In the field of stock investment, there are few "winning generals", basically "you sing, we appear", and private equity is no exception. The reason for this is that the A-share market has an obvious cyclical nature, and the investment style will continue to change, while most private equity is good at limited areas, and some private equity is a long-term value investor, pursuing long-term performance. Therefore, it is very rare for private equity to continue to lead, and it has attracted special attention from the market.
Since 2022, the A-share market has continued to be sluggish, and as of July 23, 2024, the Shenzhen Component Index and ChiNext Index have both fallen by more than 40%. In 2022, the major A-share indices all fell sharply; Most indices will fall in 2023, with only the CSI 2000 rising slightly by 5.57%; Most indices will continue to fall in 2024, with only the CSI 300 rising slightly by 0.26%.
Since most of the private equity investment objects are A-shares, in the bear market environment of A-shares since 2022, it is not easy for private equity managers to rank among the top in stock investment income every year, which is a great test of their investment research ability and ability to grasp the market rhythm!
In order to provide readers with some references, the author divides the private placement into 4 scale groups (more than 5 billion, 20-5 billion, 5-2 billion, and less than 500 million) according to the management scale of private placements, and sorts out the private placement list of "stock income ranking in the upper reaches of each year since 2022" in each scale group for your reference. (Among them, the income from 2024 is the income as of July 23)
Scale of more than 5 billion: 13 private placements such as Junzhijian, Ridou, Kuande, and Mengxi have ranked in the top 50% for 3 consecutive years!
According to the data of the private placement network, among the private placements with a scale of more than 5 billion, there are 102, 105, and 109 private placements with stock performance display in each year from 2022 to 2024, respectively. In view of the small number of companies, the author sorted out 13 private placements that have "ranked in the top 50% of stock returns for three consecutive years since 2022". The "thresholds" on the list in each year are ***%, ***%, ***%, ***%.
Among the 13 private placements, 8 are quantitative private placements and 5 are subjective private placements. Since 2022, the top 5 stocks with cumulative returns are: Junzhijian Investment, Ridou Investment, Qianhai Guoen Capital, Chengrui Investment, and Kuande Private Equity.
Among them, Junzhijian Investment from Dongguan is a "quasi-10 billion" subjective private placement, and the cumulative return of stock investment since 2022 is close to ***%, and the stock return has been above ***% for 3 consecutive years. The private placement also won the "quasi-10 billion" private placement championship in the first half of this year!
According to the data of the private placement network, Junzhijian Investment was established in November 2015. Most of the core members of the company's team graduated from Huazhong University of Science and Technology. The company adheres to the concept of value investment, follows the trend, and operates in swing bands. Adhering to the beliefs of "a gentleman's trip, stability first" and "slow is stable, stable is fast", with the help of the compounding effect of time, we are committed to long-term stable net worth growth.
It was followed by Ridou Investment from Shenzhen. Ridou Investment has achieved more than ***% of its stock investment since 2022, and its stock returns have been above ***% for 3 consecutive years.
According to the data, Ridou Investment was established in March 2016, prefers long-term holdings, and dares to hold heavy positions. It focuses on corporate fundamentals, valuation, growth, etc., and mainly selects industry leaders with excellent business models, strong cash flows, excellent corporate governance and high safety margins. In the investment, we will fully consider the uncertainty of the market and establish a portfolio of industries with low valuations. At the same time of industry diversification, for stocks with high certainty of judgment, we dare to adopt a "relatively concentrated" asset allocation to reduce the time and opportunity cost of low positions.
Cundall Private Equity is the private placement with the highest cumulative return of 10 billion yuan since 2022 among the private placements on the list, and its cumulative return on stock investment since 2022 is close to ***%.
According to the data, Cundall Private Equity was founded in Zhuhai in 2014 by Wall Street veterans, and the company is an innovative private equity institution, starting with high-frequency trading, focusing on stocks, futures, options and other multi-variety, multi-strategy, large-capacity quantitative investment.
In addition, Mengxi Investment from Shanghai, a "quasi-10 billion" quantitative private placement, is also among them. According to the data, Mengxi Investment is a well-known and stable private equity institution, based on the first-mover advantage in the field of low-latency transactions, and has found a new way to differentiate itself in the subdivision track. Mengxi Investment's strategy products combine the advantages of classical linear combination and machine learning to obtain explosive excess while taking into account stability.
20-5 billion scale: 8 private placements such as Shengqi Assets and Meridian Investment have ranked in the top 40% for 3 consecutive years!
According to the data of the private placement network, among the 20-5 billion scale private placements, there are 117, 128, and 133 private placements with stock performance display in each year from 2022 to 2024. In view of the small number of companies, the author sorted out the private placements that "ranked in the top 40% of stock returns for three consecutive years since 2022", with a total of 8. The "thresholds" on the list in each year are ***%, ***%, ***%, ***%.
The 8 private placements are: Tiancheng Investment, Shengqi Assets, Zhaorong Huili Private Equity, Meridian Investment, Xingju Investment, Shanghai Guli Private Equity, Liangkui Assets, and Stratosphere Private Equity, of which 3 are subjective private placements and 3 quantitative private placements.
Among them, the cumulative return of Shengqi Assets' stock investment since 2022 is close to ***%. According to the data, Shengqi Assets was established in July 2018, and the company adheres to the core investment philosophy of value investment and aspires to become a first-class asset management company in China. The company's core management team is a "securities veteran" who has been engaged in the securities investment industry for nearly 30 years.
5-2 billion scale: 16 private placements such as Beijing Fengquan Investment have ranked in the top 30% for 3 consecutive years!
According to the data of the private placement network, among the 5-2 billion scale private placements, there are 365, 402, and 423 private placements with stock performance display in each year from 2022 to 2024, respectively. In view of the large number of companies, the author sorted out 16 private placements that have ranked in the top 30% of stock returns for three consecutive years since 2022. The "thresholds" on the list in each year are ***%, ***%, ***%, ***%.
Among the 16 private placements, 7 were subjective and 4 were quantitative. Since 2022, the top 5 stocks with cumulative returns are: Tiancheng Capital, Qianrong Assets, Shanghai Liangyu Private Equity, Beijing Fengquan Investment, and Ruijing Kaiyuan.
Among them, Beijing Fengquan Investment's stock investment has accumulated more than ***% since 2022, and the stock return has been above ***% for 3 consecutive years.
According to the data, Beijing Fengquan Investment was established in April 2016, the founder Chen Zheng graduated from Peking University, has 17 years of research and investment experience in the securities industry, once worked in China Securities Construction Investment Securities, and was awarded the fifth, second and first place in the best analyst of the new fortune automotive industry from 2012 to 2014. The company focuses on contrarian investment to generate long-term alpha by identifying investment opportunities that have been overlooked by the market.
Scale below 500 million: 13 private placements such as Zeyuan Investment have ranked in the top 20% for 3 consecutive years!
According to the data of the private placement network, among the private placements with a scale of less than 500 million, there are 2,117, 2,530, and 2,756 private placements with stock performance display in each year from 2022 to 2024, respectively. In view of the large number of companies, the author sorted out 13 private placements that have ranked in the top 20% of stock returns for three consecutive years since 2022. The "thresholds" on the list in each year are ***%, ***%, ***%, ***%.
Among the 13 private placements, 7 were subjective private placements. Since 2022, the top 5 stocks with cumulative returns are: Chengyu Fund, Zhigao Investment, Nanjing 131 Private Equity, Luyuan Private Equity, and Zeyuan Investment.
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