On May 26, 2026, the latest private equity position data showed that the average stock position of domestic billion-level leading private equity institutions rose to 82%, hitting a new high for the year. This data fully reflects the firm confidence of top institutional investors in the medium and long-term trend of the A-share market. In terms of position structure, private equity institutions have obvious directional preferences. They have increased their positions in four core tracks: high-end manufacturing, artificial intelligence, consumption recovery, and biomedicine, while continuously reducing holdings in traditional low-value cyclical sectors. Institutions believe that emerging high-tech and consumption sectors have sufficient performance flexibility and policy support space, with greater room for valuation growth. At present, the overall valuation of the A-share market is in a reasonable and low level, with limited downside risks. The domestic economic recovery is advancing steadily, and a series of policies to stabilize growth, expand consumption and support technological innovation continue to release dividends, providing solid fundamental support for the capital market. Many private equity institutions stated that the current market has obvious structural investment opportunities. The incremental capital represented by medium and long-term funds continues to enter the market, which will further optimize the market capital structure and drive the steady upward trend of high-quality track stocks. Industry insiders pointed out that the continuous increase of institutional positions is an important signal of market confidence. With the gradual verification of economic recovery data and the continuous landing of industrial policies, the A-share market is expected to maintain a volatile upward trend, and high-quality growth tracks will continue to become the core allocation direction of institutional funds.