HIGHBuilt-inGeographic
Americas
“10-K Item 1: 'we serviced AUC/A of approximately $53.80 trillion, comprising approximately $37.42 trillion in the Americas'”
STT · Concentration risk · 10-K extracted
State Street (STT) concentration risks
Updated
The most significant concentration State Street discloses is Americas, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: State Street’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inProduct / Revenue mix
17%
investment securities portfolio
“10-K Item 1A: 'The gross interest income associated with our investment portfolio represented approximately 17% of our total gross revenue for the year ended December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is anchored by a geographic skew and a product-mix exposure that together describe a business with a large domestic center and a meaningful but secondary securities portfolio dependency. In terms of client assets under custody and administration, the Americas represented approximately $37.42 trillion of the total AUC/A of approximately $53.80 trillion — a high-share geographic concentration that is structural in character, reflecting the company's core positioning as a custodian for large North American institutional pools. This dominance is not easily reduced; it is the product of long-standing client relationships and infrastructure investments in the region. On the revenue side, the investment securities portfolio contributed approximately 17% of total gross revenue for the year ended December 31, 2025 — a low-share product-mix exposure by disclosed size, structural in nature. While modest in revenue terms, the portfolio's composition and rate sensitivity nonetheless introduce interest income variability that moves with broader monetary policy conditions. These two exposures are complementary rather than compounding: the geographic concentration determines where the fee income is generated, while the securities portfolio provides a separate, rate-sensitive revenue stream. Neither is idiosyncratic in the sense of single-name counterparty risk. The high-share Americas positioning is the more load-bearing of the two, as any broad institutional redemption or custody-fee compression in that region would have an outsized impact on overall results.
For the engine’s reasoning on STT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Asset Management
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAMI | Acadian Asset Management Inc. | 1 | 2 | 1 | 4 |
| STT● | State Street Corporation | 1 | 0 | 1 | 2 |
| APAM | Artisan Partners Asset Manageme | 0 | 1 | 2 | 3 |
| AMP | Ameriprise Financial, Inc. | 0 | 1 | 0 | 1 |
| AB | AllianceBernstein Holding L.P. | 0 | 0 | 1 | 1 |
| AMG | Affiliated Managers Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.