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 目录： 股指期货： 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 本报告中所有观点仅供参考，请务必阅读正文之后的免责声明。 2025 年 5 月 16 日星期五 证监许可【2011】1292 号 联系信息： 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@gf.com.cn 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 | 总持仓大幅下降 | 国君多空头均大幅减仓 5000 手以 上 | | 上证 | 50 | IH2506 | 总持仓大幅下降 | 中信多空头均减仓 2500 手以上 | | 中证 | 500 | IC2506 | 总持仓下降 | 国泰君安多空头减仓 3000 手以上 | | 中证 | 1000 | IM2506 | 总持仓大幅下降 | 中信多空头均大幅减仓 8000 手以 上 | 股指期 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - On May 14, 2025, the total positions of IF, IH, IC, and IM varieties all increased significantly, with notable position - increasing actions by certain major institutions in both long and short positions [1][8][9][15][20] 3. Summary by Related Catalogs IF - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IF variety increased significantly by 25,069 hands, and the position of the main contract 2506 increased by 20,634 hands [8] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 48,294 hands. CITIC Futures had the largest increase in long positions, with an intraday increase of 7,160 hands, while Zheshang Futures had the largest decrease, with an intraday decrease of 864 hands [4] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IF variety on that day, CITIC Futures ranked first with a total position of 58,416 hands. Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 5,964 hands, while CICC Wealth had the largest decrease, with an intraday decrease of 81 hands [6] IH - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IH variety increased significantly by 18,780 hands, and the position of the main contract 2506 increased by 13,041 hands [9] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 13,168 hands. CITIC Futures had the largest increase in long positions, with an intraday increase of 3,303 hands, while Shenyin Wanguo had the largest decrease, with an intraday decrease of 18 hands [10] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 15,871 hands. CITIC Futures had the largest increase in short positions, with an intraday increase of 3,407 hands, while Huatai Futures had the largest decrease, with an intraday decrease of 437 hands [11] IC - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IC variety increased significantly by 15,835 hands, and the position of the main contract 2506 increased by 14,940 hands [15] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IC variety on that day, CITIC Futures ranked first with a total position of 36,297 hands. Guotai Junan Futures had the largest increase in long positions, with an intraday increase of 3,759 hands, while J.P. Morgan had the largest decrease, with an intraday decrease of 749 hands [15] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IC variety on that day, CITIC Futures ranked first with a total position of 40,268 hands. Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 3,454 hands, while Shenyin Wanguo Futures had the largest decrease, with an intraday decrease of 245 hands [16] IM - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IM variety increased significantly by 28,068 hands, and the position of the main contract 2506 increased by 26,417 hands [20] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 50,018 hands. CITIC Futures had the largest increase in long positions, with an intraday increase of 10,407 hands, while Huatai Futures had the largest decrease, with an intraday decrease of 448 hands [21] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IM variety on that day, CITIC Futures ranked first with a total position of 67,956 hands. CITIC Futures had the largest increase in short positions, with an intraday increase of 9,918 hands, while Shenyin Wanguo Futures had the largest decrease, with an intraday decrease of 610 hands [23]

Report Industry Investment Rating - Not provided Core Viewpoints - The report provides a daily tracking and analysis of the positions of four stock index futures: IF, IH, IC, and IM, including changes in total positions, positions of the main contracts, and important changes in the top 20 seats [1]. Summary by Relevant Catalogs IF (CSI 300) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IF variety increased by 5,914 lots, and the position of the main contract 2506 increased by 4,027 lots [5]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IF variety, Guotai Junan Futures ranked first with a total position of 46,088 lots. The largest long - side increase was Guotai Junan Futures, with an intraday increase of 1,872 lots; the largest long - side decrease was Zheshang Futures, with an intraday decrease of 403 lots [6]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IF variety, CITIC Futures ranked first with a total position of 50,770 lots. The largest short - side increase was Guotai Junan Futures, with an intraday increase of 1,359 lots; the largest short - side decrease was Huatai Futures, with an intraday decrease of 1,072 lots [8]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IH variety decreased by 284 lots, while the position of the main contract 2506 increased by 927 lots [11]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IH variety, Guotai Junan Futures ranked first with a total position of 11,902 lots. The largest long - side increase was Huatai Futures, with an intraday increase of 481 lots; the largest long - side decrease was CITIC Futures, with an intraday decrease of 1,078 lots [12]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IH variety, Guotai Junan Futures ranked first with a total position of 14,177 lots. The largest short - side increase was Guotai Junan Futures, with an intraday increase of 310 lots; the largest short - side decrease was CITIC Futures, with an intraday decrease of 849 lots [13]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IC variety decreased by 3,756 lots, and the position of the main contract 2506 decreased by 1,908 lots [18]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IC variety, CITIC Futures ranked first with a total position of 34,168 lots. The largest long - side increase was CICC Futures, with an intraday increase of 298 lots; the largest long - side decrease was Haitong Futures, with an intraday decrease of 939 lots [19]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IC variety, CITIC Futures ranked first with a total position of 37,670 lots. The largest short - side increase was GF Futures, with an intraday increase of 152 lots; the largest short - side decrease was CITIC Futures, with an intraday decrease of 1,288 lots [21]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IM variety decreased significantly by 17,592 lots, and the position of the main contract 2506 decreased by 8,842 lots [24]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IM variety, Guotai Junan Futures ranked first with a total position of 44,137 lots. The largest long - side increase was Ping An Futures, with an intraday increase of 199 lots; the largest long - side decrease was CITIC Futures, with an intraday decrease of 4,553 lots [25]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IM variety, CITIC Futures ranked first with a total position of 60,317 lots. The largest short - side increase was Shenyin Wanguo Futures, with an intraday increase of 186 lots; the largest short - side decrease was CITIC Futures, with an intraday decrease of 4,873 lots [27].

目录： 股指期货： IF、IH、IC、IM 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 本报告中所有观点仅供参考，请务必阅读正文之后的免责声明。 2025 年 5 月 7 日星期三 证监许可【2011】1292 号 联系信息： 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@gf.com.cn 股指期货持仓日度变动简评 2025 年 5 月 7 日星期三广 发期货早评 2,596.0 -305.0 2,680.0 6,886.0 2,315.0 -12.0 6,480.0 8,623.0 -1,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 IF IH IC IM 主力合约持仓变动 总持仓变动 [股指期货] 数据来源：Wind 广发期货研究所整理 | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | ...