How can you refer to other people's private placement? Maybe many people don't know how to make their own reference methods, so Bian Xiao specially brought you some stocks bought privately by Lin Jing. I hope you will like them.
What stocks did Lin Jing buy privately?
10 billion private equity tracking-Lin Jing assets
Shanghai Lin Jing Asset Management Co., Ltd. (hereinafter referred to as "Shanghai Lin Jing") is an asset management company that mainly invests in the stocks of listed companies at home and abroad, and is a private fund management company registered with China Asset Management Association.
Since 2006, Lin Jing has been managing A-share trusts and investment plans focusing on investing in A-shares, such as Lin Jing Steady and Lin Jing Harvest. With excellent performance and professional management, it has won the trust of large institutional investors and high-net-worth individual customers. Domestic institutional customers include many banks and well-known enterprises including the head offices of several major banks.
Adhering to the investment philosophy of "value investment", Lin Jing often adopts the research method of PE stock fund. Fund managers' investment decisions are mostly based on fundamental analysis of the company and stock valuation. When valuing the company, Lin Jing pays attention to its industrial structure and its position in the industrial value chain, and prefers companies with high entry threshold, strong negotiation ability with suppliers and customers, and active and competent management. These considerations are the core of Lin Jing's investment decision-making and valuation process.
Star managers reduce their holdings of pharmaceutical stocks.
Roy 1, Gaoyi Linshan managed by Feng Liu, is still the private equity fund with the largest stock market value. At the end of the period, its stock market value was 2152.6 million yuan, and it was the top ten tradable shareholders of 16 companies at the end of the third quarter.
Hikvision (0024 15. SZ) is still the biggest heavyweight of the fund. Liu Feng increased his holdings by 34 million shares in the third quarter, and the number of shares held climbed to 432 million shares, the highest since he entered the top ten tradable shareholders in the third quarter of 2020, accounting for 4.58% of Hikvision's total share capital, ranking fourth.
In the third quarter, Feng Liu also entered the list of the top ten tradable shareholders of liquor stock Shunxin Agriculture (000860). SZ) and Guo Rui Science and Technology (600562. SH), holding 36.5438+0.5 million shares and 6.5438+0.00 million shares respectively, and the market value at the end of the period is about 627 million yuan and 65.438+0.34 billion yuan. However, while entering Guo Rui Science and Technology, Linshan 1 Roy Fund also withdrew from the top ten tradable shareholders of the aviation development power of military stocks in the third quarter.
In addition, Feng Liu reduced his holdings of pharmaceutical stocks, withdrew from the top ten tradable shareholders of Renfu Pharmaceutical and China Resources Sanjiu, and reduced his holdings of Tongrentang, Ling Rui Pharmaceutical, Dashenlin, Yifeng Pharmacy and Nanwei Pharmaceutical.
Risks of private equity funds
operating risk
The investment strategy of private equity funds is hidden, and there are generally no strict restrictions on the information disclosure of private equity funds in the world, which will cause serious information asymmetry and is not conducive to the protection of fund holders' interests. In the absence of external restraint mechanism, the speculative pursuit of interests by private equity funds may make them collude with listed companies, conduct insider trading, manipulate stock prices and other illegal acts to obtain huge profits. These operational risks will bring great harm to investors and the market. The personal integrity of fund managers is difficult to measure. If the manager does not abide by the contract, it will cause losses to investors.
What kind of investors are private equity funds suitable for?
The overall liquidity of private equity funds is poor and the closed period is long, so private equity funds have high requirements for investors. The threshold for investors to start investing is high, with a starting point of 6,543,800 yuan and a long closing period. So why do investors choose private equity funds?
Private equity funds are suitable for high-net-worth people with high risk tolerance. As we all know, any investment needs to bear corresponding risks, so private fund management companies are absolutely not allowed to protect investors' funds and income. Looking at the successful investors at home and abroad, they are all markets that have experienced quite a long time. Many of Buffett's purchases were considered wrong at first, and some even experienced huge losses in the short term. But in the long run, many classic investment cases of Buffett are talked about by everyone.
Private equity companies need to pay attention to the following matters in the process of stock trading:
1. Compliance operation: Private equity companies need to comply with relevant laws, regulations and regulatory requirements in stock trading.
2. Risk control: Private equity companies need to effectively control and manage investment risks to avoid investment losses caused by stock trading.
3. Information disclosure: Private equity companies need to disclose relevant information about stock trading to investors in a timely and accurate manner to protect investors' right to know.
4. Confidentiality principle: Private equity companies need to abide by the confidentiality principle to prevent the disclosure of transaction information and protect the interests of themselves and investors.