Average Equity Private Fund Positions Break Through 78%, Reaching Year-to-Date High

　　Exclusively learned by a reporter from a third-party institution, as of the week ending September 12, the average position of domestic equity private fund institutions rose above 78%, reaching the highest level since the beginning of this year; the average position of billion-yuan-level equity private funds also increased significantly month-on-month.

　　According to data from Simuwang, as of September 12, the average position of equity private fund institutions across the market was 78.04%, an increase of 2.96 percentage points from the previous week, reaching the highest level since the beginning of the year and matching the previous high recorded in early April. Specifically, the proportion of private funds with heavy or full positions (positions greater than 80%) rose significantly to 60.02%, an increase of 5.81 percentage points from the previous week; the proportion of private funds with empty positions fell to 5.08%, a decrease of 0.77 percentage points month-on-month.

　　Looking at private funds of different sizes, as of September 12, the average position of billion-yuan-level equity private funds was 78.22%, a sharp increase of 11.11 percentage points from the previous week, with position fluctuations significantly greater than the industry average. The average position of private funds with sizes between 5 billion and 10 billion yuan was as high as 86.49%, making them the group with the highest average position among all categories of private funds. The average position of small private funds with sizes below 500 million yuan also reached 78.85%, indicating that private fund institutions of various sizes generally maintain high position operations.