私募排排网·2025-11-01 03:05Core Viewpoint - The article analyzes the latest A-share holdings of major private equity firms in China, highlighting their investment preferences and market performance as of the end of Q3 2025. Group 1: Overview of Holdings - As of October 31, 2025, 35 private equity firms held a total market value of approximately 718.57 billion yuan in A-shares, with notable firms like Gao Yi and Guo Feng Xing Hua each holding around 230 billion yuan [2][3]. - Among these firms, 18 increased their positions, while 34 reduced their holdings, indicating a preference for long-term investments [2][3]. Group 2: Performance of Major Private Equity Firms - Gao Yi Asset and Guo Feng Xing Hua are the only firms with holdings exceeding 230 billion yuan, while firms like Xuan Yuan Investment and A Ba Ma Investment also showed significant holdings [3][4]. - The average increase in the stock prices of the top holdings by these private equity firms was 26.68%, outperforming the Shanghai Composite Index during the same period [3][4]. Group 3: Notable Stock Performances - A total of 44 stocks held by these private equity firms saw price increases exceeding 50%, with significant contributions from the machinery and electronics sectors [5]. - ST Zhen Tong, heavily invested by A Ba Ma Investment and Xuan Yuan Investment, experienced a remarkable price increase of over 139% in the first three quarters [5]. Group 4: Specific Holdings and Changes - Gao Yi Asset's top holdings include Hikvision and Zijin Mining, with the latter seeing a price increase of over 99% in the first three quarters of 2025 [10][12]. - Xuan Yuan Investment's largest holding is Dongfang Shenghong, with a market value nearing 1.4 billion yuan and a price increase of approximately 16% [14]. Group 5: Investment Strategies - The investment strategies of these private equity firms vary, with 18 firms employing subjective strategies, 11 using quantitative methods, and 4 adopting a combination of both [3][4]. - A Ba Ma Investment, known for its quantitative approach, has shown strong performance, with its holdings primarily in the machinery and electronics sectors [18][19].