The U.S. Department of the Treasury, in partnership with the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System, has published its annual survey on U.S. portfolio holdings of foreign securities as of December 31, 2024. The results are available on the Treasury’s website at https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities.
The survey found that at year-end 2024, U.S. investors held approximately $15.8 trillion in foreign securities. This total included $12.1 trillion in foreign equity, $3.3 trillion in long-term debt securities (with original terms to maturity over one year), and $0.4 trillion in short-term debt securities. Compared to the previous year’s survey, which reported total holdings of about $15.3 trillion ($11.5 trillion in equity, $3.4 trillion in long-term debt, and $0.4 trillion in short-term debt), the increase was entirely due to higher equity holdings.
By country, U.S. portfolio investments were largest in the Cayman Islands ($2.8 trillion), followed by the United Kingdom ($1.6 trillion), Canada ($1.5 trillion), and Japan ($1.2 trillion). These four destinations accounted for 45 percent of all U.S. portfolio investment abroad at year-end 2024, up from 44 percent a year earlier.
The report is part of a broader initiative under the International Monetary Fund’s Coordinated Portfolio Investment Survey aimed at improving global measurement standards for cross-border asset holdings.
A separate annual survey measuring foreign portfolio holdings of U.S. securities is underway for data as of end-June 2025; preliminary results are expected to be released on February 27, 2026.
“This survey measured the value of U.S. portfolio holdings of foreign securities at year-end 2024 as approximately $15.8 trillion, with $12.1 trillion held in foreign equity, $3.3 trillion held in foreign long-term debt securities (original term-to-maturity in excess of one year), and $0.4 trillion held in foreign short-term debt securities,” according to information provided by Treasury officials.
“This survey is part of the International Monetary Fund’s Coordinated Portfolio Investment Survey, an effort to improve the measurement of portfolio asset holdings,” Treasury officials stated.
Further details on methodology note that differences between stock data from this survey and cumulative flows reported elsewhere may occur due to various factors; additional analysis can be found within Treasury’s published materials.
