The reshuffling trend of securities firms is revealed, appearing in the top ten shareholders list of more than one hundred listed companies.

As the annual reports of listed companies are disclosed intensively, the route map of securities firms' self-operated repositioning in the fourth quarter of 2025 has surfaced. Data shows that as of April 17th, 128 listed companies have the presence of securities firms in the top ten flow-through shareholders list. Calculated based on the closing price at the end of 2025, securities firms collectively held 3.836 billion shares with a market value of 29.924 billion yuan. In the fourth quarter of 2025, securities firms collectively entered 27 new stocks. Among them, Shengtun Mining, Binglun Environment, Huaren Jiangzhong, Dong'e Ejiao, and Yueshan Expressway A were among the top purchases by securities firms, with the market value of their holdings in these stocks exceeding 150 million yuan by the end of the year.