Ch. 602Summary report
Lin Shicheng completed Era Vanguard’s 2019 investment report, documenting its holdings, transactions, compliance framework, and risks. Zhao Chen reviewed the report and said it would preserve a record of how Era Vanguard had built its positions.
- Lin Shicheng summarized Era Vanguard’s approximately $27.1 billion in assets and noted that its Henglong-share financing had been repaid and all pledged shares released.
- Lin Shicheng documented Era Vanguard’s Nvidia accumulation and Zhao Chen’s decision to lock up the holding as a permanent core position.
- Lin Shicheng reviewed Era Vanguard’s Tesla purchases, including its May 9 defense of the shares near the liquidation line, and recorded the holding’s transition to a strategic allocation.
- Lin Shicheng outlined Era Vanguard’s SEC filings and compliance safeguards, then recommended diversifying future earnings while recognizing the risks of concentrated holdings.
- Lin Shicheng signed the report and gave it to Zhao Chen, who reviewed it and said it would archive the fund’s actions for future reference.