Rafferty Asset Management Reduces Stake in SouthState Bank

The investment firm sold nearly 19,000 shares of the regional bank in the third quarter.

Published on Mar. 2, 2026

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Rafferty Asset Management LLC decreased its position in SouthState Bank Corporation (NYSE:SSB) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,799 shares of the company's stock after selling 18,591 shares during the period.

Why it matters

This filing provides insight into the investment decisions of Rafferty Asset Management, a prominent institutional investor. Changes in large shareholders' positions can signal broader market trends or shifts in sentiment around a particular stock.

The details

Rafferty Asset Management reduced its stake in SouthState Bank by selling 18,591 shares in the third quarter. The firm now owns approximately 0.11% of the regional bank's outstanding shares, valued at $10.6 million as of the most recent filing.

  • Rafferty Asset Management filed its 13F report for the third quarter of 2026 on March 2, 2026.

The players

Rafferty Asset Management LLC

An investment management firm that oversees a variety of mutual funds and other investment products.

SouthState Bank Corporation

A regional bank headquartered in Winter Haven, Florida that provides commercial and retail banking services.

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The takeaway

This filing indicates that Rafferty Asset Management has reduced its exposure to SouthState Bank, potentially signaling a shift in the firm's investment strategy or outlook on the regional banking sector. Investors may want to monitor any further changes in large institutional holdings of SouthState Bank stock.