According to the CITIC Securities Research Report, the 2026Q3 public fund quarterly report has been disclosed, but the electronics industry's allocation ratio has declined, but the overallocation ratio is still high, and the concentration of positions has declined significantly. The total market value of funds in the electronics industry was 616.241 billion yuan, down 60.91% from the previous month; the overall and active fund allocation ratios were 32.30% and 35.68%, respectively, down 6.79/6.96 ppts from month to month, and still exceeded 15.02/18.41 ppts respectively. In terms of sub-industries, the share of semiconductor configurations increased 10.35 ppts month-on-month to 82.81%, while the share of components and consumer electronics sectors declined. The total market value of the top 10 heavy stocks was 86.369 billion yuan, accounting for 14.02% of the electronics industry's heavy stock market value, down 13.63 ppts from the previous month. From a fundamental perspective, the upward inflection point for domestic semiconductor equipment/materials and domestic computing power is clear. The power supply, PCB, and storage boom continues to be strong under the global AI trend; there are many early adjustments in end-side AI and domestic computing power, and institutional holdings are low, and it is expected to break out of the independent market.

According to the CITIC Securities Research Report, the 2026Q3 public fund quarterly report has been disclosed, but the electronics industry's allocation ratio has declined, but the overallocation ratio is still high, and the concentration of positions has declined significantly. The total market value of funds in the electronics industry was 616.241 billion yuan, down 60.91% from the previous month; the overall and active fund allocation ratios were 32.30% and 35.68%, respectively, down 6.79/6.96 ppts from month to month, and still exceeded 15.02/18.41 ppts respectively. In terms of sub-industries, the share of semiconductor configurations increased 10.35 ppts month-on-month to 82.81%, while the share of components and consumer electronics sectors declined. The total market value of the top 10 heavy stocks was 86.369 billion yuan, accounting for 14.02% of the electronics industry's heavy stock market value, down 13.63 ppts from the previous month. From a fundamental perspective, the upward inflection point for domestic semiconductor equipment/materials and domestic computing power is clear. The power supply, PCB, and storage boom continues to be strong under the global AI trend; there are many early adjustments in end-side AI and domestic computing power, and institutional holdings are low, and it is expected to break out of the independent market.