According to the just disclosed fourth quarter report of 2021 fund, by the end of last year, Kweichow Moutai Co.Ltd(600519) had exceeded Contemporary Amperex Technology Co.Limited(300750) and became the number one heavy position stock of public funds again.
According to the statistics of Tianxiang investment adviser, the market value of Kweichow Moutai Co.Ltd(600519) held by the fund with heavy positions totaled 121.96 billion yuan, exceeding 119.96 billion yuan of Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) became the “favorite of public offering” again by a narrow margin.
Kweichow Moutai Co.Ltd(600519) return of the king
According to the statistics of Tianxiang investment adviser, by the end of 2021, the top 50 heavy positions of the fund were mainly distributed in four industries: consumer goods and services, information technology, medicine and raw materials. Among them, there are 14 companies in the consumer and service industries, including Baijiu Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) and Anhui Gujing Distillery Company Limited(000596) , Midea Group Co.Ltd(000333) and Haier Smart Home Co.Ltd(600690) of home appliances, dairy products, Inner Mongolia Yili Industrial Group Co.Ltd(600887) and duty-free leading China Tourism Group Duty Free Corporation Limited(601888) , as well as Contemporary Amperex Technology Co.Limited(300750) and 300750} in the field of new energy vehicles.
There are 14 information technology companies with heavy positions in the fund, including Luxshare Precision Industry Co.Ltd(002475) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Naura Technology Group Co.Ltd(002371) , Will Semiconductor Co.Ltd.Shanghai(603501) , Sanan Optoelectronics Co.Ltd(600703) in the field of components.
It is worth noting that affected by positive factors such as yuanuniverse, Goertek Inc(002241) share price rose sharply and was sought after by the fund.
Affected by the adjustment of the pharmaceutical sector, by the end of the fourth quarter of last year, there were only 7 pharmaceutical companies among the top 50 heavyweight stocks of the fund. The seven companies still held by the fund include Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , the leader in the field of medical devices, Aier Eye Hospital Group Co.Ltd(300015) , the leader in the field of medical services, Wuxi Apptec Co.Ltd(603259) , Hangzhou Tigermed Consulting Co.Ltd(300347) , Porton Pharma Solutions Ltd(300363) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) in the field of CXO (Pharmaceutical outsourcing), and Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) cattle stocks of traditional Chinese medicine with exclusive formula; Companies in the field of raw materials held by the fund include Wanhua Chemical Group Co.Ltd(600309) , Rongsheng Petro Chemical Co.Ltd(002493) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Tianqi Lithium Corporation(002466) .
In addition to the above companies, the top 50 heavyweight stocks of the fund also include traditional white horse blue chips such as China Merchants Bank Co.Ltd(600036) , Bank Of Ningbo Co.Ltd(002142) , Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , China Vanke Co.Ltd(000002) , Poly Developments And Holdings Group Co.Ltd(600048) .
From the market value of the fund’s heavy positions, at the end of the third quarter of 2021, Contemporary Amperex Technology Co.Limited(300750) surpassed Kweichow Moutai Co.Ltd(600519) and became the largest heavy positions of public funds. But by the end of the fourth quarter of last year, Kweichow Moutai Co.Ltd(600519) became the number one heavy position stock of the fund again.
Data show that as of the end of last year, 1378 funds held Kweichow Moutai Co.Ltd(600519) heavy positions, with a market value of 121.955 billion yuan; Contemporary Amperex Technology Co.Limited(300750) was heavily held by 1297 funds, with a total market value of 119.962 billion yuan. However, compared with Contemporary Amperex Technology Co.Limited(300750) with a total market value of 1.4 trillion yuan and Kweichow Moutai Co.Ltd(600519) with a total market value of 2.5 trillion yuan, the market value difference between the two companies held by the fund is less than 2 billion yuan.
In addition, Wuliangye Yibin Co.Ltd(000858) surpassed Wuxi Apptec Co.Ltd(603259) and became the third largest heavy position stock of the fund. By the end of last year, 634 funds held Wuliangye Yibin Co.Ltd(000858) in heavy positions, with a total market value of 59.8 billion yuan; 537 funds hold Wuxi Apptec Co.Ltd(603259) heavy positions, with a market value of 52.7 billion yuan.
The fund is still optimistic about new energy
In the fourth quarter of last year, the market performance was calm. Compared with the end of the third quarter of last year, there was little change in the heavy positions of the fund at the end of the fourth quarter of last year. It is worth noting that the fund still firmly holds the new energy sector and increases its position in the electronics sector.
According to the data, by the end of last year, among the top 50 heavyweight stocks of the fund, the fund still held 11 new energy concept stocks. In addition to Contemporary Amperex Technology Co.Limited(300750) , there are also photovoltaic faucets Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , Sungrow Power Supply Co.Ltd(300274) , Trina Solar Co.Ltd(688599) , lithium battery upstream resource stocks Zhejiang Huayou Cobalt Co.Ltd(603799) , Tianqi Lithium Corporation(002466) , battery midstream sector Guangzhou Tinci Materials Technology Co.Ltd(002709) , Yunnan Energy New Material Co.Ltd(002812) , vehicle faucets Byd Company Limited(002594) and battery manufacturing Eve Energy Co.Ltd(300014) .
The change of heavy positions of public funds shows that Gree Electric Appliances Inc.Of Zhuhai(000651) , Ping An Insurance (Group) Company Of China Ltd(601318) which have been heavily held by the fund for many years in the list of the top 50 heavy positions of the fund have not returned since they disappeared in the third quarter of last year.
According to the targets of public funds’ increase in holdings in the fourth quarter of last year, they are mainly concentrated in emerging industries, such as Qinghai Salt Lake Industry Co.Ltd(000792) , Yongxing Special Materials Technology Co.Ltd(002756) , Jiangsu Azure Corporation(002245) , Tianqi Lithium Corporation(002466) in the field of new energy. In addition, cycle reversal stocks in some traditional industries have also been increased by the fund, including Wens Foodstuff Group Co.Ltd(300498) in the pig raising sector, Jiangsu Zhongtian Technology Co.Ltd(600522) in the communication sector, and Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) in the construction sector.
A fund manager in South China said that funds always tend to invest in places with higher returns, and emerging growth industries represent the development trend in the future.
