Private equity tycoons Feng Liu and Deng Xiaofeng's latest holdings are here!

Under Feng Liu's management, Gao Yi Linshan No.1 Yuanwang Fund entered the list of the top ten circulating shareholders of 10 A-share companies in the third quarter, with a total holding market value of approximately 19.538 billion yuan.

Specifically, Feng Liu increased his holdings in Beijing Tongrentang, Yantai Dongcheng Biochemicals, and Jonjee Hi-Tech in the third quarter; reduced his holdings in Angel Yeast, Nanjing King-Friend Biochemical Pharmaceutical; maintained his positions in Hangzhou Hikvision, LB Group, Shengyi Technology, Xinxiang Richful Lube Additive, Shanghai Titan Scientific; Holdings in Proya Cosmetics, Tofflon Science and Technology, Nantong Jianghai Capacitor remained unchanged.

Under Deng Xiaofeng's management, Gao Yi Xiaofeng No.2 Fund entered the list of the top ten circulating shareholders of 13 A-share companies in the third quarter, with a total holding market value of approximately 7.917 billion yuan. Gao Yi Xiaofeng Hongyuan Fund entered the list of the top ten circulating shareholders of 6 A-share companies in the third quarter, with a total holding market value of approximately 3.949 billion yuan.

Specifically in terms of holdings changes, in the third quarter of Xiaofeng No.2 fund there were new holdings in HBIS Resources; increased holdings in Anhui Jinhe Industrial; reduced holdings in Zijin Mining Group, China Jushi Co., Ltd, Huafon Chemical, Hubei Dinglong, Huakun Technology, Joincare Pharmaceutical, Tofflon Science and Technology, Nantong Jianghai Capacitor; Holdings in BOE Technology Group, TCL Corporation, and Nanxin Micro remained unchanged.

Deng Xiaofeng newly entered HBIS Resources, dedicating to the development of mineral resources in South Africa, mainly engaged in the mining, processing, and sales of copper, iron ore, and mica. The revenue proportions of magnetite, copper, and mica are 72.8%, 19.5%, and 5.5%, respectively.

Xiaofeng Hongyuan Fund reduced its holdings of Zijin Mining Group, China Jushi Co., Ltd., Huafon Chemical, Joincare Pharmaceutical Group Industry, Huqin Technology, and Nantong Jianghai Capacitor in the third quarter.

This year, Deng Xiaofeng has been reducing his positions, maintaining an overall cautious style. According to the information disclosed in Deng Xiaofeng's fund third-quarter report, the stock positions managed by him decreased from over 80% at the beginning of the year to over 70% by the end of June, with the total position more than 60% by the end of September, including 40% in A-shares and 20% in Hong Kong stocks.

In addition, Deng Xiaofeng pointed out in the third-quarter report that there are three main themes in the future market:

The first theme is based on the reorganization and diversification of the global supply chain, focusing on upstream raw materials such as nonferrous metals and chemicals. Due to the ongoing reorganization of the China supply chain led by global multinational companies, investment in manufacturing in regions like Southeast Asia, Mexico, and Eastern Europe is recovering and growing. The industrialization and urbanization in these regions will bring sustained demand growth.

The second main theme is to invest in the opposite direction, focusing on industries that have been continuously declining for the past three years due to industry policies or macro demand shortages, such as internet, domestic sportswear, and display panels in televisions.

The third main theme is based on a wide industry coverage, to identify companies from a stock-specific perspective that are likely to succeed in the industrial transformation process in the future, or whose profitability can continue to grow, such as a few companies in industries like building materials, pharmaceuticals, and military industry.