SouthState Bank Corp
150 hedge funds and large institutions have $1.25B invested in SouthState Bank Corp in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 48 increasing their positions, 60 reducing their positions, and 24 closing their positions.
9% more capital invested
Capital invested by funds: $1.15B → $1.25B (+$104M)
7% less funds holding
Funds holding: 162 → 150 (-12)
20% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 60
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
BlackRock Group
London,
United Kingdom
|
+$19.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$17.5M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$17M |
| 4 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$16.4M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$5.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
-$29.7M |
| 2 |
JP Morgan Chase
New York
|
-$11.7M |
| 3 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
-$11.7M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$7.19M |
| 5 |
HHC
Hutchin Hill Capital
New York
|
-$4.56M |
SSB Hedge Fund Activity: Q3 2016 in Review
150 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in SouthState Bank Corp (SSB) for Q3 2016, worth a combined $1.25B — up 9% from $1.15B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of SSB and 12 opened new positions — a net loss of 12 holders — while 60 trimmed existing stakes and 48 added.
The largest buyer was BlackRock Group, adding an estimated $19.8M. The largest seller was Forest Hill Capital, cutting an estimated $29.7M.
- 150 institutional investors held SouthState Bank Corp (SSB) as of Q3 2016, down from 162 in Q2 2016.
- Funds reported $1.25B of SouthState Bank Corp stock for Q3 2016, up 9% quarter-over-quarter.
- 12 funds opened new SouthState Bank Corp positions in Q3 2016 and 24 closed out, a net change of -12 holders.
- The largest SouthState Bank Corp buyer in Q3 2016 was BlackRock Group, an estimated $19.8M added.
- The largest SouthState Bank Corp seller in Q3 2016 was Forest Hill Capital, an estimated $29.7M sold.
Based on aggregated 13F filings for Q3 2016.