↑点击上面图片 加雪球核心交流群 ↑ 下面是四只基金的清单，三只是老面孔。 | સ્ત્રેસ | 证券名称 | 基金成立日 | 基金经理 | 基金规模(亿元) | | | --- | --- | --- | --- | --- | --- | | 001917.OF | 招商量化精选A | 2016-03-15 | 王平 | | 63.44 | | 005443.OF | 国金量化多策略A | 2018-02-01 | 马芳,姚加红 | | 40.67 | | 018728.OF | 华夏智胜新锐A | 2023-07-07 | 孙蒙 | | 19.39 | | 016466.OF | 国泰海通量化选股A | 2022-08-18 | 胡崇海 | | 14.12 | | | | | | 日日 12 | | 拉这份数据时，也不由得唏嘘。我最早在2021年选中招商量化精选时，规模应该还没过10亿元，没想到近年哪怕严格限购，规模也到了63.44亿 元。虽然当年王平说理想规模在10亿元，但这些年业绩依然挺能打，不知道是策略有提升，还是A股交投活跃提供了更大的策略空间。 下表是这四只基金的逐年表现，可以看到王平的招商 ...

Core Insights - Public fund subscription restrictions have been adjusted in November, allowing institutional clients to purchase or make large subscriptions for high-performing products with over 10% net value growth this year [1][2] - The adjustments reflect a positive outlook on the A-share market, with fund companies believing that quality assets are currently undervalued and present high investment value [2] Group 1: Fund Performance and Adjustments - Ten funds, including E Fund Rui Xiang Mixed I and Guojin Quantitative Multi-Strategy A, have lifted restrictions on large subscriptions due to their net value growth exceeding 10% this year [1] - For instance, Changcheng Fund announced the resumption of large subscriptions for Changcheng Medical Industry Selected Mixed Fund, which has a year-to-date net value growth rate of 78.68% as of November 7 [1] Group 2: Market Sentiment and Strategy - The lifting of subscription limits indicates fund managers' confidence in their research capabilities and the ability to capture structural opportunities in the market [2] - Recently relaxed funds are primarily active equity funds with medium to high elasticity, alongside some quantitative strategy products, focusing on balanced allocation and low volatility [2] Group 3: Investment Strategies - Investors are advised to consider the past management capabilities of fund managers and the stability of performance post-expansion [2] - It is recommended to align investments with personal risk preferences, as products in sectors like pharmaceuticals and quantitative strategies may exhibit higher volatility [2] - Caution is advised regarding "scale traps," where a rapid increase in fund size could impact strategy effectiveness, necessitating ongoing monitoring of size changes [2]

Group 1 - The core point of the article is that Gu Di Technology (002694.SZ) reported its Q3 2025 results, highlighting significant institutional investment in the company [1] - As of October 28, 2025, three institutional investors hold a total of 269 million shares of Gu Di Technology, representing 35.30% of the company's total equity [1] - The institutional holding ratio increased by 0.63 percentage points compared to the previous quarter [1] Group 2 - The institutional investors include Wanyang Group Co., Ltd., Shanxi Shengnong Investment Co., Ltd., and Shanghai Tiange Investment Management Co., Ltd. - Tiange Zixu Private Fund [1] - In the public fund sector, 20 public funds were not disclosed in the current period compared to the previous quarter, including Huaxia Zhisheng Pioneer Stock (LOF) A, Huaxia Zhisheng New Star Stock A, and several others [1]

Group 1 - The core viewpoint of the news is the disclosure of institutional and foreign investment holdings in Zhongjie Precision Engineering (301072.SZ) as of October 24, 2025, highlighting a slight decrease in institutional ownership compared to the previous quarter [1] Group 2 - As of October 24, 2025, six institutional investors hold a total of 24.76 million shares of Zhongjie Precision Engineering, representing 23.57% of the total share capital, with a decrease of 0.11 percentage points from the previous quarter [1] - The institutional investors include Wuxi Puxian Investment Partnership, Wuxi Dongming Tianyu Investment Partnership, Wuxi Baoning Investment Partnership, Wuxi Xuantong Investment Partnership, Shanghai Qianying Investment Management Co., Ltd., and J.P. Morgan Securities PLC [1] - In the public fund sector, 32 public funds were disclosed this period, including notable funds such as Nuoan Multi-Strategy Mixed A and Guojin Quantitative Multi-Factor A [1] Group 3 - From the foreign investment perspective, one new foreign institution, J.P. Morgan Securities PLC, has disclosed its holdings this quarter [2]

Core Insights - The article highlights the positive performance of equity funds in the second half of the year, with many fund managers showcasing their personal investment gains, leading to increased investor interest [1][2]. Fund Manager Performance - Over 20 public fund managers have shared their real-time investment data, with most reporting profits; the highest cumulative gain exceeds 1.04 million yuan [1][3]. - Notable fund managers include Yao Jiahong from Guojin Fund, whose total investment amount reached 4.05 million yuan with a cumulative profit of 1.048 million yuan [3][4][5]. - Other fund managers, such as Ma Fang from Guojin Fund, reported a total investment of 1.9422 million yuan with a cumulative profit of 587,000 yuan [5]. Investment Strategies - Fund managers suggest employing a contrarian approach during market adjustments, advocating for strategies like dollar-cost averaging and profit-taking at highs [1][12]. - The innovative drug sector is highlighted as a promising investment area, with expectations of continued growth driven by policy support and market demand [12]. Market Conditions - The article notes that despite some funds still being in a loss position, many have achieved significant gains in the recent market rally [7][9]. - The overall market environment remains favorable for small-cap growth stocks, with ample liquidity present [13].