Core Insights - Top Group (601689.SH) reported its 2024 annual results, revealing that as of April 23, 2025, 814 institutional investors held a total of 1.344 billion shares, representing 79.73% of the company's total equity [1] - The top ten institutional investors collectively held 68.22% of the shares, with a slight decrease of 1.14 percentage points compared to the previous quarter [1] Institutional Investors - In the public fund sector, 34 funds increased their holdings, with notable funds including Fortune Tianrui Strong Mixed A and Haitong Growth Value Mixed A, accounting for an increase of 0.24% [2] - Conversely, 86 public funds reduced their holdings, with significant reductions from Morgan Dynamic Selected Mixed A and Penghua New Energy Mixed A, representing a decrease of 1.05% [2] - A total of 618 new public funds were disclosed this period, including Dongwu Mobile Internet Mixed A and Huaxia CSI 300 ETF [2] - Additionally, 36 public funds were not disclosed this period, including Yifangda Supply-side Reform Mixed [2] Insurance Capital - In the insurance sector, one insurance company, New China Life Insurance Co., Ltd., reduced its holdings slightly [3] - Two new insurance investors were disclosed, including Taiping Life Insurance Co., Ltd. [3] - One pension fund, Ruizhong Life Insurance Co., Ltd., was not disclosed this period [3]