百亿私募狂冲87%仓位 创185周新高

Core Insights - The stock private equity position index has reached a new high of 81.13% as of November 14, 2025, marking a significant increase of 1.05% from the previous week and achieving a peak not seen in 112 weeks [1] - The surge in the index is primarily driven by a concentration of medium-position private equity funds moving towards full positions, with full-position private equity funds now accounting for 65.9% [1] Position Structure - The breakdown of private equity positions shows that full-position private equity funds have increased significantly, while medium-position funds have decreased to 18.97%. Low and empty-position funds account for 10.37% and 4.76%, respectively [1] - As of November 14, 2025, the position indices for different scales of private equity funds are as follows: over 100 billion at 87.07%, 50-100 billion at 83.56%, 20-50 billion at 78.67%, 10-20 billion at 80.48%, 5-10 billion at 80.86%, and 0-5 billion at 80.09% [3] Market Dynamics - The increase in positions is attributed to the continuous upward trend in the A-share market since August, which has improved the performance of private equity products and provided confidence for institutions to increase their positions [6] - Policy support for the long-term healthy development of the capital market and the ongoing trend of asset allocation towards equity markets have further strengthened the consensus on the long-term value of A-shares [6] - Billion-level private equity funds are showing a more aggressive stance in increasing positions, with a notable rise in full positions to 73.41%, while medium-position funds have dropped to 18.47% [2][4]