【华西非银】2025Q3公募持仓点评：券商板块获增配，保险持仓环比回落

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“华西研究”小程序全面升级！专业研值，一镜到底！华西非银事件概述公募基金2025年三季报披露完毕。截至2025Q3末，主动基金（不含QDII基金和被动指数型基金，且剔除指数增强基金，下同）重仓持股中，非银金融板块配置比例为1.20%（含同花顺），环比-0.06pp，相比沪深300行业总市值占比低配8.48pp。（一）证券板块配置比例边际抬升但仍显著低配在主动基金重仓持股口径下，三季度末证券板块配置...

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