Northbound funds disclose their holdings, focusing on adding positions in high-growth sectors.

The holding situation of northbound funds in the first quarter of 2026 was announced as scheduled. According to Wind data, overall, compared to the end of the fourth quarter of last year, the scale of northbound funds holding stocks showed a contraction trend, with both the number of shares held and the market value of holdings decreasing. As of the end of the first quarter of 2026, the number of shares held by northbound funds was close to 103.7 billion, a decrease of nearly 4% from the previous quarter, and the number of shares held reached a new low in nearly 5 quarters; at the same time, the market value of holdings was 2.58 trillion yuan, falling to a new low in nearly 3 quarters. In the market environment of the first quarter, northbound funds tended to operate cautiously overall.