The U.S. Department of the Treasury has released the results of its annual survey on U.S. portfolio holdings of foreign securities as of year-end 2024. The findings 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 was conducted in collaboration with the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System. It is part of a broader effort to measure international investment positions, including a related annual survey that tracks foreign portfolio holdings of U.S. securities. Preliminary data from the most recent complementary survey, covering securities held at end-June 2025, is expected to be released on February 27, 2026.
According to the report, U.S. investors held approximately $15.8 trillion in foreign securities at the end of 2024. Of this total, $12.1 trillion was invested in foreign equities, $3.3 trillion in long-term debt securities (with maturities longer than one year), and $0.4 trillion in short-term debt securities. Compared to year-end 2023, when total holdings were about $15.3 trillion ($11.5 trillion in equity, $3.4 trillion in long-term debt, and $0.4 trillion in short-term debt), there was an increase driven entirely by equity investments.
Scott Bessent, Secretary of the Treasury of the United States
| U.S. Department of the Treasury
The countries attracting the largest share of U.S. portfolio investment at year-end 2024 were the Cayman Islands ($2.8 trillion), United Kingdom ($1.6 trillion), Canada ($1.5 trillion), and Japan ($1.2 trillion). These four countries accounted for 45 percent of total U.S. portfolio investment, up from 44 percent in the previous year.
The survey contributes to the International Monetary Fund’s Coordinated Portfolio Investment Survey, which aims to improve global measurement standards for cross-border asset holdings.
"This survey is part of the International Monetary Fund’s Coordinated Portfolio Investment Survey, an effort to improve the measurement of portfolio asset holdings."
For more details and breakdowns by country and security type, see Table 1 and Table 2 provided with the release.
