Warehouse Vane | Xingji Global Fund Xie Zhiyu: Dajun!Buy new energy sources and increase the proportion of Hong Kong stocks allocation

China Fund News Cao Wenzheng

Editor's note: Recently, the Fund's second quarterly report has been disclosed. The changes and changes in the position and position of the star fund managers have also become the focus of the attention of the citizens. Behind each regular report, these outstanding manager's "investment secrets" are also hidden. Fund Jun will continue to update the character's database feature [positioning vane], decoding star fund product holding changes and its manager's investment philosophy.

Xie Zhiyu, the global deputy general manager of Xingzhi, is called "Dabai" by the market. As one of the most head fund managers, Xie Zhiyu's long -term performance is still very good. Since the beginning of last year, Xie Zhiyu has also faced to varying degrees Withdrawing.

In the second quarter, Xie Zhiyu, who has always preferred a stable section such as home appliances, medicine, and consumption, bought new energy track stocks in heavy positions, and increased its allocation of Hong Kong stocks.

At the end of the second quarter of this year, Xie Zhiyu's main four funds exceeded 80 billion yuan, which was still one of the most managers of public fund managers in management. Among them, the four funds fell below 90 % at the end of the second quarter.

In this issue of the "Warehouse Vane", Fund Jun will be detailed for everyone Xie Zhiyu's second quarterly report and its position changes in Xie Zhiyu.

In the second quarter, buying new energy and improving the allocation of Hong Kong stocks in the second quarter

From the perspective of management, Xie Zhiyu's management scale has risen from the end of the first quarter. As of the end of the second quarter, Xie Zhiyu's four funds in control were 8011 million yuan, an increase of 3.674 billion yuan from the end of the previous quarter.

Specifically, Xingquan, Xingquan Harun, Xingquan Investment and Xingquan's Value Holding Hybrid for three years, the scale at the end of the second quarter was 22.495 billion yuan, 29.814 billion yuan, 23.415 billion yuan, 4.796 billion yuan In the number of dollars in the single quarter, the scale of scale increased by 1.724 billion yuan, an increase of 2.698 billion yuan, a decrease of 748 million yuan, and an increase of 509 million yuan.

In the second quarter, two product stock positions, including Xingquan Harun and Xingquan's three -year holding, were reduced to less than 90 %.

Taking its representative work as an example, the market value of the fund's stock at the end of the second quarter accounted for 89.56%of the net asset value of the fund, a decrease of 3.06%from 92.62%in the first quarter.

In terms of the top ten heavy stocks, Xie Zhiyu adjusted differently each fund. For example, in Xingquan Herun, Tongwei Co., Ltd. and Gu Jiajia have entered the top ten, and Sanqi Mutual Entertainment and Price Pharmaceutical withdrawn from the top ten; in addition, the reduction of Haier Zhijia and Jinjiang Hotels decreased by 10.31 respectively compared with the previous period of 10.31, respectively. %, 12.27%, the remaining 6 heavy stocks, including Sanan Optoelectronics and Schitai Technology, were slightly increased.

In the second quarter, Xie Zhiyu's concentration of shareholding in Xingquan Herun was slightly declining from the first quarter.

From the perspective of its other masterpieces, it has increased its holdings, Jingchen, San'an Optoelectronics, Mango Super Media, Jianyou shares; reduced holdings of Haier Zhijia, Jinjiang Hotel and Plum Flowers; China Resources Beer, Shun Yuguangxue Technology has re -squeezed into the top ten;

Prochana Pharmaceuticals and Wentai Technology withdrew from the top ten.

Judging from the position of the full trend of Xie Zhiyu's management of another fund Xingxing, new energy -related stocks have increased their holdings. In the second quarter, Xie Zhiyu significantly increased the nano -nano, an increase of 127.76%; the Ningde Times entered the top ten heavy stocks for the first time. As of the end of the second quarter, Xingquan's trend held 1.7339 million shares in Ningde Times, with a market value of 926 million yuan, ranking the sixth largest heavy stocks. "Internet Financial leader" Oriental Wealth, "PCB leader" Pengding Holdings also entered the top ten, and Huaneng International, San'an Optoelectronics, and HKUST Xunfei withdrew from the top ten.

Xie Zhiyu: Keep looking for excellent companies with good investment in cost -effective

Regarding the strategy and operation of the second quarter, Xie Zhiyu stated in the second quarterly report that in the second quarter, the domestic Omikon variants had a negative impact on the economy; Infrastructure investment has continued to increase, some cities' real estate policies have begun to relax. Since June, real estate sales have shown a bottom -up trend, and the domestic economy has also showed a gentle recovery trend. The Federal Reserve has continued to raise interest rates, CPIs in various countries have maintained a high level, and overseas demand is still observed.

In the second quarter of the A -share market, the Shanghai Stock Exchange Index rose 4.5%, the GEM index rose 5.68%, and the Hang Seng Index fell 0.62%. Xie Zhiyu said that the indexes rebounded after the callback, and the industries that performed well were mainly concentrated in new energy vehicles and photovoltaic fields. The traditional cycle and consumer industry performed average.

During the reporting period, Xie Zhiyu stated that he had maintained a higher position. In the later period, he would continue to select individual stocks, excavate the company's long -term growth value, and continuously find outstanding companies with good investment.

In the recent live broadcast, Xie Zhiyu talked about the market and bluntly. The current market, from top to bottom and bottom -up perspective, found that the market is relatively split: on the one hand, there are indeed many pressures from top to bottom this year. These difficulties, these will clearly reflect the profitability of corporate companies, which is also the general reason for the market performance.

Xie Zhiyu repeatedly emphasized that "long -term dimensions look at problems", and believe that they cannot deduce the long -term competitiveness of a company in a particularly short -term performance. He said, "If many enterprises are measured from the perspective of market value, it is not so short in the short term to see the fluctuations of interval profit. In fact, it has entered an investment that can be invested."

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