大幅加仓！私募：无需过度担忧短期波动

Core Viewpoint - The article highlights the significant increase in the positions of private equity firms in the A-share market, indicating a strong confidence among major institutions in the market's continued upward trend [2][3]. Group 1: Private Equity Positioning - The overall stock private equity position has surged to a new high for the year, with large private equity firms increasing their positions by 11.11% in a single week [2][5]. - As of September 12, 2025, the stock private equity position index reached 78.04%, up 2.96 percentage points from the previous week, reflecting an acceleration in overall allocation enthusiasm among private equity firms [3][4]. - 60.02% of stock private equity firms are fully invested, while 23.34% maintain moderate positions, indicating a strong market participation sentiment [3][6]. Group 2: Reasons for Increased Positions - The recent continuous rise in the A-share market has created a noticeable profit effect, providing direct motivation for private equity firms to increase their positions [4]. - Market sentiment has improved, with investor confidence steadily increasing and risk appetite rising [4]. - Emerging industries such as AI, semiconductors, and new energy are seen as having broad development prospects, presenting structural investment opportunities that are attracting institutional focus [4]. Group 3: Differentiation Among Private Equity Firms - The position indices for private equity firms of various sizes as of September 12 are as follows: over 100 billion, 78.22%; 50-100 billion, 86.49%; 20-50 billion, 74.22%; 10-20 billion, 75.88%; 5-10 billion, 76.28%; and below 5 billion, 78.85% [5]. - The highest position is held by private equity firms in the 50-100 billion range, reaching 86.49%, marking a three-year high, indicating their strong flexibility and research capabilities [5][6]. - Over 54.04% of large private equity firms are fully invested, reflecting a proactive market stance among leading institutions [6]. Group 4: Market Outlook and Volatility - Despite recent market fluctuations, with the CSI 300 down 0.44% and the Shanghai Composite Index down 1.3%, market activity remains vibrant, as evidenced by rising transaction volumes [7]. - The current market is viewed as being in a bull trend, with structural differentiation leading to potential short-term corrections in individual stocks, but the overall market trend remains positive [7][8]. - The article suggests that while some sectors have seen significant gains, the rotation among sectors is driven by the overall market valuation rising rather than fundamental changes in high-valuation stocks [8].