2025年一季报公募基金十大重仓股持仓分析

• The top five industries with the highest growth in Q1 2025 were comprehensive finance (10.87%), non-ferrous metals (8.80%), agriculture, forestry, animal husbandry, and fishery (4.76%), banking (4.03%), and automotive (3.70%) [1][17] - The top five industries with the largest decline in Q1 2025 were coal (-12.25%), non-bank finance (-9.63%), communications (-9.42%), petroleum and petrochemicals (-8.59%), and power equipment and new energy (-7.91%) [1][17] - In Q1 2025, 44 active equity funds were established, including 37 hybrid equity funds with a total scale of 12.815 billion shares, 4 ordinary stock funds with a total scale of 483 million shares, 1 balanced hybrid fund with a total scale of 609 million shares, and 2 flexible allocation funds with a total scale of 246 million shares [2][22][23] - The top five stocks with the largest increase in holdings by active equity funds in Q1 2025 were BYD, Shanxi Fenjiu, Zijin Mining, Ninebot-WD, and Zai Lab-U [4][47] - The top five stocks with the largest decrease in holdings by active equity funds in Q1 2025 were Ningde Times, Hude Electronics, Zhongji Xuchuang, Cambrian-U, and Xinyisheng [4][59] - Among the top 50 companies with the largest increase in holdings, the electronics industry had 13 stocks with a total increase of 24.619 billion, and the machinery industry had 8 stocks [4][53] - Among the top 50 companies with the largest decrease in holdings, the power equipment and new energy industry had 9 stocks with a total decrease of 30.106 billion, the electronics industry had 8 stocks with the largest total decrease of 31.303 billion, and the communications industry had 7 stocks with a total decrease of 28.494 billion [4][61] - The top five industries with the largest increase in holdings by billion-dollar funds in Q1 2025 were automotive, machinery, electronics, non-ferrous metals, and computers [5][70][71] - The top five industries with the largest decrease in holdings by billion-dollar funds in Q1 2025 were home appliances, communications, basic chemicals, food and beverages, and medicine [5][70][71] - The top five stocks with the largest increase in holdings by billion-dollar funds in Q1 2025 were Kelun Pharmaceutical, Zijin Mining, Shanxi Fenjiu, Zhongda Lide, and Zai Lab-U [5][67][69] - The top five Hong Kong stocks with the largest holdings by active equity funds in Q1 2025 were Tencent Holdings, Alibaba-W, SMIC, Xiaomi Group-W, and China Mobile, with Tencent Holdings having the largest holding of 68.331 billion [6][75][76] - The top five Hong Kong stocks with the largest holdings by QDII funds in Q1 2025 were Tencent Holdings, Alibaba-W, Trip.com Group-S, Prada, and Pop Mart, with holdings of 3.799 billion, 2.764 billion, 1.093 billion, 949 million, and 902 million respectively [6][77]