Overall Fund Positions Rise, Tencent Holdings Tops List, and Kweichow Moutai Reclaims Top-Three Spot
2025-04-23 / Read about 0 minute
Author:小编   

During the first quarter of this year, the A-share market experienced limited volatility. Notably, the DeepSeek effect propelled the market to a strong surge post-Spring Festival. According to TX Investment Consulting data, compared to the end of 2024, the overall equity positions of public funds in the first quarter of this year increased modestly. Specifically, the average positions of stock funds and hybrid funds reached 88.64% and 79.56%, respectively. Remarkably, Tencent Holdings ascended to the top spot among fund holdings for the first time, displacing Contemporary Amperex Technology Co. Limited (CATL) to second place, while Kweichow Moutai reclaimed its position among the top three.

Fund managers generally harbor optimism about the development of sectors such as expanding domestic demand and AI applications in the forthcoming market landscape.