邱国鹭的百亿私募高毅资产旗下产品三季度出现在18家公司前十大流通股名单中。具体来看，海康威视 （002415）为高毅资产第一大重仓股，持股市值达88.26亿元，但高毅资产三季度减持了5800万股。三 季度高毅资产减持数量最多的是紫金矿业（601899），减持数量达1860万股。 重仓行业包括计算机、食品饮料、电子等 【深圳商报讯】（记者 陈燕青）随着上市公司三季报披露完毕，百亿私募最新的持仓动向浮现。根据 私募排排网统计显示，截至10月31日，共有35家百亿私募旗下产品出现在203只个股三季报前十大流通 股东中，期末持仓市值超过700亿元。从持仓市值来看，百亿私募三季度末重仓行业包括计算机、食品 饮料、电子等。 对于后市走势，星石投资认为，市场仍具有内部驱动。短期来看，不确定因素压制市场风险偏好，资金 出于避险或止盈的需求可能会导致市场波动，这点在前期涨幅更大的科技成长风格中体现更为明显。中 期角度看，不确定性因素的扰动也会缓解。当前市场仍具有牛市驱动，流动性驱动有望持续的同时，基 本面驱动或将逐步跟上。 裘国根的重阳投资三季度继续重仓新和成（002001），持股数量与中报持平，为6117.81万股，期末持 ...

人民财讯11月4日电，港股午后走低，恒生科技指数跌逾1%，恒生指数跌0.22%。紫金矿业（601899） 跌超5%，泡泡玛特、地平线机器人跌超4%。 ...

Market Performance - The Hang Seng Index increased by 0.20% at midday on November 4 [1] - The Hang Seng Tech Index decreased by 0.20% [1] Sector Performance - Gold stocks experienced a widespread decline, with Lingbao Gold falling over 5%, Shandong Gold and Zijin Mining both dropping more than 4% [1] - The Apple supply chain saw significant losses, with Cowin Technology down nearly 9%, Hon Teng Precision down 6%, and FIH Mobile down nearly 5% [1]

Group 1 - Lingbao Gold experienced a decline of over 5% [1] - Jihai Resources, Tongguan Gold, and Zijin Mining fell by more than 4% [1] - Zhaojin Mining, Shandong Gold, Chifeng Jilong Gold, China Silver Group, and China Gold International dropped by over 3% [1]

Group 1 - The Hang Seng Index opened down 0.04%, while the Hang Seng Tech Index fell by 0.19%. Notable declines included Hengan International down over 4%, Zijin Mining down over 2%, and Li Auto down over 1% [1] - According to China Merchants Securities, the "14th Five-Year Plan" outline released by important meetings exceeded market expectations, combined with signs of easing US-China relations and strengthened expectations for Federal Reserve interest rate cuts, these three factors will support the Hong Kong stock market in shifting from "suppressed" to "rising" in the fourth quarter [1] - Galaxy Securities indicated that the current valuation of Hong Kong stocks is at a historically high level, predicting a wide range of fluctuations in the market. They recommend focusing on sectors such as precious metals as safe-haven assets, dividend assets due to changing market styles, and technology and consumer sectors highlighted in the "14th Five-Year Plan" [1] Group 2 - CITIC Securities stated that the restart of the Federal Reserve's interest rate cut cycle will benefit the Hong Kong stock market, particularly favoring the technology sector within the AI industry chain and the potential for valuation expansion due to liquidity overflow. The global AI computing power industry chain is experiencing continuous growth, and Hong Kong, as a hub for domestic AI core assets, is expected to directly benefit from this industry trend [2]

Report Title - The report is titled "Analysis of Public Offering Equity and FOF Fund Q3 Reports: Growth Mainline Spreading at Multiple Levels, Institutional Herding Progressing Synchronously" [1] Investment Rating - The document does not mention the industry investment rating. Core Viewpoints - In Q3 2025, the A-share market showed characteristics of a high-beta, comprehensively rising, growth-led structural bull market, with the Hong Kong stock market moving in tandem. Growth indices outperformed value indices, and the market showed multi-level diffusion of investment opportunities and synchronous institutional herding. Active equity funds continued to experience slight net redemptions, but the overall scale increased significantly driven by net value. Funds concentrated on increasing allocations in the TMT direction and adjusted positions from relatively weak sectors [3]. Summary by Directory 1. Fund Market Overview - **Performance Review**: The A-share market in Q3 2025 showed a high-beta, comprehensively rising, growth-led structural bull market. Broad-based indices generally rose significantly, with the ChiNext leading. The Shanghai Composite Index, Shenzhen Component Index, and CSI 300 rose 12.73%, 29.25%, and 17.90% respectively, while the ChiNext Index and STAR 50 Index rose 50.40% and 49.02%. The Hong Kong stock market moved in tandem with the A-share market. In terms of style, large, medium, and small-cap growth indices significantly outperformed value indices, with large-cap growth leading [10]. - **Industry Index Performance**: In Q3, 30 out of 31 Shenwan industries, except for the banking industry, achieved positive returns. Technology manufacturing and non-ferrous metals performed well, while the financial sector was generally weak. The top 5 industries in terms of increase were communication (48.65%), electronics (47.59%), power equipment (44.67%), non-ferrous metals (41.82%), and comprehensive (32.77%) [13]. - **Equity Fund Performance**: In Q3 2025, the average net value of various types of equity funds increased significantly. The average maximum drawdown of balanced hybrid funds with lower stock positions was the lowest, at 4.72%, while that of ordinary stock funds was the highest, at 6.20%. In terms of the Sharpe ratio, partial equity hybrid and flexible allocation funds were relatively high in the short term, and balanced hybrid funds showed better risk-return performance in the long term [23]. - **Scale and Share**: As of the end of Q3 2025, the total scale of active equity funds was 3.99 trillion yuan, a significant increase of 20.81 pct quarter-on-quarter, and the total share was 2.64 trillion shares, a decrease of 5.27 pct quarter-on-quarter. Equity funds continued to experience slight net redemptions, but the overall scale increased significantly driven by net value [30]. - **Newly Issued Funds**: In Q3, the number and scale of newly issued active equity funds increased significantly. A total of 109 funds were newly issued, with a total scale of 5.3925 billion yuan, an increase of 2.3277 billion yuan compared to the previous quarter, reaching a new high in the past three years. Among them, partial equity hybrid funds had the largest newly issued scale, at 4.8082 billion yuan [32]. 2. Fund Holding Characteristics - **Stock/Hong Kong Stock Positions**: In Q3 2025, the equity fund positions increased, with an average stock position of 88.98%, an increase of 1.42 percentage points compared to the end of the previous quarter. The Hong Kong stock position of equity funds slightly decreased this quarter, with the average investment market value of Hong Kong stocks accounting for 13.55% of the net value, a slight decrease of 0.20 percentage points compared to the previous quarter [39]. - **Heavyweight Stock Sector Allocation**: In Q3, the technology sector was the most heavily held by active equity funds, and the holding ratio further increased significantly compared to Q2. The funds concentrated on increasing allocations in the TMT direction and adjusted positions from relatively weak sectors such as banking and food and beverage [43]. - **Heavyweight Stock Industry Allocation**: The electronics industry remained the most heavily held by equity funds, and the allocation ratio further increased, while the banking industry was significantly reduced. The concentration of the top five industries increased from 49.27% in Q2 to 58.58% [47]. - **Top Ten Heavyweight Stocks**: The top 10 stocks by market value accounted for by equity fund heavyweight holdings were Contemporary Amperex Technology Co., Limited, Tencent Holdings, Xinyisheng, Zhongji Innolight, Alibaba Group Holding Limited, SMIC, Industrial Foresight, Luxshare Precision Industry Co., Ltd., Zijin Mining Group Co., Ltd., and Kweichow Moutai Co., Ltd. Stocks with a relatively large increase in market value accounted for in Q3 were Zhongji Innolight, Industrial Foresight, and Xinyisheng [49]. - **Heavyweight Stock Market Value & Concentration**: The market value style of equity fund holdings strengthened towards large-cap stocks. The concentration of the top 50, 100, and 200 stocks increased significantly in Q3, and the herding trend returned [58]. 3. Fund Company Analysis - **TOP20 Fund Company Scale**: In Q3 2025, the equity fund scales of the top 20 active equity fund companies increased significantly compared to Q2. The top 5 institutions remained unchanged from the previous quarter, and among the companies ranked 6 - 20, the equity scale of Yongying Fund increased significantly, rising 11 places [61]. - **TOP20 Fund Company Heavyweight Industries**: The first major heavyweight industries of the top 20 fund companies were mainly electronics and pharmaceutical biology. Dacheng Fund's first major heavyweight industry was non-ferrous metals, showing some differentiation [62]. - **TOP20 Fund Company Heavyweight Stocks**: In Q3, the average concentration of the top three heavyweight stocks of the top 20 active equity fund companies was 13.49%, and that of the top five was 20.01%, slightly decreasing compared to the previous quarter. Xingquan Fund had the highest concentration of the top three heavyweight stocks, at 24.69% [64]. 4. Theme Fund Analysis - **Fund Performance**: In Q3, the performance of various industry theme funds was differentiated. Technology theme funds performed the best, rising 45.96% in the quarter, followed by new energy and cyclical theme funds. Financial theme funds had the worst performance, only rising 3.25% [68]. - **Pharmaceutical and Consumption Themes**: In pharmaceutical theme funds, the sub - sectors with a relatively high market value accounted for were chemical preparations and other biological products. In consumption theme funds, the sub - sectors with a relatively high market value accounted for were liquor and agriculture, forestry, animal husbandry, and fishery [72]. - **Technology and New Energy Themes**: In technology theme funds, the sub - sectors with a relatively high market value accounted for were artificial intelligence and semiconductors. In new energy theme funds, the sub - sectors with a relatively high market value accounted for were photovoltaics and energy storage [76]. 5. FOF Holding Analysis - **High - Allocation Funds**: In Q3 2025, the active equity fund with the highest allocation in FOF heavyweight holdings was "Fuguo Steady Growth", followed by "Bodaogrowth Zhihang" and "Caixin Asset Management Digital Economy" [78]. - **High - Quantity Funds**: In Q3 2025, the active equity fund most heavily held by FOF was still "Fuguo Steady Growth", followed by "Bodaogrowth Zhihang" and "Invesco Great Wall Quality Evergreen" [80]. - **Allocation/Quantity Changes**: In Q3 2025, the active equity fund with the largest increase in both allocation and quantity in FOF heavyweight holdings was "E Fund Growth Power" [82]. - **New - Generation Fund Managers**: Among the active equity funds managed by new - generation fund managers with less than 3 years of management experience, the FOF heavyweight fund with the highest allocation in Q3 was "E Fund Strategic Emerging Industries", managed by Ouyang Liangqi [84].

Market Overview - The Shanghai Composite Index rose by 0.55% on November 3, with 22 industries experiencing gains, led by Media and Coal, which increased by 3.12% and 2.52% respectively. The Nonferrous Metals and Home Appliances sectors saw the largest declines, down by 1.21% and 0.66% respectively [2]. Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 23.944 billion yuan, with 9 industries seeing net inflows. The Media sector led with a net inflow of 2.031 billion yuan, followed by the Banking sector with a net inflow of 1.831 billion yuan and a daily increase of 1.33% [2]. - The Nonferrous Metals sector had the highest net outflow, totaling 7.054 billion yuan, followed by the Electronics sector with a net outflow of 4.571 billion yuan. Other sectors with significant outflows included Non-Bank Financials, Computers, and Communications [2]. Nonferrous Metals Sector Performance - The Nonferrous Metals sector declined by 1.21%, with a total of 137 stocks in the sector. Out of these, 49 stocks rose while 87 stocks fell. The sector saw a net inflow of funds into 32 stocks, with 14 stocks receiving over 10 million yuan in net inflows. China Aluminum led with a net inflow of 143 million yuan, followed by Nanshan Aluminum and Yun Aluminum with inflows of 143 million yuan and 105 million yuan respectively [3]. - The sector's outflow was dominated by 20 stocks with net outflows exceeding 100 million yuan, with Northern Rare Earth, Luoyang Molybdenum, and Zijin Mining experiencing the largest outflows of 1.182 billion yuan, 542 million yuan, and 481 million yuan respectively [3][5]. Nonferrous Metals Sector Fund Inflow and Outflow Rankings - **Top Inflow Stocks**: - China Aluminum: +1.80%, 3.06% turnover, 143.29 million yuan inflow - Nanshan Aluminum: +2.17%, 3.70% turnover, 142.80 million yuan inflow - Yun Aluminum: +5.65%, 2.46% turnover, 105.49 million yuan inflow [4]. - **Top Outflow Stocks**: - Northern Rare Earth: -3.76%, 3.84% turnover, -1.18195 billion yuan outflow - Luoyang Molybdenum: -3.93%, 1.57% turnover, -542.24 million yuan outflow - Zijin Mining: -1.64%, 1.15% turnover, -481.02 million yuan outflow [5].

证券之星消息，11月3日，投资时钟（399391）指数报收于3364.41点，涨0.23%，成交956.71亿元，换手 率0.98%。当日该指数成份股中，上涨的有66家，星辉娱乐以9.29%的涨幅领涨，下跌的有33家，岭南控 股以5.24%的跌幅领跌。 投资时钟（399391）指数十大成份股详情如下： | 证券代码 | 股票简称 | 权重 | 最新价 | 涨跌幅 | 总市值(亿元) | | 所属行业 | | --- | --- | --- | --- | --- | --- | --- | --- | | sh600519 | 贵州茅台 | 16.68% | 1435.00 | 0.35% | | 17970.08 | 食品饮 | | sh600036 | 招商银行 | 15.74% | 41.79 | 2.20% | | 10539.37 | ● 银 | | sh601899 | 紫金矿业 | 7.34% | 30.00 | -1.64% | | 7973.27 | 有色金 | | sz000858 | 五粮液 | 5.26% | 118.98 | -0.01% | S | 4618.34 | 食品饮 | ...

来源｜棱镜 ID｜lengjing_qqfinance 作者｜肖望 成全球第二大IPO 今年以来，金价、铜价齐飞，紫金矿业持续多年的逆势豪赌迎来丰收时刻。 编辑 | 孙春芳 金价在历史高位震荡，金矿公司们躺着迎来"泼天富贵"。 福建省上杭县，这座隶属于龙岩市的小县城，是本轮金价暴涨最大的受益者之一。全国最大的金矿公司——紫金矿业（601899.SH；02899.HK）就坐落于 此，今年前三季度，紫金矿业净利润已超去年全年，达378亿元。紫金矿业是中国唯一一家跻身全球前十的金矿公司，其拥有黄金储量超1500吨，相当于 中国黄金储量的46%。其还是中国最大的铜矿公司，储量超5000万吨，是全国储量的1.2倍。 然而，福建的黄金储量在我国省份中挤不进前十，甚至紫金矿业起家的紫金山金矿最初被判定为"不具备开采价值"。 30多年间，紫金矿业从一家资不抵债、濒临破产的县级国有小矿企，通过极致的成本控制和技术创新站稳脚跟，随后走出福建、在全球一路开展逆周期并 购，成长为全球市值第一的金矿集团，市值超8000亿元。 紫金矿业如何成长为中国金王？ 分拆海外金矿上市 紫金矿业最新披露的三季报显示，在金、铜等有色金属牛市中，公司前 ...

转自：上海市市场监管局网站 公示期：2025年10月31日至2025年11月9日 联系邮箱：jyzjz@samr.gov.cn ...