2 1 Shi Ji Jing Ji Bao Dao·2025-10-30 14:14Core Insights - The article highlights a significant shift in the investment strategies of 31 major private equity firms, with a total of 377 billion yuan in heavy stock positions as of October 29, 2025, focusing predominantly on the technology sector [1][3][4]. Group 1: Investment Trends - In the third quarter, these private equity firms initiated a major portfolio adjustment, entering 34 new companies, increasing holdings in 12, reducing stakes in 25, and maintaining positions in 46 companies [3][4]. - The technology sector has become the primary focus, with the computer industry leading the way, holding a total market value of 106.72 billion yuan, followed by non-ferrous metals and communications [4][5]. Group 2: Sector Allocation - The top four sectors for heavy investments by private equity firms are computer, communications, electronics, and non-ferrous metals, with technology dominating three of these sectors [5][7]. - The TMT (Technology, Media, and Telecommunications) sectors collectively account for 193 billion yuan, representing over half of the total heavy stock positions valued at 376.8 billion yuan [7]. Group 3: Notable Firms and Strategies - High Yi Asset is a key player, holding 183.83 billion yuan in disclosed heavy stocks, nearly half of the total for the private equity firms [9]. - High Yi Asset's strategy includes reducing positions in several companies while increasing stakes in others, such as a notable reduction in Hikvision shares [9][11]. - Other prominent firms like Rui Jun Asset and Ling Ren Private Equity have also made significant moves, with Rui Jun increasing its stake in Yang Jie Technology and Ling Ren entering the top shareholders of Zhong Ce Rubber [14][15]. Group 4: Market Outlook - The article suggests that the shift towards technology growth reflects a broader alignment with national economic policies, emphasizing the importance of companies with strong fundamentals and growth potential [16].