2024Q3公募基金化工重仓股分析：24Q3公募基金化工重仓股配置环比下降，上游原油标的配置明显下滑，成长类型持股占比提升

Investment Rating - The report indicates a cautious outlook for the chemical industry, with a focus on traditional blue-chip companies and those with growth potential [3][5]. Core Insights - In Q3 2024, the upstream oil prices have declined while coal prices remained stable, leading to a decrease in the number of funds holding oil and coal chemical companies. The market is shifting towards growth-oriented or high-barrier companies, with new materials gaining attention [2][3]. - The total market value of chemical stocks held by the top 30 funds decreased by 0.94% to 83.106 billion yuan, while the concentration of holdings increased, with the top 30 accounting for 93.61% of the total market value [3][23]. - The report highlights specific companies to watch, including Wanhu Chemical, Sailun Tire, and Hualu Hengsheng, as well as new materials firms like Xinzhou Bang and others in the agricultural chemicals sector [3][4]. Summary by Sections 1. Fund Holdings Changes in Q3 2024 - The overall allocation of public funds to chemical stocks decreased by 0.58 percentage points to 2.83%, with declines observed across all regions, particularly in East China [5][10]. - The top three chemical stocks by the number of funds holding them are Wanhu Chemical, Sailun Tire, and China National Offshore Oil Corporation (CNOOC), with Wanhu Chemical seeing an increase in fund holdings from 310 to 386 [2][16]. 2. Market Value and Concentration - The total market value of the top 30 chemical stocks held by funds was 83.106 billion yuan, reflecting a slight decrease from the previous quarter. The concentration of holdings among these stocks increased [3][23]. - Wanhu Chemical leads with a market value of 1.561 billion yuan, accounting for 17.59% of the total, followed by Sailun Tire and Hualu Hengsheng [23]. 3. Sector Performance and Recommendations - The report suggests focusing on traditional blue-chip companies and specific sectors such as tire manufacturing and fluorochemical products, which are expected to benefit from domestic demand recovery and cost reductions [3][4]. - Growth-oriented companies in semiconductor materials and panel materials are also highlighted as having strong recovery potential [4].