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


  • The State Street Holdings Indicators showed that long-term investor allocations to equities rose by 0.6 percentage points to 53.4%.
  • Allocations to cash are within 0.3% of their long-run average.
  • There was a tiny 0.1 percentage point rise in fixed income allocations to 27.5%.


  • The State Street Risk Appetite Index rebounded to 0.09 from 0.18 revealing a modest retreat in risk bias across the month of March back toward neutral.
  • Our risk appetite index showed that investors remain hesitant in fixed income despite the coming rate reductions.
  • Risk appetite was completely balanced in FX and commodity linked assets.
  • Fixed Income ex Bills
  • Equities
  • Cash