基金老将，买胜宏科技、新易盛狂赚20亿

Core Viewpoint - The performance of large-scale funds has shown significant divergence this year, with the top fund outperforming the bottom fund by nearly 70% [6]. Fund Performance Summary - The top-performing fund, Ruiyuan Growth Value A, has achieved a return of 68.09% year-to-date as of October 30 [2][4]. - Other notable funds include: - Dongfang New Energy Theme Fund with a return of 60.5% [3]. - Galaxy Innovation Growth A with a return of 57.91% [3]. - Zhongou Times Pioneer A with a return of 53.05% [3]. - Several funds have underperformed, with eight funds yielding less than 30%, including: - E Fund Consumer Industry with a return of -1.2% [5]. - Invesco Great Wall Emerging Growth A with a return of only 0.46% [5]. Ruiyuan Growth Value A Fund Analysis - Ruiyuan Growth Value A was established on March 26, 2019, and is managed by well-known fund managers Fu Pengbo and Zhu Lin [8]. - The fund experienced a significant decline of 53% over four years after an initial surge of 114% [11][12]. - The fund's strategy shifted towards technology stocks, leading to a substantial recovery with a 90.61% increase from April 8 to October 29, 2025 [13]. Investment Strategy and Holdings - The fund's recent performance is attributed to a focus on technology stocks, including PCB manufacturers and AI chip leaders [13][16]. - Key holdings include: - Xinyisheng, with a market value of approximately 2.2 billion yuan [14]. - Ningde Times, valued at around 2.15 billion yuan [14]. - Tencent Holdings, valued at about 2.08 billion yuan [14]. - The fund manager has expressed confidence in the growth potential of high-tech sectors, citing the rapid development of AI and automotive electronics [16]. Future Outlook - The fund manager anticipates a shift from broad market rallies to a focus on individual stock fundamentals due to high valuations across most sectors [16][17]. - There is a strategy in place to reduce holdings in overvalued stocks, indicating a cautious approach moving forward [17].