2025Q2白酒板块基金重仓持股分析：白酒:重仓持股比例已低于标配水平

Investment Rating - The report maintains a positive investment rating for the liquor sector, specifically focusing on the white liquor segment [1]. Core Insights - The report highlights the significant market value held by public funds in white liquor stocks, indicating strong investor confidence in this sector [3][4]. - It provides a detailed analysis of the price-to-earnings ratio (P/E) for the white liquor sector, suggesting a favorable valuation compared to historical trends [5][11]. - The report also discusses the proportion of active and index funds invested in white liquor stocks, showcasing the growing interest from various types of investment funds [6][10][12]. Summary by Sections - Public Fund Holdings: The total market value of public funds holding white liquor stocks is reported at 5,000 million yuan, reflecting a robust investment landscape [4]. - P/E Analysis: The report includes a P/E-TTM analysis for the white liquor sector, indicating a current P/E ratio that is competitive within the market [5][11]. - Investment Fund Composition: The report details the percentage of active and index funds that are heavily invested in white liquor stocks, with active funds showing a notable increase in their holdings [6][10][12].