The Position Chart Of Social Security Funds In The Third Quarter Is Exposed, Advancing Into "big Consumption" And Favoring "hard Technology"

As a long-term fund, social security funds have made frequent moves recently. According to statistics from a reporter from Shanghai Securities News, as of the end of the third quarter of 2023, social security funds (including basic pension insurance funds) have appeared among the top ten tradable shareholders of 714 A-share listed companies, and 161 companies have withdrawn at the same time. Among them, big consumption and hard technology became the "darlings" of social security funds in the third quarter, and received large-scale increases in positions.

A report recently released by the Social Security Fund shows that since its entrusted operation in December 2016, the basic pension fund has accumulated investment income of 267.082 billion yuan, with an average annual investment return of 5.44%. The exposure of the social security fund’s position chart for the third quarter has also attracted investors’ attention to its new flavors and strategies.

From the perspective of industry distribution, social security funds significantly increased their holdings of consumer companies such as home appliances and food and beverages in the third quarter, with increases reaching 47.43% and 47.39% respectively. At the end of the third quarter, the value of the stock holdings was 4.711 billion yuan and 7.838 billion yuan respectively. . Commercial retail, textile and clothing, public utilities, coal and other industries are also key areas for social security funds to increase their holdings, with an increase of more than 30%.

"The consumer sector has been adjusting over the past year and is currently at a position with a high margin of safety in valuations." Liu Chang, head of the large consumer group of Huafu Securities and chief analyst of the food and beverage business, told reporters that for social security companies that pursue certainty and stability For funds, adding positions in consumer stocks is a better choice. The recovery in consumption will have a certain degree of sustainability.

In addition, the Social Security Fund reduced its holdings in industries such as electronics, nonferrous metals, petroleum and petrochemicals, and environmental protection in the third quarter.

The social security fund's increase in positions was significantly larger than that of the GEM and the main board. As of the end of the third quarter, the Social Security Fund held 346 million shares of companies on the Science and Technology Innovation Board, an increase of 6% from the previous quarter, while the growth rates of the GEM and the main board were 1.87% and 2.61% respectively.

The relevant person in charge of the Social Security Fund recently stated that in 2022, the Social Security Fund will add two domestic stock entrusted products, namely sustainable investment and strategic emerging investment, for the first time, focusing on investing in green and low-carbon fields and strategic emerging industries.

Currently, among the 56 companies on the Science and Technology Innovation Board that have been added or increased by the Social Security Fund, 29 have holdings with a market value of over 100 million yuan. Among them, Lianrui New Materials, a leading company in new materials silicon powder, Otway, a well-known high-end intelligent equipment manufacturing company in the photovoltaic and lithium battery industries, and companies deeply involved in "Zhongke Star Map" and other companies, all have shares held by social security funds, with market value Both exceeded 400 million yuan.

In addition to hard technology, social security funds are also very optimistic about biomedicine. According to statistics, from the perspective of market value, performance and other dimensions, the reporter's circulating market value is less than 10 billion yuan, ROE in 2021-2022 exceeds 15%, ROE in the first half of this year exceeds 7%, and revenue and net profit in the third quarter of this year have a year-on-year growth rate of more than 15%. 10% and other conditions to filter. According to statistics, there are only 6 companies that meet the above conditions. Looking at these six "small but beautiful" companies, except for Oujing Technology and Dolly Technology, the other four are biopharmaceutical companies.

标签： #Social Security #Fund #Quarterly #Market Capitalization #Technology