前冠军基金一季度调仓大曝光！有人积极调仓，有人已遭遇业绩“滑铁卢”

Core Insights - The performance of actively managed equity funds in Q1 2024 shows significant divergence, with major adjustments in their top holdings compared to the end of the previous year [1][2][3] Fund Performance - The top-performing funds for Q1 2024 include Silver华数字经济A, 摩根士丹利数字经济A, and 财通成长优选A, with annual returns of 50.00%, 69.23%, and 48.62% respectively [1] - 财通成长优选 reported a net value return of -24.47% for its A share and 24.58% for its C share, ranking low among flexible allocation funds [1][2] Portfolio Adjustments - 财通成长优选 replaced most of its previous top holdings, retaining only 寒武纪-U, while new major holdings include 奥飞数据, 海光信息, 南极电商, and 光环新网 [2] - The fund manager indicated a significant reduction in overseas computing power stocks due to increased risks in that sector [2] - Silver华数字经济A achieved a net value growth rate of 12.80%, while 摩根士丹利数字经济A recorded a 1.31% return, both showing substantial changes in their top holdings [2] Market Trends - The shift in market style is a critical factor affecting the performance of previously successful funds, as seen with funds like 万家宏观择时多策略 and 前海开源公用事业, which experienced declines after strong performances in prior years [3][4] - The fund managers are focusing on domestic computing power investments, likening the current situation to last year's overseas computing power growth trajectory [3]