70 listed companies with heavy social security funds hold 12 stocks for 12 consecutive quarters.

With the disclosure of 20021Annual Report by more and more listed companies, the status of social security funds as "investment vane" by long-term investors is becoming more and more clear.

Judging from the shareholding situation, long-term investment is still the basic investment concept, and some stocks have been held by social security funds for more than 9 years. Among the disclosed heavyweight stocks of social security funds, many stocks achieved year-on-year growth at 202 1. Judging from the stock price performance, since the fourth quarter of last year, there have been as many as 14 social security funds whose stock prices have risen by more than double digits. From the perspective of specific industry distribution, the electronic sector is the most "preferred". Generally speaking, the social security fund is still biased towards the manufacturing sector without changing the long-term investment orientation.

Favor manufacturing industry

Electronic components become the "big family" of heavy stocks.

In addition, among the listed companies that have published their annual reports, there are still 8 stocks heavily held by the Social Security Fund, and the market value of their positions all exceeds 654.38+0 billion yuan, followed by China Jushi, Zhongke Chuangda, Oriental Fortune, Chineydy, Farah Electronics, CITIC Special Steel, Genesis and Changchun High-tech.

In terms of "new entry", the data of Oriental Fortune Choice shows that in the fourth quarter of last year, Oriental Fortune was newly entered by the National Social Security Fund 108, corresponding to a market value of 174 billion yuan, accounting for 0.45% of the outstanding shares, which is the stock with the highest market value newly held by the Social Security Fund in the current annual report. In addition, Jinbo, China Shenhua, Yunnan Aluminum, Ziguang and other 14 stocks were newly held by the Social Security Fund in the fourth quarter of last year.

In the fourth quarter of last year, the Social Security Fund increased its holdings of 20 stocks, including Zijin Mining, Nangang, China Guanghe and CITIC Special Steel. Among them, Zijin Mining holds the largest number of shares, with 765,438+065,438+040,000 shares; Nangang, China Guanghe and CITIC Special Steel were increased by 56.94 million shares, 28.95 million shares and106,000 shares respectively, ranking second, third and fourth temporarily.

From the perspective of industry distribution, in the fourth quarter of last year, the social security fund "favored" the electronic components sector, holding 8 electronic components stocks such as Farah Electronics and Shunluo Electronics. At the same time, three stocks in the traditional food consumption industry were also heavily held by the social security fund, including Jinhe Industry, Fuling Zhacai and Liangpin Shop. In addition, the social security fund is also involved in stocks of manufacturing industries such as chemicals, cement and auto parts.

In addition to the above-mentioned industries, there are also three stocks in the pharmaceutical biology sector that have been heavily held by the Social Security Fund, namely Changchun Gaoxin, Huaxi Bio and Encyclopedia Bio, and the number of positions has not changed much.

Compared with the third quarterly report of 20021,the industry distribution of heavy stocks of social security funds is mainly concentrated in manufacturing fields such as electronics and medical devices. With the disclosure of 20021annual report, the investment style, position structure and stock exchange of social security funds will become more and more clear.

Locking Beixin Building Materials for 9 consecutive years

Due to the long-term and large-scale characteristics of funds, the investment style of social security funds has always been based on long-term value investment, focusing on the liquidity of individual stocks and the profitability of enterprises, and favoring large-cap companies. The special meeting held by the State Council Financial Stability and Development Committee on March 16 emphasized that financial institutions should proceed from the overall situation and firmly support the development of the real economy. Long-term institutional investors are welcome to increase their shareholding ratio.

In addition to focusing on "long-term holding", social security funds also prefer blue-chip stocks. Most of the stocks in the above 14 social security fund increased year-on-year on 202 1. Among them, the net profit of Zangge Mining, Yunnan Aluminum, Wanhua Chemical and China Jushi all increased by more than 65,438+000% year-on-year. From the stock price performance, during the five months from 202 1, 10 (the first trading day of the month) to March 25th, 2022, among the 70 stocks held by the social security fund, as many as 14 stocks rose by more than 10%, with the highest increase of 44.7%.

Wu, an analyst at china galaxy Securities, said, "With the continuous entry of social security funds, pensions, enterprise annuities, bank wealth management and insurance funds, and the allocation of equity assets by residents' savings funds, the institutionalization trend of investors in China's capital market will be further accelerated. "(Note: the calculation of market value in this article is based on February closing price of 202 1 65438+3 1).