Xin Lang Cai Jing·2025-10-29 08:33Core Insights - Public funds have significantly increased their investment in A-shares, with the total market value surpassing 7 trillion yuan, reaching a record high of 7.38 trillion yuan, which accounts for 20.84% of total fund assets [1][3]. Group 1: Public Fund Investment Overview - As of the end of Q3 2025, public funds held a total stock market value of 8.99 trillion yuan, with A-shares contributing 7.38 trillion yuan, marking a 22.23% increase from the previous quarter [2][4]. - The total net asset value of public funds reached 35.41 trillion yuan, with a growth rate of 6.03% [2][4]. - The number of funds holding over 100 billion yuan in stock value increased by 30% to 110 funds [5]. Group 2: Individual Stock Holdings - Ningde Times remains the highest-valued stock held by public funds, with a market value exceeding 200 billion yuan, specifically 2070.74 billion yuan, held by 2124 funds [3][8]. - Guizhou Moutai and other stocks like Zhongji Xuchuang and Tencent also have significant holdings, each exceeding 100 billion yuan [3][9]. - Zhongji Xuchuang saw a remarkable increase in market value, rising by 287.89% to 1110.68 billion yuan, making it the third-largest holding [9][10]. Group 3: Market Trends and Historical Context - The transition from 6 trillion to 7 trillion yuan in A-share investments took nearly four years, with previous peaks in 2021 [3][4]. - The stock market value has shown a consistent upward trend over the past three quarters, with a notable increase of 1.34 trillion yuan in Q3 [4][5].