The annual reports of A-share listed companies in 2021 began to enter the intensive disclosure period, and some heavy positions of China’s 10 billion private placement stocks surfaced. According to the monitoring data from third-party institutions, according to the public information of the annual report, as of the closing on March 21, a total of 22 10 billion private placements appeared in the list of the top ten circulating shareholders of 37 A-share listed companies. Among them, Xinjin holds 16 shares and an additional 4 shares. From the perspective of industry distribution, large consumption, biomedicine, advanced manufacturing and other sectors have become the key direction of 10 billion private equity.
Xinjin holds 16 shares
According to the data, the products of 22 10 billion private equity institutions appear in the list of the top ten circulating shareholders of 37 listed companies that have disclosed their annual reports, with a total market value of 20.133 billion yuan (calculated according to the closing price on December 31, 2021, the same below).
Among the 37 10 billion private placement stocks, after removing the overlapping holdings of different 10 billion private placement, 16 new stocks were held, 4 stocks were increased and 3 stocks were reduced.
Among the shares held by the 10 billion private placement coincidence, there are Qingdao Tgood Electric Co.Ltd(300001) , Jiangsu Kanion Pharmaceutical Co.Ltd(600557) , China National Medicines Corporation Ltd(600511) , Kbc Corporation Ltd(688598) . In terms of individual shares held by Xinjin, Gaoyi asset Xinjin holds Apt Medical Inc(688617) , Wanhua Chemical Group Co.Ltd(600309) , China Jushi Co.Ltd(600176) ; Jinglin asset Xinjin holds consumer shares Chongqing Fuling Zhacai Group Co.Ltd(002507) , property shares China Merchants Property Operation & Service Co.Ltd(001914) ; The newly acquired assets of BOCOM hold non-ferrous shares Nanjing Yunhai Special Metals Co.Ltd(002182) . Judging from the market value of individual shares held by Xinjin, Gaoyi asset Xinjin holds Wanhua Chemical Group Co.Ltd(600309) 1228 million yuan and juming investment Xinjin holds Avic Heavy Machinery Co.Ltd(600765) 888 million yuan.
From the distribution of individual stocks held by 10 billion private placement positions, up to now, the number of individual stocks in the three major industries of medicine and biology, basic chemical industry and power equipment is the largest, reaching 8, 6 and 5 respectively. Other industries with large distribution of heavy warehouse stocks include electronics, national defense and military industry, light industry manufacturing, etc. In addition, from the perspective of the coverage of large sectors, large consumption, biomedicine and advanced manufacturing have become the key directions of 10 billion private equity. Compared with the third quarter of 2021, the shareholding industry preference of 10 billion private placement has not changed significantly.
focus on two major directions
For the latest public shareholding information of 10 billion private placement, Xia fan, vice president of snowball, said that in terms of the positions of more than 40 10 billion private placements sold on a commission basis on snowball, there are roughly two main investment directions that the current head private placement focuses on, one is steady growth, and the other is the new economy. From the perspective of the industry, the industries that have attracted more attention include high-end manufacturing, new infrastructure, energy and chemical industry, military industry, etc., while the hot tracks in previous years, such as medicine and large consumption, continue to receive the attention of 10 billion private placement.
The subjective long private placement managers with excellent performance have different investment styles and show different characteristics in the selection of key stocks. For example, some managers prefer value investment. These managers will pay more attention to the “moat” of key stocks, competition pattern, cash flow, valuation, return on net assets and other factors, hoping to bring relatively sustained and stable returns to the investment target; Some managers prefer to invest in growth stocks. Such managers will pay close attention to the changes in the prosperity of the industry and the target, and focus on the performance growth rather than the valuation. At the same time, it will closely track the changes of upstream and downstream information of the industrial chain such as orders and inventory, hoping to obtain excess returns with the help of the performance of the investment target exceeding expectations.
The person in charge of a large private placement in Shanghai said that from the historical experience, the stock selection direction of head private placement institutions is an investment reference for ordinary investors. But at the same time, head private placement has obvious information advantages in fundamental tracking, and it is not advisable for individual investors to completely copy it. The private placement person further said that it may be a more rational way to keep track of the fundamentals of 10 billion private placement heavy positions and pay attention to the stock price. At the same time, after the continuous adjustment of the A-share market this year, it may have better practical value to buy those heavy warehouse stocks with good growth and performance at a “discount price”.
“On the whole, the heavyweight stocks whose share price has gone out of the trend of rising in the first quarter, or the heavyweight stocks whose share price has sharply corrected, are worthy of key research.” The private placement source said.
