Chapter 990 [Norwegian pension funds sell off aggressively]
The video connection with John Bryan did not last long. Both parties cut off contact after confirming the matter and their respective interests. Both parties disliked it and neither wanted to chat with the other party for too long.
It is worth mentioning that the Wall Street capital that worked with Tiansheng Capital, that is, the foreign LP members of Tiansheng, not only did not suffer major losses during the black swan impact of the Y-market in the first quarter, but they also made money.
Especially influential institutions like Goldman Sachs. Their money is not liquidated until substantial results have been achieved recently, like the big dogs. Goldman Sachs institutions immediately took action after learning that the frozen money was theirs.
The resources in it were leveled out almost the next day.
It is a fact that both sides dislike each other now, but it is also a fact that the boat of friendship has not been stabilized for the time being.
Lu Ming has already come out in advance to prepare an excess commission on their money, so this part will not be commissioned. Lao Mei also promised to return the frozen funds, allocation rights and management rights to Tiansheng Capital, then it will be OK
Keep playing together.
It doesn't matter whether you are happy or not, the key is whether you can continue to play together.
…
On Monday, May 11, in today’s A-share market, the three major indexes opened higher and moved higher in early trading. They broke through half an hour before the opening. The Shanghai Stock Exchange Index once reached 2914.28 points, continuing to break through recent new highs.
The popularity has exploded recently, and the stock that has gained the most limelight is none other than ST Tiansheng, which is wearing a hat.
On the first trading day after being ST, not only did it not fall, but it hit the daily limit, and then hit three daily limit boards in a row. Big A's investors were completely convinced.
Today is the fourth trading day of the stock king's hat-trick ST. The stock king finally stopped the three consecutive trading days, and the market was inexplicably relieved.
Today it did not continue to top, but opened slightly higher. Half an hour before the opening, the stock price of the stock king rushed to 165083.89 yuan/share, an increase of +0.72%, which was also the highest price today.
At around 10 o'clock, the market started to fluctuate and fall back after rising high, and the top stocks were also falling back.
At this time, the brokerage sector was still moving, with short-term gains, and many investors rushed in to join the brokerage industry.
During weekends and weekends, on many platforms such as Stock Market, forums, communication groups, etc., teachers are eager to "decipher" the "seesaw" game between Big Finance and ST Tiansheng, which can make low-risk or even risk-free arbitrage.
Today, the stock king did not continue to support the market, and it is necessary to adjust.
As if it was a signal, the stock investors turned back to the big financial concept sector. The stock king had already moved up. The task was over. The big financial sector had been suppressed so miserably in the past few days, so it was time to come back, right?
Last Friday, many people jumped in and rebounded one day early. But today many people dare to follow because they see that the current rebound in the financial sector has not reached the pre-holiday heights, and at worst it will rebound.
Is it the height before the market pressure? Then even if you come in today, you can still make some money and take advantage of short-term interest rates.
In the scumbag section, you can’t even talk about love now, let alone get married.
You can only have a one-night stand, make a profit and leave.
But the subsequent intraday trend taught a large number of investors who wanted to have a one-night stand with a scumbag from a brokerage firm what it means to have big funds predict the investors' predictions of the main force.
I wanted to arbitrage the interest rate difference on the scumbag, but ended up being jumped by the immortal instead.
At the opening of the afternoon, ST Tiansheng turned green, but investors who held big financial stocks and were ready to take arbitrage failed to wait for a rebound. Instead of rebounding, they adjusted downwards along with the stock kings, directly adding to last Friday's positive rebound.
Swallowed.
This is a bit embarrassing!
What about the promised seesaw?
Those who had the first mover advantage last Friday can run away if the situation is not good today, but those who are chasing after them today will be confused.
The funds did not go to the big financial sector at all, but went to the defense industry, agricultural planting, auto parts and photoresist.
…
In the next few trading days, the three consecutive trading days of the king stock market entered the adjustment stage, and the large financial sector not only did not recover upward, but began to decline. The sector dropped a few tenths of a percentage point for you every day, and the individual stocks fell one or two points.
For investors who are willing to lose money and get out, this is simply suffering.
Because in the days when big finance is falling every day, track stocks are continuing to make breakthroughs and upwards, and the "family members" who hold track stocks are making a lot of money.
The semiconductor sector, new energy vehicle sector, national defense and military industry sector, medical sector, pharmaceutical sector, etc. have all reached new highs recently. Big funds did not go to the financial sector, but to track stocks and large consumer sectors represented by liquor.
Liquor and pharmaceuticals, in particular, have now emerged from the deep hole they were dug into during the circuit breaker period in the U.S. stock market in March. Not only have they continued to reach new highs recently, they are also on the verge of breaking through to new highs this year.
The investors who stayed in the big financial sector were undoubtedly in pain, and even more desperate. T Tiansheng fluctuated sideways in the five trading days this week, with the stock price shrinking above 160,000 yuan, and the daily trading volume
They are all in the early 40 billion and no more than 50 billion.
This kind of volume can be placed on any other Big A stock, which is a huge amount.
But for the stock king, it can only be regarded as shrinking.
During this period, Wall Street funds were continuously increasing their holdings through Southbound Stock Connect, and the daily transaction volume was around 9 billion. It can be said that they were frantically receiving goods.
However, data shows that during the five days of ST Tiansheng's adjustment, with Wall Street buying explosively every day, the overall flow of foreign capital to this stock showed a net outflow.
In other words, although Goldman Sachs and Wall Street capital institutions bought a lot, other foreign institutions sold more.
After this week, the overall net outflow of funds from Beijing to ST Tiansheng was about -1.9 billion yuan, with an average daily net outflow of about -380 million yuan.
Among the selling foreign funds, the Norwegian Pension Fund is selling sharply, because in the institution's strategy, Tiansheng Capital's expectations and logic remain unchanged, and it is firmly held; expectations and logic are terminated, and selling is withdrawn.
The agency recently believed that the company's expectations and logic had ended, and began to implement a profit-taking withdrawal.
During this period of crazy rising prices, it was just the time to evacuate.
Moreover, the liquidity of the stock kings is very strong. Even if the recent volume is not as great as last month, let alone compared with February and March this year, the daily transaction size is still not less than 40 billion, and the stock price is still large after a large withdrawal.
It has a strong ability to undertake and can sell it at a good price.
However, for the Norwegian pension fund, it has made a lot of money from this stock. The cumulative return on investment has reached +1067%, which is more than 10.6 times of investment in about four years.
The rate of return is quite astonishing, and it is also the one where Norwegian pension funds actually make the most money among all the investment targets in the A-share market.
Because the company is large and liquid, it can be held on a large scale.
The current historical high price of the stock king is 165,083.89 yuan, which is the price before the restoration of rights. The backdoor listing price four years ago was 3,000 yuan per share. The cumulative return before the restoration of rights was +5402.79%, which is more than 54 times.
However, the company has continued to pay large-scale dividends in the past four years, and the latest dividend has been completed. If the dividend income is included in the restoration of rights, the price of the stock king has actually reached 199,533.89 yuan/share, and the cumulative investment return
The rate reached +6551.13%, which is more than 65 times.
It is worth mentioning that the Norwegian Pension Fund got on board during the private placement of Tiansheng Capital during its backdoor listing, but at that time the funds on board were very small.
After the reinstatement, the stock king achieved a cumulative return rate of 65.5 times, and the Norwegian Pension Fund's overall return rate was 10.6 times. The reason is that the institution's funds are not a single transaction.
In the past four years, the Norwegian Pension Fund has adopted a strategy based on a quarterly cycle. Basically, it will carry out a strategy of adding positions every quarter after listing. It executes left-hand transactions, which are basically buy, buy, buy, so the overall cost is constantly increasing.
It is rising upward, but at the same time, the absolute profit scale is also constantly expanding because the position is increasing.
Almost every long-termist who trades on the left like Norwegian Pension has made a lot of money. Looking back at the K-line chart from the stock king, the history of any period of time has been figured out, even if it has been
The top that has been cut in half, as long as the cycle is lengthened to the point where the overall trend since its listing is a buying point.
