According to the data, by the end of the first quarter, the total size of Zhang Kun's funds was less than 65 billion dollars, a slight decline from the end of last year. Specifically, out of the four funds managed by Zhang Kun, the largest E-Fangda blue chip selection. In the past few quarters, Kweichow Moutai and Tencent Holdings were often alternately in charge of the top stocks selected by E-Fangda Blue Chip. However, in the first quarter of this year, as cyclical stock prices exploded, CNOOC promoted the fund's largest stock for the first time. In addition, the fund's second-largest to fifth-largest stocks were Wuliangye, Luzhou Laojiao, Tencent Holdings, and Kweichow Moutai in that order. They remained essentially unchanged from the previous quarter; only Wuliangye and Kweichow Moutai were slightly reduced. Among the remaining top ten heavy-held stocks, the number of positions held by Shanxi Fenjiu remained the same as in the previous quarter. However, as the market value increased due to rising stock prices, the stock was newly added to the top ten heavy-held stocks. The stock price of Yao Ming Biotech plummeted 51.69% in the first quarter and “disappeared” from the top ten heavy-held stocks.