Exposure of the first quarter report of a private equity fund with assets exceeding 100 billion yuan and its stock adjustment and turnover.

With the disclosure of the first quarter report of listed companies in 2026, the situation of the reshuffling of stocks by private equity funds worth billions has also surfaced. In the first quarter of this year, Deng Xiaofeng of Gaoyi Asset Management reduced holdings of BOE A and TCL Technology; Feng Liu of Gaoyi Asset Management reduced holdings of Hikvision, and increased positions in Ruifeng New Materials against the market trend; Ningquan Asset Management, led by Yang Dong, reduced holdings of Zhumi Technology and purchased Want Want; Dong Chengfei of Ruijun Asset Management purchased shares of Dinglong and Jinhe Shangguan.