Group 1 - The core viewpoint of the article is that institutional investors hold a significant portion of Wando Medical's shares, totaling 3.60 billion shares, which accounts for 51.27% of the company's total equity as of October 24, 2025 [1] - The number of institutional investors holding shares in Wando Medical has remained at five, including notable entities such as Midea Group and China Bank, but the overall institutional holding percentage has decreased by 1.24 percentage points compared to the previous quarter [1] - In the public fund sector, two funds have reduced their holdings, specifically the Huabao CSI Medical ETF and the Southern CSI 1000 ETF, with a total reduction percentage of 0.30% [1] Group 2 - A total of 106 public funds have not disclosed their holdings in this period, which includes several funds such as Huaxia CSI 1000 ETF and GF CSI 1000 ETF [1] - The report indicates a trend of decreasing institutional and public fund holdings in Wando Medical, suggesting a potential shift in investor sentiment [1]