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，即诺安多策略混合A，持股增加占比达 0.12%。本期较上一季未再披露的公募基金共计34个，主要包括大摩多因子策略混合、招商中证2000指 数增强A、渤海汇金新动能主题混合A、中证2000、万家创业板综合ETF等。 2025年10月25日，迦南科技(300412.SZ)发布2025年第三季报。截至2025年10月24日，共有2个机构投资 者披露持有迦南科技A股股份，合计持股量达6340.93万股，占迦南科技总股本的12.74%。其中，机构 投资者包括迦南科技集团有限公司、中国建设银行股份有限公司-诺安多策略混合型证券投资基金，机 构投资者合计持股比例达12.74%。相较于上一季度，机构持股比例合计下跌了3.69个百分点。 外资态度来看，本期较上一季未再披露的外资机构即BARCLAYS BANK PLC。 ...

Group 1 - The recent surge in investment sentiment in the A-share market has led to a significant inflow of funds into high-performing funds, with over 400 funds announcing purchase limits since August [1][2] - The fund "Yongying Technology Smart Selection Mixed Fund" has seen its net value growth rate rank first in the market as of September 5, prompting a reduction in daily subscription limits from 1 million to 10,000 yuan to manage investor behavior and fund size [1][2] - The trend of limiting purchases among high-performing funds reflects a shift in the public fund industry towards balancing scale and returns, emphasizing the importance of maintaining investment strategy stability and protecting investor interests [2][3] Group 2 - The rationale behind the purchase limits includes capacity constraints of strategies, where rapid growth in fund size could lead to increased trading costs and reduced flexibility, potentially undermining the original investment logic [2] - The public fund industry is transitioning from a focus on scale expansion to a more refined operational model that prioritizes investor returns, which is expected to enhance the industry's reputation and investor trust over the long term [3] - For ordinary investors, recommended strategies for participating in high-volatility funds include regular investment amounts, setting reasonable target returns, and employing a "core-satellite strategy" for diversified risk management [3]

Core Insights - Jibite (603444.SH) released its 2024 annual report on March 28, 2025, indicating that 46 institutional investors held a total of 10.8147 million A-shares, accounting for 15.01% of the total share capital [1] - The top ten institutional investors collectively held 14.56% of the shares, with a decrease of 1.75 percentage points compared to the previous quarter [1] Institutional Holdings - The number of institutional investors holding Jibite shares is 46, with a total holding of 10.8147 million shares [1] - The top ten institutional investors include notable entities such as Hong Kong Central Clearing Limited and Cathay Fund Management [1] - The proportion of shares held by the top ten institutional investors decreased by 1.75 percentage points from the last quarter [1] Public Fund Activity - One public fund, Ping An Low Carbon Economy Mixed A, increased its holdings, while three funds reduced their holdings, with a total decrease of 0.47% [2] - Eight new public funds disclosed their holdings, including Rongtong Huixin Mixed A and Morgan Stanley ESG Quantitative Mixed [2] - A total of 47 public funds did not disclose their holdings this period, including notable funds like China Europe Internet Mixed A [2] Social Security Fund and Foreign Investment - One social security fund, Cathay Fund Management - Social Security Fund 1102 Combination, increased its holdings by 0.17% [2] - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 1.04% [2]