SouthState Corp Discloses $20M+ Adobe Stake in Q4 2023 13F

TL;DR

**SouthState Corp's 13F shows a diversified portfolio with significant tech and pharma holdings as of Q4 2023.**

AI Summary

SouthState Corp, a financial institution, filed its 13F-HR on February 6, 2024, detailing its equity holdings as of December 31, 2023. The filing reveals a diverse portfolio, including significant positions in major companies like Abbvie Inc. with 64,074 shares valued at $9,929,548, and Adobe Inc. with 33,952 shares valued at $20,255,763. This matters to investors because it provides transparency into SouthState Corp's investment strategy and the types of assets it holds, which can influence its overall financial health and future performance.

Why It Matters

This filing offers a snapshot of SouthState Corp's investment portfolio, indicating its strategic asset allocation and potential exposure to market fluctuations, which directly impacts its financial stability and profitability.

Risk Assessment

Risk Level: medium — The diversified nature of the portfolio mitigates some risk, but exposure to equity markets still carries inherent volatility.

Analyst Insight

Investors should review the specific holdings to understand SouthState Corp's sector exposure and how these investments align with broader market trends, especially in tech and pharma, to assess potential impacts on the company's future earnings.

Key Numbers

• $20,255,763 — Value of Adobe Inc. shares (Represents a significant investment in a major technology company.)
• 33,952 — Shares of Adobe Inc. (Indicates the quantity of a key technology holding.)
• $9,929,548 — Value of Abbvie Inc. shares (Highlights a substantial investment in the pharmaceutical sector.)
• 64,074 — Shares of Abbvie Inc. (Shows the quantity of a major pharmaceutical holding.)
• 20231231 — Conformed Period of Report (The date the reported holdings were accurate, providing a clear snapshot of the portfolio at year-end.)

Key Players & Entities

• SouthState Corp (company) — the filer of the 13F-HR
• William E. Matthews, V (person) — Senior Executive Vice President, CFO of SouthState Corp
• Abbvie Inc (company) — a significant holding in SouthState Corp's portfolio
• Adobe Inc (company) — a significant holding in SouthState Corp's portfolio
• $9,929,548 (dollar_amount) — value of Abbvie Inc. shares held
• $20,255,763 (dollar_amount) — value of Adobe Inc. shares held

Forward-Looking Statements

• SouthState Corp will maintain its significant positions in technology and pharmaceutical sectors in its next filing. (SouthState Corp) — medium confidence, target: 2024-05-15

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 3KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 429KB
• 0001104659-24-011010.txt ( ) — 433KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: SouthState Corp Address: 1101 First Street South, Suite 202 Winter Haven , FL   33880 Form 13F File Number: 028-14854 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: William E. Matthews, V Title: Senior Executive Vice President, CFO Phone: 863-293-4710 Signature, Place, and Date of Signing: /s/ William E. Matthews, V Winter Haven ,  FL 02-06-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 890 Form 13F Information Table Value Total: 1,172,469,105 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 SouthState Bank, National Association 028-20312 2 South State Advisory, Inc. 028-19523

View Full Filing

View this 13F-HR filing on SEC EDGAR