1月22日，公募基金2025年四季报披露完毕。公募基金最新前十大重仓股出炉，分别是中际旭创（300308）、新易盛（300502）、宁德时代（300750）、腾 讯控股、紫金矿业（601899）、阿里巴巴-W、寒武纪、立讯精密（002475）、贵州茅台（600519）、东山精密（002384）。与2025年三季度末相比，寒武 纪、东山精密新进公募基金前十大重仓股，工业富联（601138）、中芯国际退出前十大重仓股。 中际旭创成为公募基金2025年四季度增持市值最多股票，增持市值为226.02亿元。此外，中际旭创已经连续三个季度位列公募基金增持市值最多的股票。除 科技股外，有色、化工、电气设备板块个股也得到了基金经理的大手笔增持。 中际旭创登顶 根据天相投顾提供的数据，2025年四季度末，中际旭创取代宁德时代成为公募基金第一大重仓股，公募基金持有市值达784.21亿元。 除了AI板块，有色、化工、电气设备等板块也在2025年四季度得到了基金经理们的大手笔增持，一些有色、化工板块的股票在2025年四季度取得了不错的 涨幅，比如云铝股份、天华新能在2025年四季度股价的涨幅分别超过60%、110%。 权益资产吸引力 ...

数据显示，公募基金2025年四季度仓位聚焦电子、电力设备等核心赛道，光模块龙头中际旭创和新易 盛，超越宁德时代和腾讯控股，成为主动权益基金前两大重仓股。 公募基金2025年四季报披露收官。 中际旭创登顶主动权益基金头号重仓股 天相投顾数据显示，截至2025年四季度末，中际旭创登顶主动权益基金头号重仓股，位列第二到第十大 重仓股的分别是新易盛、宁德时代、腾讯控股、紫金矿业、阿里巴巴-W、寒武纪-U、立讯精密、贵州 茅台、东山精密，覆盖AI、新能源、互联网、消费、电子等方向。 多股获基金锁定20%以上的流通筹码 从基金持仓集中度来看，据Wind数据，宁德时代、中际旭创、紫金矿业、新易盛、中国平安、腾讯控 股、寒武纪-U、贵州茅台、美的集团等个股最受公募青睐，均获超千只基金持有。从持股锁定程度来 看，2025年四季度末，中际旭创、新易盛、东山精密、浙江荣泰、海思科、斯菱智驱、恒勃股份等个 股，基金持股数量占流通A股比例均超20%，筹码集中效应显著。 板块配置上，公募基金对成长板块的偏好持续升温。2025年四季度末，基金持股市值占科创板、创业板 流通市值的比例均超5%，位居各板块前列。相较于三季度末，基金对创业板的仓 ...

Core Viewpoint - The article highlights the companies with the highest increased market value, indicating potential investment opportunities in the listed firms [1] Group 1: Companies with Increased Market Value - Zhongji Xuchuang (中际旭创) has the highest increased market value at 22.602 billion yuan [1] - China Ping An (中国平安) follows with an increased market value of 10.537 billion yuan [1] - Dongshan Precision (东山精密) has an increased market value of 10.197 billion yuan [1] - Xinyi Technology (新易盛) shows an increased market value of 9.626 billion yuan [1] - Shengyi Technology (生益科技) has an increased market value of 6.017 billion yuan [1] - Zijin Mining (紫金矿业) reports an increased market value of 5.317 billion yuan [1] - Yun Aluminum (云铝股份) has an increased market value of 4.321 billion yuan [1] - Siyuan Electric (思源电气) shows an increased market value of 4.199 billion yuan [1] - Tianhua New Energy (天华新能) has an increased market value of 4.023 billion yuan [1] - Maiwei Technology (迈为股份) reports an increased market value of 3.852 billion yuan [1]

1月22日，公募基金2025年四季报披露完毕。公募基金最新前十大重仓股出炉，分别是中际旭创、新易 盛、宁德时代、腾讯控股、紫金矿业、阿里巴巴-W、寒武纪、立讯精密、贵州茅台、东山精密。与 2025年三季度末相比，寒武纪、东山精密新进公募基金前十大重仓股，工业富联、中芯国际退出前十大 重仓股。 中际旭创成为公募基金2025年四季度增持市值最多股票，增持市值为226.02亿元。此外，中际旭创已经 连续三个季度位列公募基金增持市值最多的股票。除科技股外，有色、化工、电气设备板块个股也得到 了基金经理的大手笔增持。 ● 本报记者 万宇 张凌之 中际旭创登顶 根据天相投顾提供的数据，2025年四季度末，中际旭创取代宁德时代成为公募基金第一大重仓股，公募 基金持有市值达784.21亿元。 积极拥抱AI 2025年，人工智能（AI）成为A股市场最强主线之一。2025年四季度，基金经理调仓换股力度较大，积 极拥抱AI。 以知名基金经理陈皓管理的易方达科翔为例，该基金2025年四季度重仓的AI相关板块贡献显著，截至 2025年四季度末，该基金前十大重仓股包括中际旭创、新易盛等多只AI概念股。 刘玉管理的广发新兴成长混合前十大重 ...

Core Viewpoint - The article presents a list of companies with their total market value held by funds, highlighting significant players in the market and their respective valuations in billions of yuan. Group 1: Company Market Values - Zhongji Xuchuang (300308) has a total market value of 78.42 billion yuan [1] - Xinyi Technology (300502) holds a market value of 65.70 billion yuan [1] - CATL (300750) is valued at 64.85 billion yuan [1] - Tencent Holdings (00700.HK) has a market value of 59.30 billion yuan [1] - Zijin Mining (601899) is valued at 39.31 billion yuan [1] - Alibaba Group (09988.HK) holds a market value of 31.77 billion yuan [1] - Cambricon Technologies (688256) has a market value of 29.99 billion yuan [1] - Luxshare Precision (002475) is valued at 28.70 billion yuan [1] - Kweichow Moutai (600519) holds a market value of 26.44 billion yuan [1] - Dongshan Precision (002384) is valued at 25.17 billion yuan [1]

Group 1 - The A-share market experienced fluctuations at relatively high levels in Q4 2025, with a slight decrease in overall equity positions of public funds compared to Q3 2025 [1][2] - The average equity positions for stock and mixed funds were 89.06% and 81.05%, respectively, showing a minor decline from the previous quarter [2] - Major holdings in public funds included leading light module companies, with Zhongji Xuchuang and Xinyi Sheng surpassing Ningde Times and Tencent Holdings to become the top two heavyweights [1][4] Group 2 - Several actively managed equity funds significantly increased their positions, with notable examples including Bosera Huixing and GF Chengxiang, which raised their equity positions by 12.31 and 10.3 percentage points, respectively [2] - Fund managers expressed optimism about the A-share market for 2026, citing potential dual benefits from domestic and international liquidity [3][9] - The focus on technology sectors continued, with managers identifying investment opportunities in storage chips, solid-state batteries, and humanoid robots [7][10] Group 3 - The top 50 heavyweights in public funds were primarily concentrated in information technology, consumer goods, and investment sectors, with 18 stocks in the information technology sector [4][6] - AI-related stocks gained prominence, with Zhongji Xuchuang, Xinyi Sheng, and Hanwujing entering the top seven heavyweights due to the AI boom [4][6] - The number of innovative drug companies in the top 50 heavyweights decreased from eight to five by the end of Q4 2025, indicating a shift in investment focus [5] Group 4 - Fund managers anticipate that the AI investment theme will continue to be a primary focus, with expectations for rapid growth in AI applications in the coming years [9][10] - The investment strategy is shifting towards AI applications, including smart driving, edge AI, and humanoid robots, as the industry matures [9][10] - The overall sentiment among fund managers is that the AI-driven technology market will remain a significant area of investment for the next several years [9][10]

Group 1 - The A-share market is experiencing fluctuations at relatively high levels, with public fund equity positions slightly decreasing compared to the previous quarter [1] - As of the end of 2025, the leading heavyweights in public funds are Zhongji Xuchuang and Xinyi Sheng, surpassing Ningde Times and Tencent Holdings [1][4] - The mining giant Zijin Mining has entered the top five heavyweights for the first time, indicating a shift in investment focus [1][4] Group 2 - Several actively managed equity funds have significantly increased their equity positions, with notable increases in funds like Bosera Huixing and GF Chengxiang [2] - Fund managers express optimism about the A-share market for 2026, anticipating dual liquidity benefits in the first quarter [2][3] - The focus on sectors with high performance certainty and relatively low valuations, such as AI hardware and non-ferrous metals, is emphasized by fund managers [2][3] Group 3 - The top 50 heavyweights in public funds are primarily concentrated in information technology, consumer goods and services, and investment products [4] - AI-related stocks have emerged as new favorites in public fund portfolios, with Zhongji Xuchuang, Xinyi Sheng, and Hanwujing among the top seven heavyweights [4][5] - The consumer goods sector remains weak, with only a few representatives in the top 50, including major liquor brands [4] Group 4 - Fund managers are focusing on technology sectors, particularly storage chips, solid-state batteries, and humanoid robots, to capitalize on emerging trends [6] - The AI industry is expected to accelerate in 2026, with a shift towards AI application development rather than just infrastructure [8][9] - The investment strategy includes maintaining core holdings while exploring opportunities in AI applications, such as smart driving and AI-enabled robots [8][9]

Core Insights - Public funds in Q4 2025 focused on core sectors such as electronics and power equipment, with leading stocks like Zhongji Xuchuang and Xinyi Sheng surpassing Ningde Times and Tencent to become the top two holdings in active equity funds [1][2] Group 1: Fund Holdings - Zhongji Xuchuang emerged as the top stock held by active equity funds, followed by Xinyi Sheng, Ningde Times, Tencent, Zijin Mining, Alibaba-W, Hanwha Techwin-U, Luxshare Precision, Kweichow Moutai, and Dongshan Precision, covering sectors like AI, new energy, internet, consumption, and electronics [2] - Over 600 new stocks were added to public fund portfolios by the end of Q4 2025, with stocks like Litong Technology, Xingtum Measurement and Control, Chaojie Co., Dafeng Industrial, Lixing Co., and Dayilong seeing fund holdings exceeding 4% of their circulating A-shares [2] Group 2: Industry Focus - The electronics, pharmaceutical biology, and machinery equipment sectors were the most concentrated in terms of stock numbers, each with over 250 stocks held by public funds [3] - The electronics sector accounted for approximately 20% of the total market value of public fund holdings, with Hanwha Techwin-U being the largest individual stock in this sector, held by over a thousand funds [3] - The power equipment sector followed, with a market value share exceeding 10%, and stocks like Tianci Materials and Tianhua New Energy seeing significant increases in fund holdings [3] Group 3: Fund Concentration and Performance - Stocks like Ningde Times, Zhongji Xuchuang, Zijin Mining, Xinyi Sheng, China Ping An, Tencent, Hanwha Techwin-U, Kweichow Moutai, and Midea Group were favored by public funds, each held by over a thousand funds [4] - By the end of Q4 2025, stocks such as Zhongji Xuchuang, Xinyi Sheng, Dongshan Precision, Zhejiang Rongtai, Haishi Ke, Siling Zhichu, and Hengbo Co. had over 20% of their circulating A-shares held by funds, indicating significant concentration [4] - Public funds showed a preference for growth sectors, with holdings in the Sci-Tech Innovation Board and ChiNext exceeding 5% of their circulating market value, reflecting an increase in allocation to ChiNext compared to Q3 2025 [4] - Companies like Zhongtai Co., Shanghai Yizhong, Nanfang Precision, and Jin'an Guoji projected net profit growth rates exceeding 500% for 2025, supported by institutional backing [4]

数据显示，公募基金2025年四季度仓位聚焦电子、电力设备等核心赛道，光模块龙头中际旭创和新易盛，超越 宁德时代和腾讯控股，成为主动权益基金前两大重仓股。 中际旭创登顶主动权益基金头号重仓股 天相投顾数据显示，截至2025年四季度末，中际旭创登顶主动权益基金头号重仓股，位列第二到第十大重仓股 的分别是新易盛、宁德时代、腾讯控股、紫金矿业、阿里巴巴-W、寒武纪-U、立讯精密、贵州茅台、东山精 密，覆盖AI、新能源、互联网、消费、电子等方向。 与2025年三季度末相比，光模块龙头中际旭创和新易盛，超越宁德时代和腾讯控股，成为主动权益基金前两大 重仓股。寒武纪-U、东山精密新进前十大重仓股，工业富联、中芯国际退出前十大重仓股。 从公募基金的全市场统计口径来看，个股层面，据Wind数据，公募基金2025年四季度末新进个股超600只，利 通科技、星图测控、超捷股份、大丰实业、力星股份、达意隆等个股，基金持股总量占流通A股比例均超 4%，其中星图测控、超捷股份1月以来股价涨幅均超两成，成为新进标的中的亮点。 增持与减持阵营均呈现规模化特征，四季度基金增持个股超1300只，恒勃股份、迈为股份、天华新能、普蕊 斯、斯菱智驱等个 ...

每经AI快讯，1月22日，公募基金2025年四季报披露完毕，偏股型基金四季度重仓股也随之出炉。天相 投顾数据显示，去年四季度，"易中天"三大巨头中的中际旭创（300308）、新易盛（300502）分别取代 宁德时代（300750）、腾讯控股，位列公募基金第一、第二重仓股，宁德时代、腾讯控股分别退居第 三、第四大重仓股。 ...