私募仓位年内首次突破80%大关 百亿私募数量暴增至113家，收益完胜主观

Core Insights - The Shanghai Composite Index has notably surpassed the 4000-point mark for the first time in ten years, indicating a significant market rebound and attracting increased investment from private equity funds [1] - Private equity firms have shown strong confidence in the long-term value of A-shares and economic recovery, leading to higher allocation levels and a record high in private equity positions [1] - As of October 31, 2025, the stock private equity position index reached 80.16%, marking a 0.79% increase from the previous week and the first time it has crossed the 80% threshold this year [1] Private Equity Performance - The performance of private equity products has been outstanding this year, with an average return of 29.57% for 74 billion-yuan private equity firms as of October 31, 2025 [2] - A significant 97.30% of these firms reported positive returns, indicating strong investment capabilities and market adaptability [2] - Quantitative private equity firms have outperformed subjective firms, with average returns of 32.88% compared to 25.12% for subjective firms, highlighting the advantages of quantitative strategies [2][3] Growth in Private Equity Firms - The number of billion-yuan private equity firms surged to 113 by October 31, 2025, an increase of 17 firms from the previous month, showcasing the industry's vitality [4] - The growth is attributed to the concentration of resources among leading firms, which attract more capital due to their research capabilities and risk management systems [4] - Among the new entrants, 10 are quantitative private equity firms, emphasizing the dominance of quantitative strategies in the current market [4][6] Market Dynamics - As of October 31, 2025, quantitative private equity firms accounted for 55 out of 113 billion-yuan firms, representing 48.67% of the total, while subjective firms made up 41.59% [6] - The future of the private equity industry is expected to be diversified, with different investment models coexisting and complementing each other [6] - Quantitative firms are likely to maintain strong growth due to their market adaptability, while subjective firms will continue to provide value through in-depth research and macro trend analysis [6]