Cross-Shareholdings

Policy shareholdings (政策保有株式) exactly as disclosed in each company's annual securities report: what each company holds, who holds whom back, and how fast the unwind is running. Coverage: every listed filer that discloses named policy holdings, five fiscal years of filings, each company shown on its latest.

Positions Reduced Against Positions Added

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A position counts as cut (or added) when its as-filed share count is lower (higher) than the prior-year column of the same filing. Two disclosed caveats: share-count additions can include stock splits (a 2×/3×/5× jump in shares with an unchanged position is usually a split, not a purchase); and the table's Δ value column compares fair-valued book values, so market price moves are inside it — a filer can be cutting positions while its Δ value rises in a rising market. Both input columns are official figures as filed; the comparisons are calculated by the platform.

Filer Detail

Book values are official statistics as filed; Δ value and the reduced/increased counts are calculated from the two as-filed columns.

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