Portfolio · State Engine

Liquidity

How quickly the portfolio can actually act

Data as of

Oct 5, 2026 · 4:00 PM ET

DEMO DATA

Decision Brief

What changed

Cash stands at 12.6% against a 10.0% policy minimum, with 52.6% of the portfolio settling within one business day.

Why it matters

Stressed settlement capacity plus $6.2M of private capital calls set the real ceiling on near-term action.

Watch / decide

Stressed coverage of 34 days remains above the 20-day floor, but alternatives are gated in that scenario.

Data health 98%

Normal vs stressed liquidity

Normal · liquid

89.8%

Stressed · liquid

79.5%

Immediate · Same day12.6% → 12.6%

T+1 · 1 business day40.0% → 36.8%

T+2 · 2 business days26.9% → 23.1%

T+5 · Up to 5 days10.3% → 7.0%

Illiquid · Lock-up / gated10.2% → 0.0%

NormalStressed

Drill into holdings

Cash

12.6%

Normalminimum 10.0%

Headroom over minimum

2.6pp

$6.5M

Settles within a week

79.5%

Immediate through T+2

Illiquid

10.2%

Private equity, real assets, hedge

Immediate · T+1 · T+2 · T+5 · Illiquid

Settlement Ladder

Oct 5, 2026 · 4:00 PM ET

Settlement capacity by horizon

Immediate

Same day

12.6%

cum. 12.6%

T+1

1 business day

40.0%

cum. 52.6%

T+2

2 business days

26.9%

cum. 79.5%

T+5

Up to 5 days

10.3%

cum. 89.8%

Illiquid

Lock-up / gated

10.2%

cum. 100.0%

Cash

12.6%

Policy minimum 10.0%

Within one day

52.6%

Cash plus T+1 settlement

Illiquid

10.2%

$25.4M

Stressed coverage

34 days

Floor 20 days

Where action would be funded from

Funding Sources

Cash reserve

T-bills and institutional money market

12.6%

Same-week equity sales

US equity and digital assets, T+1

40.0%

Settlement within a week

International equity, Treasuries, TIPS

26.9%

From the Analytics Library

Liquidity analytics

Open library

Days-to-liquidate distribution

Canonical demo data

Cumulative share of the portfolio that can be liquidated by each horizon, normal and stressed.

NormalStressed

ReadingStressed: 72.5% liquid within the first three tiers. Shows how long it would take to fund a large redemption or rebalance under stress.

Liquidity vs concentration matrix

Canonical demo data

Position weight against liquidity tier for the largest holdings.

ReadingThe largest positions are in fast tiers — concentration is fixable without forced selling. Large positions in slow tiers are the hardest to fix quickly.