I will answer this question in three parts.

Part I: What is the fund's awkward position? Where can I see the fund's heavy stocks?

open the fund file, which contains the position column, and below it is the stock details of heavy positions, which are the heavy positions of a certain fund, as shown in the figure. But when we buy a fund's heavy stocks, we definitely don't mean buying a certain fund's heavy stocks, but the stocks that many funds have heavy positions. This is the real fund's heavy stocks. For example, the fund ABCDEFG··· ... all bought X shares, and the positions are relatively large, then X is the real fund heavyweight.

Part II: What are the benefits of buying the fund's heavy stocks?

Advantages:

① When the stock market turmoil just blows on the fund's heavy stocks, the increase of the fund's heavy stocks will be greater than that of the fund with heavy stocks, because the proportion of a stock's position in a fund is limited. For example, the position of a single stock may not be higher than 1%, and even some funds stipulate that it cannot be higher than 5%. Then, when the daily limit of the stock is 1%, it can only drive the corresponding fund to rise by 1% (according to the proportion of 1% positions). Therefore, at this time, the profit from buying fund stocks is higher than that from buying funds.

② Some friends, who don't like buying funds, want to buy stocks, so the advantage of buying fund heavyweight stocks is that they can avoid stepping on thunder. Why do you say this? Because a stock can become a heavyweight stock of many funds, there will definitely be no minefield on the fundamentals, which means that the fund manager has done a screening for investors and put a "certification label".

Part III: What are the disadvantages of buying fund stocks?

Disadvantages:

① The report of the fund is released quarterly, and the report of the previous quarter is released this quarter. Then, the fund's heavy positions we see now are actually those of the last quarter, which does not mean that the fund is still holding. In other words, there is a time lag. So, probably, now that the fund managers have sold, you still think the fund is still holding it. What will lead you to buy is likely to be abandoned by the fund. Naturally, the risk is relatively high.

② Many friends buy stocks and don't do internal portfolio management. For example, they may have bought five stocks, but these five stocks are all bank stocks (for example, it doesn't mean recommendation), which is actually equivalent to buying one stock and the fund buying 2 stocks. However, these 2 stocks are distributed in different industries, and they are balanced and hedged while highlighting key sectors, and the overall risk is lower than that of simply buying.

③ When a certain wind blows over, the fund may want to sell the relevant stocks. Because it is a heavy stock of many funds, many funds may be selling the same stock, resulting in excessive selling pressure and a rapid decline in the stock price. If you happen to buy this kind of stock, once it is not sold in time, it is likely to suffer heavy losses.