13F-HR: SouthState Corp Discloses $1.45 Billion in Holdings for Q3 2024

SouthState Corp's latest 13F filing reveals a diverse portfolio of 915 holdings valued at over $1.45 billion as of September 30, 2024.

Summary

• SouthState Corp filed its Form 13F holdings report for the quarter ended September 30, 2024.
• The report details the company's holdings as an institutional investment manager.
• The filing includes holdings from SouthState Bank, National Association and South State Advisory, Inc.
• The total value of the reported holdings amounts to $1,451,017,450 across 915 entries.

Sentiment

Score: 7

Explanation: The document is a standard holdings report, indicating a neutral sentiment. The portfolio's diversification and allocation to established companies suggest a stable investment approach.

Positives

• The portfolio is highly diversified across numerous sectors and asset classes.
• The fund holds significant positions in well-established, large-cap companies.
• The fund holds significant positions in popular ETFs.

Negatives

• The fund holds positions in some companies with questionable financials such as Scio Diamond Technology Corp with 115,000 shares valued at $1,495.
• The fund holds positions in some companies with questionable financials such as World Trade Center Gsp Inc with 100 shares valued at $1.
• The fund holds positions in some companies with questionable financials such as Altaba Inc Escrow Com with 100 shares valued at $713.
• The fund holds positions in some companies with questionable financials such as Chaparral Energy Inc Com with 13 shares valued at $13.
• The fund holds positions in some companies with questionable financials such as Chaparral Energy Inc Wt Com with 13 shares valued at $13.
• The fund holds positions in some companies with questionable financials such as Viatris Inc Com with 0 shares valued at $0.
• The fund holds positions in some companies with questionable financials such as Global X Fds Nasdaq 100 Cover ETF with 0 shares valued at $8.
• The fund holds positions in some companies with questionable financials such as Moderna Inc Com with 0 shares valued at $13.

Risks

• Market fluctuations could impact the value of the holdings.
• Specific company risks could affect individual stock performance.
• Economic downturns could broadly impact the portfolio's value.

Industry Context

This filing provides insight into the investment strategies of a regional bank holding company, reflecting broader trends in institutional investment and asset allocation.

Comparison to Industry Standards

• Without knowing SouthState's specific investment mandate, it's difficult to directly compare their holdings to industry benchmarks.
• However, the portfolio's composition, with significant allocations to large-cap equities and ETFs, aligns with common strategies employed by similar-sized institutional investors.
• For example, large holdings in Apple, Microsoft, and S&P 500 ETFs are typical of many institutional portfolios seeking broad market exposure.
• Comparing the portfolio's sector allocation to benchmarks like the Russell 1000 or S&P 500 could provide further insights into SouthState's investment strategy and risk profile.

Stakeholder Impact

• The investment decisions reflected in this filing impact shareholders through the performance of SouthState's investment portfolio.
• The holdings also indirectly affect the companies in which SouthState invests, influencing their stock prices and potentially their business strategies.

Key Dates