次新基金，建仓！建仓！

Core Viewpoint - Newly established active equity funds have shown a strong tendency to build positions in the third quarter, with an average stock position exceeding 77%, indicating a neutral to slightly bullish sentiment in the market [1][2]. Group 1: Fund Performance and Strategies - A total of 111 newly established active equity funds reported an average stock market value accounting for 77.65% of their net asset value, reflecting a proactive investment approach during a market rebound [2]. - The Q3 performance of several active equity funds has been notable, with some funds achieving returns exceeding 46% since their inception [3][4]. - Fund managers are focusing on growth sectors such as artificial intelligence, semiconductors, and new energy, while also considering traditional industries like non-ferrous metals and chemicals for balanced exposure [3][7]. Group 2: Key Holdings and Sector Focus - The top holdings of the funds include companies like Huahong Semiconductor, SMIC, and Bokin New Materials, indicating a strong focus on the semiconductor sector [4]. - Other significant investments include CATL, Industrial Fulian, and Zhongheng Electric, showcasing a trend towards robotics and computing power industries [5][6]. - Fund managers are optimistic about the structural recovery of the economy and are strategically positioning in sectors with high growth potential, such as technology manufacturing and renewable energy [7][8].