公募基金方面，本期较上一期持股增加的公募基金共计1个，即国泰中证畜牧养殖ETF，持股增加占比 达0.17%。本期较上一季度持股减少的公募基金共计3个，包括前海开源沪港深农业混合(LOF)A、光大 保德信安瑞一年债券A、2000增强ETF，持股减少占比达0.14%。本期较上一季度新披露的公募基金共 计2个，包括招商稳旺混合A、国泰中证2000ETF。本期较上一季未再披露的公募基金共计4个，包括鹏 华弘泽混合A、招商享利增强债券A、鹏华宁华一年持有期混合A、鑫元消费甄选混合发起A。 2025年8月27日，天马科技(603668.SH)发布2025年半年度报告。截至2025年8月26日，共有11个机构投 资者披露持有天马科技A股股份，合计持股量达1.17亿股，占天马科技总股本的23.28%。其中，前十大 机构投资者包括福建天马投资发展有限公司、海南北恒私募基金管理中心(有限合伙)-北恒十三期私募证 券投资基金、杭州皖翰管理咨询合伙企业(有限合伙)、前海人寿保险股份有限公司-分红保险产品、浙商 银行股份有限公司-国泰中证畜牧养殖交易型开放式指数证券投资基金、厦门夏商投资有限公司、前海 开源沪港深农业混合(LOF)A、 ...

2025年8月26日，瑞普生物(300119.SZ)发布2025年半年度报告。截至2025年8月25日，共有10个机构投 资者披露持有瑞普生物A股股份，合计持股量达2437.97万股，占瑞普生物总股本的5.25%。其中，前十 大机构投资者包括香港中央结算有限公司、上海阿杏投资管理有限公司-阿杏格致7号私募证券投资基 金、浙商银行股份有限公司-国泰中证畜牧养殖交易型开放式指数证券投资基金、上海阿杏投资管理有 限公司-阿杏延安9号私募证券投资基金、中国建设银行股份有限公司-嘉实农业产业股票型证券投资基 金、国泰区位优势混合A、长安鑫悦消费混合A、长安优势行业混合A、前海开源裕瑞混合A、华夏国证 2000指数增强发起式A，前十大机构投资者合计持股比例达5.25%。相较于上一季度，前十大机构持股 比例合计下跌了1.97个百分点。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 公募基金方面，本期较上一期持股增加的公募基金共计1个，即国泰中证畜牧养殖ETF，持股增加占比 小幅上涨。本期较上一季度持股减少的公募基金共计2个，包括嘉实农业产业股票A、国泰区位优势混 合A，持股减少占比达0.66%。本 ...

Group 1 - The report identifies investment opportunities in various industries under the "anti-involution" theme, drawing parallels with the supply-side reform period from 2015 to 2018, focusing on policy effects, inventory cycles, and industry prosperity [1][8] - The current "anti-involution" theme has a broader industry coverage, with a positive outlook on photovoltaic and medical devices based on their clearing reversal elasticity, while chemicals and building materials are favored for their certainty in prosperity [2][14] Group 2 - The report outlines the criteria for selecting actively managed equity funds related to the "anti-involution" theme, requiring a significant holding in relevant industry stocks and a minimum fund size [3][16] - For ETF funds, a scoring system based on various performance metrics is used to identify the top products in the same category [3][16]

- The report aims to track large purchases and net active purchases using transaction detail data[1] - The indicators used are the proportion of large order transaction amounts and the proportion of net active purchase amounts[7] - The proportion of large order transaction amounts reflects the buying behavior of large funds[7] - The proportion of net active purchase amounts reflects the active buying behavior of investors[7] - The top 5 stocks with the highest average proportion of large order transaction amounts over the past 5 days are: Sobute, China Railway Industry, Tibet Tianlu, Poly United, and China Power Construction[4][9] - The top 5 stocks with the highest average proportion of net active purchase amounts over the past 5 days are: Weixing Co., HNA Holdings, Kaili Medical, Liaogang Co., and Hengyi Petrochemical[4][10] - The top 5 industries with the highest average proportion of large order transaction amounts over the past 5 days are: Banking, Real Estate, Petroleum and Petrochemical, Transportation, and Coal[4] - The top 5 industries with the highest average proportion of net active purchase amounts over the past 5 days are: Media, Textile and Apparel, Computers, Electronics, and Light Manufacturing[4] - The top 5 ETFs with the highest average proportion of large order transaction amounts over the past 5 days are: China Agricultural Theme ETF, E Fund CSI 300 Medical and Health ETF, Huabao CSI Medical ETF, Bosera SSE STAR 100 ETF, and Guotai CSI Livestock Breeding ETF[4][15] - The top 5 ETFs with the highest average proportion of net active purchase amounts over the past 5 days are: Penghua CSI Subdivision Chemical Industry Theme ETF, GF SSE STAR 50 ETF, Harvest CSI Rare Metals Theme ETF, E Fund Guozheng Robotics Industry ETF, and Harvest CSI Software Services ETF[4][16]

Market Overview - The Shanghai Composite Index rose by 0.76% to close at 3367.46 points, with a weekly high of 3417.31 points [1] - The Shenzhen Component Index increased by 0.52% to 10179.6 points, reaching a peak of 10418.44 points [1] - The ChiNext Index saw a gain of 1.38%, closing at 2039.45 points, with a maximum of 2103.37 points [1] - Global markets also experienced gains, with the Nasdaq Composite up by 7.15%, the Dow Jones Industrial Average up by 3.41%, and the S&P 500 up by 5.27% [1] - In the Asia-Pacific region, the Hang Seng Index rose by 2.09%, and the Nikkei 225 increased by 0.67% [1] ETF Market Performance - The median weekly return for stock ETFs was 0.69% [2] - The highest weekly return among scale index ETFs was 2.43% for the China Securities 2000 Enhanced Strategy ETF [2] - The top-performing industry index ETF was the China Securities 800 Automotive and Parts ETF, with a return of 2.8% [2] - The strategy index ETF with the highest return was the Da Cheng China Securities Dividend Low Volatility 100 ETF at 4.21% [2] - The best-performing thematic index ETF was the Jianxin National Certificate New Energy Vehicle Battery ETF, returning 2.84% [2] ETF Liquidity and Fund Flows - Average daily trading volume for stock ETFs increased by 10.9%, while average daily turnover rose by 1.8% [7] - The top five stock ETFs by inflow were: - Ping An China Securities A500 ETF (inflow of 360 million yuan) - Huatai-PB SSE STAR 100 ETF (inflow of 263 million yuan) - Huaxia SSE STAR 50 Component ETF (inflow of 174 million yuan) - GF China Securities Military Industry ETF (inflow of 114 million yuan) - Guotai Junan China Securities Animal Husbandry ETF (inflow of 105 million yuan) [9] - The top five stock ETFs by outflow were: - Huatai-PB SSE 300 ETF (outflow of 686 million yuan) - E Fund SSE 300 ETF Initiated (outflow of 436 million yuan) - Southern China Securities 1000 ETF (outflow of 360 million yuan) - E Fund ChiNext ETF (outflow of 320 million yuan) - Harvest SSE 300 ETF (outflow of 275 million yuan) [10] ETF Financing and Market Conditions - The financing balance for stock ETFs decreased from 42.3194 billion yuan to 41.9403 billion yuan [12] - The total number of ETFs in the market was 1161, with 942 being stock ETFs [13] - The total market size for ETFs reached 4.106392 trillion yuan, a decrease of 11.934 billion yuan from the previous week [15] - Stock ETFs accounted for 81.1% of the total number of ETFs and 72.6% of the total market size [17] Industry Insights - According to Jiao Yin International, the car market is expected to grow steadily in May due to the old-for-new policy, with a relatively high base from last year [19] - Huaxin Securities anticipates that the automotive sector will exhibit a range-bound pattern, with strong domestic demand but weak external demand [19]

Group 1 - Yike Food has experienced a decline for four consecutive trading days, with a cumulative drop of -2.24% [1] - Yike Food Group is recognized as a leading and rapidly growing large-scale agricultural and livestock food group in China [1] - Guotai Fund's Guotai Zhongzheng Livestock Breeding ETF is among the top ten shareholders of Yike Food and has reduced its holdings in the first quarter of this year [1] Group 2 - The performance of Yike Food in terms of returns shows a year-to-date yield of 2.98%, ranking 1064 out of 3383 in its category [2] - The fund manager of Guotai Zhongzheng Livestock Breeding ETF is Liang Xing, who has extensive experience in fund management [3][4] - Liang Xing has managed various funds since joining Guotai Fund in 2011, with a focus on sectors such as pharmaceuticals and food and beverage [3][4]

4月15日，新希望连续3个交易日下跌，区间累计跌幅-4.69%。新希望六和股份有限公司由"改革先锋"刘永好先生始创于1982年,是一家以现代农牧与食品产 业为主营业务的现代民营企业集团。 财报显示，国泰基金旗下国泰中证畜牧养殖ETF为新希望前十大股东，去年四季度减持。今年以来收益率6.05%，同类排名309(总3442)。 | ○ 基金经理 : 梁杏 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 累计任职时间：8年又313天 任职起始日期：2016-06-08 | | | 基金经理简介:梁杏女士:中国,学士,2007年7月至2011年6月在华安基金管理有限公司担任高 级区域经理。2011年7月加入国泰基金.历任产品品牌经理、研究员、基金经理助理。2016年6 | | | | | | | 现任基金公司：国泰基金管理有限公司 | | | 月至2020年12月任国泰国证医药卫生行业指数分级证券投资基金和国泰国证食品饮料行业指 | | | | | | | | | | 数分级证券投资基金的基金经理,2018年1 ...