Foreign Holdings of US Assets Reach Record $39 Trillion

Despite occasional market sentiment favoring a sell-off of US assets, data indicates that foreign holdings have climbed to a record $39 trillion. This represents a 70% increase from the 2022 bear market low and a doubling from the $19 trillion recorded during the 2020 pandemic. US equities remain the primary driver, with foreign holdings doubling to $24 trillion, accounting for 62% of the total, while US Treasury holdings reached a record $8 trillion, representing 21% of the total.