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The 10 billion private equity investment at the helm of former public offering general Liu Xiaolong and the products of Guangfa Fund have "met" on a number of companies. According to the carding, the two institutions have "met" many times since 2022. From the point of view of the subject matter of their positions, they are both small and medium-sized companies with a cumulative total of more than a dozen companies. Such great minds think alike, perhaps from the identity of Liu Xiaolong, who used to be the star fund manager of the Guangfa Fund.
Ten billion private equity Juming Investment and Guangfa Fund have a "tacit understanding" in the operation of some individual stocks.
At the end of April, the quarterly reports of A-share listed companies were disclosed, and many institutions also appeared.GamerpgcryptoNew developments. Juming Investment, which is known as the dark horse of private equity, has a new goal. By the end of March this year, there were five targets of its contamination, among which the products of Guangfa Fund "met" on the two listed companies, Shenghong Technology and Construction Investment Energy.
In addition to the above two companies, Juming Investment and Guangfa Fund are also keeping pace with more than a dozen companies, such as Co-Chuangchuang data, Xizang Tianlu and so on.
Coincidentally, Liu Xiaolong, the real controller of Ju Ming Investment, has a deep relationship with the Guangfa Fund, who was previously the investment director of the Guangfa Fund and has achieved numerous results.
Many "encounters" with Guangdong Development Fund on individual stocks
Is it accidental or is there another reason for private placement and public offering to "meet" on the same stock many times?
In late April, Guangdong enterprise Shenghong Technology disclosed its quarterly report of 2024, with a total of 10 billion private equity funds at 488.Gamerpgcrypto9.71 million shares have become the tenth largest tradable shareholder of the listed company.
It is worth mentioning that the Guangfa Technology mix managed by Wu Yuanyi, a 10 billion fund manager under the Guangfa Fund, also uses 652.Gamerpgcrypto.780,000 shares have become the ninth largest listed company in circulation of Sheng Hong Technology.
At present, Juming Investment appears in the top ten shareholders of five listed companies. In addition to Sheng Hong Technology, there are Jiantou Energy, Kairun shares, Bohai Ferry, Qingda Environmental Protection, Hengmingda.
Among them, Guangfa's funds and Juming Investment products at the same time in the first quarter of 2024 into the construction of energy in the top ten circulation shareholders. Specifically, Guangfa Lixin flexibly allocated 8.4142 million shares to become the fifth largest tradable shareholder of the company, while Juming multi-strategy value fund became the tenth largest tradable shareholder of the company with 6.2315 million shares.
In addition, the investment actions of the two in Hengmingda are the same as those of Jianchang Energy and Shenghong Technology. All its products are among the top ten circulating shareholders of Hengmingda in the first quarter of 2024.
Interestingly, Guangfa Fund and Juming Private Placement are not only "meeting" on these companies, they also maintain the rhythm of "one in, one out" in a number of listed companies. For example, Zhenyou Science and Technology, Co-Chuangchuang data, Xizang Tianlu, Cabe billion, Wanji Technology and so on.
"preference" for small and medium-sized stocks
From the point of view of the underlying positions of the two institutions, they both have the characteristics of small market capitalization.
One of the most typical is Heng Mingda. At the end of December, Faduo emerging shares, managed by Liu Gesong and Tang Xiaobin, became the company's tenth largest tradable shareholder with 1.6017 million new shares, with 0.99 per cent of outstanding shares, according to Choice.
In the first quarter of 2024, the fund was again overweight to 2.4377 million shares, and the proportion of outstanding shares rose to 1.53 per cent. In addition to this fund, Tang Xiaobin manages Guangfa foresight to select mixed An and Guangfa Ruijin to hold 239100 shares and 146300 shares of the company respectively. Together, the three funds hold 1.7% of Heng Ming's outstanding shares.
The fund did not disclose all its positions in the first quarter, which means that Guangfa Fund's products hold at least 1.7% of Heng Ming's outstanding shares.
At the same time of the product layout of Guangfa Fund, the funds of Juming Private Placement also followed.
In the first quarter of this year, Ju Ming Carpenter Chuan No. 6 and No. 3 funds became Heng Mingda's sixth and ninth largest tradable shareholders with 2.183 million shares and 1.7738 million shares, respectively, with a proportion of 1.35% and 1.1%.
Positions outside the top ten tradable shareholders are not yet known, that is, the private equity holds at least 2.45% of Heng Ming's tradable shares. Including 1.7% of the Guangfa Fund, the two institutions have acquired at least 4.16% of the outstanding shares of the listed company.
With the gradual increase of chips in both hands, the trend of Heng Mingda is also particularly eye-catching. Heng Mingda's share price changed 20.28% from February to the end of March, according to Choice. At this stage, the CSI 300 rose by 10.02%.
In addition to Heng Mingda, Creek, with a market capitalization of less than 6 billion yuan, is also one of the targets valued by the two institutions.
Specifically, at the end of September 2022, among the top 10 tradable shareholders of Creek, Juming Yongjin No. 6 and Juming Multi-Strategy selection value became the seventh and eighth largest tradable shareholders of listed companies with 1.7604 million shares and 1.4843 million shares, respectively. At that time, the products of Guangfa Fund did not take a heavy position in the listed company.
However, in the fourth quarter, the number of shares held by the 10th largest tradable shareholder of Klick was 1.6389 million shares, and both of the above two funds withdrew from the top 10 tradable positions, that is to say, Jumingyong Gold 6 reduced its holdings by at least 121500 shares.
At the time of the withdrawal of the two funds, Ju Ming Carpenter Chuan No. 6 private placement became the sixth largest tradable shareholder with 1.8826 million shares, while Guangfa's value market mixed with 1.6398 million shares to become the new 10th largest tradable shareholder.
In addition to the market mix of Guangfa value, 14 funds under the Guangfa Fund hold Kelik, and 15 funds hold a total of 4.5248 million shares.
In other words, in the fourth quarter of 2022, 15 funds of Guangfa Fund and Juming Carpenter 6 held at least 6.4074 million outstanding shares, or 1.35 per cent.
While the two institutions are building and increasing their positions, the company's share prices are also fluctuating. However, starting in 2023, the two institutions gradually withdrew. The position of Ju Ming craftsman No. 6 private placement fell to 1.7461 million shares at the end of March of the same year, and the number of mixed shares in Guangfa's market remained unchanged.
To the second quarter of the same year, Ju Ming craftsman Chuan No. 6 private placement has disappeared in the position of the top ten circulating shareholders, Guangfa value market mixed clearance of the company. At that time, Guangfa had only four funds holding the stock, with less than 300000 shares.
The real controller of Ju Ming Investment used to be a "general" of Guangfa.
Whether it is a "chance encounter" with the Guangfa Fund or a preference for small and medium-sized companies, it may have something to do with the investment strategy of the real controller behind it.
资料显示，聚鸣投资成立于2016年，目前全职员工为42人，基金经理有3位，除了刘晓龙之外，还有王文详、陈奇。
值得一提的是，背后的实控人刘晓龙与广发基金渊源颇深。根据中基协数据，刘晓龙2007年开始在广发基金任职，在这家基金公司的十年中，从行业研究员升至投资总监，期间个人公募管理规模超300亿元。
从其在广发基金的战绩来看，颇得投资者青睐。天天基金网显示，刘晓龙曾管理过5只基金，其中广发新动力混合的任职回报为117.9%，广发行业领先混合A的任职回报为83.75%。
在公募行业纵横多年的刘晓龙，离职后创立私募也如鱼得水。据悉，在2020年聚鸣私募就火速跨过百亿门槛。
从旗下产品来看，运行中的基金有21只，其中有15只披露了业绩。相比较其他私募较为惨淡的业绩，聚鸣投资格外出挑。
私募排排网显示，截至今年4月26日，仅有3只基金收益为负，其余基金收益均为正。其中，收益率在20%以上的有4只，5%以下的有4只，其余基金录得5%至9%的收益。
或许是因为刘晓龙曾在广发基金任职，其创立私募后的“打法”沿袭了此前的投资框架，才有了与广发基金在多只个股上“相遇”的巧合？