炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 北向陆股通资金2025年第四季度持股情况已经出炉。 近期随着A股市场交投进一步趋向活跃，北向陆股通资金的交投活跃度也有进一步提升，已连续4个交易日超过3000亿元。 北向资金2025年第四季度持股动向出炉 根据香港交易所网站披露的资料，北向陆股通2025年第四季度末的持股数据正式披露，北向陆股通资金在2025年第四季度 的持股动向也初步浮出水面。 数据显示，截至2025年四季度末，北向陆股通资金合计持有4014只证券（含股票和ETF），总体持仓情况保持相对稳定。 从具体个股的持股数量上看，截至2025年第四季度末，北向陆股通资金在213只股票上的持股数量超过1亿股，其中在37只 股票上的持股数量超过5亿股。这里面，北向陆股通资金在京东方A、工商银行、紫金矿业、农业银行、招商银行、京沪高 铁、长江电力、三一重工、TCL科技等9只股票上的持股数量甚至超过10亿股。 | 证券简称 | 市场类型 | 持股数量(亿股) | 所属申万一级行业 | | --- | --- | --- | --- | | 京东方A | 深般通 | 27.6 | 电子 ...

北向陆股通资金2025年第四季度持股情况已经出炉。 近期随着A股市场交投进一步趋向活跃，北向陆股通资金的交投活跃度也有进一步提升，已连续4个交易日超过3000亿元。 北向资金2025年第四季度持股动向出炉 | 证券简称 | 市场类型 | 持股增长数量(万 股) | 所属申万一级行业 | | --- | --- | --- | --- | | 中国铝业 | 沪股通 | 31840.61 | 有色金属 | | 潍柴动力 | 深般通 | 31201.34 | 汽车 | | 铜陵有色 | 深股通 | 22339.15 | 有色金属 | | 白银有色 | 沪股通 | 19991.8 | 有色金属 | | 工商银行 | 沪股通 | 17966.26 | 银行 | | 芯联集成 | 沪股通 | 14218.72 | 电子 | | 世纪卡通 | 深股通 | 12567.05 | 传媒 | | 盛屯矿业 | 沪股通 | 12375.03 | 有色金属 | | 招商银行 | 沪股通 | 10335.78 | 银行 | 数据显示，截至2025年四季度末，北向陆股通资金合计持有4014只证券（含股票和ETF），总体持仓情况保持相对稳 ...

北向陆股通资金2025年第四季度持股情况已经出炉。 从具体个股的持股数量上看，截至2025年第四季度末，北向陆股通资金在213只股票上的持股数量超过1亿股，其中在37只股票上的持股数量超过 5亿股。这里面，北向陆股通资金在京东方A、工商银行、紫金矿业、农业银行、招商银行、京沪高铁、长江电力、三一重工、TCL科技等9只股 票上的持股数量甚至超过10亿股。 | 证券简称 | 市场类型 | 持股数量(亿股) | 所属申万一级行业 | | --- | --- | --- | --- | | 京东方A | 深股通 | 27.6 | 电子 | | 工商银行 | 炉股通 | 17.45 | 银行 | | 紫雯如,亦 | 沪股通 | 13.67 | 有色金属 | | 农业银行 | 沪股通 | 13.53 | 银行 | | 招商银行 | 沪股通 | 12.21 | 银行 | | 京沪高铁 | 沪股通 | 10.81 | 交通运输 | | 长江电力 | 沪股通 | 10.77 | 公用事业 | | 三一重工 | 沪股通 | 10.53 | 机械设备 | | TCL科技 | 深般通 | 10.32 | 电子 | | 美的集团 | ...

（原标题：1月9日北向资金ETF成交额44.36亿元） 今日（1月9日）北向资金ETF买入及卖出成交额为44.36亿元，较前一日增加11.76亿元，占北向资金今 日成交额的1.20%。 具体来看，今日沪股通ETF买入及卖出成交额26.00亿元，深股通ETF买入及卖出成交额18.36亿元。 （数据宝） 北向资金ETF买入及卖出成交额 | 沪股通ETF买入及卖出成交额（亿元） | 26.00 | | --- | --- | | 深股通ETF买入及卖出成交额（亿元） | 18.36 | | 北向资金ETF买入及卖出成交额（亿元） | 44.36 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 ...

（文章来源：证券时报网） 沪股通ETF买入及卖出成交额（亿元） 20.39 深股通ETF买入及卖出成交额（亿元） 12.21 北向资金ETF买入及卖出成交额（亿元） 32.60 具体来看，今日沪股通ETF买入及卖出成交额20.39亿元，深股通ETF买入及卖出成交额12.21亿元。 （数据宝） 北向资金ETF买入及卖出成交额 今日（1月8日）北向资金ETF买入及卖出成交额为32.60亿元，较前一日减少8.11亿元，占北向资金今日 成交额的1.00%。 ...

北向资金ETF买入及卖出成交额 | 沪股通ETF买入及卖出成交额（亿元） | 26.82 | | --- | --- | | 深股通ETF买入及卖出成交额（亿元） | 13.89 | | 北向资金ETF买入及卖出成交额（亿元） | 40.71 | | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 | | 今日（1月7日）北向资金ETF买入及卖出成交额为40.71亿元，较前一日减少7.13亿元，占北向资金今日 成交额的1.25%。 具体来看，今日沪股通ETF买入及卖出成交额26.82亿元，深股通ETF买入及卖出成交额13.89亿元。 （数据宝） （原标题：1月7日北向资金ETF成交额40.71亿元） ...

北向资金ETF买入及卖出成交额 | 沪股通ETF买入及卖出成交额（亿元） | 21.96 | | --- | --- | | 深股通ETF买入及卖出成交额（亿元） | 12.27 | | 北向资金ETF买入及卖出成交额（亿元） | 34.23 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （原标题：今日北向资金ETF买入及卖出成交额为34.23亿元） 今日（1月5日）北向资金ETF买入及卖出成交额为34.23亿元，较前一日增加9.47亿元，占北向资金今日 成交额的1.16%。 具体来看，今日沪股通ETF买入及卖出成交额21.96亿元，深股通ETF买入及卖出成交额12.27亿元。 （数据宝） ...

（文章来源：证券时报网） 沪股通ETF买入及卖出成交额（亿元） 11.68 深股通ETF买入及卖出成交额（亿元） 7.23 北向资金ETF买入及卖出成交额（亿元） 18.91 北向资金ETF买入及卖出成交额 今日（12月30日）北向资金ETF买入及卖出成交额为18.91亿元，较前一日减少1.37亿元，占北向资金今 日成交额的0.79%。 具体来看，今日沪股通ETF买入及卖出成交额11.68亿元，深股通ETF买入及卖出成交额7.23亿元。（数 据宝） ...

北向资金ETF买入及卖出成交额 （文章来源：证券时报网） 今日（12月29日）北向资金ETF买入及卖出成交额为20.28亿元，较前一日增加5.12亿元，占北向资金今 日成交额的0.90%。 具体来看，今日沪股通ETF买入及卖出成交额11.11亿元，深股通ETF买入及卖出成交额9.17亿元。（数 据宝） 沪股通ETF买入及卖出成交额（亿元） 11.11 深股通ETF买入及卖出成交额（亿元） 9.17 北向资金ETF买入及卖出成交额（亿元） 20.28 ...

1. Report Industry Investment Rating - Not provided in the document 2. Core Views of the Report - This week, both the US and Chinese stock markets performed well, with the US three major stock indices rising over 1% and the Shanghai Composite Index rising 1.9%. The growth is due to the resonance of the global technology sector and year - end pre - positioning [4]. - Market risk preference is on the rise. Since mid - December, the S&P 500 volatility has generally declined, and the basis discount of stock index futures has narrowed since December [4]. - Leverage funds' activity significantly increased this week, becoming a major driving factor for the market. The proportion of margin trading turnover in A - share turnover rebounded, and leverage funds flowed into major broad - based indices [5]. - In 2026, the incremental funds flowing into the stock market are estimated to be 3.1 trillion yuan, and the scale of "fixed income +" products will double. If the market adjusts in December, incremental funds may pre - position. Next year, technology will still be the most promising direction for the spring rally [7]. 3. Summary by Relevant Catalogs 3.1 Asset Price Performance 3.1.1 Global Asset Performance - Global stocks: Most global stock indices rose, with the Korean Composite Index rising 2.7% and the Nikkei 225 rising 2.5%. The French CAC40 and the British FTSE 100 declined [12]. - Global bonds: US Treasury yields declined, while Japanese and Chinese government bond yields rose [12]. - Global commodities: Precious metals performed well, with COMEX silver rising 18.2% and lithium carbonate rising 16.5%. The US dollar index declined [12]. 3.1.2 A - share Market Performance - Broad - based indices: A - shares generally rose, with the ChiNext and STAR 50 indices rising 3.9% and 2.8% respectively. The CSI 500 and CSI 1000 also had significant gains [21][23]. - Trading volume: Except for the dividend index, the average daily trading volume of broad - based indices increased, returning to the level around mid - August [25]. - Industry performance: The top five rising industries were non - ferrous metals (8.47%), national defense and military industry (7.51%), power equipment (6.27%), machinery and equipment (5.74%), and basic chemicals (5.70%). Most cyclical sectors performed well, except for banks and coal [31]. - Technology sector: Since December, optical modules and optical communications have led the way, and on Monday, most technology sub - sectors rose and many had increased trading volume [35][39]. 3.2 Capital Behavior Tracking 3.2.1 Leverage Funds - Margin trading turnover ratio: The proportion of margin trading turnover in A - share turnover rose from 10.24% to 11.20%. The margin trading balance increased to about 2.53 trillion yuan, and the ratio of margin trading balance to A - share free - float market capitalization slightly decreased [49]. - Inflow into broad - based indices: From Monday to Thursday, leverage funds flowed into major broad - based indices, with the Shanghai Composite Index, CSI 1000, and CSI 300 having daily net inflows of over 2.5 billion yuan. Most broad - based ETFs had net outflows on Monday - Thursday, and on Friday, most broad - based indices had inflows except for the Shanghai Composite Index ETF and ChiNext Index ETF [54]. - Market - cap gradient: Stocks of all market - cap gradients increased leverage, with large - cap stocks above 50 billion yuan having a larger increase. Stocks like Zhongji Innolight, Industrial Fulin, Cambricon, and Zijin Mining had large net margin purchases [58]. - Industry perspective: Industries with large margin net purchases as a proportion of turnover included communications, real estate, machinery and equipment, etc. The national defense and military industry increased leverage for six consecutive weeks, and agriculture, forestry, animal husbandry, and fishery increased leverage for nine consecutive weeks [62]. - Hot stocks: Some hot stocks in the national defense and military industry and electronics added leverage. Stocks like Zhaoyi Innovation, Zhongji Innolight, and others had a margin net purchase as a proportion of turnover exceeding 10% [70]. 3.2.2 Quantitative Funds - Excess return: Since December, the median excess returns of CSI 500 and CSI 1000 quantitative index - enhanced strategies have been - 1.15% and 0.61% respectively [72]. - Futures basis: This week, the near - month stock index futures basis changed from premium to discount, and the far - month contract basis discount narrowed. Excluding the futures delivery week, the basis discount has been narrowing since December [78]. 3.2.3 Main Force Funds - Sector net flows: The main force funds in the CSI 300 and ChiNext continued to have net outflows, but the outflows slowed down. The main force funds in the STAR Market had net outflows for five consecutive trading days, accelerating compared to last week [80]. - Industry flows: Main force funds flowed into the power equipment industry and out of industries such as national defense and military industry, computers, electronics, and non - bank finance [88]. 3.2.4 Northbound Funds - Trading volume and proportion: The total trading volume of northbound funds decreased, with the average daily trading volume dropping from 203 billion yuan to 176.6 billion yuan, and the proportion in A - share trading volume dropping from 11.52% to 9.29% [92]. - Performance of heavy - holding stocks: The heavy - holding stocks of the Northbound Connect changed from rising to falling, and the Northbound Connect 50 index underperformed the CSI 300 [94]. 3.2.5 Southbound Funds - Trading volume and net purchases: The average daily trading volume of southbound funds decreased from 144.2 billion yuan to 110.2 billion yuan, and the proportion increased from 52.3% to 58.9%. The average daily net purchase amount decreased from 2.9 billion yuan to 0.8 billion yuan [99]. - Industry allocation: Southbound funds still had a balanced allocation, flowing into industries such as media, electronics, and non - bank finance, and flowing out of industries such as communications, petroleum and petrochemicals, and non - ferrous metals [102].