24Q2食品饮料基金持仓分析：板块环比减配白酒超配收窄

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公募基金食饮重仓比例下降，超配收窄。24Q2 季末基金食品饮料板块重仓持股比例为10.97%，环比下降3.16pct。食饮板块降至基金重仓第二行业，超配比例下降，24Q2 整体超配5.71pct，环比下降2.51pct。分基金类型看，主、被动基金对食饮板块均边际减配，主动权益基金食饮持仓比例环比下降3.63pct。分析来看，24Q2 边际减仓幅度较大，24Q2 消费需求整体转淡，市场对食饮板块预期...

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端，维持良性市场基础以应对后续需求变动。随着茅台释放提分红预期、批价回升、以及消费税短期担忧缓解，板块有望企稳，后续随基本面改善有望持续向上，当前可中长期布局，短期维度仍看好情绪向上带来的弹性标的机会，推荐五粮液、山西汾酒、迎驾贡酒，关注金徽酒。大众品板块：看好顺周期，重视龙头。大部分优质公司已经跌至历史低位，重点推荐餐饮供应链和啤酒板块（青岛啤酒、燕京啤酒、安琪酵母、安井食品、千味央厨、立高食品、宝立食品）。目前安井食品PE 估值仅14 倍，公司作为龙头韧性较强，重点推荐；其次关注千味央厨，公司的负面担忧逐步出清，三季度随着大B 端新品上市，预计业绩表现边际好转。啤酒板块二季度估值普遍回调，7 月起伴随预期改善有所复苏，随着高温区域扩大，华北、华东多地高温，体育赛事加持，低基数下销量表现有望环比改善。风险提示：消费修复不及预期风险；行业竞争加剧风险；食品安全风险。","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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24Q2食品饮料基金持仓分析：板块环比减配 白酒超配收窄

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24Q2食品饮料基金持仓分析：板块环比减配白酒超配收窄