Ge Long Hui A P P·2025-10-29 07:55Core Insights - The top ten holdings of public funds for Q3 2025 include Ningde Times, Tencent Holdings, New Yi Sheng, Zhong Ji Xu Chuang, Alibaba-W, Luxshare Precision, Industrial Fulian, Zijin Mining, SMIC, and Kweichow Moutai [1][3] - Compared to the end of Q2 2025, Zhong Ji Xu Chuang and Industrial Fulian have entered the top ten holdings, while Midea Group and Xiaomi Group-W have exited [1] Public Fund Holdings - As of the end of Q3 2025, the total market value of public funds reached 35.85 trillion yuan, an increase of 6.30% from the previous quarter, with the A-share market value held by public funds exceeding 7 trillion yuan [3] - The top ten stocks held by public funds and their respective market values (in billion yuan) are: - Ningde Times: 758.81, 4.28% of circulating shares - Tencent Holdings: 699.38, 1.26% - New Yi Sheng: 560.70, 17.31% - Zhong Ji Xu Chuang: 558.13, 12.51% - Alibaba-W: 500.97, 1.62% - Luxshare Precision: 370.44, 7.88% - Industrial Fulian: 363.43, 2.77% - Zijin Mining: 340.18, 4.35% - SMIC: 290.86, 6.67% - Kweichow Moutai: 283.72, 1.57% [3][4] Active Fund Holdings - The top 20 active fund holdings in A-shares for Q3 2025 include: - Ningde Times: 796.90 billion yuan, 4.66% - Zhong Ji Xu Chuang: 577.49 billion yuan, 12.94% - New Yi Sheng: 571.59 billion yuan, 17.65% [4] - The top stocks with increased holdings include Zhong Ji Xu Chuang (100.30 billion yuan increase) and Industrial Fulian (50.94 billion yuan increase) [5] Passive Fund Holdings - The top 20 passive fund holdings in A-shares for Q3 2025 include: - Ningde Times: 1,273.84 billion yuan, 7.45% - Kweichow Moutai: 936.92 billion yuan, 5.18% - Zhong Ji Xu Chuang: 533.19 billion yuan, 11.95% [10] - The top stocks with increased holdings include New Yi Sheng (189.52 billion yuan increase) and Zhong Ji Xu Chuang (137.75 billion yuan increase) [9] Changes in Holdings - The top stocks with the largest reductions in holdings include: - Shenghong Technology: -99.62 billion yuan - Haiguang Information: -89.49 billion yuan - Midea Group: -64.91 billion yuan [7] - Notable reductions also include Ningde Times (-38.26 billion yuan) and Industrial Fulian (-27.23 billion yuan) [7][11]