Core Viewpoint - Wan Feng Ao Wei (002085.SZ) reported a decrease in institutional shareholding in its Q3 2025 report, with a total of 8.61 billion shares held by 8 institutional investors, representing 40.55% of the total share capital, down by 2.57 percentage points from the previous quarter [1] Institutional Investors - A total of 8 institutional investors disclosed their holdings in Wan Feng Ao Wei, with a combined shareholding of 8.61 billion shares, accounting for 40.55% of the total share capital [1] - The institutional shareholding decreased by 2.57 percentage points compared to the previous quarter [1] - Notable institutional investors include Wan Feng Ao Te Holding Group, Baian Life Insurance, and China Agricultural Bank [1] Public Funds - Two public funds reported a decrease in holdings compared to the previous quarter, with a total reduction of 0.25% [1] - A total of 232 public funds were not disclosed in this quarter, including several notable ETFs and mutual funds [1] Insurance and Pension Funds - One new insurance investor was disclosed this quarter, namely Qianhai Life Insurance [2] - One pension fund was not disclosed this quarter, specifically Baian Life Insurance's dividend insurance product [2] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, reported a decrease in holdings, with a reduction of 0.13% compared to the previous quarter [2]