As the disclosure of the three quarterly reports of public funds and listed companies came to an end, the hidden holdings of active equity funds with a scale of over 10 billion yuan officially surfaced. The Securities Times Fund Research Institute combed through and found that among the 10 billion funds led by star fund managers such as Yan Kai, Fang Jian, and Gu Lan, more than 120 individual shares did not enter the top ten heavy-held stocks in any of the 10 billion fund's three-quarter reports, yet they were still heavily held by a single fund. Of these, the market value of 13 individual fund holdings exceeded 500 million yuan. Looking further, performance certainty has become the core screening measure for this batch of hidden positions: out of 38 stocks with a shareholding ratio of more than 2% in the 10 billion fund, individual stocks accounting for 86.84% not only achieved profits in the first three quarters, but also achieved year-on-year revenue growth. At the same time, 42 new hidden holdings in the third quarter spanned 11 Shenwan Tier 1 industries, and the market value of power equipment and mechanical equipment holdings ranked in the top two, indicating that the 10 billion dollar fund is shifting from concentrated betting on a single track to a balanced allocation of smooth fluctuations by broadening the distribution of the industry.

As the disclosure of the three quarterly reports of public funds and listed companies came to an end, the hidden holdings of active equity funds with a scale of over 10 billion yuan officially surfaced. The Securities Times Fund Research Institute combed through and found that among the 10 billion funds led by star fund managers such as Yan Kai, Fang Jian, and Gu Lan, more than 120 individual shares did not enter the top ten heavy-held stocks in any of the 10 billion fund's three-quarter reports, yet they were still heavily held by a single fund. Of these, the market value of 13 individual fund holdings exceeded 500 million yuan. Looking further, performance certainty has become the core screening measure for this batch of hidden positions: out of 38 stocks with a shareholding ratio of more than 2% in the 10 billion fund, individual stocks accounting for 86.84% not only achieved profits in the first three quarters, but also achieved year-on-year revenue growth. At the same time, 42 new hidden holdings in the third quarter spanned 11 Shenwan Tier 1 industries, and the market value of power equipment and mechanical equipment holdings ranked in the top two, indicating that the 10 billion dollar fund is shifting from concentrated betting on a single track to a balanced allocation of smooth fluctuations by broadening the distribution of the industry.