Liu Yanchun increased by more than 18%in the second quarter of the management fund, and reduced its holdings of 3 liquor stocks during the period

On the morning of July 21, 2022, the Jingshun Great Wall Fund disclosed the latest quarterly report of its products, and Liu Yanchun, a well -known fund manager Liu Yanchun, in the second quarter and the latest positioning.

The financial report disclosed that the Jingshun Great Wall Dingyi Mixed (LOF) (162605) is now managed by Liu Yanchun. As of the end of the second quarter of 2022, the fund size was 19.568 billion yuan, an increase of about 2.729 billion yuan from 16.839 at the end of the first quarter. In the second quarter of 2022, the fund's net share growth rate was 18.15%, and the performance comparison benchmark yield was 5.06%.

In terms of asset allocation, as of the end of the second quarter of 2022, the fund's stock position was 92.95%, an increase of 3.57 percentage points from 89.38%in the first quarter. In terms of industry, the liquor industry was mainly reduced in the second quarter.

According to the financial report, as of the end of the second quarter of 2022, the top ten heavy stocks of Jingshun Great Wall Dingyi Mixed (LOF) were Wuliangye (9.99%), Luzhou Laojiao (9.94%), China Medical (9.88%), Guizhou Moutai (9.68%) Mai Rui Medical (8%), Gujing Gongjiu (6.37%), Yaoming Kangde (6.23%), Shanxi Fenjiu (5.22%), Haida Group (4.91%), Alle Ophthalmology (4.51%) The top ten stocks accounted for 74.73%.

Chart source: choice data

In the second quarter of 2022, Liu Yanchun reduced Wuliangye, Luzhou Laojiao, Guizhou Maotai, and reduced its holdings of 79,000 shares, 107,500 shares, and 37,600 shares. Judging from the latest top ten heavy stocks, compared to the first quarter of 2022, Shanxi Fenjiu and Aier Ophthalmology have entered the top ten heavy warehouses.

In the financial reporting strategy and operation analysis, the fund manager Fu Liu Yanchun said that the Chinese economy in the second half of the year was clear. It is expected that the physical financing will be further accelerated and the structure will gradually improve. Demand expansion and cost decline, my country's real economy as a whole has entered a period of profit expansion. After the economy is stabilized, the necessity of overly loose liquidity environment decreases, and market interest rates are expected to gradually move closer to policy interest rates. Although the liquidity of the financial system has converged, the overall valuation level of the stock market continues to expand. Economic recovery and improvement of corporate profitability are the main driving force of the market at this stage. The strength and continuity of the recovery need to be followed in the second half of the year.

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