持续加仓！百亿私募仓位指数上破80%大关

Core Insights - Billion-level private equity firms have shown a strong willingness to increase positions, with the position index reaching 80.28% as of May 30, 2025, up from 76.18% at the end of April, indicating a significant increase of 4.1% [1][3] - Since the end of 2024, the positions of billion-level private equity firms have been on a continuous upward trend, with a cumulative increase of 10.01% compared to the end of 2024 [1] Group 1: Market Sentiment and Positioning - The current position distribution shows that 60.96% of billion-level private equity firms are fully invested, while 26.07% are at moderate levels, and only 2.14% are in a cash position [3] - The trend indicates a significant decrease in the proportion of firms with low and moderate positions, with the moderate position category dropping from 40.03% at the end of April to 26.07% [3] Group 2: Investment Rationale - The continuous increase in positions is attributed to three main factors: positive policy signals, improved market expectations, and the current A-share market being at historically reasonable low valuations [1] - The technology sector, particularly companies in AI, semiconductors, and consumer electronics, is seen as presenting rare investment opportunities [1]