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歷史首次!騰訊登頂公募基金第一重倉股

公募基金抱團港股,騰訊登頂成爲公募基金頭號重倉股,這也是港股史上首次成爲“榜一大哥”。

騰訊近五年最大的公募基金買家是易方達張坤管理的產品,但最近兩個季度張坤的減持,主要因騰訊股價上漲超出上限導致的被動賣出。

主動權益基金大手筆加倉港股。截至一季度末,主動型基金持有港股重倉股規模爲3140.52億元,較上季度末增加32.20%,港股倉位由14.52%提升至19.10%。

今年一季度,公募重倉市值TOP20的股票中,有5只是港股:騰訊、阿里巴巴-W、中芯國際H股、小米集團、中國移動。

寧德時代退居次席,貴州茅臺重回前三大重倉股。

公募基金重倉股里,都藏着時代的註腳,折射出中國經濟結構轉型的脈絡。

2003-2004年,重化工業時代,中國成爲全球製造業中心,“五朵金花”(鋼鐵、汽車、石化、能源電力、銀行)是最耀眼的存在。

2005-2009年,城鎮化加速,地產產業鏈崛起,銀行、地產成爲彼時的核心資產,煤炭、有色也深深印刻着高增長時代的鮮明烙印。

2012-2016年,經濟轉型升級,新興產業迅速發展,計算機、傳媒行業站在風口之上。

2018年以來,去槓桿給重資產行業帶來重創,科技創新與消費升級,既是突破困境的關鍵,也是未來發展的出路。

2025年,DeepSeek引領中國科技資產價值重估,騰訊、阿里成爲市場的寵兒。

在公募基金重倉股的江湖里,有新賽道崛起,也有舊題材的落幕。有從衆星捧月到無人問津,也有“新貴”持續霸榜。

歲歲年年花相似,年年歲歲人不同。一個時代的落幕,是另一個時代的開始。順大勢,成大器。

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