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]

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。 ...

通信行业资金流入榜 沪指1月22日上涨0.14%，申万所属行业中，今日上涨的有22个，涨幅居前的行业为建筑材料、国防军 工，涨幅分别为4.09%、3.23%。通信行业今日上涨2.83%。跌幅居前的行业为美容护理、银行，跌幅分 别为0.76%、0.43%。 资金面上看，两市主力资金全天净流出216.12亿元，今日有12个行业主力资金净流入，通信行业主力资 金净流入规模居首，该行业今日上涨2.83%，全天净流入资金80.19亿元，其次是国防军工行业，日涨幅 为3.23%，净流入资金为57.13亿元。 主力资金净流出的行业有19个，电子行业主力资金净流出规模居首，全天净流出资金132.06亿元，其次 是电力设备行业，净流出资金为72.06亿元，净流出资金较多的还有有色金属、汽车、医药生物等行 业。 通信行业今日上涨2.83%，全天主力资金净流入80.19亿元，该行业所属的个股共124只，今日上涨的有 94只，涨停的有3只；下跌的有29只。以资金流向数据进行统计，该行业资金净流入的个股有60只，其 中，净流入资金超亿元的有14只，净流入资金居首的是中际旭创，今日净流入资金21.50亿元，紧随其 后的是新易盛、天孚通信 ...

在持续一年多的科技股牛市推动下，公募基金头号重仓股的宝座也让位于光模块巨头。 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、新易盛分别取代宁德时代、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。 最新数据显示，信息技术板块在去年四季度获得基金较多增持。在偏股型基金增持榜前五名中，有4只 个股属于信息技术板块，保险板块中的中国平安也获得较大力度的加仓。 | 603986 | 兆易创新 | 157.29 | 10.99 | 0.45 | 40.71 | | --- | --- | --- | --- | --- | --- | | 600183 | 生益科技 | 152.02 | 8.89 | 32.19 | 3.77 | | 603259 | 药明康德 | 145.18 | 5.37 | -19.09 | 7.68 | | 300394 | 天孚通信 | 138.87 | 8.82 | 21 | -1.5 | | 688041 | 海光信息 | 128.58 | 2.47 ...

【导读】偏股型基金四季度末重仓股榜单出炉 在持续一年多的科技股牛市推动下，公募基金头号重仓股的宝座也让位于光模块巨头。 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、新易盛分别取代宁德时代、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。 新易盛的情况类似，尽管偏股型基金小幅减持，持股市值仍然在股价上涨的带动下大幅增长，从而推动 座次上升。 中国平安是唯一挤入前二十大重仓股的"新面孔"，从三季度末的第41名升至四季度末的第15名。 最新数据显示，信息技术板块在去年四季度获得基金较多增持。在偏股型基金增持榜前五名中，有4只 个股属于信息技术板块，保险板块中的中国平安也获得较大力度的加仓。 中际旭创登顶偏股型基金第一大重仓股 数据显示，截至去年四季度末，纳入统计的5458只积极投资偏股型基金的前十大重仓股分别为中际旭 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。 | | | 偏股型基金四季度末前五十大重仓股 | | | | | ...

中国基金报记者 若晖 【导读】偏股型基金四季度末重仓股榜单出炉 在持续一年多的科技股牛市推动下，公募基金头号重仓股的宝座也让位于光模块巨头。 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、新易盛分别取代宁德时代、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。 最新数据显示，信息技术板块在去年四季度获得基金较多增持。在偏股型基金增持榜前五名中，有4只个股属于信息技术板块，保险板块中 的中国平安也获得较大力度的加仓。 中际旭创登顶偏股型基金第一大重仓股 数据显示，截至去年四季度末，纳入统计的5458只积极投资偏股型基金的前十大重仓股分别为中际旭创、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。 | 代码 | 名称 | 基金持有 占流通 | | 2025年4 | 2026年1 月份以来 | | --- | --- | --- | --- | --- | --- | | | | 总市值 | 股比例 | 季度涨幅 | | | | | ( ...

As AI and semiconductors become national priorities, markets are already positioning for how China's 15th Five-Year Plan will reshape its industrial landscapeImage Credit: Bamboo WorksNot every industry filled prioritized for development in China ultimately survives tensions between policy support and commercial reality. Some sectors gradually lose momentum due to weakening demand, rising costs, or flawed business models, eventually fading from both policy narratives and capital allocation priorities.With s ...

CPO三剑客"易中天" 获主力资金抢筹 14个行业主力资金净流入。 A股三大指数今日（1月22日）集体收涨，行业板块多数上涨，航天航空、采掘行业、船舶制造、玻璃 玻纤、燃气、石油行业、光伏设备、煤炭行业、水泥建材板块涨幅居前，电子化学品、保险板块跌幅居 前。 从今日主力资金情况来看，沪深两市全天主力资金净流出104.42亿元。14个行业主力资金净流入，通 信、国防军工、非银金融行业主力资金净流入金额分别为78.84亿元、29.16亿元、13.71亿元；机械设 备、银行、建筑材料、计算机行业主力资金净流入金额均超4亿元。 17个主力资金净流出行业中，电子、电力设备、有色金属、基础化工行业主力资金净流出金额居前，分 别为79.79亿元、54.2亿元、27.73亿元、20.77亿元； 汽车、家用电器、医药生物行业主力资金净流出金 额均超10亿元。 据数据宝统计，今日有57股主力资金净流出均超2亿元，其中，三花智控、通富微电、宁德时代、立讯 精密、华天科技等净流出金额居前。 | | 1月22日主力资金净流出排名 | | | | --- | --- | --- | --- | | 代码 | 简称 | | 今日涨跌幅 净 ...