Foreign investors increased their holdings of US equities by $2 trillion in April, reaching a record $23.2 trillion. This amount more than doubles the level seen during the market downturn of 2022. By comparison, during the 2020 pandemic foreign investors owned $7.5 trillion of US stocks, 68 % less than today.
Foreign investors now control about 30.5 % of the $76 trillion US stock market. Their share of US financial assets has risen to 63 %, the highest level on record and roughly 10 percentage points above the dot‑com bubble peak in 2000. The data show that foreign capital is now fully concentrated in US equities.