调仓曝光！首批基金二季报出炉，基金经理看好什么？

Core Viewpoint - The article discusses the significant adjustments in the holdings and investment strategies of various public funds as they disclose their Q2 2025 reports, highlighting the focus on sectors like robotics, financial technology, and high-growth opportunities in the market [2][4][6]. Group 1: Equity Funds - In Q2 2025, the A-share market experienced significant differentiation, with structural opportunities emerging, particularly in high-dividend stocks and small-cap stocks, which saw gains of over 12% and 20% respectively [4]. - The Samei Fund's mixed fund continued to focus on the North Exchange market, with its top ten holdings entirely consisting of companies listed on the North Exchange, particularly in hard technology sectors like biomedicine and new energy materials [4][5]. - The Samei Fund's manager indicated a strategic shift back to the robotics sector, anticipating a production ramp-up in humanoid robots by 2025, driven by major manufacturers and technological breakthroughs [5][6]. Group 2: Bond Funds - The bond market saw significant growth in fund sizes during Q2 2025, influenced by changes in risk appetite and monetary policy [7][8]. - The Huian Yongfu 90-day holding period short-term bond fund's size surged nearly ninefold from 1.98 billion to 19.74 billion, attributed to strategic positioning ahead of market movements [8]. - The Debang Fund's short bond fund also experienced substantial growth, increasing from 2.8 billion to 6.37 billion, reflecting a shift in investment strategy towards longer-duration bonds [9].