State Street
Sphere us
Pocket
Capital
BlackRock-profile capital actor — commands >>> owns, fiduciary-constrained, thin gravity.
The metrics
- Posture high
- consolidating 2 src →
- Capital · available low
- own corporate liquidity sits inside a regulated G-SIB bank balance sheet — not separately captured on the fetched overview 1 src →
- Capital · operating high
- total revenue ~$15.0B TTM ($13.0B FY24, $13.9B FY25); net income ~$3.22B TTM 2 src →
- Capital · deployed high
- AUM directed ~$5.4T (State Street Investment Mgmt / SSGA, Q3-2025) + $51.7T assets under custody & administration serviced 2 src →
- Capital · in low
- AUM grew ~$4.1T (Dec-2023) -> ~$5.4T (Q3-2025); SPDR/SSGA net inflows the driver (exact net-flow $ not captured) 1 src →
- Capital · out high
- capital returned — dividend ~$3.68/yr per share (~$1.0B; 1.98% yield) + buybacks; deployment/custody-servicing costs 2 src →
- Optionality med
- constrained — SSGA AUM is fiduciary/benchmark-bound index (SPY), custody is pure agency service, and its own capital is regulated G-SIB balance sheet; little free discretionary capital. 1 src →
- Gravity high
- GROSS — $51.7T assets under custody & administration (Q3-2025) is the value-orbit (custody/servicing-fee dependency), the pocket's Aladdin analog; #3 global ETF platform via SPDR/SPY. 1 src →
Projects & threads
No live threads tagged to this actor this week.
Vocabulary