The four quarterly reports of the fund have been released, and this public account may comb through the changes in positions, the content is relatively boring, and you should bear more responsibilities. In 2021, BlackRock Fund Management Co., Ltd. became the first wholly foreign-owned fund company to issue public offering products, the first product BlackRock China New Horizons Hybrid A (013426) recently disclosed the four quarterly report, because it is a fund established on September 7, 2021, so this quarterly report is the first quarterly report, the current scale of 5.358 billion yuan, the current heavy stocks are basically built in the fourth quarter, so the reference significance is still quite large.
The specific heavy stock information is as follows, from the perspective of the concentration of the top ten positions, it is 40.27%, which is not very high or very low, and the top ten heavy stocks are Luxshare Precision, ShilanWei, China Merchants Bank, Luzhou Laojiao, Industrial Bank, Guizhou Moutai, Juxing Technology, Daotong Technology, Honglu Steel Structure, and Dongfulong.
Let's briefly talk about heavy stocks.
1. Luxshare Precision. Apple industry chain stocks, according to the third quarter of 2021 report, the star fund manager who increased the position at that time was Fu Pengbo, adding 8 million shares, which was the first heavy stock.
In addition to the "Ruiyuan Growth Value Blend" managed by Fu Pengbo, the "CEIBS Times Pioneer" helmed by star fund manager Zhou Yingbo at the time also increased its holdings by 4.5117 million shares in the third quarter, with a closing number of 26.4427 million shares and a market value of 940 million yuan at the end of the period.
In addition, The Innovation Trend of Fuguo managed by Li Yuanbo also increased its holdings by 6.3327 million shares; and The Boshi Growth Pilot managed by Chen Pengyang increased its holdings by 2.4471 million shares. The funds that have increased the position are also: Wu Chuanyan's Hongde Fengrun three-year holding period mix, qin Yi's Hongde Ruize mix. However, Oriental Red RuiXi, Hui Tianfu Value Selection, And Oriental Red China Advantages have all reduced their holdings to varying degrees.
Luxun Precision rose 37.78% in the fourth quarter, fell -3.54% since the beginning of 2022, and the current market value is 335.6 billion yuan.
2. Silan Micro. On the evening of September 30, 2021, Silan Micro disclosed the fixed increase, the final issue price was 51.8 yuan per share, raising a total of 1.122 billion yuan, and the issuance object was 6 investors such as China Huarong, Bosera Fund, UBS AG, Dada Assets, Nord Fund, Invesco Great Wall, etc., with a lock-up period of 6 months. As of the close of trading on September 30, Silan Micro's stock price was reported at 57.09 yuan per share, with a market value of 79.6 billion yuan. That is to say, the fixed increase price of Silan Wei is equivalent to a 90% discount compared with the company's latest stock price.
In the third quarter report of 2021, the GF Fund Feiyi, which has more warehouses in ShilanWei, added 188,100 shares. SilanWei fell -5.06% in the fourth quarter and -5.30% since the beginning of 2022, with a current market value of 72.690 billion yuan.
3. China Merchants Bank. In the third quarter of 2021, a number of star fund managers bought a lot of individual stocks such as China Merchants Bank, Ping An Bank, Postal Savings Bank, Changshu Bank, and Sunong Bank. For example, zhang Kun's "E Fangda High-quality Enterprise Holding for Three Years" bought 16.8001 million shares of China Merchants Bank, with a stock market value of 848 million yuan.
Other star fund managers who bought China Merchants Bank also include Xu Lirong's Guofu China Income Blend, Zhang Kun's E Fangda Blue Chip Select Blend, and Lau Jienan's HuiTianfu Value Select Blend.
China Merchants Bank fell -3.45% in the fourth quarter, up 2.03% since the beginning of 2022, and its current market value is 1,253.4 billion yuan.
4. Luzhou Old Cellar. In the third quarter of 2021, the fund that increased the position had Wang Yuanyuan's Fuguo Consumption Theme Mix A; Bo Guanhui added 206045 stocks and became the first heavy stock, and the increase in position was relatively large.
Luzhou Laojiao rose by 14.57% in the fourth quarter, fell -9.45% since the beginning of 2022, and the current market value is 336.73 billion yuan, and the valuation of the price-earnings ratio is still as high as 45.10 times.
5. Industrial Bank. In the third quarter of 2021, the fund managers of Industrial Bank included Zhou Haidong of China Commercial Fund and Du Yang of ICBC Credit Suisse Fund.
Industrial Bank rose 4.04% in the fourth quarter and rose 12.97% since the beginning of 2022, with a current market value of 446.85 billion yuan and a price-to-book ratio of 0.75 times.
6. Moutai in Guizhou. In the third quarter of 2021, there are too many fund managers who increase their positions in Guizhou Moutai, note that oh, I am talking about the "increase" action, such as -
Liu Xu's Dacheng High-tech Industry Stock A;
Why the Great Wall of Small and Midcap growth;
Yan Yao's ICBC New Finance Stock A;
Sun Bin's Rich Country Value Advantage Mix;
Zhang Liang's Hua'an SOE reform theme flexible allocation mix;
Liu Xiao's Guofu deepens the value blend;
Xiao Nan's E Fangda consumer industry stock;
Wang Yuanyuan's Rich Country Consumption Theme Mix A;
Hu Xinwei's HuiTianfu consumer industry mix;
Hu Xinwei's Hui Tianfu Value Creation Fixed Opening Hybrid;
Lau Kit Man's HuiTianfu Value Selection Blend;
Zhang Feng's Dongfang Hong Qi Heng holds a mixed B for three years;
Jiao Wei's Yinhua Affluence Theme Mix;
Zhu Shaoxing's Rich Country Tianhui Growth Mix;
Wang Chong's BOCOM new growth mix.
Guizhou Moutai rose by 12.02% in the fourth quarter, fell -6.73% since the beginning of 2022, the current market value is 2401.85 billion yuan, the current valuation is 47.91 times, or a bit expensive, according to the Guizhou Moutai 2022 62 billion forecast net profit, Guizhou Moutai 2022 reasonable stock price is about 1750 yuan, corresponding to 35 times PE.
7. Superstar Technology. The leading superstar technology in the tool industry is also one of Fu Pengbo's invisible heavy stocks. In the third quarter of 2021, Fu Pengbo continued to increase his position in 1.68 million shares of Superstar Technology, and the market value of his positions as of the end of the third quarter was approaching 800 million yuan, climbing from the ninth largest circulating shareholder to the third largest circulating shareholder, and also the public fund holding the largest number of shares.
Superstar Technology rose 11.03% in the fourth quarter, fell -9.64% since the beginning of 2022, and has all erased the increase in the fourth quarter of last year since the beginning of the year, with a current market value of 315.20 yuan and a valuation of 22.42 times.
8. Daotong Technology. This is a stock of the Science and Technology Innovation Board, a well-known brand in Shenzhen, and has been rated as the undertaking unit of Guangdong Automotive Intelligent Diagnosis Engineering Technology Research Center, whose main business is automotive intelligent diagnosis, detection and analysis system and automotive electronic components research and development, production, sales and service.
The fund manager who increased his position in the third quarter of 2021 was He Chongkai of E Fangda Defense and Military-Industrial Mix. Daotong Technology rose by 12.31% in the fourth quarter, and fell by -14.63% since the beginning of 2022, and has flattened all the gains in the fourth quarter of last year since the beginning of the year, with a current market value of 305.70 yuan and a valuation of 66.99 times.
9. Honglu steel structure. The fund manager who increased his position in the third quarter of 2021 was Zhou Xuejun, who was mixed by Haifutong's reform-driven mix. Honglu Steel Structure rose by 21.96% in the fourth quarter, and rose by 1.23% since the beginning of 2022, with a current market value of 287.68 yuan and a valuation of 26.18 times.
10. Dongfulong. It is a leading comprehensive pharmaceutical equipment service provider in China and a representative enterprise that replaces imported pharmaceutical equipment products, and its main business is pharmaceutical equipment plate, medical technology and technology plate, and food equipment engineering plate.
The fund manager who increased his position in the third quarter of 2021 was Zheng Lei of Hui Tianfu Innovative Pharmaceutical Blend. Dongfulong rose by 12.29% in the fourth quarter and fell by -17.41% since the beginning of 2022, which has erased all the gains in the fourth quarter, and the current market value is 262.27 yuan, with a valuation of 35.76 times.
If divided according to the industry, the top ten heavy stocks belong to 7 industries, of which food and beverage, banking, and electronics are each 2 heavy stocks, which should be the direction that BlackRock Fund Tang Hua is more optimistic about.
Food and beverage: Guizhou Moutai, Luzhou old cellar
Banks: China Merchants Bank, Industrial Bank
Electronics: Luxshare Precision, Silan Micro
Machinery and equipment: Superstar Technology
Pharmaceutical Biology: Dongfulong
Architectural decoration: Honglu steel structure
Automotive: Daotong Technology
According to the number of heavy stocks held by the fund to count, because the four quarterly reports have not been updated, according to the statistics of the three quarterly reports, the total of these 10 stocks is held by 3885 funds, generally this value is below 2000, I think it is not a group of fund managers, greater than 8000 or more than 10000 is a very obvious group fund manager.
1. In view of the short-term rapid switching of market style during the closed period of BlackRock China's New Horizons, we have formulated a strategy of batch and steady position opening, reducing the expectation of short-term position profitability, and placing the control of downside risk of net worth in a more important position.
2. Our American technology team, pharmaceutical team, and new energy team in Europe have a very in-depth understanding of the upstream and downstream of various industrial chains in the world.
3. IGBT is one of the core industries we have been bullish on next year's performance lately.
4. In the long run, we should highlight the investment opportunities emerging from the five major themes of new energy, pan-consumption, digital revolution, pension and industrial innovation and upgrading.
5. We want to invest in consumer goods companies that can directly reach the consumer mind (or DTC).
6. The digital revolution has now penetrated the channels, marketing and user operations of consumer goods
7. The important theme of the external circulation is the Chinese brand going to sea.
8. At the beginning of the year, when many white horse stocks continued to sharply increase valuations along the inertia, the fundamentals had essentially stagnated or even weakened marginally.
9. After the industry penetration rate reaches 50%, the growth rate will slow down the valuation and will also decline, assuming 20-25x, we can see an industry with a market value of 4-5 trillion yuan. So now the existing battery company, his market value has reached more than 2.5 trillion yuan.
10. We continue to be optimistic about many excellent Chinese semiconductor companies, and continue to grow and expand under the blessing of excellent and diligent R&D and service capabilities.
The relationship between length and energy, let's talk about it today. The article is only a personal investment thinking and stage combing, not as investment advice.
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