Chinese mutual funds stay heavily exposed to AI technology stocks
TMTPost reports that Chinese active equity funds remained heavily concentrated in electronics and communications in Q3 2026, with leading holdings including Zhongji Innolight, Eoptolink and WuXi AppTec. Tianxiang Investment Consulting put their combined heavy-position weight at 51.69%, while Orient Securities and Guosen Securities estimated about 52.02% and 50.6%, respectively, despite a sharp adjustment in technology shares. Orient Securities found that some weight declines were price-driven rather than active selling, while Guosen still reported active underweighting.
The figures show that AI-related technology exposure remained concentrated across Chinese mutual funds even as the sector fell, while differences in methodology limit conclusions about whether funds actually reduced their positions.
（本文作者为 文武赵，钛媒体经授权发布）
文 | 文武赵
2026年三季度，中国公募基金的重仓名单再次出现了熟悉的名字。
中际旭创、新易盛、药明康德、长鑫科技、源杰科技、东山精密、宁德时代、寒武纪、北方华创……这些公司构成了主动权益基金最集中的持仓阵容。
其中，电子和通信两个行业，占据了主动权益基金A股重仓股市值的一半以上。
天相投顾统计显示，截至9月底，电子行业的重仓占比为36.48%，通信为15.21%，合计51.69%。不同机构样本有所差异，东方证券测算的占比为52.02%，国信证券口径则约为50.6%。共同指向一个事实：中国主动基金的股票配置，已经高度集中在少数产业方向。
#Zhongji Innolight#Eoptolink#WuXi AppTec#CXMT#Yuanjie Technology#Dongshan Precision#CATL#Cambricon#NAURA