By the end of 2023, the annual report data of public offering funds showed that the scale of public offering funds had reached 27.27 trillion yuan, a year-on-year increase of 5.89%. The total revenue from various fees of public offering funds in 2023 reached 248.574 billion yuan. Since the CSRC issued the reform plan for public offering fund fees on July 8, 2023, the effect of reducing fees has been significant. The total management fee of public offering funds in 2023 was 135.615 billion yuan, a year-on-year decrease of 7.04%. Among them, the largest proportion is held by hybrid funds, with a total management fee of 55.749 billion yuan, a year-on-year decrease of 19.91%. Custodial fees totaled 28.738 billion yuan, a year-on-year decrease of 6.33%. In terms of holder structure, individual investors held 53.62% of public offering funds, an increase of 1.13 percentage points year-on-year. FOF, hybrid, currency, and QDII funds are mainly held by individual investors, with proportions of 90.61%, 80.73%, 72.54%, and 65.87%, respectively. Asset Allocation Section 01 Top 20 stocks held by all funds In 2023, daily consumer, information technology, and healthcare industries were favored by investors. Guizhou Maotai's total market value of shares held remained the first, reaching 145.411 billion yuan, held by 2,080 funds. 02 Top 20 stocks held by funds in Hong Kong In 2023, Mainland investors continued to favor the Hong Kong stock market. Tencent Holdings remained popular among investors, with a total market value of shares held at 38.152 billion yuan. Held by 831 funds. 03 Top 20 stocks held by funds as a percentage of float market value According to statistics of the holding ratio to float shares, in 2023, the public offering fund with the highest holding ratio is Baoli Tianheng-U, reaching 66.46%, with a total market value of holdings of 3.243 billion yuan. Following closely are Jingzhi Da and Maolai Optics, with holding ratios of 65.39% and 62.42%, respectively. 04 Top 20 stocks with the largest increase in holding ratio to float market value by funds In 2023, stocks that public offering funds significantly increased their holdings in had a remarkable increase. According to statistics of the holding ratio to float market value, among the top 20 stocks with the largest increase in holding ratio by funds, Shenzhen Coda, Roman shares, and Maiwei Biology-U had increases of over 100%. Among them, Roman shares increased by 169.19% in 2023.The transaction commission amounted to 16.811 billion yuan, a decrease of 2.06 billion yuan compared to the previous year.This article is reprinted from the "Wind Wand" WeChat public account; GMTEight Editor: Li Fo.