With the disclosure of listed companies' annual reports and quarterly reports, the latest position adjustment trends of star fund managers came to light.

Rongsheng and Ruifeng Huibang, the two largest 10 billion private equity funds that have held Maotai for more than 5 years, both withdrew from Maotai's top ten tradable shareholders in the first quarter.

According to the details of the top ten shareholders of Kweichow Moutai, in the fourth quarter of last year, Jinhui Rongsheng Private Equity Fund reduced its holdings by 1,114,300 shares, and Ruifeng Huibang Private Equity Fund reduced its holdings by 2.182 million shares. After the holdings were reduced, Jinhui Rongsheng and Ruifeng Huibang still held 7.92 million shares and 6.75 million shares of Maotai, with a market value of 13.674 billion yuan and 11.652 billion yuan respectively.

In the first quarter of this year, Jinhui Rongsheng Private Equity Fund and Ruifeng Huibang Private Equity Fund disappeared into the top ten tradable stocks in Kweichow Moutai. Currently, Kweichow Moutai has the tenth largest number of shares in circulation, with 4.7101 million shares. As can be seen, Jinhui Rongsheng and Ruifeng Huibang drastically reduced their holdings of Maotai in the first quarter, and the possibility of clearing the inventory is not ruled out.

The two major private equity firms have held Maotai positions for over 5 years and have reaped a lot. Earlier, some investors suspected that these two major private equity firms were related to Duan Yongping. Duan Yongping responded on social platforms that he did not sell Kweichow Moutai.

1

Feng Liu is new to this company, and Zhu Shaoxing is reducing his holdings

As of April 27, in the first quarter, Feng Liu joined a new company, added three companies, and reduced his holdings of three companies. The number of shares held in the four companies Kanghua Biotech, Shunxin Agriculture, Shengyi Technology, and Shanghai Jiahua remained unchanged.

(The content of this article is a list of objective data and information and does not constitute any investment advice)

Feng Liu added Ruifeng New Materials in the first quarter and bought 10 million shares. The market value of the shares held at the end of the period was 383 million yuan, making him the third-largest tradable shareholder of the stock.

Ruifeng New Materials is mainly engaged in R&D, production and sales of fine chemical products such as oil additives and carbonless paper colorants. The company's products are fine chemicals. According to use, they can be divided into two categories: lubricant additives and carbonless paper colorants. The leading products are lubricant additives. The company achieved revenue of 714 million yuan in the first quarter, an increase of 14.41% year on year; net profit to mother was 153 million yuan, an increase of 57.77% year on year.

It is worth noting that Ruifeng New Materials is also a “well-intentioned” star public fund manager Zhu Shaoxing. The Fuguo Tianhui Fund, managed by Zhu Shaoxing, became the top ten shareholders of Ruifeng New Materials with 5.082 million shares in the fourth quarter of 2021; it once held 13.9916 million shares in the third quarter of 2023.

In the fourth quarter of 2023, Zhu Shaoxing began to continuously reduce his holdings of Ruifeng New Materials. As of the end of the first quarter of this year, his latest holdings were 12 million shares, with a market value of 459 million shares at the end of the period.

Feng Liu added 8 million shares of Longbai Group in the first quarter, and the market value of shares held at the end of the period rose to 1,515 billion yuan; he slightly increased his holdings in Dongcheng Pharmaceutical, Angel Yeast, Kanghua Biotech, etc.

In the first quarter, Feng Liu reduced his holdings in Hikvision, Baofeng Energy, and Zhongju Hi-Tech.

Hikvision has always been Feng Liu's heavy stock holdings. After reducing his holdings by 8 million shares in the fourth quarter of last year, he reduced his holdings by 16 million shares in the first quarter. By the end of the first quarter, Feng Liu held 411 million shares of Hikvision, with a market value of about 13.218 billion yuan at the end of the period.

Feng Liu reduced his holdings of Baofeng Energy by 40 million shares in the first quarter. The latest holding was 60 million shares, with a market value of 981 million yuan at the end of the period; he reduced his holdings of Zhongju Hi-Tech by 21 million shares. The latest holding was 15 million shares, and the market value of shares held at the end of the period was 396 million yuan.

2

Dan Bin talks about Nvidia

The AI “shovel seller” Nvidia made a full recovery. It surged 10% in two days, and its market capitalization surged by 200 billion US dollars; this week it has accumulated a cumulative increase of 15.14%, increasing its market value by nearly 290 billion US dollars, the biggest weekly increase since May 2023.

Nvidia's first DGX H200 worldwide was officially delivered to OpenAI, and Nvidia CEO Hwang In-hoon personally delivered it. According to OpenAI President Brockman, this will advance artificial intelligence, computing, and human development.

Recently, there have been sharp fluctuations in the 10 billion Oriental Port products. The recent trend of many products is similar to Nvidia's stock price trend. According to data from the Private Equity Ranking Network, from April 15 to April 19, many products under Oriental Port retracted by more than 10% on a weekly basis, and the weekly net value of the Dongfang Gangwan Qiting No. 1 Private Equity Investment Fund fell 11.06%.

Industry insiders speculate, but Bin may have taken a heavy position with Nvidia.

However, Bin responded on social media: Indeed, Nvidia's decline had an impact on us! However, it has been rising quite a bit for two days. It will continue to rise before the market tonight. Maybe the one that fell last week will go back up this week. If the quarterly results are good, it may break through and stand above 1,000!

However, Bin expressed his confidence in Nvidia: “Nvidia fell 10% last Friday. It has rebounded quite a bit over the past two days. If it rises again tomorrow, it will come back again! Nvidia revealed its first-quarter results on May 22. If good, the possibility of breaking through the $1,000 mark at a record high is not ruled out. Historically, every sharp drop in US stocks was an opportunity to buy. The trend over the past two days once again confirmed this view. Looking at the long-term profitability of an enterprise is the most critical. This should be the fundamental point of thinking about investment. Otherwise, in order to avoid short-term changes or risks, greater opportunities will be missed, and investments should be viewed as far as possible.”

In the past two years, however, Bin has been very fond of the artificial intelligence sector, and some products have achieved great results due to investment in US stocks.

Oriental Harbor worked overtime during the New Year's Day holiday to publish a long article of more than 4,000 words, focusing on the direction of AI investment and pointing out that AI is looking ten years from now, and everything has just begun. Dongfang Gangwan believes that the influence of AI technology on human society is far more far-reaching than the previous Internet technology, making it a greater enterprise and creating more impressive wealth.

Regarding the AI question, fans previously questioned him singing at a high rank, but Bin said, “Is it at a high position or at the foot of the mountain, the benevolent see the wise, but if you think about “why would the vast majority of people miss an era”?! At the dawn of any major era, why are there always a few who make big money?!

However, Bin also revealed that the company's investment direction is shifting to the field of artificial intelligence, and the investment and research team is also focusing more on talents in the field of technology.

As stock price fluctuations increase, investors' differences over technology stocks and US stocks are also growing.

Goldman Sachs believes that AI drives the rapid operation of the market, but “AI fuel” is far from being exhausted. The stock market is in the first stage of the AI-led boom, and its influence will continue to expand, boosting more and more industries.

Jeremy Grantham, co-founder and chief investment strategist at asset management company GMO, said in an interview that US stock prices are now ridiculously high and are likely to be in trouble. He believes that the artificial intelligence concept that is now being feverishly hyped up by the market is a “bubble that is bound to burst.”

Chen Yu, general manager of the well-known private equity giant V Beijing Shennong Investment, published an article in late March to raise the risk of buying Nvidia. Furthermore, he believes that for domestic investors to invest in US stocks, on the one hand, research lacks precision and must overcome the two major barriers of science and geography; on the other hand, there are also risks due to insufficient understanding of the US stock market.

3

Another regional bank has gone out of business in the US

After experiencing the collapse of 3 banks a year ago, the aftermath of the turmoil in US regional banks doesn't seem to be over yet.

On April 26, local time, the US Federal Deposit Insurance Corporation suddenly announced that the Pennsylvania regulators closed the Philadelphia-based First Bank of the United States and agreed to sell it to Fulton Bank.

First Bank of the United States became the first bank in the US to be closed this year. It is also the fourth high-profile bank failure in the US region since last spring.

According to data disclosed by the Federal Savings Insurance Company, as of January 31, the First Bank of the United States had assets of about 6 billion US dollars, and the total deposit size was 4 billion US dollars.

In addition to deposits, Bank of America also has about $1.3 billion in loans and other liabilities, Fulton Bank said in a statement.

The US Federal Savings Insurance Company estimates that the loss of deposit insurance funds may reach US$667 million due to the collapse of Republic First Bank.

Analysts pointed out that local banks across the US are in a turbulent period because rising interest rates hurt their credit-dependent industries. Rising US interest rates and falling commercial real estate values (office vacancy rates soared after the pandemic) have exacerbated the financial risks of many regional and community banks.

In March of this year, S&P Global Ratings announced a downgrade of the prospects for five US banks because pressure from the commercial real estate market could damage banks' asset quality and performance. Affected by this, the KBW Regional Bank Index once plummeted by more than 13.5% during the year.

The latest situation shows that financial institutions such as US regional banks need to sell assets to maintain balance sheet stability, while the Federal Reserve's policy has increased the pressure on asset price fluctuations.

Last month, an investment group including Steven Mnuchin, who served as Treasury Secretary in former President Trump's administration, agreed to pour over $1 billion to save New York Community Bank.