私募仓位飙至年内新高！百亿私募仓位直逼90%

Core Insights - The stock private equity position index reached a record high of 82.98% as of December 5, marking a significant increase and remaining above 82% for three consecutive weeks [1][3]. Group 1: Stock Private Equity Trends - The stock private equity position index has shown a notable upward trend this year, rising from 73.54% at the end of 2024 to the current peak of 82.98%, reflecting a cumulative increase of 9.44% [3]. - Since August 2025, there has been a particularly strong trend of increasing positions, with the index rising by 9.05% in just four months, indicating a clear signal of active participation from private equity institutions [3]. - Approximately 68.80% of stock private equity firms are fully invested, while 18.41% maintain moderate positions, demonstrating a strong bullish sentiment [3]. Group 2: Position Distribution Among Private Equity Firms - The data shows that as of December 5, 2025, all scales of private equity firms have surpassed an 80% position index, with firms managing over 10 billion reaching 89.02%, approaching the critical 90% mark [3]. - Private equity firms with assets between 5 billion and 10 billion also exhibit strong bullish intentions, with a current position index of 86.17%, contributing significantly to market accumulation [3][4]. Group 3: Performance of Large-Scale Private Equity Firms - Large-scale private equity firms have demonstrated particularly aggressive accumulation, with firms managing between 5 billion and 10 billion seeing a year-to-date increase of 21.95%, the highest in the industry [4]. - Firms managing over 10 billion also significantly increased their positions by 18.75% this year, indicating a strong confidence in future market performance [4]. Group 4: Market Sentiment and Future Outlook - Nearly 80% of large private equity firms are fully invested, with 76.78% of firms managing over 10 billion in a full position, reflecting strong confidence in future market trends [6]. - The ongoing macroeconomic policy implementation and gradual recovery of the economic fundamentals have highlighted the long-term investment value in the A-share market [6]. - Private equity firms are actively adjusting their holdings to capture year-end performance opportunities and anticipate economic recovery in the coming year, driven by a trend of asset migration towards capital markets [6].