State Street Institutional
Investor Indicators
Investment insights based on facts, not surveys

The State Street Institutional Investor Indicators provide investors, policymakers, and the public with insights into the aggregated and anonymized positioning, risk appetite, and portfolio carbon exposures of thousands of institutional investors around the world, representing trillions of dollars in assets.

State Street Institutional Investor
Holdings Indicator

The Holdings Indicator tracks the aggregated portfolio holdings of institutional investors across stocks, bonds, and cash in percentage terms.

Key Facts
  • The Institutional Investor Holdings Indicator measures the broad asset allocations of institutional investors to cash, stocks, and bonds
  • During times of market stress, cash allocations tend to rise while stock allocations tend to fall
  • When short-term interest rates are relatively high, cash holdings tend to rise relative to bonds
  • Released monthly
Our latest report

Holdings

  • Equity allocations remain elevated, with investors still favouring shares over bonds and cash.
  • Bond allocations are low and broadly unchanged.
  • Portfolios stay tilted towards US equities and technology, with gradual diversification into Europe and China; broader EM remains light.

RiskAppetite

  • The State Street Risk Appetite Index has eased from risk‑seeking to neutral as investors wait for clearer data.
  • Flows have edged towards defensives, but investors are not turning risk-averse; tech remains in favour and risk taking is selective rather than broad
Holdings
  • Fixed Income ex Bills
  • Equities
  • Cash