数据显示，截至2025年12月5日，不同规模私募仓位指数已全面突破80%，其中百亿私募仓位指数高达89.02%，正蓄势逼近90%关键大关，在所有规模私 募中仓位最为激进。50亿至100亿元规模私募亦展现出强劲的做多决心，当前仓位指数达86.17%，与百亿私募共同构成市场加仓主力军。 从全年加仓力度来看，大规模私募表现尤为突出。其中，50亿至100亿元私募仓位指数年内狂飙21.95%，涨幅遥遥领先；其次是百亿私募，年内也大幅 加仓18.75%。两者以显著高于行业平均的增仓幅度，彰显出头部私募对后市的高度看好与坚定布局的态度。 股票私募仓位持续高歌猛进，已攀升至年内新高。 12月12日，记者从私募排排网获悉，截至12月5日，股票私募仓位指数高达82.98%，又一次刷新今年以来最高纪录，并已连续三周稳居82%以上的高位 区间。 数据显示，今年以来，股票私募仓位呈现显著抬升态势，指数从2024年底的73.54%一路飙升至当前峰值82.98%，累计涨幅达9.44%。2025年8月以来的加 仓趋势尤其瞩目，短短四个月内股票私募仓位指数涨幅高达9.05%，展现出私募机构积极进场的明确信号。 从具体仓位分布来看，近七成股票私 ...

Group 1 - The A-share market has shown a notable profit effect this year, leading to increased enthusiasm for market entry, with the private equity position index reaching a year-high of 81.13% as of November 14, 2025, up 1.05 percentage points from the previous week [1] - The position index for private equity firms with over 10 billion yuan in assets has significantly increased, with full-position firms accounting for 73.41% of the total, while the proportion of medium-position firms has decreased to 18.47% [2] - The rise in private equity positions is driven by three main factors: the upward trend of the A-share market since August, positive policy signals for the long-term health of the capital market, and the ability of large private equity firms to capture structural opportunities through concentrated investments in sectors like technology and innovative pharmaceuticals [2] Group 2 - There has been a high enthusiasm for new product registrations among private equity institutions, with 10,608 new private equity securities investment funds registered this year, a 100.76% increase compared to 5,284 products in the same period of 2024 [3] - Stock strategy remains the dominant strategy for new registrations, with 6,954 new stock strategy private equity funds accounting for 65.55% of the total, followed by multi-asset strategies at 14.08% [3] - The number of new registrations for futures and derivatives strategy private equity funds is 1,062, making up 10.01% of the total, while bond strategy and combination fund private equity products account for less than 5% each [3]

Core Insights - The private equity market is experiencing a significant increase in positions, with the stock private equity position index reaching 80.16% as of October 31, marking a new high for the year [1][2] - The rise in positions reflects a positive shift in market expectations, with a notable increase from a low of 73.93% in August [2] - The majority of private equity firms are fully invested, with 63.21% in a full position, indicating strong confidence in market conditions [2] Position Distribution - As of October 31, 80.07% of large private equity firms (over 100 billion) maintained positions above 80%, while those managing between 50 billion and 100 billion reached 85.02% [2] - Smaller private equity firms are also increasing their positions, with most categories exceeding the 80% threshold [2] Market Consensus - There is a consensus among private equity firms that a structural market trend will continue, leading to a preference for high positions [3] - Firms anticipate a potential market correction in November but believe it will serve as a buildup for the next market rally [3] Investment Focus - Private equity firms are focusing on two main sectors: technology and cyclical industries [4] - The technology sector is driven by the AI revolution and advancements in the semiconductor industry, while cyclical industries are shifting towards quality improvement and international market expansion [4] Portfolio Strategy - Current portfolio strategies emphasize a combination of core (high-quality blue-chip) and satellite (innovative growth) investments [5] - Core investments focus on undervalued quality companies across various sectors, while satellite investments target high-growth areas such as AI computing and biotechnology [5]

Core Viewpoint - The stock private equity position index has reached a new high for the year, indicating strong confidence among private equity firms regarding future market performance [1][3]. Group 1: Stock Private Equity Position Index - As of October 31, 2025, the stock private equity position index stands at 80.16%, an increase of 0.79% from the previous week, marking the first time this year it has surpassed the 80% threshold [1][3]. - Since the market rebound in August, the private equity position index has risen from a low of 73.93% to the current 80.16%, reflecting a cumulative increase of 6.23% [3]. Group 2: Private Equity Holdings Distribution - Currently, 63.21% of stock private equity firms are fully invested, while 21.57% maintain a moderate position, and only 10.70% have low allocations, with 4.52% opting for a short position [3]. - Among large private equity firms with assets over 100 billion, the position index is at 80.07%, remaining above 80% for four consecutive weeks, while firms with 50-100 billion have an even higher index of 85.02%, maintaining above 80% for eleven weeks [3]. Group 3: Confidence Among Large Private Equity Firms - Over 54.26% of large private equity firms (100 billion and above) are fully invested, with a combined total of 92.51% maintaining either full or moderate positions [5]. - The data indicates a dominant trend of high positions among large private equity firms, with only 6.03% and 1.46% in low and short positions, respectively [5][6]. - This trend suggests that large private equity firms recognize the long-term investment value of A-shares, sending a strong positive signal to the market [6].

Group 1 - The private equity market is showing increased optimism, with the stock private equity position index reaching 80.16% as of October 31, 2025, marking a 0.79% increase from the previous week and the first time it has surpassed the 80% threshold this year [1] - Since the market rebound in August, the private equity position index has risen from a low of 73.93% to the current 80.16%, indicating a significant increase in positions among private equity firms [1] - Large private equity firms maintain high positions, with those managing over 100 billion yuan having a position index of 80.07%, remaining above 80% for four consecutive weeks, while firms managing between 50 billion and 100 billion yuan have an even higher index of 85.02%, staying above 80% for eleven weeks [1] Group 2 - The current structure of private equity holdings shows a dominance of high positions, with 63.21% of stock private equity firms fully invested, 21.57% at moderate levels, and only 10.70% at low levels, while 4.52% are in cash [2] - Among large private equity firms, over 50% of those managing 100 billion yuan or more are fully invested, with 54.26% in full positions and 38.25% at moderate levels, indicating strong confidence in the market [2] - Factors contributing to the high position levels include the sustained market rebound since August, strong performance of stock strategy private equity products, and a general confidence in the long-term value of A-shares and economic recovery [2] Group 3 - Current market risk premiums are at a historical median level, with an increase in the activation of household deposits, suggesting a shift in asset allocation and stock market revaluation as long-term confidence grows [3] - The Federal Reserve's recent interest rate cuts and pause in balance sheet reduction are expected to benefit Chinese assets due to global capital rebalancing, with the stock market's earnings bottom confirmed [3] - As earnings drivers for the stock market begin to emerge, the potential for market upward movement is expected to increase [3]

Group 1 - The core viewpoint of the articles indicates that the stock private equity position index has reached its highest level of the year at 78.41%, reflecting a continuous increase for the second consecutive week [1][3] - The distribution of stock private equity positions shows that full-position private equity accounts for the highest proportion at 60.01%, followed by medium-position private equity at 23.68%, while low and empty positions are relatively low at 11.18% and 5.13% respectively [3] - The increase in the stock private equity position index is primarily driven by a shift from low-position private equity to medium-position private equity, indicating a spreading optimism among private equity firms [3] Group 2 - By scale, the stock private equity position indices for various categories are as follows: over 10 billion, 50-100 million, 20-50 million, 10-20 million, 5-10 million, and 0-5 million, with indices of 79.95%, 85.56%, 75.19%, 76.28%, 76.74%, and 79.02% respectively [5] - Notably, the willingness to increase positions among private equity firms with over 10 billion in assets is the strongest, with a weekly increase of 1.73% and a significant two-week increase of 12.84%, indicating a clear bullish intent [5] - The position structure among large private equity firms shows that 54.33% are fully invested, while 39.40% are at medium positions, with low and empty positions at only 4.48% and 1.79% respectively, reflecting an overall increase in risk appetite among leading private equity institutions [5]

Group 1 - The core viewpoint of the articles indicates that stock private equity in the A-share market has significantly increased its positions, reaching a new high for the year, reflecting optimistic expectations for future market trends [1][2] Group 2 - As of September 12, the stock private equity position index reached 78.04%, a substantial increase of 2.96% from the previous week’s 75.08%, indicating a notable rise in overall allocation enthusiasm [1] - The distribution of positions shows that 60.02% of stock private equity is fully invested, while 23.34% maintain moderate positions, and less than 20% are in low or empty positions, suggesting a majority of private equity firms are actively positioning themselves in the market [1] Group 3 - Different scales of stock private equity exhibit varied positioning characteristics, with the largest firms showing particularly strong performance; for instance, the position index for firms with over 100 billion is 78.22%, while those between 50 billion and 100 billion have the highest at 86.49%, marking a three-year peak [1][2] - The increase in positions among large private equity firms is significant, with a week-on-week rise of 11.11% for those managing over 100 billion, where over 54% are fully invested [2]

Core Viewpoint - The stock private equity market in A-shares is experiencing significant increases in positions, reflecting optimistic expectations for future market trends [1][2] Group 1: Overall Market Sentiment - The stock private equity position index reached 78.04% as of September 12, up from 75.08% the previous week, marking a weekly increase of 2.96% and matching the year's high [1] - A majority of private equity firms are actively positioning themselves in the market, with 60.02% of stock private equity firms fully invested [1] Group 2: Position Distribution - The distribution of positions among different scales of private equity firms shows notable differences, with larger firms exhibiting higher levels of investment [1] - As of September 12, the position indices for various scales of private equity firms are as follows: over 100 billion, 78.22%; 50-100 billion, 86.49%; 20-50 billion, 74.22%; 10-20 billion, 75.88%; 5-10 billion, 76.28%; and under 5 billion, 78.85% [1] - The highest position index of 86.49% was recorded for private equity firms with assets between 50 billion and 100 billion, reaching a three-year high [1] Group 3: Large Private Equity Firms - Large private equity firms (over 100 billion) showed the most significant increase in positions, with an 11.11% rise compared to the previous week, bringing the position index to 78.22% [2] - Over half of the large private equity firms are fully invested, with 54.04% in full positions, while only 5.28% and 1.86% are in low and empty positions, respectively [2]

Group 1 - The A-share market has seen a recent rise, leading to a slight increase in stock private equity positions, with significant accumulation observed among billion-yuan private equity funds [1] - As of July 25, the stock private equity position index stands at 75.85%, up 0.76% from the previous week, while the billion-yuan private equity position index is at 78.47%, a substantial increase of 5.69% [1] - Nearly 60% of stock private equity funds are fully invested, with 57.23% at full position, 24.84% at medium position, 11.57% at low position, and 6.36% at empty position [1] Group 2 - Over 62% of billion-yuan private equity funds are fully invested, with 62.24% at full position, 31.12% at medium position, 3.63% at low position, and 3.00% at empty position [1] - Private equity research activities have significantly increased in July, with total research occurrences surpassing 1,700 [1] - As of July 24, 590 private equity managers participated in A-share listed company research, covering 26 primary industries, with a total of 1,313 research occurrences [1] Group 3 - The computer industry has emerged as the focal point for private equity attention, receiving 209 research occurrences, the highest among all industries [2] - The electronics industry follows closely with 179 research occurrences, while the biopharmaceutical industry also attracts significant interest with 160 research occurrences [2]

Core Insights - The A-share market is experiencing a significant increase in private equity fund positions, with the stock private equity position index rising to 77.36%, a notable increase of 2.07% from the previous week, approaching a new high for the year [1] - The willingness to increase positions is particularly pronounced among large-scale private equity funds, with the index for billion-level stock private equity reaching 83.26%, up 3.3% from the previous week, marking a new high in nearly 93 weeks [1] - Over 60% of stock private equity funds are fully invested, with 60.66% at full position and 21.73% at medium position, indicating that more than 80% are at half position or above [1] - Among billion-level private equity funds, over 70% are fully invested, with 72.41% at full position and only 3.73% and 3.49% at low and empty positions, respectively [1] Performance Metrics - The overall trend shows a clear "position increase" characteristic for both stock private equity and billion-level private equity, reflecting optimism among private equity institutions regarding future market performance, especially among top-tier private equity firms [2] - Among 51 billion-level private equity funds with performance disclosures, the average return for the first half of the year was 10.87%, significantly outperforming the 0.03% increase of the CSI 300 index during the same period, with 94.12% of these funds achieving positive returns [2]