SouthState Bank Corp
364 hedge funds and large institutions have $5.7B invested in SouthState Bank Corp in 2024 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 101 increasing their positions, 149 reducing their positions, and 22 closing their positions.
41% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 22
2% more funds holding
Funds holding: 357 → 364 (+7)
4% less capital invested
Capital invested by funds: $5.92B → $5.7B (-$225M)
8% less call options, than puts
Call options by funds: $4.04M | Put options by funds: $4.39M
4.3% less ownership
Funds ownership: 92.21% → 87.91% (-4.3%)
32% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 149
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| 1 |
Holocene Advisors
New York
|
+$25.2M |
| 2 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$21.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.1M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.16M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$5.61M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$149M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$19.7M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$14.5M |
| 4 |
Millennium Management
New York
|
-$13.9M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$13.1M |
SSB Hedge Fund Activity: Q1 2024 in Review
364 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in SouthState Bank Corp (SSB) for Q1 2024, worth a combined $5.7B — down 3.8% from $5.92B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SSB positions and 22 closed out — a net gain of 9 holders — while 101 added to existing stakes and 149 trimmed.
The largest buyer was Holocene Advisors, adding an estimated $25.2M. The largest seller was Morgan Stanley, cutting an estimated $149M.
- 364 institutional investors held SouthState Bank Corp (SSB) as of Q1 2024, up from 357 in Q4 2023.
- Funds reported $5.7B of SouthState Bank Corp stock for Q1 2024, down 3.8% quarter-over-quarter.
- 31 funds opened new SouthState Bank Corp positions in Q1 2024 and 22 closed out, a net change of +9 holders.
- The largest SouthState Bank Corp buyer in Q1 2024 was Holocene Advisors, an estimated $25.2M added.
- The largest SouthState Bank Corp seller in Q1 2024 was Morgan Stanley, an estimated $149M sold.
Based on aggregated 13F filings for Q1 2024.