When the repurchase of listed companies is in full swing, various funds are also adjusting their respective layouts with market changes. According to wind statistics,Since February this year, at least 450 listed companies have disclosed the latest shareholding of the top 10 shareholders and the top 10 circulating shareholders due to share repurchases, compared to less than 30 in the same period last year. In other words, compared with the relatively lagging financial reports of listed companies, due to the increase in repurchase cases, it indirectly provides an excellent perspective for investors to observe the shareholder list of listed companies in the first quarter of this year. Digging carefully, it is not difficult to find the big "secret" hidden in the buyback plan - compared to the end of the third quarter of 2023The list of shareholders of many listed companies that have disclosed buyback plans has changed this year. Among them, it is represented by value investmentLong-term fundingas well as a mature styleForeign-funded institutionsand other strength fundsIn the near future, he has quietly increased his position**. Corporate annuities are activeAs one of the major providers of long-term capital in the marketEnterprise annuitiesWith the repurchase action of listed companies, the situation of position exchange gradually surfaced. Chinese software
Based on confidence in the future development prospects and recognition of the company's long-term value, China Software disclosed in early February that it intends to repurchase the company's shares through centralized bidding transactions. According to the announcement, the number of shares to be repurchased by the company is not less than 303030,000 shares, not more than 606060,000 shares, of which 50% is used to maintain the company's value and 50% is used for equity incentives; The total amount of funds to be repurchased shall not be less than 100 million yuan and not more than 200 million yuan；The ** of the shares to be repurchased is not more than 33 yuan (inclusive).
In accordance with the provisions of laws, regulations and normative documents such as the Rules for Share Repurchase of Listed Companies, China Software disclosed the shareholders before the repurchase on February 18. According to the disclosure, as of the trading day before the board of directors announced the resolution to repurchase shares (February 6),Industrial and Commercial Bank of China Co., Ltd. *** Enterprise Annuity Plan - China Construction Bank Co., Ltd. *** China Mobile Communications Group *** Enterprise Annuity Plan - Industrial and Commercial Bank of China Co., Ltd. *** Jiangsu Province No. 1 Occupational Annuity Plan - China CITIC Bankand other "groups" appeared in its top ten circulating shareholders list.
Straight flush or out of optimism about China's software and the company's industry, in the company's latest (February 8) disclosure due to repurchase of the top ten outstanding shareholders list,CSI 500 ETFandHong Kong **Settlement*** has chosen to increase positions。In addition, the new entrant on February 6CITIC**It also increased its holdings significantly, and as of February 8, it rose from the tenth largest outstanding shareholder to the eighth largest outstanding shareholder by increasing its holdings by more than 1 million shares. Jiajiayue is also favored by enterprise annuities. Family Joy
According to the shareholder information disclosed by the company, as of February 5, among the top ten circulating shareholdersChina National Petroleum Corporation Enterprise Annuity Plan - Industrial and Commercial Bank of China Co., Ltd. ***impressively in the column, its 478140,000 new shares of the company's ninth largest outstanding shareholder. In addition, it disappeared from the list of shareholders in the third quarter of 2023Huaxia Huaxing No. 2 pension product - China Construction Bank shares***Re-onboard by increasing holdings.
In recent years, the number of enterprises participating in enterprise annuities has continued to grow, and the growth rate has accelerated since 2019, and the scale of corresponding enterprise annuities has also expanded rapidly. According to the data of the Social Insurance ** Supervision Bureau of the Ministry of Human Resources and Social SecurityAs of the end of the third quarter of 2023, the total scale of enterprise annuity accumulation** will reach 312 trillion yuan, of which 309 trillion yuan was put into actual operation. In terms of investment income, the enterprise annuity investment income in the third quarter of 2023 was -783.8 billion yuan, with a weighted average yield of -025%。Although the quarterly yield was negative, howeverThe weighted average yield for the first three quarters of 2023 was 145%, a significant increase from the same period in 2022。Not only that, among the 5,044 enterprise annuity portfolios in the first three quarters of 2023, nearly ninety percent have achieved positive returns, of which more than three percent have a portfolio return of more than 2%. 
Ministry of Human Resources and Social SecurityForeign-funded institutions make effortsThere are also frequent increases in positionsForeign-funded institutionsBaoli International
On the evening of February 21, Baoli International announced the names, number of shares and shareholding ratio of the top 10 shareholders and the top 10 shareholders with unrestricted conditions registered on the trading day before the board of directors announced the resolution to repurchase shares (February 20).
Judging from the disclosure, compared with the third quarter report of 2023, the company's list of circulating shareholders has changed greatly. The new shareholders mainly include:JPMorgan Chase, UBSand many other well-known foreign-funded institutions and natural person shareholders.
Among them,JPMorgan ChaseWith 536080,000 shares ranked the third largest outstanding shareholder; Morgan Stanley reappeared after entering the shareholder list for the first time in the 2023 interim report, and from a comprehensive comparison, it has increased its position since the fourth quarter of last year.
Company Announcements
It is worth mentioning that in the list of the top ten circulating shareholders of a number of listed companies that have recently disclosed their latest shareholdings due to repurchases,Barclays Bank prefers to "step on the line" to enter small-capitalization companies, and it involves a variety of industries and themes. Haichang New Materials
As of February 19, Haichang New Materials disclosed that among the top ten circulating shareholders, it is newBarclays BankIt is the tenth largest circulating shareholder. Similarly, inWarburg Pincus, Seagull Residential, Langdi Groupand other companies' shareholder lists, and the same scene also appeared.
The buyback is progressing rapidlyCompared with the proposal of the repurchase plan, it is more important to be able to implement it quickly and effectively. According to incomplete statistics,Since the beginning of this week, about 100 listed companies have disclosed the completion of their first buyback. Check out the announcement to findpolymeric materials's buyback program is progressing rapidly. The company officially disclosed the repurchase report on February 8 and completed the first repurchase on February 21. According to the announcement, on February 21, the company repurchased the company's shares for the first time through centralized bidding transactions16050,000 shares, accounting for 00969%, the most repo transaction is 4986 yuan shares, the lowest price is 462 yuan shares, the total amount of funds paid is 77470,000 yuan (excluding stamp duty, transaction commission and other expenses). The repurchase plan was proposed before the Spring Festival, and it was quickly implemented after the Spring FestivalBritish software。On February 21, the company repurchased 10,000 shares of the company for the first time in a centralized bidding transaction, and the largest repurchase transaction was 3228 yuan shares, the lowest price is 3199 yuan shares, the total amount of funds paid is 32130,000 yuan (excluding stamp duty, transaction commissions and other transaction costs). "Recently, due to market volatility, A-share listed companies have frequently announced buyback plans, which is a common means for companies to affirm their future value and give back to shareholders and investors. Analysts say that companies that can deliver on their buyback commitments in a relatively short period of time send a positive signal. However, there are still differences in the stimulus of buybacks on stock prices, which need to be viewed rationally by investors. Reviewer: Gao Gaifang Editor: Zhang Nan Zhang Jing Proofreader: Zhang Lijing Signed: Peng Yong.