首批权益类基金四季报亮相！

Core Viewpoint - The article highlights the performance and investment strategies of two equity funds under Tongtai Fund, which have maintained high stock positions and focused on sectors related to new productive forces, such as computing power, semiconductors, and controllable nuclear fusion [2][4][11]. Group 1: Fund Performance - On January 9, Tongtai Fund's two equity funds released their Q4 2025 reports, marking them as the first public funds to disclose such information [2][4]. - Both funds experienced significant growth in scale due to net value increases, with the Tongtai Digital Economy Fund's stock value accounting for 93.42% of its total assets, remaining stable compared to the previous quarter [8][9]. - The Tongtai New Energy Preferred Fund's stock position was 88.39%, a decrease of nearly three percentage points from the previous quarter, but it saw a nearly 90% increase in scale due to net inflows and rising net value [9]. Group 2: Investment Strategies - The Tongtai Digital Economy Fund continues to focus on the big technology sector, with its top ten holdings concentrated in core technology areas such as optical devices, computing chips, and semiconductor equipment [4][11]. - The fund manager, Chen Zongchao, emphasizes that technology innovation and new productive forces are key investment opportunities, predicting that AI-driven industrial transformation will be the core structural opportunity in the market for 2026 [10][11]. - The Tongtai New Energy Preferred Fund is focused on the controllable nuclear fusion sector, which is seen as a potential ultimate energy solution due to its abundant fuel, low emissions, and high safety [12].