13F-HR: SouthState Corp's Q1 2024 13F Filing: Portfolio Holdings and Investment Strategy

SouthState Corp's 13F filing for Q1 2024 reveals a diverse portfolio of 964 holdings valued at over $1.28 billion, showcasing a mix of defensive and growth-oriented investments.

Summary

• SouthState Corp filed its Form 13F for the quarter ended March 31, 2024, reporting $1,283,768,991 in total assets under management.
• The filing includes 964 holdings.
• The report lists two other included managers: SouthState Bank, National Association (028-20312) and South State Advisory, Inc. (028-19523).
• The filing details numerous holdings across various sectors, including significant positions in Apple Inc., Microsoft Corp, and Berkshire Hathaway Inc.

Sentiment

Score: 7

Explanation: The document is a standard 13F filing, presenting factual information about the firm's holdings. The sentiment is neutral, reflecting a routine disclosure rather than a promotional or cautionary statement.

Positives

• The portfolio is well-diversified across numerous sectors and asset classes.
• The inclusion of multiple investment managers (SouthState Bank, National Association and South State Advisory, Inc.) suggests a diversified management approach.
• The presence of large holdings in established companies like Apple, Microsoft, and Berkshire Hathaway indicates a focus on stable, long-term investments.

Industry Context

13F filings provide insights into the investment strategies of institutional investors, reflecting broader market trends and sentiment. SouthState's holdings mirror common preferences for large-cap, tech-focused, and dividend-paying stocks.

Comparison to Industry Standards

• Comparing SouthState's portfolio to other regional banks and investment firms would require analyzing similar 13F filings.
• For example, comparing the holdings to firms like Truist Financial or Regions Financial could reveal similarities in regional investment preferences.
• Benchmarking against larger asset managers like Vanguard or BlackRock would highlight differences in scale and diversification strategies.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of SouthState Corp.
• The holdings reflect the risk appetite and investment philosophy of the institution.

Key Dates