Deng Xiaofeng, the star fund manager who made a fortune of 10 billion dollars in Zijin Mining, reduced his holdings of cyclical stocks such as Zijin Mining, Yunlu shares, and China Aluminum in the first quarter of this year, sending a signal that some profits have come to an end for cyclical stocks.

Specifically, Deng Xiaofeng took action against the biggest stock. The market value of Zijin Mining once soared by more than 470 billion yuan this year, continuously reaching record highs. Deng Xiaofeng began taking heavy positions as early as 2019. The market expects its holding cost to be around 3 yuan/share, and Zijin Mining's stock price will rise to more than 19 yuan/share. Deng Xiaofeng made a lot of money from this investment.

When capital poured into cyclical stocks, Deng Xiaofeng began to reduce his holdings.

In the first quarter of this year, Gao Yi and Xiaofeng Hongyuan reduced their holdings of Zijin Mining by 56 million shares and 32.05 million shares respectively, reducing their holdings by a total of 88.05 million shares. Currently, they still hold 610 million shares, and the market value of their holdings at the end of the period is still as high as 10.273 billion yuan.

In the first quarter, China's aluminum industry surged 31%. In total, Deng Xiaofeng's products reduced its holdings of 73.1 million shares. At the end of the period, it held 230 million shares, and the market value of shares held at the end of the period was 1.7 billion yuan.

Yunlu shares rose 13% in the first quarter. Deng Xiaofeng reduced his holdings of Yunlu by 25.69 million shares, holding 56 million shares at the end of the period, and the market value of shares held at the end of the period was 773 million yuan.

After reducing his holdings of cyclical stocks, Deng Xiaofeng began studying automotive chip stocks?

In the first quarter, Gao Yi Xiaofeng bought Xinwei on the 2nd, and Gao Yi Xiaofeng sent a letter to the fund on the 2nd to buy 1.7 million shares, with a market value of 170 million yuan at the end of the period.

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In addition, Gao Yi Xiaofeng sent a letter 2 to the Fund's holdings in Huaqin Technology, Health Yuan, China Jushi, Jianghai, Yuantong Express, Dinglong, and Lianlong in the first quarter; increased its holdings in Huafeng Chemical; and reduced its holdings in Dongfulong and Ruike Laser.

Xiaofeng Hongyuan Fund's holdings in Huaqin Technology, Health Yuan, China Jushi, Jianghai, and Dinglong shares remained unchanged in the first quarter; increased its holdings in Huafeng Chemical; and reduced its holdings in Dongfulong and Ruike Laser.