The U.S. Department of the Treasury, in collaboration with the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System, has released findings from its annual survey on U.S. portfolio holdings of foreign securities for year-end 2023. The data is available on the Treasury's website.
This survey measures U.S. investments in foreign securities, including equity and debt instruments. A similar survey assessing foreign portfolio holdings of U.S. securities is conducted annually, with preliminary results expected by February 28, 2025.
According to the survey, U.S. portfolio holdings of foreign securities reached approximately $15.3 trillion at the end of 2023. This includes $11.5 trillion in foreign equity, $3.4 trillion in long-term debt securities (with a maturity term exceeding one year), and $0.4 trillion in short-term debt securities. In comparison, at year-end 2022, these figures were $14 trillion overall, with $10.3 trillion in equity and $3.3 trillion in long-term debt.
The Cayman Islands led as the largest recipient of U.S. investment at $2.7 trillion, followed by the United Kingdom ($1.5 trillion), Canada ($1.4 trillion), and Japan ($1.2 trillion). These four countries accounted for 44% of total U.S. portfolio investment, consistent with the previous year's distribution.
This effort forms part of the International Monetary Fund’s Coordinated Portfolio Investment Survey aimed at enhancing measurement accuracy for portfolio asset holdings.
