State Street Corporation (NYSE: STT) is one of the world’s largest asset servicing and investment management firms, best known for its global custody business and the SPDR ETF platform. Shares recently traded around $130 per share, giving the company a market value of roughly $36.8 billion.
Looking at who owns State Street and how insiders have been trading helps show how large institutions and company leadership appear to be positioning around the stock today.
Who Are State Street’s Top Shareholders?
State Street’s shareholder base is led by major passive institutions, which tend to hold through market cycles and can help keep long-term ownership stable. Active managers have adjusted positions in both directions, pointing to a more selective stance.
- The Vanguard Group: 36,827,278 shares (13.19%), $4.85B value. Cut 254,599 shares (-0.69%).
- BlackRock Institutional Trust Company: 14,846,451 shares (5.32%), $1.96B value. Cut 87,279 shares (-0.58%).
- State Street Investment Management (US): 13,501,324 shares (4.83%), $1.78B value. Cut 303,202 shares (-2.20%).
- Fidelity Management & Research: 8,423,780 shares (3.02%), $1.11B value. Added 1,165,904 shares (+16.06%).
- Harris Associates: 7,621,051 shares (2.73%), $1.00B value. Slightly reduced holdings.
- Geode Capital Management: 7,438,219 shares (2.66%), $980M value. Added 26,089 shares (+0.35%).
- JPMorgan Asset Management: 6,815,125 shares (2.44%), $898M value. Added 340,543 shares (+5.26%).
- Dodge & Cox: 6,795,174 shares (2.43%), $895M value. Cut 617,240 shares (-8.33%).
- Hotchkis & Wiley Capital Management: 4,544,585 shares (1.63%), $599M value. Cut 405,132 shares (-8.18%).
- LSV Asset Management: 4,469,816 shares (1.60%), $589M value. Cut 229,625 shares (-4.89%).
Ownership remains anchored by long-term passive investors, while selective buying from firms like Fidelity and JPMorgan suggests some institutions may still see value at current levels, which for investors points to steady institutional support rather than broad risk-off behavior.
Hedge Fund Highlights
Two Sigma Advisers, founded by John Overdeck, sharply increased its State Street position last quarter, lifting its stake by 142% to roughly $89M value, which appears to reflect increased exposure following earlier share price volatility.
Jefferies Financial Group, led by Richard Handler, raised its holdings by 138%, bringing its position to about $6.8M value, a move that may suggest growing confidence in State Street’s earnings stability and balance sheet strength.
AQR Capital Management, founded by Cliff Asness, increased its stake by 57% and now holds approximately $149M value of shares, which may reflect improving signals tied to valuation or forward fundamentals given AQR’s systematic approach.
Carlson Capital, run by Clint Carlson, lifted its position by 73% to just under $1M value, which, while small in absolute terms, still stands out on a relative basis for investors watching incremental conviction.
Overall, hedge fund activity appears selective, with several firms increasing exposure but positioning still looking measured, which for investors suggests cautious optimism rather than aggressive conviction.
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State Street’s Recent Insider Trades
Insider filings show a series of relatively small transactions, largely on the selling side, spread across multiple executives and directors.
- Kathryn M. Horgan (Officer): Sold 5,676 shares at ~$118.55.
- Ronald P. O’Hanley (Officer and Director): Sold a combined 3,547 shares at ~$116.23.
- Elizabeth Schaefer (Officer): Sold 173 shares at ~$116.84.
- John Plansky (Officer): Sold 3,601 shares at ~$116.84.
- Michael L. Richards (Officer): Sold 1,500 shares at ~$117.24.
- Yie-Hsin Hung (Officer): Sold 6,000 shares at ~$116.90.
- Other filings: Small zero-share or administrative entries.
These transactions are modest relative to total shares outstanding, and it appears insiders may be managing personal exposure near recent price levels rather than signaling a strong directional view, which for investors keeps insider activity in a neutral context.
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What the Ownership & Insider Trade Data Tell Us
State Street’s ownership profile remains firmly institutional, supported by passive asset managers that provide stability through market cycles. Active managers and hedge funds appear selective, with some adding exposure and others trimming, reflecting mixed views on valuation and growth.
Insider activity appears cautious but limited in size, and taken together, the data suggest a measured posture across institutions and executives. For investors, this points to a mature financial business that continues to attract long-term capital while the market weighs earnings durability, capital returns, and broader financial conditions.
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