Inner demand stocks at haifuton surged by 61. 81 per cent in the current quarter, butFund managerThe return on huang feng's service in another fund was negative, with a success rate of only 43 per cent and a doubling rate of less than 7 per cent for 58 transfers, and what does this set of data say together
The single-season surge in fund performance
By the end of the second quarter of 2026, the fund manager, huang feng, had managed a total of seven fund products. The most significant performance during the quarter was the blending of inland demand (code 519056), with net quarterly increases of 61. 81 per cent. This fund, which is mainly allocated to domestic demand consumption and the direction of science and technology, has stepped on two main lines of ai computing and domestic production in the context of the two-quarter split market structure, with a single-season return of more than 60 per cent, which is the absolute head of products under the banner of haifu。
However, the quarterly increase in a single fund can easily be misleading. During the same period, yellow peak also managed the haifaun consumption core mix a (010220), which, since assuming office in 2023, had a cumulative return of 7. 29 per cent. That is to say, he runs seven funds, some of which can increase by 60 per cent in the quarter, and some of which have been losing money. Differences in strategic direction and silo structures between products directly lead to a significant fragmentation of performance and cannot be seen only in the best。
Yearly negative rate of repositioning
It is true that the term data for hfoc consumer core mixed a are not bright. The average annualized rate of return was -132 per cent, meaning that if investors hold funds from 2023 to the second quarter of 2026, more than three years later, not only did they not add value, but they also contracted. For a proactive management fund with a consumption-centred strategy, this level of annualization is lagging behind in the ranking of the same category, and the experience is poor。
What is more noteworthy is the act of stoking itself. Wong feng made a cumulative 58 retortments on this fund, resulting in only 25 gains, a 43. 1 per cent gain. To convert it, he loses every change he makes. The high-frequency silos combined with a low success rate and the repeated wear and tear of transaction charges and trade slip points are structural reasons that are at the core of the overall gains and are difficult to cover by a few large gains alone。
Cold wu holds nearly three times as much as three quarters
The brightest case recorded in yellow peak's warehouse is the cold martial arts (688256). He purchased it in the second quarter of 2024 through a mixed fund of hife, and sold it in the first quarter of 2025 after holding three complete quarters, with an estimated return of 287. 82 per cent. This operation, which contributed the most to all of his reconciliations, was one of the few cases in which a doubling rate of return had been achieved in 58 adjustments, directly raising the overall level of return。
Cold wu is the symbol of the ai chip track. The annual reports for 2024 to 2025 show a 555. 24 per cent increase in net profits from corporate attribution, moving directly from early loss to high profit. At the time of wong feng's build-up in the second quarter of 2024, ai's computing needs were in the early stages of the outbreak, and he was holding a decisive departure after three quarters from the high-point areas where the profits had been realized, with a fairly precise rhythm。
It's almost doubled in three years
Another operation of market interest is the guizhou shack (600519). Huang feng bought the pavilion in the second quarter of 2019 through the hae fung finely chosen mixed fund and sold it in the second quarter of 2022 after holding three full years, with an estimated return of 99. 58 per cent. The operation did not double in the strict sense, but the return of the near doubling was already normal in the white board, with an annualization of about 11 per cent。
During the holding period, the annual report of mao tai tai increased net profits on attribution by 52. 2 per cent and doubled in four years. The yellow peak option, which is held on a yearly cycle, does not enter and exit frequently, and this exercise reflects patience. In objective terms, however, the nearly doubling of three years was not a top performer in the warehouse records of the active fund manager of unit a, the core of which was that he had not lost the money。
Puri's lost almost 40%
It's not every time we change the warehouse. In the third quarter of 2021, yellow peak purchased puli pharmaceuticals (300630) through seaflow consumer core a and held one year and one quarter after sale in the fourth quarter of 2022, with an estimated return of -39. 6 per cent. The loss was the largest withdrawal in his warehouse records, eating almost half of the gains from previous profitable operations, and the net effect of the mcha was clear。
The main drug in puli is an anaesthetic analgesics, with an increase of only 7. 31 per cent in total reported operating income between 2021 and 2022 and a marked lack of growth energy. Wong feng was built with a consumer medicine logic, but the company's fundamentals never met its performance expectations and the stock price continued to weaken, leaving it at nearly 40 per cent. The operation revealed that he did not follow performance certification closely when selecting shares and that entry was based on logic rather than data。
The doubling rate is only seven percent
In terms of the full roll-out of 58 transfers, the double-rate yield was only four times, representing a 6. 9 per cent doubling rate. This proportion is below average among active fund managers. Most of the adjustments are small in terms of profits or losses, and there are only a few operations that can really yield significant excesses, and the overall gains are largely sustained by a few things, such as the cold martial arts, and are not evenly balanced。
The large increase of 61. 81 per cent in haitong domestic demand hotspot stocks in the second quarter of 2026 illustrates the ability of yellow peak to capture opportunities on ai and technology tracks. However, his overall ratio of 43 per cent to settle and 6. 9 per cent to double reminded investors that a single-quarter surge did not represent long-term stability. If you don't follow, don't just look at the quarterly increase in one fund, you'll need to put all the data and odds together。
Do you think wong feng's silo style is suitable for long-term holding of hae fung's hot spot stock, or are you going to get in the car when the winning data improves significantly? Welcome to the comment section and share what you find useful。
