Xin Lang Cai Jing·2025-11-03 07:01Core Insights - As of the end of the third quarter, "national team" funds, which include various state-owned investment entities, held over 800 A-share stocks, with significant investments in Agricultural Bank of China, Bank of China, and Industrial and Commercial Bank of China, each exceeding a market value of 1 trillion yuan [1] Group 1: Investment Trends - The "national team" increased holdings in sectors such as insurance, resources, consumer goods, electronics, and telecommunications, with some stocks in these sectors experiencing price increases of over 100% during the third quarter [1] - Conversely, the "national team" reduced its positions in the top ten shareholders of sectors including securities, banking, electricity, real estate, and pharmaceuticals [1]