After the third quarter report came out, I counted that the types of funds were ordinary stocks, partial stock hybrids, flexible allocations, and balanced hybrids, and there were 81 funds with a scale of more than 10 billion (only one kind of multi-share was retained), of which 73 funds accounted for more than 70% of stocks. The largest single fund is Zhang Kun, 70 billion +; the second place is Glen, 60 billion +; the third place is Liu Yanchun, 50 billion +; followed by Zhu Shaoxing 40 billion +, Fu Pengbo 30 billion +, Xiao Nan 30 billion +...
Source: Oriental Fortune Choice data, as of October 29, 2021
From the perspective of the number of fund managers managed, Liu Gesong has 4 funds with tens of billions, Feng Bo, Ge Lan and Hu Xinwei have 3 funds with tens of billions, and Liu Yanchun, Xie Zhiyu, Yuan Fang, Zhou Weiwen and Zhou Yingbo have 2 funds with tens of billions. From the perspective of fund companies, there are 9 in CEIBS, 7 in GF and E Fangda, 5 in Huitianfu and Xingquan, 4 in Dongfanghong and ICBC Credit Suisse, 3 in Fuguo and Yinhua, and 2 in Hongde, Invesco Great Wall, Qianhai Kaiyuan, Ruiyuan and CITIC Securities...
This article briefly combs through the 4 funds of Dongfang Hong. The fund managers are Li Jing, Sun Wei, Wang Yanfei and Zhang Feng. In order to facilitate the search of tags in the official account, this article only combs through the changes in the positions of these three fund managers.
01
Zhang Feng
Zhang Feng has a fund manager of 1.12 years, 3 funds under management, and a scale of 17.214 billion yuan. The unfamiliar small partner saw 1.12 years, thinking that Zhang Feng was a fund manager with less seniority, but in fact, he was not, he was the deputy general manager of the company and the general manager of the public equity investment department, and he was the person who carried the Oriental Red Banner after Chen Guangming left. Representative Fund Dongfang Hong Qi heng three-year holding of mixed B (011724) on April 21, 2021, as of 2021.11.2, the return on appointment -11.42%, the maximum drawdown of term -18.12%.
As of 2021-09-30, the net asset value of the three-year mixed B (011724) held by Dongfang Hong Qiheng was 12.974 billion yuan, a decrease of 1.991 billion yuan or 13.30% compared with 2021-06-30. Specific to the change in holdings, in the third quarter, guizhou Moutai, Mindray Medical, Haida Group, Absolute Taste Food, Tsingtao Beer, and Yanghe shares were added.
02
Sun Wei
Zhang Feng has a fund manager of 5.79 years, 3 funds under management, and a scale of 28.927 billion yuan. Representative Fund Dongfang HongRuize Three-Year Fixed Opening Hybrid A (501054) took office on February 14, 2018, and as of 2021.11.2, the return on appointment was 85.94%, the annualized return was 17.36%, and the maximum drawdown of the term was -21.84%.
As of 2021-09-30, the net asset value of Dongfang Hongruize's three-year fixed opening hybrid A (501054) at the end of the period was 13.581 billion yuan, down 2.239 billion yuan, down 14.15% compared with 2021-06-30. Specific to the change of positions, there are Bairun shares, LONGi shares, Anta Sports (Hong Kong stocks), and Jiumaojiu (Hong Kong stocks) that have increased their positions. The increase in position is not large.
03
Wang Yanfei
Wang Yanfei has a fund manager of 641 years, 3 funds under management, and a scale of 23.617 billion yuan. Representative Fund Oriental Red Ruixi Three-Year Fixed Opening Hybrid A (501049) took office on November 15, 2017, and as of November 2, 2021, the return on appointment was 52.89%, the annualized return was 11.27%, and the maximum retracement of the term was -29.05%.
As of 2021-09-30, the net asset value of oriental red ruixi's three-year fixed opening hybrid A (501049) at the end of the period was 16.121 billion yuan, down 2.696 billion yuan, down 14.33% compared with 2021-06-30. Specifically, the positions added are Focus Media, China Resources Beer (Hong Kong stocks), and Wanfu Bio.
04
Li Jing
Li Jing has a fund manager of 1.64 years, 4 funds under management, and a scale of 20.121 billion yuan. Representative Fund Dongfang Hong Qidong Three-Year Holding Mixed (008985) took office on March 16, 2020, and as of 2021.11.2, the return on appointment was 107.01%, the annualized return was 55.79%, and the maximum drawdown of the term was -20.98%.
As of 2021-09-30, the net asset value of the three-year holding of mixed (008985) in DongfangHong Qidong was 15.597 billion yuan, a decrease of 1.079 billion yuan or 6.47% compared with 2021-06-30. Specific to the change in positions, there are ANTA Sports (Hong Kong stocks), Haida Group, and Great Wall Motors (Hong Kong stocks) that have increased their positions.
05
Write at the end
1. Position concentration. The concentration of the four fund managers' positions is as follows:
2. Semi-annual turnover rate. Because Zhang Feng took office relatively late, there is no turnover rate data, the turnover rate data of the other three fund managers is as follows, Dongfang Hong is a fund company that practices the concept of value, and the turnover rate is relatively low.
3. The proportion of stocks. Sun Wei's position of 97.06% is stocks, the fixed opening fund has no impact of redemption, the fund manager can operate in a full position without problems.
4. The structure of the holders is as follows. Sun Wei's institutional holders were 1.47%, and the other three institutional holders were ignored, less than 0.3%. Institutions do not have enough faith in Dongfang Hong?
5. The current non-monetary assets of Dongfanghong are 241.086 billion yuan, ranking 20th among 175 fund companies. The 19 heavy stocks are listed as follows, accounting for a total of 23.84% of the net value, and the top three are Ningde Times, Yili Shares, and Guizhou Moutai.
The process of combing is also a process of learning and deepening impressions, writing is not easy to sort out, a like and then go?
Funds are risky and investments need to be done with caution
-Ends-
The data in this article comes from the Daily Fund and Oriental Wealth Choice
Disclaimer: Yield data is for informational purposes only, past results and trend styles are not indicative of future performance and do not constitute investment advice. Investors operate accordingly at their own risk. The market is risky and investments need to be cautious.