私募仓位年内首次突破80%大关，超六成私募处于满仓状态

Core Viewpoint - The stock private equity position index has reached a new high for the year, indicating strong confidence among private equity firms regarding future market performance [1][3]. Group 1: Stock Private Equity Position Index - As of October 31, 2025, the stock private equity position index stands at 80.16%, an increase of 0.79% from the previous week, marking the first time this year it has surpassed the 80% threshold [1][3]. - Since the market rebound in August, the private equity position index has risen from a low of 73.93% to the current 80.16%, reflecting a cumulative increase of 6.23% [3]. Group 2: Private Equity Holdings Distribution - Currently, 63.21% of stock private equity firms are fully invested, while 21.57% maintain a moderate position, and only 10.70% have low allocations, with 4.52% opting for a short position [3]. - Among large private equity firms with assets over 100 billion, the position index is at 80.07%, remaining above 80% for four consecutive weeks, while firms with 50-100 billion have an even higher index of 85.02%, maintaining above 80% for eleven weeks [3]. Group 3: Confidence Among Large Private Equity Firms - Over 54.26% of large private equity firms (100 billion and above) are fully invested, with a combined total of 92.51% maintaining either full or moderate positions [5]. - The data indicates a dominant trend of high positions among large private equity firms, with only 6.03% and 1.46% in low and short positions, respectively [5][6]. - This trend suggests that large private equity firms recognize the long-term investment value of A-shares, sending a strong positive signal to the market [6].