The annual report of 2021 has entered an intensive period, and the position adjustment path of institutional investors in the fourth quarter of last year has become more and more clear.
securities fund heavy position big blue chip
In the fourth quarter of last year, the national team with securities and Huijin as the main force (including securities, Huijin, securities asset management, securities customized fund and the investment platform of the safe) made a small position adjustment.
As of the closing on April 7, in the disclosed 2021 annual report of listed companies, the national team appeared on the list of the top ten circulating shareholders of 367 companies. Among them, Guangzhou Zhujiang Brewery Co.Ltd(002461) one new company increased its holdings of 7 companies and reduced its holdings of 295 companies, while the number of shares held by other companies remained unchanged.
Financial stocks are still the heavy positions of the national team in the fourth quarter of last year. According to the latest stock market value, 16 companies with a stock market value of more than 10 billion yuan held by the national team have become financial stocks, and the other five are Kweichow Moutai Co.Ltd(600519) , Crrc Corporation Limited(601766) , China Shenhua Energy Company Limited(601088) , China Railway Group Limited(601390) , China Petroleum & Chemical Corporation(600028) .
Specifically, Agricultural Bank Of China Limited(601288) is the company with the largest number of shares increased by the national team, with the number of shares increased to 1.255 billion, and the shareholding proportion (accounting for 44.47% of the total share capital) after the increase. Followed by Aluminum Corporation Of China Limited(601600) and China Eastern Airlines Corporation Limited(600115) , with an increase of 926384 million shares and 796169 million shares.
public funds focus on manufacturing
According to wind data, the average net value growth rate of all public funds in 2021 was 6.06%. In the same period, the CSI 300 index fell by 5.2%, and the average yield of public funds outperformed the CSI 300 index by 11.26 percentage points. Moreover, by the end of 2021, the share of equity assets in public fund assets had increased by 0.7 percentage points compared with the end of 2020. Public funds outperformed the market against the trend, which also made their shareholding changes concerned by the majority of investors.
In terms of industry, the manufacturing industry is the industry most favored by public funds. The market value of positions is as high as 4.7 trillion yuan, accounting for 66.96% of the total stock assets. The financial industry and information transmission, software and information technology service industry follow closely, with the market value of positions accounting for 7.37% and 4.19% of the total stock assets respectively.
China stock market news, Eve Energy Co.Ltd(300014) , Sungrow Power Supply Co.Ltd(300274) , Byd Company Limited(002594) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Will Semiconductor Co.Ltd.Shanghai(603501) entered the ranks of the top 20 heavy positions of public funds in 2021. Among them, Eve Energy Co.Ltd(300014) , Sungrow Power Supply Co.Ltd(300274) , Byd Company Limited(002594) is closely related to new energy, Unigroup Guoxin Microelectronics Co.Ltd(002049) , Will Semiconductor Co.Ltd.Shanghai(603501) belongs to the semiconductor industry.
However, investors should note that new energy related stocks have entered the top 20 heavy positions of public funds, mainly due to the huge increase of related stocks in 2021, the large increase of fund position market value, and the decrease of the number of individual stocks. For example, Eve Energy Co.Ltd(300014) 2021 increased by 45.01%, and the total market value of the shares held by public funds increased by 12.282 billion yuan, but the shares held by public funds decreased by 32 million shares compared with the end of 2020.
The public fund held 2371 additional shares in 2021, and Agricultural Bank Of China Limited(601288) , Industrial And Commercial Bank Of China Limited(601398) , China State Construction Engineering Corporation Limited(601668) , Focus Media Information Technology Co.Ltd(002027) 4 shares were increased by more than 1 billion shares in the public fund in the fourth quarter. In addition, the public fund has newly acquired Lecron Industrial Development Group Co.Ltd(300343) about 137 million shares, accounting for 14.47% of the outstanding shares.
According to the market, the sci-tech innovation board is most popular with public funds. Among the top ten stocks with the highest proportion of increased holdings of circulating shares, 9 are just the Sci-tech Innovation Board stocks. For example, Zhuzhou Crrc Times Electric Co.Ltd(688187) , at the end of the third quarter of 2021, the public funds held only 25.52 million shares, increased their positions to 89.26 million shares in the fourth quarter, and increased their holdings of 63.74 million shares, while their total outstanding shares were 175 million, accounting for more than 36% of the outstanding shares. Many public funds such as China Europe times pioneer and Cinda Aoyin new energy industry entered the ranks of Zhuzhou Crrc Times Electric Co.Ltd(688187) top 10 outstanding shareholders.
Ping An Insurance (Group) Company Of China Ltd(601318) , Midea Group Co.Ltd(000333) , Jiangsu Hengrui Medicine Co.Ltd(600276) , Sany Heavy Industry Co.Ltd(600031) , S.F.Holding Co.Ltd(002352) fell out of the top 10 heavy positions of public funds China Coal Energy Company Limited(601898) was reduced by 104 million shares by public funds in the fourth quarter of last year. It is the only listed company that has been reduced by more than 100 million shares so far. Six shares, including Maanshan Iron & Steel Company Limited(600808) , China First Heavy Industries(601106) , Dima Holdings Co.Ltd(600565) , China Baoan Group Co.Ltd(000009) , were also reduced by more than 50 million shares in the fourth quarter.
Increase of private equity
Private placement is more flexible than public offering, and its performance was better last year. According to GESHANG research statistics, the average return of the private placement industry in 2021 was 12.43%, of which the average return of quantitative stock long managers was as high as 22.05%, and about 70% of the products achieved positive returns.
The manufacturing industry is still the industry with the heaviest position in private placement, and the mining industry, wholesale and retail industry are also the focus of private placement.
Kweichow Moutai Co.Ltd(600519) is the most popular private placement. The total market value of private placement is up to 23.2 billion yuan. It is the only private placement stock with a market value of more than 10 billion yuan. Jinhui Rongsheng No. 3 private equity securities investment fund is the most active, with a Kweichow Moutai Co.Ltd(600519) market value of nearly 12.2 billion yuan, and increased its position of Kweichow Moutai Co.Ltd(600519) more than 310000 shares in the fourth quarter of last year. According to the latest distribution plan of 216.75 yuan per 10 shares in Maotai, the private equity can get 128 million yuan of dividends in Maotai alone. Ruifeng Huibang No. 3 private equity investment fund also has a market value of 11.5 billion yuan, holding Kweichow Moutai Co.Ltd(600519) and China Shenhua Energy Company Limited(601088) 2 shares. It also increased its position by Kweichow Moutai Co.Ltd(600519) more than 260000 shares in the fourth quarter of last year.
Trs Information Technology Co.Ltd(300229) is the largest private equity increase at present, with a total increase of 38.15 million shares in the fourth quarter of last year. The increase is mainly due to the acquisition of 3 Luolai Lifestyle Technology Co.Ltd(002293) 788 million shares by Botai selected No. 1 private securities investment fund through agreement transfer, accounting for 5.3% of the total share capital.
Fujian Minfa Aluminium Co.Ltd(002578) , the largest number of shares increased by private placement through the secondary market, increased a total of 27.15 million shares in the fourth quarter of last year Zhejiang Yilida Ventilator Co.Ltd(002686) , Meihua Holdings Group Co.Ltd(600873) , Zijin Mining Group Company Limited(601899) , and Shanghai Milkground Food Tech Co.Ltd(600882) , Pci Technology Group Co.Ltd(600728) , Shenzhen Sunlord Electronics Co.Ltd(002138) also obtained an increase of more than 20 million shares in the fourth quarter.
The star private placement fund under Gao Yi, which has attracted much attention, increased its holdings of Wanhua Chemical Group Co.Ltd(600309) , China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Zijin Mining Group Company Limited(601899) , etc.
Among them, Gaoyi Xiaofeng Hongyuan collective fund trust plan has newly acquired Wanhua Chemical Group Co.Ltd(600309) more than 12.16 million shares. In addition, Jinglin assets made a bottom reading in the fourth quarter Chongqing Fuling Zhacai Group Co.Ltd(002507) , China Merchants Property Operation & Service Co.Ltd(001914) , Ruiyang Xinjin Flat Glass Group Co.Ltd(601865) and Wuxi Nce Power Co.Ltd(605111) , juming bought Avic Heavy Machinery Co.Ltd(600765) , and Lin Peng’s harmonious Huiyi Xinjin Xinjiang Goldwind Science And Technology Co.Ltd(002202) .
insurance capital heavy position financial stocks
According to wind data, as of the closing on April 7, the top ten circulating shareholders of 156 A-share listed companies had insurance capital, with a total market value of 1074.3 billion yuan.
Ranked by the market capitalisranking by the market capitalisranking by the market value of the position that holds the top ten shares in the market value of the risk capital, which is ranked by the market value ranking by the market value of the position that holds the market value. The top ten stocks in the market value of the risk capital that holds the market value of the risk capital are temporarily 601626286016262860162628 \ , Agricultural Bank Of China Limited(601288) .
According to the classification of Shenwan level industries, the total market value of insurance capital positions in non bank financial industries in 2021 reached 582.4 billion yuan, and the market value of positions temporarily accounted for 54% of the total market value of insurance capital positions; Followed by banks, with a total market value of 414.8 billion yuan.
According to individual stocks, the top five companies with the highest number of increased holdings of insurance capital in the fourth quarter of last year were China Communications Construction Company Limited(601800) , China Petroleum & Chemical Corporation(600028) , China Aerospace Times Electronics Co.Ltd(600879) , China Shenhua Energy Company Limited(601088) and China Vanke Co.Ltd(000002) In addition, in the fourth quarter of last year, a number of companies received new additional shares of insurance capital, including Zhuzhou Times New Material Technology Co.Ltd(600458) , Cmst Development Co.Ltd(600787) , Guodian Nanjing Automation Co.Ltd(600268) , Gansu Qilianshan Cement Group Co.Ltd(600720) , Anhui Tongfeng Electronics Company Limited(600237) .
Recently, more than ten large and medium-sized insurance asset management companies have made research and judgment on the equity market from the perspective of long-term institutional investors. Many insurance asset managers said that they have been firmly optimistic about the development prospect of China’s capital market for a long time. After the release of valuation pressure in the previous two months, the market valuation has returned to a reasonable level. Several institutions mentioned that the market experienced short-term irrational adjustment in the early stage, which also provided a good opportunity for the long-term layout of high-quality tracks.
niusan layout new energy concept
According to the disclosed annual report, Ge Weidong appeared in the list of circulating shareholders of Chengxin Lithium Group Co.Ltd(002240) , Yonyou Network Technology Co.Ltd(600588) , Shandong Kaisheng New Materials Co.Ltd(301069) and beiteri, while Zhao Jianping appeared in the list of circulating shareholders of Beijing Sun-Novo Pharmaceutical Research Co.Ltd(688621) and Fang Deji appeared in the list of circulating shareholders of Jinyuan Ep Co.Ltd(000546) .
Taking Chengxin Lithium Group Co.Ltd(002240) held by GE Weidong as an example, the company’s main businesses include lithium mining and beneficiation, production and sales of basic lithium salt, metal lithium and rare earth products, and a small amount of forest business. The stripping of rare earth business was completed in May 2021, focusing on lithium battery products.
Chengxin Lithium Group Co.Ltd(002240) annual report shows that in 2021, the company’s lithium product output was about 40000 tons, an increase of 90.5% year-on-year; The sales volume was about 42000 tons, a year-on-year increase of 108.88%. The revenue of lithium products business was 2.785 billion yuan, accounting for 94.92% of the total revenue, with a year-on-year increase of about 3 times; The gross profit margin reached 47.78%. The Jinyuan Ep Co.Ltd(000546) of Fang Deji’s position is transforming to new energy Jinyuan Ep Co.Ltd(000546) its main business is cement and commercial concrete. It acquired Chenyu mining in September last year to transform to the field of lithium battery materials.
