电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 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 | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2506 | 总持仓小幅上升 | 国信多空头增仓超千手 | | 上证 | 50 | IH2506 | 总持仓小幅上升 | 国君多空头增仓近千手 | | 中证 | 500 | IC2506 | 总持仓上升 | 国君多空头增仓 | | 中证 | 1000 | IM2506 | 总持仓明显上升 | 国君多空头均增仓超 2000 手 | 股指期货持仓日度变动简评 448.0 557.0 1,923.0 5,262.0 1,966.0 2,545.0 5,357.0 14,003.0 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 IF IH IC IM 主力合约持仓变动 总持仓变动 数据来源：Wind 广发 ...

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints - The report provides a daily tracking of the positions of stock index futures, including IF, IH, IC, and IM. It shows the changes in total positions and the significant changes in the top 20 seats for each variety on June 3, 2025 [1][4][10][16][22]. 3. Summary by Variety IF (CSI 300) - **Total Position and Main Contract Position Changes**: On June 3, the total position of the IF variety increased by 5,468 hands, and the position of the main contract 2506 increased by 1,429 hands [4]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, CITIC Futures had the most long - position increase, with an intraday increase of 1,849 hands; Guosen Futures had the most long - position decrease, with an intraday decrease of 342 hands. Guotai Junan Futures ranked first in total long positions with 40,263 hands [5]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, CITIC Fortune had the most short - position increase, with an intraday increase of 1,421 hands; Huatai Futures had the most short - position decrease, with an intraday decrease of 241 hands. CITIC Futures ranked first in total short positions with 46,039 hands [7]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On June 3, the total position of the IH variety increased by 1,863 hands, and the position of the main contract 2506 increased by 498 hands [10]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, Guotai Junan Futures had the most long - position increase, with an intraday increase of 1,442 hands; Yong'an Futures had the most long - position decrease, with an intraday decrease of 366 hands. Guotai Junan Futures ranked first in total long positions with 10,085 hands [11]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, Guotai Junan Futures had the most short - position increase, with an intraday increase of 1,242 hands; Guotou Futures had the most short - position decrease, with an intraday decrease of 378 hands. Guotai Junan Futures ranked first in total short positions with 11,768 hands [12]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On June 3, the total position of the IC variety increased by 6,257 hands, and the position of the main contract 2506 increased by 3,036 hands [16]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, CITIC Futures had the most long - position increase, with an intraday increase of 1,352 hands; Everbright Futures had the most long - position decrease, with an intraday decrease of 132 hands. CITIC Futures ranked first in total long positions with 33,622 hands [17]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, Guotai Junan Futures had the most short - position increase, with an intraday increase of 1,929 hands; Guosen Futures had the most short - position decrease, with an intraday decrease of 582 hands. CITIC Futures ranked first in total short positions with 32,247 hands [18]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On June 3, the total position of the IM variety increased by 3,188 hands, and the position of the main contract 2506 increased by 1,260 hands [22]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats, Haitong Futures had the most long - position increase, with an intraday increase of 2,092 hands; Guosen Futures had the most long - position decrease, with an intraday decrease of 432 hands. Guotai Junan Futures ranked first in total long positions with 44,580 hands [22]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats, Haitong Futures had the most short - position increase, with an intraday increase of 1,422 hands; CITIC Futures had the most short - position decrease, with an intraday decrease of 1,920 hands. CITIC Futures ranked first in total short positions with 57,448 hands [24].

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - On May 28, 2025, the total positions of IF, IH, IC, and IM in the stock index futures market all declined, with significant decreases in the main contracts. The top twenty long and short positions mainly reduced their holdings [1][5][11][17][22] 3. Summary by Related Catalogs IF (CSI 300) - **Total Position and Main Contract Position Changes**: On May 28, the total position of the IF variety decreased by 9,159 lots, and the position of the main contract 2506 decreased by 10,523 lots [5] - **Top Twenty Long Position Holders Changes**: Among the top twenty long position holders of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 38,877 lots. Everbright Futures had the most long - position increases, adding 71 lots intraday, while Guotai Junan Futures had the most long - position decreases, reducing 1,660 lots intraday [6] - **Top Twenty Short Position Holders Changes**: Among the top twenty short position holders of the IF variety on that day, CITIC Futures ranked first with a total position of 43,090 lots. Bank of China Futures had the most short - position increases, adding 176 lots intraday, while Guotai Junan Futures had the most short - position decreases, reducing 2,333 lots intraday [8] IH (SSE 50) - **Total Position and Main Contract Position Changes**: On May 28, the total position of the IH variety decreased by 5,458 lots, and the position of the main contract 2506 decreased by 4,562 lots [11] - **Top Twenty Long Position Holders Changes**: Among the top twenty long position holders of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 9,713 lots. Shenyin Wanguo Futures had the most long - position increases, adding 89 lots intraday, while CITIC Futures had the most long - position decreases, reducing 1,467 lots intraday [12] - **Top Twenty Short Position Holders Changes**: Among the top twenty short position holders of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 10,844 lots. Huatai Futures had the most short - position increases, adding 124 lots intraday, while Guotai Junan Futures had the most short - position decreases, reducing 1,439 lots intraday [13] IC (CSI 500) - **Total Position and Main Contract Position Changes**: On May 28, the total position of the IC variety decreased by 5,580 lots, and the position of the main contract 2506 decreased by 5,278 lots [17] - **Top Twenty Long Position Holders Changes**: Among the top twenty long position holders of the IC variety on that day, CITIC Futures ranked first with a total position of 31,770 lots. Everbright Futures had the most long - position increases, adding 93 lots intraday, while Haitong Futures had the most long - position decreases, reducing 1,562 lots intraday [17] - **Top Twenty Short Position Holders Changes**: Among the top twenty short position holders of the IC variety on that day, CITIC Futures ranked first with a total position of 32,475 lots. Huatai Futures had the most short - position increases, adding 100 lots intraday, while CITIC Futures had the most short - position decreases, reducing 1,272 lots intraday [18] IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On May 28, the total position of the IM variety decreased significantly by 11,992 lots, and the position of the main contract 2506 decreased by 11,259 lots [22] - **Top Twenty Long Position Holders Changes**: Among the top twenty long position holders of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 44,355 lots. Baocheng Futures had the most long - position increases, adding 68 lots intraday, while CITIC Futures had the most long - position decreases, reducing 2,758 lots intraday [23] - **Top Twenty Short Position Holders Changes**: Among the top twenty short position holders of the IM variety on that day, CITIC Futures ranked first with a total position of 60,409 lots. Huatai Futures had the most short - position increases, adding 333 lots intraday, while Guotai Junan Futures had the most short - position decreases, reducing 2,840 lots intraday [25]

Report Industry Investment Rating - No information provided on the report industry investment rating Core Viewpoints - The report provides a daily tracking of the positions of stock index futures, including IF, IH, IC, and IM, and analyzes the changes in total positions, main contract positions, and the important changes in the top 20 seats [1] Summary by Relevant Catalogs IF (CSI 300) - Total positions decreased slightly by 2,753 hands on May 21, with the main contract 2506 positions decreasing by 3,691 hands [5] - Among the top 20 long positions, CITIC Futures added the most long positions, with an intraday increase of 899 hands, while Haitong Futures reduced the most long positions, with an intraday decrease of 1,610 hands [6] - Among the top 20 short positions, Galaxy Futures added the most short positions, with an intraday increase of 342 hands, while CITIC Futures reduced the most short positions, with an intraday decrease of 853 hands [8] IH (SSE 50) - Total positions decreased by 1,210 hands on May 21, with the main contract 2506 positions decreasing by 842 hands [11] - Among the top 20 long positions, Haitong Futures added the most long positions, with an intraday increase of 170 hands, while Guotai Junan Futures reduced the most long positions, with an intraday decrease of 584 hands [11] - Among the top 20 short positions, Baocheng Futures added the most short positions, with an intraday increase of 240 hands, while Guotou Futures reduced the most short positions, with an intraday decrease of 388 hands [13] IC (CSI 500) - Total positions increased by 1,085 hands on May 21, while the main contract 2506 positions decreased by 1,450 hands [16] - Among the top 20 long positions, CITIC Futures added the most long positions, with an intraday increase of 865 hands, while Guoxin Futures reduced the most long positions, with an intraday decrease of 191 hands [17] - Among the top 20 short positions, Guotai Junan Futures added the most short positions, with an intraday increase of 998 hands, while Dongzheng Futures reduced the most short positions, with an intraday decrease of 569 hands [18] IM (CSI 1000) - Total positions decreased by 2,343 hands on May 21, with the main contract 2506 positions decreasing by 4,060 hands [22] - Among the top 20 long positions, CITIC Futures added the most long positions, with an intraday increase of 605 hands, while Guotai Junan Futures reduced the most long positions, with an intraday decrease of 1,435 hands [22] - Among the top 20 short positions, Huatai Futures added the most short positions, with an intraday increase of 253 hands, while Guotai Junan Futures reduced the most short positions, with an intraday decrease of 1,062 hands [23]

广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 股指期货持仓日度跟踪 投资咨询业务资格： 联系信息： 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@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 | 整体小幅上升 | 国泰君安空头增仓超 1000 手 | | 上证 | 50 | IH2506 | 整体小幅上升 | 前二十席位变化不大 | | 中证 | 500 | IC2506 | 总持仓下降 | 国君多头、中信空头减仓 | | 中证 | 1000 | IM2506 | 总持仓下降 | 中信多空头均减仓 3000 手以上 | 股指期货持仓日度变动简评 666.0 321.0 -5,481.0 -7,341.0 2,731.0 1,740.0 -4,636.0 -8,732.0 -10,000 -8,000 -6 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The report provides a daily tracking of the positions of stock index futures on May 19, 2025, including the overall position changes and the important changes of the top 20 seats for IF, IH, IC, and IM [1]. Summary by Related Catalogs IF (CSI 300) - **Total Position and Main Contract Position Changes**: On May 19, the total position of the IF variety decreased slightly by 1,782 lots, and the position of the main contract 2506 decreased by 5,494 lots [4]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 39,196 lots. The long position of Guosen Futures increased the most, with an intraday increase of 454 lots; the long position of Guotai Junan Futures decreased the most, with an intraday decrease of 1,390 lots [5]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IF variety on that day, CITIC Futures ranked first with a total position of 47,127 lots. The short position of Guosen Futures increased the most, with an intraday increase of 685 lots; the short position of Guotai Junan Futures decreased the most, with an intraday decrease of 1,377 lots [7]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On May 19, the total position of the IH variety decreased by 3,530 lots, and the position of the main contract 2506 decreased by 3,346 lots [10]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 9,623 lots. The long position of Nanhua Futures increased the most, with an intraday increase of 287 lots; the long position of Haitong Futures decreased the most, with an intraday decrease of 1,087 lots [11]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 12,199 lots. The short position of Galaxy Futures increased the most, with an intraday increase of 155 lots; the short position of Guotai Junan Futures decreased the most, with an intraday decrease of 752 lots [12]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On May 19, the total position of the IC variety increased by 7,465 lots, and the position of the main contract 2506 increased by 2,238 lots [16]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IC variety on that day, CITIC Futures ranked first with a total position of 30,837 lots. The long position of Guotai Junan Futures increased the most, with an intraday increase of 1,123 lots; the long position of Haitong Futures decreased the most, with an intraday decrease of 230 lots [17]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IC variety on that day, CITIC Futures ranked first with a total position of 35,428 lots. The short position of CITIC Futures increased the most, with an intraday increase of 1,530 lots; the short position of CITIC Construction Investment Futures decreased the most, with an intraday decrease of 261 lots [18]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On May 19, the total position of the IM variety increased significantly by 12,395 lots, and the position of the main contract 2506 increased by 3,626 lots [22]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 43,780 lots. The long position of CITIC Futures increased the most, with an intraday increase of 4,369 lots; the long position of Everbright Futures decreased the most, with an intraday decrease of 412 lots [22]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IM variety on that day, CITIC Futures ranked first with a total position of 56,973 lots. The short position of CITIC Futures increased the most, with an intraday increase of 2,315 lots; the short position of Guotai Junan Futures decreased the most, with an intraday decrease of 321 lots [23].

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 1,615.0 -1,428.0 -825.0 1,610.0 -13,654.0 -7,939.0 -12,115.0 -16,939.0 -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 数据来源：Wind 广发期货研究所整理 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。 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 | 总持仓大幅下降 | 中信多空头均大幅减仓 | | 上证 | 50 | IH2506 | 总持仓下降 | 国君、中信多空头均明显减仓 | | 中证 | 500 | IC2506 | 总持仓下降 | 中信多空头减仓 3000 手以上 | | 中证 | 1000 | IM2506 | ...

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].