Stats › Active, passive and flows › Money market funds
$4.78tn of the $7.85tn cash pile is institutional
Government funds are 82% of the total and institutions hold 61% of it. Source: Investment Company Institute, week ending 29 July 2026.
A money market fund holds short dated government and corporate debt and pays whatever short term rates are. US funds hold $7.85 trillion, and $4.78 trillion of that is institutional operating cash. Most of it is not money waiting to buy shares.
$7.85tnTotal money market assets
$4.78tnInstitutional
$3.08tnRetail
$6.47tnGovernment funds
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