00981A Stock Swap List Revealed! Slashes 5 Electronics Stocks, Boosts AI Bets — Why Yageo Was Held Steady

When other active ETFs adjusted their holdings in Yageo, why did 00981A choose to go against the tide? In July, Yageo (2327), the leader in passive components, saw a sharp stock price correction. Many active ETFs took the opportunity to sell and rebalance their portfolios. However, the Yuanta Taiwan Equity Growth ETF (00981A), managed by fund manager Chen Chuan-Yao—nicknamed the 'Goddess of Yaochi'—opted for a contrarian move by increasing its stake. By the end of July, it held 25,437 shares of Yageo, solidifying its position as a core holding and raising market curiosity: What does 00981A see that others don’t? What signals does this counter-trend positioning send about future prospects?

Yageo Dropped to NT$456—Why Did 00981A Still Buy?

Yageo’s stock price corrected sharply within less than a month, leading many retail investors to assume active ETFs would have already cut losses and exited. However, financial influencer 'Chip Bro Ge' analyzed that large institutional funds operate under fundamentally different logic compared to individual investors.

He pointed out that 00981A holds as many as 25,437 shares in Yageo—such a position cannot be liquidated overnight. Fund managers must consider not only company fundamentals but also market liquidity, transaction costs, investment mandates, and the interests of all beneficiaries when adjusting positions. As such, they typically adopt phased buying or selling strategies rather than executing large-scale trades at once.

He emphasized that what the market often overlooks is that large institutions don’t just watch stock prices—they prioritize whether a company’s fundamentals have changed. If the original investment thesis remains intact, even significant short-term volatility doesn’t necessarily warrant immediate loss-cutting.

Moreover, it's estimated that 00981A’s average cost basis in Yageo is around NT$400. Even when the stock dipped to a low of NT$456.5, there remained a comfortable margin from its entry point, eliminating urgent pressure to stop losses. More importantly, while other active ETFs reduced exposure, 00981A increased its stake—highlighting that the fund manager’s long-term outlook on Yageo’s fundamentals remains unchanged.

No Sale on Yageo, But Heavy Cuts on 5 Electronics Stocks—00981A’s Latest Portfolio Changes Revealed

Although 00981A didn’t adjust its Yageo position, this doesn’t mean its overall portfolio stayed static. According to the latest holdings data, 00981A recently made significant adjustments to five electronics stocks:

- Chipbond Technology (6147) - High Tech (5439) - Advantest-Taiwan (6510) - TPK Holding (6278) - Tong Hsing Electronic (6271)

Notably, single-day net sales of Chipbond and High Tech exceeded NT$100 million each, while the other three were partially cashed out for approximately NT$40–80 million.

On the flip side, 00981A simultaneously increased stakes in Molex-KY and Wiwynn, indicating the fund manager is actively reshaping the portfolio and reallocating capital toward sectors with stronger growth potential. In other words, 00981A isn't broadly boosting electronics exposure—it’s maintaining its Yageo position while continuously optimizing the overall investment mix.

What Does 00981A’s Rebalancing Signal? Experts Say Focus Should Be on Sector Trends, Not Individual Stocks

'Chip Bro Ge' stated that changes in active ETF holdings are indeed valuable reference points, but investors should avoid directly copying fund managers’ moves.

He explained that when funds trim certain positions during market rebounds, it doesn’t always signal bearish sentiment. It could simply reflect profit-taking, reducing sector concentration, or reallocating capital to higher-growth opportunities.

Therefore, what truly matters isn’t whether a single stock was bought or sold—but where institutional capital is flowing: which industries and sectors are attracting inflows. These macro trends often carry more weight than individual stock movements and should be the primary focus for investors tracking active ETF shifts.

Will You Profit Just by Following 00981A’s Buys? Experts Urge Investors to Establish Their Own Trading Discipline

'Chip Bro Ge' warned that institutional positioning can serve as an important directional indicator, but it shouldn’t replace personal investment strategy.

Even if you buy the same stocks as the fund, you should still predefine stop-loss, take-profit, and asset allocation rules. If technical indicators weaken or your predefined exit conditions are breached, you should adjust your position according to discipline—not hold on indefinitely just because the fund hasn’t sold yet.

He stressed that active ETFs operate with vastly different scales, cost bases, and investment horizons compared to retail investors, allowing them to withstand greater volatility. While institutional flows offer market direction, they shouldn’t be treated as direct trading signals. Ultimately, investment performance depends on establishing personalized risk management and trading discipline—not blindly following fund managers.

FAQ

Why Didn’t 00981A Sell Yageo?

It’s widely believed that 00981A’s average cost in Yageo is around NT$400. Given that large funds consider liquidity, fundamentals, and long-term strategy, they won’t immediately dump shares due to short-term price swings. Instead, they may continue phased accumulation based on fundamental analysis.

Which Stocks Did 00981A Recently Adjust?

According to the latest data, 00981A trimmed positions in Chipbond, High Tech, Advantest-Taiwan, TPK Holding, and Tong Hsing Electronic, while adding to Molex-KY and Wiwynn—showcasing ongoing portfolio optimization.

Can Retail Investors Directly Copy 00981A’s Stock Picks?

Experts say the ETF’s holdings offer insight, but investors must make decisions based on their own risk tolerance, capital allocation, and profit/loss planning—not by mimicking fund managers’ actions.