基金2025年末的重仓股出炉！50家公司被基金持股超百亿！30只有色金属股被重仓！

Core Viewpoint - The public fund's quarterly report for Q4 2025 reveals significant changes in stock holdings, with a total market value of approximately 33,572 billion yuan, a decrease of about 4,292 billion yuan compared to Q3 2025 [2][3]. Group 1: Industry Distribution - The electronics industry has the highest total market value of holdings at approximately 6,897 billion yuan, despite a decrease of over 1,000 billion yuan from Q3 2025 [2][3]. - The power equipment (mainly renewable energy) and communication industries also have significant holdings, exceeding 3,700 billion yuan and 3,400 billion yuan, respectively [2][3]. - Other industries with holdings over 2,000 billion yuan include non-bank financials, food and beverage, and pharmaceutical biology [2][3]. Group 2: Changes in Holdings - Compared to Q3 2025, the market value of holdings in the communication, non-ferrous metals, banking, and non-bank financial sectors increased by over 100 billion yuan [3]. - Conversely, the electronics and pharmaceutical biology sectors saw a decrease of over 1,000 billion yuan in holdings, while power equipment and computer sectors experienced reductions exceeding 500 billion yuan [3][4]. Group 3: Top Holdings - By the end of Q4 2025, 50 A-share companies had over 10 billion yuan in holdings from public funds, with the electronics sector accounting for 17 companies [5]. - The top heavy-weight stock remains Ningde Times, with a market value of approximately 1,819 billion yuan held by 2,045 funds [5]. - Other notable stocks with holdings exceeding 1,000 billion yuan include Zhongji Xuchuang, Xinyi Sheng, Guizhou Moutai, and Zijin Mining [5]. Group 4: Performance of Heavy-weight Stocks - The median increase for the 50 A-share companies heavily held by funds in Q4 2025 was 0.59%, outperforming the Shenzhen Composite Index during the same period [5]. - Zhongji Xuchuang led the performance with a remarkable increase of over 51% in Q4 2025 [5]. Group 5: Fund Adjustments - In Q4 2025, 34 companies saw an increase in holdings exceeding 10 billion yuan, with significant contributions from the financial and non-ferrous metals sectors [13]. - The median increase for these 34 stocks was over 32%, significantly outperforming major A-share indices [13]. - Conversely, 31 companies experienced a reduction in holdings exceeding 50 billion yuan, with a median decline of over 8% in their stock prices [16].