U.S. Household and Nonprofit Assets · Corporate Equities Held Directly and Indirectly (Fed Z.1)

## What this measures

All corporate equities U.S. households and nonprofit organizations own, whether directly or through mutual funds, ETFs, defined-contribution and defined-benefit pension plans, IRAs and life insurance, at market value, in billions of dollars, quarter end. Q4 1945 to Q2 2026.

## Why it matters

The full stake households have in the stock market: corporate equities held directly (household.z1.assets.corporate_equities) miss most of it, because so much is held through funds and retirement accounts.

## How to read it

Q2 2026: $74.0 trillion. Compare with real estate (household.z1.assets.real_estate) for stocks against housing; the ratio is household.z1.equities_vs_real_estate.

## What it does not say

Market values, so they move with stock prices. Households and nonprofit organizations are one sector in Z.1 (nonprofits hold a modest share). Indirect holdings follow the Fed’s allocation of pension, mutual fund and insurance assets, an estimate.

## Source

Board of Governors of the Federal Reserve System, Financial Accounts of the United States (Z.1), table B.101.e (balance sheet of households and nonprofit organizations, with equity detail), line "Directly and indirectly held corporate equities", via FRED (Federal Reserve Bank of St. Louis), series BOGZ1LM153064475Q: https://fred.stlouisfed.org/series/BOGZ1LM153064475Q. Board data are public domain. Synced daily by fred-sync.