Shigekura Super Five-Year Taurus Fund Manager’s “Pooled Stocks” that attracts attention

Summary

[Azioni pesanti da più di cinque anni, le “scorte accumulate” dei gestori di fondi Jinniu attirano l’attenzione]After resolving some of the positions of Jinniu fund managers, who can be called “long distance runners,” a China Securities News reporter found that the top ten heavyweight stocks in many quarterly fund reports have changed very little. Some even only have adjustments to the number of shares held. The top ten heavily held shares remain broadly unchanged and the holding period for high quality shares is very long. (China Securities Journal)

Selecting the part called “long distance runner”BullbottommanagerPositionAfter ChinaTitlesThe reporter found that the top ten heavy stocks in many quarterly fund reports changed very little, and some even adjusted only the number of shares.Reserve baseThe capital remains unchanged and the holding cycle for high quality shares is very long.

between them,National porcelain materialIt was held by Taurus fund manager Zhu Shaoxing for six years and also took over 700% of the fundinvestmentReturn.Chenguang Stationery、Wo Wu BiologyAfter being heavily invested by Jinniu fund managers for nearly five years, the share price has risen by over 300% .As you can see, superlongEquity holdings and time minimization are becoming the mainstream of Taurus fund managersCognition。

　　Preference for very long-term holdings

Comb Zhu Shaoxing, a veteran Golden Bull fund managermanagementThe rich growth of Tianhui mixed with heavy stocks found thisNational porcelain materialsZhu Shaoxing has been held heavily by Zhu Shaoxing for six years, and it is also the title he has held the longest. Since its first appearance in the top ten heavyweight titles in the third quarter of 2014, the title has never lost the top ten heavyweight titles in any fund’s quarterly report.There is also a longer holding time for Fuguo Tianhui GrowthYili sharesSince the second quarter of 2016, the stock has not ranked in the top ten heavy stocks only in the second quarter of 2018 and has its presence in the top ten heavy stocks of the fund’s remaining 17 quarterly reports.

Comb the three-year periodHybridTaurus Fund——InvescoMixed locations of the Great Wall Dingyi can be found,Chenguang StationeryIt is the longest stock held by its fund manager Liu Yanchun, with a holding period of more than five years First entered in the second quarter of 2016InvescoAfter the top ten heavyweight titles of the Great Wall Dingyi,Chenguang Stationery“Stable position”, ranked in the top ten heavyweight titles in every quarterly report ever since.

exceptChenguang StationeryAlso, since the end of 2016, Liu Yanchun has been presentLuzhou LaojiaoAmong the top ten most heavily held fund stocks in the fourth quarter of 2016 aloneLuzhou LaojiaoA liquor broth;WuliangyeIt was removed from the fund’s top ten heavy stocks during the full year 2018 and early 2019. In the first quarter of 2019, among the fund’s top ten largest stocksTo share4 liquor stocks,Luzhou LaojiaoThe size of the position is in advanceGujing Gongjiu、Kweichow MoutaiwithYanghe shares。

Winning also the Taurus three-year hybrid fund is the constant growth of GF, the fund manager Fu Youxing manages theProductFive years have passed. between them,Wo Wu BiologyIt has been held by him for nearly four years, and it is also the title that has been held for the longest time. Since his first appearance in the top ten heavyweight titles with steady growth of the GF in late 2017,Wo Wu BiologyIt also “sticks” to the top ten heavy stocks in the fund’s quarterly report. Furthermore,Chongqing BeerIt was also taught by Fu Youxing Shigekura for more than 2 years. It is worth noting thatYifeng PharmacyAfter entering GF’s top ten strong holdings for the first time in late 2018, through Q3 2020, the fund’s top ten holdings haveYifeng PharmacyTo exhibit.

Dong Chengfei, the fund manager of the China Industrial Securities Global Fund, has distinctive investment characteristics, such as a very long holding period and small variations in the top ten heavyweight stocks. By resolving the conflicting positions of Xingquan’s trend investment in the seven-year hybrid fund Taurus managed by Dong Chengfei,Ping An of ChinaIt is Dong Chengfei’s longest stock in the past five years. After ranking the fund’s second largest stock in Q2 2017, the fund holdsPing An of ChinaTill now; followed byPoly Real EstatewithSongcheng Performing Arts, The fund has been held since the end of the fourth quarter of 2017.Sany Heavy IndustryAfter entering the fund’s top ten heavy stocks in Q2 2018, they have been held by Dong Chengfei to date.Yonghui supermarketIt was also kept out of its heavy warehouse for two years.

　　The awkward stocks performed well

In fact, the above data is just the result of researching the top ten most heavily held stocks in the fund’s quarterly report. If all of the fund’s holdings are included, the holding period of some shares may be longer.

Overall, the high-performance stocks held massively by Taurus fund managers have long-term performance.For example, the growth of rich country Tianhui mixed long-term holdings managed by Zhu ShaoxingNational porcelain material, As of November 12, the share price has increased 716.34% since July 2014. Managed by Liu YanchunInvescoSince the second quarter of 2016, the share price of Chenguang Stationery, which is held by Great Wall Dingyi for a long time, has risen by more than 370%. Additionally, Wuwu Bio, which has long been held by Fu Youxing, has seen its share price rise more than 360% since its purchase.

You can see that despite thatmarketStyle rotationThe step is obvious, but insisting on long-term value investing and minimizing time is gradually becoming the core knowledge of Taurus fund managers. Choosing the right stocks and holding them for long can also earn “long bulls”.

(Source: China Securities Journal)

(Responsible publisher: DF380)