During the year, the performance champion stud liquor, Jin Yuan Shun An Yuan Qiping appeared, and foreign public fundraising "parted ways".
This time the three quarterly reports have a lot to dig into.
Under the long fall, the market has reached a key inflection point, and foreign capital has flowed out on the bright side, but the positive has continued to increase its efforts. The market quickly recovered 3,000 points, which is very illustrative of the current market attitude!
Qiu Dongrong said, "Don't look at it, get on the position quickly."
Zhang Kun added liquor again.
A group of experienced fund managers He Shuai, Wang Bin, Gui Kai, Chen Hao, Cao Mingchang... The increase in medicine seems to have heralded the big rebound of medicine today.
Here are the details:
One. Performance TOP10 fund managers' latest positions
The only one on the whole network, the position of the top 10 fund managers in the third quarter of the year.
The key messages are:
1. Zhou Siyue, the equity champion of the year, the product Oriental Regional Development rose 48% during the year, 17 points ahead of the second, resisted the pressure of foreign capital to continue to sell baijiu, and constantly increased its position in baijiu, and is now completely a liquor theme fund. Baijiu continued to be in the doldrums, losing the title; Baijiu rebound, is its own highest light operation in 2023. Zhou Siyue took the championship to "bet" on the choice of baijiu, and he was bold.
2. Zhou Boyang's Jinyuan Shun'an Quality Select A, known as "Xiaojinyuan Shun'an Yuanqi", is also a small and micro cap stock, with a high turnover and very scattered positions. This fund performed well during the year, and it was impossible to buy Jin Yuan Shun An Yuan Qi, which can be used as a replacement.
3. Wang Shuai's Dacheng Internet A, in the third quarter, TCL Technology was fully bought, and the increase in positions on Cialis was also more accurate.
4. He Xiang's Bohai Huijin new momentum, all heavy stocks have been exchanged, and the individual stocks have risen very well, and the individual stocks in the industry are relatively scattered. The fund's rise in the third quarter is not bright, it can be determined that He Xiang is a right-hand trader, has quantitative trading thinking and likes to do some short-term strong stocks.
You can save the picture, marked in red is the new heavy position in the third quarter.
In addition, we have also done the latest heavy position of all-star TOP30 fund managers, selecting the most benchmark fund managers in various industries and styles, and if you are interested, you can leave a message in the background or comment area "Three Quarterly Report" for free.
Data collation is not easy, you can like and follow, support it.
Two. The latest position of the public offering
Food and beverage (liquor), medicine, power equipment (new energy), electronics (semiconductors) accounted for almost half of the public stock position.
There are many food and beverage positions, close to 15%; The pharmaceutical bio position is about 13%.
This year's hottest computer sector, caught in the main line of the digital economy, the overall position is less than 6%, not much.
(Source: Parkers Institute, as of September 30, 2023)
Compared with foreign capital, the holding style of the two is very different.
1. Foreign capital has a heavy position in new energy, with a position of nearly 15%; And public offerings love to consume.
2. The overall style of foreign capital is partial to value, love dividends, and have large positions in low-valued sectors such as finance, household appliances, machinery and equipment, and non-ferrous metals; Public offerings, on the other hand, prefer growth style.
(Foreign position data, as of September 30, 2023)
3. Changes in the positions of the top 10 industries in public offering positions
(Source: Parkers Institute, as of September 30, 2023)
The top 10 industries with the largest public offering positions, the biggest change was food and beverage, with positions soaring by 5.4%, and public offerings increased their positions in consumer liquor.
This is different from foreign capital, which sold a net of 22.4 billion yuan of food and beverages in the third quarter, which is the industry that has reduced its position the most.
Public offering and foreign capital in new energy in unison to reduce positions.
(Source: Parkers Institute, as of September 30, 2023)
(Source: Parkers Institute, as of September 30, 2023)
Finally, add some of the latest views and operations of star fund managers.
Chinese Warren Buffett Zhang Kun: Again add a position to Moutai.
Public offering sister Gülen: short-term heavy medical services, long-term optimism about pharmaceutical innovation.
Qiu Dongrong: The clearance of the stock price level is visible to the naked eye, and the valuation represents a high implied return, which is precisely the stage of wide distribution of opportunities from the investment dimension, especially the valuation starting point of some growth stocks with great prospects is close to the level at the end of 2018, and many directions are beginning to emerge. (Simple translation: be bold, take a position)
The divergence of the champion of the year, the stock-based champion Feng Cheng began to retreat in the popular sectors of the year such as information innovation and computer, and the hybrid fund champion Zhou Jiansheng continued to increase his position in these sectors.
Guangfa multi-factor Tang Xiaobin, the equity market cost performance is prominent, in a state of high odds, against the trend to increase positions in non-bank finance, standing as the "bull market standard-bearer".
CEIBS Fund Zhou Weiwen, macroeconomic and consumption recovery weaker than expected, increased allocation of gold and machinery.
The book business rebuked Fang Feng Mingyuan: sell new energy and increase positions in the electronics sector.
The performance is very competent, the speed of promotion is very fast, and Feng Mingyuan, who is outwardly bookish and business-tempered, is actually extremely aggressive. A clear judgment is given in the three quarterly reports.
Consumer electronics has walked out of the lowest trough in the industry, although the road to full recovery is not clear, but in some segments have seen long-lost growth, semiconductor prosperity will also rebound with the bottom of downstream consumer electronics demand.
This judgment is simply divine.
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