According to the second quarter report of public funds, the three industries with the highest allocation weight are the electronics, pharmaceuticals, and food and beverage industries. The allocations are 15.4%, 11.16%, and 9.5%, respectively.
The Zhitong Finance App learned that Guoxin Securities Dianping Public Fund's 2024 second quarter report said that the median common equity fund position was 90.18%, and the median partial share hybrid fund position was 88.47%, all slightly lower than the previous quarter, and continued to fluctuate around 90% of positions since 2020. Furthermore, the median Hong Kong stock positions of common stock and partial share hybrid funds were 16.24% and 13.23% respectively, both of which were significant increases from the previous quarter. According to the second quarterly report, the three industries with the highest allocation weight are the electronics, pharmaceuticals, and food and beverage industries. The allocation weights are 15.4%, 11.16%, and 9.5%, respectively.
The main views of Guoxin Securities are as follows:
Fund position monitoring
The median position of ordinary equity funds was 90.18%, and the median position of partial equity hybrid fund was 88.47%, both slightly lower than the previous quarter, and have continued to fluctuate around 90% positions since 2020. Ordinary equity fund positions are at the historical 68.97% quantile, and partial share hybrid fund positions are at the historical 74.14% quantile.
The median Hong Kong stock positions of common stock and partial share hybrid funds were 16.24% and 13.23%, respectively, both of which were significant increases from the previous quarter. The number of common stock funds allocated to Hong Kong stocks was 201, and the number of partial share mixed funds allocated to Hong Kong stocks was 1,360. Among ordinary share and partial share hybrid funds, the number of funds allocated to Hong Kong stocks was 52.56%.
Fund shareholding concentration monitoring
Fund managers' shareholding concentration has increased slightly since 2023, indicating that the degree of diversification of fund managers' investments has declined in the past year. The number of shares held by the fund decreased slightly in the second quarter of 2024 compared to the previous quarter, which means that the differentiation of shares held by fund managers decreased slightly.
Section configuration monitoring
The main board allocation weight disclosed in the 2024 second quarter report is 64.25%, the GEM allocation weight is 15.49%, the Science and Technology Innovation Board allocation weight is 8.66%, and the Hong Kong stock allocation weight is 11.6%. Among them, the share of the Hong Kong stock allocation increased markedly compared to the previous quarter, the weight of the main board decreased compared to the previous quarter, and the share of the GEM board and the science and technology innovation board decreased slightly.
Industry configuration monitoring
According to the 2024 Second Quarterly Report, the three industries with the highest allocation weight are the electronics, pharmaceuticals, and food and beverage industries. The allocations are 15.4%, 11.16%, and 9.5%, respectively.
The three industries that actively increased their positions were the electronics, communications, and machinery industries, which increased their positions by 2.2%, 0.98%, and 0.81% respectively; at the same time, the food and beverage, power equipment, and new energy and pharmaceutical industries actively reduced their positions by 2.65%, 0.5%, and 0.33%, respectively.
In terms of Hong Kong stocks, the communications services and non-daily consumer goods industries had the highest allocation, with an industry weight of 22.46% and 20.58%, respectively; the real estate and utilities sector had the lowest allocation of 2.33% and 3.14%, respectively.
Individual stock allocation monitoring
The three stocks with the highest absolute market capitalization allocations are Ningde Times (300750.SZ), Kweichow Moutai (600519.SH), and Tencent Holdings (00700), with absolute market capitalization of 477, 429, and 37.5 billion yuan, respectively.
High-performance fund and 10-billion fund industry allocation monitoring
The three industries with the highest allocation of merit funds are the electronics, communications, power and utilities industries, with allocation weights of 39%, 23.29%, and 9.37%, respectively.
The three industries with the highest 10 billion fund allocations are the food and beverage, electronics, and pharmaceutical industries, with allocation weights of 23%, 20.29%, and 16.87%, respectively.