The latest top heavily held stocks by long-term capital have been revealed; institutions believe that the A-share market’s pullback is an opportunity.

As listed companies’ 2025 annual reports are gradually disclosed, the latest top holdings of long-term capital represented by the Social Security Fund and QFII have been revealed. Among listed companies that have disclosed the top 10 circulating shareholders as of end-2025, 156 listed companies have shown the presence of the Social Security Fund, and 123 listed companies have shown the presence of QFII. Analysts believe that the effect of long- and medium-term funds entering the market has been significant, and the market ecosystem for long-term investment is gradually being improved. After the market adjustment, China’s stock market is showing important bottoming characteristics; the market adjustment itself is an opportunity. It is recommended to actively build positions. (China Securities Journal)

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