See Which Of The Latest 13F Filers Holds Southern Company

At Holdings Channel, we have reviewed the latest batch of the 49 most recent 13F filings for the 12/31/2024 reporting period, and noticed that Southern Company (Symbol: SO) was held by 20 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the change in SO positions, for this latest batch of 13F filers:

Fund	New Position?	Change In Share Count	Change In Market Value ($ in 1000’s)
LMG Wealth Partners LLC	Existing	+53	–$150
Corps Capital Advisors LLC	NEW	+5,000	+$412
WealthBridge Capital Management LLC	Existing	UNCH	–$27
Unionview LLC	Existing	+2	–$19
Wealth Alliance	Existing	–6	–$84
Sunpointe LLC	Existing	+94	–$15
Advyzon Investment Management LLC	NEW	+2,910	+$240
Forte Capital LLC ADV	Existing	+279	–$254
ING Groep NV	Existing	+126,307	+$10,378
O Brien Greene & Co. Inc	Existing	+71	–$23
Capital & Planning LLC	NEW	+135,538	+$11,158
Aspect Partners LLC	Existing	+1	–$1
Citizens National Bank Trust Department	Existing	–127	–$196
Morningstar Investment Management LLC	Existing	UNCH	–$79
Hussman Strategic Advisors Inc.	Existing	UNCH	–$4
Zullo Investment Group Inc.	Existing	–113	–$36
Boston Financial Mangement LLC	Existing	–100	–$90
First Bank & Trust	Existing	–4,752	–$813
Concurrent Investment Advisors LLC	Existing	–14,349	–$1,811
First National Bank & Trust Co. of Newtown	Existing	UNCH	–$41
Aggregate Change:		+250,808	+$18,545

In terms of shares owned, we count 7 of the above funds having increased existing SO positions from 09/30/2024 to 12/31/2024, with 6 having decreased their positions and 3 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the SO share count in the aggregate among all of the funds which held SO at the 12/31/2024 reporting period (out of the 2,776 we looked at in total). We then compared that number to the sum total of SO shares those same funds held back at the 09/30/2024 period, to see how the aggregate share count held by hedge funds has moved for SO. We found that between these two periods, funds reduced their holdings by 1,737,355 shares in the aggregate, from 42,969,674 down to 41,232,319 for a share count decline of approximately -4.04%. The overall top three funds holding SO on 12/31/2024 were:

We’ll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Southern Company (Symbol: SO).

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