On January 23, Xingzheng Global Fund and Jingshun Great Wall Fund released the fourth quarter report of 2021. The investment direction of top flow fund managers such as Xie Zhiyu, Dong Chengfei and Liu Yanchun finally surfaced.
Xingquan LOF (mixed), Xingquan run, Xingquan trend and other four seasons "technology sense" is full, fast, Wingtech Technology Co.Ltd(600745) new Kwai Hing, the best mix (LOF) top ten heavy warehouse stocks list, Kwai Fu is the second largest heavy position.
In Liu Yanchun's management, the top ten heavy warehouse stocks of LOF, the top three of the top three, are all Baijiu shares, and the positions are all above 9%. However, due to the decline of positions in the fourth quarter, Kweichow Moutai Co.Ltd(600519) and Luzhou Laojiao Co.Ltd(000568) decreased.
Xie Zhiyu, "Hao Kwai" quick
According to the four seasons report, the scale of Xingquan Heyi hybrid (LOF) managed by Xie Zhiyu and Yang Shijin at the end of the fourth quarter of 2021 was 27.606 billion yuan. Compared with the scale of 26.561 billion yuan at the end of the third quarter of 2021, it increased by 1.045 billion yuan. At the end of the fourth quarter of 2021, the fund's stock position was 93.13%, and at the end of the third quarter, the fund's stock position was 92.70%, which increased slightly.
At the end of the fourth quarter of 2021, the top ten heavy positions of LOF were Haier Smart Home Co.Ltd(600690) , Kwai Fu, Sanan Optoelectronics Co.Ltd(600703) , Wanhua Chemical Group Co.Ltd(600309) , Mango Excellent Media Co.Ltd(300413) , Nanjing King-Friend Biochemical Pharmaceutical Co.Ltd(603707) , Amlogic (Shanghai) Co.Ltd(688099) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Shun Yu optical technology and Wingtech Technology Co.Ltd(600745) . In contrast to the three quarterly report in 2021, Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Apeloa Pharmaceutical Co.Ltd(000739) and Haier Smart Home Co.Ltd(600690) (HK shares) disappeared in the previous ten big positions, Kwai Kwai and Wingtech Technology Co.Ltd(600745) were among the top ten top ten heavily loaded positions, and the fast ones were the second largest ones.
In addition, the Xingquan Herun four seasons report managed by Xie Zhiyu shows that at the end of the fourth quarter of 2021, the fund scale was 33.406 billion yuan and the stock position was 92.78%. At the end of the third quarter, the fund scale was 28.756 billion yuan and the stock position was 92.01%. In terms of the top ten heavyweight stocks, at the end of the fourth quarter, they were Haier Smart Home Co.Ltd(600690) , Sanan Optoelectronics Co.Ltd(600703) , Wanhua Chemical Group Co.Ltd(600309) , Mango Excellent Media Co.Ltd(300413) , Wingtech Technology Co.Ltd(600745) , Amlogic (Shanghai) Co.Ltd(688099) , Nanjing King-Friend Biochemical Pharmaceutical Co.Ltd(603707) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) and Apeloa Pharmaceutical Co.Ltd(000739) .
Xingquan Heyi hybrid (LOF) top ten heavyweight stocks in the four seasons Report
Photo source: Xingquan Heyi hybrid (LOF) four seasons
Liu Yanchun reduced his position Kweichow Moutai Co.Ltd(600519)
After Dong Chengfei resigned as a fund manager, what impact did he have on the fund products he previously managed?
According to the four seasons report of Xingquan trend previously managed by Dong Chengfei, the scale was 29.880 billion yuan at the end of the fourth quarter, a decrease of 3.43 billion yuan compared with the end of the third quarter, and the stock position was 85.24%, a significant increase from 65.35% at the end of the third quarter. In addition, in the fourth quarter of 2021, six of the top ten heavy positions of Xingquan trend were replaced. Compared with the end of the third quarter, Zijin Mining Group Company Limited(601899) , Oppein Home Group Inc(603833) , Beijing New Building Materials Public Limited Company(000786) , Ping An Insurance (Group) Company Of China Ltd(601318) , Hubei Dinglong Co.Ltd(300054) , Shanghai Milkground Food Tech Co.Ltd(600882) withdrew from the top ten heavyweight stocks, Shenzhen Sunlord Electronics Co.Ltd(002138) , Wingtech Technology Co.Ltd(600745) , Huaneng Power International Inc(600011) , China National Nuclear Power Co.Ltd(601985) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , and China stock market news entered the list of the top ten heavyweight stocks.
Liu Yanchun's position is still full of "big consumption".
By the end of the fourth quarter, the scale of Jingshun Great Wall Dingyi hybrid (LOF) managed by Liu Yanchun was 21.649 billion yuan, slightly lower than 22.651 billion yuan in the third quarter. In terms of positions, the stock position ratio of the fund at the end of the fourth quarter was 89.20%, slightly lower than 90.59% at the end of the third quarter.
Specifically, the top ten heavy positions of Jingshun Great Wall Dingyi hybrid (LOF) in the fourth quarter remained unchanged compared with the third quarter, namely Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , China Tourism Group Duty Free Corporation Limited(601888) , Wuxi Apptec Co.Ltd(603259) , Anhui Gujing Distillery Company Limited(000596) , Guangdong Haid Group Co.Limited(002311) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Aier Eye Hospital Group Co.Ltd(300015) .
Among them, Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) all held more than 9%. Although Kweichow Moutai Co.Ltd(600519) increased from the second largest heavy position shares to the first heavy position shares, the number and proportion of shares held in the fourth quarter were 1032200 shares and 9.77% respectively, down from 1218700 shares and 9.85% in the third quarter. At the end of the third quarter, the number and proportion of the first heavy position shares Luzhou Laojiao Co.Ltd(000568) were 10.1 million shares and 9.88% respectively, and decreased to 8 million shares and 9.48% respectively in the fourth quarter, becoming the third largest heavy position shares.
Photo source: Jingshun Great Wall Dingyi mixture (LOF) four seasons
"the most difficult stage is over"
In addition to disclosing positions, the four seasons also talked about the operation strategy of the fund.
Xingquan trend four seasons pointed out that under the medium and long-term background of economic restructuring, major adjustment of energy structure and technological progress promoting the electronization of social life, some industries will definitely benefit from this trend in the next few years, and many high-level investment opportunities will emerge.
According to the four seasons report of Xingquan Heyi hybrid (LOF), the fund continued to adhere to the operation concept of selecting individual stocks from bottom to top during the reporting period, mainly focusing on the company's core competitiveness and balancing the company's short-term valuation and long-term value. In the future, we will continue to look for investment targets with good cost performance, and pay attention to excellent companies in the long-term development direction.
Looking forward to the future, Liu Yanchun said frankly that the most difficult stage of investment has passed, the market style will be rebalanced in 2022, and the investment side lagging behind the recovery of consumption is expected to gradually return to normal. Excellent companies with short-term headwind have great investment value.
Liu Yanchun pointed out that from a global perspective, the investment side lagging behind the recovery of consumption is expected to gradually return to normal, and the market style will be rebalanced. As the counter cyclical policy gradually develops, the downward cycle is expected to end and usher in an upward turning point, and many industries will usher in a boom reversal. Industries and companies with long-term and short-term logical resonance are expected to usher in good performance in the new year.
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