Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core View of the Report - The total positions of IF, IH, IC, and IM in stock index futures all decreased on June 30, 2025, with significant position - reducing operations by major institutions such as Guojun and CITIC in multiple varieties [1][5][11] Group 3: Summary by Related Catalogs IF (CSI 300) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IF variety decreased by 9,541 hands, and the position of the main contract 2509 decreased by 3,939 hands [5] - **Top Twenty Long - Position Seats**: Guotai Junan Futures ranked first with a total position of 42,147 hands. Guotou Futures had the most long - position increase (939 hands), and Guotai Junan Futures had the most long - position decrease (3,145 hands) [6] - **Top Twenty Short - Position Seats**: CITIC Futures ranked first with a total position of 45,186 hands. Huatai Futures had the most short - position increase (869 hands), and Guotai Junan Futures had the most short - position decrease (2,709 hands) [8] IH (SSE 50) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IH variety decreased by 8,594 hands, and the position of the main contract 2509 decreased by 3,937 hands [11] - **Top Twenty Long - Position Seats**: Guotai Junan Futures ranked first with a total position of 9,949 hands. Shenyin Wanguo Futures had the most long - position increase (126 hands), and Guotai Junan Futures had the most long - position decrease (1,881 hands) [12] - **Top Twenty Short - Position Seats**: Guotai Junan Futures ranked first with a total position of 12,316 hands. Huatai Futures had the most short - position increase (153 hands), and Guotai Junan Futures had the most short - position decrease (2,154 hands) [13] IC (CSI 500) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IC variety decreased by 7,778 hands, and the position of the main contract 2507 decreased by 4,070 hands [17] - **Top Twenty Long - Position Seats**: CITIC Futures ranked first with a total position of 33,338 hands. Haitong Futures had the most long - position increase (946 hands), and CITIC Futures had the most long - position decrease (2,704 hands) [18] - **Top Twenty Short - Position Seats**: CITIC Futures ranked first with a total position of 39,501 hands. UBS Futures had the most short - position increase (963 hands), and CITIC Futures had the most short - position decrease (3,796 hands) [20] IM (CSI 1000) - **Total Position and Main Contract Position Change**: On June 30, the total position of the IM variety decreased by 19,165 hands, and the position of the main contract 2509 decreased by 9,029 hands [23] - **Top Twenty Long - Position Seats**: Guotai Junan Futures ranked first with a total position of 40,658 hands. Nanhua Futures had the most long - position increase (108 hands), and CITIC Futures had the most long - position decrease (6,311 hands) [24] - **Top Twenty Short - Position Seats**: CITIC Futures ranked first with a total position of 58,581 hands. J.P. Morgan Futures had the most short - position increase (109 hands), and CITIC Futures had the most short - position decrease (6,396 hands) [25]

1. Report Industry Investment Rating - No relevant content found 2. Core Viewpoints of the Report - On June 26, 2025, the report provides a daily tracking and analysis of the positions of stock index futures, including IF, IH, IC, and IM [1][6][12] 3. Summary According to the Catalog 3.1 IF - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IF variety increased by 12,395 lots, and the main contract switched to 2509 with an increase of 6,129 lots [6] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IF variety on that day, CITIC Futures had the largest increase in long positions, with an intraday increase of 3,086 lots; Guotou Futures had the largest decrease, with an intraday decrease of 390 lots. Guotai Junan Futures ranked first with a total position of 44,938 lots [7] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IF variety on that day, CITIC Futures had the largest increase in short positions, with an intraday increase of 2,309 lots; Huawen Futures had the largest decrease, with an intraday decrease of 244 lots. CITIC Futures ranked first with a total position of 47,896 lots [9] 3.2 IH - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IH variety increased by 5,800 lots, and the main contract 2509 increased by 2,025 lots [12] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IH variety on that day, Guotai Junan Futures had the largest increase in long positions, with an intraday increase of 1,282 lots; Huawen Futures had the largest decrease, with an intraday decrease of 229 lots. Guotai Junan Futures ranked first with a total position of 11,192 lots [13] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IH variety on that day, Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 1,366 lots; Galaxy Futures had the largest decrease, with an intraday decrease of 118 lots. CITIC Futures ranked first with a total position of 13,881 lots [14] 3.3 IC - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IC variety increased by 12,814 lots, and the main contract switched to 2507 with an increase of 4,175 lots [18] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IC variety on that day, Guotai Junan Futures had the largest increase in long positions, with an intraday increase of 3,141 lots; Yong'an Futures had the largest decrease, with an intraday decrease of 484 lots. CITIC Futures ranked first with a total position of 37,561 lots [19] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IC variety on that day, Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 2,871 lots; Ping An Futures had the largest decrease, with an intraday decrease of 26 lots. CITIC Futures ranked first with a total position of 45,259 lots [20] 3.4 IM - **Total Position and Main Contract Position Changes**: On June 25, the total position of the IM variety increased by 20,157 lots, and the main contract 2509 increased by 13,919 lots [24] - **Top Twenty Long Position Changes**: Among the top twenty long positions of the IM variety on that day, CITIC Futures had the largest increase in long positions, with an intraday increase of 3,304 lots; Zheshang Futures had the largest decrease, with an intraday decrease of 437 lots. Guotai Junan Futures ranked first with a total position of 46,099 lots [25] - **Top Twenty Short Position Changes**: Among the top twenty short positions of the IM variety on that day, CITIC Futures had the largest increase in short positions, with an intraday increase of 5,278 lots; CITIC Construction Investment Futures had the largest decrease, with an intraday decrease of 65 lots. CITIC Futures ranked first with a total position of 67,479 lots [27]

Report Summary 1. Report Industry Investment Rating - No information provided regarding the industry investment rating in the given content. 2. Core Viewpoints - The report provides a daily tracking of the positions of stock index futures, including IF, IH, IC, and IM. The total positions of these futures showed an upward trend on June 24, 2025, with different changes in the positions of the top 20 long and short positions of each variety [6][12][18][24]. 3. Summary by Related Catalogs IF - **Total and Main Contract Position Changes**: On June 24, the total position of the IF variety increased by 9,891 hands, and the main contract switched to 2509 with an increase of 4,338 hands [6]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IF variety, Guotai Junan Futures ranked first with a total position of 42,725 hands. Guotai Junan Futures had the most long - position increase, adding 1,119 hands, while Haitong Futures had the most long - position decrease, reducing 1,035 hands [7]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IF variety, CITIC Futures ranked first with a total position of 45,587 hands. Guotai Junan Futures had the most short - position increase, adding 1,487 hands, while China Merchants Futures had the most short - position decrease, reducing 470 hands [9]. IH - **Total and Main Contract Position Changes**: On June 24, the total position of the IH variety increased by 2,748 hands, and the main contract 2509 increased by 986 hands [12]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IH variety, Guotai Junan Futures ranked first with a total position of 9,910 hands. Galaxy Futures had the most long - position increase, adding 524 hands, while Guotai Junan Futures had the most long - position decrease, reducing 1,409 hands [13]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IH variety, CITIC Futures ranked first with a total position of 13,292 hands. Haitong Futures had the most short - position increase, adding 1,412 hands, while China Merchants Futures had the most short - position decrease, reducing 410 hands [14]. IC - **Total and Main Contract Position Changes**: On June 24, the total position of the IC variety increased by 6,727 hands, and the main contract switched to 2507 with an increase of 2,861 hands [18]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IC variety, CITIC Futures ranked first with a total position of 36,302 hands. Guotai Junan Futures had the most long - position increase, adding 1,103 hands, while Guotou Futures had the most long - position decrease, reducing 509 hands [19]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IC variety, CITIC Futures ranked first with a total position of 43,065 hands. Guotai Junan Futures had the most short - position increase, adding 1,634 hands, while Haizheng Futures had the most short - position decrease, reducing 179 hands [20]. IM - **Total and Main Contract Position Changes**: On June 24, the total position of the IM variety increased by 5,080 hands, and the main contract 2509 increased by 3,095 hands [24]. - **Top 20 Long Position Changes**: Among the top 20 long positions of the IM variety, Guotai Junan Futures ranked first with a total position of 42,853 hands. Orient Futures had the most long - position increase, adding 1,138 hands, while Guotou Futures had the most long - position decrease, reducing 549 hands [24]. - **Top 20 Short Position Changes**: Among the top 20 short positions of the IM variety, CITIC Futures ranked first with a total position of 62,201 hands. Guotai Junan Futures had the most short - position increase, adding 1,872 hands, while CITIC Futures had the most short - position decrease, reducing 1,871 hands [25].

Report Industry Investment Rating - No relevant information provided Core View of the Report - The report provides a daily tracking and analysis of the positions of stock index futures, including IF, IH, IC, and IM, on June 19, 2025, covering aspects such as total positions, main contract positions, and changes in the positions of the top 20 long and short seats [1][4][10][15][20] Summary by Related Catalogs IF (CSI 300) - Total position change: On June 19, the total position of the IF variety increased by 4,729 hands, while the position of the main contract 2506 decreased by 18,151 hands [4] - Top 20 long - seat position changes: Among the top 20 long seats, Guotai Junan Futures ranked first with a total position of 40,799 hands. Shenyin Wanguo Futures had the most long - position increase, adding 1,174 hands, and Zhongtai Futures had the most long - position decrease, reducing 323 hands [5] - Top 20 short - seat position changes: Among the top 20 short seats, CITIC Futures ranked first with a total position of 43,292 hands. China Merchants Futures had the most short - position increase, adding 1,987 hands, and Shenyin Wanguo Futures had the most short - position decrease, reducing 141 hands [7] IH (SSE 50) - Total position change: On June 19, the total position of the IH variety increased by 2,290 hands, while the position of the main contract 2506 decreased by 8,837 hands [10] - Top 20 long - seat position changes: Among the top 20 long seats, Guotai Junan Futures ranked first with a total position of 10,672 hands. Guotai Junan Futures had the most long - position increase, adding 969 hands, and Galaxy Futures had the most long - position decrease, reducing 213 hands [10] - Top 20 short - seat position changes: Among the top 20 short seats, Guotai Junan Futures ranked first with a total position of 12,841 hands. Guotai Junan Futures had the most short - position increase, adding 1,104 hands, and CICC Futures had the most short - position decrease, reducing 494 hands [11] IC (CSI 500) - Total position change: On June 19, the total position of the IC variety increased by 8,682 hands, while the position of the main contract 2506 decreased by 13,728 hands [15] - Top 20 long - seat position changes: Among the top 20 long seats, CITIC Futures ranked first with a total position of 42,413 hands. CITIC Futures had the most long - position increase, adding 2,935 hands, and Huatai Futures had the most long - position decrease, reducing 413 hands [15] - Top 20 short - seat position changes: Among the top 20 short seats, CITIC Futures ranked first with a total position of 41,689 hands. CITIC Futures had the most short - position increase, adding 2,346 hands, and J.P. Morgan Futures had the most short - position decrease, reducing 565 hands [16] IM (CSI 1000) - Total position change: On June 19, the total position of the IM variety increased significantly by 14,528 hands, while the position of the main contract 2506 decreased by 31,422 hands [20] - Top 20 long - seat position changes: Among the top 20 long seats, Guotai Junan Futures ranked first with a total position of 42,526 hands. CITIC Futures had the most long - position increase, adding 5,705 hands, and Xingzheng Futures had the most long - position decrease, reducing 522 hands [20] - Top 20 short - seat position changes: Among the top 20 short seats, CITIC Futures ranked first with a total position of 61,716 hands. CITIC Futures had the most short - position increase, adding 4,795 hands, and Huawen Futures had the most short - position decrease, reducing 652 hands [22]

股指期货持仓日度跟踪 投资咨询业务资格： 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 股指期货： IF、IH、IC、IM | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2506 | 总持仓明显上升 | 国君多空头均大幅加仓 | | 上证 | 50 | IH2506 | 总持仓明显上升 | 中信多空头各加仓超 2000 手 | | 中证 | 500 | IC2506 | 总持仓明显上升 | 国君多空头增仓逾 3000 手 | | 中证 | 1000 | IM2506 | 总持仓大幅上升 | 中信多头国君空头增仓 5000 手以 上 | 股指期货持仓日度变动简评 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@gf.com.cn 2025 年 5 月 30 日星期五 广发期货早评 [股指期货] ◆ IF：总持仓明显上升，国君多空头均大幅加仓 【品种总持仓及主力合约持仓变化】 ...

| 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2506 | 总持仓明显下降 | 国君多空头均大幅增仓 4000 手以 上 | | 上证 | 50 | IH2506 | 总持仓下降 | 国君多空头均增仓 2500 手左右 | | 中证 | 500 | IC2506 | 持仓小幅下降 | 东证多空头均增仓一千手以上 | | 中证 | 1000 | IM2506 | 总持仓稍有下降 | 中信多空头均大幅减仓 | 股指期货持仓日度变动简评 股指期货持仓日度跟踪 投资咨询业务资格： 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 股指期货： IF、IH、IC、IM -8,958.0 -2,241.0 680.0 -646.0 -18,822.0 -7,010.0 -4,733.0 -2,778.0 -20,000 -15,000 -10,000 -5,000 0 5,000 IF IH IC IM 主力合约持仓变动 总持仓变动 2025 ...