01 说个不一样的发现。 虽然券商的统计显示，主动基金在三季度继续减仓白酒。 但这可能是基于市值维度的数据，三季度中证白酒涨了7.75%，跑输沪深300指数10个点，跑输"偏股混合型基金指数"18个点，白酒跑输较多，导致白酒 在公募基金持仓中的占比被动下降。 | | 25Q3 环比 | 2503 | 2502 | 2501 | 24Q4 | 2403 | 2402 | 2401 | 2304 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 食品饮料 | -1.45 pct | 4.17% | 5.62% | 7.39% | 7.51% | 8.16% | 8.64% | 12.28% | 12.31% | | 自酒 | -0.77 pct | 3.21% | 3.98% | 5.95% | 5.73% | 6.97% | 7.53% | 10.59% | 10.47% | | 啤酒 | -0.22 pct | 0.16% | 0.38% | 0.40% | 0.48% | 0.35% | 0.36% | 0.61% | 0.5 ...