Institutions Love New Industries Small Cap Stocks

Three quarterly reports have been disclosed.

As of October 27th, 1608 listed companies disclosed the three quarterly report this year, eliminating long-term suspension and listed companies since July this year, and considering the comparability of data, excluding stocks with increased circulation capital.

In the remaining 1222 stocks, 585 stocks held a higher degree of ownership concentration, accounting for 47.87%.

From this point of view, the centralization of shareholding in the third quarter tends to be decentralized.

This is closely related to the trend of the two tier market, with high inflation and high inflation.

In terms of stocks that have risen in concentration, the total number of shares of the top ten tradable shareholders of 23 stocks has increased by more than 50%, becoming a representative of the significant increase in shareholding concentration.

In the above 23 stocks with high concentration, sub shares accounted for a large proportion, and 20 were new sub shares listed since July 2009, accounting for 86.96%.

Due to the time of listing, institutional investors such as fund and social security are willing to actively increase their holdings. Many new shares have been "looted".

For the three quarterly reports that have been disclosed, we have counted the total shares of the five major institutions of the fund, brokerages, QFII, social security and insurance companies.

Among them, the agency involved 932 stocks, of which 47 stocks accounted for more than 30% of the total share of the shares.

From these 47 Institutions, they are basically classified into two main themes: first, small cap stocks account for the majority, and small and medium sized board and gem stock up to 38, accounting for 80.85%.

Due to the shortage of liquidity in the third quarter and the lack of systematic opportunities in the blue chips Market, it has become a consistent choice for many institutions to find investment opportunities through small cap stocks. Two, the leading sub sectors of emerging industries have become "meat and potatoes". The introduction of the "12th Five-Year plan" has brought opportunities to some leading technology companies with high technology content. Many of the heavily loaded stocks are leading enterprises in the fields of energy conservation, emission reduction, high-end equipment and information services, such as blue water sources, and Han de information.

The majority of institutional holdings include more shares, including Sifang stock, Dewei video, Jian Yan group and Xinwei communications.

Overall, due to the low performance of the A share market in the third quarter of this year, the overall concentration of shareholding tends to be dispersed. The number and size of the heavily held companies have decreased significantly, while the small cap stocks with the concept of emerging industries have become the focus of institutional concentration.