食品饮料2024年三季度基金持仓分析：白酒持仓分化 食品持仓稳定

Investment Rating - The report maintains a positive outlook on the food and beverage industry, particularly focusing on the differentiation in holdings within the liquor sector and stability in food holdings [2]. Core Insights - The report highlights that the top twenty holdings in the food and beverage sector have seen an increase in their market value as a percentage of total fund equity investments, rising to 16.30% in Q3 2024, up by 1.38 percentage points from Q2 2024 [3][5]. - The report notes that the liquor segment, particularly stocks like Kweichow Moutai and Wuliangye, remains a significant focus, with Kweichow Moutai's market value percentage at 2.30% and Wuliangye at 0.94%, both showing increases from the previous quarter [7][14]. - The food and beverage sector's concentration remains high, with the liquor segment's market value percentage of total fund equity investments at 10.25%, reflecting a 0.35 percentage point increase from the previous quarter [18]. Summary by Sections Fund Holdings Analysis - In Q3 2024, the top ten food and beverage stocks included eight liquor companies and two consumer food companies, with Kweichow Moutai and Wuliangye being the most prominent [14]. - The number of funds holding Kweichow Moutai decreased by 22 to 1242, while Wuliangye saw an increase of 119 funds to 706 [14]. Sector Performance - The food and beverage sector's heavy holdings accounted for 11.30% of total fund equity investments, marking a 0.32 percentage point increase, and the sector's market capitalization as a percentage of total A-share circulation was 6.83%, up by 0.17 percentage points [17][18]. - The liquor sector's configuration coefficient stands at 2.04, indicating a high level of investment relative to historical averages, while the non-liquor food segment's coefficient is lower at 0.59 [17][19].