Zhu Changxiao has invested in the evergreen tree management for more than 16 years. In the fourth quarter of 2021, it kept operating at high stock positions and added high-end Baijiu, electronics and medicine stocks.
On January 23, the fourth quarter report of 2021 released by Wells Fargo Tianhui showed that Wells Fargo Tianhui maintained a high position operation of 93.53% at the end of the fourth quarter of 2021, a slight increase from 93.42% at the end of the third quarter of 2021.
In terms of performance, during the reporting period, the growth rate of Fuguo Tianhui’s net worth was 3.64% at level a / B and 3.43% at level C. in the same period, the benchmark return on performance was 1.26% at level a / B and 1.26% at level C.
In terms of individual stock positions most concerned by investors, by the end of the fourth quarter of 2021, the top ten heavy positions of Wells Fargo Tianhui were: Kweichow Moutai Co.Ltd(600519) (600519. SH), Will Semiconductor Co.Ltd.Shanghai(603501) (603501. SH), Contemporary Amperex Technology Co.Limited(300750) (300750. SZ), Inner Mongolia Yili Industrial Group Co.Ltd(600887) (600887. SH), Bank Of Ningbo Co.Ltd(002142) (002142. SZ), Wuliangye Yibin Co.Ltd(000858) (000858. SZ), Luxshare Precision Industry Co.Ltd(002475) (002475. SZ), Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) (300760. SZ), Shandong Sinocera Functional Material Co.Ltd(300285) (300285. SZ), Changchun High And New Technology Industries (Group) Inc(000661) (000661. SZ).
Among them, Zhu Shaoxing increased his position in five stocks in the fourth quarter of 2021, including Kweichow Moutai Co.Ltd(600519) for the fourth consecutive quarter, Contemporary Amperex Technology Co.Limited(300750) for the second consecutive quarter, Inner Mongolia Yili Industrial Group Co.Ltd(600887) for the top ten heavyweights, Bank Of Ningbo Co.Ltd(002142) for repeated regulatory fines in 2021 and Wuliangye Yibin Co.Ltd(000858) for the fifth consecutive quarter.
In addition, Changchun High And New Technology Industries (Group) Inc(000661) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Luxshare Precision Industry Co.Ltd(002475) were included in the top ten heavy positions by Zhu Shaoxing, while Shenzhen S.C New Energy Technology Corporation(300724) , Yantai Jereh Oilfield Services Group Co.Ltd(002353) , Shanghai Baosight Software Co.Ltd(600845) fell out of the top ten heavy positions.
Among the top ten heavyweight stocks, Zhu Shaoxing only reduced his holdings of one stock in the fourth quarter of 2021. It is a semiconductor concept stock Will Semiconductor Co.Ltd.Shanghai(603501) , which closed up 28.09% in the fourth quarter of 2021.
For his operation in the fourth quarter of 2021, Zhu Shaoxing’s views in the fourth quarter newspaper are in strong consistency with those before. He wrote: the growth rate of the real economy in the fourth quarter is under pressure. Downstream consumption continued to be sluggish, the water temperature of real estate decreased rapidly, and the price of upstream resource goods was corrected. Credit risk appeared and monetary policy picked up. In this macro context, we will pay more attention to the quality of listed companies and hope that the production and operation of the investment target will be more robust. The advantage is that in the core assets, the early share price of some high-quality targets has retreated significantly, and the valuation attraction has increased. In the future, we will still be committed to finding value in high-quality stocks and turning more “stones”.
Zhu Shaoxing still said that he did not have the reliable ability to accurately predict the short-term trend of the market, but focused on patiently collecting excellent companies with great prospects and waiting for the realization of the value created by the company itself and the periodic return of market sentiment.
At the level of individual stock selection, Zhu Shaoxing revealed that the fund prefers to invest in enterprises with good “enterprise gene”, perfect corporate governance structure and excellent management. Such enterprises have a greater probability of creating value for investors in the future. Sharing the capital market returns brought by the growth of enterprises is the best way for growth funds to obtain returns.
Although many investment leaders had negative performance in 2021, Wells Fargo Tianhui a finally realized a positive return of 0.62% in 2021. By the end of 2021, the cumulative income of Wells Fargo Tianhui growth a / B share since its establishment has reached 2068.51%, and the benchmark yield of performance comparison in the same period is 338.94%.
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