Financial Associated Press (Beijing, reporter Chen Junling) news, into late October, the fund's third quarterly report "only heard the staircase", but did not see the "true face" of the fund manager. However, the third quarterly report of listed companies that has already opened the curtain is revealing the "tip of the iceberg" of their operations in the third quarter.
On the evening of October 21, a number of less well-known listed companies disclosed three quarterly reports one after another, and among the quarterly reports of dozens of pages, the "shareholders" section was the most eye-catching. Among them, the movements of star fund managers such as Cai Songsong, Feng Mingyuan and Yang Dong can also be seen.
Zhuo Shengwei, can be described as Cai Songsong's "Ming card", in the third quarter of the stock price decline, he "made up" against the trend; "sub-new shares" Fangyuan shares, became Feng Mingyuan's "new prey"; China nuclear titanium dioxide, Yang Dong's "single-door heavy stock", this accident but greatly reduced the position!
<h4>Cai Songsong also plays "high throw low suck"? </h4>
People who are familiar with Cai Songsong probably know that he has a "special love" for semiconductors, and also cherishes his "love shares". Zhuoshengwei, the 2019 listed GEM company, entered Cai's vision as early as the second quarter of 2019, and has been its top ten heavy stocks since the third quarter of that year.
With the blessing of the semiconductor "track", Zhuoshengwei has risen all the way since its listing. By July 1, 2020, its highest price reached 544.68 yuan. Since the third quarter, the company has entered a "correction", falling to a minimum of 291.2 yuan. At this time, Cai Songsong struck again.
The third quarter report of 2021 disclosed by Zhuoshengwei on the evening of the 21st shows that the Sino Analytica Growth Hybrid Securities Investment Fund managed by Cai Songsong increased its holdings by 32.77% again in the third quarter. So far, the fund has held a total of 6.9 million shares, accounting for 3.44% of the shares, ranking as the fourth largest circulating shareholder of the company.
Combing through Cai Songsong's "operation" on this individual stock, it is not difficult to find that although he has always been unswerving in this "love stock", there are not many "small actions" every quarter. Before September 30, 2020, he had increased his position all the way to 6.89 million shares, and his holdings were close to the 10% cap.
However, after the fourth quarter of 2020, Cai Songsong "reduced" Zhuoshengwei for two consecutive quarters, and his shareholding dropped to 5.4774 million shares at the end of 2020, and then to 4.4055 million shares in the first quarter of 2021, and only slightly rose to 5.1971 million shares in the second quarter of 2021.
Fund managers are also keen on "high selling low suck"? According to industry analysts, the reason why Cai Songsong frequently adds and subtracts positions on Zhuoshengwei, in addition to the reason of "high realization", is also related to the "10% holding limit" of the fund contract for a single stock.
However, judging from the latest ten circulating shareholder signals revealed by The third quarterly report of Zhuoshengwei, Cai Songsong dared to "sell" again when the company's stock price fell by nearly 40%, which also shows his recognition of the investment value of this company.
<h4>Feng Mingyuan "hunting new" Fangyuan shares</h4>
As the premier star fund manager of Cinda Australia Bank Fund, Feng Mingyuan almost single-handedly brought this small and medium-sized fund into the market attention field, and its current management of 29.186 billion yuan is almost close to more than half of the total management scale of Cinda Australia Bank Fund of 56.991 billion yuan.
Although Feng Mingyuan has been in office for less than 5 years, the best fund return during his tenure has reached 405.39%, and his best field is the hottest new energy track at present. Taking the Cinda Australia Bank New Energy Industry Equity Fund as an example, its scale is as high as 11.554 billion yuan.
In June this year, the two funds with Feng Mingyuan as the fund manager- Cinda Australia Bank Essence Allocation and Cinda Australia Bank Leading Smart Selection were issued one after another, the market heat is still very high, coupled with the net subscription amount of the old fund, he also began to look for the next "prey" in the market.
On June 28, Cinda Australia Bank Fund Feng Mingyuan and 12 other institutions appeared in the investor conference call held on the same day, and the company soared by 18.02% on the same day, which is the same as Feng Mingyuan's appearance at the Double Star New Material Investor Conference a few weeks ago, which shows the market influence of star fund managers.
After four months, which listed company will become Feng Mingyuan's "new prey"? According to the third quarter report of 2021 disclosed by Guidong Power in the evening, the Cinda Australian Bank New Energy Fund managed by Feng Mingyuan has 2.85 million shares, accounting for 0.34% of the shares, and has newly entered the fifth largest circulating shareholder of the company.
Two days ago, Cinda Australia Bank New Energy Fund held 2.737 million shares, accounting for 3.79% of the shares, and the largest circulating shareholder of Xinjin Fangyuan shares. The latter is a "sub-new stock" that has been listed for only two months, and Feng Mingyuan's "big money" to grab the chips shows his preference for this company.
<h4>Yang Dong "corrected" the nuclear titanium dioxide? </h4>
Every quarterly disclosure season, the "stories" about fund managers are always tireless. Just at the stall of the fund's third quarterly report, "only hear the staircase, don't see people coming down", the shareholder information of the third quarterly report of the listed company has become the best lookout for investors to be concerned about the fund manager's wind and grass.
According to the third quarter report of 2021 disclosed by CNNC Titanium Dioxide on the evening of the 21st, the three funds managed by Yang Dong, Named Wells Fargo Equilibrium Preferred, Rich Country Growth Pilot, and Rich Country Low Carbon Environmental Protection, reduced their holdings by 13.89%, 9.91% and 27.26% respectively in the third quarter, with a total reduction of 21.14 million shares.
As of June 30, 2021, Yang Dong managed a fund size of 27.184 billion yuan, although it was not as good as Cai Songsong and Feng Mingyuan, but his "preference" for CNNC titanium dioxide was beyond the reach of these two people, and CNNC titanium dioxide was the first heavy stock in the second quarter of the above fund.
Taking The Wells Fargo Equilibrium Preferred Mix as an example, Yang Dong held 40.94 million shares of new shares to enter the third largest circulating shareholder of CNNC Titanium Dioxide; the shareholding increased to 44.99 million shares in the second quarter, still ranking the third largest circulating shareholder, and after the shareholding was reduced to 38.74 million shares in the third quarter, it has been ranked as the fourth largest circulating shareholder.
Compared with Cai Songsong's "concentrated shareholding" style, Yang Dong's shareholding is very dispersed. Still taking the rich country equilibrium preferential mix as an example, at the end of the second quarter, its top ten heavy stocks were only 29.69%, and the first largest heavy stock, Cnnceurum titanium dioxide, accounted for only 6.18%.
As a big bull stock in 2021, CNNC Titanium Dioxide rose by more than 177% during the year, and in the third quarter of the company's stock price correction, Yang Dong took the opportunity to reduce his position, and the "position" and "capital" vacated to increase the target of better holdings were also a wise move.