Three Subtext Behind The Increase In Social Security

　　 63 stocks win social security favor

As of March 26th, the A share issue of the annual report has been released. Social security fund In the fourth quarter of last year, a total of 63 stocks were added. Among them, 31 stocks belong to the additional investment in the original position, and the other 32 stocks are new warehouse varieties in the fourth quarter of last year.

Overall, the social security fund held a total of 554 million 644 thousand and 900 shares of the 63 stocks at the end of last year, compared with the 296 million 856 thousand and 900 shares at the end of the three quarter of last year, the increase in positions was 87%. From the proportion of circulating shares, the proportion of circulating shares of social security funds held by the 63 stocks at the end of last quarter was 2.13% on average, while the proportion of circulating shares in social security funds held at the end of three quarter averaged 1.70%. According to the two figures of the number of shares and the proportion of shares held in circulation, the social security fund seems to be more likely to see the stock market in the fourth quarter of last year.

In 63 social security Additional shares The 31 stocks belong to a variety of additional investments based on the end of the three quarter of last year. Among them, in terms of changes in the proportion of shares held in circulation, he Kang (300048), evergreen (300195), Hangzhou oxygen share (002430), Changchun high and new (000661) and Jin Zhengda (002470) were most heavily supported. It is worth noting that in the fourth quarter of last year, the proportion of shares outstanding in the 5 A shares increased by 2.06, 1.69, 0.99, 0.96 and 0.92 percentage points respectively at the end of the three quarter.

Apart from 31 old stocks that were added to the warehouse, another 32 A shares were newly built by the social security fund in the fourth quarter of last year. From the number of warehouse positions, Pingmei shares (601666), Sinopec (600028) and Shaanxi drum power (601369) were the largest holdings, reaching 73 million 657 thousand and 400 shares, 33 million 707 thousand shares and 21 million 51 thousand and 500 shares respectively. From the proportion of shares in circulation, Songcheng shares (300144), zambiu Technology (002637) and Jinbei electrician (002533) share the largest share, 9.35%, 4.37% and 4.14% respectively.

　 Cyclical industry is popular.

Analysis of the social security fund in the fourth quarter of last year, we can find the following two secrets. First, the share of the machinery and equipment industry is significantly larger; second, the motherboard stock is more popular.

From the industry perspective, five stocks accounted for a larger proportion of the 63 social security funds in the fourth quarter of last year, including machinery and equipment, chemical industry, pharmaceutical and biological products, transportation equipment and electronics. The number of stocks added to it was 14, 9, 6, 5 and 4 respectively.

It is not hard to find that although the real estate regulation policy has a significant suppression effect on cyclical stocks, but in the first quarter of this year, the social security fund increased its value in the fourth quarter of last year. Cyclical industry Up. At the same time, this feature is also obvious in the shares of the social security fund in the fourth quarter of last year's newly built stock, that is, cyclical stocks are more concerned, and machinery and equipment share the same maximum, reaching 6.

In terms of style, in the fourth quarter of the 63 social security funds, 23 stocks belong to the Shanghai main board market, 11 stocks belong to the Shenzhen main board market, 13 stocks belong to the GEM market, and 16 stocks belong to the small and medium-sized board market. It can be found that the social security fund is mainly based on the Shanghai and Shenzhen main board market, and the proportion of these two market stocks is 54%. For the gem and small and medium board stocks, social security funds seem not very pessimistic, especially for the GEM stocks which were deterred by the former investors. The four quarter of the social security increased by 13, indicating that the value recognition of some GEM stocks after the return of shares rose.