huangshitao@執(zhí)業(yè)證書：S0600522100001（近10年百分比排位分別為0%、33%、21%環(huán)比上一季度分別-《短期經(jīng)濟(jì)回落，地產(chǎn)鏈底部徘徊》《以穩(wěn)為主，科技加內(nèi)需仍是主線》+0.08pct。此外我們在一級行業(yè)下加入輕工、家電行業(yè)進(jìn)行對比，輕工行業(yè)本季度基金重倉持股市值占流通盤比為1.44%，環(huán)比上一季度-《短期經(jīng)濟(jì)回落，地產(chǎn)鏈底部徘徊》《以穩(wěn)為主，科技加內(nèi)需仍是主線》（2）個(gè)股持倉變動：按基金重倉持股占流通盤比計(jì)算，環(huán)比上一季度 環(huán)比上一季度加倉幅度前五名依次為深桑達(dá)A（+0.95pct）加杠桿力度不及預(yù)期的風(fēng)險(xiǎn)；行業(yè)競合態(tài)勢超預(yù)期惡化的風(fēng)險(xiǎn)。 5 5 7 9 6表2：A股地產(chǎn)鏈相關(guān)行業(yè)（地產(chǎn)、建筑、建材、輕工、家電行業(yè)）基金重倉持股市值占 7表3：居住產(chǎn)業(yè)鏈獲基金重倉持股集中度（各行業(yè)獲基金重倉持股的股票個(gè)數(shù)） 8 9 9 9 2025年第一季度公募基金十大重倉股已披露。我們選取了股票型基金中的普通股混合型和靈活配置型基金作為樣本基金，按照上文對1.1.居住產(chǎn)業(yè)鏈重倉持股市值占A股比仍處低位，建材小幅加倉股市值占A股比為2.03%，環(huán)比上一季度-0.11pct，超配比例-1.94%（近10年百表1：A股居住產(chǎn)業(yè)鏈（地產(chǎn)、建筑、建材行業(yè)）基金重倉持股市值占A股比以及占流通盤比申萬分類一級行業(yè)基金重倉持股市值占A股比超配比例申萬分類一級行業(yè)基金重倉持股市值占流通盤比房地產(chǎn)建筑裝飾建筑材料總計(jì)房地產(chǎn)建筑裝飾建筑材料總計(jì)房地產(chǎn)建筑裝飾建筑材料總計(jì)最大值7.32%4.06%2.93%9.81%2.84%0.03%0.60%3.99%3.67%2.47%最小值0.87%0.25%0.38%-2.91%-2.68%-0.95%-5.85%0.64%0.19%0.42%0.57%最新數(shù)值位于近10年的百分比排名0%33%21%46%85%49%59%26%28%23%2025/03/310.87%0.54%0.63%2.03%-0.45%-1.37%-0.12%-1.94%0.48%0.87%2024/12/310.96%0.63%0.55%2.14%-0.46%-1.45%-0.19%-2.10%0.55%0.92%2024/09/300.46%0.49%2.47%-0.06%-1.55%-0.27%-1.89%2.04%0.49%2024/06/300.89%0.56%0.48%-0.47%-1.51%-0.32%-2.31%0.60%2024/03/310.98%0.49%0.45%-0.49%-1.60%-0.39%-2.48%0.54%2023/12/310.58%0.53%2.31%-0.46%-1.48%-0.37%-2.31%0.70%2023/09/300.83%0.85%3.19%-0.37%-1.38%-0.16%-1.91%2.09%0.98%2.19%2023/06/300.86%0.70%3.02%-0.31%-1.42%-0.29%-2.02%2.29%2023/03/310.87%0.89%3.38%-0.30%-1.37%-0.23%-1.89%2.47%2.34%2022/12/312.23%0.57%0.92%3.72%0.04%-1.56%-0.25%-1.77%3.22%0.84%2.47%2.14%2022/09/302.71%0.58%0.60%3.88%0.43%-1.53%-0.57%-1.67%3.99%0.92%2.34%2022/06/300.56%3.71%-0.36%-1.53%-0.19%-2.08%2.93%0.92%2.97%2.22%2022/03/312.59%0.73%4.67%-0.18%-1.46%-0.03%-1.68%3.14%3.28%2.47%2021/12/310.55%3.58%-0.41%-1.39%-0.20%-2.00%2.87%0.99%3.01%2.25%2021/09/300.41%0.96%2.88%-0.80%-1.54%-0.39%-2.73%2.29%0.74%2.49%2021/06/300.99%0.35%2.61%-1.42%-1.41%-0.11%-2.94%0.71%3.31%2021/03/310.34%3.75%-1.02%-1.64%0.00%-2.66%2.15%0.58%3.36%2020/12/310.27%3.50%-0.88%-1.55%-0.23%-2.67%2.25%0.47%2.74%2020/09/303.01%0.39%5.27%-0.37%-1.69%0.30%-1.75%2.45%0.52%3.28%2.06%2020/06/303.64%0.28%2.06%5.97%-0.02%-1.87%0.54%-1.35%2.41%0.31%3.29%2020/03/315.43%0.37%2.93%8.72%-2.18%0.60%2.81%0.30%3.67%2.20%2019/12/316.31%0.25%2.30%8.86%-2.25%0.73%0.42%2.75%0.19%2.80%2.00%2019/09/304.41%0.34%6.31%0.14%-2.31%0.18%-1.99%0.24%2.07%2019/06/304.73%0.33%6.70%0.43%-2.55%0.23%-1.89%0.20%2.01%2019/03/316.25%0.53%8.48%-2.56%0.30%-0.69%2.09%0.27%2018/12/317.32%0.84%9.81%2.84%-2.57%0.30%0.56%2.47%0.37%2018/09/304.82%0.74%7.38%0.71%-2.52%0.46%-1.35%0.37%2.15%2018/06/303.86%0.83%6.14%-0.30%-2.27%0.08%-2.49%0.45%2018/03/314.56%2.47%8.38%-0.07%-1.89%-0.93%0.67%2.76%2017/12/314.19%2.65%8.26%-0.42%-1.95%-1.12%0.66%2.99%2017/09/302.92%2.34%2.35%7.61%-1.72%-1.30%0.98%-2.04%0.96%0.99%2.63%2017/06/302.08%2.76%2.41%7.24%-2.79%-1.11%0.99%-2.91%0.65%2.60%2017/03/312.27%4.06%2.15%8.48%-2.66%0.03%0.60%-2.03%0.64%2016/12/312.65%3.27%7.86%-2.56%-0.62%0.48%-2.69%0.69%2016/09/302.67%3.08%2.06%7.81%-2.91%-0.30%0.66%-2.55%0.68%2.09%2016/06/303.21%0.99%5.66%-2.14%-1.74%-0.29%-4.16%0.86%0.65%0.82%2016/03/313.93%6.81%-1.57%-1.50%-0.27%-3.34%0.98%0.75%0.92%2015/12/312.89%0.58%5.01%-2.78%-1.88%-0.75%-5.41%0.74%0.65%0.64%0.70%2015/09/302.44%0.64%4.16%-2.49%-2.68%-0.68%-5.85%0.68%0.40%0.66%0.57%2015/06/302.98%0.38%5.06%-2.19%-1.93%-0.95%-5.07%0.85%0.69%0.42%0.74%數(shù)據(jù)來源：Wind，東吳證券研究所備注：超配比例為該行業(yè)基金重倉持股占A股比-該行業(yè)流通市值占全部A股比例表2：A股地產(chǎn)鏈相關(guān)行業(yè)（地產(chǎn)、建筑、建材、輕工、家電行業(yè)）基金重倉持股市值占A股比以及占流通盤比房地產(chǎn)建筑裝飾建筑材料輕工制造家用電器總計(jì)房地產(chǎn)建筑裝飾建筑材料輕工制造家用電器總計(jì)房地產(chǎn)建筑裝飾建筑材料輕工制造家用電器總計(jì)房地產(chǎn)建筑裝飾建筑材料輕工制造家用電器總計(jì)最大值7.32%4.06%2.93%2.79%7.77%17.44%2.84%0.03%1.30%1.77%4.98%4.54%3.99%1.41%3.67%4.18%5.45%2.92%最小值0.87%0.25%0.38%0.70%0.92%5.34%-2.91%-2.68%-0.95%-0.41%-0.57%-5.27%0.64%0.19%0.42%1.44%0.85%0.80%最新數(shù)值位于近10年的百分比排名0%33%21%18%72%36%46%85%49%28%72%59%26%28%23%0%56%28%2025/03/310.87%0.54%0.63%0.82%5.18%8.02%-0.45%-1.37%-0.12%-0.15%2.91%0.82%1.12%0.48%1.44%1.44%3.91%1.90%2024/12/310.96%0.63%0.55%0.97%5.41%8.53%-0.46%-1.45%-0.19%-0.01%3.23%1.12%1.23%0.55%1.36%1.79%4.51%2.09%2024/09/301.51%0.46%0.49%0.88%5.49%8.84%-0.06%-1.55%-0.27%-0.09%3.25%1.28%2.04%0.49%1.37%1.93%5.22%2.48%2024/06/300.89%0.56%0.48%0.91%4.86%7.70%-0.47%-1.51%-0.32%-0.09%2.68%0.29%1.47%0.60%1.35%2.05%5.02%2.34%2024/03/310.98%0.49%0.45%1.17%4.24%7.34%-0.49%-1.60%-0.39%0.10%2.09%-0.29%1.54%0.54%1.25%2.53%4.58%2.23%2023/12/311.19%0.58%0.53%0.85%3.27%6.43%-0.46%-1.48%-0.37%-0.26%1.28%-1.30%1.79%0.70%1.44%1.88%4.05%2.06%2023/09/301.50%0.83%0.85%0.82%3.08%7.10%-0.37%-1.38%-0.16%-0.27%1.07%-1.11%2.09%0.98%2.19%1.96%3.97%2.25%2023/06/301.47%0.86%0.70%0.75%2.99%6.77%-0.31%-1.42%-0.29%-0.32%0.92%-1.43%2.29%1.04%1.95%1.94%3.99%2.29%2023/03/311.61%0.87%0.89%0.73%2.13%6.23%-0.30%-1.37%-0.23%-0.41%0.15%-2.15%2.47%1.14%2.34%1.88%3.15%2.18%2022/12/312.23%0.57%0.92%0.98%1.77%6.47%0.04%-1.56%-0.25%-0.10%-0.17%-2.04%3.22%0.84%2.47%2.87%2.88%2.40%2022/09/302.71%0.58%0.60%0.71%2.08%6.67%0.43%-1.53%-0.57%-0.30%0.06%-1.92%3.99%0.92%1.71%2.34%3.45%2.60%2022/06/301.99%0.56%1.16%0.89%1.81%6.41%-0.36%-1.53%-0.19%-0.14%-0.28%-2.49%2.93%0.92%2.97%3.00%3.01%2.49%2022/03/312.59%0.73%1.34%0.87%1.52%7.06%-0.18%-1.46%-0.03%-0.18%-0.43%-2.29%3.14%1.12%3.28%2.78%2.62%2.54%2021/12/311.85%0.55%1.18%0.81%1.62%6.01%-0.41%-1.39%-0.20%-0.30%-0.56%-2.86%2.87%0.99%3.01%2.55%2.61%2.38%2021/09/301.52%0.41%0.96%0.70%1.76%5.34%-0.80%-1.54%-0.39%-0.33%-0.35%-3.41%2.29%0.74%2.49%2.37%2.92%2.14%2021/06/300.99%0.35%1.27%0.97%1.85%5.43%-1.42%-1.41%-0.11%-0.13%-0.31%-3.38%1.48%0.71%3.31%3.17%3.09%2.22%2021/03/311.82%0.34%1.58%1.31%3.78%8.84%-1.02%-1.64%0.00%0.10%1.26%-1.29%2.15%0.58%3.36%3.63%5.03%2.92%2020/12/311.97%0.27%1.26%0.91%4.52%8.92%-0.88%-1.55%-0.23%-0.20%1.82%-1.05%2.25%0.47%2.74%2.65%5.45%2.91%2020/09/303.01%0.39%1.88%1.07%3.97%10.31%-0.37%-1.69%0.30%-0.05%1.49%-0.31%2.45%0.52%3.28%2.63%4.40%2.67%2020/06/303.64%0.28%2.06%0.70%4.02%10.69%-0.02%-1.87%0.54%-0.38%1.51%-0.21%2.41%0.31%3.29%1.57%3.88%2.37%2020/03/315.43%0.37%2.93%0.94%3.94%13.60%1.48%-2.18%1.30%-0.13%1.53%2.00%2.81%0.30%3.67%1.79%3.34%2.40%2019/12/316.31%0.25%2.30%0.81%5.92%15.59%1.94%-2.25%0.73%-0.18%3.27%3.51%2.75%0.19%2.80%1.56%4.25%2.46%2019/09/304.41%0.34%1.56%0.89%5.46%12.66%0.14%-2.31%0.18%-0.01%2.97%0.97%1.89%0.24%2.07%1.81%4.02%1.98%2019/06/304.73%0.33%1.64%0.89%6.21%13.81%0.43%-2.55%0.23%-0.04%3.69%1.76%1.90%0.20%2.01%1.66%4.25%1.98%2019/03/316.25%0.53%1.70%1.25%4.26%13.99%1.57%-2.56%0.30%0.25%1.78%1.33%2.09%0.27%1.91%1.95%2.69%1.73%2018/12/317.32%0.84%1.65%1.63%4.24%15.69%2.84%-2.57%0.30%0.69%1.88%3.13%2.47%0.37%1.85%2.62%2.71%1.89%2018/09/304.82%0.74%1.82%1.88%5.25%14.50%0.71%-2.52%0.46%0.95%2.88%2.48%1.88%0.37%2.15%3.27%3.57%1.94%2018/06/303.86%0.83%1.45%2.35%7.77%16.26%-0.30%-2.27%0.08%1.36%4.98%3.85%1.57%0.45%1.79%4.00%4.70%2.21%2018/03/314.56%1.35%2.47%2.14%6.91%17.44%-0.07%-1.89%1.03%1.13%4.34%4.54%1.59%0.67%2.76%3.41%4.34%2.18%2017/12/314.19%1.42%2.65%1.71%7.06%17.03%-0.42%-1.95%1.25%0.75%4.50%4.13%1.44%0.66%2.99%2.81%4.35%2.08%2017/09/302.92%2.34%2.35%2.23%5.65%15.50%-1.72%-1.30%0.98%1.20%3.37%2.53%0.96%0.99%2.63%3.31%3.79%1.83%2017/06/302.08%2.76%2.41%2.79%7.04%17.07%-2.79%-1.11%0.99%1.77%4.58%3.44%0.65%1.09%2.60%4.18%4.39%1.92%2017/03/312.27%4.06%2.15%2.50%5.15%16.14%-2.66%0.03%0.60%1.39%3.02%2.38%0.64%1.41%1.93%3.14%3.39%1.64%2016/12/312.65%3.27%1.94%2.30%3.98%14.14%-2.56%-0.62%0.48%1.20%2.03%0.53%0.69%1.14%1.80%2.83%2.76%1.41%2016/09/302.67%3.08%2.06%2.69%4.14%14.63%-2.91%-0.30%0.66%1.59%2.13%1.16%0.68%1.30%2.09%3.47%2.94%1.54%2016/06/303.21%1.46%0.99%2.01%3.09%10.76%-2.14%-1.74%-0.29%0.95%1.37%-1.84%0.86%0.65%1.10%2.70%2.56%1.22%2016/03/313.93%1.82%1.06%1.76%2.57%11.14%-1.57%-1.50%-0.27%0.71%0.94%-1.70%0.98%0.75%1.10%2.30%2.17%1.20%2015/12/312.89%1.54%0.58%2.14%2.10%9.25%-2.78%-1.88%-0.75%1.03%0.46%-3.91%0.74%0.65%0.64%2.81%1.87%1.02%2015/09/302.44%1.09%0.64%2.24%0.92%7.32%-2.49%-2.68%-0.68%1.15%-0.57%-5.27%0.68%0.40%0.66%2.82%0.85%0.80%2015/06/302.98%1.71%0.38%2.24%1.62%8.92%-2.19%-1.93%-0.95%1.17%-0.05%-3.96%0.85%0.69%0.42%3.09%1.43%1.02%數(shù)據(jù)來源：Wind，東吳證券研究所備注：超配比例為該行業(yè)基金重倉持股占A股比-該行業(yè)流通市值占全部A股比例表3：居住產(chǎn)業(yè)鏈獲基金重倉持股集中度（各行業(yè)獲基金重倉持股的股票個(gè)數(shù)）二級行業(yè)基金重倉持股股票數(shù)一級行業(yè)基金重倉持股股票數(shù)前周期后周期二級行業(yè)基金重倉持股股票數(shù)一級行業(yè)基金重倉持股股票數(shù)前周期后周期其他設(shè)計(jì)咨詢基建房建水泥玻璃玻纖房地產(chǎn)建筑裝飾建筑材料居住產(chǎn)業(yè)鏈合計(jì)房地產(chǎn)服房地產(chǎn)開其他材料專業(yè)工程裝飾裝修裝修建材2025/03/3130(29%)41(25%)20(27%)91(27%)56408522024/12/3134(33%)42(25%)23(32%)99(29%)4630572024/09/3036(35%)35(21%)20(27%)91(27%)8350442024/06/3026(25%)39(23%)21(27%)86(24%)20993512592024/03/3132(30%)50(29%)20(26%)441222023/12/3130(28%)60(36%)27(35%)9353252023/09/3024(22%)56(33%)29(38%)7463252023/06/3027(24%)46(27%)28(36%)7352262023/03/3131(27%)41(25%)25(33%)97(27%)5473272022/12/3126(23%)40(25%)25(33%)91(26%)5354292022/09/3029(25%)35(22%)25(33%)89(25%)6343372022/06/3028(23%)38(25%)28(36%)94(26%)4454462022/03/3136(29%)42(27%)31(41%)236664282021/12/3123(18%)43(28%)26(34%)92(26%)5653262021/09/3022(17%)40(27%)29(38%)91(26%)7763372021/06/3033(26%)27(18%)29(35%)89(25%)7463362021/03/3128(22%)33(23%)28(34%)89(25%)78454452020/12/3128(22%)24(18%)27(34%)79(23%)575444462020/09/3038(29%)26(19%)32(41%)96(28%)677535462020/06/3038(29%)24(18%)35(46%)97(29%)21487523592020/03/3137(28%)27(21%)27(36%)91(27%)66324562019/12/3143(32%)31(41%)91(27%)23466412542019/09/3039(30%)22(17%)33(43%)94(28%)775422542019/06/3046(35%)27(21%)32(39%)2847433482019/03/3149(38%)33(26%)32(39%)284634262018/12/3146(35%)38(30%)24(30%)26864572272018/09/3037(28%)34(27%)24(30%)95(28%)205865260282018/06/3044(33%)34(27%)21(25%)99(29%)212963561282018/03/3150(36%)30(24%)23(27%)202873372282017/12/3155(40%)40(33%)31(37%)2367458142017/09/3059(42%)45(38%)29(37%)2456637132017/06/3059(42%)48(42%)26(33%)2554548142017/03/3177(52%)60(55%)42(51%)297745152016/12/3185(57%)60(60%)53(66%)2977759252016/09/3087(59%)63(66%)41(51%)75577342016/06/3079(53%)50(56%)36(46%)2663568232016/03/3184(56%)47(55%)37(48%)796476132015/12/3172(48%)43(52%)22(29%)684465222015/09/3058(39%)36(46%)22(29%)534551192015/06/3057(38%)36(48%)29553374128數(shù)據(jù)來源：Wind，東吳證券研究所備注：括號內(nèi)為該行業(yè)基金重倉持股股票數(shù)/該行業(yè)樣本股票總數(shù)本季度居住產(chǎn)業(yè)鏈公募基金重倉持倉總市值前五的股票依次是保利發(fā)展（39.8億表4：居住產(chǎn)業(yè)鏈基金重倉持倉市值前15大股票（單位：億元）2024/06/30公司名稱保利發(fā)展中國建筑招商蛇口海螺水泥金誠信三棵樹華發(fā)股份鴻路鋼構(gòu)萬科A隧道股份中國巨石東方雨虹2024/06/30公司名稱保利發(fā)展中國建筑招商蛇口海螺水泥金誠信三棵樹華發(fā)股份鴻路鋼構(gòu)萬科A隧道股份中國巨石東方雨虹中國中鐵招商積余中材國際2025/03/31公司名稱保利發(fā)展海螺水泥中國建筑鴻路鋼構(gòu)三棵樹招商蛇口濱江集團(tuán)金地集團(tuán)中國巨石金誠信東方雨虹招商積余萬科A北新建材華發(fā)股份2024/12/31持倉市值52.134.028.928.05.65.02024/09/30持倉市值86.450.230.425.37.26.62024/12/31公司名稱保利發(fā)展中國建筑招商蛇口海螺水泥鴻路鋼構(gòu)三棵樹濱江集團(tuán)金誠信萬科A金地集團(tuán)招商積余中國巨石東方雨虹兔寶寶隧道股份2024/03/31持倉市值65.536.933.427.92024/09/30公司名稱保利發(fā)展招商蛇口中國建筑海螺水泥萬科A濱江集團(tuán)金地集團(tuán)三棵樹鴻路鋼構(gòu)金誠信華發(fā)股份城建發(fā)展新城控股招商積余北新建材2025/03/31持倉市值39.85.04.74.52024/03/31公司名稱保利發(fā)展招商蛇口中國建筑金誠信海螺水泥東方雨虹萬科A華發(fā)股份招商積余中國中鐵濱江集團(tuán)中國巨石中材國際江山歐派華新水泥排名12345678960.76.3數(shù)據(jù)來源：Wind，東吳證券研究所表5：近一年建筑行業(yè)基金重倉持倉市值前5大股票（單位：億元）排名2024/03/31公司名稱2024/03/31持倉市值2024/06/30公司名稱2024/06/30持倉市值2024/09/30公司名稱2024/09/30持倉市值2024/12/31公司名稱2024/12/31持倉市值2025/03/31公司名稱2025/03/31持倉市值建筑1中國建筑33.4中國建筑29.2中國建筑30.4中國建筑34.0中國建筑25.22金誠信27.9金誠信鴻路鋼構(gòu)鴻路鋼構(gòu)22.5鴻路鋼構(gòu)24.43中國中鐵鴻路鋼構(gòu)金誠信金誠信金誠信7.44中材國際4.6隧道股份7.7中國中鐵5.9隧道股份5.0隧道股份3.75鴻路鋼構(gòu)3.3中國中鐵6.8隧道股份5.6中國化學(xué)4.3中國中鐵2.5數(shù)據(jù)來源：Wind，東吳證券研究所表6：近一年建材行業(yè)基金重倉持倉市值前5大股票（單位：億元）排名2024/03/31公司名稱2024/03/31持倉市值2024/06/30公司名稱2024/06/30持倉市值2024/09/30公司名稱2024/09/30持倉市值2024/12/31公司名稱2024/12/31持倉市值2025/03/31公司名稱2025/03/31持倉市值建材1海螺水泥23.8海螺水泥21.7海螺水泥25.3海螺水泥28.0海螺水泥26.12東方雨虹三棵樹三棵樹三棵樹三棵樹23.13中國巨石6.3中國巨石7.4北新建材6.6中國巨石6.2中國巨石4江山歐派4.4東方雨虹6.8中國巨石6.1東方雨虹6.2東方雨虹6.65華新水泥4.3偉星新材4.3東方雨虹5.8兔寶寶5.6北新建材4.7數(shù)據(jù)來源：Wind，東吳證券研究所表7：本季度基金重倉持股占流通股比環(huán)比上一季度增加最多的15支股票證券代碼證券簡稱重倉持股總量剔除送轉(zhuǎn)后持倉變動重倉持股占流通股比環(huán)比上一季度變動金地集團(tuán)數(shù)據(jù)來源：Wind，東吳證券研究所表8：本季度基金重倉持股占流通股比環(huán)比上一季度增加最少的15支股票證券代碼證券簡稱重倉持股總量剔除送轉(zhuǎn)后持倉變動重倉持股占流通股比環(huán)比上一季度變動-60-0.-1,030-0.-3,144-0.-448-0.-264-0.-2,158-0.-10,579-0.-349-1.-1,520 -1.-1,551 -1.-3,080 -1.金誠信-1,082 -1.-2,405-2.-2.-1,163-4.-4.-2,104-5.03數(shù)據(jù)來源：Wind，東吳證券研究所表9：本季度建筑行業(yè)基金重倉持股占流通股比環(huán)比上一季度增加最多的5支股票證券代碼證券簡稱重倉持股總量剔除送轉(zhuǎn)后持倉變動重倉持股占流通股比環(huán)比上一季度變動建筑數(shù)據(jù)來源：Wind，東吳證券研究所表10：本季度建筑行業(yè)基金重倉持股占流通股比環(huán)比上一季度增加最少的5支股票證券代碼證券簡稱重倉持股總量剔除送轉(zhuǎn)后持倉變動重倉持股占流通股比環(huán)比上一季度變動建筑-448-0.-0.-264-0.-0.-2,158 -0.-349 -1.金誠信-1,082-1.數(shù)據(jù)來源：Wind，東吳證券研究所（2）建材行業(yè)：按基金重倉持股占流通股比計(jì)算，環(huán)比上一季度加倉幅度前五名表11：本季度建材行業(yè)基金重倉持股占流通股比環(huán)比上一季度增加最多的5支股票證券代碼證券簡稱重倉持股總量剔除送轉(zhuǎn)后持倉變動重倉持股占流通股比環(huán)比上一季度變動建材數(shù)據(jù)來源：Wind，東吳證券研究所表12：本季度建材行業(yè)基金重倉持股占流通股比環(huán)比上一季度增加最少的5支股票證券代碼證券簡稱重倉持股總量剔除送轉(zhuǎn)后持倉變動重倉持股占流通股比環(huán)比上一季度變動建材-1,031-0.科順股份-1,520 -1.-2,405 -2.-1,163-4.-4.-2,104-5.數(shù)據(jù)來源：Wind，東吳證券研究所金重倉持股披露口徑的原因，數(shù)據(jù)統(tǒng)計(jì)可能存在允許范圍內(nèi)的偏差。度不及預(yù)期，基建鏈條景氣面臨下行壓力。表13：上市公司一二級分類附表1專業(yè)工程32603352專業(yè)工程33002060.SZ粵水電基建房建64002883.SZ中設(shè)股3專業(yè)工程34301058.SZ中糧科工專業(yè)工程654專業(yè)工程35300284.SZ蘇交科設(shè)計(jì)咨詢5專業(yè)工程36003013.SZ地鐵設(shè)計(jì)6專業(yè)工程37603018.SH華設(shè)集團(tuán)設(shè)計(jì)咨詢68300989.SZ7金誠信專業(yè)工程38603357.SH設(shè)計(jì)總院設(shè)計(jì)咨詢69300668.8專業(yè)工程39600629.SH華建集團(tuán)設(shè)計(jì)咨詢70300746.9專業(yè)工程40300977.SZ深圳瑞捷設(shè)計(jì)咨詢71603153.SH上海建科設(shè)計(jì)咨詢專業(yè)工程4160306專業(yè)工程42300500.SZ啟迪設(shè)計(jì)設(shè)計(jì)咨詢73300564.SZ筑博設(shè)精工鋼構(gòu)專業(yè)工程43002949.SZ華陽國際設(shè)計(jì)咨詢7430