Social Security Fund Heavy-Position Stocks Revealed! These 4 Stocks Have Heavy Positions Exceeding 1 Billion Yuan, New Entries Sweep Up 11 Stocks

11 Stocks Newly Entered Social Security Funds in Q4 2025

As the annual reports of A-share listed companies for 2025 are gradually disclosed, the holdings of social security funds—considered a “ballast” of safety and long-term stability in the capital market—are beginning to surface.

According to data from Securities Times and Data Treasure, based solely on the top ten tradable shareholders of listed companies, as of March 19, 28 stocks had social security funds (including “basic pension funds”) among their top ten tradable shareholders. The total shares held amounted to 880 million, with a market value exceeding 13.2 billion yuan as of the end of Q4 2025.

4 Stocks with Holdings Over 1 Billion Yuan

Based on shareholding volume, China Merchants Shekou, Nanshan Aluminum, and Nanjing Steel each held over 100 million shares, with 222 million, 164 million, and 108 million shares respectively. Four stocks had year-end market values exceeding 1 billion yuan: China Merchants Shekou, Zangge Mining, Shanjin International, and Shantui.

At the end of 2025, China Merchants Shekou’s social security fund holdings were valued at 1.921 billion yuan. Two social security funds ranked fifth and sixth among the top ten tradable shareholders, with one increasing its holdings by 11.2 million shares in Q4. Since Q3 2022, the social security fund has held this stock for 14 consecutive quarters. The company achieved approximately 154.727 billion yuan in revenue in 2025, a 13.53% decrease year-over-year; net profit attributable to shareholders was about 1.024 billion yuan, down 74.65%.

Zangge Mining’s social security fund holdings were valued at 1.646 billion yuan. The National Social Security Fund’s 103rd portfolio held 19.5 million shares and increased holdings by 1.5 million shares in Q4. The company’s 2025 revenue was 3.577 billion yuan, up 10.03% year-over-year; net profit attributable to shareholders was 385.2 million yuan, up 49.32%. It plans to distribute a cash dividend of 15 yuan (tax included) per 10 shares to all shareholders.

Shanjin International’s social security fund holdings were valued at 1.253 billion yuan. The 112th and 106th portfolios of the National Social Security Fund ranked fourth and ninth among the top ten tradable shareholders, holding a combined 51.5058 million shares. Since Q2 2024, the social security funds have held this stock for seven consecutive quarters. Benefiting from a surge in international gold prices, Shanjin International’s 2025 revenue reached 17.099 billion yuan, a 25.86% increase; net profit attributable to shareholders was 2.972 billion yuan, up 36.75%.

Shantui’s social security fund holdings were valued at 1.165 billion yuan, with five social security funds among the top ten tradable shareholders, holding a total of 97.3012 million shares. The company’s 2025 net profit attributable to shareholders was approximately 1.211 billion yuan, up 9.86%, and it plans to distribute a cash dividend of 1 yuan (tax included) per 10 shares.

11 Stocks Newly Entered Social Security Funds in Q4

Focusing only on the top ten tradable shareholders, 11 stocks saw new social security fund holdings in Q4 2025. Among them, seven stocks—Kelun Pharmaceutical, Putailai, Xinnuowei, AVIC High-Tech, GCL Environment, and others—had year-end holdings exceeding 100 million yuan.

Kelun Pharmaceutical was newly held by the National Social Security Fund’s 416th portfolio with 13.9445 million shares, valued at 409 million yuan. The company has not yet disclosed its annual report but announced a share repurchase plan in January, aiming to buy back 50-100 million yuan worth of shares.

Putailai was newly held by the National Social Security Fund’s 502nd portfolio with 13.6693 million shares, valued at 374 million yuan. In 2025, the company achieved revenue of 2.359 billion yuan, up 98.14% year-over-year. Recently, Putailai announced plans to invest in a Malaysia-based project to produce 50,000 tons of lithium-ion battery anode materials annually, with a total investment of $297 million.

Overall Performance of Holdings

In terms of performance, the social security fund holdings performed well overall. Eighteen stocks achieved year-over-year growth in net profit attributable to shareholders in 2025, while only seven declined. Notably, *ST Songfa, Dajin Heavy Industry, Putailai, Baofeng Energy, Shenan Circuit, GCL Environment, and Shanghai Xinyang all saw net profit increases exceeding 70%.

*ST Songfa’s net profit growth was the highest, reaching 2.655 billion yuan, up 1,083.05%. It was held by two social security funds, with a market value of 303 million yuan.

The significant performance increase of *ST Songfa is mainly due to Hengli Heavy Industry’s asset injection, enabling the company to successfully transition into shipbuilding. The company has applied to the stock exchange to revoke its delisting warning. Benefiting from the restructuring, *ST Songfa’s stock price has increased over 110% in 2025 and over 45% since 2026.

Dajin Heavy Industry achieved a record high net profit of 1.103 billion yuan in 2025, up 132.82%. At the end of Q4 2025, two basic pension funds appeared among the top ten tradable shareholders, with a combined market value of 535 million yuan.

In recent years, offshore wind power companies have shown strong momentum for overseas expansion. Dajin Heavy Industry recently stated during a survey that about 16 GW of offshore wind projects in Germany are currently in progress, with some project results expected to be announced this year.

From the market perspective, most of the social security fund holdings have increased this year (as of March 19). Stocks such as Yaxing Integration and GCL Environment have gained over 80%, Baofeng Energy over 60%, and others like *ST Songfa, Dajin Heavy Industry, Jiazhe New Energy, Jiansheng Group, Shanghai Xinyang, and Shanjin International have all increased by over 20%.