Sou Hu Cai Jing·2025-07-24 10:57Core Insights - The article highlights the significant increase in the stock price of Pop Mart, which rose from HKD 155.85 to HKD 266.66, marking a 71% increase in the second quarter [3] - The number of public funds holding Pop Mart shares increased from 207 to 311, indicating a growing interest among institutional investors [4][5] - Despite the increase in the number of funds, the total shares held by these funds only grew by 5.21%, suggesting limited net buying activity [5] Fund Activity - A total of 311 funds held Pop Mart shares in the second quarter, with 124 new entries and 34 funds increasing their positions, while 138 funds reduced their holdings, a 102% increase in the number of funds that sold [4][5] - The total number of shares held by funds reached 72,328,400, with a slight increase of 5.21% [5] - Notable new entrants included two funds from Oriental Red Asset Management, which became the top two holders, acquiring 334.26 million and 266.98 million shares respectively [5][6] Shareholder Changes - Among the top 20 funds, 11 reduced their holdings while 3 increased their positions, indicating a mixed sentiment among major shareholders [5][6] - Significant reductions were noted from funds such as Invesco Great Wall Quality Evergreen A, which sold 701,600 shares, and Southern Xingrun Value One-Year A, which reduced holdings by 964,000 shares [5][6] - The stock price of Pop Mart has experienced fluctuations, dropping from a peak of HKD 283.4 on June 21 to HKD 253 on July 24 [6]