私募仓位指数创年内新高

Core Insights - The stock private equity position index reached a new high of 78.41% as of September 19, 2025, marking a 0.37 percentage point increase from the previous week and achieving consecutive weekly growth [1][3]. Group 1: Private Equity Position Distribution - Full-position private equity accounts for the highest proportion at 60.01%, followed by medium-position private equity at 23.68%, while low and empty positions are relatively low at 11.18% and 5.13%, respectively [3]. - The increase in the position index is primarily driven by a shift from low-position private equity to medium-position, indicating a spreading optimism among private equity firms [3]. Group 2: Position Index by Scale - As of September 19, 2025, the position indices for various scales of private equity are as follows: over 10 billion, 50-100 billion, 20-50 billion, 10-20 billion, 5-10 billion, and 0-5 billion, with indices of 79.95%, 85.56%, 75.19%, 76.28%, 76.74%, and 79.02%, respectively [5]. - Notably, the 100 billion scale private equity shows the strongest willingness to increase positions, with a weekly increase of 1.73% and a substantial two-week increase of 12.84% [5]. Group 3: Position Structure of Large Private Equity - Among the 100 billion scale private equity, 54.33% are fully invested, and 39.4% are at medium positions, while low and empty positions account for only 4.48% and 1.79%, respectively [6]. - The distribution has significantly improved, with both full and medium positions increasing, while low and empty positions have decreased, reflecting an overall increase in risk appetite among leading private equity firms [6]. Group 4: Market Sentiment and Investment Environment - The significant increase in private equity positions is attributed to the continuous rise in the A-share market, creating a favorable investment environment and notable profit-making effects, alongside a steady increase in investor confidence [8]. - Emerging industries such as AI, semiconductors, and new energy are highlighted as having broad development prospects, with structural opportunities becoming more apparent, supported by ongoing policy efforts [8].