知名科技基金经理最新操作！

Core Viewpoint - The article discusses the significant performance of overseas computing power sectors, represented by optical modules and PCBs, which have provided substantial returns for heavily invested funds, but have also led to increased divergence after substantial price increases [1] Summary by Sections Fund Performance - On October 28, the third-quarter report of well-known fund manager Jin Zicai from Caitong Fund was released, showing that the net value growth rate of the Caitong Growth Preferred A class share reached 90.4% in Q3, outperforming the benchmark by over 80 percentage points [2][3] Portfolio Adjustments - Jin Zicai made significant adjustments to his holdings, drastically reducing positions in leading optical module companies like NewEase and Tianfu Communication, while increasing investments in core PCB industry players such as Shenzhen South Circuit, Shengyi Technology, and Huitian Technology [2][3] - After the adjustments, the top five holdings of the fund included Industrial Fulian, Shenzhen South Circuit, Shengyi Technology, Huitian Technology, and Zhongji Xuchuang [3] Market Insights - Jin Zicai noted that the market's understanding of the optical communication sector has improved, leading to a reduction in the fund's holdings in this area. He believes that the PCB industry may experience unexpected price increases due to structural supply-demand imbalances by 2026 [3] - Despite reducing exposure to optical modules, Jin Zicai continues to heavily overweight the overseas computing power sector, indicating that the growth certainty of overseas AI has increased, and demand for computing power is expected to grow rapidly in 2026 and 2027 [4][5] Investment Strategy - The fund's management scale increased from 4.618 billion to 6.525 billion yuan, with a focus on maintaining research and tracking of other sectors, aiming for proactive and replicable investments in high-quality companies aligned with industry trends [5]