股票私募平均仓位升至年内新高，百亿级私募平均仓位逼近90%

Core Insights - The average stock private equity position in China has reached a new high for the year, currently at 82.98% as of December 5, marking a significant increase from 73.54% at the end of 2024, with a cumulative rise of 9.44 percentage points [1] - The trend of increasing positions has been particularly notable since August 2025, with an increase of 9.05 percentage points over four months [1] - Nearly 70% of stock private equity firms (68.80%) are now in a heavy or full position (over 80% allocation) [1] - Leading private equity firms are driving this increase, with billion-level private equity firms averaging a position of 89.02%, the highest among all size categories [1]