The Zhitong Finance App learned that on April 22, Xingquan Herun and Xingquan Heyi, a well-known fund manager of Xingzheng Global Fund, released their first quarter report for 2024. According to the first quarterly report, Xing Quan Helun and Xing Quan Heyi managed by Xie Zhiyu still maintained high position operations, and both funds increased their positions during the Ningde era (300750.SZ). Looking at various sectors, Xie Zhiyu said that resource products such as gold, copper and oil have risen, AI applications have continued to expand, intelligent driving has made significant phased progress both overseas and domestically, and the low-altitude economy has begun to flourish in Shenzhen and other places, and trade-in continues to provide momentum for the economy. Judging from the market style, attention to undervaluation and high dividends is still high, and developments in emerging fields are also worth paying attention to.

Specifically, as of the end of the reporting period, the net fund share value of Xingquan Herun Hybrid was 1.3512 yuan. The net fund share value growth rate during the reporting period was -3.95%, and the benchmark yield for the same period was 3.04%.

In terms of changes in positions, Xingquan Herun's hybrid holdings increased during the Ningde era, and this stock became the fourth most heavily held stock. In addition, China Micro Corporation (688012.SH) has also entered the fund's top ten major stocks. Hikvision (002415.SZ) and IFF (601138.SH) withdrew from the top ten heavy-duty stocks.

By the end of the first quarter, Xingquan Herun's top ten stocks were Haier Smart Home (600690.SH), Lanqi Technology (688008.SH), San'an Optoelectronics (600703.SH), Ningde Times, Jingchen (), Meihua Biotech (DAB), Bull Group (Sichuan), Tongfu Microelectronics (002156.SZ), China Micro, and New Industries (300832.SZ). 688099.SH 600873.SH 603195.SH

It is worth noting that Xing Quan Heyi also increased its holdings in the first quarter during the Ningde era. As of the end of the first quarter, the number of shares held was 3.3764 million shares. The number of shares held increased by 62% over the fourth quarter, and jumped to the second largest stock in the fund. Furthermore, Bubble Mart (09992) entered, and the new industry withdrew from the top ten major warehouses.

By the end of the first quarter, the fund's top ten stocks were Kuaishou-W (01024), Ningde Times, Lanqi Technology, Haier Smart Home, Sanan Optoelectronics, Meihua Biotech, Jingchen Co., Ltd., Bull Group, Bubble Mart, and Tongfu Microelectronics.

In terms of performance, as of the end of the reporting period, the net fund share value of Xingquan Heyi Hybrid A was $1.2254, and the net fund share value growth rate during the reporting period was -4.44%; the net fund share value of Xingquan Heyi Hybrid C was 1.1958 yuan, and the net fund share value growth rate during the reporting period was -4.59%.

Xie Zhiyu said in a quarterly report that domestic export growth picked up in the first quarter of this year, expectations of the Federal Reserve's interest rate cut are heating up, overseas PMI has exceeded the boom and bust line, and the overall overseas economy continues to recover. Looking at various sectors, resource products such as gold, copper and oil have risen, AI applications have continued to expand, intelligent driving has made significant phased progress both overseas and domestically, and the low-altitude economy has begun to flourish in places such as Shenzhen, and trade-in continues to provide momentum for the economy. Judging from the market style, attention to undervaluation and high dividends is still high, and developments in emerging fields are also worth paying attention to.

He pointed out that both of these funds maintained high positions during the reporting period, exploring industrial chains related to artificial intelligence, intelligent driving, AI applications, pharmaceutical consumption, etc., and selecting and arranging hardware and software companies with long-term competitiveness and broad application space. In the future, we will continue to explore the company's long-term growth value and continue to search for excellent companies with good investment and cost performance.