The latest disclosure of northbound funds' holdings shows a significant increase in holdings of high-quality stocks, with only 9 stocks being heavily increased.

In the second quarter of 2026, the holdings of northbound funds have been announced, and compared to before, the market value of the holdings has significantly increased. Overall, as of the end of the second quarter of 2026, the total number of shares held by northbound funds exceeded 107.8 billion shares, an increase of over 4 billion shares compared to the previous quarter. Based on the closing price at the end of the second quarter, the market value of the northbound funds' holdings exceeded 3 trillion yuan, reaching 3.13 trillion yuan, setting a new quarterly high since the opening of the mutual market access mechanism. The significant increase in the market value of northbound funds' holdings is not only related to the increase in the number of shares held, but also closely linked to the rise in the stock prices of the stocks listed in the Stock Connect. Looking at individual companies, as of the end of the second quarter of 2026, 16 companies had northbound fund holdings valued at over 30 billion yuan, with 7 companies in the high-tech industry among the top 10 companies in terms of holdings. The top 3 companies were all in the high-tech industry, namely CATL, CMIC and NFG. On the other hand, the market value of holdings of consumer goods companies has visibly decreased. Companies like Moutai and Midea Group, which were once the first and second largest holdings of northbound funds, both saw a decrease in their holdings' market value compared to the previous quarter, with Moutai's market value decreasing by over 25%. In terms of holding proportions, as of the end of the second quarter of 2026, 23 companies have holding proportions exceeding 10%, with HuaCe Test, Hongfa Stock, Sinyuan Electric, Huichuan Technology and CATL occupying the top 5 positions in terms of holding proportions, with the first 2 companies having holding proportions exceeding 20%. It is worth mentioning that among the top 23 companies in terms of holding proportions, 17 companies saw an increase in their holding proportions compared to the previous period, including Hengli Hydraulic, Yingliu Stock, and Oriental Yuhong. Furthermore, among the companies that saw an increase of over 2 percentage points in northbound fund holdings in the second quarter of 2026, 9 companies have already disclosed their interim reports for 2026, with all expecting positive results.