社保基金投资罕见受挫，竟被一只2元股价股票“困住”

Core Insights - The social security fund, typically seen as a stable investment vehicle, has recently faced challenges by being significantly invested in a poorly performing stock priced at 2 yuan, raising questions about its investment strategy [1][2] Group 1: Investment Performance - The fund's total holdings reached 210.52 billion yuan by the third quarter of 2025, primarily consisting of stocks from companies with steady growth, making the investment in the 2 yuan stock particularly noteworthy [2] - The specific stock in question is a leading player in the steel industry, which has seen its price drop from 6.4 yuan in 2022 to around 1.76-2 yuan, resulting in an estimated loss of approximately 15% for the fund [4][5] - The company reported significant losses, including a net loss of 3.3 billion yuan in 2023 and 7.1 billion yuan in 2024, with continued losses in 2025, indicating a deteriorating financial situation [4] Group 2: Investment Rationale - The fund's investment in this low-priced stock is attributed to expectations of a cyclical recovery in the steel industry, as it holds substantial iron ore resources and production capacity [5] - The investment aligns with national strategies aimed at supporting the green transformation and optimization of traditional industries, reflecting a long-term investment approach [5] - The fund's diversified portfolio includes 604 stocks across various sectors, allowing for risk mitigation through exposure to both emerging and traditional industries [5][6] Group 3: Risk Management and Strategy - The fund has actively managed its exposure by reducing its holdings from 57.76 million shares to 32.82 million shares, demonstrating a proactive risk management strategy [6] - The fund maintains a long-term investment philosophy, viewing the current situation as part of a broader investment cycle, with the stock still in its observation phase [6] - Despite the challenges, the fund's overall performance remains strong, with a cumulative balance of 9.85 trillion yuan, indicating resilience and capacity to absorb short-term losses [6][8]