次新基金，建仓！建仓！

Core Viewpoint - The article highlights the active positioning of newly established equity funds in the third quarter of 2023, with a focus on sectors such as non-ferrous metals, humanoid robots, and computing power, amidst a recovering A-share market [2][4][10]. Group 1: Fund Performance and Strategy - A total of 111 newly established active equity funds reported an average stock position of 77.65%, indicating a neutral to slightly aggressive stance [4]. - The Q3 performance of several funds has been notable, with the Qianhai Kaiyuan Research-Driven Fund achieving a return of over 46% since its inception in June, focusing on growth sectors like AI and semiconductors [4][6]. - The Huashan High-End Equipment Fund, established in late May, reported a nearly 48% return, concentrating on robotics and computing power sectors [6]. - The Jiashi Growth Win Fund, launched in mid-June, recorded a return of approximately 47%, with a stock position of 92.55%, emphasizing growth areas such as AI computing chips and optical communication [8]. Group 2: Key Holdings and Sector Focus - The top holdings of the Qianhai Kaiyuan Fund include Huahong Semiconductor, SMIC, and Boke New Materials, with a stock position of 90.24% [4][5]. - The Huashan High-End Equipment Fund's major holdings are Ningde Times, Industrial Fulian, and Zhongheng Electric, with a stock position of 87.25% [6][7]. - The Jiashi Growth Win Fund's primary investments are in Zhongji Xuchuang, Haiguang Information, and Industrial Fulian, with a stock position of 92.55% [8][9]. Group 3: Market Trends and Insights - The A-share market showed a broad increase in Q3, with growth styles outperforming, particularly in sectors like semiconductors and humanoid robots [10]. - Fund managers are focusing on cyclical assets, with non-bank financials and non-ferrous metals being highlighted as favorable sectors due to their positive outlook [10][11]. - The demand for computing power is expected to grow steadily over the next 2-3 years, with significant investments in AI and new hardware anticipated to drive future growth [11].