Core Insights - The best-performing fund managed by fund manager Xie Zhiyu is the Xingquan Helun LOF (163406), which achieved a quarterly net value increase of 36.16% as of the end of Q3 2025 [1][2]. Fund Performance Summary - Fund Name: Xingquan Helun LOF - Scale: 24.914 billion - Annualized Return: 14.33% - Q3 2025 Increase: 36.16% - Top Holdings: Luxshare Precision (立讯精密) with a weight of 8.41% [2] - Fund Name: Xingquan Heyi LOF - Scale: 16.770 billion - Annualized Return: 9.42% - Q3 2025 Increase: 30.89% - Top Holdings: Innovent Biologics (信达生物) with a weight of 7.54% [2] - Fund Name: Xingquan Heyi Mixed (LOF) C - Scale: 6.061 billion - Annualized Return: 8.50% - Q3 2025 Increase: 30.69% - Top Holdings: Innovent Biologics (信达生物) with a weight of 7.54% [2] - Fund Name: Xingquan Helun Mixed C - Scale: 0.067 billion - Annualized Return: 109.12% - Q3 2025 Increase: 35.96% - Top Holdings: Luxshare Precision (立讯精密) with a weight of 8.41% [2] Manager's Performance - Xie Zhiyu has achieved a cumulative return of 730.4% during his tenure managing the Xingquan Helun Mixed A (163406) fund, with an average annualized return of 18.06% [2]. - The fund had 138 adjustments in its top holdings, with 89 profitable trades, resulting in a win rate of 64.49% [2]. Notable Stock Adjustments - Example of successful stock adjustments include: - Longi Green Energy (隆基股份) was bought in Q3 2017 and sold in Q1 2021, yielding an estimated return of 729.39% with a revenue growth of 392.64% during the holding period [6]. - Shunwang Technology (顺网科技) was held from Q3 2015 to Q1 2016, resulting in a return of 99.2% with a profit growth of 82.43% [7]. - Example of unsuccessful stock adjustments include: - Sanan Optoelectronics (三安光电) was bought in Q3 2021 and sold in Q3 2024, resulting in a loss of 66.08% despite a revenue growth of 28.11% during the holding period [7].