机构长情持仓背后，实则是暗中布局

Group 1 - The article highlights the contrast between long-term holding strategies of certain funds and the short-term speculative behavior in the A-share market, illustrating a "race to run" mentality among investors [1][3] - Specific funds are noted for their long-term positions in stocks like Tencent and Kweichow Moutai, with some holding these positions for over 30 reporting periods, indicating a deep commitment to their investment choices [2][5] - The narrative suggests that while these funds appear passive, they are actually leveraging data-driven models to validate the predictability of their investments, particularly in companies like Moutai [5][10] Group 2 - The article emphasizes the importance of data over news in investment decisions, suggesting that successful investors build a quantifiable understanding of market dynamics rather than reacting to headlines [4][18] - An example is provided with Tongyuan Petroleum, which saw a significant price increase attributed to market conditions, but prior data signals indicated institutional activity that foreshadowed this movement [6][17] - The discussion encourages investors to develop their own data observation systems, focus on capital flows rather than news, and understand market expectations, highlighting that true investment insights often lie in overlooked quantitative signals [18]