Foreign Holdings of US Stocks Hit Record $23.2 Trillion
Foreign investors piled into US equities in April, with holdings surging $2 trillion to a record $23.2 trillion, now owning 30.5% of the $76 trillion US stock market.
Foreign holdings of US equities jumped by $2.0 trillion in April, reaching an all-time high of $23.2 trillion, according to data highlighted by The Kobeissi Letter. This figure has more than doubled since the 2022 bear market.
By comparison, during the 2020 pandemic, non-US investors held $7.5 trillion of US equities—68% less than today. Foreign investors now own roughly 30.5% of the $76 trillion US equity market.
Foreign investors’ allocation to US equities as a percentage of US financial assets has climbed to 63%, an all-time high. That is 10 percentage points above the peak seen during the 2000 Dot-Com Bubble. The data suggests foreign investors are heavily concentrated in US stocks.
Source: The Kobeissi Letter