大消费行业2024Q3基金持仓分析：大消费板块重仓比例回落，超配比例回升

Core Insights - The heavy holding ratio of the consumer sector has slightly decreased, while the overweight ratio has rebounded. In Q3 2024, the heavy holding ratio of the consumer sector fell by 0.19 percentage points to 8.15%, remaining at a historical low, below the historical average of 11.88% [2][11][13] - The heavy holding market value ratio of the consumer sector has increased, with the ratio at 20.03% (up 0.25 percentage points), and the overweight ratio has risen to 7.17% (up 0.98 percentage points) [2][13] Industry Holdings - The heavy holding ratio of the home appliance sector has increased, while other consumer sectors have decreased. In Q3 2024, the heavy holding ratios for food and beverage (4.98%), home appliances (1.93%), and agriculture, forestry, animal husbandry, and fishery (0.53%) remain the top three in the consumer sector. The food and beverage sector's heavy holding ratio decreased by 0.03 percentage points, while the home appliance sector increased by 0.11 percentage points [18][24] Individual Stock Holdings - In the top 20 stocks by heavy holding ratio, five positions belong to the consumer sector, with a notable presence of food and beverage stocks. In Q3 2024, the top 20 stocks by heavy holding ratio included five consumer sector stocks, with four in food and beverage and one in home appliances. The heavy holding ratios for these stocks have increased, particularly for high-end liquor brands [2][44] Investment Recommendations - The consumer sector continues to experience a weak recovery, but recent government policies are expected to enhance consumer capacity, benefiting cyclical consumer industries. Key areas to focus on include food and beverage, home appliances, and sectors benefiting from service consumption policies [2][4][24]