Chapter 369: Unexpected Ways to Build a Position
One minute after the market opened, Gu Junhao began issuing buy orders.
However, what surprised Liu Tingting was that the first stock the boss bought was not a value investment stock, but a secondary new stock!
"Yinbao Shanxin, pay attention to buying in batches, the position is full."
The so-called full position does not mean that all funds are used to buy one stock, but only 10% of the overall size of the fund, which is a holding of about 6 million yuan. For a secondary new stock, a purchase volume of more than 6 million yuan can be fully accommodated.
This is the regulation for public funds. It is a rule and also a kind of protection for investors. If the manager of a fund starts a business of taking over shares without any rules or restrictions, it would be a big deal.
Afterwards, Gu Junhao issued another instruction: "Clear the existing holdings while buying. Tingting, make sure to keep your positions balanced."
This needs no further explanation. Liu Tingting also knows that since the boss started to push the nuclear button, all the constituent stocks in the original holdings must be cleared out.
Then, the next instruction issued by Gu Junhao was even more unexpected and completely overturned her cognition.
"Kolek, buy in full!"
"Your Majesty, buy in full!"
"Gudi Technology, buy in full!"
"Jiuyuan Yinhai, buy in full!"
"Mountaintop Design, buy in full!"
"Huayuan Packaging , buy in full!"
"Liking Digital Entertainment, 9.5% position!"
A series of intensive purchases made the three traders busy and panic, and Liu Tingting, who was in charge of the liquidation task, was also frightened.
None of the stocks that Lao Da bought in this series match the name of the fund, and all of them are newly listed stocks! As far as I can remember, Lao Da has not bought any new stocks since he founded the company.
As an assistant, Liu Tingting was a little confused. The boss had told her before that the holding style of this fund would be mainly value investing, although he did not specifically say which stocks to buy.
But it should be close to the holdings of Junshi No. 2. Why has the boss not played by the rules since the first day of building a position today?
Before Liu Tingting could continue thinking, after a pause, Gu Junhao's voice of issuing orders came again.
The reason why Gu Junhao paused for a while was to observe the position building situation. When he saw that the position building was close to 70%, he directly said to Liu Tingting: "Clear all the existing constituent stocks!"
As for the consequences of Yu Yixuan's liquidation, Gu Junhao was too lazy to care about it. He was building positions in eight stocks and was not so anxious. Gu Junhao sat down to rest and drank a sip of water.
Sitting leisurely in a chair and staring at the four busy people, Liu Tingting finished first. It was just a simple matter of clearing the inventory with one click.
After seeing Liu Tingting sell all her holdings, capitalist Gu Junhao came online again, leaving Liu Tingting no chance to breathe.
Gu Junhao said to Liu Tingting: "Tingting, come here and continue buying!"
"Wan'an Technology, buy in full!"
"Dingtai New Materials, buy in full!"
Liu Tingting rolled her eyes at Gu Junhao and thought to herself, "Finally it's not a newly listed stock, and one of the stocks is familiar to me."
In just one and a half hours of trading time, all positions had been established, and the overall position reached 95%, which is basically the limit of the fund's holdings.
It has to be said that among the three traders, except for the one who was a little rusty in the internal competition and was officially appointed as a trader for the first time, the other two were quite efficient.
Liu Tingting is now a different person than she was before. Having already managed funds worth hundreds of millions, building a position of several million is a piece of cake for her.
After the position is established, there is nothing to do today. All the position adjustments are completed in the morning, and the funds in the account can no longer be used.
As for the subscription situation of the fund, Gu Junhao has no interest in paying attention to it for the time being. After experiencing the subscription of Junshi No. 2, he really has no interest in the open-end subscription of Junshi Price Investment.
Junshi Value Investment targets ordinary investors, and there may be a lot of subscription applications, but Gu Junhao does not have any illusions about the subscription amount on the first opening day.
The minimum subscription amount of an investor in Junshi No. 2 is equivalent to the amount of many ordinary investors. The most important thing at present is to expand the overall scale of the fund.
In fact, there are certain risks in acquiring such a fund. Although Gu Junhao is optimistic about the rebound in March and the subsequent period, the market has already rebounded quickly to around 2,900 points.
The 3000 point level is a big hurdle at present. Even if this hurdle is overcome, the 3500 point level is still a huge pressure point.
There was no need to stay in the trading room today. After the position was completed, Gu Junhao was about to leave. When he was leaving the trading room, he was stopped by Liu Tingting.
As Gu Junhao's assistant, her corresponding position is assistant to the fund manager, which is the only way to become a fund manager.
Among Xu Jianqing, Liu Tingting and Wang Ruoyu, although Liu Tingting is currently only an assistant and cannot work independently, from the perspective of career planning, Liu Tingting is the most successful.
It will take one or two years to hone my skills under Gu Junhao, assisting Gu Junhao in managing some of the fund's daily work, as well as making small investments within Gu Junhao's authorization.
In this way, she will be able to become a public fund manager naturally. When Junshi Capital issues new funds in the future, Liu Tingting will definitely be the first choice for fund manager.
Liu Tingting was not idle during her one-week holiday. She did a lot of homework at home. Her job mainly involved assisting Gu Junhao in formulating the fund's investment strategy, building an investment portfolio, and seizing the fund's investment opportunities through market analysis and product selection.
In addition, we also assist Gu Junhao in conducting field research and dynamic tracking of key investment stocks, completing research and analysis work, and investing within the scope of Gu Junhao's authorization.
To put it in plain and superficial terms, it means assisting Gu Junhao in selecting stocks and choosing the time to buy.
Of course, now all these tasks are done by Gu Junhao alone, and Liu Tingting’s temporary job is just to be responsible for some daily work of the fund.
For a public fund of less than 100 million yuan, Gu Junhao does not need Liu Tingting's help in stock selection, but it will be easier if the scale is larger.
In addition, for her growth, Gu Junhao will definitely authorize part of the investment to Liu Tingting in the future.
After becoming an assistant, Liu Tingting, as well as Wang Ruoyu and Xu Jianqing, who were each responsible for an investment project, also saw some changes in their treatment.
Since March, these three people have been on an annual salary system, and their income mainly consists of basic salary and funds. The funds are of course closely related to the size of the funds.
Therefore, among the three, although Liu Tingting has the brightest future, her salary is the lowest; of course, this is not a big concern for Liu Tingting, as her salary will not be less than before anyway.
The reason why Liu Tingting called the boss was that she wanted to ask about the doubts in her heart. The boss's position building today was really beyond her expectations.
Although there has never been any problem with the boss's stock selection, she now has a different identity and she always needs to know the boss's specific intentions.
In this way, it will be convenient for you to track individual stocks later.
Gu Junhao also noticed Liu Tingting's confusion. In fact, he should have communicated with Liu Tingting earlier about today's operations.
However, apart from anything else, Junshi Capital has always been ruled by Gu Junhao when it comes to individual stock operations, and Liu Tingting and the other two can be said to have been brought up by him.
After a long period of habit, Gu Junhao had somewhat forgotten that Liu Tingting’s job content was different now and she was no longer a trader.
Seeing Liu Tingting's puzzled look, Gu Junhao smiled and said, "You want to ask me why I chose these stocks? Let's go, let's find a quiet place and I'll talk to you."
"Oh, OK!"
After the two of them sat down in the lounge area, Gu Junhao first made one thing clear to Liu Tingting: "First of all, the style of Junshi Value will not change at all. It is still a value investment blue chip stock, or more precisely, the entire liquor sector. You can also call it the Junshi Liquor Index."
Gu Junhao has his own considerations for calling it Junshi Value Investment Selection instead of Junshi Liquor Selection. This will make it more convenient to change positions later.
Do not limit the investment direction to one aspect, value investment, it can be liquor, new energy, or small and medium-sized growth stocks.
"The liquor sector, boss, have you picked the right stocks?" Liu Tingting asked in surprise.
"Well, I've already chosen them. When I get out later, I'll send the liquor stocks and other stocks I've chosen to your email. You can study them after work."
"Oh, okay; but why did the boss buy so many new shares? This is very risky, and the hype is too intense." Liu Tingting still asked in confusion.
"What month is it now?" Gu Junhao did not give a direct answer, but asked Liu Tingting instead.
"March! Oh, boss, are you afraid that your holdings will be exposed?" Liu Tingting immediately realized that the first quarter was about to end, and it would be time for the fund to announce its holdings.
"Yes, we are on such a small scale now. What's the point of building a position? Not only will you not make much money, but it will also expose your purpose of holding the position." Gu Junhao said with a smile.
Another thing is that it will expose most of Junshi No. 2's holdings, and please note that the positions that are being built now will be replaced in due time. Once the positions are announced, there will be a three-month buffer period, which will make it much more convenient to build positions.
After Gu Junhao's explanation, Liu Tingting understood and learned a new trick. Stock trading is really a battle of wits and courage.
The boss is very famous now, and his transformation from a private equity giant to a public fund has attracted even more attention from the outside world. If he reveals his true purpose when the fund is relatively small, it would indeed be somewhat disadvantageous.
However, this fully-stocked secondary new stock still caused a lot of controversy after the holdings were announced near the end of the month. I don’t know what the boss was thinking.
