The latest list of insurance capital's heavy holdings is released: 38 stocks are newly added to the insurance capital's significant positions.

People’s Finance Network, April 3—As listed companies’ annual reports are disclosed one after another, the latest insurance-fund heavily held stocks are coming to light. Statistics show that as of the end of Q4 2025, a total of 193 individual stocks have insurance funds appearing in the list of the top ten circulating shareholders. Based on the closing prices at the end of Q4 2025, the combined value of holdings totals 1.47 trillion yuan. By industry, insurance funds’ holding market value is highest in the two financial sectors—non-bank financial institutions and banking—reaching 14.7k yuan and 907.69B yuan, respectively. In addition, in four industries—telecommunications, non-ferrous metals, power equipment, and automobiles—insurance funds’ holding market value is above 10 billion yuan. After excluding bank and non-bank financial institutions stocks, 27 stocks have an insurance-fund holding market value exceeding 1 billion yuan. Among them, China Unicom, China Telecom, and Zijin Mining have the largest holding market values, reaching 438.31B yuan, 16.3B yuan, and 7.37B yuan, respectively. Statistics show that 38 stocks that insurance funds newly entered as heavy holdings in Q4 2025 have the largest holding market values in Bank of Communications, Xin’ao Shares, and China Merchants, reaching 7.18B yuan, 4.86B yuan, and 1.84B yuan, respectively.