从净卖出个股看，公募基金卖出2021年跌幅较大的价值股，以及涨幅较高的资源股。 3月31日，公募基金2021年年报基本披露完毕。天相投顾数据显示，在2021年分化和多变的市场环 境中，基金经理积极应对，持仓发生较大变化。从整体看，基金经理大幅加仓医药股和新能源股，减持 涨幅较高的资源股和部分跌幅较大的价值股。2021年，公募基金整体利润为7171.89亿元。债券型基金 成为最赚钱品种。 展望2022年，基金经理认为全市场估值处于历史低位，对A股保持相对乐观态度。不过，基金经理同时 认为，A股结构性分化行情仍将延续。 加快调仓换股步伐 从个股净买入情况看，2021年公募基金关注点较为分散，景气赛道等仍是公募基金"心头好"，但是，消 费、医药等板块个股也是公募基金加仓重要标的。 展望2022年，中欧基金的基金经理曹名长表示，全市场估值正处于历史低位，因此对市场是乐观的。广 发基金的基金经理刘格菘认为，风格分化格局在2022年可能会延续。在当前宏观经济新旧动能的转换时 期，不同资产处于不同的景气阶段，资产表现分化是大概率事件。 个人投资者持有比例上升 在2021年分化的市场格局中，公募基金的表现如逆水行舟，整体利润 ...

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].