Number of publicly offered exclusive stocks sharply decreases; most are highly flexible assets

MetaMuskRat · 2026-04-02T03:50:05+00:00

People's Finance News, April 2 — Public fund annual reports for 2025 have all been disclosed. In an industry landscape where the trend of institutional clustering continues to deepen, exclusive stocks have become an important window into the differentiated investment strategies of fund managers. Wind data shows that by the end of 2025, the number of exclusive stocks in the entire market decreased by about 30% compared to mid-year, with overall holdings' market value generally low, but exhibiting a tendency for fund managers to prefer high-elasticity assets. In stark contrast, the phenomenon of institutional clustering around core popular assets has further intensified. (China Securities Journal)

MetaMuskRat

2026-04-02 03:50:05

People’s Finance and News, April 2—All publicly offered fund 2025 annual reports have been fully disclosed. Under an industry structure in which the trend of institutions clustering around the same trades continues to deepen, individual proprietary stocks have become an important window for examining fund managers’ differentiated investment approaches. Wind data shows that by the end of 2025, the number of all publicly offered fund proprietary stocks across the market had been reduced by about 30% compared with mid-year. Their market values held are generally on the low side, but they display a tendency for fund managers to favor more high-volatility instruments. In sharp contrast, the phenomenon of institutions clustering further intensifies around core popular securities. (China Securities Journal)

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