[Understand the third quarterly report of 2026 funds in one picture: Zhongji InnoLight continues to be the top holding of public offerings and active partial stocks. Electronics and communications are still the main players in the top 20 holdings of public offerings] October 28th. Recently, the third quarterly report of public offerings has come to an end. As of the end of the third quarter, the total scale of public funds was nearly 39.3 trillion yuan, a decrease of nearly 0.9% from the end of the second quarter. Among them, the ETF market size is 4.9 trillion yuan, an increase of nearly 3.9% from the end of the second quarter; it has continued to rise since October and is currently approaching 5 trillion yuan. By type, among stock ETFs, the net asset value of style index and broad-based index ETFs in the third quarter increased by 17.1% and 8.9% respectively compared with the end of the second quarter, while the scale of theme index and industry index ETFs dropped significantly. In terms of heavy holdings, Zhongji InnoLight continues to be the top holding of public equity funds and active partial equity funds, and Xinyi Sheng ranks second in both lists; WuXi AppTec's ranking has improved rapidly, ranking fifth among public equity funds and third among active partial equity funds. Judging from the position structure, the top 20 largest holdings of active partial stock funds are still concentrated in the communications and electronics sectors, and cover pharmaceuticals and biology, power equipment, and nonferrous metals. If split by fund type, among the top ten heavily held stocks in the third quarter report, popular targets such as Zhongji InnoLight, CATL, AMEC, and Yuanjie Technology show the characteristics of a decrease in the heavy holdings of active partial stock funds and an increase in the heavy holdings of passive index funds.