Industry views and key recommendations
As of December 31, 2021, the disclosure of Q4 fund positions in the computer industry in 2021 has been completed. Taking funds and fund management companies as the object of positions, the Q4 positions in the computer industry in 2021 have been analyzed according to wind data statistics. The core conclusions are as follows:
1. The proportion of industrial positions and over allocation fluctuated downward, from 7.53% / 3.07% in Q1 in 20 years to 4.26% / 0.31%, reaching a historical low. Q4 fund positions accounted for 4.26% in 2021, with a year-on-year decrease of 0.87pct and a month on month decrease of 1.08pct. In 2021, the position adaptation ratio of Q4 computer industry was 3.95%, the over allocation was 0.31%, and the month on month decrease was 0.81pct.
2. In the fourth quarter, 125 computer targets were allocated for fund heavy positions, accounting for 44%, and the concentration continued to decline. The number and proportion of computer heavy warehouse allocation targets increased from 105 and 37% in Q4 in 20 years to 125 and 44% in Q4 in 21 years; Q3 increased by 6% and 4pct respectively compared with that in 21 years. On the whole, the trend of heavy warehouse allocation in the industry tends to be scattered. In 2021, Q4 computer industry ranked 11th in terms of the proportion of fund heavy positions in the industry. We measure the allocation concentration by the proportion of securities held in heavy positions. Computers rank 11th in the industry, which is at the upper middle level of concentration.
3. The top ten heavyweight stocks in the computer industry are still dominated by industry leaders
According to the stock market value, the top ten heavyweight stocks in Q4 computer industry in 2021 are Hundsun Technologies Inc(600570) , Glodon Company Limited(002410) , Thunder Software Technology Co.Ltd(300496) , Sangfor Technologies Inc(300454) , Inspur Electronic Information Industry Co.Ltd(000977) , Beijing Kingsoft Office Software Inc(688111) , Beijing United Information Technology Co.Ltd(603613) , Kingdee International, Winning Health Technology Group Co.Ltd(300253) , Hithink Royalflush Information Network Co.Ltd(300033) .
According to the number of funds held, the top ten stocks of Q4 computer industry in 2021 are Hundsun Technologies Inc(600570) , Glodon Company Limited(002410) , Inspur Electronic Information Industry Co.Ltd(000977) , Thunder Software Technology Co.Ltd(300496) , Iflytek Co.Ltd(002230) , Sangfor Technologies Inc(300454) , Yonyou Network Technology Co.Ltd(600588) , Hithink Royalflush Information Network Co.Ltd(300033) , Beijing Kingsoft Office Software Inc(688111) , Winning Health Technology Group Co.Ltd(300253) . Among them, the number of Hundsun Technologies Inc(600570) shareholding institutions has reached 201, and eight of the top ten stocks in the number of shareholding funds are also the top ten heavy warehouse stocks with market value.
Compared with the historical heavy positions, three of the top ten heavy positions have entered the target of the top ten heavy positions. Hundsun Technologies Inc(600570) , Glodon Company Limited(002410) , Thunder Software Technology Co.Ltd(300496) , Sangfor Technologies Inc(300454) , Beijing Kingsoft Office Software Inc(688111) , Beijing United Information Technology Co.Ltd(603613) and Kingdee International ranked among the top ten heavyweight stocks for four consecutive quarters; Inspur Electronic Information Industry Co.Ltd(000977) , Winning Health Technology Group Co.Ltd(300253) and Hithink Royalflush Information Network Co.Ltd(300033) are the top ten heavy stock companies in this period. Compared with the past three quarters, the ranking of the top ten heavy warehouse stocks in Q4 in the past 21 years has changed, but they are all high-quality enterprises in various sub sectors.
Market and sector trend review
Last week, the computer sector rose by 4.40%, the gem index fell by 2.72% in the same period, and the Shanghai and Shenzhen 300 rose by 1.11%. The sector outperformed the market.
Risk tip: the macro-economy is depressed, major changes have taken place in sector policies and major changes have taken place in the international environment.
