Reporters found that there were two major changes in the overall repositioning of public funds in the third quarter: on one hand, actively managed equity funds increased their positions, with their stock holdings reaching nearly a 10-year high. On the other hand, the biggest change in the allocation of actively managed equity funds in the third quarter was that new energy became the top industry for increased holdings, while utilities, representing "dividends," became the top industry for reduced holdings. In terms of performance, actively managed equity funds saw a significant rebound in the third quarter, with over 90% of them achieving positive returns and a median return of about 10%. However, industry experts believe that the increase in positions of actively managed equity funds in the third quarter was mainly due to the rise in stock prices, while the decrease in shares and the pressure of net redemptions on funds have not changed