With the end of the disclosure period of the fund's first quarterly report, the fund manager's position adjustment and share swap in the first quarter have also surfaced.
According to the data of Flush iFinD, according to the total market value of the shares, the top five stocks of public fund heavy stocks in the first quarter were Kweichow Moutai (600519.SH) and CATL (300750. SZ), Wuliangye (000858. SZ), Zijin Mining (601899. SH) and Luzhou Laojiao (000568.SZ), of which Kweichow Moutai and CATL have a total market value of more than 100 billion yuan, 147.799 billion yuan and 110.825 billion yuan respectively.
CATL became the "favorite" of many funds in the first quarter. Flush iFinD data shows that in the first quarter, CATL ranked first in both the number of funds held and the market value of increased holdings. As of the end of the first quarter, a total of 1,522 funds held CATL, with an increased market value of 29.597 billion yuan compared with the end of 2023.
A number of tens of billions of fund managers have a heavy position in CATL
From the perspective of the month-on-month change in the market value of the holdings, Flush iFinD shows that among the top 20 stocks in the market value held by public funds in the first quarter, CATL, Zijin Mining, Midea Group (000333. SZ) and China Merchants Bank (600036.SH) were increased, and their market value increased by more than 10 billion yuan month-on-month. Compared with the end of 2023, the market value of the four stocks increased by 29.597 billion yuan, 21.407 billion yuan, 14.645 billion yuan and 12.848 billion yuan respectively.
Judging from the increase in active equity funds alone, among the 20 stocks, CATL and Zijin Mining became the only two stocks with a market value of more than 10 billion yuan in the first quarter, with an increase of 13.126 billion yuan and 11.966 billion yuan respectively.
A number of tens of billions of fund managers have a heavy position in CATL. The total market value of the mixed holdings of CATL managed by the veteran Fu Pengbo ranked first, holding a total of 7.9432 million shares, with a total market value of 1.51 billion yuan.
In addition, the three 10 billion fund managers of China Industrial Securities Global who manage equity products, Xie Zhiyu, Dong Li and Qiao Qian, increased their positions in CATL at the same time in the first quarter, and compared with the data disclosed in the annual report, the three of them increased their positions by nearly 10 million shares of CATL in the first quarter.
Among them, the director increased his position in CATL the most in the first quarter, with a total of 3,345,500 shares of the two products. According to the first quarterly report, Xingquan asset-light investment managed by him was the 6th largest heavy stock in CATL in the first quarter, and Xingquan Trend Investment, another product under management, increased its holdings by 2.5948 million shares of CATL compared with the end of 2023, which also made CATL's position sequence jump significantly from the 34th place at the end of 2023 to the 7th largest heavy stock.
In the first quarterly report, Dong Li proposed: "The market's pessimistic expectations for the economy have been repaired, and the technology industries such as semiconductors and electronics have a high correlation with the macroeconomy, and their prosperity is expected to bottom out." In addition, the director believes that the above-mentioned industries are typical representatives of new quality productivity, and are expected to become the focus of future industrial policies.
Kweichow Moutai and Hengrui Pharmaceutical were reduced by active equity funds
Judging from the situation of being reduced, Flush iFinD data shows that among the top 20 stocks in terms of market capitalization held in the first quarter, the stocks with the most reductions by public funds in the first quarter were SMIC (688981.SH) and Luxshare Precision (002475. SZ), Mindray Medical (300760. SZ), Tencent Holdings (00700. HK) and Luzhou Laojiao (000568.SZ), the market value of their holdings decreased by 9.467 billion yuan, 6.833 billion yuan, 3.194 billion yuan, 2.739 billion yuan and 2.536 billion yuan respectively from the previous month.
Judging from the reduction of active equity funds, among the top 20 stocks in the market value held by public funds in the first quarter, in addition to the aforementioned 5 stocks, two other stocks were significantly reduced, namely Kweichow Moutai and Hengrui Pharmaceutical (600276. SH）。
Among the top 20 stocks in terms of market capitalization in the first quarter, Kweichow Moutai became the largest number of stocks reduced by active equity funds, and was the only one with a market value of more than 10 billion yuan. Flush iFinD data shows that in the first quarter, active equity funds reduced their holdings of Kweichow Moutai by a total of 11.281 billion yuan, and even Zhang Kun, known as the "first brother of liquor", reduced his holdings in the first quarter. (For details, see Silver Persimmon Finance's previous report ""Brother of Liquor" Zhang Kun Reduced His Holdings in Moutai for Four Consecutive Quarters, and Tencent Has Become Its No. 1 Heavy Stock)
In addition, Hengrui Pharmaceutical was reduced by active equity funds in the first quarter with a market value of 2.827 billion yuan. According to the latest quarterly report disclosed by Hengrui Pharmaceutical, its operating income and net profit attributable to the parent increased by 9.2% and 10.48% year-on-year respectively.