头部私募正引领本轮加仓趋势。私募排排网最新数据显示，截至12月12日，从100亿以上到0-5亿规模的 各梯队股票私募仓位指数全线走高，分别为89.47%、87.32%、82.46%、84.20%、82.58%和81.89%，均 创出年内新高。其中，100亿以上及50亿-100亿规模的头部私募仓位尤为突出，已接近90%水平。 从仓位分布结构来看，股票私募做多倾向愈发集中。满仓(仓位>80%)股票私募占比大幅提升至 70.34%，为今年以来首次突破七成关口；与之相对应，中等仓位(50%-80%)、低仓(20%-50%)及空仓 (<20%)私募占比同步回落，越来越多的私募选择集中仓位布局权益市场。 【深圳商报讯】(记者陈燕青)股票私募仓位持续创出年内新高。私募排排网最新数据显示，截至12月12 日，股票私募仓位指数攀升至83.59%，较前一周环比上涨0.61个百分点，年内新高再度被刷新。值得关 注的是，12月以来私募加仓意愿持续释放，已实现连续两周稳步加仓。 ...

| | | | 不同规模股票私募近一月仓位指数统计 | | | | | --- | --- | --- | --- | --- | --- | --- | | 日期 | 100亿以上 | | | 50-100 亿 20-50 亿 10-20亿 5-10 亿 0-5 | | | | 2025-11-14 | 87. 07% | 83. 56% | 78. 67% | 80. 48% | 80. 86% | 80. 0 | | 2025-11-07 | 79. 09% | 85. 18% | 79. 07% | 80. 87% | 80. 82% | 79.7 | | 2025-10-31 | 80. 07% | 85. 02% | 78. 54% | 80. 26% | 81.91% | 1 79.7 | | 2025-10-24 | 81.66% | 83.06% | 77.57% | 78. 37% | 80. 98% | 178.9 | | 2025-10-17 | 80. 18% | 87.35% | 76. 68% | 78. 09% | 80. 79% | 79.6 | | | | | 数据来源:私 ...

Core Insights - The A-share market is experiencing a rebound in activity, with private equity increasing positions and retail investor participation rising, while southbound capital inflow is slowing down [3][4]. Market Pricing Status - Market sentiment has improved slightly, with average daily trading volume in the A-share market rising to 25 trillion yuan, and turnover rates for the Shanghai Composite Index and CSI 300 increasing to the 95th and 93rd percentiles respectively [3]. - The proportion of stocks that are rising has decreased to 32.0%, and the median weekly return for A-share stocks has dropped to -1.66% [3]. - Industry trading concentration is on the rise, with 19 industries having turnover rates above the 90th percentile, particularly in the automotive sector [3]. A-share Capital Flow - Public funds saw new issuance scale increase to 23.58 billion yuan, while stock positions were reduced [4]. - Private equity confidence index slightly rebounded, with positions surpassing 78%, nearing the highest point of the year [4]. - Foreign capital inflow amounted to 920 million USD, with northbound trading accounting for 10.0% of total transactions [4]. - The IPO fundraising reached 200 million yuan, with a private placement scale of 800 million yuan and a lock-up release scale of 61.34 billion yuan [4]. - Retail investor activity showed marginal improvement [4]. A-share Industry Allocation - Foreign capital is flowing into the financial and technology sectors, while financing funds are increasing allocations to non-TMT sectors [5]. - The electronics sector saw a net inflow of 14.99 billion yuan, while non-bank financials had a net inflow of 6.6 billion yuan [5]. - ETF flows indicate significant passive capital movement, with non-bank financials and non-ferrous metals leading in net inflows [5]. Hong Kong and Global Capital Flow - Southbound capital inflow decreased to 36.85 billion yuan, representing the 89th percentile since 2022 [6]. - The Hang Seng Index rose by 0.6%, with global markets mostly up, particularly in Indonesia and Brazil [6]. - Foreign capital inflow into the Hong Kong market reached 1.73 billion USD, while developed markets saw a net outflow of 5.2 billion USD [6]. - Emerging markets experienced a net inflow of 7.71 billion USD, with China and the US leading in inflow amounts [6].

8月22日，股票私募连续两周加仓。私募排排网数据显示，截至上周，股票私募仓位指数为74.86%，较 前一周上涨0.64%。其中，百亿私募大幅加仓。百亿私募仓位指数为82.29%，较前一周大幅上涨 8.16%，创下年内单周最大加仓。 同时，经过这次加仓之后，百亿私募仓位指数时隔4周之后再度重回80%上方。此外，中等仓位百亿私 募占比则从53.25%大幅下降至31.06%，低仓和空仓百亿私募占比分别降至5.71%和1.26%。 （编辑：夏欣 审核：何莎莎 校对：颜京宁） 中经实习记者 孙小琴 记者 夏欣 北京报道 ...