At present, Public Offering of Fund investment has become the main force in the A-share market. Whether investors participate in fund investment or not, they should pay close attention to the trend of fund stocks, especially the huge star funds, which can often find and lead the investment direction of the market. Looking at the trend of A shares in recent years, individual stocks have become more and more divided. At the beginning of the year, when the Shanghai Composite Index rose to 373 1 point driven by a number of fund heavyweights, the share prices of more than 2,000 stocks fell below 2,440 points. In the analysis of individual stocks, whether the stock is held by funds, the holding amount and the change of holding have become important indicators for analyzing the stock. Although holding positions with funds does not mean that stocks without funds can rise, the future of stocks without funds has become an important indicator.
In the first quarter of 200212002, the vast majority of equity funds and hybrid funds showed a mixed trend, and the decline was large. There are not a few funds whose adjustment range reaches or exceeds 20% from the high point. It also caused the phenomenon of hot fund subscription from the second half of last year to the beginning of this year to cool down. Judging from the latest quarterly report of funds, the scale of most funds' investment in stock funds has declined, which is due to the double influence of investor redemption and the decline of fund net value.
However, E Fund's blue-chip hybrid fund has increased to 88 billion yuan against the trend, so it can't be said that some investors really like Zhang Kun's radical style. The fund increased from 23.6 billion copies in 2020. 12.3 1 day to 30.9 billion copies in 2026.5438+0.03. 3 1 day, with a share increase of 30.9%. The net asset value of the fund also increased from 67.7 billion yuan to 88 billion yuan, an increase of 30%. It has also become the largest stock active investment fund at present. Also, because of its huge scale, and every stock exchange may have an impact on individual stocks, just imagine that even if you buy a 1% fund, it will be 880 million yuan, and Zhang Kun, the fund manager, likes holding heavy positions very much. How can he not make waves on individual stocks?
From the changes of 10 Awkwardness Shares announced in the first quarter of this year and 10 Awkwardness Shares announced in the fourth quarter of last year, track and analyze the trend of fund manager Zhang Kun's position adjustment!
202 1.03.3 1 Top ten: 76.86%.
From the red boxes of the above two tables, the changes of heavy positions from the fourth quarter of last year to this year 1 quarter are counted. The new positions are H shares of Ping An Bank and China Merchants Bank; The top ten positions are Aier Ophthalmology and Yihai International (Hong Kong stocks); The stock with the largest market value is China Merchants Bank, with an increase of 4.588 billion yuan; The stock to be reduced is Yanghe, with a reduction of 2.3 billion yuan; Other heavyweights have increased their holdings to varying degrees. It can be seen that Zhang Kun really dares to add positions against the trend, with courage and boldness. Of course, its risk index will be high. Among them, the substantial increase in the proportion of banking stocks is a feature of 1 quarter.
Judging from its fund style, it not only concentrates on holding shares, but also focuses on specific industries, such as liquor and banking. In recent two years, due to the enthusiasm for liquor, the income is considerable, but the rapid adjustment of liquor plate after the Spring Festival will also lead to a rapid decline in net value, that is, it will be larger when the market adjusts. Investors should choose funds according to their risk tolerance and allocate the proportion of different funds. You can't chase up and down, and speculate on the fund as a stock.
(Reminder: The above contents are personal feelings and experiences of market research and analysis, and are used for self-study and experience exchange, and do not constitute investment advice. Therefore, the operation risk is at your own risk! )