Zheng Quan Ri Bao Zhi Sheng·2025-11-02 17:08Core Insights - The article highlights the growing importance of public and private funds in the A-share market, with 332 stocks being held by both types of funds for three consecutive quarters, primarily in the non-ferrous metals and hardware equipment sectors [1][5]. Fund Holdings Overview - Public funds have seen their total scale exceed 36 trillion yuan, holding stocks in over 3,700 A-share companies with a total market value of 4.43 trillion yuan as of the end of Q3 [2]. - Notable stocks held by public funds include Ningde Times, Kweichow Moutai, and Zijin Mining, each with a holding value exceeding 100 billion yuan [2]. - Private funds have also grown, reaching a total scale of 20.74 trillion yuan by the end of Q3, with holdings in over 1,100 A-share companies [2]. Sector Performance - The non-ferrous metals sector has been favored by both public and private funds, with significant holdings in stocks like Zijin Mining and Chifeng Jilong Gold [5]. - The demand for non-ferrous metals is expected to increase due to the rapid development of emerging technologies such as artificial intelligence and new energy [5]. Investment Strategies - Public and private funds share common investment goals but differ in their operational management and investment strategies. Public funds are more regulated and focus on long-term capital appreciation, while private funds pursue absolute returns and employ more flexible strategies [4]. - Public funds typically use traditional strategies like fundamental analysis and diversified portfolios, whereas private funds may utilize innovative strategies such as hedging and quantitative methods [4].