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

As listed companies gradually disclose their annual reports, a new batch of social security funds’ heavy holdings have come to light.

According to data from Securities Times · Data Treasure, based solely on the top ten circulating shareholders of listed companies, as of the close on March 25, 69 stocks have social security funds (including “basic pension funds”) among their top ten circulating shareholders. These funds hold 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 with a market value over 1 billion yuan

Based on shareholdings, China Merchants Shekou, Nanshan Aluminum, CNOOC Development, Nanjing Steel, and others each hold over 100 million shares, specifically 222 million, 164 million, 122 million, and 108 million shares respectively. Six stocks have a year-end market value exceeding 1 billion yuan, including China Merchants Shekou, Zangge Mining, China Jushi, and others.

By the end of 2025, China Merchants Shekou’s social security fund holdings are valued at 1.921 billion yuan. Two social security funds rank as the fifth and sixth largest circulating shareholders. The National Social Security Fund 112 Portfolio increased its holdings in Q4 and has been steadily accumulating since Q3 2022. The company recently held an earnings presentation, stating that the outlook for the industry and the company’s returns will gradually stabilize, moving out of a rapid decline phase and entering a bottoming stage.

Zangge Mining’s social security fund holdings are valued at 1.646 billion yuan. The National Social Security Fund 103 Portfolio holds 19.5 million shares and increased its holdings by 1.5 million shares in Q4, maintaining a heavy position for four consecutive quarters. During the earnings presentation, the company disclosed the production status of new projects, including the Mami Cu salt lake project, which plans to be built in two phases with an annual capacity of 100,000 tons of lithium carbonate, with the first phase planned for 50,000 tons. Looking ahead, the first phase of the Mami Cu salt lake project is expected to be fully operational by Q3 2026, entering the capacity release period.

From the market performance perspective, 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. Leading stocks include Yaxiang Integration, High Energy Environment, Baofeng Energy, and Shouhua Gas, with gains of 109.4%, 88.21%, 54.61%, and 54.51%, respectively.

24 stocks newly added to heavy holdings

Considering only the top ten circulating shareholders, 24 stocks saw new social security fund holdings in Q4 2025. Among them, Hongqiao Holdings, Kelun Pharmaceutical, Putailai, China National Materials Technology, and Tianhua New Energy each had a market value exceeding 300 million yuan at year-end.

Hongqiao Holdings’ top ten circulating shareholders list shows that two basic pension funds simultaneously increased their holdings, totaling a market value of 434 million yuan. The company achieved a net profit attributable to shareholders of 17.864 billion yuan in 2025, a year-on-year increase of 3.69%, and plans to distribute cash dividends of 3.258 billion yuan.

Kelun Pharmaceutical saw multiple institutional funds increase their holdings in Q4 2025, including the new entry of the National Social Security Fund 416 Portfolio, which held 19.5 million shares worth 409 million yuan. Meanwhile, both the Stock Connect and two equity funds also increased their holdings. The company has recently made rapid progress with new drugs, releasing two announcements since March about product registration approvals and two about new drug clinical trial approvals by the National Medical Products Administration.

Social security funds favor growth sectors more, with the most new heavy holdings in the pharmaceutical biology, electronics, and electrical equipment industries, with 4, 3, and 3 stocks respectively.

Over 70% of heavy holdings report positive earnings

In terms of performance, 66 stocks held by social security funds have published their 2025 annual reports. Among them, 41 stocks are expected to see year-over-year growth in net profit attributable to shareholders, 3 stocks are expected to turn profitable from losses, and 4 stocks are expected to reduce losses, with an overall positive earnings report rate exceeding 70%.

Xiangcai Securities has the highest year-over-year increase in net profit, reaching 464 million yuan in 2025, up 325.15%. The company stated in its annual report that its core wealth management business line achieved leapfrog development, with revenue reaching new highs, including commission income and investment advisory revenue hitting historic levels, and margin financing and securities lending interest income and product sales also performing well in recent years.

Dajin Heavy Industry achieved a net profit attributable to shareholders of 1.103 billion yuan in 2025, a new high since listing, up 132.82%. The company was also heavily held by equity funds, insurance funds, Stock Connect, brokerages, and social security funds at the end of Q4.

In recent years, offshore wind equipment exports have been strong. Dajin Heavy Industry recently stated in response to inquiries that by the end of 2025, the company’s total overseas order backlog exceeds 10 billion yuan, mainly scheduled for delivery over the next two years, covering offshore wind projects in the North Sea, Baltic Sea, and other regions.

Disclaimer: All information from Data Treasure does not constitute investment advice. The stock market involves risks; invest cautiously.

Proofread: Yang Lilin