Northeast Fund's first quarter holdings disclosure showed significant increases in market value for three major sectors: power equipment, electronics, and communications.

On April 10, the stock holding data for the first quarter of 2026 of the Shanghai-Shenzhen Stock Connect was announced. According to Choice statistics, as of the end of the first quarter of 2026, the Northbound funds held a total of 3,782 stocks, with a total holding volume of approximately 103.682 billion shares. Based on the end-of-quarter stock prices, the total scale of Northbound fund holdings is approximately 2.58 trillion yuan, slightly down from the 2.59 trillion yuan at the end of the fourth quarter of 2025. According to statistics on heavily-held stocks, Northbound funds continue to focus on core assets and leading stocks. As of the end of the first quarter of 2026, Contemporary Amperex Technology Co. Limited (CATL) was the top heavily-held stock by Northbound funds, followed by Kweichow Moutai, Midea Group, China Merchants Bank, Inesa Intelligent, North Huachuang, Zijin Mining, Huichuan Technology, Sinopec Yizhuang, and Ping An Insurance, among others. Compared to the end of 2025, Sinopec Yizhuang is the only new stock that entered the top ten list of Northbound funds' holdings in terms of market value. Since the second half of 2025, Sinopec Yizhuang has continued to attract the attention of Northbound funds, entering the top 20 list of newly-held stocks by Northbound funds in the fourth quarter of 2025. Meanwhile, Luxshare Precision has dropped out of the top ten list.