本报告导读:2025Q4 主动基金大幅减仓A 股和港股,增配方向在周期与金融等价值股,有色/非银是加仓共识,科技内部分化,AI硬件基建被增配,TMT/医药/军工被减仓。投资要点:主动基金风格 轮动,增配大盘周期金融股。2025Q4主动偏股基金重仓市值环比-1956.5 亿元至3.38 万亿元,股票仓位环比降至84.2%,持仓集中度CR20 环比+0.2%。板块上,主动基金继续增配创业板,减配主板和...
Source Link本报告导读:2025Q4 主动基金大幅减仓A 股和港股,增配方向在周期与金融等价值股,有色/非银是加仓共识,科技内部分化,AI硬件基建被增配,TMT/医药/军工被减仓。投资要点:主动基金风格 轮动,增配大盘周期金融股。2025Q4主动偏股基金重仓市值环比-1956.5 亿元至3.38 万亿元,股票仓位环比降至84.2%,持仓集中度CR20 环比+0.2%。板块上,主动基金继续增配创业板,减配主板和...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.