SouthState Bank Corp
68 hedge funds and large institutions have $477M invested in SouthState Bank Corp in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 36 reducing their positions, and 76 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
36% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 36
48% less capital invested
Capital invested by funds: $910M → $477M (-$433M)
52% less funds holding
Funds holding: 141 → 68 (-73)
96% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$8.68M |
| 2 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
+$6.49M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$5.61M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$4.18M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$64.4M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$45.7M |
| 3 |
Goldman Sachs
New York
|
-$42.8M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$38.2M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$35.3M |
SSB Hedge Fund Activity: Q2 2014 in Review
68 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in SouthState Bank Corp (SSB) for Q2 2014, worth a combined $477M — down 48% from $910M a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of SSB and 3 opened new positions — a net loss of 73 holders — while 36 trimmed existing stakes and 23 added.
The largest buyer was Investment Counselors of Maryland, adding an estimated $8.68M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $64.4M sold.
- 68 institutional investors held SouthState Bank Corp (SSB) as of Q2 2014, down from 141 in Q1 2014.
- Funds reported $477M of SouthState Bank Corp stock for Q2 2014, down 48% quarter-over-quarter.
- 3 funds opened new SouthState Bank Corp positions in Q2 2014 and 76 closed out, a net change of -73 holders.
- The largest SouthState Bank Corp buyer in Q2 2014 was Investment Counselors of Maryland, an estimated $8.68M added.
- The largest SouthState Bank Corp seller in Q2 2014 was Lord, Abbett & Co, an estimated $64.4M sold.
Based on aggregated 13F filings for Q2 2014.