Stock Private Equity Position Index Continues to Rise, Top Institutions Show Strong Willingness to Increase Positions

Recently, the private equity stock position index has continued to rise. According to the latest data released by Private Equity Data Network, as of March 6, 2026 (due to compliance and disclosure reasons, the net value and position measurement data of private funds are relatively lagging), the private equity stock position index has climbed to 82.64%. This index not only returned above 80% after three weeks but also hit a new high in nearly 10 weeks and approached the high of 83.59% in the past year.

In terms of position distribution, private fund managers are further concentrating their holdings at high levels. Among them, private equity funds with over 80% positions increased significantly to 66.34%, becoming the main force driving the overall position index upward; private equity funds with positions between 50% and 80% slightly increased to 21.81%. In contrast, private equity funds with positions between 20% and 50% and those below 20% both declined. This trend of “increased high positions and decreased low positions” clearly reflects the current widespread optimism among private fund managers and their active addition of positions.

Li Chunyu, FOF fund manager at Shenzhen Rongzhi Private Equity Securities Investment Fund Management Co., Ltd., told Securities Daily: “The recent increase in private fund positions is the result of multiple positive factors working together: First, policy dividends continue to be released, with new productive forces and other key development directions providing clear layout guidance for high-end manufacturing, artificial intelligence, and other sectors; second, market sentiment has warmed, with a general view that the previous adjustments are largely complete, and external market disturbances are weakening, while the profitability of domestic enterprises driven by industrial upgrades is gradually becoming more certain; third, institutional funds are accelerating their entry, providing ample liquidity for the market. Coupled with the decline in risk-free rates, this further highlights the allocation value of equity assets, prompting private fund managers to actively increase their positions to seize structural market opportunities.”

Data shows that private fund managers with a management scale of over 5 billion yuan are leading in overall position levels. As of March 6, private equity funds managing between 5 billion and 10 billion yuan had a position index as high as 89.54%, significantly ahead of private funds in other management scale ranges; private equity funds managing over 10 billion yuan increased their positions the most, with the index rising more than 10 percentage points in a single week and hitting a new high in nearly 11 weeks.

Further examining the position structure of private funds managing over 10 billion yuan, the willingness to add positions is particularly strong. Data shows that as of March 6, private equity funds of this size with over 80% positions accounted for 70.71%, those with positions between 50% and 80% increased slightly to 24.01%, and the combined proportion of funds with low or zero positions has fallen below 6%. This indicates that leading private funds are generally at high levels of holdings.

In addition to actively increasing positions, private funds managing over 10 billion yuan are also generally optimistic about the market outlook. A relevant person in charge at Beijing XingShi Investment Management Co., Ltd. told Securities Daily: “In the short term, external factors related to overseas markets still influence the A-share market. From a medium-term perspective, during this round of volatility, the A-shares have shown greater resilience compared to other major economies, highlighting the advantages of Chinese assets in uncertain environments. As more industries’ profitability gradually improves, fundamentals will increasingly outweigh valuations, becoming the core driver of A-share market performance.”