Just opened a position! Social Security Fund's new stock holdings revealed, with 5 stocks totaling over 300 million yuan in heavy positions

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With the annual reports of listed companies being disclosed one after another, a new batch of heavily held stocks by social security funds is emerging.

According to the Securities Times·Data Treasure, as of the close on March 25, 69 individual stocks showed the presence of social security funds (including “basic pensions,” hereinafter the same) among the top ten circulating shareholders, holding a total of 1.661 billion shares, with a market value exceeding 27.4 billion yuan as of the end of Q4 2025.

6 stocks have a market value of over 1 billion yuan.

According to the shareholding statistics, the social security fund’s shareholding in China Merchants Shekou, Nanshan Aluminum, CNOOC Development, and Nanjing Steel each exceeded 100 million shares, amounting to 222 million shares, 164 million shares, 122 million shares, and 108 million shares respectively; there are 6 stocks with a market value exceeding 1 billion yuan at the end of the year, including China Merchants Shekou, Zangge Mining, and China Glass.

The market value of the social security fund’s holdings in China Merchants Shekou reached 1.921 billion yuan at the end of 2025, with two social security funds ranking as the fifth and sixth largest circulating shareholders. The National Social Security Fund 112 portfolio increased its position in the fourth quarter, having consistently held a significant position since the third quarter of 2022. The company recently held a performance briefing, indicating that the future returns of the real estate industry and the company will gradually stabilize, moving out of the rapid decline trend and entering a bottoming phase.

The market value of the social security fund’s holdings in Zangge Mining is 1.646 billion yuan, with the National Social Security Fund 103 portfolio holding 19.5 million shares and increasing its holdings by 1.5 million shares in the fourth quarter, having consistently held this stock for four consecutive quarters. The company disclosed the new project production situation during the performance briefing, with the Mami Cuo Salt Lake project planned to be built in two phases, with an annual production capacity of 100,000 tons of lithium carbonate, and the first phase planning for an annual production of 50,000 tons of lithium carbonate. Looking ahead, the first phase of the Mami Cuo Salt Lake project is expected to be fully operational in the third quarter of 2026, entering the capacity release period.

From a market perspective, the stocks heavily held by social security funds have performed well since the beginning of the year, with an average increase of 8.42%, outperforming the CSI 300 Index by over 10 percentage points. Yaxing Integration, High Energy Environment, Baofeng Energy, and Shouhua Gas have seen the highest cumulative increases, reaching 109.4%, 88.21%, 54.61%, and 54.51% respectively.

24 stocks received new heavy positions.

Considering only the top ten circulating shareholders, 24 individual stocks were newly added to the social security fund’s heavy positions in the fourth quarter of 2025, including Hongqiao Holdings, Kelun Pharmaceutical, Putailai, China National Materials, and Tianhua New Energy, with each having a market value of over 300 million yuan at the end of 2025.

The list of top ten circulating shareholders for Hongqiao Holdings shows that two basic pension funds simultaneously established heavy positions in this stock, with a total market value of 434 million yuan. The company achieved a net profit attributable to the parent company of 17.864 billion yuan in 2025, a year-on-year increase of 3.69%, and plans to distribute a cash dividend of 3.258 billion yuan.

Kelun Pharmaceutical received increased investments from multiple institutional funds in the fourth quarter of 2025, with the National Social Security Fund 416 portfolio establishing a heavy position, reaching a market value of 409 million yuan. At the same time, Stock Connect and two equity funds also increased their holdings in the company’s stock. The company has frequently reported progress on new drugs recently, having issued two announcements regarding product registration approvals and two announcements regarding new drug clinical trial applications approved by the National Medical Products Administration since March.

The social security fund shows a greater preference for growth sectors, with the most individual stocks in the newly established heavy positions coming from the pharmaceutical, electronics, and electrical equipment industries, totaling 4, 3, and 3 respectively.

Over 70% of heavy position stocks reported positive performance.

In terms of performance, among the stocks heavily held by social security funds, 66 have announced their 2025 annual reports, with 41 stocks expected to achieve year-on-year growth in net profits attributable to the parent company, 3 stocks expected to turn losses into profits, and 4 stocks expected to reduce losses, with an overall positive reporting ratio exceeding 70%.

Xiangcai Co., Ltd. recorded the highest year-on-year increase in net profit, achieving a net profit attributable to the parent company of 464 million yuan in 2025, a year-on-year increase of 325.15%. In the annual report, the company stated that the core business of Xiangcai Securities’ wealth management line achieved leapfrog development in 2025, with revenue scale achieving excellent results, including commission income and investment advisory business income both reaching historically high levels, and financing and margin trading interest income and product sales income also performing well in recent years.

Dajin Heavy Industry achieved a net profit attributable to the parent company of 1.103 billion yuan in 2025, a new high since its listing, with a year-on-year increase of 132.82%. The company received heavy positions from equity funds, insurance capital, Stock Connect, securities firms, and social security funds at the end of the fourth quarter.

In recent years, the export momentum of wind power equipment has been strong. Dajin Heavy Industry recently stated in response to questions from investors that as of the end of 2025, the total amount of overseas orders in hand exceeded 10 billion yuan, primarily concentrated on deliveries in the next two years, covering multiple offshore wind power project clusters in the North Sea and the Baltic Sea in Europe.