陆文凯2025年三季度表现，招商瑞利LOF基金季度涨幅9.33%

Core Insights - Fund manager Lu Wenkai oversees two funds, with the best-performing fund being the China Merchants Rui Li LOF (161729), which achieved a quarterly net value increase of 9.33% as of Q3 2025 [1][2] Fund Performance Summary - The China Merchants Rui Li LOF (161729) has a scale of 9.39 billion yuan and an annualized return of 13.79%, with a Q3 increase of 9.33%. Its top holding is Greentown China (03900.HK), accounting for 8.02% of its net value [2] - The China Merchants Rui Li Flexible Allocation Mixed (LOF) C has a scale of 2.46 billion yuan, with a negative annualized return of -4.92% and a Q3 increase of 9.15%, also holding Greentown China at 8.02% [2] Historical Performance of Lu Wenkai - During Lu Wenkai's tenure as the manager of the Beixin Ruifeng Industrial Upgrade Fund (168501), the cumulative return was 151.33%, with an average annualized return of 27.34%. The fund made 58 adjustments to its heavy holdings, achieving a success rate of 60.34% with 35 profitable trades [2] - Notable stocks with significant returns include: - Jiangshan Opai: 357.30% return over a holding period of 1 year and 0 quarters [4] - Sanan Optoelectronics: 85.22% return over a holding period of 2 quarters [5] Underperforming Stocks - The fund also experienced losses with certain stocks, such as: - Chuangye Huikang: -48.11% return over a holding period of 1 year and 2 quarters, with a revenue decline of 6.84% [6] - Huayang International: -40.87% return over a holding period of 1 year [3]