公募基金方面，本期较上一期持股增加的公募基金共计3个，包括东方阿尔法优选混合A、前海开源盛 鑫混合A、同泰竞争优势混合A，持股增加占比达0.52%。本期较上一季度新披露的公募基金共计1个， 即浙商智选领航三年持有期A。本期较上一季未再披露的公募基金共计36个，主要包括前海开源嘉鑫混 合A、华富科技动能混合A、鹏华创新未来混合(LOF)、中航趋势领航混合发起A、中银证券精选行业股 票A等。 2025年10月31日，福莱新材(605488.SH)发布2025年第三季报。截至2025年10月30日，共有8个机构投资 者披露持有福莱新材A股股份，合计持股量达2732.47万股，占福莱新材总股本的9.75%。其中，机构投 资者包括嘉兴市进取企业管理合伙企业(有限合伙)、江苏银创资本管理有限公司-银创源通清泉3号私募 证券投资基金、香港中央结算有限公司、招商银行股份有限公司-东方阿尔法优选混合型发起式证券投 资基金、前海人寿保险股份有限公司-分红保险产品、前海开源盛鑫混合A、同泰竞争优势混合A、浙商 智选领航三年持有期A，机构投资者合计持股比例达9.75%。相较于上一季度，机构持股比例合计下跌 了1.49个百分点。 ...

Core Insights - Xiangcai Co., Ltd. (600095.SH) reported its Q3 2025 results, revealing that 13 institutional investors hold a total of 2.072 billion shares, accounting for 72.46% of the company's total equity [1] Institutional Holdings - The top ten institutional investors collectively hold 72.45% of Xiangcai's shares, with a slight increase of 0.03 percentage points compared to the previous quarter [1] - Major institutional investors include Xinhu Holdings Co., Ltd., Zhejiang Caishang Industrial Holdings Co., Ltd., and others [1] Public Fund Activity - Two public funds increased their holdings, namely Guotai CSI All-Share Securities Company ETF and Huabao CSI All-Share Securities Company ETF, with an increase ratio of 0.61% [2] - Two public funds reduced their holdings, including Southern CSI 500 ETF and Manulife Stable Mixed Fund, showing a slight decline [2] - Three new public funds were disclosed, including Haitai Baicheng Jinrui Bond A, Haitai Baicheng Jinhua Bond A, and Haitai Baicheng Ansheng One-Year Holding Period Bond A [2] - A total of 123 public funds were not disclosed in the current period, including Southern CSI All-Share Securities Company ETF and others [2] Social Security Fund and Foreign Investment - One new social security fund disclosed its holdings in Xiangcai, specifically the National Social Security Fund 117 Portfolio [3] - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.17% compared to the previous quarter [3] - UBS AG was not disclosed in the current period [3]

公募基金方面，本期较上一季未再披露的公募基金共计28个，主要包括兴全绿色投资混合(LOF)、华商 优势行业混合A、海富通先进制造股票C、鹏华创新未来混合(LOF)、中证2000等。 2025年10月29日，新开普(300248.SZ)发布2025年第三季报。截至2025年10月28日，共有1个机构投资者 披露持有新开普A股股份，合计持股量达1857.78万股，占新开普总股本的3.90%。其中，机构投资者包 括上海云鑫创业投资有限公司，机构投资者合计持股比例达3.90%。相较于上一季度，机构持股比例合 计下跌了0.91个百分点。 ...

Group 1 - Feilong Automotive Parts Co., Ltd. was established in 1952 and has over 60 years of experience in manufacturing automotive parts, making it an important base for automotive components in China and a key export base in Henan Province [1] - The stock of Feilong shares hit the daily limit down on August 21 [1] - Penghua Fund's Penghua Innovation Future Mixed Fund (LOF) entered the top ten shareholders of Feilong shares in the second quarter of this year, holding a 0.43% stake, with a year-to-date return of 35.30%, ranking 674 out of 4,492 in its category [1] Group 2 - Yan Siqian and Wang Zijian are the fund managers of the Penghua Innovation Future Mixed Fund [3] - Yan Siqian has a master's degree and has held various positions in securities and fund management, joining Penghua Fund in January 2022 [3][4] - Wang Zijian, also with a master's degree, joined Penghua Fund in November 2022 after working at Jiashi Fund Management [5] Group 3 - Penghua Fund Management Co., Ltd. was established in December 1998, with major shareholders including Guoxin Securities Co., Ltd. (50%) and Eurizon Capital SGR S.P.A (49%) [5]

Core Viewpoint - The appointment of Wang Zijian as a new fund manager for Penghua Innovation Future (LOF) raises expectations among investors for a turnaround after significant losses since its inception, with hopes for new investment strategies to improve performance [1][9][17]. Fund Manager Change - Wang Zijian has been appointed as a co-manager alongside Yan Siqian, effective July 9, 2025 [2][3]. - Wang has 10 years of experience in the securities industry and previously managed funds at Harvest Fund Management [1][5]. Fund Performance - Since its establishment on September 30, 2020, Penghua Innovation Future has reported a total return of -46.60%, significantly underperforming its benchmark [9][11]. - The fund has experienced a total investment loss of 3.411 billion yuan, contrasting sharply with the 217 million yuan in management fees collected during the same period [11]. - Recent performance shows a recovery with a one-year return of 51.92%, indicating potential for regaining investor confidence [13][15]. Investment Strategy and Focus - Wang Zijian is expected to bring a new perspective and investment methodology, focusing on technology and growth sectors, which may enhance portfolio management efficiency [5][17]. - The dual-manager model aims to leverage the strengths of both managers in technology growth, potentially improving stock selection and risk management [17]. Historical Context - The fund has faced challenges with previous managers, with returns of -44.73% and -3.38% under different management periods, both failing to outperform benchmarks [11]. - The fund's investor base has shrunk from 2.866 million accounts and 11.999 billion yuan in assets to 971,000 accounts and 2.176 billion yuan by the end of the previous year [11].

Group 1 - Zhongke Lanyun (688332.SH) reported its Q1 2025 earnings on April 30, 2025, with 51 institutional investors holding a total of 55.099 million shares, representing 45.80% of the total share capital [1] - The top ten institutional investors collectively hold 41.46% of the shares, with a 1.43 percentage point increase compared to the previous quarter [1] Group 2 - In the public fund sector, 26 funds increased their holdings, accounting for 2.83% of the total, including notable funds such as Xinao New Energy Industry Stock and Xinao Leading Intelligent Selection Mixed Fund [2] - Three public funds decreased their holdings, showing a slight decline, while 16 new public funds were disclosed this period [2] - A total of 191 public funds were not disclosed in this period, indicating a significant turnover in the public fund landscape [2]