On December 8, Financial Associated Press reported (by journalist Feng Qijuan) that with the continuous release of share repurchase announcements by listed companies, the adjustment operations of institutional investors have gradually emerged. According to disclosed information, there have been many public fund and foreign capital adjustment operations.

Since the fourth quarter, Huang Hai has still shown a preference for the coal sector, entering the top ten shareholders of Pingdingshan Tianan Coal Mining in managed products. Feng Mingyuan entered the top ten shareholders of new material stocks in the fourth quarter; two pharmaceutical fund managers, Zhao Bei and Wan Minyuan, have entered the top ten shareholders of pharmaceutical commerce stocks and biological product stocks respectively. Furthermore, well-known fund managers such as Gao Nan, Fu Youxing, and Zhu Hongyu have also entered the top ten shareholders of their managed products.

Meanwhile, it has been observed that Yang Jinjing's Jiao Yin Qi Cheng has slightly reduced its holdings in Runfeng Group in the fourth quarter. In addition, Hu Xinwei's Huitianfu Mid-Cap Value Select became a new top ten shareholder of Jiangsu Zhongtian Technology in the third quarter but exited that position since the beginning of the fourth quarter.

After sorting through, frequent signs of foreign capital adjustment have been observed in several chemical material stocks. Since the fourth quarter, Morgan Stanley, JPMorgan Securities, and Goldman Sachs have all entered the top ten shareholders of FSPG Hi-Tech. JPMorgan Securities, Swiss Franc United Bank Group, and Goldman Sachs Group have exited the top ten shareholders of Nanjing Chemical Fibre. Swiss Franc United Bank Group and BNP Paribas have entered the top ten shareholders of Shengquan Group; Morgan Stanley has entered the top ten shareholders of Shandong Yanggu Huatai Chemical while also increasing its shareholding in Shenzhen Original Advanced Compounds.

Compared to the end of the third quarter, the Abu Dhabi Investment Authority reduced its holdings in Huafon Chemical in the fourth quarter. Following a reduction in holdings of this stock during the third quarter, as of October 28, the fund Yixiaofeng No. 2 under Deng Xiaofeng, as well as Gao Yi Xiaofeng Hongyuan, has exited the top ten shareholders of that stock.

Adjustment operations by Huang Hai, Feng Mingyuan, and Hu Xinwei have emerged.

Since the fourth quarter, Huang Hai's Wanjia Macro Timing Multi-Strategy has entered the top ten shareholders of Pingdingshan Tianan Coal Mining. Based on the latest closing price, Pingdingshan Tianan Coal Mining has decreased by 4.93% since the fourth quarter.

In this quarter, the partial adjustment operations of two fund managers in the pharmaceutical sector have emerged. Wan Minyuan's Rongtong Xinxin Growth has newly entered in pharmaceutical commerce stock, Yunnan Jianzhijia Health-chain, while Zhao Bei's ICBC Frontier Medical Fund has newly entered in biological product stock, Zhixiang Jintai-U.

Compared to the third quarter, Feng Mingyuan's Xinao New Energy Industry has newly entered in Shandong Dawn Polymer in the fourth quarter, while reducing its holdings in Shanghai Bright Power Semiconductor Co., Ltd. It was noted that Shandong Dawn Polymer's main products are thermoplastic elastomers and modified plastics, while Shanghai Bright Power primarily engages in the research and development of power management chips and drive control chips.

Several well-known fund managers have newly entered the top ten shareholders of individual stocks under their products, including: Gao Nan's Yongying Ruixin has newly entered into the top ten shareholders of Shenyang Jinbei Automotive; Fu Youxing's GF Sec Stable Growth has newly entered into the top ten shareholders of Jack Technology; and Zhu Hongyu's China Merchants Core Competitiveness has newly entered into the top ten shareholders of Cheng De Lolo.

During the same period, Cui Chenlong's Qianhai Kaiyuan Public Utilities has newly entered into the top ten shareholders of Cabio Biotech (Wuhan), and another product managed by him, Qianhai Kaiyuan New Economy, continues to increase its shareholding in this stock. It is noteworthy that this chemicals stock has seen a cumulative price increase of 53.25% in the third quarter.

Since the fourth quarter, Qiao Qian's Xingquan New Vision and Xingquan Business Model has both increased their holdings in Milkyway Chemical Supply Chain Service, while Xie Zhiyu's Xingquan Hecai maintains its previous holdings unchanged; Peng Wei's China Europe Alpha has reduced its shareholding in Leshan Giantstar Farming & Husbandry, while Zhou Weiwen's China Europe Times Pioneer and China Europe New Trend have kept their holdings unchanged.

During this stage, Tang Xiaobin's GF Multi-Factor has exited the top ten shareholders of wind power stock, Jiangsu Zhenjiang New Energy Equipment, since the fourth quarter, while Tao Can's Jianxin New Energy has increased its shareholding in this stock.

After first entering the top ten shareholders of Jiangsu Zhongtian Technology in the third quarter, as of November 5, Hu Xinwei's Huitianfu Mid Cap Value Select has exited from the top ten shareholders of this communications equipment stock.

Several chemical and new materials stocks have frequently shown signs of foreign capital adjustment.

According to disclosed announcements, several foreign institutions have shown signs of portfolio adjustments outside of public funds. After analysis, traces of foreign capital adjustments are frequently seen among the top ten shareholders of several fine chemical and new materials stocks.

As of October 31, Morgan Stanley, JPMorgan Securities, and Goldman Sachs have all newly entered the top ten shareholders of FSPG Hi-Tech in the fourth quarter. It was found that last year's fourth quarter new entrants among the top ten shareholders of this stock, CITIC Sec and GF Sec, have both exited this ranking in the first quarter of this year. According to public information, FSPG Hi-Tech is the only BOPA (biaxially oriented nylon) film production base in China.

As of November 8, Morgan Stanley, JPMorgan Securities, Goldman Sachs Group, and United Bankshares have jointly entered the top ten shareholders of electric power stock Shimao Energy in the fourth quarter. Investigation reveals that last year's fourth quarter new entrants among the top ten shareholders, HTSC, GTJA, and China Merchants, have exited along with CITIC Sec in the first quarter of this year; Barclays Bank, which joined in the first quarter, exited this ranking in the second quarter.

By the end of the third quarter, JPMorgan Securities, United Bankshares, and Goldman Sachs Group, which were still among the top ten shareholders of Nanjing Chemical Fibre, have exited by November 1; meanwhile, HTSC has newly entered the top ten shareholders of this stock. Nanjing Chemical Fibre's main products are viscose staple fiber, PET structural core materials, and urban ecological water replenishment.

Since the fourth quarter, Morgan Stanley has newly entered the top ten shareholders of IT service stock Jiangsu Eazytec Co., Ltd. and Shandong Yanggu Huatai Chemical, while also increasing its shareholding in Shenzhen Original Advanced Compounds. Shandong Yanggu Huatai primarily engages in the research and development and production of rubber additives, while Shenzhen Original Advanced Compounds specializes in environmentally friendly polymer materials for wires and cables and optical cables.

In this quarter, Barclays Bank and CITIC Sec have exited the top ten shareholders of Jiangyin Hengrun Heavy Industries; following a shareholding reduction in Beijing Quanshi World Online Network Information in the third quarter, Barclays Bank has exited as a shareholder in the fourth quarter; after entering the top ten shareholders of Fuxin Dare Automotive Parts in the third quarter, Barclays Bank has also exited this ranking in the fourth quarter, but Citigroup Global Markets and BNP Paribas have simultaneously entered this rank.

It has been found that Beijing Quanshi World Online Network Information provides comprehensive internet marketing services and enterprise-level SaaS marketing services.

As of November 29, United Bankshares and BNP Paribas have newly entered the top ten shareholders of ARTES and Shengquan Group in the fourth quarter. Shengquan Group's main business includes synthetic resins and composite materials, biomass chemical materials, and new energy-related products; ARTES engages in the research and development and production of crystalline silicon photovoltaic modules.