Core Viewpoint - The article discusses the top 50 actively managed funds held by institutional investors, highlighting their performance, management styles, and the implications of recent management changes on fund sizes and investor confidence [5][7][9]. Group 1: Top Actively Managed Funds by Institutional Holdings - The fund with the highest institutional holdings is Changxin Jinli Trend Mixed A, with an estimated holding amount of approximately 3.9 billion yuan as of May 19 [6][8]. - Huashang Advantage Industry Mixed ranks second, but its size has significantly decreased following the departure of its manager, Zhou Haidong [7]. - The third position is held by ICBC Innovation Power Stock, managed by Yang Xinxin, who focuses on large-cap value stocks and has a strong track record of risk control [7][9]. - The fourth is Taikang Hongshi March Open Mixed, which has a 100% institutional holding ratio, raising concerns about liquidity risk due to potential concentrated redemptions [7]. - The fifth is Huitianfu Quality Value Mixed, with 90.77% of its holdings by institutions, known for its strong risk control and a maximum drawdown of only 11.85% since inception [7][9]. Group 2: Management Styles and Performance - The fund manager of Changxin Jinli Trend Mixed, Gao Yuan, has been managing since September 2018, employing a top-down macro perspective combined with industry comparisons [6][8]. - Yang Xinxin's strategy in ICBC Innovation Power Stock involves a bottom-up selection of undervalued, high-dividend stocks, contributing to its long-term stability [7]. - Fan Yan, who took over the management of Fuguo Steady Growth Mixed A, utilizes a top-down strategy focusing on macroeconomic indicators to select stocks, maintaining a diversified portfolio [8][9]. - The article notes that the institutional holdings from ranks 11 to 50 also reflect strong recognition from institutions, with several renowned fund managers involved [9].