SouthState Bank Corp
163 hedge funds and large institutions have $1.7B invested in SouthState Bank Corp in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 67 increasing their positions, 47 reducing their positions, and 19 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 47
4.17% more ownership
Funds ownership: 63.56% → 67.73% (+4.2%)
2% more capital invested
Capital invested by funds: $1.66B → $1.7B (+$36.4M)
2% less funds holding
Funds holding: 166 → 163 (-3)
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$20M |
| 2 |
Goldman Sachs
New York
|
+$15.5M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$14.3M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$12M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$5.9M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$3.93M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.41M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$2.67M |
| 5 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$2.13M |
SSB Hedge Fund Activity: Q2 2017 in Review
163 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SouthState Bank Corp (SSB) for Q2 2017, worth a combined $1.7B — up 2.2% from $1.66B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SSB and 16 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 67 added.
The largest buyer was Cardinal Capital Management LLC (Connecticut), adding an estimated $20M. The largest seller was Martingale Asset Management, cutting an estimated $5.9M.
- 163 institutional investors held SouthState Bank Corp (SSB) as of Q2 2017, down from 166 in Q1 2017.
- Funds reported $1.7B of SouthState Bank Corp stock for Q2 2017, up 2.2% quarter-over-quarter.
- 16 funds opened new SouthState Bank Corp positions in Q2 2017 and 19 closed out, a net change of -3 holders.
- The largest SouthState Bank Corp buyer in Q2 2017 was Cardinal Capital Management LLC (Connecticut), an estimated $20M added.
- The largest SouthState Bank Corp seller in Q2 2017 was Martingale Asset Management, an estimated $5.9M sold.
Based on aggregated 13F filings for Q2 2017.