Q2 2026 Mutual Fund Electronics Heavy Holdings Surge 155.46% to RMB 1.58 Trillion, 39.08% of Total, Overweight

In the second quarter of 2026, the disclosure of mutual fund quarterly reports was completed, and the allocation ratio of the electronics sector continued to rise. The total market value of fund heavy holdings in the electronics sector reached RMB 1,583.888 billion, a quarter-on-quarter increase of 155.46%. The electronics sector accounted for 39.08% of total fund heavy holdings, a quarter-on-quarter increase of 19.64%, and was overweight by 16.07%. Among sub-sectors, the share of components increased, while the shares of consumer electronics, semiconductors, other electronic components II, and optoelectronics declined slightly.

Since July, the sector has undergone significant adjustments, with valuations of related stocks retreating. On the fundamental side, order certainty for semiconductor equipment continues to strengthen, domestic computing orders and supply chain stocking activities have increased, AI server demand is driving growth in PCB and AI power supply demand, the memory price uptrend persists, and related activities along the supply chain are spreading to consumer electronics.