Group 1 - Top Group (601689.SH) reported its Q1 2025 results, with 191 institutional investors holding a total of 1.223 billion shares, representing 70.35% of the total share capital [1] - The top ten institutional investors collectively hold 66.54% of the shares, with a decrease of 1.68 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 48 funds increased their holdings, accounting for 0.64% of the total, while 63 funds decreased their holdings, representing a decrease of 0.56% [2] - A total of 64 new public funds disclosed their holdings, while 623 funds did not disclose their holdings in the current period [2] Group 3 - One new social security fund disclosed its holdings in Top Group, specifically the National Social Security Fund 104 Portfolio [3] - One insurance fund decreased its holdings, while one new insurance investor disclosed its holdings in the current period [3]

Group 1 - The core viewpoint of the news is the disclosure of the annual report for 2024 by Xiaogoods City, highlighting significant institutional ownership and changes in shareholding among public funds and social security funds [1][2] Group 2 - As of March 26, 2025, a total of 71 institutional investors hold shares in Xiaogoods City, with a combined holding of 3.712 billion shares, representing 67.70% of the total share capital [1] - The top ten institutional investors account for 64.42% of the total shares, with a slight decrease of 0.68 percentage points compared to the previous quarter [1] - In the public fund sector, two funds reduced their holdings, accounting for a decrease of 0.13%, while three new public funds were disclosed [2] - One social security fund, the National Social Security Fund 110 Portfolio, also reported a decrease in holdings by 0.26% compared to the previous quarter [2]