As a representative of long-term funds, every move of social security fund has attracted much attention. With the gradual disclosure of the annual reports of listed companies, the position adjustment path of social security fund also surfaced in the fourth quarter of last year.
On the whole, as of March 21, among the A-share listed companies that have disclosed the annual report of 2021, the social security fund appeared in the list of the top 10 circulating shareholders of 45 companies, of which 9 companies became the "new favorite" of the social security fund in the fourth quarter of last year. From the perspective of industry distribution, these companies are mainly concentrated in basic chemical industry, electronic equipment, medicine and biology.
social security fund appears in the list of shareholders of these companies
According to China stock market news choice, as of March 21, a total of 45 shares of listed companies were held by the social security fund. In terms of industry distribution, 9 companies belong to the electronic equipment industry, another 9 companies belong to the basic chemical industry, and 5 companies in the pharmaceutical and biological industry. In addition, there are three or more companies in electrical equipment, utilities, information technology and other sectors.
List of social security fund holdings
Source: choice, as of March 21
The performance of many stocks with heavy positions in the social security fund is relatively bright. Among the above 45 listed companies, 19 companies' net profits attributable to the shareholders of the parent company increased by more than 50% year-on-year in 2021. Among them, Xinjiang Zhongtai Chenical Co.Ltd(002092) the net profit attributable to the shareholders of the parent company increased by 176996% year-on-year.
Insiders said that the social security fund has high requirements for the certainty of investment income and tends to realize the steady growth of income through long-term asset allocation, so it often has high requirements for the performance of listed companies.
As for individual stocks, the social security fund holds the highest proportion of Anhui Xinbo Aluminum Co.Ltd(003038) shares, accounting for 7.61% of the company's circulating shares, followed by Changchun Bcht Biotechnology Co(688276) , Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) . In addition to the social security fund, the social security fund is in addition to the social security fund for the social security fund in addition to the social security fund for the 456 theshareholding ratio of 8 companies including also exceeded 3%.
The above targets are also favored by star fund managers. Taking Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) as an example, in the fourth quarter of last year, the 103 portfolio of the national social security fund continued to increase its positions by 14.5 million shares. The Xingquan Herun hybrid managed by Xie Zhiyu and Xingxin new vision hybrid managed by housewarming became the top ten new circulating shareholders of Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) .
Similar to Anhui Xinbo Aluminum Co.Ltd(003038) . Compared with the second round of Hybrid Pension Funds of great wall and Jiadong, the second round of Hybrid Pension Funds of Changjin and Jiadong were selected as the second round of hybrid pension funds.
social security fund newly purchased these stocks
From the perspective of position changes, as of March 21, the social security fund entered the list of the top ten circulating shareholders of nine stocks in the fourth quarter of last year, of which four belonged to the electronic equipment industry. Specifically, China Telecom Corporation Limited(601728) , Triumph Science & Technology Co.Ltd(600552) , China stock market news, Tianrun Industry Technology Co.Ltd(002283) , Xinjiang Zhongtai Chenical Co.Ltd(002092) and other five stocks all hold more than 10 million shares.
In terms of the increase and decrease of holdings, in the fourth quarter of last year, the social security fund increased its holdings of 14 stocks, including Zijin Mining Group Company Limited(601899) 71142900 shares. Specifically, the 103 portfolio of the national social security fund increased its positions by 54.8 million shares, and the 114 portfolio of the national social security fund increased its holdings by 163429 million shares.
It is worth noting that Zijin Mining Group Company Limited(601899) is also the love stock of Deng Xiaofeng, the chief investment officer of Gaoyi assets, a well-known investor. As of the end of last year, the three products managed by Deng Xiaofeng held Zijin Mining Group Company Limited(601899) 940 million shares in total, an increase of 20.8 million shares compared with the end of the third quarter of last year.
In addition, several stocks in the basic chemical sector were increased by the social security fund. In the fourth quarter of last year, the social security fund increased its holdings of China Jushi Co.Ltd(600176) , Lier Chemical Co.Ltd(002258) , Wanhua Chemical Group Co.Ltd(600309) and other stocks by more than 1 million shares.
However, in the operation of China Jushi Co.Ltd(600176) , the differences between different combinations of social security fund and basic endowment insurance fund are more significant. In the fourth quarter of last year, the national social security fund's No. 113 portfolio reduced its holdings of China Jushi Co.Ltd(600176) 8326300 shares, and the basic endowment insurance fund's No. 802 portfolio also reduced its holdings of 4.68 million shares. The national social security fund 101 portfolio, the national social security fund 110 portfolio and the basic endowment insurance fund 808 portfolio all adopted the operation of increasing positions, of which the national social security fund 110 portfolio significantly increased its holdings of 124207 million shares.
While making a large-scale attack, the social security fund also withdrew from some targets.
According to the data as of March 21, in the fourth quarter of last year, the social security fund reduced its holdings of 14 shares, of which Zte Corporation(000063) , Tangshan Sanyou Chemical Industries Co.Ltd(600409) , the number of shares reduced exceeded 10 million.
Taking Zte Corporation(000063) as an example, at the end of the third quarter of last year, the national social security fund 101 portfolio held 357862 million shares and the national social security fund 112 portfolio held 373817 million shares. By the end of last year, the number of shares held by Zte Corporation(000063) the tenth largest circulating shareholder was 28032500, and the above two social security fund portfolios withdrew from the list of Zte Corporation(000063) top ten circulating shareholders, which means that the above social security fund portfolio reduced its total holdings of more than 10 million shares in the fourth quarter.
It is worth noting that from the position adjustment in the fourth quarter, the social security fund is relatively cautious about the pharmaceutical and biological sector. Specifically, the number of shares held by the social security fund in Shandong Wit Dyne Health Co.Ltd(000915) , Apt Medical Inc(688617) , Bloomage Biotechnology Corporation Limited(688363) and other stocks has decreased.
