On June 29th, Cailian Press reported (Journalist Qijuan Feng) that the pace of stock repurchases and shareholdings by listed companies continued in June, and institutional second-quarter repositioning also emerged as a result of this.

Since the second quarter, Chacha Food has newly entered the top ten shareholders of Chacha Food's repurchase dedicated securities account, while Hu Xinwei's Huitianfu Consumer Industry continues to reduce its holdings of this stock. Since the fourth quarter of last year, Hu Xinwei has sold Chacha Food for three consecutive quarters; and Qiu Dongrong has sold Shanying International for two consecutive quarters. Feng Mingyuan's two products have exited the top ten shareholders of Zero Point.

Also belonging to the new energy concept shares, since the second quarter, Zheng Zehong of Huaxia Fund and Li Rui's products under Oriental Fund have increased their holdings of Shanghai Putailai, and Guotou UBS Shi Cheng's products are new among the top ten shareholders of the company; Yang Ruiwen's two products under Invesco Great Wall have already quit the top ten shareholders of Guoli Stock since the second quarter.

Interestingly, among the top two pharmaceutical retail chains in Yunnan, Yixintang and Yunnan Jianzhijia, both have Wanminyuan's products among their top ten shareholders, but since the second quarter, Wanminyuan has reduced its holdings of the first-ranked Yixintang and increased its holdings of the second-ranked Yunnan Jianzhijia.

Apart from public funds, the reshuffling operations of domestic brokerages and foreign institutions have gradually surfaced. Comparatively, foreign institutions seem to be more focused on A-share small-cap stocks, commonly seen to rebalance small-cap stocks such as Goldman Sachs Group, JPMorgan Securities, Merrill Lynch Securities, and Barclays Bank.

Looking at Goldman Sachs Group, since the second quarter, Teyi Pharmaceuticals and Thalys Medical Technology Group Corporation have entered the top ten shareholders, and they have increased their holdings in two upstream consumer stocks, Guangdong Jialong Food and Shanghai Challenge Textile. As for the frozen food stocks Huifa Food and Haixin Foods, the Goldman Sachs Group has entered the top ten shareholders of the former in the second quarter and exited the top ten shareholders of the latter. The stock prices of these two stocks have fallen 16.08% and 25.59% respectively in the second quarter.

As for top domestic brokerages, since the second quarter, China Securities Co., Ltd. has newly entered the consumer electronics concept stock Shanghai Laimu Electronics and increased their holdings in the fast-moving consumer goods packaging stock Org Technology; China Securities Co., Ltd. pays more attention to specialized equipment stocks and has newly entered Suzhou Hailu Heavy Industry's top ten shares and has exited Teruisi's top ten shares, which is natural gas metering equipment.

Hu Xinwei, Qiu Dongrong, and Feng Mingyuan's second-quarter repositioning.

Compared with the first quarter, Hu Xinwei's Huitianfu Consumer Industry has reduced its holdings of Chacha Food by 300,000 shares since the second quarter, and Fu Youxing's Guangfa Steady Growth Fund maintains its previous holdings. Since the second quarter, Chacha Food's repurchase special securities account and China People's Property Insurance's new top ten shareholders of its stocks have entered the scene, and Anben Global China A-Share Fund has exited it.

After reducing their holdings by 5.408 million shares in the first quarter, Qiu Dongrong's Zhonggeng Small-Cap Value Fund has reduced their holdings of papermaking stocks Shanying International by 8.9261 million shares since the second quarter, a decrease of 34.33%.

In the top ten shareholders of Zhite New Material's equity, as of June 14, Qiu Dongrong's Zhonggeng Value Dynamic Configuration and Chen Tao's Zhonggeng Value Pioneer have maintained their holdings since the second quarter.

At the end of the first quarter, Xinda Oceania occupied four seats among the top ten shareholders of Zero Point. However, since the second quarter, Feng Mingyuan's Xinao Zhiyuan three-year, Xinao Leading Selection, and Qixingfang's Xinao Advanced Intelligent Manufacturing have already exited the top ten shareholders of Zero Point; at the same time, Xu Cong's Xinao Core Technology A has reduced its holdings of the stock by 1.5355 million shares. It is reported that Zero Point provides public affairs data analysis and decision support services, as well as commercial data analysis and decision support services.

Since the second quarter, Shanghai Putailai New Energy Technology has been increased by 7.7675 million shares by Huaxia Energy Revolution under Zheng Zehong and 1.4107 million shares by Dongfang New Energy Vehicle under Li Rui. Compared with the end of the first quarter, Guotou Ruiyin New Energy under Shi Cheng has become one of the top 10 shareholders of the stock.

As of June 25, since the first quarter of 2021, Huaxia Energy Revolution has been one of the top ten shareholders of Shanghai Putailai New Energy Technology for 14 consecutive quarters; Dongfang New Energy Vehicle Theme has also been one of the top ten shareholders of the stock for 9 consecutive quarters.

Compared with the end of the first quarter, Yang Ruiwen's JingShun Changcheng New Energy Industry and JingShun Changcheng Electronic Information Industry have exited the top ten shareholders of National Power Corporation, another new energy concept stock.

Yixintang Pharmaceutical and Yunnan Jian Zhijia, as the top two medical and pharmaceutical retail chain companies in Yunnan, have the shadow of products under Wanminyuan under the top ten shareholders of individual stocks.

As of June 26, Wanminyuan's Rongtong Health Industry has reduced its shareholding in Yixintang since the second quarter, while Guoti Ruiyin Ruirui and Guoti Ruiyin Optimized Enhancement under Qi Fupeng have increased their shareholdings; during the same period, Rongtong Medical and Health Industry jointly managed by Wanminyuan and Liu Xiyang increased their shareholdings in Jianzhijia, and their shareholdings in Rongtong Health Industry remained unchanged. Guotai Taihe and Guotai Medicine and Health have both increased their holdings in the stock. However, Anxin Medical and Health under Chi Chensen has reduced its shareholding in Jianzhijia.

Since the first quarter, Sun Meng's Huaxia Zhisheng Pioneer has exited the top ten shareholders of Tianmao Group and entered the top ten shareholders of Sunway Co., Ltd. Former mainly engaged in all kinds of personal insurance business and insurance sales, fund sales business, the latter engaged in the research and development and production of high-end special cables. In the first quarter, similarly, Magen's Guojin Quantitative Multi-strategy, which was once known for its micro-pan quantitative style, has also exited the top ten shareholders of Tianmao Group.

Another quantitative fund manager Wang Ping, under whom CMB Quantitative Selection entered the top ten shareholders of WPG (Shanghai) Smart Water Co., Ltd. Since the second quarter, he has exited the ranks. WPG is a provider of comprehensive solutions for the intelligent water affairs based on the industrial Internet. It is a small-cap stock with a new market value of less than 3 billion yuan.

Since the second quarter, Ye Yong's Wanjia Beijiao Exchange Hui Xuan Two-year Regular Open A Fund has entered the top ten shareholders of Fengguang Precision under Beijiao Exchange. During this period, Kaiyuan Securities has increased its holdings of individual stocks such as Kangpu Chemical under Beijiao Exchange.

Are foreign institutions more interested in small-cap stocks?

According to the announcement in June, since the second quarter, the Goldman Sachs Group has newly added the shareholders of the individual stocks of Huifa Food and Teyi Pharmaceutical, and has also jointly newly added the top ten shareholders of thalys medical technology group corporation with SWHY; at the same time, it has increased its holdings of seasonings stocks Jialong Food and textile fabric stocks Challenge Textile by 14.72% and 187.24%, respectively; compared to the end of the first quarter, the Goldman Sachs Group and SWHY have simultaneously withdrawn from the top ten shareholders of Haixin Foods.

During this period, Jia Linjie's top ten shareholders include Morgan Stanley Securities and Merrill Lynch Securities; Guangdong Jialong Food's newly added top ten shareholders include the Swiss United Bank Group and the French Bank of Paris; since the second quarter, the Swiss United Bank and Morgan Stanley have simultaneously withdrawn from the top ten shareholders of Huifa Food, while Morgan Stanley has also withdrawn from the top ten shareholders of thalys medical technology group corporation. From the perspective of its main business, thalys medical technology group corporation is engaged in intensive sales, simple sales and the research and development and production of independent extracorporeal diagnostic products.

In the second quarter, JPMorgan and Barclays Bank have newly entered the top ten shareholders of Zero Point Number Securities.

As of June 17, the French Industrial Bank, newly entered into the top ten shareholders of Sunway Co., Ltd. in the first quarter of this year, has withdrawn from the top ten shareholders since the second quarter.

Upon investigation, all 8 stocks mentioned above are small-cap stocks. The latest data shows that, except for Teyi Pharmaceutical Group's total market value of 3.9 billion yuan, the total market value of the other 5 stocks did not exceed 2 billion yuan.

In addition, major domestic brokerage firms have begun to adjust their positions in multiple mid and small-cap stocks.

In addition to Haixin Foods, SWHY withdrew from the top ten shareholders of Nanqiao Foods in the second quarter. Public information shows that Nanqiao Foods' main products include five major series: bakery application oil, whipped cream, dairy products, frozen dough, and fillings.

Since the second quarter, CITIC Securities has newly entered into Consumer Electronics concept stock Shanghai Laimu Electronics, and China Merchants Securities has also increased its shareholding in Org Technology. This company provides comprehensive packaging solutions for various fast-moving consumer goods customers and is the first A-share listed company in the domestic metal packaging industry.

Compared to the others, China Securities Co., Ltd. pays more attention to special equipment stocks. After entering the second quarter, it newly entered into the top ten shareholders of Suzhou Hailu Heavy Industry. This company's main products and services are the treatment and recycling of industrial waste heat boilers, large and special material pressure vessels, nuclear safety equipment, solid waste, waste water and other pollutants, as well as photovoltaic power stations. At the same time, it has withdrawn from the top ten shareholders of TraceSafe. TraceSafe is engaged in the research, production, and sales of natural gas pressure regulating and measuring equipment.

Since the second quarter, China International Capital Corporation has withdrawn from the top ten shareholders of Sichuan Hebang Biotechnology and Nanjing Business & Tourism Corp., Ltd. Among them, Hebang Biotechnology's main business is manufacturing of chemicals, pesticides, feed additives, glass and products, photovoltaic materials and products, and salt mines.