Recently, some listed companies have disclosed the latest top ten shareholder data due to repurchase and other reasons, and I found an unusual phenomenon, a small ** company, among the top 20 heavy stocks in the market capitalization of its holdings, there are 2 ** positions accounting for more than 10% of the outstanding shares of listed companies!
This ** company is located in Shanghai Zhonggeng **, established in November 2015, now manages **6, ** managers 3 people, and manages assets of 30.3 billion yuan. The scale of assets under management ranks around 100 among nearly 200 ** companies.
And these 2** are Xindian Software and Bozhon Seiko, let's take a look at the situation that at the end of the fourth quarter of last year, Zhonggeng**'s ** held these 2**.
The first: Newpoint Software
Located in Suzhou, the company focuses on providing software-based intelligent overall solutions for the three subdivisions of smart city: smart procurement, smart government affairs and digital building. The total market value is 8.6 billion yuan, the circulating market value is 2.6 billion yuan, and the price-earnings ratio is 15. It was listed on the Science and Technology Innovation Board in November 2021 and has a net profit of 57.3 billion yuan, with a loss of 89 million yuan in the first three quarters of 2023.
At the end of the fourth quarter of last year, Zhonggeng Value Pioneer** held 1239830,000 shares, accounting for 682%, accounting for 1251%。Its year-to-date **1034% (as of February 27, the same below), since its inception**1356%。
The following chart shows the top ten position changes of Zhonggeng Value Pioneer** in the past two quarters:
The second: Bozhong Seiko
The company is located in Suzhou City, engaged in the research and development, design, production, sales and technical services of automation equipment, automated flexible production lines, automation key components and tooling (fixtures) and other products. The total market value is 11.5 billion yuan, the circulating market value is 2.4 billion yuan, and the price-earnings ratio is 34. It was listed on the Science and Technology Innovation Board in May 2021, with a net profit of 33.1 billion yuan, 2$2.9 billion.
At the end of the fourth quarter of last year, the value of Zhonggeng small-cap ** entered 980640,000 shares, accounting for 576%, accounting for 1056%。Its year-to-date **784%, since its inception **10892%。
The following chart shows the top ten position changes in the value of Zhonggeng small cap** in the past two quarters:
After checking the relevant public offering regulations, the tradable market value of a listed company held by all **companies shall not exceed 15% of the tradable market value. * The company's position accounts for more than 10% of the circulating market value, but not more than 15%, which is legal and compliant.
However, the heavy position order is not conducive to the diversification of risks, which is undoubtedly a big challenge for managers and investors.
Are you optimistic about such a heavy position operation as a ** company? What do you think differently?
Investment is risky, **Past performance does not represent the future, sharing is not recommended, and the operation needs to be judged by individuals.