Open call for participants soonfundThe third quarterly report revealed that the curtain was officially opened, and star fund manager Qiu Dongrong became the first active equity fund manager to “hand over the job.” On October 21, China Geng Fund released the third quarter report of its star fund manager Qiu Dongrong managing four funds.
The reporter of China Times noticed that Qiu Dongrong made obvious moves to adjust positions in the third quarter. Among them, the value of Zhong Geng was the leader, and the value of Zhong Geng’s small cap was compared to the end of the second quarter. The top ten heavy stocks at the end of the third quarter were all changed by 6 Only, during the third quarter, he bought a large amount of coal sector, and said that in the context of carbon neutrality, he is optimistic about the investment value of high-quality assets in energy and resources.
In addition, with the disclosure of the third quarter reports by listed companies, the holdings of some public funds have gradually surfaced. Among them, Zhang Kun, Zhou Yingbo, Zhu Shaoxing and many other star fund managers have also unveiled their positions in the third quarter.
Qiu Dongrong bought coal stocks
According to the reporterannouncementAfter sorting out, it is found that the China Geng Fund,Bank of China Fund、Debon FundA number of funds under such companies are the first to disclose the third quarter report for 2021. Among them, equity funds are mainly products of the China Geng Fund, while the Bank of China Fund and Debon Fund are mainly fixed-income products.
On October 21, China Geng Fund released the third quarter report of five active equity funds, of which four products are under the management of star fund manager Qiu Dongrong. According to the third quarter report, the net value of Qiu Dongrong’s four funds in the third quarter increased by more than 20% in a single quarter, and the size of its funds under management surged from 10.848 billion yuan at the end of the second quarter to 20.846 billion yuan at the end of the third quarter. 99.98 billion yuan, an increase of 92.16%.
Data source: Fund’s third quarterly report
The reporter of “China Times” noticed that Qiu Dongrong made obvious moves to adjust positions in the third quarter. Taking the outstanding performance of China Geng’s small-cap value as an example, the three quarterly reports show that as of the end of September, among the top ten heavy-duty stocks of China Geng’s small-cap value,Orchid Science and Technology、Shaanxi Coal Industry、Linsen、Sunong Bank、Zhongfu Information、Jinhong Group6 stocks are new. In addition, the top ten heavyweight stocks of Zhong Geng Value Leadership Hybrid also exchanged 6 stocks, and Zhong Geng Value Smart exchanged 5 stocks.
Data source: Fund’s third quarterly report
A review of Qiu Dongrong’s new entry into the top ten heavy-duty stocks shows that its main directions for increasing positions are concentrated in energy, financial and real estate. In the small cap value of Zhong Geng, coal stocks——Orchid Science and TechnologyIn the third quarter, Qiu Dongrong aggressively increased its holdings, and the number of shares increased by 352.08% compared with the second quarter. It jumped from the 13th largest heavy-handed stock in the second quarterly report to the largest heavy-handed stock in the third quarter report, and its holdings also accounted forFund net worth10.32% of the total.
Qiu Dongrong said frankly that coal, energy, and resource companies are the sectors that have increased their holdings in the third quarter. The logic of the allocation is mainly: 1. The demand for energy and resources will continue to grow in the long-term, and the short-term correlation with the real estate cycle is low, and even in the short-term. Shows the situation of accelerating demand growth; 2. Since the supply-side reform, the supply contraction has been serious, the market cleared more obviously, and the real and effective supply growth is very limited; 3. In the medium and long term, under the influence of environmental protection and carbon neutral factors, the medium term The supply constraints and marginal costs will rise, leading to a significant increase in the value of stock assets.
“From the perspective of market pricing and valuation, such companies have extremely low valuations, good cash flow, low capital expenditures,DividendsThe rate of return is high, and the expected rate of return corresponding to the current price is high. Therefore, in the context of carbon neutrality, we are optimistic about the investment value of high-quality energy and resource stocks. “Qiu Dongrong said.
Trends of star fund managers exposed
The reporter noticed that although the third quarterly report of active equity mutual funds will be disclosed in the next week, from the three quarterly reports disclosed by listed companies, the position of star fund managers that have received much market attention has been exposed at the end of the third quarter.
After the market on October 11,Jinjing TechnologyReleased the first three quarterly reports of the Shanghai and Shenzhen stock markets. As of the end of the third quarter, it was held by the China-Europe Mingrui New Normal Fund jointly managed by Zhou Yingbo and Liu WeiweiJinjing Technology18,697,400 shares, CEIBS Mingrui New Normal Fund has entered its second largest circulationshareholder.And beforeJinjing TechnologyIt does not appear in the shareholding portfolio disclosed in the Interim Report of the Sino-Europe Mingrui New Normal Fund. Compared with previous quarterly reports, it can be found that the Sino-Europe Mingrui New Normal Fund began to increase the new energy sector in the second quarter. From the current point of view, Zhou Yingbo remains Enthusiasm is unabated.
In the evening of October 20th,Ping An BankThe three quarterly reports were disclosed. In the list of the top ten shareholders, the E Fund Blue Chip Selection and E Fund Quality Selection Fund managed by Zhang Kun, the “Public Offering One Brother”, are listed as the sixth and seventh largest shareholders, respectively.Both funds are among the top ten new shareholders. As of the end of the third quarter, E Fund Blue Chip Select heldPing An Bank200 million shares, E Fund holds 63 million shares.
Zhang Kun said in the semi-annual report that the structure was adjusted in the first half of the year, addingBankThe configuration of other industries.The reporter noticed that that nightChangshu BankAlso disclosed the three quarterly reports, this oneBankThe shares were also acquired by Qiu Dongrong in Q3Changshu BankList of the top ten shareholders. The third quarterly report of Zhong Geng Value Leadership shows thatChangshu BankNewly entered its ninth largest stock.
And Zhang Feng from Shanghai Dongfanghong Asset Management,Wells Fargo FundZhu Shaoxing, in the third quarter of the same time to increase the warehouse glass product manufacturersKibing Group.Dongfanghong Qiheng three-year holding hybrid fund managed by Zhang Feng, general manager of Shanghai Dongfanghong Asset Management, held at the end of the third quarterKibing Group14.0861 million shares, with a market value of more than 244 million yuan held at the end of the period, making it the sixth largestTradable shareholders; Zhu Shaoxing’s Fu Guo Tianhui Fund held at the end of the third quarterKibing Group12,302,900 shares, with a market value of 213 million yuan held at the end of the period. Compared with the end of the second quarter, the shareholding ratio has doubled. The fund ranks the eighth largest tradable shareholder of Kibing Group.
existCangzhou PearlFor the first time in the three quarterly reports, the phenomenon of “coming together” of public funds appeared for the first time.HSBC Jintrust FundLu Bin,Huaan FundOf Liu Changchang,China Asset ManagementZhong Shuai, both of them increased their positions in the third quarter. The announcement shows,Cangzhou PearlAmong the top ten tradable shareholders, the theme of Dongfang New Energy Automobile has appearedHybridStock investmentFunds, Huaan Culture, Sports and Health Theme Flexible Configuration Hybrid Securities Investment Funds, HSBC Jinxin Low Carbon Pioneer Stock Securities Investment Funds, Huaan Anhua Flexible Configuration Hybrid Securities Investment Funds, and China Industry Prosperity Hybrid Securities Investment Funds.
(Source: China Times)
(Original title: Exposure of celebrity fund managers’ positions in the third quarter! Qiu Dongrong bought coal stocks on a large scale, and the scale surged by more than 90%)
(Editor in charge: DF552)
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