past two years.
The number of food and beverage holding funds: the first 10 quarters of the fund were 8 Baijiu and 2 popular food companies in the first quarter of 2022. Compared with the previous quarter, the Baijiu company increased by 2, Jiugui Liquor Co.Ltd(000799) and Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) respectively, while reducing 1 Shede Spirits Co.Ltd(600702) . Volkswagen products company reduced by 1 Angel Yeast Co.Ltd(600298) . 22q1 Kweichow Moutai Co.Ltd(600519) held 1788 funds, up 72 month on month Wuliangye Yibin Co.Ltd(000858) held 657 funds, down 221 month on month Luzhou Laojiao Co.Ltd(000568) the number of funds held was 493, with a month on month decrease of 138 Inner Mongolia Yili Industrial Group Co.Ltd(600887) held 617 funds, down 8 month on month.
The sector is still oversubscribed: from the position in the first quarter of 2022, the ratio of the stock market value of heavy position stocks in the food and beverage sector to the market value of fund stock investment (heavy position caliber) was 13.49%, down 1.28pct month on month, at the lowest level since 20q3, but still at a relatively high level since 09. The proportion of food and beverage sector in the circulation market value of all A-Shares was 8.02%, down 0.89pct month on month, still in the high quantile since 2009. The allocation coefficient of the food and beverage sector was 1.68, with a slight increase of 0.02, lower than the average level since 2009, but the sector is still in an over allocation state. In the first quarter of 2022, the value of the stock market of Baijiu heavy liquor stocks accounted for 11.25% of the stock market investment, and the ratio was 1.12pct, which was the lowest level since 20Q3, but it is still at a higher level since 09. Baijiu sector accounted for 5.90% of all A shares in circulation market value, a decrease of 0.73pct. The allocation coefficient of Baijiu sector was 1.91, and the chain ratio increased by 0.04, lower than the average since 2009, but the sector is in the super distribution state. Since 2009, the allocation coefficient of Baijiu sector reached 4.39 at 12Q1, reaching 0.52 at 15Q1, and the mean level was in the first quarter of 2.142022. The value of the stock market (non Baijiu) in the stock market was 2.40%, and the ratio of the stock market was 2.40%, which was lower than 0.15pct in the month, lower than the average since 2009. The allocation coefficient of food sectors (non Baijiu) was 1.06, and the ratio of annulus was 0.01, which was lower than the average value of 2 since 2009.
Changes in capital holdings of individual stocks going north: in the first quarter of 2022, among the main individual stocks of food and beverage, Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) and other individual stocks, the shareholding proportion of Shanghai Shenzhen Hong Kong stock connect decreased Luzhou Laojiao Co.Ltd(000568) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , Beijing Shunxin Agriculture Co.Ltd(000860) , Foshan Haitian Flavouring And Food Company Ltd(603288) , Tsingtao Brewery Company Limited(600600) , Henan Shuanghui Investment & Development Co.Ltd(000895) and other individual stocks increased the shareholding proportion of Shanghai Shenzhen Hong Kong stock connect. Among them, Beijing Shunxin Agriculture Co.Ltd(000860) increased the most, 0.78pct; While Inner Mongolia Yili Industrial Group Co.Ltd(600887) takes the decline of 0.89 PCT as the largest decline.
