中证报中证网讯(记者万宇)国泰海通证券研究所近期发布的《国泰海通证券-基金超额收益排行榜》显 示，截至10月31日，成立逾22年的老牌公募基金管理公司金鹰基金旗下，强股混合型基金金鹰核心资源 混合A、灵活混合型基金金鹰红利价值混合A、主动股票开放型基金金鹰科技创新股票A和偏股混合型 基金金鹰中小盘精选混合A四只产品，在近三年、近五年的时间维度中，超额收益排名均跻身同期同类 可比基金前5%，展现出中长期较为出色的主动管理能力。 为切实提升持有人的获得感，金鹰基金近年来持续加强投研能力建设，努力提高研究水平和投资决策的 科学性，争取为持有人带来较好的投资回报。 金鹰基金始终不忘"受人之托，代客理财"的资管初心，坚持以"为投资者奉献领先市场平均水平的投资 回报"为根本，长短期均有较为出色的表现。基金三季报数据显示，截至9月30日，金鹰基金公募资产管 理规模为750.06亿元，创近年来新高。金鹰基金通过引进行业精英、自主培养等多种方式，不断充实团 队实力，在坚持价值投资的基础上，鼓励基金经理形成多元化的投资风格，将产品契约与基金经理风格 有机结合，强化产品投资风格的稳定性，逐步形成了风险收益特征多元、投资研究体系有机 ...

Core Insights - He Lin Micro-Nano (688661.SH) reported its Q3 2025 results, revealing that as of October 29, 2025, 10 institutional investors held a total of 14.0526 million shares, representing 9.25% of the company's total share capital [1] - The top ten institutional investors include notable entities such as Suzhou Heyang Management Consulting Partnership, Industrial and Commercial Bank of China, and several funds managed by Ping An [1] - Compared to the previous quarter, the total holding percentage of the top ten institutional investors decreased by 1.37 percentage points [1] Fund Holdings - Among public funds, only one fund, Jin Ying Core Resource Mixed A, increased its holdings, while two funds, Jin Ying National Emerging Mixed A and Jin Ying Small and Medium Cap Selected Mixed A, reported a slight decrease in holdings [2] - Two new public funds, Guangfa CSI 2000 ETF and Penghua Hongxin Mixed A, were disclosed this quarter [2] - A total of 132 public funds were not disclosed this quarter, including Jin Ying Dividend Value Mixed A and Huashang Selected Return Mixed A [2]

Core Viewpoint - The A-share market experienced a slight decline after reaching the historical high of 3731 points in 2021, raising questions about investment opportunities and strategies for those who bought funds at that peak [1][4]. Market Performance - The three major indices in the A-share market closed lower today, with a trading volume close to 2.6 trillion yuan. Sectors such as liquor, real estate, and automobiles led the gains, while insurance and brokerage sectors saw a pullback [3][4]. - Analysts suggest that significant trading volume often leads to high volatility, and the current market remains active with no clear signs of capital withdrawal [3]. Fund Performance Since 2021 - Funds purchased at the 3731-point peak have shown varied performance, with some funds gaining over 200% since then. However, many investors are still waiting to break even [4][6]. - As of August 2025, the market has returned to around 3700 points, but many individual stocks have not recovered to their previous highs, indicating a disparity between index performance and individual stock performance [8]. Strategies for Investors - For investors whose funds have not yet returned to break-even, it is advised to maintain a rational approach and consider shifting from chasing hot stocks to a balanced allocation strategy. This includes dynamic adjustments to portfolios and setting stop-loss limits [9][12]. - Dollar-cost averaging through systematic investment plans can help reduce costs over time, especially during market downturns [9][10]. Market Outlook - The current market is characterized as a "healthy bull" market, supported by government policies and increasing capital inflows. This environment is expected to foster continued market confidence and potential upward movement [12][13]. - Investors are encouraged to adopt a balanced approach, using a "core-satellite" strategy to manage risk and avoid overexposure to any single investment [16][18].