2025.09.16 本文字数：532，阅读时长大约1分钟 作者 |一财阿驴 09:32房地产板块盘初拉升，香江控股涨停，荣盛发展、首开股份、海泰发展跟涨。 09:27黄金概念股高开，上海建工3连板，北方铜业、西部黄金涨超5%，晓程科技、鹏欣资源、中金黄 金纷纷上涨。 09:26 A股开盘丨三大指数集体高开 上证指数涨0.14%，深成指涨0.09%，创业板指涨0.2%。贵金属、黄金、煤炭板块涨幅居前，养鸡、猪 肉、种业、互联网保险板块表现低迷。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 4 | 3865.98c | 5.48 | 0.14% | | 399001 | 深证成指 | M | 13017.58c | 11.80 | 0.09% | | 399006 | 创业板指 | M | 3072.30c | 6.12 | 0.20% | | 板块名称 | | 张幅▲ | 张速 | | --- | --- | --- | --- | | 1 | 其他电源设备 | -0.64% ...

Core Viewpoint - The report highlights significant adjustments in the heavy holdings of Liu Gesong's six funds managed by GF Fund, particularly in the new energy vehicle and semiconductor sectors, with a notable shift towards new consumption, internet, and military industries [1][2]. Fund Holdings Adjustment - Liu Gesong's funds have reduced their positions in several previously favored stocks, including: - North Huachuang: Holdings decreased by approximately 17.69% to 161,240 shares [2]. - Seres: Holdings reduced by 9.14% [6]. - EVE Energy: Holdings decreased by 4.16% [6]. - JinkoSolar: Holdings down by 10.77% [6]. - Conversely, there has been a significant increase in holdings of stocks such as: - DeYe Co.: Increased by 40% [3][8]. - Xichuang Data: Increased by nearly 76% [3]. - Xiaomi Group-W: Increased by 25.66% [7]. Fund Performance - The overall performance of Liu Gesong's funds in Q2 was underwhelming, with all funds experiencing net redemptions: - The best-performing fund, GF Multi-Dimensional Emerging, recorded a net value growth rate of 7.91% [4]. - Other funds, such as GF Small Cap Growth A and C, reported growth rates of 2.38% and 2.28%, respectively [4]. - GF Innovation Upgrade and GF Technology Pioneer recorded negative returns [4]. Market Context - The A-share market saw mixed performance in Q2, with the Shanghai Composite Index rising by 3.26% and the Shenzhen Component Index slightly declining by 0.37% [5]. - Key sectors such as military, banking, and telecommunications showed significant gains, while sectors like food and beverage, home appliances, and steel performed poorly [5]. - Liu Gesong remains optimistic about the domestic economy's resilience, citing factors such as the easing of geopolitical tensions and supportive domestic policies [5].