随着A股上市公司和公募基金2025年年报的陆续披露，社保基金、QFII、企业年金等长线资金的持仓情况得以曝光。
From the disclosure of annual reports of A-share listed companies and public funds in 2025, the holdings of long-term funds such as social security funds, QFII, and enterprise annuities have been revealed.
从布局情况来看，长线资金不仅买入高端制造、医药、化工等行业龙头股，还“扫货”众多宽基ETF和成长风格主题ETF，双管齐下发力配置权益资产。
In terms of allocation, long-term funds not only buy leading stocks in high-end manufacturing, pharmaceuticals, and chemicals but also aggressively purchase broad-based ETFs and growth-style thematic ETFs, deploying equity assets through a dual approach.
梳理已披露的上市公司年报可见，截至4月7日，社保基金、QFII、企业年金现身400家A股上市公司的前十大流通股股东名单中。
A review of disclosed annual reports shows that as of April 7, social security funds, QFII, and enterprise annuities appeared among the top ten circulating shareholders in 400 A-share listed companies.
从长线资金持仓标的看，主要分布在高端制造、医药、有色金属、化工等板块。
In terms of long-term holdings, the main allocations are in high-end manufacturing, pharmaceuticals, non-ferrous metals, and chemicals.
具体来看，在高端制造领域，包括浙江黎明、中超控股、运达股份、三一重工、星网锐捷、宏发股份等。
Specifically, in the high-end manufacturing sector, companies include Zhejiang Liming, Zhongchao Holdings, Yunda Shares, Sany Heavy Industry, Xingwang Ruijie, Hongfa Shares, and others.
在医药生物领域，长线资金持有国药股份、迈瑞医疗、泰格医药、沃森生物、丽珠集团等。
In the pharmaceutical and biotech sector, long-term funds hold stocks such as China National Pharmaceutical Group, Mindray Medical, Tigermed, Watson Bio, and Livzon Group.
化工板块的关注度同样高企。
The chemical sector also attracts high attention.
在卫星化学、皖维高新、华峰化学、华鲁恒升等行业龙头公司的前十大流通股股东中，频现长线资金身影。
In the top ten circulating shareholders of industry leaders like Satellite Chemical, Wanwei High-tech, Huafeng Chemical, and Hualu Hengsheng, long-term funds frequently appear.
此外，云南铜业、江西铜业、云铝股份、金钼股份等有色领域标的也被长线资金持有。
Additionally, long-term funds also hold positions in non-ferrous metal companies such as Yunnan Copper, Jiangxi Copper, Yunnan Aluminum, and China Molybdenum.
值得注意的是，部分次新股也被长线资金抱团持有。
It is worth noting that some recently listed stocks are also collectively held by long-term funds.
上場企業トップ10の流通株主リストに400社が登場 「買い漁り」数百のETF 長期資金が二重の戦略で権益資産を増強
随着A股上市公司和公募基金2025年年报的陆续披露，社保基金、QFII、企业年金等长线资金的持仓情况得以曝光。
From the disclosure of annual reports of A-share listed companies and public funds in 2025, the holdings of long-term funds such as social security funds, QFII, and enterprise annuities have been revealed.
从布局情况来看，长线资金不仅买入高端制造、医药、化工等行业龙头股，还“扫货”众多宽基ETF和成长风格主题ETF，双管齐下发力配置权益资产。
In terms of allocation, long-term funds not only buy leading stocks in high-end manufacturing, pharmaceuticals, and chemicals but also aggressively purchase broad-based ETFs and growth-style thematic ETFs, deploying equity assets through a dual approach.
梳理已披露的上市公司年报可见，截至4月7日，社保基金、QFII、企业年金现身400家A股上市公司的前十大流通股股东名单中。
A review of disclosed annual reports shows that as of April 7, social security funds, QFII, and enterprise annuities appeared among the top ten circulating shareholders in 400 A-share listed companies.
从长线资金持仓标的看，主要分布在高端制造、医药、有色金属、化工等板块。
In terms of long-term holdings, the main allocations are in high-end manufacturing, pharmaceuticals, non-ferrous metals, and chemicals.
具体来看，在高端制造领域，包括浙江黎明、中超控股、运达股份、三一重工、星网锐捷、宏发股份等。
Specifically, in the high-end manufacturing sector, companies include Zhejiang Liming, Zhongchao Holdings, Yunda Shares, Sany Heavy Industry, Xingwang Ruijie, Hongfa Shares, and others.
在医药生物领域，长线资金持有国药股份、迈瑞医疗、泰格医药、沃森生物、丽珠集团等。
In the pharmaceutical and biotech sector, long-term funds hold stocks such as China National Pharmaceutical Group, Mindray Medical, Tigermed, Watson Bio, and Livzon Group.
化工板块的关注度同样高企。
The chemical sector also attracts high attention.
在卫星化学、皖维高新、华峰化学、华鲁恒升等行业龙头公司的前十大流通股股东中，频现长线资金身影。
In the top ten circulating shareholders of industry leaders like Satellite Chemical, Wanwei High-tech, Huafeng Chemical, and Hualu Hengsheng, long-term funds frequently appear.
此外，云南铜业、江西铜业、云铝股份、金钼股份等有色领域标的也被长线资金持有。
Additionally, long-term funds also hold positions in non-ferrous metal companies such as Yunnan Copper, Jiangxi Copper, Yunnan Aluminum, and China Molybdenum.
值得注意的是，部分次新股也被长线资金抱团持有。
It is worth noting that some recently listed stocks are also collectively held by long-term funds.
(上海证券报)