公募“四巨头”二季度调仓路径浮现：张坤爱白酒，刘格菘追光，谢治宇抱药，刘彦春买免税

Group 1 - Zhang Kun maintains a strong preference for liquor stocks while significantly increasing his stake in JD Health, holding 70.55 million shares, with a market value of 2.767 billion yuan [2][3] - The top four liquor stocks in Zhang Kun's portfolio include Wuliangye, Luzhou Laojiao, Kweichow Moutai, and Shanxi Fenjiu, each with a market value exceeding 4.9 billion yuan [2] - JD Health has shown impressive performance with a year-to-date increase of 124.51% [2] Group 2 - Xie Zhiyu focuses on semiconductor and biopharmaceutical sectors, increasing holdings in Juhua Co. and Xinhuadu, while reducing stakes in Luxshare Precision and Xiaomi [4][5] - Juhua Co. saw an increase of 4.7649 million shares, with a market value of 2.236 billion yuan, while Xinhuadu's market value reached 2.122 billion yuan [4] - In the biopharmaceutical sector, Xie Zhiyu increased holdings in Innovent Biologics and Nuo Cheng Jianhua [4] Group 3 - Liu Yanchun reduced holdings in liquor stocks, particularly Wuliangye, while increasing investments in home appliances and duty-free sectors [6][7] - Wuliangye was reduced by 10.1544 million shares, decreasing its market value by 1.207 billion yuan [6] - Liu Yanchun increased his stake in Midea Group by 771,400 shares, with a market value increase of 55.6951 million yuan [6] Group 4 - Liu Gesong significantly increased investments in semiconductor and new energy sectors while reducing exposure to the photovoltaic sector [8][9] - New Yi Sheng and Xie Chuang Data received substantial increases in holdings, with New Yi Sheng's market value reaching 98.9902 million yuan [8] - Liu Gesong reduced holdings in JinkoSolar by 142 million shares, decreasing its market value by 737 million yuan [8]