Mei Ri Jing Ji Xin Wen·2025-10-29 10:41Core Insights - The overall trend in the third quarter shows a reduction in holdings for CATL, while significant increases in holdings were observed for Zhongji Xuchuang and Xinyi Sheng [1][4]. Group 1: Fund Holdings Overview - As of the end of Q3, the total market value of funds holding CATL exceeded 200 billion yuan, making it the only stock with holdings over this threshold [1][4]. - Guizhou Moutai ranked second in fund holdings with a total market value of approximately 123.6 billion yuan, further widening the gap from CATL [1][4]. - Zhongji Xuchuang and Xinyi Sheng were significantly increased in holdings, each surpassing 110 billion yuan in total market value, entering the top five holdings of funds [1][4]. Group 2: Changes in Holdings - Funds collectively reduced their holdings in CATL by over 50 million shares during Q3, despite the stock price rising significantly [4][5]. - Other notable stocks that saw increased fund holdings include Alibaba-W, Dongfang Caifu, and Industrial Fulian, while stocks like Cambricon-U, China Merchants Bank, and Meidi Group were notably reduced [4][9]. - In the A-share market, 32 stocks experienced a reduction of over 10 million shares, primarily in the financial sector, indicating a trend of decreasing exposure in this area [9][10]. Group 3: Significant Increases in Holdings - In the A-share market, 26 stocks received over 10 million shares in increased holdings, with Industrial Fulian seeing a rise of over 480 million shares, bringing total holdings to 645 million shares [5][6]. - In the Hong Kong market, 20 stocks also saw increases of over 10 million shares, with SenseTime-W's holdings increasing by over 2 billion shares, totaling 2.067 billion shares [7][8]. Group 4: Sector Trends - The financial sector saw significant reductions in holdings, with many bank stocks experiencing notable declines in shareholding [9][10]. - In the Hong Kong market, 20 stocks were reduced by over 5 million shares, with many from the financial and telecommunications sectors [11][12].