来源：深圳商报 数据显示，截至11月17日，今年以来全市场完成备案的私募证券投资基金数量达10608只，同比增长了 100.76%。分策略来看，股票策略是"绝对主力"。截至11月17日，新备案股票策略私募基金数量高达 6954只，占比为65.55%。 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，次要原因是AI泡沫担忧，主要是对 美国AI开支透支过度担忧。市场在一致预期明年春季行情增量资金流入背景下，12月存在抢跑冲动， 而当前市场因海外波动而陷入迷茫时刻正是加仓吸筹的机会。 (责任编辑：叶景) 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 ...

Core Viewpoint - The overall sentiment in the market remains optimistic despite recent fluctuations, with both public and private equity funds increasing their positions, indicating potential structural opportunities ahead [2][10][11]. Group 1: Fund Positioning - As of July 25, the average position of private equity funds was 75.85%, reflecting a slight increase of 0.76 percentage points from the previous week, while the average position for large-cap private equity funds rose significantly by 5.69 percentage points to 78.47% [4][6]. - Among large-cap private equity funds, 62.24% were at heavy or full positions (over 80%), and less than 10% had positions below 50% [4]. - Public equity funds also saw a modest increase in average positions, rising by 0.17 percentage points to 92.7%, with ordinary stock funds reaching 93.25% [7][8]. Group 2: Market Outlook - Private equity institutions generally perceive limited risks in market adjustments, maintaining a focus on structural opportunities [2][10]. - Starstone Investment noted that the A-share market's significant gains in July have led to internal sector differentiation, suggesting a potential "healthy correction" in the short term [11]. - The overall market risk is considered manageable, with expectations for further index growth due to strong demand for equity assets amid low-risk interest rates [11]. Group 3: Structural Opportunities - Investment firms are focusing on three main structural opportunities: the revaluation of quality Chinese assets, the globalization of advantageous industries, and investment opportunities arising from advancements in technology such as AI [12]. - The emphasis is on identifying industry leaders with strong competitive advantages in the technology sector, particularly those affected by short-term competitive pressures [11][12].