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The reshuffle of the top 100 billion active equity fund managers, with Zhang Kun maintaining the top spot, Zhang Lu rising to second, and 15 new additions in the first quarter.
From the perspective of market cap, Zhang Kun still ranks first with 41.672 billion yuan, but it decreased by 6.711 billion yuan from the end of 2025, making it one of the top companies in terms of scale contraction in the current billion yuan list.
28.9861.95 42.23 billion yuan, an increase of 75.20 billion yuan; Wu Guoqing's wealth increased from 79.06 billion yuan to 150.92 billion yuan, an increase of 71.85 billion yuan.From an overall perspective, out of the current list of one hundred billion, 47 fund managers have increased their scale compared to the end of 2025, while 57 fund managers have decreased their scale. There are 16 fund managers who have increased their scale by over 50 billion yuan, including Zhang Haixiao, Yang Meng, Yan Kai, Hua Licheng, Wu Yang, Ma Fang, Zhang Lu, Dong Chen, Lei Zhiyong, and Chen Yunzhong, in addition to the fund managers mentioned above. Correspondingly, there are 15 fund managers whose scale has decreased by over 30 billion yuan. Within the active equity one hundred billion camp, there is a differentiation trend. Some products that were not large in scale before, if their short-term performance and market attention rise simultaneously, their management scale can quickly increase. On the other hand, some fund managers who have been in the spotlight for a long time need to face greater pressure from redemptions from holders and performance recovery. 17 people dropped out of the one hundred billion camp There are newcomers as well as laggards. Compared to the end of 2025, a total of 17 fund managers now have a scale below 10 billion yuan, including Liang Hao, Xing Junliang, Jiang Shan, Luo Shuai, Luo Jiaming, Feng Mingyuan, Zhao Qiyuan, Zheng Chengran, Sun Quan, Wang Pei, Du Yang, Zhao Feng, Yin Weichun, Wang Yuanyuan, Zhang Jintao, Feng Ludan, and Zhao Yi. Some of the fund managers who dropped out of the one hundred billion list are slightly below the 10 billion threshold. Liang Hao's latest scale is 9.71 billion yuan, Xing Junliang's is 9.70 billion yuan, Jiang Shan's is 9.50 billion yuan, and Luo Shuai's is 9.14 billion yuan, just one step away from the one hundred billion threshold. Whether these fund managers will return to the one hundred billion club in the future remains unknown. Some fund managers have experienced a more significant decline in scale. Zhao Yi's scale decreased from 12.89 billion yuan at the end of 2025 to 6.20 billion yuan, a decrease of 57.69 billion yuan, the most prominent drop among those who dropped out of the one hundred billion camp. Feng Ludan's scale decreased from 14.41 billion yuan to 8.82 billion yuan, a decrease of 31.59 billion yuan. Zhao Feng, Zhao Qiyuan, Zhang Jintao, and Zheng Chengran also decreased by over 20 billion yuan respectively. In terms of scale range, among the latest one hundred billion active equity fund managers, 5 people have a scale of over 30 billion yuan, 20 people have a scale of 20 billion to 30 billion yuan, 26 people have a scale of 15 billion to 20 billion yuan, and 53 people have a scale of 10 billion to 15 billion yuan. The majority of the one hundred billion list still falls within the range of 10 billion to 15 billion yuan, and there are only 25 fund managers with a scale above 20 billion yuan. A channel source stated that current investors are more concerned with the speed of net asset value recovery and the alignment of holding direction when choosing active equity products. The reliance on long-term reputation for stability has decreased. For fund companies, the number of one hundred billion fund managers is still a reflection of the brand's ability in active equity, but this mirror is now more dynamic. The leaders in the previous list may quickly fall back, and fund managers with a lower base may also make a breakthrough within a quarter.
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