The Southern Company
MX ˙ BMV ˙ US8425871071
SecurityMX:SO / The Southern Company
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership13,166 shares
Latest Disclosed Value $ 1,270,796
Valmark Advisers, Inc. reports 8.32% decrease in ownership of SO / The Southern Company

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 13,166 shares of The Southern Company (MX:SO) valued at $1,270,796 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 14,361 shares of The Southern Company. This represents a change in shares of -8.32% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F SOUTHERN COM 842587107 13,166 -1,195 -8.32 1,271 1.44 0.0151
2026-01-26 2025-12-31 13F SOUTHERN COM 842587107 14,361 -609 -4.07 1,252 -11.71 0.0154
2025-10-24 2025-09-30 13F SOUTHERN COM 842587107 14,970 386 2.65 1,419 5.90 0.0183
2025-07-23 2025-06-30 13F SOUTHERN COM 842587107 14,584 1,922 15.18 1,339 15.03 0.0186
2025-04-23 2025-03-31 13F SOUTHERN COM 842587107 12,662 1,255 11.00 1,164 23.96 0.0176
2025-01-30 2024-12-31 13F SOUTHERN COM 842587107 11,407 -338 -2.88 939 -11.33 0.0145
2024-10-25 2024-09-30 13F SOUTHERN COM 842587107 11,745 452 4.00 1,059 21.03 0.0165
2024-08-01 2024-06-30 13F SOUTHERN COM 842587107 11,293 -66 -0.58 876 7.49 0.0149
2024-05-06 2024-03-31 13F SOUTHERN COM 842587107 11,359 50 0.44 815 2.78 0.0142
2024-02-02 2023-12-31 13F SOUTHERN COM 842587107 11,309 -1,189 -9.51 793 -1.98 0.0148
2023-11-08 2023-09-30 13F SOUTHERN COM 842587107 12,498 22 0.18 809 -7.76 0.0168
2023-08-03 2023-06-30 13F SOUTHERN COM 842587107 12,476 -740 -5.60 876 -4.68 0.0178
2023-05-02 2023-03-31 13F SOUTHERN COM 842587107 13,216 2,705 25.73 920 22.53 0.0198
2023-02-07 2022-12-31 13F SOUTHERN COM 842587107 10,511 -130 -1.22 751 3.59 0.0173
2022-11-03 2022-09-30 13F SOUTHERN COM 842587107 10,641 -132 -1.23 724 -5.73 0.0146
2022-08-01 2022-06-30 13F SOUTHERN COM 842587107 10,773 -46 -0.43 768 -2.04 0.0149
2022-05-10 2022-03-31 13F SOUTHERN COM 842587107 10,819 1,005 10.24 784 16.49 0.0138
2022-02-02 2021-12-31 13F SOUTHERN COM 842587107 9,814 929 10.46 673 22.14 0.0116
2021-11-09 2021-09-30 13F SOUTHERN COM 842587107 8,885 -1,293 -12.70 551 -10.55 0.0101
2021-08-06 2021-06-30 13F SOUTHERN COM 842587107 10,178 2,705 36.20 616 32.47 0.0113
2021-05-04 2021-03-31 13F SOUTHERN COM 842587107 7,473 2,034 37.40 465 39.22 0.0090
2021-02-03 2020-12-31 13F SOUTHERN COM 842587107 5,439 -1,282 -19.07 334 -8.24 0.0068
2020-11-09 2020-09-30 13F SOUTHERN COM 842587107 6,721 -255 -3.66 364 0.55 0.0083
2020-07-31 2020-06-30 13F SOUTHERN COM 842587107 6,976 2,493 55.61 362 48.97 0.0085
2020-05-01 2020-03-31 13F SOUTHERN COM 842587107 4,483 -181 -3.88 243 -18.18 0.0063
2020-01-31 2019-12-31 13F SOUTHERN COM 842587107 4,664 94 2.06 297 5.32 0.0064
2019-11-06 2019-09-30 13F SOUTHERN COM 842587107 4,570 528 13.06 282 26.46 0.0063
2019-08-07 2019-06-30 13F SOUTHERN COM 842587107 4,042 4,042 223 0.0049
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.