The semi-annual reports of A-share listed companies have shed light on the portfolio adjustments made by certain private equity firms managing tens of billions of yuan by the end of June this year. The recently published semi-annual report from Hikvision reveals that two prominent private equity firms, Gaoyi Assets and Chongyang Strategic Investment, each with assets under management surpassing 10 billion yuan, are now among its top ten largest shareholders based on tradable shares. Specifically, Gaoyi Assets holds 113 million shares, while Chongyang Strategic Investment possesses over 110 million shares, marking significant increases from the end of the first quarter. Concurrently, Tensheng Investment, another private equity firm with tens of billions of yuan in assets under management, also emerged among the top ten largest shareholders in terms of tradable shares for Jwsmart, a company operating in the computer sector, by the end of the second quarter. Since July, the technology sector has experienced heightened volatility. The question arises: Will the private equity firms with tens of billions of yuan in assets under management, which aggressively increased their holdings in the first half of the year, maintain their positions in technology stocks? The reporter discovered that several leading private equity firms have opted to diversify their portfolio allocations to mitigate short-term risks. Nevertheless, from a medium- to long-term standpoint, several industry insiders from private equity firms managing tens of billions of yuan assert that the trends and fundamentals of the technology industry remain robust. Hard technology sectors, characterized by solid performance support and promising growth prospects, will persist as key areas for ongoing tracking and strategic positioning.