Boothbay Fund Management Reduces Stake in SouthState Bank

Institutional investor sells 18,038 shares of regional bank's stock

Mar. 16, 2026 at 7:52am

Got story updates? Submit your updates here. ›

Boothbay Fund Management LLC, an institutional investor, reduced its stake in SouthState Bank Corporation (NYSE:SSB) by 27.7% during the third quarter, according to a recent SEC filing. The firm now owns 46,969 shares of the company's stock, valued at $4.6 million.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of Boothbay Fund Management, a notable institutional investor. Changes in ownership stakes of publicly traded companies can signal shifts in market sentiment or investment theses.

The details

According to the 13F filing, Boothbay Fund Management sold 18,038 shares of SouthState Bank stock during the third quarter. This reduced the firm's total holdings in the regional bank to 46,969 shares, worth approximately $4.6 million. The filing indicates Boothbay's position in SouthState Bank has decreased by over a quarter compared to the prior quarter.

  • Boothbay Fund Management reduced its stake in SouthState Bank during the third quarter of 2026.

The players

Boothbay Fund Management LLC

An institutional investment firm that has reduced its stake in SouthState Bank Corporation.

SouthState Bank Corporation

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

Got photos? Submit your photos here. ›

The takeaway

This transaction highlights the dynamic nature of institutional investment portfolios, as firms continually evaluate and adjust their positions based on market conditions and investment theses. The reduction in Boothbay's SouthState Bank stake may signal a shift in the firm's outlook on the regional bank or broader financial sector trends.