千亿龙头被公募基金减持近4亿股，最新回应

Core Viewpoint - The public fund significantly reduced its holdings in XCMG Machinery, indicating a potential shift in market sentiment towards the engineering machinery sector due to cyclical adjustments and underwhelming downstream demand [1][2]. Group 1: Fund Holdings and Performance - XCMG Machinery's number of public fund holders decreased from 246 to 123, with a reduction of 3.88 billion shares, making it the most heavily reduced stock in the second quarter [1]. - Major reductions were noted in multiple products under China Europe Fund, with six funds previously holding 122 million shares of XCMG Machinery, which have now exited the top ten holdings [1]. - Despite the reduction, XCMG Machinery's stock price showed resilience, closing at 9.15 yuan per share on July 22, 2023, after a 4.69% increase, approaching its historical high [2]. Group 2: Industry Context and Analysis - The engineering machinery industry is experiencing a cyclical adjustment, compounded by lower-than-expected construction and real estate activity, leading to diminished short-term growth confidence [2]. - Increased competition and rising cost pressures are prompting funds to shift towards sectors with more predictable returns, such as banking, technology, and pharmaceuticals [2]. - Notably, while many funds reduced their holdings, E Fund increased its positions in XCMG Machinery, with approximately 10.86 million shares and 10.14 million shares added in two of its products [3].