Social Security Fund's Portfolio Adjustment Path Becomes Clear in Last Quarter of Last Year, New Holdings in 22 Targets

Gelonghui March 23 | According to Securities Daily, the National Social Security Fund is regarded as a “ballast stone” of long-term capital in the capital market. Recently, as listed companies continue to disclose their annual reports, the changes in their holdings for the fourth quarter of 2025 are gradually emerging. As of press time, the social security fund appeared in the top ten circulating shareholders of 54 A-shares in the fourth quarter of last year, with a total shareholding of 1.32 billion shares and a total market value of 22.652 billion yuan. Based on the known trading patterns, in the fourth quarter, the social security fund newly invested in 22 stocks, increased holdings in 14 stocks, reduced holdings in 8 stocks, and maintained holdings in 10 stocks. These rebalancing actions continue the long-term value investment logic and highlight a strategic layout in emerging sectors. From the disclosed data, among the 22 newly invested stocks are China National Materials, Sunlord Electronics, Hongqiao Holdings, and Kelun Pharmaceutical, mainly concentrated in hardware equipment, biomedicine, and chemical industries. Additionally, among the 14 stocks increased by the social security fund, notable positions include China Merchants Shekou, Focus Technology, and Zangge Mining.