胡中原2025年二季度表现，华商润丰灵活配置混合A基金季度涨幅12.28%

Core Insights - The best-performing fund managed by Hu Zhongyuan in Q2 2025 is the Huashang Runfeng Flexible Allocation Mixed A, with a net value increase of 12.28% [1] Fund Performance Summary - Hu Zhongyuan manages a total of 8 funds, with the following performance metrics: - Huashang Runfeng Flexible Allocation Mixed C: 28.50 billion, annualized return of 22.37%, Q2 increase of 12.23%, top holding in Zhongji Xuchuang [2] - Huashang Yuanheng Mixed C: 22.75 billion, annualized return of 31.14%, Q2 increase of 11.56%, top holding in Zhongji Xuchuang [2] - Huashang Anheng Bond A: 20.96 billion, annualized return of 11.33%, Q2 increase of 3.10%, top holding in Xinyi Sheng [2] - Huashang Yuanheng Mixed A: 17.04 billion, annualized return of 12.22%, Q2 increase of 11.68%, top holding in Zhongji Xuchuang [2] - Huashang Runfeng Flexible Allocation Mixed A: 14.36 billion, annualized return of 15.66%, Q2 increase of 12.28%, top holding in Zhongji Xuchuang [2] - Huashang Anheng Bond C: 10.95 billion, annualized return of 11.01%, Q2 increase of 3.03%, top holding in Xinyi Sheng [2] - Huashang Shuangyi Balanced Mixed A: 0.54 billion, annualized return of 7.76%, Q2 increase of 8.03%, top holding in Xinyi Sheng [2] - Huashang Shuangbi Balanced Mixed C: 0.05 billion, annualized return of 5.54%, Q2 increase of 7.90%, top holding in Xinyi Sheng [2] Investment Strategy and Performance - During his tenure as the manager of Huashang Shuangyi Balanced Mixed A, Hu Zhongyuan achieved a cumulative return of 104.52% with an average annualized return of 15.09%. The fund had 100 adjustments in heavy holdings, with a success rate of 75% [2] - Notable heavy stock adjustments include: - Cambrian (688256): Bought in Q1 2023, sold in Q4 2024, with an estimated return of 433.45% and a company performance growth of 65.56% [4][6] - Baorun (002568): Bought in Q2 2020, sold in Q4 2020, with an estimated return of 93.35% and a company performance growth of 78.31% [7] - Cambridge Technology (603083): Bought in Q3 2023, sold in Q2 2024, with an estimated return of -32.90% despite a company performance growth of 75.42% [5][8]