Group 1: Market Performance - Fund holdings outperformed northbound holdings, with the Fund Heavy 50 index leading at 3.01%[11] - The overall market momentum remains high, with industry and style rotation speeds sustained at elevated levels[4] - The healthcare and telecommunications sectors showed the highest gains, while financial and real estate sectors experienced pullbacks[19] Group 2: Investment Styles and Themes - Small-cap and high-volatility stocks are favored, with the "Growth+" series leading the performance[21] - The Chengdu-Chongqing regional development and the "East Data West Computing" initiatives are the leading themes in the market[25] - The cumulative return for small-cap and growth indices has been the highest since the beginning of 2025[21]