SouthState Bank Corp

Diversified mechanical Mechanical CIK 764038
League rank
#209
in Diversified mechanical · #5681 overall
Long book
$2.14B
Q1 2026
Positions
1278
Top-10 weight
29%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
16%
of book per quarter

Strategy in plain words

auto-generated from filings

SouthState Bank Corp is a mechanically diversified allocator, running a $2.14B US long book across 1278 positions.

The portfolio is moderately concentrated (top 10 ≈ 29% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, MICROSOFT CORP, BROADCOM INC, SPROTT PHYSICAL GOLD TRUST, BERKSHIRE HATHAWAY INC-CL B.

Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+7.0%
Q3 2024
+0.8%
Q4 2024
-1.4%
Q1 2025
+7.6%
Q2 2025
+6.3%
Q3 2025
+1.9%
Q4 2025
-4.2%
Q1 2026
+9.3%

Sector allocation

Technology
35%
Financials
15%
Consumer discretionary
12%
Services media
7%
Healthcare
7%
Industrials
7%
Energy
5%
Utilities
4%

Long book by quarter

$1.28B
Q1 2024
$1.37B
Q2 2024
$1.45B
Q3 2024
$1.53B
Q4 2024
$2.19B
Q1 2025
$2.29B
Q2 2025
$2.17B
Q3 2025
$2.24B
Q4 2025
$2.14B
Q1 2026

What does SouthState Bank own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology444.9K$112.9M5.3%-1.5%
MSFT MICROSOFT CORPTechnology256.7K$95.0M4.4%-0.3%
AVGO BROADCOM INCTechnology217.1K$67.2M3.1%-2.5%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials126.7K$60.7M2.8%-2.3%
JPM JPMORGAN CHASE & COFinancials166.2K$48.9M2.3%+0.5%
V VISA INC-CLASS A SHARESServices media155.9K$47.1M2.2%-3.4%
GOOG ALPHABET INC-CL CTechnology157.0K$45.1M2.1%+0.7%
AMZN AMAZON.COM INCConsumer discretionary200.9K$41.8M2.0%+1.7%
MA MASTERCARD INC - AServices media78.9K$39.4M1.8%-0.7%
WMT WALMART INCConsumer discretionary265.9K$33.0M1.5%+3.9%
PH PARKER HANNIFIN CORPIndustrials35.6K$31.9M1.5%-0.6%
TJX TJX COMPANIES INCConsumer discretionary197.5K$31.5M1.5%-0.4%
VLO VALERO ENERGY CORPEnergy115.6K$28.6M1.3%-0.3%
NEE NEXTERA ENERGY INCUtilities287.8K$26.7M1.2%+4.0%
COST COSTCO WHOLESALE CORPConsumer discretionary25.4K$25.3M1.2%-2.0%
ORCL ORACLE CORPTechnology171.5K$25.2M1.2%-0.8%
LHX L3HARRIS TECHNOLOGIES INCTechnology64.3K$22.2M1.0%+1.4%
ISRG INTUITIVE SURGICAL INCHealthcare47.9K$22.1M1.0%+5.6%
CVX CHEVRON CORPEnergy106.5K$22.0M1.0%+4.3%
KO COCA-COLA CO/THEConsumer staples268.7K$20.4M1.0%0.0%
ROK ROCKWELL AUTOMATION INCOther54.4K$19.5M0.9%+1.1%
HD HOME DEPOT INCConsumer discretionary59.0K$19.4M0.9%-1.2%
CB CHUBB LTDFinancials58.0K$18.9M0.9%+0.1%
DHR DANAHER CORPTechnology95.0K$18.0M0.8%-3.5%
GOOGL ALPHABET INC-CL ATechnology62.1K$17.9M0.8%-1.5%
ABBV ABBVIE INCHealthcare75.4K$16.4M0.8%+1.1%
B BARRICK MINING CORPMaterials371.7K$15.2M0.7%-1.8%
BX BLACKSTONE INCFinancials118.7K$13.7M0.6%+1.4%
XOM EXXON MOBIL CORPEnergy78.7K$13.3M0.6%+5.7%
UNP UNION PACIFIC CORPIndustrials53.8K$13.0M0.6%+0.8%
ICE INTERCONTINENTAL EXCHANGE INFinancials81.0K$12.7M0.6%+1.3%
BAC BANK OF AMERICA CORPFinancials253.4K$12.4M0.6%-0.7%
MU MICRON TECHNOLOGY INCTechnology36.5K$12.3M0.6%-0.4%
META META PLATFORMS INC-CLASS ATechnology20.5K$11.7M0.5%-0.2%
ADBE ADOBE INCTechnology47.0K$11.4M0.5%-5.8%
BSX BOSTON SCIENTIFIC CORPHealthcare175.1K$11.0M0.5%+4.0%
LLY ELI LILLY & COHealthcare11.9K$10.9M0.5%+4.7%
LNG CHENIERE ENERGY INCUtilities37.7K$10.7M0.5%+7.3%
PG PROCTER & GAMBLE CO/THEOther71.9K$10.4M0.5%-3.3%
NOW SERVICENOW INCTechnology99.0K$10.3M0.5%-5.7%
SNA SNAP-ON INCIndustrials28.3K$10.3M0.5%+2.5%
ROP ROPER TECHNOLOGIES INCTechnology28.6K$10.1M0.5%-16.7%
JNJ JOHNSON & JOHNSONHealthcare39.6K$9.7M0.5%+0.3%
ELV ELEVANCE HEALTH INCFinancials32.5K$9.5M0.4%-5.8%
AMGN AMGEN INCHealthcare25.4K$8.9M0.4%+3.5%
IBM INTL BUSINESS MACHINES CORPTechnology35.0K$8.5M0.4%-3.1%
ETN EATON CORP PLCIndustrials21.8K$7.8M0.4%+35.0%
TRMB TRIMBLE INCOther117.9K$7.7M0.4%-6.7%
ZS ZSCALER INCTechnology50.5K$7.1M0.3%-1.6%
SYK STRYKER CORPHealthcare19.9K$6.5M0.3%+1.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 5, 20261853$2.14B canonicalSEC ↗
Q4 202513F-HRFeb 11, 20262212$2.24B canonicalSEC ↗
Q3 202513F-HRNov 5, 20252119$2.17B canonicalSEC ↗
Q2 202513F-HRAug 6, 20252381$2.29B canonicalSEC ↗
Q1 202513F-HRMay 12, 20252540$2.19B canonicalSEC ↗
Q4 202413F-HRFeb 10, 2025973$1.53B canonicalSEC ↗
Q3 202413F-HRNov 8, 2024915$1.45B canonicalSEC ↗
Q2 202413F-HRAug 2, 2024925$1.37B canonicalSEC ↗
Q1 202413F-HRMay 6, 2024964$1.28B canonicalSEC ↗