Huan Qiu Wang·2025-10-29 03:15Core Insights - The latest public fund holdings reveal a significant shift, with Ningde Times reclaiming the top position and AI-related stocks becoming the focus of increased investments in Q3 2025 [1][3] Group 1: Fund Holdings Changes - The top ten holdings of public funds now include Ningde Times, Tencent Holdings, New East Wisdom, Zhongji Xuchuang, Luxshare Precision, Industrial Fulian, Zijin Mining, and Kweichow Moutai, with notable entries being Zhongji Xuchuang and Industrial Fulian, while Midea Group and Xiaomi Group-W exited the list [1] - Ningde Times leads with a holding market value of 75.881 billion yuan, surpassing Tencent Holdings at 69.938 billion yuan [1] Group 2: AI Sector Focus - The public funds have shown a clear preference for the AI sector, with the top four increased holdings closely related to AI hardware: Zhongji Xuchuang, New East Wisdom, Industrial Fulian, and Alibaba-W, with increases of 40.174 billion yuan, 36.930 billion yuan, over 30 billion yuan, and over 20 billion yuan respectively [3] - Stocks like Cambrian, Luxshare Precision, and SMIC also received significant increases, each exceeding 12 billion yuan [3] Group 3: Market Performance and Fund Manager Sentiment - The stock price increases for Zhongji Xuchuang, New East Wisdom, and Industrial Fulian exceeded 170%, 180%, and 210% respectively, marking them as leading performers [3] - Fund managers express a mix of optimism and caution regarding the AI sector, with a focus on the strong domestic demand for computing power and the gradual resolution of supply chain bottlenecks [3][4] - Concerns about long-term AI market conditions and the need for cautious investment in technology stocks are highlighted, emphasizing the importance of maintaining a balance between optimism and caution [4]