Core Viewpoint - Public funds have significantly increased their investment in A-shares, with the total market value surpassing 7 trillion yuan, reaching a record high of 7.38 trillion yuan, which accounts for 20.84% of all fund assets, marking a 22.23% increase compared to the previous quarter [1][4]. Group 1: Public Fund Investment Overview - As of the end of Q3 2025, public funds held a total stock market value of 8.99 trillion yuan, with A-shares accounting for 7.38 trillion yuan, reflecting a growth rate of 22.23% [2][5]. - The total net asset value of public funds reached 35.41 trillion yuan, with a growth of 6.03% [2][5]. - The number of funds holding over 100 billion yuan in stock market value increased by 30% to 110 funds [7]. Group 2: Individual Stock Holdings - Ningde Times remains the highest individual stock held by public funds, with a market value exceeding 200 billion yuan, specifically reaching 2070.74 billion yuan [3][13]. - Guizhou Moutai, Zhongji Xuchuang, and Xinyi Sheng also have market values exceeding 100 billion yuan, with Guizhou Moutai valued at 1236.49 billion yuan [3][15]. - The top ten stocks held by public funds include major companies like Tencent and Alibaba, with Tencent's market value at 1068.12 billion yuan [14][17]. Group 3: Market Trends and Changes - The public fund investment in A-shares has seen a significant increase, moving from 6 trillion to 7 trillion yuan over nearly four years, with notable fluctuations during market adjustments in 2022 and 2023 [4][6]. - The increase in public fund investment is attributed to a strong performance in the A-share market, with a notable increment of 1.34 trillion yuan in Q3 2025 alone [5][6]. - Passive index funds, particularly ETFs, dominate the segment of funds with over 100 billion yuan in stock holdings, accounting for over 70% of this group [8][9].

智通财经10月29日讯（记者 周晓雅）公募基金三季报密集披露后，公募投资A股的情况也一一浮现。 Wind数据显示，截至三季度末，公募基金持有A股市值突破了7万亿关口，创新高至7.38万亿元，占所有基金资产总值的20.84%，与前一季度 相比市值增长了22.23%。 公募基金持有A股市值创新高 此次公募基金首次持有A股市值超7万亿元，从6万亿向7万亿关口跨越，历时近4年。 数据显示，早在2021年，公募投资A股市值分别在当年二季度末、四季度末接连突破5万亿、6万亿关口，至年底的6.45万亿元；但随着2022 年、2023年A股行情调整，公募投资A股市值也徘徊在5万亿的水平。 而去年"9·24"行情点燃之际，公募投资A股市值也在去年3季度末重新到6万亿元以上，但仍未及2021年的峰值；并且在下一季度再次出现短暂 回落。 | | 近年公募投资A股市值变化一览 | | | | --- | --- | --- | --- | | 时间 | 投资股票市值 | 其中:A股 | 资产净值 | | | (万亿元) | (万亿元) | (万亿元) | | 2025年3季度 | 8. 99 | 7. 38 | 35. 41 | | ...