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

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Reporter: Chang Xiaoyu

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

In terms of position distribution, private equity institutions are further concentrating their holdings at high levels. Among them, private equity with over 80% positions increased significantly to 66.34%, becoming the main force driving the overall position index upward; private equity with positions between 50% and 80% slightly increased to 21.81%. In contrast, private equity with positions between 20% and 50%, and below 20%, both declined. This trend of “higher position share increasing, lower position share decreasing” clearly reflects that private equity firms are generally optimistic and actively increasing their holdings.

Li Chunyu, FOF Fund Manager at Shenzhen Rongzhi Private Equity Securities Investment Fund Management Co., Ltd., told Securities Daily: “The recent increase in private equity holdings is the result of multiple positive factors working together: First, policy dividends continue to be released, with new productive forces as key development directions, providing clear layout guidance for high-end manufacturing, artificial intelligence, and other sectors; Second, market sentiment has improved, with a general view that the previous adjustments are sufficient, and external market disturbances are weakening, while the profitability of enterprises driven by domestic 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 value of equity assets, prompting private equity firms to actively increase their positions to seize structural market opportunities.”

Data shows that private equity firms managing over 5 billion yuan in assets have leading overall position levels. As of March 6, private equity with management scales between 5 billion and 10 billion yuan had a position index as high as 89.54%, significantly ahead of other private equity management scale segments; private equity managing over 10 billion yuan increased their holdings the most, with the position index rising more than 10 percentage points in a single week, reaching a nearly 11-week high.

Further examining the position structure of private equity firms with over 10 billion yuan, the willingness to increase holdings is particularly strong. Data shows that as of March 6, private equity with over 80% positions accounted for 70.71%, those with positions between 50% and 80% increased slightly to 24.01%, while the combined share of private equity with low or zero positions is less than 6%. This indicates that leading private equity firms are generally at high levels of holdings.

In addition to actively increasing positions, private equity firms 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, overseas factors still influence the A-share market. From a medium-term perspective, during this round of volatility, A-shares have shown greater resilience compared to other major economies, highlighting China’s asset advantages in uncertain environments. As more industry profits gradually improve, fundamental factors will eventually surpass valuation considerations and become the core drivers of A-share market performance.”