---
title: "Riding the AI Wave, Zhongji Innolight Remains Top Heavyweight Stock for Mutual Funds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283731420.md"
description: "In the first quarter of 2026, the A-share market adjusted, with mutual funds slightly reducing their overall equity positions. The average equity positions for stock-type and hybrid-type funds were 88.74% and 78.94%, respectively. Zhongji Innolight retained its position as the top heavyweight stock held by mutual funds, followed by CATL in second place, Eoptolink in third, and TENCENT in fourth. Moutai moved up from the ninth-largest holding to fifth"
datetime: "2026-04-22T22:25:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283731420.md)
  - [en](https://longbridge.com/en/news/283731420.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283731420.md)
---

# Riding the AI Wave, Zhongji Innolight Remains Top Heavyweight Stock for Mutual Funds

Affected by multiple factors, the A-share market adjusted in the first quarter of 2026. Data from Tianxiang Investment Consulting shows that compared to the end of 2025, the overall equity position of mutual funds decreased slightly in the first quarter of 2026, with stock-type and hybrid-type funds having average positions of 88.74% and 78.94%, respectively.

Looking at the heavy holdings of funds, as of the end of the first quarter of 2026, optical module leader Zhongji Innolight remained the top heavyweight stock for mutual funds, with CATL following closely. Eoptolink and TENCENT ranked third and fourth, respectively. Notably, Guizhou Moutai, which was the ninth-largest holding at the end of 2025, rose to become the fifth-largest holding by the end of the first quarter of 2026. (Shanghai Securities News)

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