HBK Sorce Diversifies Holdings.
HBK Sorce Advisory LLC Diversifies Holdings with New Stakes in REIT ETF, SouthState Bank, and More.
Key Points
Beyond HBK Sorce’s new SCHH stake, several other funds disclosed sizable positions in Schwab U.S. REIT ETF, including AWM Capital LLC (96,432 shares ≈ $2.01M), Swmg LLC (10,212 shares ≈ $224k), Bigelow Investment Advisors LLC (25,250 shares ≈ $527k), WealthShield Partners LLC (35,437 shares ≈ $762k) and Koshinski Asset Management Inc. (15,490 shares ≈ $324k).
Schwab U.S. REIT ETF (SCHH) opened around $24.11 with a 52-week range of $20.63–$25.03, a market cap near $11.40 billion, a P/E of about 34.50 and a beta of roughly 0.94.
In SouthState Bank (SSB), HBK Sorce’s 9,964-share stake is complemented by other institutions expanding or initiating positions, including Nicholas Hoffman & Company LLC (16,527 shares ≈ $1.56M), Cetera Investment Advisers (18,959 shares ≈ $1.75M), HB Wealth Management LLC (18,045 shares ≈ $1.67M), MML Investors Services LLC (2,360 shares ≈ $222k) and FourThought Financial Partners LLC (2,544 shares ≈ $239k).
Sun Life Financial Inc. (SLF) saw HBK Sorce acquire 18,460 shares for about $1.51M, and the stock shows notable institutional ownership (about 52.26%). The stock has been the subject of multiple analyst ratings, including reiterations of outperform/buy with various firms providing buy/hold notes.
HBK Sorce also took a 1,636-share position in Northrop Grumman (NOC) for about $912k; Northrop Grumman is widely held by institutions (roughly 83.40%), and the company recently paid a quarterly dividend of $2.47 per share (ex-div date June 1; yield ~1.7%).
HBK Sorce Advisory LLC put $2.497 million into the Schwab U.S. REIT ETF (SCHH) during the second quarter, picking up 23,120 shares of the real estate fund, according to Watchlist News. The move is part of a broader buying spree that also included stakes in SouthState Bank, Sun Life Financial, and Northrop Grumman.
HBK Sorce was not alone. Several other institutional investors also disclosed new or expanded SCHH positions in the same period, signaling fresh appetite for U.S. real estate investment trusts after a stretch of market volatility.
SCHH Draws a Crowd of Institutional Buyers
SCHH opened the period around $24.11 per share, with a 52-week range of $20.63 to $25.03. The fund carries a market cap near $11.40 billion, a price-to-earnings ratio of about 34.50, and a beta of roughly 0.94 — meaning it moves slightly less than the broader market, according to Watchlist News.
Beyond HBK Sorce, AWM Capital LLC grabbed the largest slice, buying 96,432 shares worth about $2.01 million. WealthShield Partners LLC added 35,437 shares for roughly $762,000. Bigelow Investment Advisors LLC took 25,250 shares at about $527,000. Smaller bets came from Swmg LLC (10,212 shares, $224,000) and Koshinski Asset Management Inc. (15,490 shares, $324,000), per Watchlist News.
HBK Sorce Bets on SouthState Bank and Sun Life
HBK Sorce bought 9,964 shares of SouthState Bank (SSB) for about $1.09 million. Other firms moved in at the same time. Cetera Investment Advisers added 18,959 shares worth $1.75 million. HB Wealth Management LLC took 18,045 shares for $1.67 million. Nicholas Hoffman & Company LLC picked up 16,527 shares at roughly $1.56 million, according to Watchlist News.
On the Canadian insurance side, HBK Sorce added 18,460 shares of Sun Life Financial (SLF) for about $1.51 million. Institutions hold roughly 52.26% of Sun Life's outstanding shares. The stock has drawn a string of buy and outperform ratings from multiple analyst firms in recent months, per Watchlist News.
Northrop Grumman Rounds Out a Diversified Quarter
HBK Sorce also initiated a 1,636-share position in Northrop Grumman (NOC) worth about $912,000. Northrop is a heavily owned name — institutions hold roughly 83.40% of its shares. The defense giant recently paid a quarterly dividend of $2.47 per share, with an ex-dividend date of June 1 and a yield of about 1.7%, according to Watchlist News.
Taken together, HBK Sorce's second-quarter moves span real estate, banking, insurance, and defense. The firm also disclosed new stakes in Prologis ($7.78 million, 55,277 shares) and SEI Investments Company (51,793 shares), plus a $811,000 bet on Progressive Corporation (3,810 shares), per Ticker Report. The pattern points to a deliberate push to spread risk across multiple sectors.
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