On July 22, CATL (03750.HK) fell 3.04% intraday, trading at 606.5 HKD per share, with turnover of approximately 742 million HKD.

The decline was triggered by the full disclosure of mutual fund Q2 reports, which revealed that CATL has been significantly reduced by public funds. Although still ranked as the fifth-largest heavy holding among active equity funds, multiple prominent funds including Xingquan Herun have removed CATL from their top ten positions. Capital has been aggressively rotated toward AI hardware and semiconductor sectors, with optical communication leaders such as Zhongjixuchang receiving substantial inflows.

Additionally, CATL has seen cumulative shareholder reductions of approximately 25.483 billion yuan year-to-date, with institutional capital continuing to flow out of the new energy sector into semiconductors and computing power segments, creating sustained downward pressure on the stock price. The broader fund rebalancing trend reflects a structural shift in allocation preferences from traditional new energy toward technology-driven themes.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)