21世纪经济报道·2025-11-04 14:39Group 1 - The core viewpoint of the article highlights the significant presence of "national team" funds in the A-share market, with a total holding value nearing 4 trillion yuan and a strong preference for financial stocks [1][2][4] - As of the end of Q3, the "national team" held over 222 A-share stocks, with the top three holdings being Agricultural Bank of China, Bank of China, and Industrial and Commercial Bank of China, collectively valued at over 3 trillion yuan [2][4] - The "national team" has also diversified its portfolio by investing in sectors such as AI, semiconductors, and new energy, aligning with national strategic goals [4][8] Group 2 - The total market value of the "national team's" holdings increased to 3.911 trillion yuan by the end of Q3, with financial stocks contributing significantly to this growth [4][8] - The "national team" has been actively using ETFs as a tool for indirect market investment, with a notable increase in ETF holdings amounting to over 1.55 trillion yuan [6][8] - The performance of technology stocks has been strong, with certain ETFs experiencing significant gains, such as the 华夏中证5G通信主题ETF, which saw a quarterly increase of over 80% [8][9]