股票私募仓位指数再攀高峰。 私募排排网数据显示，截至2025年11月14日，股票私募仓位指数达81.13%，较前一周大幅提升1.05%， 不仅实现连续3周站稳80%关口、刷新年内新高，更创下近112周以来的峰值。 从仓位结构来看，中等仓位私募的集中加仓成为本次指数突破的核心动力。数据显示，满仓股票私募占 比已提升至65.9%，中等仓位私募占比则降至18.97%，低仓、空仓私募占比分别为10.37%和4.76%。不 难看出，中等仓位私募向满仓水平集中提升，成为此次仓位指数突破的关键动力。 | | | | 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 亿 | | | | | 2025-11-14 | 87.07% | 83.56% | 78. 67% | 80. 48% | 80. 86% | 80. 09% | | 2025-11-07 | 79. 09% | 85. 18% | 79.07% | 80. 87 ...

股票私募仓位指数再攀高峰。 百亿股票私募正掀起全面加仓潮，超七成已迈入满仓行列。数据显示，满仓百亿股票私募占比大幅 提升至73.41%，对应地，中等仓位百亿股票私募占比显著下降至18.47%，显然大量中等仓位百亿私募 值得关注的是，作为行业风向标的百亿私募展现出更为激进的加仓态势，大幅加仓创近185周新 高。截至2025年11月14日，不同规模股票私募仓位呈现差异化分布，各区间仓位指数依次为：100亿元 以上规模87.07%、50亿至100亿元规模83.56%、20亿至50亿元规模78.67%、10亿至20亿元规模80.48%、 5亿至10亿元规模80.86%、0至5亿元规模80.09%。 已将仓位进一步提升至满仓水平。与此同时，空仓百亿股票私募也在积极调整仓位、向低仓水平靠拢， 目前低仓百亿股票私募占比为7.32%，空仓占比仅0.8%，加仓态势明确。 对于私募仓位持续走高的核心逻辑，排排网集团旗下融智投资FOF基金经理李春瑜分析认为，一方 面，自8月以来，A股市场持续上行并突破关键点位，赚钱效应逐步显现，私募产品业绩同步改善，为 机构加仓提供了业绩基础和信心支撑。另一方面，政策层面持续释放支持资本市场长期健 ...

私募仓位提升的核心推动因素来自中等仓位私募的加仓意愿增强。数据显示，满仓股票私募占比已提升 至65.90%，中等仓位私募占比则降至18.97%，低仓、空仓私募占比分别为10.37%和4.76%。不难看出， 中等仓位私募向满仓水平集中提升，成为此次仓位指数突破的关键动力。 百亿私募大幅加仓创近185周新高。数据显示，截至11月14日，不同规模股票私募仓位呈现差异化分 布，各区间仓位指数依次为：100亿元以上规模87.07%、50亿元-100亿元规模83.56%、20亿元-50亿元规 模78.67%、10亿元-20亿元规模80.48%、5亿元-10亿元规模80.86%、0-5亿元规模80.09%。 【深圳商报讯】（记者陈燕青）股票私募仓位指数再攀高峰。私募排排网数据显示，截至11月14日，股 票私募仓位指数达81.13%，较前一周大幅提升1.05%。这一数据不仅实现连续3周站稳80%关口、刷新年 内新高，更创下了近112周以来的峰值。 上周五A股大跌，沪指下跌2.45%失守3900点。展望后市，东方财富（300059）首席策略分析师陈果表 示，当前调整核心主要矛盾是源于美联储12月不降息预期引发的流动性担忧，次要 ...

| | | | 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 overall stock private equity positions have reached a nearly one-year high, with a particularly aggressive stance from large private equity firms managing between 5 billion to 10 billion yuan, where over 60% are fully invested, indicating a highly optimistic market outlook [1][3]. Group 1: Stock Private Equity Positioning - As of October 17, the stock private equity position index rose to 79.68%, an increase of 0.55% from the previous week, marking a nearly one-year high. Since August, this index has cumulatively increased by 5.75%, showing a significant trend towards increasing positions [1][3]. - Over 63.40% of stock private equity firms are fully invested, while medium positions account for 20.41%. Low and empty positions are only 11.47% and 4.72%, respectively, indicating that the majority of private equity firms are opting for high positions [3]. Group 2: Aggressive Positioning of Leading Private Equity Firms - The position index for private equity firms of different sizes as of October 17 is as follows: over 100 billion yuan at 80.18%, 50-100 billion yuan at 87.35%, 20-50 billion yuan at 76.68%, 10-20 billion yuan at 78.09%, 5-10 billion yuan at 80.79%, and 0-5 billion yuan at 79.65%. Notably, firms managing between 50 billion to 100 billion yuan have the highest position at 87.35%, a three-year high [5][6]. - The sustained high positions of large private equity firms reflect their long-term confidence in the market, supported by stable client bases and low redemption pressures, allowing for a long-term holding strategy [5]. Group 3: Market Conditions and Confidence - The recent upward trend in the A-share market since August, along with clear upward movements in certain growth and consumer sectors, has attracted private equity funds to increase their allocations [6]. - Recent policy signals aimed at stabilizing growth and encouraging innovation have bolstered private equity firms' confidence in the medium to long-term market performance. Additionally, the overall liquidity in the market is reasonable and ample, providing favorable conditions for private equity to increase positions while reducing the costs associated with large-scale adjustments [7].

Core Insights - The overall stock private equity positions have reached a nearly one-year high, with large private equity firms, especially those with assets between 5 billion to 10 billion yuan, showing the most aggressive positions [1][4] Group 1: Market Sentiment - As of October 17, 2025, the stock private equity position index rose to 79.68%, an increase of 0.55% from the previous week, marking a nearly one-year high [1] - Since August 2025, the index has cumulatively increased by 5.75%, indicating a significant trend of increasing positions [1] - The A-share market has shown a fluctuating upward trend, with certain growth and consumer sectors experiencing clear upward movements, attracting more private equity investments [1] Group 2: Policy and Economic Environment - Continuous improvement in policy expectations has been noted, with recent signals from the policy level aimed at stabilizing growth and encouraging innovation [1] - Multiple policies supporting the real economy and capital market development have been introduced, enhancing private equity firms' confidence in the market's medium to long-term performance [1] Group 3: Fund Positioning - As of October 17, 2025, 63.40% of stock private equity firms are fully invested, while 20.41% are at medium positions, and only 11.47% and 4.72% are at low and empty positions, respectively [3] - The majority of private equity firms believe the current market is in a low recovery phase, and any positive news could trigger a rapid increase, prompting them to maintain full positions to avoid missing out [3] Group 4: Position Index by Fund Size - The position index for private equity firms of various sizes as of October 17, 2025, is as follows: - Over 100 billion yuan: 80.18% - 50-100 billion yuan: 87.35% - 20-50 billion yuan: 76.68% - 10-20 billion yuan: 78.09% - 5-10 billion yuan: 80.79% - 0-5 billion yuan: 79.65% [4][5] - The 50-100 billion yuan private equity firms have the highest position at 87.35%, a three-year high, while over 100 billion yuan firms maintain a position above 80% for two consecutive weeks [4]

Core Insights - The stock private equity position index reached 78.41% as of September 19, indicating significant accumulation by private equity firms in the stock market [1] - Since August, the index has shown a steady increase from 73.93% to 78.41%, with a total rise of 4.48 percentage points [1] - The acceleration in the index growth was notable in September, increasing from 75.08% on September 5 to 78.04% on September 12, marking a weekly rise of 2.96 percentage points [1] Position Distribution - Over 80% of stock private equity firms have positions of 50% or more, with 60.01% having positions above 80% and 23.68% between 50% and 80% [1] - Only 5.13% of stock private equity firms maintain positions below 20%, indicating a general trend towards higher investment levels [1] Market Sentiment - The optimistic market sentiment is attributed to supportive policies and the promising outlook of emerging industries such as AI, semiconductors, and new energy [1] - Different scales of stock private equity show a "high at both ends, low in the middle" positioning, with smaller (under 500 million) and larger (over 5 billion) firms showing higher aggressiveness in their positions compared to medium-sized firms [2] Large-Scale Private Equity Activity - Large-scale private equity firms (over 10 billion) have shown a notable increase in positions, with a 12.84 percentage point rise in their index over two weeks [3] - More than 90% of these large firms have positions of 50% or more, with 54.33% above 80% [3] - The risk appetite among top private equity firms appears to be increasing, driven by opportunities in AI infrastructure and potential growth in various sectors [3]

Core Insights - The stock private equity position index reached a new high of 78.41% as of September 19, 2025, marking a 0.37 percentage point increase from the previous week and achieving consecutive weekly growth [1][3]. Group 1: Private Equity Position Distribution - 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 position index is primarily driven by a shift from low-position private equity to medium-position, indicating a spreading optimism among private equity firms [3]. Group 2: Position Index by Scale - As of September 19, 2025, the position indices for various scales of private equity are as follows: over 10 billion, 50-100 billion, 20-50 billion, 10-20 billion, 5-10 billion, and 0-5 billion, with indices of 79.95%, 85.56%, 75.19%, 76.28%, 76.74%, and 79.02%, respectively [5]. - Notably, the 100 billion scale private equity shows the strongest willingness to increase positions, with a weekly increase of 1.73% and a substantial two-week increase of 12.84% [5]. Group 3: Position Structure of Large Private Equity - Among the 100 billion scale private equity, 54.33% are fully invested, and 39.4% are at medium positions, while low and empty positions account for only 4.48% and 1.79%, respectively [6]. - The distribution has significantly improved, with both full and medium positions increasing, while low and empty positions have decreased, reflecting an overall increase in risk appetite among leading private equity firms [6]. Group 4: Market Sentiment and Investment Environment - The significant increase in private equity positions is attributed to the continuous rise in the A-share market, creating a favorable investment environment and notable profit-making effects, alongside a steady increase in investor confidence [8]. - Emerging industries such as AI, semiconductors, and new energy are highlighted as having broad development prospects, with structural opportunities becoming more apparent, supported by ongoing policy efforts [8].

Group 1 - The stock private equity position index has risen to 77.36% as of July 4, 2025, indicating a 2.07 percentage point increase from the previous week, approaching a new high for the year [1] - The position index for billion-level stock private equity has reached 83.26%, a significant increase of 3.3 percentage points, marking a new high for the year [1] - Over 60.66% of stock private equity positions are at full capacity, with 21.73% at moderate levels, indicating that more than 80% of stock private equity is at half capacity or above [1] Group 2 - Recent active accumulation by stock private equity, especially billion-level private equity, reflects a strong confidence in the long-term positive outlook of the capital market [2] - The supportive logic for private equity accumulation includes favorable policy environments, with recent policies improving market expectations and investor confidence [2] - Current A-share market valuations are below historical averages, providing valuable investment opportunities for value investors [2] Group 3 - The overall risk premium in the stock market remains high, with total market value/residential deposits at historical lows, indicating potential for long-term revaluation of A-shares [3] - Certain sectors, such as consumption and technology, show strong driving forces, creating structural investment opportunities [3]

Group 1 - The overall sentiment in the market is positive as billion-level private equity firms increase their positions, indicating confidence in the current market environment [1] - As of May 16, the overall stock private equity position index remains stable at 75.16%, maintaining above 75% for six consecutive weeks [1] - 56.18% of stock private equity firms are fully invested, while 24.10% are at moderate levels, 12.64% at low levels, and 7.08% are in cash [1] Group 2 - Dongxing Securities notes that after fluctuations due to the tariff war and earnings disclosures in April, market concerns about index levels have decreased, shifting focus to market rhythm and opportunities [2] - The market is expected to remain in a range-bound phase, with the second quarter's fundamentals still unclear, and concerns about the fundamentals have not changed [2] - Eastern Securities highlights that substantial progress in China-US tariff negotiations has reduced economic downward pressure, leading to a recovery in market risk appetite [2]