U.S. Department of the Treasury

04/30/2026 | Press release | Distributed by Public on 04/30/2026 14:03

Report on Foreign Portfolio Holdings of U.S. Securities at End-June 2025

WASHINGTON - The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2025 were released today on the Treasury website at /data/treasury-international-capital-tic-system/us-liabilities-to-foreigners-from-holdings-of-us-securities. The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will cover holdings at the end of June 2026; preliminary data are expected to be released by February 26, 2027.

Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually. Data from the most recent survey, reporting on securities held at year-end 2025, are currently being processed. Preliminary results are expected to be reported by August 31, 2026.

The survey measured the value of foreign portfolio holdings of U.S. securities as of June 30, 2025, to be $35,349 billion, with $19,860 billion held in U.S. equities, $13,840 billion in U.S. long-term debt securities [/1] (of which $1,626 billion are holdings of asset-backed securities (ABS) [/2] and $12,214 billion are holdings of non-ABS securities), and $1,649 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2024, measured the value of total portfolio foreign holdings of U.S. securities at $30,881 billion, with holdings of $16,878 billion in U.S. equities, $12,688 billion in U.S. long-term debt securities, and $1,314 billion in U.S. short-term debt securities (see Table A).


Table A. Foreign holdings of U.S. securities,

by type of security, as of selected survey dates

(Billions of dollars)

June 30, 2024

June 30, 2025

Long-term securities 29,566 33,700
Equities 16,878 19,860
Long-term debt 12,688 13,840
Asset-backed 1,588 1,626
Other 11,100 12,214
Short-term debt securities 1,314 1,649
Total 30,881 35,349
Of which: Official 6,598 6,907

Table B. Foreign holdings of U.S. securities, by country and type of security,

for the major investing countries into the United States, as of June 30, 2025

(Billions of dollars)

Country or category

Total

Equities

Long-term debt

Short-term debt

Treasury Agency Corporate
1 United Kingdom

3,462

2,057

768

56

489

91

2 Cayman Islands

3,180

2,160

286

56

519

158

3 Canada

2,900

2,065

405

160

230

39

4 Japan

2,883

1,169

1,024

250

315

125

5 Luxembourg

2,641

1,357

308

77

739

160

6 Ireland

2,222

1,469

220

34

296

204

7 Switzerland

1,377

939

239

8

128

62

8 China, Mainland [i]

1,279

344

657

186

17

75

9 Belgium

1,181

135

349

16

600

81

10 Singapore

1,118

759

239

17

90

14

11 Norway

1,109

826

195

0

87

0

12 France

1,082

601

354

37

70

20

13 Taiwan

854

172

304

185

188

5

14 Australia

804

694

53

7

40

10

15 Korea, South

804

592

120

34

50

8

16 Germany

800

572

77

5

124

23

17 Netherlands

644

461

79

18

82

4

18 Hong Kong

608

263

190

12

91

52

19 Kuwait

495

377

57

6

44

11

20 Bermuda

466

150

53

30

189

44

21 Sweden

454

396

48

0

10

0

22 Saudi Arabia

361

215

103

4

11

27

23 British Virgin Islands

354

190

56

45

40

23

24 United Arab Emirates

333

231

38

1

5

59

25 Israel

314

183

75

5

25

27

Other

3,622

1,481

1,366

96

353

326

Total

35,349

19,860

7,665

1,344

4,831

1,649

of which: Official

6,502

2,230

3,500

524

249

405

* Less than $500 million but more than zero.

[i] Excludes Hong Kong and Macau, which are reported separately.

[/1] Long-term debt securities have an original term-to-maturity of over one year.

[/2] Asset-backed securities are backed by pools of assets, such as pools of residential home mortgages or credit card receivables, which give the security owners claims against the cash flows generated by the underlying assets. Unlike most other debt securities, these securities generally repay both principal and interest on a regular basis, reducing the principal outstanding with each payment cycle.

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